Australian Construction Industry Outlook, 2020-2024 - Commercial Building Construction Market Expected to Record a CAGR of 6.7% Over the Forecast Period

Dublin, IRELAND


Dublin, March 19, 2020 (GLOBE NEWSWIRE) -- The "Australia Construction Industry Databook Series - Market Size & Forecast by Value and Volume, Opportunities in Top 10 Cities, and Risk Assessment" report has been added to ResearchAndMarkets.com's offering.

The building construction industry in Australia is expected to record a CAGR of 8.6% to reach AUD 194.2 billion by 2024. The residential construction industry in value terms increased at a CAGR of 3.3% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 6.7% over the forecast period.

This report provides data and trend analyses on building construction industry in Australia, with over 80 KPIs. This is a data-centric report and it provides trend analyses with over 120+ charts and 100+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 30 segments in residential, commercial, industrial and institutional construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.

In addition to country level analysis, this report offers a detailed market opportunity assessment across key cities, helping clients assess key regions to target within the city.

Industry Highlights

The publisher expects residential building construction sector to improve, driven by improved access to credit. In addition to this, as the Reserve Bank of Australia has cut interest rates, making credit cheaper in the country.

The publisher expects further 25-50 basis points cut in the next year. The First Home Loan Deposit Scheme along with interest rate cut is expected to drive growth. Consequently, the publisher expects a positive outlook for residential building construction sector.

The commercial construction in the country is expected to continue its growth over the next 4-8 quarters. Improved investment scenario in office construction, hospital work, school and leisure projects are all good news for the construction sector in Australia. With the need for improved e-commerce facilities, efficiencies and growing demand because of population growth in NSW and Victoria demand for the warehouse is likely to grow in the country.

Report Scope

This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2015-2024 in Australia.

KPIs covered include the following:

  • Market size by value
  • Market size by volume of construction
  • Number of units

Australia Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Housing type (multi family, single family)
  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
  • Top 10 cities in Australia
  • Price point / income level (luxury, mid-tier, affordable)
  • Construction stage (new construction, re-development, maintenance)

Australia Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Office building (further broken down by Grade A, Grade B, and Grade C)
  • Retail building
  • Hospitality and luxury building
  • Restaurant
  • Entertainment
  • Sports facility
  • Construction stage (new construction, re-development, maintenance)
  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
  • Top 10 cities in Australia

Australia Industrial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Manufacturing plants
  • Chemical & pharmaceutical
  • Metal & material processing
  • Construction stage (new construction, re-development, maintenance)
  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
  • Top 10 cities in Australia

Australia Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by

  • Healthcare construction
  • Educational construction
  • Public sector
  • construction stage (new construction, re-development, maintenance)
  • Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
  • Top 10 cities in Australia

Australia Infrastructure Construction Sectors: 10-year market size & forecast in value terms by

  • Marine and inland water infrastructure
  • Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
  • Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
  • Construction stage (new construction, re-development, maintenance)

Cities Covered

  • Sydney
  • Melbourne
  • Brisbane
  • Perth
  • Adelaide
  • Gold Coast
  • Canberra
  • Newcastle
  • Central Coast
  • Wollongong

Reason to Buy

  • In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Australia.
  • Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
  • Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
  • City Level Insights: Get city level trend analyses to identify unique opportunities across key cities and also by tier-1, tier-2, and tier-3 cities.

Companies Mentioned

  • Brookfield Australia Investments Ltd
  • VicTrack
  • Probuild Group
  • Structural Systems Ltd
  • BGC Contracting Pty Ltd
  • Hansen Yuncken Pty Ltd
  • Bellero Constructions (QLD) Pty Ltd
  • CIMIC Group Ltd
  • Bovis Lend Lease Limited (Inactive)
  • John Holland Group Pty Ltd
  • J Hutchinson Pty Ltd
  • RCR Tomlinson Ltd
  • McConnell Dowell Corporationoration Ltd
  • Macmahon Holdings Ltd
  • Southern Cross Electrical Engineering Ltd
  • Decmil Group Ltd
  • GR Engineering Services Ltd
  • CEC Group Ltd.
  • Brierty Ltd
  • AHC Ltd
  • Built Environs Pty Ltd
  • ADCO Constructions Pty Ltd
  • Georgiou Group Pty Ltd
  • Grocon Pty Ltd
  • CPB Contractors Pty Ltd

For more information about this report visit https://www.researchandmarkets.com/r/pfwfcj

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


        

Contact Data