Construction
in Australia – Key Trends and Opportunities to 2018: Order report by calling marketreportsstore.com
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Synopsis
This report
provides detailed market analysis, information and insights into the Australian
construction industry including:
- The Australian construction
industry's growth prospects by market, project type and type of construction
activity
- Analysis of equipment, material
and service costs across each project type within Australia
- Critical insight into the impact
of industry trends and issues, and the risks and opportunities they
present to participants in the Australian construction industry
- Analyzing the profiles of the
leading operators in the Australian construction industry
- Data highlights of the largest
construction projects in Australia
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Summary
The Australian
construction industry registered a
compound annual growth rate (CAGR) of 5.24% during the review period
(2009-2013). Growth was supported by private and public investments in
infrastructure, industrial and residential construction projects. Government
infrastructure programs such as the Nation Building Program and the National
Broadband Network supported the growth. Industry growth is expected to continue
over the forecast period (2014-2018) as a result of the government's commitment
to making infrastructural improvements. Consequently, industry output is
expected to record a forecast-period CAGR of 4.65%.
Scope
This report
provides a comprehensive analysis of the construction industry in Australia. It
provides:
- Historical (2009-2013) and
forecast (2014-2018) valuations of the construction industry in Australia
using construction output and value-add methods
- Segmentation by sector
(commercial, industrial, infrastructure, institutional and residential)
and by project type
- Breakdown of values within each
project type, by type of activity (new construction, repair and maintenance,
refurbishment and demolition) and by type of cost (materials, equipment
and services)
- Analysis of key construction
industry issues, including regulation, cost management, funding and
pricing
- Detailed profiles of the leading
construction companies in Australia
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Key Highlights
- Since late 2012, construction
activity in Australia has been fairly weak, with the industry posting a
contraction of 0.2% in real value-added terms in 2013. This followed an
annual average growth of 6.8% in real terms in 2011?2012. However,
potential growth has emerged in the form of the total building permits for
dwelling units reaching 51,417 in the fourth quarter of 2013, a growth of
23.2% over the fourth quarter of 2012. Permits for houses rose by 14.7%,
whereas permits (excluding houses) grew by 33.8% during the same period.
The forecast-period outlook for construction in Australia remains positive
due to low interest and unemployment rates and improvements in consumer
and investor confidence.
- The government's focus on road
and rail infrastructure development is expected to support economic growth
and improve regional connectivity. In its 2013-2014 budget, the government
allocated AUD24.0 billion (US$23.3 billion) under the Nation Building
Program to expand the country's road, rail and port infrastructure by
2018-2019.
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