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Temporary Housing Structures Market in Australia
Frost & Sullivan, July 2011, Pages: 95
This Frost & Sullivan research service titled Temporary Housing Structures Market in Australia provides an overview of the temporary housing structures (THS) market, market dynamics and market analyses. In this research, Frost & Sullivan's expert analysts thoroughly examine the following end-user markets: construction, mining, oil and gas and others.
Market Overview
Construction Accounted for 42.0 Per cent of the Australian THS Market in 2010
The $131.8-million Market to Grow to $208.1 Million in 2017 at a Modest CAGR of 6.7 Per cent
Australia's booming construction sector, backed by the strong development potential of the mining and oil and gas sectors, has stabilised the country's THS market. The growth in the industrial sector due to the country's favourable geographic location and an encouraging investment environment has given a shot in the arm to the THS market. Australians' demand for higher standards of living also bodes well for the market, since the rising costs of raw materials have challenged market participants to be cost competitive and yet, profitable. THS companies are emphasising the quality, durability, sustainability and energy efficiency of their products to stave off price wars. “Larger companies will prefer high-quality THS products, which will ensure a comfortable standard of living,” says the analyst of this research. “Participants could also focus on the refurbishment of old THS, it translates into shorter lead time and lower costs.”
The Australian THS market has a fair share of domestic participants dominating the market. These companies usually focus on certain sectors such as mining, which has been listed as one of the priority industries for national development. End users that are looking for cheaper options to conventional building structures prefer THS for events and accommodation in camp parks. “These alternative uses will offer wider scope of application for THS participants, as Australians are more inclined towards outdoor activities than some Asian countries such as Indonesia, Malaysia and Singapore,” notes the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By End Users:
Construction
Mining
Oil and Gas
Other
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