Road and Bridge Construction in Australia - Industry Research Report

Full speed ahead: Increased funding and landmark projects accelerated revenue to new records

The injection of public funding and progress on landmark public-private partnership (PPP) developments has underpinned record levels of activity in the Road and Bridge Construction industry and supported an improved profit performance. Many of the industry's smaller contractors also benefitted from growth in roadwork on residential subdivisions in response to the surge in house construction under the Commonwealth's HomeBuilder stimulus. Industry revenue is expected to climb at an annualised 0.6% through 2023-24 to reach a record $34.9 billion, with the pace of expansion moderated by the commencement and completion of large-scale motorway, bridge and tunnel developments.

Industry firms construct, repair and maintain roads, bridges, aerodrome runways and parking lots. Firms also carry out the quarrying of earth, soil or filling, in conjunction with road or bridge construction.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.