Infrastructure in New Zealand is estimated to grow at a CAGR of approximately 3% during the forecast period.
In 2019, New Zealand's government has announced plans to invest NZD 6.1 billion (USD 4 billion) in the country's infrastructure and set up a new commission for infrastructure that will oversee an infrastructure pipeline. The USD 4 billion will be invested over the next five years, with 174 projects already selected. The Government will invest an extra USD 12b in infrastructure over the next four years, including USD 6.8b on transport. Another USD 300m will be spent on hospital property, USD 300m on "regional investment opportunities", and USD 200m on "public estate decarbonization." Also included is the already-announced USD 400m boost for state school property improvements.
In 2018, infrastructure represented one-fifth of total building and construction value. The last year saw an increase in infrastructure activity of just over 12% from 2017 to USD 7.6b in 2018
Key Market Trends
Demand for Transport Infrastructure:
Transport, water and subdivision projects dominated new infrastructure activity in 2019, contributing 83% of the projects and 93% of the total value. This year, transport intentions stand out, with high-value projects contributing a much higher proportion of value (54%) than the number of projects (32%). Local government is, as usual, the main initiator of infrastructure intentions, contributing 47% of projects initiated over the forecast period. Central government (28%, mostly transport) and the private sector (25%, mostly subdivisions) are very similar to each other in the total value initiated. Late 2019 through to early 2021 shows the peak for infrastructure intentions.
Demand for Commercial Building:
Commercial buildings dominate non-residential building work expected to start in the year to December 2019, contributing 48% of the total number of projects and 59% of the total value. Education has many projects (22% of the total number of projects) but accounts for a similar share of the total value as industrial buildings (11% of the value for both education buildings and industrial buildings).
Competitive Landscape
The report covers the major players operating in the Infrastructure sector in New Zealand. The market is fragmented and the market expected to grow during the forecast period due to upcoming projects and other several factors are driving the market.
Reasons to Purchase this report:
In 2019, New Zealand's government has announced plans to invest NZD 6.1 billion (USD 4 billion) in the country's infrastructure and set up a new commission for infrastructure that will oversee an infrastructure pipeline. The USD 4 billion will be invested over the next five years, with 174 projects already selected. The Government will invest an extra USD 12b in infrastructure over the next four years, including USD 6.8b on transport. Another USD 300m will be spent on hospital property, USD 300m on "regional investment opportunities", and USD 200m on "public estate decarbonization." Also included is the already-announced USD 400m boost for state school property improvements.
In 2018, infrastructure represented one-fifth of total building and construction value. The last year saw an increase in infrastructure activity of just over 12% from 2017 to USD 7.6b in 2018
Key Market Trends
Demand for Transport Infrastructure:
Transport, water and subdivision projects dominated new infrastructure activity in 2019, contributing 83% of the projects and 93% of the total value. This year, transport intentions stand out, with high-value projects contributing a much higher proportion of value (54%) than the number of projects (32%). Local government is, as usual, the main initiator of infrastructure intentions, contributing 47% of projects initiated over the forecast period. Central government (28%, mostly transport) and the private sector (25%, mostly subdivisions) are very similar to each other in the total value initiated. Late 2019 through to early 2021 shows the peak for infrastructure intentions.
Demand for Commercial Building:
Commercial buildings dominate non-residential building work expected to start in the year to December 2019, contributing 48% of the total number of projects and 59% of the total value. Education has many projects (22% of the total number of projects) but accounts for a similar share of the total value as industrial buildings (11% of the value for both education buildings and industrial buildings).
Competitive Landscape
The report covers the major players operating in the Infrastructure sector in New Zealand. The market is fragmented and the market expected to grow during the forecast period due to upcoming projects and other several factors are driving the market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
7 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- OBAYASHI CORPORATION LIMITED
- FULTON HOGAN LIMITED
- HAWKINS LIMITED
- DOWNER GROUP
- CPB CONTRACTORS PTY LIMITED
- CITY CARE LIMITED
- KIWI PROPERTY GROUP LIMITED
- NAYLOR LOVE ENTERPRISES LIMITED
- ELECTRIX LIMITED
- VISIONSTREAM PTY LIMITED
Methodology
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