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Construction in Australia - Key Trends and Opportunities by State and Territory to 2025 (Q4 2021)

  • ID: 5521371
  • Report
  • November 2021
  • Region: Australia
  • 75 Pages
  • GlobalData
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The construction industry in Australia is now expected to expand by 2.2% in real terms in 2021 - marginally down from the publisher’s previous forecast of growth of 2.3%. This downward revision is attributed to the surge of Coronavirus (COVID-19) cases during Q3 2021, and the re-imposition of lockdowns and tightening of restrictions. For instance, the Victorian state government tightened restrictions on the construction industry, permitting only 25% of workforce capacity on large construction sites and only five workers on small construction sites between mid-August and early-September 2021. Further weighing on growth, construction activity was prohibited for two weeks across Melbourne, Ballarat, Geelong, Mitchell Shire and the Surf Coast, between mid-September and early October 2021. These measures are expected to have resulted in daily revenue losses of AUD455 million (US$352.8 million) and wage losses of AUD63 million (US$48.9 million) in the Victorian Building and Construction industry, according to the estimates of the Australian industry body - Master Builders Association of Victoria (MBAV).

The Australian construction industry registered marginal growth of 0.5% year on year (YoY) in the second quarter, offsetting a marginal decline of 0.5% YoY in the previous quarter. As a result, industry growth was relatively muted in the first half of this year, according to the Australian Bureau of Statistics (ABS). In the second half of this year, the industry’s output will be supported by strong residential demand, the easing of restrictions and works on Australia’s considerable public infrastructure pipelines.

The publisher expects the Australian construction industry to register a real average annual growth of 3.4% between 2022 and 2025, supported by construction works on the considerable pipelines of public infrastructure projects. As part of its fiscal year (FY) 2021/2022 (July 2021-June 2022) Budget, released in May 2021, the Australian government announced an additional investment of AUD15.2 billion (US$11.8 billion) on infrastructure works over the next 10 years. This increase brings the Australian government’s 10-year infrastructure pipeline to a total investment of AUD110 billion (US$74.7 billion). Several state governments have released their budgets in recent months, with significant allocations towards the transport, health, education and housing sectors. The state government of Victoria announced plans in May 2021 to invest AUD90.2 billion (US$69.9 billion) on infrastructure between FY2021/2022 and FY2024/2025.

The publisher’s Construction in Australia - Key Trends and Opportunities by State and Territory to 2025 (Q4 2021) 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 construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Australian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Australia. It provides:

  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Australia, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

  • Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Note: Product cover images may vary from those shown

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Construction Outlook - States and Territories
5.1 New South Wales
5.2 Victoria
5.3 Queensland
5.4 South Australia
5.5 Western Australia
5.6 Tasmania
5.7 Northern Territory
5.8 Australian Capital Territory
6 Australia Construction Market Data
7 Key Industry Participants
7.1 Contractors
7.2 Consultants
8 Appendix
8.1 What is this Report About?
8.2 Definitions
8.3 The Publisher Construction
  • Contact The Publisher

List of Tables
Table 1: Construction Industry Key Data
Table 2: Australia, Key Economic Indicators
Table 3: Australia, Commercial Construction Output by Project Type (Real % Change), 2016-2025
Table 4: Australia, Top Commercial Construction Projects by Value
Table 5: Australia, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: Australia, Top Industrial Construction Projects by Value
Table 7: Australia, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: Australia, Top Infrastructure Construction Projects by Value
Table 9: Australia, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: Australia, Top Energy and Utilities Construction Projects by Value
Table 11: Australia, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: Australia, Top Institutional Construction Projects by Value
Table 13: Australia, Residential Construction Output by Project Type (Real % Change), 2016-2025
Table 14: Australia, Top Residential Construction Projects by Value
Table 15: Australia, Construction Output Value (Real, US$ Million)
Table 16: Australia, Construction Output Value (Nominal, AUD Million)
Table 17: New South Wales, Construction Output Value (Real, US$ Million)
Table 18: New South Wales, Construction Output Value (Nominal, AUD Million)
Table 19: Victoria, Construction Output Value (Real, US$ Million)
Table 20: Victoria, Construction Output Value (Nominal, AUD Million)
Table 21: Queensland, Construction Output Value (Real, US$ Million)
Table 22: Queensland, Construction Output Value (Nominal, AUD Million)
Table 23: South Australia, Construction Output Value (Real, US$ Million)
Table 24: South Australia, Construction Output Value (Nominal, AUD Million)
Table 25: Western Australia, Construction Output Value (Real, US$ Million)
Table 26: Western Australia, Construction Output Value (Nominal, AUD Million)
Table 27: Tasmania, Construction Output Value (Real, US$ Million)
Table 28: Tasmania, Construction Output Value (Nominal, AUD Million)
Table 29: Northern Territory, Construction Output Value (Real, US$ Million)
Table 30: Northern Territory, Construction Output Value (Nominal, AUD Million)
Table 31: Australian Capital Territory, Construction Output Value (Real, US$ Million)
Table 32: Australian Capital Territory, Construction Output Value (Nominal, AUD Million)
Table 33: Australia, Key Contractors
Table 34: Australia, Key Consultants
Table 35: The Publisher Construction Market Definitions
List of Figures
Figure 1: Asia-Pacific, Construction Output (Real % Change), 2020 and 2021
Figure 2: Australia, Construction Projects Pipeline by Sector (US$ Billion)
Figure 3: Australia, COVID-19 Confirmed Cases
Figure 4: Australia, Risk Summary
Figure 5: Australia, Risk Regional Comparison
Figure 6: Australia, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: Australia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 8: Australia, Total Value of Construction Work Done, In AUD Billion
Figure 9: Australia, Total Value of Building Construction Works Done, % Change YoY
Figure 10: Australia, Private Gross Fixed Capital Formation, Seasonally Adjusted Chain Volume Measures, in AUD Billion, % Change YoY
Figure 11: Australia, Total Value of Buildings Approved (Seasonally-Adjusted Terms, % Change YoY)
Figure 12: Australia, Construction Projects Momentum Index
Figure 13: Australasia, Construction Projects Momentum Index
Figure 14: Australia, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 15: Australia, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 16: Australia, Value of Commercial Buildings Approved, % Change YoY
Figure 17: Australia, Short-Term Visitor Arrivals (in Thousands)
Figure 18: Australia, Tourism Sector Jobs, in Thousands
Figure 19: Australia, Retail Trade Turnover (in AUD Billion), Seasonally Adjusted, % Change YoY
Figure 20: Australia, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 21: Australia, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 22: Australia, Total Value of Buildings Approved for Factories and Other Secondary Production Buildings, in AUD Million, % Change YoY
Figure 23: Australia, Total Value of Mineral Exploration (in AUD Million), % Change YoY
Figure 24: Australia, Performance of Manufacturing Index (PMI), Seasonally Adjusted
Figure 25: Australia, Total Exports (in AUD Billion), % Change YoY
Figure 26: Australia, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 27: Australia, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 28: Australia, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 29: Australia, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 30: Australia, Total Value of Petroleum Exploration (in AUD Million), % Change YoY
Figure 31: Australia, Total Value of Natural Gas Exports (in AUD Million), % Change YoY
Figure 32: Australia, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 33: Australia, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 34: Australia, Value of Buildings Approved for Education, Health and Religious Purpose, in AUD Billion
Figure 35: Australia, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 36: Australia, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 37: Australia, Total Value of Residential Building Construction Work Completed, In AUD Billion, % Change YoY
Figure 38: Australia, Total Number of Dwelling Units Approved, % Change YoY
Figure 39: Australia, Weighted Average Residential Property Price Index of Eight Capital Cities, % Change YoY
Figure 40: Australia, Number and Value of Owner Occupier First Home Buyer Loan Commitments (Seasonally Adjusted, % Change YoY)
Figure 41: Australia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 42: Australia, Headquarters of Key Consultants (% of Total Project Pipeline)
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