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New Zealand Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 54 Pages
  • February 2022
  • Region: New Zealand
  • GlobalData
  • ID: 5591584
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New Zealand’s construction industry grew by an estimated 4.2% in real terms in 2021, following an annual decline of 5.4% in 2020. The New Zealand government enforced a nation-wide lockdown in August and September 2021, due to the outbreak of the Delta variant of Coronavirus (COVID-19). As a result, the country’s construction industry contracted by 11.1% year on year (YoY) in Q3 2021, preceded by Y-o-Y growth of 48.9% in Q2 and 9.9% in Q1 2021, according to Statistics New Zealand.

The publisher expects New Zealand’s construction industry to expand by 10.8% this year, supported by an improvement in economic conditions and government investment on infrastructure, energy and utilities and residential construction projects. Infrastructure growth will be supported by the NZD1.3 billion ($908.3 million) Rail Network Investment Programme (RNIP), which aims to improve the national rail network between 2021 and 2024. Further supporting infrastructure growth will be the NZD33.8 billion ($24.3 billion) 2021-2024 National Land Transport Programme (NLTP), as well as investment on shovel-ready projects highlighted by the Infrastructure Reference Group. According to the Infrastructure Reference Group’s (IRG) Q3 2021 report, the IRG received submissions of 1,924 projects with an estimated expenditure of NZD189.1 billion ($136 billion), and shortlisted 234 projects that received NZD3.5 billion ($2.5 billion) of government funding.

In the energy sector, the development of Kowhai Park at Christchurch Airport will support the sector’s growth in the coming period. The first phase of the project will generate 150MW of electricity, sufficient to power 30,000 homes, at an investment of NZD139 million ($100 million), funded by the Australian renewable energy fund Solar Bay. The residential sector’s output is expected to be strong in 2022, with leading indicators such as dwelling permits rising considerably in 2021.

The report provides detailed market analysis, information and insights into New Zealand’s construction industry, including:
  • New Zealand’s 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 New Zealand’s 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 New Zealand. It provides:
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in New Zealand, 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

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 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 Publisher Construction
  • Contact the Publisher

List of Tables
Table 1: Construction Industry Key Data
Table 2: New Zealand, Key Economic Indicators
Table 3: New Zealand, Commercial Construction Output by Project Type (Real % Change), 2017-2026
Table 4: New Zealand, Top Commercial Construction Projects by Value
Table 5: New Zealand, Industrial Construction Output by Project Type (Real % Change), 2017-2026
Table 6: New Zealand, Top Industrial Construction Projects by Value
Table 7: New Zealand, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026
Table 8: New Zealand, Top Infrastructure Construction Projects by Value
Table 9: New Zealand, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026
Table 10: New Zealand, Top Energy and Utilities Construction Projects by Value
Table 11: New Zealand, Institutional Construction Output by Project Type (Real % Change), 2017-2026
Table 12: New Zealand, Top Institutional Construction Projects by Value
Table 13: New Zealand, Residential Construction Output by Project Type (Real % Change), 2017-2026
Table 14: New Zealand, Top Residential Construction Projects by Value
Table 15: New Zealand, Key Contractors
Table 16: New Zealand, Key Consultants
Table 17: New Zealand, Construction Output Value (Real, $ Million)
Table 18: New Zealand, Construction Output Value (Nominal, NZD Million)
Table 19: Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Australasia, Construction Output (Real % Change), 2020-2026
Figure 2: New Zealand, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026
Figure 3: New Zealand, COVID-19 Confirmed Cases
Figure 4: New Zealand, Risk Summary
Figure 5: Australasia, Risk Regional Comparison
Figure 6: New Zealand, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-2026
Figure 7: New Zealand, Construction Output Value, by Sector (Real, $ Million), 2017-2026
Figure 8: New Zealand, Construction Value Add, (NZD million, 2009/2010 Chain-Volume Measures)
Figure 9: New Zealand, Total Value of Building Work Put in Place, % Change YoY
Figure 10: New Zealand, Gross Fixed Capital Formation, (NZD million, 2009/2010 Chain-Volume Measures)
Figure 11: New Zealand, Total Value of Building Consents Issued, % Change YoY
Figure 12: New Zealand, People Employed in Construction, in Thousands
Figure 13: New Zealand, Construction Projects Momentum Index
Figure 14: Australasia, Construction Projects Momentum Index
Figure 15: New Zealand, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 16: New Zealand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: New Zealand, Commercial Buildings Put in Place, NZD Million
Figure 18: New Zealand, Foreign Tourist Arrivals (in Thousands)
Figure 19: New Zealand, Retail Sales (NZD Billion)
Figure 20: New Zealand, Accommodation and Food Services Value Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 21: New Zealand, Retail and Wholesale Trade Value Add, 2009/2010 Chain-Volume Measures, % Change YoY
Figure 22: New Zealand, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 23: New Zealand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: New Zealand, Manufacturing Value Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 25: New Zealand, Performance of Manufacturing Index, Seasonally Adjusted
Figure 26: New Zealand, Mining Value Add (NZD million, 2009/2010 Chain-Volume Measures)
Figure 27: New Zealand, Total Overseas Merchandise Trade, NZD Billion, % Change YoY
Figure 28: New Zealand, Value of Industrial building consents issued, in $ million
Figure 29: New Zealand, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 30: New Zealand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: New Zealand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 32: New Zealand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: New Zealand, Electricity Generation and Consumption, % Change YoY
Figure 34: New Zealand, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 35: New Zealand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: New Zealand, Healthcare and Educational Buildings Put in Place, % Change YoY
Figure 37: New Zealand, Education Value Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 38: New Zealand, Healthcare Value Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 39: New Zealand, Value of Institutional Building Consents Issued ($ Million)
Figure 40: New Zealand, Residential Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 41: New Zealand, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 42: New Zealand, Total Value of Residential Building Work Put in Place, NZD Million
Figure 43: New Zealand, Total Number of New Dwellings Consented
Figure 44: New Zealand, House Sales, in Thousands
Figure 45: New Zealand, Housing Price Index (HPI)
Figure 46: New Zealand, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 47: New Zealand, Headquarters of Key Consultants (% of Total Project Pipeline)