New Zealand’s construction industry is anticipated to grow by 3.4% in real terms in 2026, supported by increasing building permits issued, investments in transport infrastructure and energy projects, and falling interest rates. According to Statistics New Zealand, the total value of building consents issued grew by 10.3% year-on-year (YoY) in February 2026, following a YoY growth of 6.6% in January 2026 and 18% in December 2026. The total value of building consents issued grew by 8.6% YoY in the first two months of 2026, preceded by an annual growth of 3% in 2025.
Over the remainder of the forecast period, the construction industry is expected to register an average annual growth rate of 4.7% from 2027 to 2030, supported by investments in transport, industrial, and energy infrastructure projects, coupled with the government’s National Land Transport Program (NLTP 2024-2034); as part of the program, the government aims to invest NZD11 billion ($6.5 billion) in various road infrastructure projects. In December 2025, the government reported that the construction of Auckland Airport to integrate the domestic and international terminals with an investment of NZD6.6 billion ($3.9 billion) is scheduled to be completed by 2029. Growth will also be supported by supported by the government’s efforts to develop renewable energy and water infrastructure projects and achieve its net-zero emissions target by 2050. In line with this, in February 2026, Contact Energy, a New Zealand based energy company announced a plan to raise NZD525 million ($311.2 million) in equity funding for the development of large-scale renewable energy projects, including a 150MW solar PV power plant, a 200MW/400MWh battery energy storage system (BESS) and pre-final investment decision (FID) drilling for a geothermal expansion. In another boost to the industry, the government plans to accelerate project approvals to support the mining sector, with a target to achieve NZD3 billion ($1.8 billion) in mineral export revenue by 2035.
Over the remainder of the forecast period, the construction industry is expected to register an average annual growth rate of 4.7% from 2027 to 2030, supported by investments in transport, industrial, and energy infrastructure projects, coupled with the government’s National Land Transport Program (NLTP 2024-2034); as part of the program, the government aims to invest NZD11 billion ($6.5 billion) in various road infrastructure projects. In December 2025, the government reported that the construction of Auckland Airport to integrate the domestic and international terminals with an investment of NZD6.6 billion ($3.9 billion) is scheduled to be completed by 2029. Growth will also be supported by supported by the government’s efforts to develop renewable energy and water infrastructure projects and achieve its net-zero emissions target by 2050. In line with this, in February 2026, Contact Energy, a New Zealand based energy company announced a plan to raise NZD525 million ($311.2 million) in equity funding for the development of large-scale renewable energy projects, including a 150MW solar PV power plant, a 200MW/400MWh battery energy storage system (BESS) and pre-final investment decision (FID) drilling for a geothermal expansion. In another boost to the industry, the government plans to accelerate project approvals to support the mining sector, with a target to achieve NZD3 billion ($1.8 billion) in mineral export revenue by 2035.
The Construction in New Zealand - Key Trends and Opportunities to 2030 (H1 2026) 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.
Report Scope
This report provides a comprehensive analysis of the construction industry in New Zealand. It provides:
- Historical (2021-2025) and forecast (2026-2030) 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 our 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 business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
