Construction Market In Australia 2024-2028
The construction market in Australia is forecasted to grow by USD 38.71 bn during 2023-2028, accelerating at a CAGR of 3.35% during the forecast period. The report on the construction market in Australia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising mass population shifting toward urban cities, rise in government expenditure on public infrastructure, and lower interest rates in real estate sector.
Technavio's construction market in Australia is segmented as below:
By Sector
- Building construction
- Infrastructure construction
- Industrial construction
By End-user
- Engineering
- Residential
- Non-residential
By Type
- New construction
- Redevelopment
This study identifies the rising adoption of dry construction techniques as one of the prime reasons driving the construction market in Australia growth during the next few years. Also, integration of AI and IoT in construction techniques and rising policy to incorporate green building projects will lead to sizable demand in the market.
The report on the construction market in Australia covers the following areas:
- Construction market in Australia sizing
- Construction market in Australia forecast
- Construction market in Australia industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction market in Australia vendors that include ADCO Constructions Pty Ltd., AECOM, ALCHEMY CONSTRUCT, Altrad Group, Arup Group Ltd., Barker Ryan Stewart, Built Holdings Pty Ltd., BY Group, Capital Construction Pty Ltd., CIMIC Group Ltd., Fulton Hogan Ltd., Grimshaw Architects LLP, GROUNDUP Construction, Inspired Built Pty Ltd., J Hutchinson Pty Ltd., John Holland Group Pty Ltd., Laing O Rourke, Lendlease Corp. Ltd., Multiplex, and TCB Building Group. Also, the construction market in Australia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.