Construction in Australia - Industry Market Research Report

Construction in Australia - Industry Market Research Report

Construction in Australia

Divergent trends in the building and infrastructure industries have constrained the performance of the Construction division, with revenue expected to fall at an annualised 1.5% through the end of 2022-23, to total $453.0 billion. Non-residential building construction surged to a record peak in 2019-20, before the economic fallout from the COVID-19 pandemic reversed this trend. Work on large-scale apartment and non-residential building projects has deteriorated, contributing to weakness across many construction services, like elevator installation services and electrical services.

Construction firms primarily construct buildings, roads, railroads, harbour or river works, transmission lines, pipelines and oil refineries. These firms are also involved in civil engineering and irrigation projects, and construct water, gas, electricity and sewerage infrastructure. Some construction firms also carry out repairs and renovations, prepare mine sites, install utilities, and take part in demolitions and excavations.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."