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The Australia construction market size reached approximately USD 308.17 billion in 2023. The market is assessed to grow at a CAGR of 3.2% between 2024 and 2032 to attain a value of around USD 412.97 billion by 2032.
Construction refers to the process of creating large structures, such as buildings, bridges, and roads, among others. The construction sector is crucial in developing optimal spaces that can connect different communities, improve the well-being of individuals, and provide employment opportunities.
Based on construction type, the market is bifurcated into new constructions and renovation. By end use, the Australia construction market segmentation includes commercial, residential, institutional, and industrial. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
The report gives a detailed analysis of the following key players in the Australia construction market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
Renovation accounts for a considerable portion of the Australia construction market share. With homeowners staying in their properties for a longer duration due to high costs associated with purchasing new houses, limited property choices, and housing affordability challenges, investments in renovating and upgrading areas such as bathrooms and kitchens are increasing.
The government is also focusing on upgrading infrastructure and public buildings to promote the economic development of the country, further fuelling the segment’s growth. In October 2023, Brisbane Airport commenced Future BNE, a UAS$ 5 billion renovation project that is aimed at upgrading international and domestic terminals, transforming aircraft parking, and constructing advanced aeromedical facilities to provide optimal facilities to the increasing number of travellers.
As per the Australia construction market analysis, commercial construction activities are significantly increasing in the country due to the growing labour sector, rising investments in office development, and favourable interest rates. The surging construction of hotels, shopping centres, and entertainment facilities amid the robust growth of the tourism sector also favours the commercial construction market development in the country.
Besides, residential construction activities in the country are buoyed by the growing immigrant population, especially in urban areas. The rising investments in residential construction by the Australian government amid the looming housing crisis are further aiding the segment’s growth. Meanwhile, the outlook of institutional construction is expected to be favourable in the coming years, fuelled by the growing spending on sectors like healthcare and education, among others.
Laing O’Rourke Corp. Ltd. is a renowned construction and engineering company that is headquartered in Dartford, England. The company delivers advanced building and infrastructure projects for its customers in the Middle East, the United Kingdom, and Australia. It aims to become a pioneer and innovator in the construction sector by 2025.
J Hutchinson Pty Ltd., founded in 1912, has established its position as a diverse and dynamic construction company in Australia. With a presence across regional and urban regions of Australia, it delivers advanced projects and has built over 7,500 projects worth more than USD 35 billion in the country since its inception.
Lendlease Corporation Limited is a global real estate company that has been involved in delivering iconic projects like Singapore’s Paya Lebar Quarter, Sydney’s Barangaroo Precinct, and New York’s Claremont Hall. The company also provides leading design and project management services for sectors like social infrastructure, residential, and commercial.
Other Australia construction market players include Brookfield Corporation (Multiplex Constructions Pty Limited), CIMIC Group Ltd. (CPB Contractors), John Holland Group Pty Ltd., ADCO Constructions Pty Ltd., Fulton Hogan Ltd., Mirvac Limited, and Hansen Yuncken Pty Ltd., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Construction Type |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Construction Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Construction Historical Market (2018-2023)
8.3 Asia Pacific Construction Market Forecast (2024-2032)
8.4 Asia Pacific Construction Market Breakup by Country
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 ASEAN
8.4.5 Australia
8.4.6 Others
9 Australia Construction Market Overview
9.1 Key Industry Highlights
9.2 Australia Construction Historical Market (2018-2023)
9.3 Australia Construction Market Forecast (2024-2032)
10 Australia Construction Market by Construction Type
10.1 New Constructions
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Renovation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Construction Market by End Use
11.1 Commercial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Institutional
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Industrial
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Laing O’Rourke Corp. Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Brookfield Corporation (Multiplex Constructions Pty Limited)
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 J Hutchinson Pty Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 CIMIC Group Ltd. (CPB Contractors)
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Lendlease Corporation Limited
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 John Holland Group Pty Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 ADCO Constructions Pty Ltd.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Fulton Hogan Ltd.
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Mirvac Limited
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Hansen Yuncken Pty Ltd.
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Construction Market: Key Industry Highlights, 2018 and 2032
2. Australia Construction Market: Key Industry Highlights, 2018 and 2032
3. Australia Construction Historical Market: Breakup by Construction Type (USD Billion), 2018-2023
4. Australia Construction Market Forecast: Breakup by Construction Type (USD Billion), 2024-2032
5. Australia Construction Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Australia Construction Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Australia Construction Market Structure
In 2023, the market attained a value of nearly USD 308.17 billion.
The market is assessed to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 412.97 billion by 2032.
The major market drivers are the healthy economic growth in the country, increasing focus on sustainability, and rising investments in renovation activities, especially by homeowners.
The robust growth of non-residential construction, increasing focus by the government to upgrade infrastructure and public buildings, and technological advancements and innovations are the key trends aiding the market growth.
The different construction types considered in the market report are new constructions and renovation.
Commercial, residential, institutional, and industrial are the various end uses of construction.
The major players in the market are Laing O’Rourke Corp. Ltd., Brookfield Corporation (Multiplex Constructions Pty Limited), J Hutchinson Pty Ltd., CIMIC Group Ltd. (CPB Contractors), Lendlease Corporation Limited, John Holland Group Pty Ltd., ADCO Constructions Pty Ltd., Fulton Hogan Ltd., Mirvac Limited, and Hansen Yuncken Pty Ltd., among others.
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