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2018 Impact and Forecast on Construction in Australia - Key Trends and Opportunities by State and Territory to 2022

10-11-2018 03:10 PM CET | Industry, Real Estate & Construction

Press release from: Press-Release

Construction

Construction

ResearchMoz presents Professional and In-depth Study of "Construction in Australia - Key Trends and Opportunities by State and Territory to 2022" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect.
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Australias construction industry recovered in 2017, after registering a weak performance during 2013-2016. In real terms, the industrys output grew by 10.4% in 2017, following an average annual contraction of 4.1% in the preceding four years.

Recovery in the countrys construction industry is expected to continue over the forecast period (2018-2022), in line with recovery in economic growth and commodity prices. Over the forecast period, the governments efforts to enhance transport, energy and residential infrastructure are expected to support industry growth. The government plans to invest AUD75.0 billion (US$58.9 billion) by 2026-2027, in a bid to develop the countrys transport infrastructure.

The industrys output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 3.89% over the forecast period, compared to -1.77% during the review period.
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– Get Sample Report_ https://www.researchmoz.us/enquiry.php?type=S&repid=1904997
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The report provides -
- The Australian 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 the Australian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Key Highlights

- GlobalData expects the infrastructure construction market output to record a forecast-period CAGR of 6.80% in nominal terms, driven by public and private sector investments in the development and modernization of the countrys transport infrastructure. In the 2018 budget, the government allocated AUD24.5 billion (US$19.2 billion) in new funding to develop the countrys transport infrastructure in order to reduce traffic congestion, improve safety and create jobs.
- Residential construction was the largest market in the Australian construction industry during the review period, accounting for 33.9% of its total value in 2017. Over the forecast period, the market is expected to be supported by government efforts to balance housing demand and supply through the construction of housing units. Forecast-period growth will also be supported by ongoing urbanization, population growth and positive developments in regional economic conditions.
- GlobalData expects the energy and utilities construction market output to record a forecast-period CAGR of 7.83% in nominal terms, driven by investments in energy and utilities construction projects. The government is investing in improving electricity generation capacity to meet rising demand. The government aims to generate 33,000GWh of electricity from renewable sources by 2020.
- In the 2018 budget, the government announced a Roads of Strategic Importance (RoSI) initiative to upgrade the countrys key freight corridors over the next ten years. Accordingly, the government allocated AUD3.5 billion (US$2.7 billion) under the RoSI initiative to upgrade key freight routes that connect mining resource regions and primary agricultural areas to airports, ports and other transport hubs over the next ten years.
- The total construction project pipeline in Australia, as tracked by the Construction Intelligence Center (CIC) and including all mega projects with a value above US$25 million, stands at AUD1.4 trillion (US$1.1 trillion). The pipeline, which includes all projects from pre-planning to execution, is well balanced, with 50.4% of the pipeline value being in projects in the pre-execution and execution stages as of July 2018.

Scope

This report provides a comprehensive analysis of the construction industry in Australia. It provides -
- Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Australia, 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.
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– More Clear Details get Full Table of Contents_https://www.researchmoz.us/construction-in-australia-key-trends-and-opportunities-by-state-and-territory-to-2022-report.html/toc
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Reasons to buy

- Identify and evaluate market opportunities using GlobalData'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 GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Continue.....11 Oct 18
https://www.researchmoz.us/construction-in-australia-key-trends-and-opportunities-by-state-and-territory-to-2022-report.html
About Researchmoz,

ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.

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