Press release
Australia Construction Market is to Grow at a CAGR of 3.8% during 2021-2025| Detailed Industry Analysis | Emerging Trends | Green Building Construction | City Level Insights
Australia Construction Market outlook
In comparison to the rest of the industry, residential construction has been more impacted due to coronavirus outbreak. According to ConsTrack360’s Global Construction Survey Q2 2021, housing sales declined by over 27% in 2020. Overall growth in residential construction is expected to remain subdued in 2021.
To boost the demand and growth of residential construction, the treasury announced the Homebuilder program on June 4, 2020. Under the program, the government will be providing eligible owner-occupiers a grant of AUD 25,000. Even first home buyers are eligible for the grant, which is provided to support the growth of residential construction in Australia.
Boosting the growth of residential construction will also positively impact workers and other related industries in Australia such as designers, architects, and furniture retailers. Moreover, with low-interest rates for loans, it is expected that many Australians will opt for renovations.
Commercial and retail construction sector is estimated to have declined by over 31% in 2020. The value of the commercial activity is expected to decline in 2021, before stabilizing in 2022-23. Increasing government spending will is required to lift the commercial construction activity, especially when private investment is extremely low in Australia.
Construction activity in office, hospitality, and education sectors are all expected to contract significantly. While health and retail have favorable projections, it will not be enough to overcome the slowdown in the commercial sector.
According to the budget, the government is investing heavily in the infrastructure construction sector in Australia. Overall, US$14 billion will be invested in hard infrastructure projects. This includes US$7.5 billion of spending on road and rail projects, US$2 billion for road safety upgrades, and US$1 billion for upgrading local roads and footpaths. Moreover, the government is also offering funding for accelerating the implementation of the 5G network in the country.
The coronavirus outbreak has had a significant impact on the Australian economy and the construction industry. The construction industry in Australia is expected to contract up to 12% in 2020. The outlook for the sector remains positive in 2021. The construction sector is expected to grow steadily in 2021.
According to ConsTrack360's Q2 2021 Global Construction Survey, construction industry in Australia is expected to grow by 6.4% to reach US$169.8 billion in 2021. Despite near-term challenges in certain construction sectors, medium to long term growth story in Australia remains intact. The construction industry in Australia is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 3.8% during 2021-2025. The construction output in the country is expected to reach US$196.9 billion by 2025.
This report from ConsTrack360 provides data and trend analyses on construction industry in Australia, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.
It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behavior to offer a 360-degree view of the opportunities and risks.
Scope
• Market Data and Insights: This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in Australia. KPIs covered include the following:
• Market size by value
• Market size by volume of construction
• Number of units
Australia Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Housing type (multi family, single family)
• Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Price point / income level (luxury, mid-tier, affordable)
• Construction stage (new construction, re-development & maintenance)
Australia Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Green building by Housing type (multi family, single family)
• Green building by Key cities (Tier – 1, Tier – 2, Tier – 3 segmentation)
• Green building by Price point / income level (luxury, mid-tier, affordable)
Australia Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office (further broken down by Grade A, Grade B, and Grade C)
• Retail (further broken down by Grade A, Grade B, and Grade C)
• Hospitality (further broken down by Grade A, Grade B, and Grade C)
• Restaurant (further broken down by Grade A, Grade B, and Grade C)
• Entertainment
• Sports facility
• Construction stage (new construction, re-development & maintenance)
Australia Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Office green building construction
• Retail green building construction
• Hospitality green building construction
• Restaurant green building construction
• Entertainment green building construction
• Sports facility green building construction
• Other commercial green building construction
Australia Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
Australia Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare construction
• Educational construction
• Public sector
• construction stage (new construction, re-development & maintenance)
Australia Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by
• Healthcare green building construction
• Educational green building construction
• Australia Infrastructure Construction Sectors: 10- year market size & forecast in value terms by
• Marine and inland water infrastructure
• Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
• Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
• Construction stage (new construction, re-development & maintenance)
• Australia Green Infrastructure Construction: 10- year market size & forecast in value terms
Get deep insights and FREE sample report @ https://www.constrack360.com/reportstore/view/Australia-Construction-Industry-Databook-Series-4015
Reasons to Purchase
• In-depth Understanding of Construction Market Dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 40+ market segments and sub-segments of building and infrastructure construction industry in Australia.
• Volume and Value Data: Get detailed understanding of the market both from value and volume (both by activity and units) perspective for historical as well as forecast period
• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market specific key trends, drivers and risks in construction industry.
• City Level Insights: Get city level trend analyses by tier-1, tier-2, and tier-3 cities.
1812 N Columbia Blvd Suite
ConsTrack360 is a global research and advisory firm providing comprehensive, accurate, and unbiased business intelligence platform on construction industry. Through detailed databases and insights, we offer unmatched detailed and unbiased content globally.
With over 100,000 data points and 300+ reports, we help clients gain actionable insights across 50 countries, which directly impact revenues. For more information, please visit our website www.constrack360.com or email us at info@constrack360.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Australia Construction Market is to Grow at a CAGR of 3.8% during 2021-2025| Detailed Industry Analysis | Emerging Trends | Green Building Construction | City Level Insights here
News-ID: 2493900 • Views: …
More Releases from constrack360
Building Materials Price Rise Affecting Construction Sector Growth In Latin Amer …
In Latin America, construction material costs have surged significantly over the last two years. The ongoing war in Ukraine, coupled with the rising inflation, has added even more pressure to the sector.
Mexico bearing the brunt of building materials price rise
Looking at specific materials, the Mexican Chamber of the Construction Industry (CMIC) indicated that cement, rebar, and steel experienced the greatest increases since December 2021. the prices of these building materials…
Eco-Friendly Constructions Boosted The Demand For Dry Concrete Materials Globall …
The recent uses of green technology in the construction sector have provided the impetus to the growth of the dry concrete market worldwide. Dry concrete helps to provide suitable conditions to allow the concrete to attain moisture properly. Its increasing strength, reducing shrinkage, fast curing rates, lowering the water permeability rate, reduced construction costs, and reduction in the hydrostatic pressures have helped the dry concrete market to see strong adoption…
New Innovative 3D Printing Methods Are Being Developed Facilitating Reduction of …
In recent times 3D printing market has gained traction around the globe due to the rising demand for Building Information Modeling (BIM). 3D printing is said to be a computer-controlled process where the layering of materials is done to form three-dimensional shapes. Thus, this process is helpful for entire printing buildings or for creating building components. Consequently, many construction companies have started using 3D printed materials in their projects to…
Increasing Climate And Decarbonization Challenges Surged The Demand For Eco-Cons …
With a period of adapting growth projections and shifting standards, the Indian construction industry is anticipated to go through a period of revival and economic expansion in 2022. Additionally, increased construction costs and skilled labor demands continue to pressure the construction industry to develop innovative, challenging, and distinct ideas.
Consequently, innovative low-cost construction materials are one such method that is adopted by the construction companies to meet the shifting needs…
More Releases for Australia
Derila Memory foam pillow Australia: Honest Reviews About Derila Australia
Derila is one of the best memory foam pillows sold in Australia today.
Priced at around 30 dollars (USD), derila is currently the most reviewed and the cheapest memory pillow available in Australia.
What is Derila? Is Derila Pillow the best in Australia? Keep reading to discover everything worth knowing about Derila Australia.
OVERVIEW
Recently, Memory foam pillow has been trending and there is a lot of brands to choose from. Which one is…
CeraCare Australia - Where to Buy Legit CeraCare Supplement in Australia?
CeraCare Australia - Ceracare is a glucose support supplement that proposes to augment cardiovascular prosperity and to stay aware of perfect glucose assimilation in Australia. CeraCare supplement is conceptualized and executed by a threesome – Christine, Dr. Jihn and Michael. It is a natural supplement that helps one stay aware of ideal glucose levels, cardiovascular prosperity, and glucose assimilation.
Take Advantage of 80% Discount Offer in Australia >> https://boostsxproaustralia.com/ceracare-new
The indications…
Glucofort Australia - Where to Buy Legit Glucofort Supplement in Australia?
Glucofort Australia - Glucofort is an efficient, all-natural progressive glucose support supplement in Australia. This formula is made out of 12 key ingredients, 7 nutrients, and minerals, and a little of Vanadium. This supplement upholds regulated glucose levels and glucose digestion. Glucofort prides itself as the most inventive supplements available in Oceania, accentuating its solidarity, wellbeing, and quality.
Take Advantage of 75% Discount Offer in Australia >> https://boostsxproaustralia.com/glucofort-new
Rather than simply…
Australia Agriculture Market, Australia Agriculture Industry, Australia Agricult …
Australia Agriculture has been as vital within the development of Australia, because it was within the United States. Australia's ancient dominance in wheat and sheep continues into the 21st century. Recently Australian agriculture has become more and more diversified. The considerable expanses of productive land have helped Australia to become a number one world exporter of grains, meats, and wool. Each grains (predominantly wheat and barley) and wool markets round…
Australia Conveyor Maintenance Analysis by Top Companies Habasit Australia Pty l …
Global Australia Conveyor Maintenance Market and Competitive Analysis
Know your current market situation! Not only a vital element for brand new products but also for current products given the ever-changing market dynamics. The study allows marketers to remain involved with current consumer trends and segments where they'll face a rapid market share drop. Discover who you actually compete against within the marketplace, with Market Share Analysis know market position, to push…
Australia Conveyor Maintenance Market Analysis By Manufacturers Rema Tip Top Aus …
A conveyor system is a common piece of mechanical handling device that moves materials/objects from one location. A conveyor is often lifeline to a company’s ability to effectively move its products in a timely manner. While it is used constantly in a manufacturing plant, proper maintenance from trained technicians can extend the lifespan of conveyor. Furthermore, conveyor maintenance is essential as it may be subjected to different types of failures…
