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Construction Market Analysis Australia 2025-2029

Snapshot
Table Of Contents
Methodology

Australia Construction Market Overview (2025–2029)

The construction market in Australia is projected to grow by USD 42.3 billion between 2024 and 2029, registering a CAGR of 3.6%. This growth is primarily driven by rising urbanization, the adoption of advanced construction techniques, and substantial government infrastructure investment.

Key Market Drivers

  • Urbanization: A growing population migrating to urban areas is spurring demand for residential and commercial projects. Cities like Sydney and Melbourne are witnessing a surge in high-rise developments.

  • Adoption of Dry Construction Methods: Techniques such as modular and precast construction are gaining traction due to their cost efficiency, reduced labor requirements, and faster project completion timelines.

Market Challenges

  • Rising Material Costs: The cost of essential construction materials such as steel, cement, and timber has increased significantly due to global supply chain disruptions and inflation.

  • Regulatory Constraints: Stricter environmental and safety regulations are increasing project complexity and costs, necessitating efficient compliance strategies and collaboration with regulatory bodies.

Regional and Segment Insights The building construction segment is expected to lead the market, driven by population growth and urban development. High-rise residential towers and commercial infrastructure are prominent in key metropolitan areas. Infrastructure investments, including roads, bridges, and utilities, further enhance market potential.

Emerging Trends

  • Dry Construction Techniques: The use of prefabricated components is on the rise, offering reduced timelines and energy efficiency. This trend is reshaping commercial construction practices.

  • Technological Advancements: Integration of 3D modeling, drones, and construction automation is optimizing project delivery and resource management.

  • Sustainable Practices: Green building initiatives, including energy-efficient systems and waste minimization, are increasingly incorporated into project planning.

Market Challenges

  • Escalating raw material prices and labor shortages are impacting profit margins and project timelines.

  • Legal compliance and permit acquisition processes add to operational complexities.

Customer and Competitive Landscape The industry encompasses a broad spectrum of companies, from diversified corporations to specialized construction firms. Key players are pursuing strategies such as mergers, partnerships, and innovation investments to maintain market presence.

Key Companies Include:

  • ADCO Constructions Pty Ltd.

  • AECOM

  • Alchemy Construct

  • Altrad Group

  • Arup Group Ltd.

  • CIMIC Group

  • Fulton Hogan Ltd.

  • Lendlease Corp. Ltd.

  • Multiplex

Recent Developments

  • In 2023, the Australian Government introduced a AUD 14.2 billion infrastructure investment plan targeting transport and education sectors.

  • Lendlease and Brookfield Properties announced a joint AUD 2.5 billion residential development in Melbourne in 2024.

  • Caterpillar launched its autonomous haulage system in Australian mining projects in 2024, enhancing project efficiency.

  • Boral Limited raised AUD 1.2 billion in 2025 to strengthen R&D and acquisition capabilities.

Table of Content

1 Executive Summary

1.1 Market overview

  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Sector
  • Executive Summary - Chart on Market Segmentation by End-user
  • Executive Summary - Chart on Market Segmentation by Type
  • Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation

  • Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption

  • Overview on factors of disruption

2.4 Impact of drivers and challenges

  • Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem

  • Parent Market
  • Data Table on - Parent Market

3.2 Market characteristics

  • Market characteristics analysis

3.3 Value chain analysis

  • Value chain analysis

4 Market Sizing

4.1 Market definition

  • Offerings of companies included in the market definition

4.2 Market segment analysis

  • Market segments

4.3 Market size 2024

4.4 Market outlook: Forecast for 2024-2029

  • Chart on Australia - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Australia - Market size and forecast 2024-2029 ($ billion)
  • Chart on Australia: Year-over-year growth 2024-2029 (%)
  • Data Table on Australia: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Construction Market in Australia 2019 - 2023

  • Historic Market Size - Data Table on Construction Market in Australia 2019 - 2023 ($ billion)

5.2 Sector segment analysis 2019 - 2023

  • Historic Market Size - Sector Segment 2019 - 2023 ($ billion)

5.3 End-user segment analysis 2019 - 2023

  • Historic Market Size - End-user Segment 2019 - 2023 ($ billion)

5.4 Type segment analysis 2019 - 2023

  • Historic Market Size - Type Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 Impact of AI in the Construction Market in Australia

7 Five Forces Analysis

7.1 Five forces summary

  • Five forces analysis - Comparison between 2024 and 2029

7.2 Bargaining power of buyers

  • Bargaining power of buyers - Impact of key factors 2024 and 2029

7.3 Bargaining power of suppliers

  • Bargaining power of suppliers - Impact of key factors in 2024 and 2029

7.4 Threat of new entrants

  • Threat of new entrants - Impact of key factors in 2024 and 2029

7.5 Threat of substitutes

  • Threat of substitutes - Impact of key factors in 2024 and 2029

7.6 Threat of rivalry

  • Threat of rivalry - Impact of key factors in 2024 and 2029

7.7 Market condition

  • Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Sector

8.1 Market segments

  • Chart on Sector - Market share 2024-2029 (%)
  • Data Table on Sector - Market share 2024-2029 (%)

8.2 Comparison by Sector

  • Chart on Comparison by Sector
  • Data Table on Comparison by Sector

8.3 Building construction - Market size and forecast 2024-2029

  • Chart on Building construction - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Building construction - Market size and forecast 2024-2029 ($ billion)
  • Chart on Building construction - Year-over-year growth 2024-2029 (%)
  • Data Table on Building construction - Year-over-year growth 2024-2029 (%)

8.4 Infrastructure construction - Market size and forecast 2024-2029

  • Chart on Infrastructure construction - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Infrastructure construction - Market size and forecast 2024-2029 ($ billion)
  • Chart on Infrastructure construction - Year-over-year growth 2024-2029 (%)
  • Data Table on Infrastructure construction - Year-over-year growth 2024-2029 (%)

8.5 Industrial construction - Market size and forecast 2024-2029

  • Chart on Industrial construction - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Industrial construction - Market size and forecast 2024-2029 ($ billion)
  • Chart on Industrial construction - Year-over-year growth 2024-2029 (%)
  • Data Table on Industrial construction - Year-over-year growth 2024-2029 (%)

8.6 Market opportunity by Sector

  • Market opportunity by Sector ($ billion)
  • Data Table on Market opportunity by Sector ($ billion)

9 Market Segmentation by End-user

9.1 Market segments

  • Chart on End-user - Market share 2024-2029 (%)
  • Data Table on End-user - Market share 2024-2029 (%)

9.2 Comparison by End-user

  • Chart on Comparison by End-user
  • Data Table on Comparison by End-user

9.3 Engineering - Market size and forecast 2024-2029

  • Chart on Engineering - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Engineering - Market size and forecast 2024-2029 ($ billion)
  • Chart on Engineering - Year-over-year growth 2024-2029 (%)
  • Data Table on Engineering - Year-over-year growth 2024-2029 (%)

9.4 Residential - Market size and forecast 2024-2029

  • Chart on Residential - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
  • Chart on Residential - Year-over-year growth 2024-2029 (%)
  • Data Table on Residential - Year-over-year growth 2024-2029 (%)

9.5 Non-residential - Market size and forecast 2024-2029

  • Chart on Non-residential - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Non-residential - Market size and forecast 2024-2029 ($ billion)
  • Chart on Non-residential - Year-over-year growth 2024-2029 (%)
  • Data Table on Non-residential - Year-over-year growth 2024-2029 (%)

9.6 Market opportunity by End-user

  • Market opportunity by End-user ($ billion)
  • Data Table on Market opportunity by End-user ($ billion)

10 Market Segmentation by Type

10.1 Market segments

  • Chart on Type - Market share 2024-2029 (%)
  • Data Table on Type - Market share 2024-2029 (%)

10.2 Comparison by Type

  • Chart on Comparison by Type
  • Data Table on Comparison by Type

10.3 New construction - Market size and forecast 2024-2029

  • Chart on New construction - Market size and forecast 2024-2029 ($ billion)
  • Data Table on New construction - Market size and forecast 2024-2029 ($ billion)
  • Chart on New construction - Year-over-year growth 2024-2029 (%)
  • Data Table on New construction - Year-over-year growth 2024-2029 (%)

10.4 Redevelopment - Market size and forecast 2024-2029

  • Chart on Redevelopment - Market size and forecast 2024-2029 ($ billion)
  • Data Table on Redevelopment - Market size and forecast 2024-2029 ($ billion)
  • Chart on Redevelopment - Year-over-year growth 2024-2029 (%)
  • Data Table on Redevelopment - Year-over-year growth 2024-2029 (%)

10.5 Market opportunity by Type

  • Market opportunity by Type ($ billion)
  • Data Table on Market opportunity by Type ($ billion)

11 Customer Landscape

11.1 Customer landscape overview

  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers

12.2 Market challenges

12.3 Impact of drivers and challenges

  • Impact of drivers and challenges in 2024 and 2029

12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview

13.2 Competitive Landscape

  • Overview on criticality of inputs and factors of differentiation

13.3 Landscape disruption

  • Overview on factors of disruption

13.4 Industry risks

  • Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled

  • Companies covered

14.2 Company ranking index

  • Company ranking index

14.3 Market positioning of companies

  • Matrix on companies position and classification

14.4 ADCO Constructions Pty Ltd.

  • ADCO Constructions Pty Ltd. - Overview
  • ADCO Constructions Pty Ltd. - Product / Service
  • ADCO Constructions Pty Ltd. - Key news
  • ADCO Constructions Pty Ltd. - Key offerings
  • SWOT

14.5 AECOM

  • AECOM - Overview
  • AECOM - Business segments
  • AECOM - Key news
  • AECOM - Key offerings
  • AECOM - Segment focus
  • SWOT

14.6 Alchemy Construct

  • Alchemy Construct - Overview
  • Alchemy Construct - Product / Service
  • Alchemy Construct - Key offerings
  • SWOT

14.7 Altrad Group

  • Altrad Group - Overview
  • Altrad Group - Product / Service
  • Altrad Group - Key offerings
  • SWOT

14.8 Arup Group Ltd.

  • Arup Group Ltd. - Overview
  • Arup Group Ltd. - Product / Service
  • Arup Group Ltd. - Key offerings
  • SWOT

14.9 Built Holdings Pty Ltd.

  • Built Holdings Pty Ltd. - Overview
  • Built Holdings Pty Ltd. - Product / Service
  • Built Holdings Pty Ltd. - Key offerings
  • SWOT

14.10 Capital Construction Pty Ltd.

  • Capital Construction Pty Ltd. - Overview
  • Capital Construction Pty Ltd. - Product / Service
  • Capital Construction Pty Ltd. - Key offerings
  • SWOT

14.11 CIMIC Group

  • CIMIC Group - Overview
  • CIMIC Group - Product / Service
  • CIMIC Group - Key offerings
  • SWOT

14.12 Fulton Hogan Ltd.

  • Fulton Hogan Ltd. - Overview
  • Fulton Hogan Ltd. - Product / Service
  • Fulton Hogan Ltd. - Key offerings
  • SWOT

14.13 GRIMSHAW

  • GRIMSHAW - Overview
  • GRIMSHAW - Product / Service
  • GRIMSHAW - Key offerings
  • SWOT

14.14 Inspired Built Pty Ltd.

  • Inspired Built Pty Ltd. - Overview
  • Inspired Built Pty Ltd. - Product / Service
  • Inspired Built Pty Ltd. - Key offerings
  • SWOT

14.15 J Hutchinson Pty Ltd.

  • J Hutchinson Pty Ltd. - Overview
  • J Hutchinson Pty Ltd. - Product / Service
  • J Hutchinson Pty Ltd. - Key offerings
  • SWOT

14.16 Laing O Rourke

  • Laing O Rourke - Overview
  • Laing O Rourke - Product / Service
  • Laing O Rourke - Key offerings
  • SWOT

14.17 Lendlease Corp. Ltd.

  • Lendlease Corp. Ltd. - Overview
  • Lendlease Corp. Ltd. - Business segments
  • Lendlease Corp. Ltd. - Key offerings
  • Lendlease Corp. Ltd. - Segment focus
  • SWOT

14.18 Multiplex

  • Multiplex - Overview
  • Multiplex - Product / Service
  • Multiplex - Key offerings
  • SWOT

Research Methodology

All our research reports employ a mixed-methods approach, leveraging both primary and secondary research techniques to develop a comprehensive and well-informed analysis. The methodology ensures a balanced perspective by combining data-driven insights with expert opinions.

1. Secondary Research

Secondary research formed the foundation of the study, offering a contextual understanding of the market landscape, historical trends, and existing data. This phase involved gathering and analyzing information from:

  • Industry reports and whitepapers (e.g., McKinsey, Deloitte, Statista)
  • Academic journals and case studies
  • Company reports, investor presentations, and press releases
  • Government databases and regulatory publications
  • Trade publications, industry blogs, and news articles

2. Primary Research

To validate and complement secondary findings, extensive primary research was conducted. This included both quantitative data collection and qualitative insights, particularly through expert consultations.

a. Expert Consultations (Qualitative Primary Research)

In-depth interviews were conducted with a wide range of industry stakeholders, including:

  • Industry experts and consultants
  • Senior executives and decision-makers
  • Product managers and supply chain professionals
  • Academic researchers and analysts

b. Surveys and Questionnaires (Quantitative Primary Research)

Structured surveys were distributed among:

  • End-users/consumers
  • Retailers and distributors
  • Business-to-business (B2B) buyers

3. Data Validation and Triangulation

Findings from secondary and primary sources were cross-validated through data triangulation to ensure accuracy, consistency, and reliability. This process involved comparing insights from different sources and reconciling discrepancies through expert feedback.

4. Analytical Tools and Frameworks

Various analytical models were applied to interpret the collected data:

  • SWOT Analysis for understanding strengths, weaknesses, opportunities, and threats
  • Porter’s Five Forces to assess market competitiveness
  • PESTLE Analysis to evaluate external macroeconomic influences
  • Forecasting Models using historical data trends and regression analysis

Conclusion

The combination of comprehensive secondary research and robust primary data collection—enhanced by expert consultations—ensured the development of a well-rounded and in-depth analysis. This approach enables strategic decision-making backed by both empirical evidence and industry expertise.

For detailed methodology for this particular report please write to us on info@syovi.com

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