2013-10-31 17:10:20 - Fast Market Research recommends "Construction in Australia - Key Trends and Opportunities to 2017" from Timetric, now available
The Australian construction industry registered a CAGR of 3.86% during the review period (2008-2012). Growth was largely driven by infrastructure programs such as the Nation Building Program and National Broadband Network to develop transport and communication networks in the country. Growth in other markets was subdued due to the impact of the 2009 financial crisis. The industry is anticipated to expand at a CAGR of 5.31% over the forecast period (2013-2017), driven by growth in the infrastructure market in line with government measures to enhance transport infrastructure. Industry expansion will also be driven by an increase in the population, government initiatives to support the growth of high value add industries, and an expected revival in investor confidence among businesses and
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* Australia's economy grew by 3.6% in 2012. There are clear signs of improvement in consumption and investment, with the latter contributing 2.3 percentage points to growth. The mining industry, which attracts over 60% of the total capital investment, remains a key driver of growth.
* The government's target of achieving a budget surplus during 2012-2013 is unlikely to be realized as tax receipts remain weak. Weak asset prices, low consumer confidence, low profitability and high levels of investment-related tax deductions within the mining industry have limited revenue growth.
* In 2012, the construction industry contributed 9.8% to the economy's gross value add, increasing from AUD92.1 billion (US$95.1 billion) in 2011 to AUD99.5 billion (US$103 billion) in 2012. The industry's contribution was the fourth-largest after mining (13.1%), professional, scientific and technical services (10.2%), and manufacturing (10.1%).
* The country's rising population and increase in vehicle use have resulted in traffic congestion in a number of cities, including Sydney, Melbourne and Adelaide, necessitating the need for the upgrade of urban transport infrastructure.
* Despite high levels of household debt, slowing income growth, subdued consumer confidence and a downturn in recent sales figures, the outlook for the Australian retail sector is positive. Low interest rates are expected to support the sector and a gradual improvement is expected over 2014. Large fashion retailers such as Zara, H&M, J-Crew, Banana Republic and Abercrombie & Fitch are expanding operations in the country's central business districts (CBDs). Outside of the CBDs, expansion is focused on popular regional centers. These developments will benefit the commercial construction market.
This report provides a comprehensive analysis of the construction industry in Australia:
* Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in Australia using the construction output and value-add methods
* Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
* Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
* Analysis of key construction industry issues including regulation, cost management, funding and pricing
* Assessment of the competitive environment using Porter's Five Forces
* Detailed profiles of the leading construction companies in Australia
Reasons to Get this Report
* Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
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* Assess business risks including cost, regulatory and competitive pressures
* Evaluate competitive risk and success factors
Companies Mentioned in this Report: Leighton Holdings Ltd, Brookfield Multiplex Group, McConnell Dowell Corporation Ltd, Macmahon Holdings Ltd, Mirvac Group
Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037
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