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Recently released market study: Construction in New Zealand - Key Trends and Opportunities to 2017


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2014-01-04 05:33:33 - New Construction research report from Timetric is now available from Fast Market Research

New Zealand's construction industry recorded a CAGR of -1.49% during the review period and valued NZD33.9 billion (US$27.4 billion) in 2012. The construction industry is one of the key industries for New Zealand's economy, contributing more than 4.5% of the country's GDP. The industry also provides employment directly or indirectly to around 170,000 people, accounting for 7% of the country's total workforce. The outlook for construction is positive due to the government's focus on the country's infrastructure and residential construction. The infrastructure and residential construction markets collectively accounted for 74.8% of the total industry's value in 2012. Reconstruction and modernization work, following the 2010 and 2011 earthquakes will support industry growth, with output expected to record a forecast-period CAGR of

8.55%, valuing NZD51.1 billion (US$42.4 billion) in 2017.

Full Report Details at
- www.fastmr.com/prod/759574_construction_in_new_zealand_key_trend ..

Key Highlights

* According to Statistics New Zealand, the seasonally adjusted total value of building work rose by 16.9% in real terms, from NZD1.7 billion in the second quarter of 2012 to NZD2 billion in the second quarter of 2013. The construction of residential buildings output rose by 17.1% in the second quarter of 2013, compared with the same period in 2012, whereas non-residential buildings output increased by 16.5% during the same period. The forecast-period outlook for construction in New Zealand remains positive due to low interest and unemployment rates, reconstruction and modernization work following the 2011 earthquake, and enhancements in regional and global economic conditions. The government also initiated a number of infrastructure construction projects and the rising demand for housing is expected to encourage investments in residential construction market.
* The Canterbury region of New Zealand was struck by an earthquake in February 2011 and Christchurch, New Zealand's second most populous city, was the worst affected. The earthquake caused damage to infrastructure, consequently reconstruction works is expected to support the infrastructure construction over the forecast period. This is based on, there being an over-demand for construction services in New Zealand; this demand is expected to peak in 2016 and decline thereafter.
* The travel and tourism sector plays a significant role in New Zealand's economy, in terms of its contribution to GDP and employment. According to the World Travel and Tourism Council (WTTC), the tourism sector contributed 14.9% to the total GDP and 19.1% to the total employment in New Zealand in 2012. Tourism is the second-largest earner of foreign exchange in New Zealand. Several recent campaigns, including '100% Middle Earth, 100% Pure New Zealand' and 'Go All the Way', were successful in attracting tourists; tourism sector growth will support leisure and hospitality buildings construction over the forecast period.
* New Zealand's economy is expected to grow by 2.7% in FY2014 (ending March), led by strong domestic demand and an anticipated recovery in the growth of New Zealand's key trading partners. Rebuilding work, following the Christchurch earthquake will continue to support investment in the early part of the forecast period, but will slowdown from 2015 onwards. Healthy growth in domestic investment and consumption, as well as improvement in exports will support overall economic growth.

Scope

This report provides a comprehensive analysis of the construction industry in New Zealand:

* Review (2008-2012) and forecast (2013-2017) valuations of the construction industry in New Zealand 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 analysis
* Detailed profiles of the leading construction companies in New Zealand

Reasons to Get this Report

* Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
* Assess market growth potential at a micro-level via 600+ time series data forecasts
* Understand the latest industry and market trends
* Formulate and validate business strategies by leveraging our critical and actionable insight
* Assess business risks, including cost, regulatory and competitive pressures
* Evaluate competitive risk and success factors

Companies Mentioned in this Report: Opus International Consultants Ltd, Beca Group Ltd, Beacon Construction Ltd, Fulton Hogan Ltd, Sicon Ltd

About Timetric

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

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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