Govt to Boost Social Construction in Australia, According to New Report Published at MarketPublishers.com17 Aug 2011 • by Natalie Aster
In 2011, the Australian construction industry is expected to recover and stabilize as a result of a large government stimulus package which is aimed to increase infrastructure spending, create jobs and increase the availability of credit. During the same period, private-sector spending on construction is also anticipated to improve. Both these factors are likely to have a direct and indirect impact on the construction industry, with the creation of jobs and access to credit expected to increase the housing construction and infrastructure construction markets. During the forecast period, ICD expects the Australian construction industry to increase at a CAGR of XX.XX%.
The report “The Future of Construction in Australia to 2015: Government’s AUD45.8 Billion Stimulus Package to Increase Social Construction Projects” by iCD Research provides a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors. It is an essential tool for companies active across the Australian construction value chain and for new competitors considering entering the industry.
The global financial crisis affected expansion of the construction industry in Australia. In 2010, industry growth slowed to XX.XX% compared with stronger growth of XX.XX% recorded in 2009 and XX.XX% in 2008. Various issues affected the industry’s growth, including labor and capital supply constraints and high construction costs. Commercial and industrial construction in the country also contributed to the decline in growth as the shortage of working capital resulted in clients delaying tenders and cancelling planned project developments.
Published: July, 2011
Price: US$ 1,250.00
Report Sample Abstract
In 2010, the largest market in the Australian construction industry was infrastructure construction, with a share of XX.XX%. In terms of growth, the institutional construction market registered the highest review period CAGR of XX.XX% and is expected to record a CAGR of XX.XX% during the forecast period. Infrastructure construction was the second fastest market during the review period, growing at a CAGR of XX.XX%.
Historic Industry Value Review
In 2010, the Australian construction industry was valued at AUDXX.XX billion, which represented an increase of XX.XX% compared with 2009. During the review period, the industry achieved a CAGR of XX.XX%.
Historic Industry Segmentation Review
In 2010, the largest market in the Australian construction industry was infrastructure construction, with a value of AUDXX.XX billion, equal to XX.XX% of the total construction industry. The second-largest market was residential construction, with a value of AUDXX.XX billion, followed by commercial construction, with a value of AUDXX.XX billion. Institutional construction was the fastest-growing market in the Australian construction industry during the review period, with a CAGR of XX.XX%, followed by infrastructure construction with a CAGR of XX.XX%, and residential construction with a CAGR of XX.XX%.
Industry Value Forecast
By 2015, ICD expects the Australian construction industry to reach a value of AUDXX.XX billion, compared with AUDXX.XX billion in 2010. The industry is forecast to achieve a CAGR of XX.XX% during the forecast period.
Industry Segmentation Forecast
By 2015, infrastructure construction is forecast to be the largest market in the industry, with a market value of AUDXX.XX billion and a market share of XX.XX%, representing an increase of XX.XX percentage points compared with 2010. The second-largest market is forecast to be residential construction, with a market share of XX.XX%.
More information can be found in the report “The Future of Construction in Australia to 2015: Government’s AUD45.8 Billion Stimulus Package to Increase Social Construction Projects” by iCD Research.
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