Construction in New Zealand

May 2025 | 41 pages | ID: CA6334408B5EN
MarketLine

Abstracts

Construction in New Zealand

Summary

Construction in New Zealand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
• The New Zealand construction industry recorded revenues of $57.2 billion in 2024, representing a compound annual growth rate (CAGR) of 5.2% between 2019 and 2024.
• The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $32.2 billion, equivalent to 56.3% of the industry's overall value.
• In 2024, the New Zealand construction industry recorded an annual contraction of 5.4%. The contraction is attributed to a decline in residential construction activity. Rising construction costs, combined with high interest rates and tighter lending conditions, led to a slowdown in new housing permits. According to New Zealand, in June 2024, the housing building permits in New Zealand reached 2,350, down from 2,930 in February 2024.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in New Zealand
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in New Zealand
• Leading company profiles reveal details of key construction market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the New Zealand construction market with five year forecasts

Reasons to Buy

• What was the size of the New Zealand construction market by value in 2024?
• What will be the size of the New Zealand construction market in 2029?
• What factors are affecting the strength of competition in the New Zealand construction market?
• How has the market performed over the last five years?
• What are the main segments that make up New Zealand's construction market?

Companies Mentioned

Fletcher Building Ltd
Fulton Hogan Ltd
HEB Construction Ltd
Downer New Zealand Ltd

Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?

8 COMPANY PROFILES

8.1. Fletcher Building Ltd
8.2. Fulton Hogan Ltd
8.3. HEB Construction Ltd
8.4. Downer New Zealand Ltd

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES
Table 1: New Zealand construction industry value: $ million, 2019-24
Table 2: New Zealand construction industry category segmentation: % share, by value, 2019-24
Table 3: New Zealand construction industry category segmentation: $ million, 2019-24
Table 4: New Zealand construction industry geography segmentation: $ million, 2024
Table 5: New Zealand construction industry value forecast: $ million, 2024-29
Table 6: Fletcher Building Ltd: Key Facts
Table 7: Fletcher Building Ltd: Annual Financial Ratios
Table 8: Fletcher Building Ltd: Key Employees
Table 9: Fulton Hogan Ltd: Key Facts
Table 10: Fulton Hogan Ltd: Key Employees
Table 11: HEB Construction Ltd: Key Facts
Table 12: HEB Construction Ltd: Key Employees
Table 13: Downer New Zealand Ltd: Key Facts
Table 14: Downer New Zealand Ltd: Key Employees
Table 15: New Zealand Size of Population (Million), 2020-24
Table 16: New Zealand Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: New Zealand GDP (Current Prices, $ Billion), 2020-24
Table 18: New Zealand Inflation, 2020-24
Table 19: New Zealand Consumer Price Index (Absolute), 2020-24
Table 20: New Zealand Exchange Rate, 2019-24

List Of Figures

LIST OF FIGURES
Figure 1: New Zealand construction industry value: $ million, 2019-24
Figure 2: New Zealand construction industry category segmentation: $ million, 2019-24
Figure 3: New Zealand construction industry geography segmentation: % share, by value, 2024
Figure 4: New Zealand construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in New Zealand, 2024
Figure 6: Drivers of buyer power in the construction industry in New Zealand, 2024
Figure 7: Drivers of supplier power in the construction industry in New Zealand, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in New Zealand, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in New Zealand, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in New Zealand, 2024