Monday, June 13th, 2016

Get Complete report @ Construction in New Zealand – Key Trends and Opportunities to 2020

New Zealand’s construction industry will continue to expand in real terms over the forecast period (2016–2020), with investment in infrastructure construction, healthcare, education facilities and housing projects continuing to drive growth. Growth will also be driven by the Thirty-Year New Zealand Infrastructure Plan 2015, through which the government aims to develop the country’s road, rail, and airport infrastructure.

In real terms, the industry’s output value rose at a compound annual growth rate (CAGR) of 6.60% during the review period (2011–2015), although this is expected to decelerate slightly to 6.07% over the forecast period.

Industry growth will be supported by government and private sector investments to modernize the country’s transport infrastructure and renewable energy sector. Population growth will also create fresh demand for residential construction

The government plans to invest NZD157.3 billion (US$110.0 billion) in infrastructure through the Thirty-Year New Zealand Infrastructure Plan to develop road and rail infrastructure.

A government fund to develop areas affected by earthquakes will support industry growth over the forecast period. It plans to invest NZD15.2 billion (US$10.6 billion) in redevelopment by 2018.

Timetric’s Construction in New Zealand – Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the New Zealand's construction industry including:

• New Zealand's construction industry's growth prospects by market, project type and construction activity

• Analysis of equipment, material and service costs for each project type in New Zealand

• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the New Zealand's construction industry

• Profiles of the leading operators in the New Zealand's construction industry

• Data highlights of the largest construction projects in New Zealand

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

• Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in New Zealand using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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

• Detailed profiles of the leading construction companies in New Zealand

Reasons To Buy 
• Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

• Assess market growth potential at a micro-level with over 600 time-series data forecasts.

• Understand the latest industry and market trends.

• Formulate and validate strategy using Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

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Key Highlights 
• New Zealand’s infrastructure construction market will benefit from the government’s Thirty-Year New Zealand Infrastructure Plan 2015 which allocates NZD157.3 billion (US$110.0 billion) to infrastructure construction. Planned projects include the Auckland City Rail Link (CRL), the Auckland Western Ring Route, the Panmure Corridor, and the Wellington Transmission Gully.

• Residential property prices are rising constantly. According to the 12th Annual Demographia International Housing Affordability Survey, Auckland ranked as the world’s fifth-most-expensive city for residential property in 2016; up from ninth place in 2015.

• With the aim of providing affordable houses to middle- and low-income earners, the government established the Social Housing Reform Program (SHRP). In November 2015, the government announced that the program will build 1,000 social houses in Auckland by the end of 2018.

• Energy and utility construction is expected to benefit from the government’s aim to increase the share of renewable sources in the country’s total energy mix under the Energy Strategy 2011–2021. The share of renewable electricity will rise from 80.0% of the total energy mix in 2015 to 90.0% by 2025. Accordingly, the government aims to increase the capacity of hydro, solar and geothermal power plants by 2020 under a PPP model.

• Government focus on the development of the healthcare and education will drive growth in the institutional construction market over the forecast period. Despite a weak economic performance, the government increased total spending on education and healthcare by 3.0%.


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Norah Trent
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New Zealand Construction Industry, New Zealand Construction Market, New Zealand Construction 2020, New Zealand Construction market 2020 forecast, Market Research Future, market research reports




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