The "New Zealand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The publisher expects New Zealand's construction industry to grow by 1.6% in real terms in 2024, before recording an average annual growth of 3.8% from 2025 to 2028, supported by investment in transport, energy, and housing projects.
Funding of NZD21 billion ($12.9 billion) from 2024 to 2027 as part of the draft Government Policy Statement (GPS) on land transport, will provide support to the sector. This would be a potential increase of 34.2% compared to the funding of NZD15.6 billion ($9.6 billion) from 2021 to 2024. The current government has, however, signalled its intention to adjust the GPS on land transport, though investment levels are expected to remain robust. The government has outlined its aim to construct a rapid transit network in Auckland, including the completion of the City Rail Link, and start work on a Northwest Rapid Transit corridor.
The industry's growth over the forecast period will also be supported by investment in transport, energy, housing, health, and education infrastructure projects. New Zealand aims to meet 100% of its electricity demand from renewable sources by 2030 and achieve net-zero emissions target by 2050.
Growth in the residential sector will be supported by investment as part of the ''Public Housing Plan", which aims to increase public housing supply in the country, with a special focus on areas that are experiencing high rates of population growth. The Ministry of Housing unveiled its "Updated Public Housing Plan: 2024 -2025" in late September 2023, outlining the locations of the 3,000 public homes that will be built by 2025.
Scope
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in New Zealand, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the 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 the critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
- About the Publisher
- Contact the Publisher
List of Tables
Table 1: Construction Industry Key Data
Table 2: New Zealand, Key Economic Indicators
Table 3: New Zealand, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: New Zealand, Top Commercial Construction Projects by Value
Table 5: New Zealand, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: New Zealand, Top Industrial Construction Projects by Value
Table 7: New Zealand, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: New Zealand, Top Infrastructure Construction Projects by Value
Table 9: New Zealand, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: New Zealand, Top Energy and Utilities Construction Projects by Value
Table 11: New Zealand, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: New Zealand, Top Institutional Construction Projects by Value
Table 13: New Zealand, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: New Zealand, Top Residential Construction Projects by Value
Table 15: New Zealand, Key Contractors
Table 16: New Zealand, Key Consultants
Table 17: New Zealand, Construction Output Value (Real, $ Million)
Table 18: New Zealand, Construction Output Value (Nominal, NZD Million)
Table 19: Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Australasia, Construction Output (Real % Change), 2022-28
Figure 2: New Zealand, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: New Zealand, Risk Summary
Figure 4: New Zealand, Risk Regional Comparison
Figure 5: New Zealand, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: New Zealand, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: New Zealand, Construction Value Add, (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 8: New Zealand, Total Value of Building Work Put in Place, % Change YoY
Figure 9: New Zealand, Gross Fixed Capital Formation, (NZD million, 2009/2010 Chain-Volume Measures)
Figure 10: New Zealand, Total Value of Building Consents Issued, In NZD Million
Figure 11: New Zealand, Construction Projects Momentum Index
Figure 12: Australasia, Construction Projects Momentum Index
Figure 13: New Zealand, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 14: New Zealand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: New Zealand, Accommodation and Food Services Value Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 16: New Zealand, Retail and Wholesale Trade Value Add (2009/2010 Chain-Volume Measures, NZD Billion)
Figure 17: New Zealand, Total Value of Commercial Buildings Put in Place, NZD Million
Figure 18: New Zealand, Foreign Tourist Arrivals (In Thousands)
Figure 19: New Zealand, Retail Sales (NZD Billion)
Figure 20: New Zealand, Total Value of Commercial Building Consents Issued, In NZD Million
Figure 21: New Zealand, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 22: New Zealand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: New Zealand, Manufacturing Value Add (NZD Million, Seasonally Adjusted 2009/2010 Chain-Volume Measures)
Figure 24: New Zealand, Mining Value Add (NZD Million, 2009/2010 Chain-Volume Measures)
Figure 25: New Zealand, Value of Industrial Building Consents Issued (NZD million)
Figure 26: New Zealand, Performance of Manufacturing Index, Seasonally Adjusted
Figure 27: New Zealand, Total Overseas Merchandise Export (NZD Billion)
Figure 28: New Zealand, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 29: New Zealand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: New Zealand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: New Zealand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: New Zealand, Electricity Generation and Consumption, % Change YoY
Figure 33: New Zealand, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 34: New Zealand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: New Zealand, Education Value Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 36: New Zealand, Healthcare Value Add, 2009/2010 Chain-Volume Measures (NZD Million)
Figure 37: New Zealand, Healthcare and Educational Buildings Put in Place, % Change YoY
Figure 38: New Zealand, Value of Institutional Building Consents Issued (NZD Million)
Figure 39: New Zealand, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 40: New Zealand, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 41: New Zealand, Total Value of Residential Building Work Put in Place, NZD Million
Figure 42: New Zealand, Total Number of New Dwellings Consented
Figure 43: New Zealand, House Sales, in Thousands
Figure 44: New Zealand, Housing Price Index (HPI)
Figure 45: New Zealand, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 46: New Zealand, Headquarters of Key Consultants (% of Total Project Pipeline)
For more information about this report visit https://www.researchandmarkets.com/r/u6vka3
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