Dublin, Oct. 09, 2024 (GLOBE NEWSWIRE) -- The "New Zealand Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028" report has been added to ResearchAndMarkets.com's offering.
The construction industry in New Zealand is expected to decline in real terms by 1.9% in 2024, owing to major weakness in residential construction sector, coupled with high inflation and construction costs. According to Statistics New Zealand, the total value of residential consents issued fell by 9.4% year-on-year (YoY), in the first five months of 2024, following an overall annual fall of 16.5% in 2023.
The industry is however expected to rebound at an average annual growth rate of 3.4% from 2025 to 2028, supported by investments in transport, health, and education infrastructure projects. In June 2024, as part of the 'Government Policy Statement Land Transport 2024 (GPS 2024)' plan, the government announced an investment of NZD22 billion ($13.1 billion) until 2027 to modernize the transportation network in the country.
As of August 2024, the government reported that the country has NZD44 billion ($26.3 billion) of transport, water, and education infrastructure projects currently under construction. In May 2024, the government also announced its plan to develop a 30-year National Infrastructure Plan to fast forward implementation of infrastructure projects in the country.
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 analyst'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 the analyst's 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
For more information about this report visit https://www.researchandmarkets.com/r/ybeqq3
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