The Australian construction market, valued at around $190.5 billion in 2023, is poised for steady growth, with an average annual growth rate (AAGR) exceeding 2% forecasted from 2025 to 2028. As we approach 2025, we’re highlighting key opportunities expected to fuel the industry’s expansion in the coming years.
- Renewable Energy
- Growth Rate: The global renewable energy market is expected to grow at a CAGR of 8.91% from 2022 to 2027.
- Investment: Global investment in renewable energy reached $303.5 billion in 2020.
- Opportunities: Construction of solar farms, wind turbines, hydroelectric plants, and related infrastructure.
- ROI: Renewable energy projects can offer attractive returns on investment, with solar and wind power now cheaper than new coal and gas plants in many regions.
- Healthcare
- Growth Rate: The global healthcare construction market is projected to grow at a CAGR of 6.5% from 2021 to 2028.
- Spending: Global healthcare spending is expected to reach over $10 trillion by 2022.
- Opportunities: Building hospitals, clinics, research facilities, and senior living communities.
- ROI: Healthcare construction projects can offer stable, long-term returns as demand for medical facilities continues to rise globally.
- Data Centres
- Growth Rate: The data centre construction market is anticipated to grow at a CAGR of 9.3% from 2021 to 2028.
- Investment: Global data center investment hit $35 billion in 2020.
- Opportunities: Construction of large-scale data centres, server farms, and IT infrastructure.
- ROI: Data centre construction can provide reliable, long-term returns as demand for digital infrastructure continues to surge.
- E-commerce Warehousing
- Growth Rate: The e-commerce logistics market is projected to grow at a CAGR of 20.4% from 2021 to 2026.
- Spending: E-commerce warehousing and logistics spending reached $200 billion in 2020.
- Opportunities: Developing warehouses, distribution centres, and fulfilment centres.
- ROI: E-commerce warehousing projects can offer high returns as online shopping continues to grow rapidly worldwide.
- Infrastructure Development
- Growth Rate: Global infrastructure spending is expected to reach $94 trillion by 2040.
- Investment: Annual global infrastructure investment needs are estimated at $3.7 trillion.
- Opportunities: Building bridges, roads, railways, airports, and ports.
- ROI: Infrastructure projects can provide stable, long-term returns as governments and private investors prioritise upgrading and expanding critical transportation and utility networks.
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