Australia Infrastructure Report

Published 11 August 2015

  • 147 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Australia Infrastructure Report

BMI View: Australia's residential building sector will continue to prop up wider construction activity over 2015, but growth will not be sustainable at current levels as we expect a slowdown in the housing market beyond 2016. Growth will also be weighed by political risks, a slowdown in the mining sector and a decline in competitiveness.

Key Trends And Developments

  • We remain positive over growth for the sector in 2015, although our 2.9% growth forecast for the construction sector is still lower than the 10-year historical average of 4.4% (between 2004 and 2013).

  • We believe growth will be supported by the residential building segment. This is due to favourable monetary conditions and also the delayed impact of dwelling units being approved, but has yet to start construction. We highlight the sector's growth will not be sustainable.

  • Meanwhile, we believe various headwinds which we have highlighted previously will continue to persist. Heightened political risks have resulted in significant uncertainty regarding policy continuity, particularly with the Liberal-National Party losing popularity.

  • A slowdown in Australia's mining sector, which has a negative impact from a slowdown in China, has resulted in capital expenditure cuts by major Australian miners. A lack of competitiveness in Australia's engineering construction projects due to costs will also deter foreign investment.

  • Beyond 2015, we expect a key growth area to be road construction, as supported by the government's push for roadworks through the AUD40bn (USD31.1bn) road infrastructure package. This is reflected in our forecasts, with the segment accounting for more than 56.9% of the transport industry value. Airports and gas pipelines will also provide significant growth opportunities.

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Australia 2013-2018)
10
Table: Construction And Infrastructure Industry Data (Australia 2019-2024)
11
Transport Infrastructure - Outlook And Overview
20
Table: Transport Infrastructure Industry Data (Australia 2013-2018)
20
Table: Transport Infrastructure Industry Data (Australia 2019-2024)
21
Table: Competitiveness Of Australia's Infrastructure
22
Table: Liberal-National Coalition Proposed Federal Funding Plans For Transport Infrastructure, By Year, By State, AUDmn
24
Table: Australia - Federal Expenditure On Infrastructure, AUDbn
26
Major Projects Table - Transport
39
Table: Major Projects - Transport Infrastructure
39
Energy And Utilities Infrastructure - Outlook And Overview
59
Table: Energy And Utilities Infrastructure Data (Australia 2013-2018)
59
Table: Energy And Utilities Infrastructure Data (Australia 2019-2024)
60
Major Projects - Energy & Utilities
68
Table: Key Projects: Energy & Utilities
68
Residential/Non-Residential Building - Outlook And Overview
77
Table: Residential and Non-Residential Building Industry Data (Australia 2013-2018)
77
Table: Residential and Non-Residential Building Industry Data (Australia 2019-2024)
77
Major Projects Table - Residential/Non-Residential Construction
86
Table: Key Projects: Construction & Social Infrastructure
86
Industry Risk Reward Ratings
104
Australia - Infrastructure Risk/Reward Index
104
Rewards
104
Risks
104
Industry Risk Reward Ratings
105
Market Overview
113
Competitive Landscape
113
Table: EQS Industry Data
113
Company Profile
117
Leighton Holdings
117
WorleyParsons
127
Global Infrastructure Overview
133
Global Industry Overview
133
Table: Infrastructure Key Themes 2015
133
Table: Asia: Key Reforms
138
Methodology
140
Industry Forecast Methodology
140
Sector-Specific Methodology
141
Risk/Reward Index Methodology
145
Sector-Specific Methodology
146
Table: Infrastructure Risk/Reward Index Indicators
146
Table: Weighting Of Indicators
147

The Australia Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Australia Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Australian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Australia to test other views - a key input for successful budgetary and planning in the Australian infrastructure market.
  • Target business opportunities and risks in the Australian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Australia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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