Industry Analysis & Industry Trends
The performance of the Road and Bridge Construction industry has fluctuated widely since the mid-2000s reflecting the impact of the start-up and completion of large-scale motorway, bridge and tunnel developments. The industry has been supported by solid growth in investment by the federal and state governments but adversely influenced by the decline in private sector investment into public toll roads. Despite slowing over the past five years, the industry is operating at near record levels of activity.
Industry revenue is projected to grow by an annualised 2.0% over the five years through 2014-15 to total $13.4 billion. This includes a forecast upswing of 6.8% in 2014-15, driven by construction activity on new housing subdivisions and ongoing work on major road developments... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low level of concentration of ownership. This includes the state and territory road authorities and several large-scale, multi-disciplined engineering construction firms. The four largest players, which include the NSW and Victorian road authorities, account for almost 40% of industry revenue in 2014-15.
There has been greater concentration of ownership at the top end of the industry over the past 15 years. In the early 2000s, Leighton Holdings Limited added John Holland and Transfield Services Limited to its stable of firms. In 2010-11, Lend Lease Group acquired the operations of Valemus Australia (including Abigroup and Baulderstone)... purchase to read more