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 - Starting a New Business Chapter
The existing large-scale participants have the size and market dominance (through their networks and reputation) to possibly deter newcomers. The tendering process for public contracts favours existing operators with a proven track record and a good understanding of dealing with public authorities.
Competitors for large-scale projects must be at the forefront of technological developments in the machinery and materials used. New entrants lacking access to these technologies would find it difficult gaining a foothold in the market. However, technologically advanced global players may quickly establish a presence... purchase to read more