Industry Analysis & Industry Trends
The Road and Bridge Construction industry has performed strongly since the mid-2000s, driven principally by federal and state government funding into roads and private sector investment into public toll roads. Despite slowing over the past five years, the industry is operating at near record levels of activity. This has paved the way for extensive multiplier effects throughout the local and general economies and improved efficiency and safety for road users.
Industry revenue is projected to grow by an annualised 5.5% over the five years through 2014-15 to total $15.9 billion. This includes an upswing by 7.4% on the previous year driven by construction activity on new housing subdivisions and ongoing major roadworks... purchase to read more
Industry Report - Starting a New Business Chapter
The existing large-scale participants have a size and market dominance (through networking and reputation), which is likely to deter newcomers. The tendering process for public contracts favours existing operators with a proven track record and a good understanding of dealing with the public authorities.
Competitors for large-scale projects must be at the forefront in 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