Industry Analysis & Industry Trends
The Road and Bridge Construction industry has performed strongly since the mid-2000s, driven principally by federal and state road funding 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 2.2% over the five years through 2013-14 to total $14.6 billion. This includes an upswing by 6.6% in 2013-14 driven by construction activity on new housing subdivisions and ongoing major roadworks... 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 very large-scale, multi-disciplined engineering construction firms. The four largest players account for almost 40% of annual industry revenue, including the largest state road authorities of New South Wales (Roads and Maritime Services NSW) and Victoria (VicRoads).
There has been significant rationalisation of ownership at the top end of the industry over the past 15 years. Leighton Holdings Limited added John Holland and Transfield Services Limited to its stable of firms in the early 2000s and Lend Lease Group acquired the operations of Valemus Australia in 2010 (including Abigroup and Baulderstone)... purchase to read more