Industry Analysis & Industry Trends
Infrastructure maintenance deals with guaranteeing that infrastructure remains useful and does not include alterations and upgrades. As most infrastructure is built with the intention of lasting a long time, the industry has a rare advantage of near constant growth. The number of infrastructure projects in Australia continues to increase in line with the development of the Australian economy and society. When a piece of infrastructure is abandoned or demolished, it is replaced with superior technology. Hence, the level of maintenance required is sustained in some way.
Over the past five years, industry firms have been able to take advantage of infrastructure construction occurring in the mining and energy sectors... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is growing. Over the 10 years through 2018-19, industry gross product is expected to increase at a compound annual 5.1%, while GDP is expected to grow at a compound annual 2.5%. This means that the industry's contribution to GDP is expected to increase significantly. Establishment numbers are also expected to grow in line with increasing demand, as the number of infrastructure projects continues to grow. Project and market growth is expected to emerge from a growing effort to privatise public infrastructure, which will fund the construction of new infrastructure.
Technology is changing at a moderate pace, as new equipment and tools are required for new pieces of infrastructure... purchase to read more