Weak foundations: Deteriorating demand from residential building has constrained revenue growth

Contractors in the Concreting Services industry play an integral role in constructing most types of buildings and structures. They pour, lay, place and shape concrete to form foundations, roads, structures and panels. The industry is one of the larger construction services industries in Australia, with revenue totalling an estimated $8.2 billion in 2017-18. The industry has grown by an annualised 0.8% over the past five years. This has occurred despite a sharp contraction by 6.4% in the current year due to deteriorating demand from the residential building market and the winding back of work in most infrastructure markets.Divergent trends in downstream construction markets have influenced the industry's performance over the past five years...read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
0.8%
Forecast Growth 18-23
Profit
Employment
27,800
Businesses
11,860
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Divergent construction trends have contained the industry’s performance
  • Demand from work on heavy and civil engineering has fluctuated widely over the past five years
  • Demand from new housing and apartment construction is forecast to strengthen from 2019-20 onwards
  • Industry Report - Industry Products Chapter

    The industry is involved in concreting work and concrete pouring on construction projects. Contractors place, spread, compact, finish and cure concrete for construction projects, including dwellings, non-residential buildings, roads, tunnels, bridges and marine structures.Foundation and paving concretingApproximately half of annual industry revenue is derived from providing foundation concreting services, such as constructing foundations, driveways and footpath paving. Foundation concreting activities span all segments of the construction market but are particularly prevalent in the residential and non-residential building construction markets. The paving of major arterial roads using reinforced concrete has been growing. The...purchase to read more.

    Additional Insights for the Concreting Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Concreting Services Industry are

  • Ability to expand and curtail operations rapidly in line with market demand
  • Having a good reputation
  • Ability to clearly specify requirements to suppliers/contractors
  • IBISWorld analysts also discuss how external factors such as Demand from commercial and industrial building construction and Demand from house construction in the Concreting Services industry impact industry performance..

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    What's in this report

    What is the Concreting Services Industry?

    Companies in this industry undertake concrete pouring or other concrete work on construction projects.

    Industry Products
  • Foundation and paving concreting
  • General concreting
  • Other concreting and construction
  • Industry Activities
  • Concrete footpath construction
  • Concrete foundation construction
  • Concrete kerb and guttering construction
  • Concrete pumping
  • Concrete work on construction projects
  • Repair of kerbs, gutters or other concrete structural products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from commercial and industrial building construction
  • Demand from house construction
  • Demand from heavy and civil engineering construction
  • year bond rate
  • Demand from institutional building construction
  • Demand from multi-unit apartment and townhouse construction

  • Current Performance
  • Residential building markets
  • Non-residential building markets
  • Engineering construction markets
  • Profitability
  • Participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential building markets
  • Non-residential building markets
  • Engineering construction markets
  • Profit and job growth
  • Table: Concreting Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Concreting Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • House Construction
  • Multi-Unit Apartment and Townhouse Construction
  • Road and Bridge Construction
  • Heavy Industry and Other Non-Building Construction
  • Commercial and Industrial Building Construction
  • Institutional Building Construction

  • Key Selling Industries
  • Cement and Lime Manufacturing
  • Hardware Wholesaling
  • Machinery and Scaffolding Rental
  • Ready-Mixed Concrete Manufacturing

  • Products & Services
  • Foundation and paving concreting
  • General concreting
  • Other concreting and construction
  • Chart: Concreting Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential builders and property managers
  • Non-residential builders, developers and property managers
  • Heavy industrial engineering firms
  • Chart: Major Market Segmentation for the Concreting Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Concreting Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Concreting Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Concreting Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Concreting Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total Building Work Done (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aggregate
  • Mineral materials, such as sand, stone and gravel that are used for making concrete.
  • Concrete Placement
  • The placing of a concrete batch on the construction site, typically in a form or mold for consolidation.
  • Concrete Slurry
  • Also known ready-mixed concrete, this concrete is batched and mixed away from the site of use, typically transported in a special transit mixer vehicle.
  • Consolidation
  • This process compacts concrete slurry within a form, with embedded items (e.g. pipes), reinforced and often vibrated to eliminate trapped air.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Concreting Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Concreting Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Concreting Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Concreting Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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