- The key vendors in the construction outlook market in Australia 2015-2019 are ADCO Constructions Pty Ltd., AV Jennings Ltd., BCI Group, Bechtel Corp. and Devine Constructions Pty Ltd.
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the construction outlook market in Australia 2015-2019. Consumers are now inclined toward green buildings for new constructions as well as renovations. A greater focus on both conserving energy and reducing energy costs is leading to high demand for green buildings in Australia. Also, emergence of green bonds is driving the growth of the green buildings market. The construction outlook market in Australia 2015-2019 is expected to grow at a CAGR of 6.3% during the period of 2014-2019.
Growth in the sector is largely led by demand for construction from the transportation sector, the residential sector, and new office spaces. Growth in the sector is also fueled by easing up of lending standards at the banks, which eventually is making finances available for construction projects as well for the first-time home buyers.
“Recycling and reuse of materials is turning into a standard industry practice in the construction market in Australia,” says Faisal Ghaus, Vice President of Technavio Research.
“Companies such as Earthcare, Capital Recycling, and Alex Fraser are reusing building wastes such as timber, concrete, asphalt, plasterboard, steel, bricks, ceramics, and clay tiles generated from construction and demolition process.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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