Forecast: Heavy and Civil Engineering Value Added in Australia

From 2013 to 2023, the Heavy and Civil Engineering sector in Australia displayed fluctuating growth. In 2023, the value added by this sector stood at 24.48 billion AUD. Throughout this period, year-on-year variations show initial growth, a contraction between 2015-2017, slight increases onward, and a significant resurgence in 2022. Over the past two years (2022-2023), the sector experienced steady growth of 4.99%, showcasing a robust recovery phase. Meanwhile, the five-year compound annual growth rate (CAGR) from 2018 to 2023 stands at 4.5%, indicating overall positive momentum.

The forecast from 2024 to 2028 suggests continued growth, with the sector expected to reach 30.19 billion AUD by 2028, reflecting a forecasted five-year CAGR of 3.31%. Future trends to watch include the impact of infrastructure policies, technological advancements in construction, and economic factors such as investment in public works and urban development projects. Sustainable construction practices and green engineering initiatives are likely to play a key role in shaping the industry's trajectory.

  • 2013-2023 witnessed initial growth, a mid-period contraction, and a significant resurgence in later years.
  • 2023 value: 24.48 billion AUD.
  • Last two years’ growth: 4.99%.
  • Five-year CAGR (2018-2023): 4.5%.
  • Forecasted five-year CAGR (2024-2028): 3.31%.

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