Market Size of Australia Transportation Infrastructure Construction Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 25.80 Billion |
| Market Size (2029) | USD 33.65 Billion |
| CAGR (2024 - 2029) | > 5.45 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Australia Transportation Infrastructure Construction Market Analysis
The Australia Transportation Infrastructure Construction Market size is estimated at USD 25.80 billion in 2024, and is expected to reach USD 33.65 billion by 2029, growing at a CAGR of greater than 5.45% during the forecast period (2024-2029).
The Australian economy was hit hard by the country's response to the global pandemic, which resulted in lockdowns and regulations. Due to their low cost and excellent efficiency, Australia became more reliant on importing building materials and equipment from elsewhere, mainly China, in the previous 10 years. Manufacturing output and export volume fell sharply in February and March 2020 as enterprises in China were forced to close to avoid the spread of COVID-19. Due to restrictions on people's travel and, in some cases, compulsory business closures to prevent the spread of the disease, suppliers from other regions of the world delayed or ceased industrial output.
In 2021-2022, the Government of Australia announced that the budget included AUD 15.2 billion (USD 11.85 billion) for infrastructure projects over the next 10 years, supporting over 30,000 jobs. This was expected to help the implementation of road, rail, and community infrastructure projects across Australia. The investment comprises AUD 13.2 billion (USD 8.84 Billion) for major infrastructure projects and AUD 2 billion (USD 1.34 Billion) for local projects included under the Road Safety Programme and the Local Roads and Community Infrastructure Programme. Among essential rail projects, the Metronet program in Western Australia and Canberra's Light Rail Stage 2A in the Australian Capital Territory will benefit from the Government's commitment.
The financing is in addition to the Government's significant existing investment in projects that will define the success of local communities for years to come, including the Western Sydney International (Nancy-Bird Walton) Airport, which is due to open in 2026, Sydney Metro Western Sydney Airport and the Melbourne Airport Rail Link. More than 220 major Australian Government-funded projects are currently under construction. With this budget, the Australian Government has provided AUD 170 billion (USD 113 Billion) in funding for the infrastructure since 2013. This funding will support delivering a 10-year AUD 110 billion (USD 85.74 billion) infrastructure investment pipeline and investing in the future.
