Australia Transportation Infrastructure Construction Market Report and Forecast 2024-2032

Australia Transportation Infrastructure Construction Market Outlook

The Australia transportation infrastructure construction market size is projected to grow at a CAGR of 6.77% between 2024 and 2032.

Key Takeaways:

• According to IPA, in 2023, Australian budget allocated USD 2.2 Billion to transport infrastructure which spans across the next four years.

• Further, the budget allocates an additional USD 1.1 billion to the ongoing road maintenance and safety programs.

• According to ABS, population of Australia is expected to reach between 34.3 and 45.9 million by 2071.

Recent developments carried out by the Australian government across the railway and airway are expected to drive the growth of the Australia transportation infrastructure market

The Australian Government invested in WSI and established a Commonwealth company, the Western Sydney Airport Corporation (WSA Co), aiming to deliver the airport by 2026. Construction of Western Sydney International Airport (WSI) is ongoing and is expected to become operational by 2026. The airport is expected to create significant economic activity, and employment opportunities that will meet growing aviation needs of Sydney.

According to UITP, approximately three-fifth of Australia's public transportation trips take place on heavy rail, and approximately two-fifth take place on buses. Significant opportunities for transport infrastructure exist in Australia due to the country's unique combination of prosperous megacities and incredibly distant rural areas. Although New South Wales is home to some of the first driverless shuttle services, Melbourne boasts the largest tram network in the world.

Furthermore, by prioritizing construction from Beveridge in Victoria to Parkes and Narromine in New South Wales by 2027, the Australian Government is delivering Inland Rail in a phased manner. Upon completion, Inland Rail will offer freight train operators a 1,600-kilometer inland railway that will cross eastern Australia. Trains can have a maximum length of 1,800 meters, which is equivalent to 110 B-Double trucks. The scheduled transit times between Melbourne and Brisbane will be less than 24 hours, which is up to 10 hours faster than the current coastal rail route connecting Sydney.

Australian Government focuses on the building of Inland Rail, with a focus on finishing Parkes and Narromine in New South Wales by 2027, after Beveridge in Victoria. When fully built, Inland Rail will give freight train operators a 1,600-kilometer inland railway that will cross eastern Australia's interior; maximum train lengths of 1,800 meters, or 110 B-Double trucks; and scheduled transit times between Melbourne and Brisbane of less than 24 hours, which is expected to be 10 hours faster than via the current coastal rail route that passes through Sydney.

Market Segmentation

Australia Transportation Infrastructure Construction Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Roadways

• Waterways

• Railways

• Airways

Market Breakup by Construction Type

• Renovation

• New Construction

Market Breakup by Application

• Urban

• Rural

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia transportation infrastructure construction market key players are John Holland Group Pty Ltd., ADCO Constructions Pty Ltd., Acciona Construction Australia Pty Ltd., CIMIC Group Limited (CPB Contractors), Built Holdings Pty Ltd., BESIX Watpac, and B.M.D. Constructions Pty Limited, among others.

Key Highlights of the Report