$41.5bn
$X.Xbn
58,425
2,613
$X.Xbn
Leading construction companies are riding a wave of road construction thanks to record-breaking investment in landmark developments like the WestConnex motorway in Sydney, the West Gate Tunnel in Melbourne and the Coomera Connector (Second M1) on the Gold Coast. An injection of public funding and progress on landmark public-private partnership (PPP) developments has lifted the Road and Bridge Construction industry to unprecedented levels. Industry revenue is expected to climb at an annualised 4.4% through 2023-24 to reach a record $41.5 billion.
Industry revenue has grown at a CAGR of 4.4 % over the past five years, to reach an estimated $41.5bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Transport for NSW | 4,700.0 | |
CIMIC | 2,900.0 | |
Transport for Victoria | 1,764.0 |
To view the market share and analysis for all 12 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Road and tunnel construction, Bridge, overpass and other construction and Maintenance and repairs to infrastructure. Road and tunnel construction is the largest segment of the Road and Bridge Construction in Australia.
An injection of funding has boosted new road and tunnel construction
Industry firms construct, repair and maintain roads, bridges, aerodrome runways and parking lots. Firms also carry out the quarrying of earth, soil or filling, in conjunction with road or bridge construction.
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ANZSIC 3101 - Road and Bridge Construction in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Work on landmark road projects like the WestConnex in Sydney and the WestGate Tunnel in Melbourne have underpinned an unprecedented level of industry activity. Road construct...
Learn about an industry's products and services, markets and trends in international trade.
Two-thirds of industry revenue is derived from constructing new road projects, including multi-lane highways, toll roads and local street networks. The start-up of landmark r...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria's share of national road construction has recently risen with the start of major road projects. Still, the state's concentrated population has historically contribut...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Contractors must demonstrate a proven capacity to complete projects on time, within budget and meeting technical specifications. Price becomes a point of differentiation once...
Learn about the performance of the top companies in the industry.
The state road authorities, like Main Roads WA and VicRoads, retain pivotal roles in promoting, designing and managing major road construction projects. Road authorities incr...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Constructing roads on new residential subdivisions is a core source of revenue for many small-scale contractors. A recent hike in mortgage interest rates and the end of the H...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins have widened in response to record road, bridge and tunnel construction activity. Still, escalating input costs from pandemic-related supply chain blockages ha...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Road and Bridge Construction industry in Australia is $41.5bn in 2024.
There are 2,613 businesses in the Road and Bridge Construction industry in Australia, which has grown at a CAGR of 2.4 % between 2018 and 2023.
The market size of the Road and Bridge Construction industry in Australia has been growing at a CAGR of 4.4 % between 2018 and 2023.
Over the next five years, the Road and Bridge Construction industry in Australia is expected to decline.
The biggest companies operating in the Road and Bridge Construction market in Australia are Transport for NSW, CIMIC and Transport for Victoria
Road and tunnel construction and Bridge and overpass construction are part of the Road and Bridge Construction industry.
The company holding the most market share in Australia is Transport for NSW.
The level of competition is high and steady in the Road and Bridge Construction industry in Australia.