New Zealand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

New Zealand Construction Market Report Overview

The New Zealand construction market size was $56.3 billion in 2023. The market will achieve an AAGR of 3% during 2025-2028. The growth is attributed to the rising investment in transport, energy, housing, health, and education infrastructure projects.

New Zealand Construction Market Outlook, 2023-2028 ($ Billion)

New Zealand Construction Market Outlook, 2023-2028 ($ Billion)

Buy the Full Report to Know More about the New Zealand Construction Market Forecast

Download a Free Report Sample

The New Zealand construction market research report offers a comprehensive understanding of project types and construction activities in the country. The market report discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the New Zealand construction market growth in the coming years.

Market Size (2023) $56.3 billion
AAGR (2025-2028) 3%
Forecast Period 2025-2028
Historical Period 2018-2023
Key Sectors ·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Institutional Construction

·        Residential Construction

Key Contractors ·        Downer EDI Ltd.

·        Vinci SA

·        Fulton Hogan Ltd.

·        Hawkins Construction

·        Fletcher Building Ltd.

Key Consultants ·        Mott MacDonald Group Ltd.

·        Beca Group Ltd.

·        Jacobs Engineering Group Inc.

·        Resolve Group Ltd.

·        Tonkin + Taylor Pty Ltd.

·        WSP Global Inc.

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

New Zealand Construction Market Segmentation by Sectors

Residential construction was the leading sector in the New Zealand construction market in 2023

The key sectors in the New Zealand construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2023, the residential construction sector accounted for the highest market share, followed by infrastructure construction.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The public and private sector investment in road, rail, and airport projects across the country will support the sector’s growth during the forecast period.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction industry will recover over the forecast period owing to the rising investments in providing affordable and public housing units.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The government’s focus on the development of renewable energy infrastructure, as well as investment in water infrastructure and the oil and gas industry, will drive the sector growth between 2025 and 2028.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Factors such as investment in tourism, hotel, logistics, and data center projects will drive the commercial sector’s growth over the forecast period.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investments in the country’s industrial and manufacturing projects, coupled with an improvement in the country’s economy will drive the sector’s growth during the forecast period.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Factors such as improvement in private participation in the country’s education and healthcare sectors and growing investment in institutional development projects will fuel the sector growth in the coming years.

New Zealand Construction Market Analysis by Sectors, 2023 (%)

New Zealand Construction Market Analysis by Sectors, 2023 (%)

Buy the Full Report for more Sector Insights into the New Zealand Construction Market

Download a Free Report Sample

New Zealand Construction Market - Competitive Landscape

Downer EDI Ltd.was the leading contractor and Mott MacDonald Group Ltd was the leading consultant in the New Zealand construction market in 2023

A few of the leading contractors in the New Zealand construction market are:

  • Downer EDI Ltd.
  • Vinci SA
  • Fulton Hogan Ltd.
  • Hawkins Construction
  • Fletcher Building Ltd.

Domestic and foreign contractors account for an equal share of the overall project pipeline by value, featuring only projects for which a consultant has been appointed. Among foreign firms, firms based in Australia are the dominant contractors, followed by contractors from France and South Africa.

New Zealand Construction Market Analysis by Contractors, 2023 (%)

New Zealand Construction Market Analysis by Contractors, 2023 (%)

Buy the Full Report to Know More about the Contractors in the New Zealand Construction Market

Download a Free Report Sample

A few of the leading consultants in the New Zealand construction market are:

  • Mott MacDonald Group Ltd.
  • Beca Group Ltd.
  • Jacobs Engineering Group Inc.
  • Resolve Group Ltd.
  • Tonkin + Taylor Pty Ltd.
  • WSP Global Inc.

Consultants with headquarters within New Zealand are involved in most of the project pipeline by value.

New Zealand Construction Market Analysis by Consultants, 2023 (%)

New Zealand Construction Market Analysis by Consultants, 2023 (%)

Buy the Full Report to Know More about Consultants in the New Zealand Construction Market

Download a Free Report Sample

New Zealand Construction Market - Latest Developments

  • In January 2024, the renewable energy company, Lodestone Energy, secured an approval to develop three solar projects on the South Island, with an initial funding of NZD406.8 million ($250 million) by the end of 2026.
  • In November 2023, ASB (Auckland Savings Bank) announced NZD813.6 million ($500 million) Accelerate Housing Fund for the construction of 1,000 new homes which will be completed by 2025.

Segments Covered in the Report

New Zealand Construction Sectors Outlook (Value, $ Billion, 2019-2028)

  • Commercial Construction
  • Industrial Construction
  • Infrastructure Construction
  • Energy and Utilities Construction
  • Institutional Construction
  • Residential Construction

Scope

This report provides:

  • A comprehensive analysis of the construction industry in New Zealand.
  • Historical and forecast valuations of the construction industry in New Zealand, featuring details of key growth drivers.
  • Segmentation by sector and by sub-sector.
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData’s critical and actionable insight.
  • Assess business risks, including cost, regulatory, and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

  • 1. Executive Summary
  • 2. Construction Industry: At-a-Glance
  • 3. Context

    • 3.1. Economic Performance
    • 3.2. Political Environment and Policy
    • 3.3. Demographics
    • 3.4. Risk Profile

  • 4. Construction Outlook

    • 4.1. All Construction

      • 4.1.1. Outlook
      • 4.1.2. Latest news and developments
      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook
      • 4.2.2. Project analytics
      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook
      • 4.3.2. Project analytics
      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook
      • 4.4.2. Project analytics
      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook
      • 4.5.2. Project analytics
      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook
      • 4.6.2. Project analytics
      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook
      • 4.7.2. Project analytics
      • 4.7.3. Latest news and developments

  • 5. Key Industry Participants

    • 5.1. Contractors
    • 5.2. Consultants

  • 6. Construction Market Data
  • 7. Appendix

    • 7.1. What is this Report About?
    • 7.2. Definitions
    • 7.3. CRI Methodology

  • 8. About GlobalData
  • 9. Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: New Zealand, Key Economic Indicators

Table 3: New Zealand, Commercial Construction Output by Project Type (Real % Change), 2019–28

Table 4: New Zealand, Top Commercial Construction Projects by Value

Table 5: New Zealand, Industrial Construction Output by Project Type (Real % Change), 2019–28

Table 6: New Zealand, Top Industrial Construction Projects by Value

Table 7: New Zealand, Infrastructure Construction Output by Project Type (Real % Change), 2019–28

Table 8: New Zealand, Top Infrastructure Construction Projects by Value

Table 9: New Zealand, Energy and Utilities Construction Output by Project Type (Real % Change), 2019–28

Table 10: New Zealand, Top Energy and Utilities Construction Projects by Value

Table 11: New Zealand, Institutional Construction Output by Project Type (Real % Change), 2019–28

Table 12: New Zealand, Top Institutional Construction Projects by Value

Table 13: New Zealand, Residential Construction Output by Project Type (Real % Change), 2019–28

Table 14: New Zealand, Top Residential Construction Projects by Value

Table 15: New Zealand, Key Contractors

Table 16: New Zealand, Key Consultants

Table 17: New Zealand, Construction Output Value (Real, $ Million)

Table 18: New Zealand, Construction Output Value (Nominal, NZD Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Australasia, Construction Output (Real % Change), 2022–28

Figure 2: New Zealand, Construction Output by Sector (Real % Change), 2022–24 and 2025–28

Figure 3: New Zealand, Risk Summary

Figure 4: New Zealand, Risk Regional Comparison

Figure 5: New Zealand, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019–28

Figure 6: New Zealand, Construction Output Value, by Sector (Real, $ Million), 2019–28

Figure 7: New Zealand, Construction Value Add, (NZD Million, 2009/2010 Chain-Volume Measures)

Figure 8: New Zealand, Total Value of Building Work Put in Place, % Change YoY

Figure 9: New Zealand, Gross Fixed Capital Formation, (NZD million, 2009/2010 Chain-Volume Measures)

Figure 10: New Zealand, Total Value of Building Consents Issued, In NZD Million

Figure 11: New Zealand, Construction Projects Momentum Index

Figure 12: Australasia, Construction Projects Momentum Index

Figure 13: New Zealand, Commercial Construction Output by Project Type (Real, $ Million), 2019–28

Figure 14: New Zealand, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 15: New Zealand, Accommodation and Food Services Value Add (NZD Million, 2009/2010 Chain-Volume Measures)

Figure 16: New Zealand, Retail and Wholesale Trade Value Add (2009/2010 Chain-Volume Measures, NZD Billion)

Figure 17: New Zealand, Total Value of Commercial Buildings Put in Place, NZD Million

Figure 18: New Zealand, Foreign Tourist Arrivals (In Thousands)

Figure 19: New Zealand, Retail Sales (NZD Billion)

Figure 20: New Zealand, Total Value of Commercial Building Consents Issued, In NZD Million

Figure 21: New Zealand, Industrial Construction Output by Project Type (Real, $ Million), 2019–28

Figure 22: New Zealand, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: New Zealand, Manufacturing Value Add (NZD Million, Seasonally Adjusted 2009/2010 Chain-Volume Measures)

Figure 24: New Zealand, Mining Value Add (NZD Million, 2009/2010 Chain-Volume Measures)

Figure 25: New Zealand, Value of Industrial Building Consents Issued (NZD million)

Figure 26: New Zealand, Performance of Manufacturing Index, Seasonally Adjusted

Figure 27: New Zealand, Total Overseas Merchandise Export (NZD Billion)

Figure 28: New Zealand, Infrastructure Construction Output by Project Type (Real, $ Million), 2019–28

Figure 29: New Zealand, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: New Zealand, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019–28

Figure 31: New Zealand, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: New Zealand, Electricity Generation and Consumption, % Change YoY

Figure 33: New Zealand, Institutional Construction Output by Project Type (Real, $ Million), 2019–28

Figure 34: New Zealand, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 35: New Zealand, Education Value Add, 2009/2010 Chain-Volume Measures (NZD Million)

Figure 36: New Zealand, Healthcare Value Add, 2009/2010 Chain-Volume Measures (NZD Million)

Figure 37: New Zealand, Healthcare and Educational Buildings Put in Place, % Change YoY

Figure 38: New Zealand, Value of Institutional Building Consents Issued (NZD Million)

Figure 39: New Zealand, Residential Construction Output by Project Type (Real, $ Million), 2019–28

Figure 40: New Zealand, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 41: New Zealand, Total Value of Residential Building Work Put in Place, NZD Million

Figure 42: New Zealand, Total Number of New Dwellings Consented

Figure 43: New Zealand, House Sales, in Thousands

Figure 44: New Zealand, Housing Price Index (HPI)

Figure 45: New Zealand, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 46: New Zealand, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently asked questions

New Zealand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028 thematic reports
Currency USD
$1,495

Can be used by individual purchaser only

$2,990

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

New Zealand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at New Zealand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028 in real time.

  • Access a live New Zealand Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.