Strong demand for housing and security cameras has been another driving force behind New Zealand's construction boom. Factors such as population growth, increased urbanization and favorable economic conditions have contributed to the strength of the real estate market. To address affordability and housing shortages, the government has implemented initiatives that have further boosted construction activity. Public and private sector investments have been made in housing developments, including affordable housing options and sustainable construction practices with the added measure of security cameras. The New Zealand construction market research report provides detailed market analysis, information and knowledge about the New Zealand construction industry, including industry growth prospects by market, type of project and construction activity.
In addition to residential projects, commercial and industrial construction has flourished in response to the expansion of industries in New Zealand. New Zealand's construction industry has experienced remarkable growth in recent years, driven by several factors that have driven economic development and urban transformation. Size of the New Zealand construction market, trend analysis by sector, competitive landscape and forecasts to 2027. The report also provides a critical view of the impact of industry trends and issues, as well as an analysis of the main risks and opportunities in the New Zealand construction industry. Some of the major contractors in the New Zealand construction market include Downer EDI Ltd, Vinci SA, Hawkins Construction, Fulton Hogan Ltd and Fletcher Building Ltd, among others.
The construction industry is the third most employment-generating industry in New Zealand, with 295,300 employees. Domestic contractors represent a majority of the project portfolio in the New Zealand construction market. The key sectors of the New Zealand construction market are commercial construction, industrial construction, infrastructure construction, energy and utility construction, institutional construction and residential construction. Some of the leading consultants in the New Zealand construction market include Mott MacDonald Group Ltd, WSP Global Inc, Tonkin+ Taylor Pty Ltd, Beca Group Ltd and CBRE Group Inc, among others.
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