New South Wales, Victoria, Queensland are some of the notable states across Australia witnessing positive market
trends for construction sector and with such optimistic environment key players expected to invest across these
regions and machinery usage also expected to rise across various state and private construction projects. All these
factors are expected to drive demand in the market during the forecast period.
The Australian construction machinery market was valued at USD 2528.39 million in 2021 and is expected to
reach USD 3081.11 million by 2027 by registering a CAGR of 3.3.5% during the forecast period (2022 – 2027).
The COVID-19 pandemic had a negative impact on the government as lockdowns and restrictions imposed
resulted in pausing the economic and transportation activities in the country, which in turn affected
construction activities. However, as soon as the government permitted relaxations in lockdown norms the
activities started picking pace and demand is returning back to the market.
The government spending on construction and infrastructure activities in the country with focus on boosting
economy of the country expected to drive demand in the market. Growing demand for latest technology and
digitization in construction machinery to further enhance demand in the market.
However, increasing preference towards construction equipment rental, primarily attributed to high initial
investment and high maintenance cost, is anticipated to remain a major restraint to the market during the
forecast period. Further, introduction of autonomous equipment into fleet and on-site deployment of these
machinery across various projects to provide lucrative opportunities for players in the market.
New South Wales, Victoria, Queensland are some of the notable states across Australia witnessing positive
market trends for construction sector and with such optimistic environment key players expected to invest
across these regions and machinery usage also expected to rise across various state and private construction
projects. All these factors are expected to drive demand in the market during the forecast period.
The Australian construction machinery market is expected to reach USD 2981.24 million in 2026
registering a CAGR of 3.35% during the forecast period (2021 - 2026). As the rental services eliminate
the upfront investment and maintenance costs, it is anticipated that the growth in rental firms will have
negative impact on this segment’s growth.
The Australian construction machinery market was valued at USD 2528.39 million in 2021 and is
expected to reach USD 3081.11 million by 2027 by registering a CAGR of 3.3.5% during the forecast
period (2022 – 2027).
The automotive predictive technology market was valued at USD 59.09 billion in 2021 and is anticipated
to reach USD 94.85 billion by 2027 registering a CAGR of 8.21% during the forecast period (2022 – 2027).