Concreting Services in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: May 2024
ANZSIC E3221Revenue
$12.1bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
33,643
Businesses
15,115
Wages
$X.Xbn
Concreting Services in Australia industry analysis
The Concreting Services industry is integral for most types of buildings and structures. Concreting contractors pour, lay, place and shape concrete to form foundations, pavements, suspended floors, columns, tilt-walls and other structures. Favourable trends in non-residential building construction and several concrete-intensive infrastructure markets have underpinned the industry's performance through 2023-24. Still, the industry has faced adverse trends in the multi-unit dwelling construction market since the 2017-18 peak, and concreting work in the house construction market has been choked off in recent years by the hike in mortgage interest rates.
Trends and Insights
- Work on non-residential building construction and landmark infrastructure projects has underpinned concreting contractors’ performance. Favourable trends in these markets have outweighed a slump in concreting work in the residential building market.
- General concreting work on large-scale non-residential buildings and infrastructure projects has underpinned the industry's expansion. General concreting work includes constructing box formwork, cast-on-site columns, tilt-up walls and suspended slabs on large-scale buildings and structures.
- Victoria has a substantial share of concreting enterprises, which reflects the state's high proportion of national construction activity. Record investment in landmark road and railway construction is currently underway in Victoria.
- Price differentiation is the prime determinant of competition within the industry. A proven track record for quality and timeliness can help contractors compete for larger or more complex concreting projects.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.2 % over the past five years, to reach an estimated $12.1bn in 2024.
Trends and Insights
Performance solidified by work on non-residential building projects
- Much of the growth in concreting work through 2023-24 has come from constructing large-scale non-residential construction projects, particularly industrial and institutional buildings, like warehousing, hospitals, universities and aged-care developments.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Solid concreting in the non-residential building markets
- The post-pandemic recovery of the Australian property market will drive funding for concreting work on commercial and institutional building projects. The focus will be laying extensive foundations, post-tensioning, suspended slab flooring, and service cores for elevators and utilities.
Biggest companies in the Concreting Services in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Boral | 206.0 | |
British Concrete Pty Ltd | 116.6 | |
BGC | 97.0 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Foundation and paving concreting, General concreting and Other concreting and construction. Foundation and paving concreting is the largest segment of the Concreting Services in Australia.
Trends and Insights
Demand for foundation and paving concreting is weakening
- Foundation concreting services' contribution to industry revenue has fallen through 2023-24 in response to weak trend in the multi-unit dwelling construction and the current slump in housing construction, which drives concreting work on foundations, driveways and footpath paving.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Ready-Mixed Concrete Manufacturing in Australia
- Bricklaying Services in Australia
- Tiling and Carpeting Services in Australia
- Landscaping Services in Australia
International industries
- Concrete Contractors in the US
- Concrete Contractors in Canada
- Concreting, Bricklaying and Roofing Services in New Zealand
- Bricklaying & Other Specialised Construction Services in the UK
Table of Contents
About this industry
Industry definition
Companies in the industry undertake concrete pouring or other concrete work on construction projects.
What's included in this industry?
General concretingFoundation and paving concretingConcrete remediationConcrete cuttingCompanies
BoralBritish Concrete Pty LtdBGCPurchase this report to view all 4 major companies in this industry.
Related Terms
CONCRETE SLURRYAGGREGATECONCRETE PLACEMENTCONSOLIDATIONWET HIREDRY HIREPPEIndustry Code
ANZSIC 3221 - Concreting Services in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Work on non-residential building construction and landmark infrastructure projects has underpinned concreting contractors’ performance. Favourable trends in these markets hav...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
General concreting work on large-scale non-residential buildings and infrastructure projects has underpinned the industry's expansion. General concreting work includes constr...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Victoria has a substantial share of concreting enterprises, which reflects the state's high proportion of national construction activity. Record investment in landmark road a...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Price differentiation is the prime determinant of competition within the industry. A proven track record for quality and timeliness can help contractors compete for larger or...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry has no Major Companies. The Concreting Services industry comprises many small-scale contractors and lacks scope for achieving scale economies.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Boral's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of British Concrete Pty Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of BGC's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Boral, and factors influencing its performance in the industry
- Description and key data for British Concrete Pty Ltd, and factors influencing its performance in the industry
- Description and key data for BGC, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The slump in single-unit house construction has weakened concreting contractors in the residential building market. New house construction activity has collapsed following re...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins have been squeezed by rising input prices and weaker conditions in the building construction markets. Concreting contractors working on landmark transport infr...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Concreting Services industry in Australia in 2024?
The market size of the Concreting Services industry in Australia is $12.1bn in 2024.
How many businesses are there in the Concreting Services in Australia industry in 2024?
There are 15,115 businesses in the Concreting Services industry in Australia, which has grown at a CAGR of 2.2 % between 2019 and 2024.
Has the Concreting Services industry in Australia grown or declined over the past 5 years?
The market size of the Concreting Services industry in Australia has been growing at a CAGR of 1.2 % between 2019 and 2024.
What is the forecast growth of the Concreting Services industry in Australia over the next 5 years?
Over the next five years, the Concreting Services industry in Australia is expected to grow.
What are the biggest companies in the Concreting Services market in Australia?
The biggest companies operating in the Concreting Services market in Australia are Boral, British Concrete Pty Ltd and BGC
What does the Concreting Services in Australia include?
General concreting and Foundation and paving concreting are part of the Concreting Services industry.
Which companies have the highest market share in the Concreting Services in Australia?
The company holding the most market share in Australia is Boral.
How competitive is the Concreting Services industry in Australia?
The level of competition is high and steady in the Concreting Services industry in Australia.
