Surveying and Mapping Services in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: August 2023
ANZSIC M6922Revenue
$4.4bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
17,388
Businesses
3,739
Wages
$X.Xbn
Surveying and Mapping Services in Australia industry analysis
Firms in the Surveying and Mapping Services industry have struggled with volatile downstream demand over the past few years, prompting a sharp rise in demand for some segments, while others have struggled. The COVID-19 pandemic had severe and ongoing effects on the investment cycles in key downstream sectors, especially the mining and construction sector. Yet, the effect of this volatility was muted by the divergent nature of these trends, partially offsetting on another. Construction tanked, while mining surged, which contributed to a mixed industry-wide performance. Overall, revenue is expected to rise at an annualised 1.6% over the past five years to $4.4 billion, including an anticipated fall of 1.6% in 2023-24, when high interest rates are expected to hamper downstream demand from residential and non-residential building construction.The industry's performance is also influenced by advances in surveying and mapping technology, and competition from consulting firms that offer multidiscipline services. The ongoing threat of downstream clients bypassing the industry and performing third-party surveying and mapping services in-house, has limited the ability of the industry to raise prices while costs pressures intensified. A tight labour market has forced many firms lift wages to retain valuable staff, which has weighed on profit margins. Therefore, profit as a percentage of overall revenue has fallen since 2018-19, despite strong downstream demand from high value sectors like mining and infrastructure projects. Nevertheless, healthy downstream demand from mining firms, especially in key growth segments like mineral exploration, has fostered a steady influx of new entrants into the industry, contributing to a marginal upward trend in enterprise and establishment numbers since 2018-19.The industry's performance is forecast to improve over the coming years, especially as key downstream sectors, like mining and construction, stabilise and expand. Surveyors that service construction markets are best placed to capitalise on an improvement in downstream conditions, especially as interest rates start to decline and material cost pressures continue to ease. Investment in the construction of apartments and townhouses is projected to rise, particularly if governments look to address the acute social problem of housing supply shortages. Industry revenue is projected to increase at an annualised 1.4% over the five years through 2028-29, to reach $4.7 billion.
Trends and Insights
- Healthy demand from the mining sector has partially offset a fall in demand from construction. These divergent trends have led to a mixed industry-wide performance, which benefited some segments of the industry over others.
- High commodity prices have bolstered demand for mining, geophysical and integrated surveying. Mining firms have sought specialised services to expand their exploration capabilities, as high commodity prices boosts the value of potential mineral discoveries.
- The industry is heavily reliant on the mining industry. This dynamic draws many enterprises to Western Australia and Queensland, which have large mining industries that attract more specialised mapping and survey firms.
- The industry is highly fragmented, with many small businesses. The varied nature of the industry’s services leaves space for smaller establishments to specialise and carve out niche markets.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 1.6 % over the past five years, to reach an estimated $4.4bn in 2023.
Trends and Insights
High commodity prices has enabled an uptick in demand from mining firms
- In the past few years, firms focusing on geophysical, hydrographic and other mining surveying services have had rising demand for exploration services. In particular, demand from mineral exploration has surged since 2018-19, as high commodity prices furnished investment in exploration projects.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Construction is on track to recover as interest rates ease and material costs come down
- Downstream conditions in the Construction division are on track to stabilise over the coming years. Interest rates are projected to ease over time, while the cost of materials is also on track to decline. This trend will ease the burden on many construction firms, prompting a recovery in new residential and non-residential construction.
Biggest companies in the Surveying and Mapping Services in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Fugro Holdings (Australia) | 131.6 | |
Veris | 131.6 | |
AAM | 87.7 |
To view the market share and analysis for all 6 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 Cadastral surveying, Engineering surveying and Mining, geophysical and integrated surveying. Cadastral surveying is the largest segment of the Surveying and Mapping Services in Australia.
Trends and Insights
Surging commodity prices fuels demand for mining, geophysical and integrated surveying
- Industry activity in the mining, geophysical and integrated surveying segment covers firms specialising in identifying the location of subsurface fault lines and mineral deposits.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Petroleum Exploration in Australia
- Mineral Exploration in Australia
- Real Estate Services in Australia
- Engineering Consulting in Australia
International industries
- Surveying & Mapping Services in the US
- Surveying & Mapping Services in Canada
- Architectural and Design Services in New Zealand
- Consultant Engineering Services in the UK
- Consultant Engineering Services in Germany
Table of Contents
About this industry
Industry definition
Industry operators provide professional surveying services spanning a range of markets and disciplines. These include cadastral surveying, construction surveying, mapping services and integrated surveying services.
What's included in this industry?
Aerial surveying serviceCadastral surveying serviceEngineering surveying serviceGeodetic surveying on a contract or fee basisHydrographic and oceanographic surveyingLand surveying serviceMap preparation serviceMining surveying servicePhotogrammetry surveying on a contract or fee basisSeismic surveying serviceCompanies
Fugro Holdings (Australia)VerisAAMPurchase this report to view all 6 major companies in this industry.
Related Terms
AIRBORNE LASER SCANNINGPHOTOGRAMMETRYCADASTRALHYDROGRAPHIC SURVEYINGCARTOGRAPHYIndustry Code
ANZSIC 6922 - Surveying and Mapping 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
Healthy demand from the mining sector has partially offset a fall in demand from construction. These divergent trends have led to a mixed industry-wide performance, which ben...
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 (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- 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
High commodity prices have bolstered demand for mining, geophysical and integrated surveying. Mining firms have sought specialised services to expand their exploration capabi...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
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
The industry is heavily reliant on the mining industry. This dynamic draws many enterprises to Western Australia and Queensland, which have large mining industries that attra...
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 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
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
The industry is highly fragmented, with many small businesses. The varied nature of the industry’s services leaves space for smaller establishments to specialise and carve ou...
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 2018-2023
- 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
Despite the fragmented nature of the industry, acquisition activity is relatively common among major firms in his industry. AAM and Veris have built market share through stra...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Fugro Holdings (Australia)'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Veris's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of AAM's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Fugro Holdings (Australia), and factors influencing its performance in the industry
- Description and key data for Veris, and factors influencing its performance in the industry
- Description and key data for AAM, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
High interest rates is on track to hurt the industry, mostly through a downturn in residential construction in 2023-24. Mapping and survey providers that specialise in reside...
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 (2013-2028)
- Assistance historical data and forecast (2013-2028)
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
Wages have risen as a share of revenue since 2021-22. A tight labour market has led many firms in the industry to lift wages to attract and retain highly valuable staff.
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 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
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 (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
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 Surveying and Mapping Services industry in Australia in 2024?
The market size of the Surveying and Mapping Services industry in Australia is $4.4bn in 2024.
How many businesses are there in the Surveying and Mapping Services in Australia industry in 2023?
There are 3,739 businesses in the Surveying and Mapping Services industry in Australia, which has grown at a CAGR of 0.8 % between 2018 and 2023.
Has the Surveying and Mapping Services industry in Australia grown or declined over the past 5 years?
The market size of the Surveying and Mapping Services industry in Australia has been growing at a CAGR of 1.6 % between 2018 and 2023.
What is the forecast growth of the Surveying and Mapping Services industry in Australia over the next 5 years?
Over the next five years, the Surveying and Mapping Services industry in Australia is expected to grow.
What are the biggest companies in the Surveying and Mapping Services market in Australia?
The biggest companies operating in the Surveying and Mapping Services market in Australia are Fugro Holdings (Australia), Veris and AAM
What does the Surveying and Mapping Services in Australia include?
Aerial surveying service and Cadastral surveying service are part of the Surveying and Mapping Services industry.
Which companies have the highest market share in the Surveying and Mapping Services in Australia?
The company holding the most market share in Australia is Fugro Holdings (Australia).
How competitive is the Surveying and Mapping Services industry in Australia?
The level of competition is high and increasing in the Surveying and Mapping Services industry in Australia.
