Poor performance: Revenue has declined as government
stimulus packages ended
The Sports and Athletic Field Construction market research
report provides key industry analysis and industry statistics, measures market
size, analyses current and future industry trends and shows market share for
the industry’s largest companies. IBISWorld publishes the largest collection of
industry reports so you can see an industry’s supply chain, economic drivers
and key buyers and markets.
Report Snapshot
Industry Analysis & Industry Trends
Industry participants are grateful recipients of various government
stimulus packages. In 2008-09 when the construction sector threatened to
crumble, the government announced various capital grants to keep the core part
of the Australian economy strong. The two most significant packages granted
eligible schools and local government authority’s access to $2.2 billion to
fund school and community infrastructure programs. While firms were kept busy
with these projects, industry revenue only reflected this initiate in 2010-11
when the bulk of projects were completed. Government assistance was only a
temporary fix for this ailing segment of the Construction division. Since that
boost, industry revenue has fallen as funds for ground development or
refurbishment projects grew scarce... purchase to read more
Industry Report - Industry Investment Chapter
Despite heavy reliance on machinery and equipment to perform
work, a significant portion of this equipment required is rented. As such,
capital depreciation is relatively low compared to other machine and equipment
intensive industries, such as manufacturing. Further, the prevalence of small
enterprises in this industry, limits industry participants ability to make
large outlays on capital equipment. On average, industry participants spend
$18.60 on labour for every dollar spent on machinery and equipment. The wage
expense have, in fact, risen over the past five years because of the strong
wage attributable to growing demand for construction related services in
2008-09..
Senior Analyst , SJ Builders Australia visit us at www.sjbuilders.com.au
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