The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Growth in New Zealand's small construction industry should moderate over the next decade as
the Christchurch rebuilding slows from its peak and an inflated housing market presents downside risks.
However, we have increased our outlook for 2016 and 2017 given strong activity in residential construction
and transport infrastructure. Meanwhile, energy and utilities will require capacity expansion and social
infrastructure is providing several PPP opportunities.
Forecasts and Latest Updates
? After good growth in the previous decade, the construction industry will moderate out to 2025, once
construction mellows amid economic pressures and a cooling housing market.
? Nevertheless, we have revised upwards our outlook for sector growth in 2016 and 2017 to reflect the
robust level of residential construction nationwide.
? Rebuilding Christchurch after the 2010-2011 earthquakes will continue to contribute favourably to our
total industry value and growth over the medium term, but rebuilding may have peaked in 2015.
? The Auckland Unitary Plan has been approved and will define urban expansion in the capital until 2030,
with residential construction and transport infrastructure set to gain.
? The road sector is seeing heightened levels of activity, with several major awards coming in 2015 and
2016, while airports in Auckland and Wellington are planning significant upgrade projects.
? The energy and utilities infrastructure sector remains quiet, but a forecast need for energy capacity
expansion in the medium term presents a possible avenue for development.