Transport for NSW provides projections of population and dwellings at the small area (Travel Zone or TZ) level for NSW. The latest version is Travel Zone Projections 2024 (TZP24), released in January 2025.\r \r TZP24 replaces the previously published TZP22.\r \r The projections are developed to support a strategic view of NSW and are aligned with the NSW Government Common Planning Assumptions .\r \r The TZP24 Population & Dwellings Projections dataset covers the following variables:\r \r * Estimated Resident Population\r \r * Structural Private Dwellings (Regional NSW only)\r \r * Population in Occupied Private Dwellings, by 5-year Age categories & by Sex\r \r * Population in Non-Private Dwellings\r \r The projections in this release, TZP24, are presented annually from 2021 to 2031 and 5-yearly from 2031 to 2066, and are in TZ21 geography.\r \r Please note, TZP24 is based on best available data as at early 2024, and the projections incorporate results of the National Census conducted by the ABS in August 2021.\r \r Key Data Inputs used in TZP24:\r \r * 2024 NSW Population Projections – NSW Department of Planning, Housing & Infrastructure\r \r * 2021 Census data - Australian Bureau of Statistics (including dwellings by occupancy, total dwellings by Mesh Block, household sizes, private dwellings by occupancy, population age and gender, persons by place of usual residence)\r \r For a summary of the TZP24 projection method please refer to the TZP24 Factsheet .\r \r For more detail on the projection process please refer to the TZP24 Technical Guide . \r \r Additional land use information for workforce and employment as well as Travel Zone 2021 boundaries for NSW (TZ21) and concordance files are also available for download on the Open Data Hub.\r \r Visualisations of the population projections are available on the Transport for NSW Website under Data and research/Reference Information .\r \r Cautions\r \r The TZP24 dataset represents one view of the future aligned with the NSW Government Common Planning Assumptions and population and employment projections.\r \r The projections are not based on specific assumptions about future new transport infrastructure but do take into account known land-use developments underway or planned, and strategic plans.\r \r *\tTZP24 is a strategic state-wide dataset and caution should be exercised when considering results at detailed breakdowns.\r \r *\tThe TZP24 outputs represent a point in time set of projections (as at early 2024).\r \r *\tThe projections are not government targets.\r \r *\tTravel Zone (TZ) level outputs are projections only and should be used as a guide. As with all small area data, aggregating of travel zone projections to higher geographies leads to more robust results.\r \r *\tAs a general rule, TZ-level projections are illustrative of a possible future only.\r \r *\tMore specific advice about data reliability for the specific variables projected is provided in the “Read Me” page of the Excel format summary spreadsheets on the TfNSW Open Data Hub.\r \r *\tCaution is advised when comparing TZP24 with the previous set of projections (TZP22) due to addition of new data sources for the most recent years, and adjustments to methodology.\r \r Further cautions and notes can be found in the TZP24 Technical Guide\r \r Important note: \r \r The Department of Planning, Housing & Infrastructure (DPHI) published the 2024 NSW Population Projections in November 2024. As per DPHI’s published projections, the following variables are excluded from the published TZP24 Population and Dwellings Projections:\r \r *\tStructural Private Dwellings for Travel Zones in 43 councils across Greater Sydney, Illawarra-Shoalhaven, Central Coast, Lower Hunter and Greater Newcastle\r \r *\tOccupied Private Dwellings for Travel Zones in NSW.\r \r Furthermore, in TZP24, the Structural Private Dwellings variable aligns with the 2024 Implied Dwelling projections while the Occupied Private Dwellings variable aligns with the 2024 Households projections at SA2 level prepared by DPHI.\r \r The above variables are available upon request by contacting model.selection@transport.nsw.gov.au - Attention Place Forecasting.

Projection data for New South Wales are available to the year 2041; and for Regional NSW, Sydney, Illawarra, Lower Hunter & Central Coast and all Local Government Areas (LGA) to the year 2031.

Individual file tabs contain summary population projection data for New South Wales, projection regions and all LGAs. Individual file tabs are also available for population projections by five-year age group and sex for New South Wales and the projection regions. Five year age group data are available for LGAs with populations greater than 3,000 in 2011. For smaller LGAs, age group data are provided for four age groups: 0-14, 15-44, 45-64, 65+.

For more information, including reports, frequently asked questions and an information brochure, please see http://www.planning.nsw.gov.au/Research-and-Demography/Demography/Population-Projections

Australia Population: Resident: Estimated: Annual: New South Wales: Greater Sydney data was reported at 5,132,355.000 Person in 2017. This records an increase from the previous number of 5,024,923.000 Person for 2016. Australia Population: Resident: Estimated: Annual: New South Wales: Greater Sydney data is updated yearly, averaging 4,643,072.500 Person from Jun 2006 (Median) to 2017, with 12 observations. The data reached an all-time high of 5,132,355.000 Person in 2017 and a record low of 4,256,161.000 Person in 2006. Australia Population: Resident: Estimated: Annual: New South Wales: Greater Sydney data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.G002: Estimated Resident Population.

This dataset contains projected population figures from Transport for NSW’s Travel Zone Projection 2016 (TZP2016) model (formally known as LU16*). The data includes: • Estimated Resident Population …Show full descriptionThis dataset contains projected population figures from Transport for NSW’s Travel Zone Projection 2016 (TZP2016) model (formally known as LU16*). The data includes: • Estimated Resident Population (ERP) (including 5-year age categories by sex); • Population in occupied private dwellings (POPD) • Population in non-private dwellings (PNPD); and • Occupied private dwellings (OPD) The TZP2016 projections reflect the Sydney Greater Metropolitan Area (GMA) and are provided on a 5-yearly basis for the period 2011-2056.

Transport Performance and Analytics (TPA) provides projections of workforce at the small area (Travel Zone or TZ) level for the Sydney Greater Metropolitan Area (GMA).

The GMA includes the Sydney Greater Capital City Statistical Area (GCCSA), the Southern Highlands and Shoalhaven SA4, Illawarra SA4, Newcastle and Lake Macquarie SA4, and Lower Hunter, Port Stephens, and Maitland SA3s, as defined by the Australian Bureau of Statistics (ABS). TPA workforce projections are five-yearly, from 2011 to 2056 and relate to usual residents of the GMA aged 15 years and over who are employed. They are estimates of employed people based on where they reside. TPA also produces employment projections based on the workplace or job location. They refer to persons aged 15 years and over, working in the GMA regardless of their place of usual residence. The majority of the persons employed in the GMA also reside in the GMA.

Factors considered in the estimation of workforce projections include: population by age and gender; participation rates; unemployment rates; historical labour force data; past trends of employment in each industry and the forecasts of industry growth or decline in each region.

Transport Performance and Analytics (TPA) provides projections of workforce at the small area (Travel Zone or TZ) level for the Sydney Greater Metropolitan Area (GMA). The GMA includes the Sydney Greater Capital City Statistical Area (GCCSA), the Southern Highlands and Shoalhaven SA4, Illawarra SA4, Newcastle and Lake Macquarie SA4, and Lower Hunter, Port Stephens, and Maitland SA3s, as defined by the Australian Bureau of Statistics (ABS). TPA workforce projections are five-yearly, from 2011 to 2056 and relate to usual residents of the GMA aged 15 years and over who are employed. They are estimates of employed people based on where they reside. TPA also produces employment projections based on the workplace or job location. They refer to persons aged 15 years and over, working in the GMA regardless of their place of usual residence. The majority of the persons employed in the GMA also reside in the GMA. Factors considered in the estimation of workforce projections include: population by age and gender; participation rates; unemployment rates; historical labour force data; past trends of employment in each industry and the forecasts of industry growth or decline in each region.

The Australian commercial real estate market, valued at $34.07 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 8.46% from 2025 to 2033. This expansion is fueled by several key drivers. Strong population growth in major cities like Sydney, Melbourne, and Brisbane is increasing demand for office, retail, and industrial spaces. Furthermore, the burgeoning e-commerce sector is driving significant growth in the logistics and warehousing segments. Government infrastructure investments and a generally positive economic outlook also contribute to this positive market trajectory. While rising interest rates and potential economic slowdown pose some constraints, the long-term fundamentals of the Australian economy and the ongoing need for modern commercial spaces are expected to mitigate these risks. The market is segmented by property type (office, retail, industrial & logistics, hospitality, and others) and by city (Sydney, Melbourne, Brisbane, Adelaide, Canberra, Perth), reflecting diverse investment opportunities and regional variations in growth rates. Sydney and Melbourne are expected to remain dominant, given their established business ecosystems and high population densities. However, other cities such as Brisbane are witnessing significant growth driven by infrastructure development and population influx. The key players in this dynamic market, including Lendlease Corporation, Scentre Group Limited, and Mirvac, are well-positioned to capitalize on these growth opportunities. The segmentation of the market reveals significant potential within specific sectors. The industrial and logistics sector, driven by the e-commerce boom and supply chain optimization efforts, is anticipated to experience particularly strong growth. Similarly, the office sector, while facing some challenges from remote work trends, remains resilient due to the ongoing need for collaborative workspaces and central business district locations. The retail sector will continue to adapt to evolving consumer preferences, with a focus on experience-driven retail and omnichannel strategies. Careful consideration of factors like interest rate fluctuations, construction costs, and regulatory changes will be crucial for investors navigating the complexities of this dynamic market. The forecast period of 2025-2033 offers a promising outlook for sustained growth within this sector. Recent developments include: • October 2023: Costco is planning a major expansion in Australia, with several new warehouses under construction and several prime locations being considered for future locations. Costco currently operates 15 warehouses in Australia, with plans to expand to 20 within the next five years, based on current stores and potential locations., • July 2023: A 45-storey BTR tower will be developed by Lendlease and Japanese developer Daiwa House, completing the final phase of Lendlease's Melbourne Quarter project and its second Build-to-Rent (BTR) project in Australia. The USD 650 million deal, similar to Lend lease's first 443-unit BTR project under construction in the 5.5 hectares of mixed-use space at Brisbane Showground, is a stand-alone investment and is separate from the company's ongoing efforts to build a wider BTR partnership, which will include several assets.. Key drivers for this market are: Rapid Urbanization, Government Initiatives Actively promoting the Construction Activities. Potential restraints include: Rapid Urbanization, Government Initiatives Actively promoting the Construction Activities. Notable trends are: Retail real estate is expected to drive the market.

The Local Government Administration industry faced challenging conditions from 2019-20 to 2021-22 due to issues presented by the pandemic. Demand for ancillary services like gyms and swimming pools plummeted, hindering local governments' ability to generate revenue from user-based charges, like service fees and fines. Despite a recovery in demand since restrictions were lifted, local governments have continued to face intense competition from private sector competitors. Rife inflation in the Australian economy has constrained local governments' ability to increase their revenue. The cost-of-living crisis has added another layer of consideration for local governments contemplating policy changes, as councillors try to avoid voter backlash at local council elections. The Victorian and New South Wales state governments have also enforced rate caps, limiting local authorities' power to increase household rates in line with high inflation. Despite an industrywide revenue decline, local governments have managed to expand their operating margins thanks to increased funding from upstream government grants and subsidies, as well as from outsourcing services, which has lowered wage costs. Revenue is expected to have crept downwards at an annualised 0.2% over the five years through 2024-25, to $61.4 billion. This trend includes an anticipated drop of 1.3% in 2024-25. Improvements in Australian economic conditions are forecast to foster revenue growth in the coming years. Rising economic activity is set to benefit local governments, as increased tax income in upstream government bodies places upwards pressure on funding and grants for local governments around the country. While increased consumer spending and government funding promise higher revenue, local governments’ not-for-profit nature is likely to escalate capital expenditure, driving up depreciation costs and pressuring operating margins over the next five years. The number of local governments is projected to remain stable due to the absence of planned council amalgamations. However, population growth trends may dictate future council mergers or demergers. Overall, industry revenue is forecast to grow at an annualised 2.2% over the five years through 2029-30, to total $68.5 billion.

The Sewerage and Drainage Services industry has had limited expansion opportunities due to stunted price increases across the country. Regulatory controls and difficult economic conditions for downstream service users have forced businesses to limit price growth over the past five years, causing revenue to stagnate. Industry revenue is expected to decline at an annualised 1.1% over the five years through 2025-26, to total $12.8 billion, including a 1.3% decline anticipated in the current year. However, strong profit margins due to a lack of direct competition between service providers have limited the impact on bottom lines. Numerous service providers have also been working on futureproofing their wastewater networks by investing heavily in infrastructure upgrades. These initiatives aim to accommodate future population growth and renew ageing sewerage infrastructure. This focus on infrastructure investment can be seen in the merger of City West Water and Western Water to form Greater Western Water in Victoria. The merger led to a $1.7 billion commitment towards capital investment for western metropolitan suburbs in Melbourne, where population growth is rapid. Rising prices and demand growth are forecast to drive revenue growth over the next five years. The completion of several new and upgraded wastewater treatment plants will also enhance the industry's capability to support a growing population. Moreover, government policies and environmental challenges are set to shift the focus to initiatives like wastewater recycling. The Water Infrastructure for Sustainable and Efficient Regions (WISER) initiative will also support small-scale water infrastructure projects across regional Australia. This initiative will aid many rural sewerage and drainage service providers in significantly improving their water infrastructure to ensure longevity. Overall, revenue is projected to rise at an annualised 1.2% through the end of 2030-31, to $13.7 billion. However, profit margins are forecast to decline marginally over the period due to rising wage costs.

Snapshot img

Australia Construction Market Size 2025-2029

The australia construction market size is forecast to increase by USD 42.1 billion at a CAGR of 3.5% between 2024 and 2029.

The market is experiencing significant shifts driven by three key factors. Firstly, the mass population shift towards urban cities is fueling a surge in demand for residential and commercial construction projects. This trend is expected to continue as more people move to urban areas in search of employment opportunities and improved infrastructure. Secondly, the adoption of dry construction techniques is gaining momentum in the Australian construction industry. Dry construction methods, such as precast concrete and modular construction, offer numerous advantages, including faster construction times, reduced labor costs, and improved sustainability. As a result, many construction companies are investing in these methods to stay competitive and meet the increasing demand for efficient and cost-effective construction solutions. However, the market is not without its challenges. The rising cost of construction materials is a significant obstacle for construction companies in Australia. Raw materials, such as steel, cement, and timber, have seen significant price increases in recent years due to various factors, including supply chain disruptions and increased demand. This trend is putting pressure on construction companies to find ways to reduce material costs while maintaining quality and efficiency. Additionally, the industry is facing regulatory challenges, with stricter building codes and environmental regulations adding complexity to construction projects and increasing costs. To navigate these challenges, construction companies must focus on innovation, efficiency, and collaboration with suppliers and regulators to find solutions that meet the evolving needs of the market.

What will be the size of the Australia Construction Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The Australian construction market is characterized by a complex regulatory environment and a focus on innovation and sustainability. Construction industry regulations ensure building codes are met, while value engineering and construction cost management help minimize expenses. Sustainable building practices, such as energy efficiency and water conservation, are increasingly prioritized. Construction innovations, including prefabricated structures, automation, drones, and 3D printing, are transforming the industry. Construction risk analysis is crucial for project completion and scheduling, with safety regulations and quality assurance essential for workforce development. Construction equipment parts and repair, as well as heavy equipment rental, are key components of project risk assessment and cost management. The skills gap in the construction workforce is a significant challenge, with AI and modular construction offering potential solutions. Construction insurance claims and project risk assessment are integral to managing unexpected events and ensuring building performance. Construction labor shortages necessitate continuous workforce development and the adoption of new technologies.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. SectorBuilding constructionInfrastructure constructionIndustrial constructionEnd-userEngineeringResidentialNon-residentialTypeNew constructionRedevelopmentGeographyAPACAustralia

By Sector Insights

The building construction segment is estimated to witness significant growth during the forecast period.

The construction industry in Australia is marked by significant growth in both residential and commercial sectors. With an increasing population of 26.05 million people in 2022, according to World Bank Data, the demand for housing, whether single-family homes or multi-unit developments, is on the rise. Cities like Sydney and Melbourne have seen an increase in high-rise apartment projects to cater to the urban population. In commercial construction, the growing business sector fuels the demand for office and retail space. Environmental regulations play a crucial role in the industry, with a focus on sustainable practices and green building. Construction technology advances have led to innovations such as 3D modeling, construction software, and automation in heavy machinery like skid steer loaders and backhoe loaders. Construction safety is a top priority, with worksite safety regulations strictly enforced. Construction projects require substantial investment capital, from construction financing and project bidding to construction c

Water treatment services are intertwined with Australia's wider water security – purification and wastewater management are essential for making the most of existing resources and reducing any environmental harms. The Millennium drought in the 2000s still reverberates today, as public and private sector funding flows to improving water security. An expanding population has ensured ongoing demand for water treatment, as more households require stable drinking water and sewage management services. While industrial demand fluctuated over the course of the pandemic, food and beverage manufacturers have continued to rely on water in their production processes. In recent years, mining firms have cashed in on surging commodity prices, with corresponding demand for water to extract and process minerals. On the other hand, high annual rainfall has reduced the volume of demand for bulk water purification and steep fluctuations in migration have slowed population growth. Together these trends contributed to revenue declining at an annualised 3.2% over the past five years, including a 1.4% fall in 2024-25, to total an estimated $6.7 billion. Looking ahead, climate change and population growth will pressure water treatment providers to amplify existing resources and deal with stretched water availability. The water supply chain is bracing for potential climate change impacts, implementing mitigation strategies to ensure long-term water security. Water treatment techniques that focus on recycling existing resources, like desalination, will be relied on to bolster the water supply. As Australia's transition to renewable energy sources builds momentum, water treatment providers are embracing biogas to fuel their energy-intensive processes. This kind of innovation will be needed to improve existing approaches, and explore new avenues for water treatment. Conversely, these ventures will need a flurry of capital investments, which will lift fixed costs in the industry. Higher capital costs will flow through to higher bills for consumers. Overall, revenue is projected to grow at an annualised 1.2% over the next five years, and is forecast to reach $7.1 billion.

The Australian payments industry is experiencing robust growth, projected to reach a market size of $0.92 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.44% from 2025 to 2033. This signifies a significant expansion of the sector driven by several key factors. The increasing adoption of digital payment methods, fueled by rising smartphone penetration and e-commerce activity, is a major contributor. Furthermore, government initiatives promoting digital financial inclusion and the ongoing development of robust and secure payment infrastructure are accelerating market growth. The rise of contactless payments, buy-now-pay-later (BNPL) services, and embedded finance solutions are reshaping the competitive landscape and attracting new players. While challenges exist, such as the need for enhanced cybersecurity measures and addressing consumer concerns about data privacy, the overall outlook remains exceptionally positive. This expansion is evident in the diverse range of companies operating within the sector, including established players like Mastercard and Visa, alongside innovative fintech firms like Pin Payments, Secure Pay, and others. Competition is fierce, yet innovation continues to drive growth. The market is segmented by payment type (credit cards, debit cards, mobile payments, online payments, etc.), transaction value, and end-user industry (e-commerce, retail, hospitality, etc.). While precise regional breakdowns are unavailable, it's reasonable to expect a significant concentration of market activity in major urban centers like Sydney and Melbourne, mirroring overall economic activity and population distribution within Australia. The forecast period (2025-2033) promises considerable expansion, fueled by the sustained growth of e-commerce, the broader adoption of digital technologies, and the ongoing evolution of payment solutions in Australia. Key drivers for this market are: High Proliferation of E-commerce, including the rise of m-commerce and cross-border e-commerce supported by the increase in purchasing power, Enablement Programs by Key Retailers and Government encouraging digitization of the market; Growth of Real-time Payments in Germany. Potential restraints include: , Threat to Security of Fingerprint Data Within the System; Limitations of the Technology Leading to Breaches. Notable trends are: E-Commerce Segment is Anticipated to Witness Significant Growth.

The University and Other Higher Education industry is grappling with the post-pandemic landscape. The COVID-19 outbreak significantly shifted the industry's demand and delivery methods. Social distancing requirements and operational constraints caused most universities to pivot online. Remote learning has remained embedded into teaching post-pandemic, providing convenience for students and profitability benefits for universities. A heightened focus on research during the pandemic offset revenue lost from declines in tuition fees. This trend has been slowing and is under additional threat from a US Government that appears intent on reducing its funding for foreign-based research, to the detriment of Australian institutions. The industry's labour market has been volatile as the pandemic pushed universities to increasingly casualise their workforces. Controversies over underpayment have led to reputational damage and strikes among major Australian universities. Melbourne University's enforceable agreement with the Fair Work Ombudsman to pay more than $72.0 million to over 25,000 staff highlights the magnitude of these disputes. Economic and demographic factors have aided the industry's post-pandemic recovery despite these pressures. A depreciating Australian dollar has benefited returning international students, while growth in the population of people aged 18 to 25 has bolstered domestic enrolments. Lower secondary school retention rates, slipping during the pandemic, are dampening this growth. Overall, revenue is expected to drop at an annualised 1.9% to an estimated $38.8 billion over the five years through 2024-25. This trend includes a 0.6% drop in revenue anticipated for 2024-25. The outlook for the industry is promising, driven by changing labour market conditions and demographic trends. Stricter visa requirements to control migration will pose challenges. However, the industry will face these constrictions by constructing new student accommodation facilities, allowing institutions to enrol international students beyond their designated cap. The consolidation of the University of Adelaide and the University of South Australia into Adelaide University in 2026 will intensify competition for enrolments, particularly from international students, given its ambitious ranking goals. These factors mean revenue is forecast to climb at an annualised 2.1% to $43.1 billion through the end of 2029-30.

Public transport services offer a cost-effective, convenient, safe and mostly environmentally friendly travel option to the general public. Prior to the pandemic passenger numbers were growing strongly as the population increased, particularly in Sydney and Melbourne, while public transport fares also expanded. However, travel patterns changed drastically during the pandemic in response to social distancing and lockdown measures, which greatly limited passenger numbers, negatively affecting demand for public transport. Overall, revenue for public transport providers is expected to decline at 3.2% per year over the five years through 2023-24, reaching $28.2 billion. This includes an anticipated increase of 1.9% in 2023-24, partly due to an ongoing, but slow, recovery in the number of commuters. More Australians than ever are living in urban areas, generating strong demand for transport options. Regional cities have also exhibited strong population growth, with residents demanding accessible transport options to and from these towns. Car transport costs and congestion on Australian roads have both increased, encouraging commuters to switch to public transport options. Operators have undertaken efforts to expand their networks and capacity to accommodate growing populations. However, government funding for public transport in many areas has been unable to keep pace with demand, causing some unreliability with services. Public transport providers are set to expand as Australia's population is forecast to increase steadily and workers are expected to increasingly be asked to return to the office, boosting demand for public transport. New capacity and networks across the country are due to open, while improvements to ticketing systems are also set to be implemented. These factors are set to boost passenger use, which, combined with fare increases, is poised to bolster revenue. Additionally, significant investments are being made to make public transport more environmentally friendly, supporting demand from environmentally conscious consumers. Overall, revenue is projected to increase at an average of 1.3% per year over the five years through 2028-29, to total $30.0 billion.

Toll road operators charge motorists for the right to access high-quality roads that reduce travel times. Revenue growth from individual toll roads is typically steady because traffic increases with population growth and urbanisation, while fee increases are regulated. However, revenue volatility can heighten when new roads enter operation, creating additional revenue streams for the industry. The industry largely operates through partnerships with the public sector, taking on the cost of constructing and maintaining new roads in exchange for multi-decade concessions that allow them to charge tolls. Some toll roads are owned directly by state governments, which charge tolls to cover maintenance and control traffic flows. Industry revenue is expected to have grown at an annualised 2.8% over the five years through 2024-25, to total $5.0 billion. This trend includes an anticipated 1.4% dip in 2024-25. Newly constructed toll roads and steady growth in pricing have driven the industry’s expansion. The completion of new roads, bridges and tunnels has also driven revenue growth. State governments have undertaken projects to address congestion and infrastructure bottlenecks, which has caused additional toll roads to be developed. However, fluctuations in traffic volumes – particularly during the COVID-19 pandemic, when restrictions limited private motorists' use of toll roads – have constrained revenue, leading to revenue declines in 2019-20 and 2021-22. Despite this, pricing growth, a quick recovery in traffic in Sydney, additional toll roads and increased road freight activity have since lifted revenue. The Toll Road Operators industry comprises only a few players, with all of Australia's toll roads concentrated in New South Wales, Victoria and Queensland. The completion and opening of new assets in recent years and further projects scheduled to be completed in the next few years will fuel the industry's continued growth. Furthermore, rising vehicle numbers and toll charges will aid revenue growth from existing toll roads. However, a major toll road review by the NSW Government has the potential to shake up the industry. Industry revenue is forecast to grow at an annualised 5.6% over the five years through 2029-30, to $6.5 billion.

The Australian taxi industry, currently valued at approximately $3.73 billion (2025 estimated), is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 9.60% from 2025 to 2033. This growth is fueled by several key factors. Increasing urbanization and population density in major Australian cities like Sydney and Melbourne are driving demand for convenient and efficient transportation solutions. The rising adoption of smartphone technology and the increasing popularity of ride-hailing apps like Uber and Ola are significantly impacting the industry, shifting consumer preferences towards online booking options. Furthermore, the expanding middle class with increased disposable income contributes to higher spending on transportation services, boosting the market. However, the industry faces challenges such as stringent government regulations regarding licensing and fares, intense competition from ride-sharing platforms, and fluctuating fuel prices which impact operational costs. The segmentation of the market reveals a strong preference for online bookings, with a growing demand for SUVs/MPVs reflecting changing consumer needs. Companies like Uber Technologies Inc., Ola, and local players like Legion Cabs and GoCatch are key players vying for market share, adapting to technological advancements and consumer expectations. The competitive landscape fosters innovation, resulting in improved service offerings, technological integrations and more competitive pricing strategies. The future of the Australian taxi industry is dynamic. While the dominance of ride-hailing apps continues to shape the market, traditional taxi services are also adapting, often incorporating technological upgrades to enhance customer experience and operational efficiency. The industry’s growth trajectory will depend on successfully navigating regulatory hurdles, maintaining cost-effectiveness in a competitive landscape, and continuing to meet evolving consumer preferences. Further diversification of services, such as airport transfers and specialized transportation, will be crucial for sustained growth. Regional variations in market penetration exist; larger metropolitan areas naturally experience greater demand and higher adoption of technology compared to more rural regions. The industry's ability to leverage technological innovations to offer efficient, safe, and affordable services will be key to sustained success. This comprehensive report provides a detailed analysis of the Australian taxi industry, covering the period from 2019 to 2033. It leverages historical data (2019-2024), focusing on the base year 2025 and forecasting market trends until 2033. The report examines key market players, including Uber Technologies Inc, Taxi Apps Pty Ltd (GoCatch), GM Cabs, and others, offering invaluable insights for investors, businesses, and policymakers. With a focus on high-growth segments, including ride-hailing and ridesharing services, this report is essential for understanding the dynamic landscape of the Australian taxi market. Recent developments include: October 2022: Ingenico, the most trusted technological partner for payment acceptance, and Live Payments, one of Australia's leading payment service providers, announced their cooperation for long-term strategic partnerships to equip retailers and taxis with seamless and convenient payment and commerce solutions., October 2022: Uber announced the addition of the 500 Polestar 2s from Australia's largest provider of vehicle subscriptions to the rideshare segment. It announced its plans to offer them as the backbone of new electric rideshare from 2023 called Custom Electric for the taxi services in Sydney., April 2023: GM Cabs, the integral taxi service in Australia with a network of 30,000 taxis, announced the official launch of Taxi-Share 2023, a progressive and hybrid taxi service that combines the best of taxis and rideshare under the GM Cabs brand.. Key drivers for this market are: Growing Tourism Industry in Australia. Potential restraints include: Varying Government Regulations on Taxi Services. Notable trends are: Online Booking Holds the Highest Share.