New South Wales to Drive Australia interior fit out market through 2024
Growing commercial sector and rising
technological integration at workplaces to drive Australia interior fit out
market through 2024
According to TechSci Research
report, “Australia Interior FitOut Market By Application, By Region, Competition, Forecast &
Opportunities, 2014 - 2024”, Australia
interior fit out market is projected to grow at a CAGR of over 14% during
2019-2024. The double-digit growth of Australia interior fit out market can be
attributed to rapid urban infrastructure developments across the country,
growing demand for non-residential construction coupled with favorable
government policies and low mortgage interest rates that have provided a
conducive operating environment for interior fit out industry and pushed the market
demand over the last five years.
In terms of region, Australia
interior fit out market has been divided into Australia Capital Territory &
New South Wales, Victoria & Tasmania, Queensland, Northern Territory &
Southern Australia, and Western Australia. Australia Capital Territory &
New South Wales dominate Australia interior fit out market and the region is
expected to maintain its dominance during the forecast period as well owing to
high demand for office spaces and rising investments in the region’s construction.
This region consists of areas like North Sydney, Chatswood, St Leonards and
Macquarie Park where demand for commercial spaces is witnessing an increase.
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market data Figures and Tables spread through 80 Pages and an in-depth TOC
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Additionally, changing retail
landscape in Australia and rising construction requirements from the retail
sector, which includes retail stores, shopping malls, superstores, hyperstores,
and departmental stores, are further expected to derive the growth of Australia
interior fit out market. Growing digitalization and use of technology, coupled
with rising consumer expectations from both store-based and non-store-based
retail and distribution channels, is pushing the industry players to
restructure their store formats and warehouses, and re-examine their
infrastructure strategy. This will further boost the growth of retail interior
fit out market, which is expected to exhibit the highest growth rate during the
forecast period.
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Some of the leading companies
operating in Australia interior fit out market are Shape Australia Pty Ltd,
Unispace Global Pty Ltd., Unita (Qld) Pty Ltd, Projects Queensland Interiors,
Zircon Interiors, Contour Commercial Interiors, InOne Projects, MPA, DY
Constructions Australia Pty Ltd, etc. “Australia’s interior fit out market is
expected to get a push from growing focus of the Australian government towards
smart city projects that include building smart homes with home energy
management system, home automation and home safety and security, along with lighting
and HVAC management, and fire & alarm system management. Also, with technological
integration gaining traction in the country due to increasing complexity of new
buildings and high data dependency for their efficient operations, the market
for interior fit out in Australia is further expected to witness a strong
growth during the forecast period.” said Mr. Karan Chechi Research Director
with TechSci Research, a research based global management consulting firm.
“Australia Interior Fit
Out Market By Application, By Region, Competition, Forecast & Opportunities,
2014 - 2024” has evaluated the future growth
potential of Australia interior fit out market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in Australia interior fit out market.
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