Growth sectors in Australia Nationally, there are six sectors forecast to grow rapidly over the next decade (based on PwC’s GEM modelling and IBISWorld growth projections). These are: Online Retail and Services, including online consumer goods (e.g. groceries, baby products, book sales), car sharing providers, internet publishing and broadcasting; Health Care and Social Assistance, including aged care residential services, child care services, diagnostic imaging, mobility equipment stores, health services; Rental, Hiring and Real Estate Services, including residential real estate advertising, services apartments, mortgage brokers; Professional, Scientific and Technical Services, including date storage services, self-managed superannuation funds, software testing and publishing; Construction, including wind farm construction, infrastructure maintenance services, Defence industry, road and rail maintenance; and Mining, including oil and gas extraction, gravel and sand quarrying and mining support services. Infrastructure Projects Major infrastructure projects are significant opportunities for the Indigenous business sector, particularly given building and construction have been a key focus for Commonwealth, state and territory governments issuing contracts to Indigenous businesses. These contracts have covered a range of industries including housing, infrastructure, roads, civil works and delivery of goods and services. In addition to the $700 million Northern Australia roads package, major government infrastructure projects that are committed or under construction include the National Broadband Network ($44.0 billion); WestConnex Road Project Sydney ($16.8 billion); Sydney Metro Rail Project ($37.9 billion); Melbourne Metro Rail Project ($11.0 billion); and the Pacific Highway Upgrade Road Project NSW ($10.7 billion). The largest sector of expenditure by a significant margin is transport and storage, with over $100 billion of expenditure in the pipeline across Australia. Community and other services has a lower but not insignificant indicated spend across most regions. These large-scale infrastructure projects can provide opportunities for Indigenous businesses to be contracted to deliver goods and services.
Growth sectors in Australia Nationally, there are six sectors forecast to grow rapidly over the next decade (based on PwC’s GEM modelling and IBISWorld growth projections). These are: Online Retail and Services, including online consumer goods (e.g. groceries, baby products, book sales), car sharing providers, internet publishing and broadcasting; Health Care and Social Assistance, including aged care residential services, child care services, diagnostic imaging, mobility equipment stores, health services; Rental, Hiring and Real Estate Services, including residential real estate advertising, services apartments, mortgage brokers; Professional, Scientific and Technical Services, including date storage services, self-managed superannuation funds, software testing and publishing; Construction, including wind farm construction, infrastructure maintenance services, Defence industry, road and rail maintenance; and Mining, including oil and gas extraction, gravel and sand quarrying and mining support services. Infrastructure Projects Major infrastructure projects are significant opportunities for the Indigenous business sector, particularly given building and construction have been a key focus for Commonwealth, state and territory governments issuing contracts to Indigenous businesses. These contracts have covered a range of industries including housing, infrastructure, roads, civil works and delivery of goods and services. In addition to the $700 million Northern Australia roads package, major government infrastructure projects that are committed or under construction include the National Broadband Network ($44.0 billion); WestConnex Road Project Sydney ($16.8 billion); Sydney Metro Rail Project ($37.9 billion); Melbourne Metro Rail Project ($11.0 billion); and the Pacific Highway Upgrade Road Project NSW ($10.7 billion). The largest sector of expenditure by a significant margin is transport and storage, with over $100 billion of expenditure in the pipeline across Australia. Community and other services has a lower but not insignificant indicated spend across most regions. These large-scale infrastructure projects can provide opportunities for Indigenous businesses to be contracted to deliver goods and services.