Press Release

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.

Browse 37 market data Figures and Tables spread through 80 Pages and an in-depth TOC on "Australia Interior Fit Out Market "

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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