Summary
Government Spending in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
- The Australian government spending sector had a total expenditure of $431.9 billion in 2022, representing a compound annual growth rate (CAGR) of 6.8% between 2017 and 2022.
- The social protection segment accounted for the sector's largest proportion in 2022, with a total expenditure of $153.5 billion, equivalent to 35.5% of the sector's overall value.
- Government spending across sectors is primarily driven by demographic trends, economic conditions, security considerations, public sentiment, and technological advancements. Demographics, including population size and age distribution, shape the need for investments in healthcare, education, and pensions. For instance, according to GlobalData, the total population of Australia increased by 1.1% in 2022 from the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the government spending market in Australia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Australia
- Leading company profiles reveal details of key government spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Australia government spending market with five year forecasts
Reasons to Buy
- What was the size of the Australia government spending market by value in 2022?
- What will be the size of the Australia government spending market in 2027?
- What factors are affecting the strength of competition in the Australia government spending market?
- How has the market performed over the last five years?
- How large is Australia’s government spending market in relation to its regional counterparts?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do leading players follow?
7.3. What have been the most recent market developments?
8 Company Profiles
8.1. ASC Pty Ltd
8.2. BAE Systems Australia Ltd
8.3. Australian Rail Track Corporation Ltd
8.4. Decmil Group Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Australia government spending sector value: $ billion, 2017–22
Table 2: Australia government spending sector category segmentation: % share, by value, 2017–2022
Table 3: Australia government spending sector category segmentation: $ billion, 2017-2022
Table 4: Australia government spending sector geography segmentation: $ billion, 2022
Table 5: Australia government spending sector value forecast: $ billion, 2022–27
Table 6: ASC Pty Ltd: key facts
Table 7: ASC Pty Ltd: Key Employees
Table 8: BAE Systems Australia Ltd: key facts
Table 9: BAE Systems Australia Ltd: Key Employees
Table 10: Australian Rail Track Corporation Ltd: key facts
Table 11: Australian Rail Track Corporation Ltd: Key Employees
Table 12: Decmil Group Ltd: key facts
Table 13: Decmil Group Ltd: Annual Financial Ratios
Table 14: Decmil Group Ltd: Key Employees
Table 15: Australia size of population (million), 2018–22
Table 16: Australia gdp (constant 2005 prices, $ billion), 2018–22
Table 17: Australia gdp (current prices, $ billion), 2018–22
Table 18: Australia inflation, 2018–22
Table 19: Australia consumer price index (absolute), 2018–22
Table 20: Australia exchange rate, 2018–22
List of Figures
Figure 1: Australia government spending sector value: $ billion, 2017–22
Figure 2: Australia government spending sector category segmentation: $ billion, 2017-2022
Figure 3: Australia government spending sector geography segmentation: % share, by value, 2022
Figure 4: Australia government spending sector value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the government spending sector in Australia, 2022
Figure 6: Drivers of buyer power in the government spending sector in Australia, 2022
Figure 7: Drivers of supplier power in the government spending sector in Australia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in Australia, 2022
Figure 9: Factors influencing the threat of substitutes in the government spending sector in Australia, 2022
Figure 10: Drivers of degree of rivalry in the government spending sector in Australia, 2022
