Hire Industry Exceeds $12 Billion
In the latest report from Ibis World, the Australian Hire industry has been valued at over $12 billion in 2025.
The market, which comes under the ANZSIC 2006 code 6631, captures all dry hire equipment categories, including cranes, scaffolding, powered access, general construction machinery, and site services.
The details of Ibis’s latest report show that the sector moved at am average revenue growth rate of 1.1% to 2025. While residential construction continues to be constrained, non-building infrastructure work has been a boon for hire companies since the COVID19 pandemic.
Future Home Building Strategies
The overall Australian residential building outlook is cautiously optimistic, anticipating a rebound in new home starts driven by earlier-than-expected interest rate cuts and renewed buyer confidence, though a significant housing supply shortfall is expected to persist due to labour shortages, rising costs, and policy lags.
Federal government initiatives aim to accelerate planning processes, encourage medium- and high-density housing in well-located areas, and update strategic plans to meet housing supply targets.
NSW has mandated more low- and mid-rise housing in designated areas to bridge the gap between detached homes and high-rises, improving housing choices and development potential, with policies that focus on making it easier and faster to get approvals for new housing projects.
In Victoria, a strategy for residential building involves a “greenfields plan” to deliver 180,000 homes in outer suburbs, and the “Future Homes” program to streamline planning for three-storey apartment developments using pre-approved designs in eligible locations.
Queensland’s strategies for residential building, “Homes for Queenslanders” and “Securing our Housing Foundations” plans focus on increasing overall housing supply, delivering 53,500 new social and community homes by 2044.
WA has recently allocated $1.4 billion in the State Budget to boost housing supply.
South Australia’s strategy for residential building is the SA Housing Roadmap, which outlines measures for short-term housing supply increases, including land release and funding for affordable housing, complementing the longer-term South Australian Planning Strategy and the Greater Adelaide Region Plan (GARP)
For more detailed analysis from Ibis World, visit: IbisWorld.
