The Australian market is one of the most interesting markets in the world with around 16 million incorporated companies.
The Australian economy is current stable, low risk and has been growing for the last 26 years.
From this graph, we can see that Professional, Scientific, and Technical Services is the largest industry in the country, as it represents 17.79% of the market.
The second and third largest sectors in Australia are the Construction and Retail Trade sectors, with 13.97% and 13.28% of the market respectively.
The Professional, Scientific, and Technical Services sector comprises of establishments that specialise in performing professional, scientific, and technical activities for others. These include: legal advice and representation; accounting, bookkeeping, and payroll services; architectural, engineering, and specialised design services; computer services; consulting services; research services; advertising services; photographic services; translation and interpretation services; veterinary services; and other professional, scientific, and technical services.
The Construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects (e.g., highways and utility systems). Establishments primarily engaged in the preparation of sites for new construction and establishments primarily engaged in subdividing land for sale as building sites also are included in this sector.
The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and non-store retailers.
Australia has had consistent economic growth, which makes it an excellent market for the creation of strategic partnerships, particularly in the industries mentioned above.
The data presented is referred to the sectors in the NAICS 2017 and were updated in September 2018.