Construction in Austria - Key Trends and Opportunities to 2025 (H2 2021)

The latest data released by Eurostat shows that Austria's construction industry value add grew by 2.7% in the first quarter of 2021, on a yearly basis. GlobalData expects the industry to continue expanding in the next few quarters and grow by 2.2% in real terms in 2021, and thereafter register an average annual growth of 1.9% during the period of 2022-2025. Growth in the industry is expected to be supported by public and private sector investment in the country's transport infrastructure, coupled with efforts to boost energy production.

Previously, in 2020, the industry had contracted by 2.1% in real terms in 2020, as a result of disruptions caused by the Coronavirus (COVID-19) outbreak and the subsequent lockdown measures. The temporary closure of businesses across the country resulted in an increase in unemployment, a fall in disposable income and the weakening of investor confidence. According to Statistics Austria, the country's economy contracted by 5.7% year on year (YoY) in Q4 2020. This was preceded by Y-o-Y declines of 3.7% in Q3, 13.5% in Q2 and 3.6% in Q1 2020. Overall, in 2020, the economy contracted of 6.6% in real terms.

The vaccine rollout is expected to enhance the revival in investor confidence. Growth in the construction sector will also be supported by the government's focus on improving regional connectivity through the development of the country's rail and road transport infrastructure, coupled with efforts to boost energy production. The development of Vienna airport, the upgrade of the Pottendorfer railway line and the aim of generating 100% electricity from renewable sources by 2030 are expected to support the industry and economy.

GlobalData's Construction in Austria - Key Trends and Opportunities to 2025 (H2 2021) report provides detailed market analysis, information, and insights into Austria's construction industry, including -

• Austria's construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Austria's construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Austria. It provides -

• Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Austria, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using GlobalData's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

• 3.1 Economic Performance
• 3.2 Political Environment and Policy
• 3.3 Demographics
• 3.4 COVID-19 Status
• 3.5 Risk Profile

4 Construction Outlook

• 4.1 All Construction
• Outlook
• Latest news and developments
• Construction Projects Momentum Index
• 4.2 Commercial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.3 Industrial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.4 Infrastructure Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.5 Energy and Utilities Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.6 Institutional Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.7 Residential Construction
• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

• 5.1 Contractors
• 5.2 Consultants

6 Construction Market Data

7 Appendix

• 7.1 What is this Report About?
• 7.2 Definitions
• 7.3 CRI Methodology
• 7.4 GlobalData Construction
• Contact Us

List of Tables

List of Tables

• Table 1: Construction Industry Key Data
• Table 2: Austria, Key Economic Indicators
• Table 3: Austria, Commercial Construction Output by Project Type (Real % Change), 2016-2025
• Table 4: Austria, Top Commercial Construction Projects by Value
• Table 5: Austria, Industrial Construction Output by Project Type (Real % Change), 2016-2025
• Table 6: Austria, Top Industrial Construction Projects by Value
• Table 7: Austria, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
• Table 8: Austria, Top Infrastructure Construction Projects by Value
• Table 9: Austria, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
• Table 10: Austria, Top Energy and Utilities Construction Projects by Value
• Table 11: Austria, Institutional Construction Output by Project Type (Real % Change), 2016-2025
• Table 12: Austria, Top Institutional Construction Projects by Value
• Table 13: Austria, Residential Construction Output by Project Type (Real % Change), 2016-2025
• Table 14: Austria, Top Residential Construction Projects by Value
• Table 15: Austria, Key Contractors
• Table 16: Austria, Key Consultants
• Table 17: Austria, Construction Output Value (Real, US$ Million)
• Table 18: Austria, Construction Output Value (Nominal, EUR Million)
• Table 19: GlobalData Construction Market Definitions
• Table 20: Risk Dimensions
• Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

• Figure 1: Western Europe, Construction Output (Real % Change), 2020 and 2021
• Figure 2: Austria, Construction Projects Pipeline by Sector (US$ Billion)
• Figure 3: Austria, COVID-19 Confirmed Cases
• Figure 4: Austria, Risk Summary
• Figure 5: Austria, Risk Regional Comparison
• Figure 6: Austria, Construction Output Value (Real, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
• Figure 7: Austria, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
• Figure 8: Austria, Construction Value-Add (EUR Million, 2015 Chain Linked Volumes)
• Figure 9: Austria, Construction New Orders Index (2015=100)
• Figure 10: Austria, Construction Turnover Index (2015=100)
• Figure 11: Austria, Volume Production Index (2015=100)
• Figure 12: Austria, Building Permits (Number)
• Figure 13: Austria, Employment in Construction Industry
• Figure 14: Austria, Construction Projects Momentum Index
• Figure 15: Western Europe, Construction Projects Momentum Index
• Figure 16: Austria, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 17: Austria, Commercial Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 18: Austria, Overnight Stays (Number, in Thousand)
• Figure 19: Austria, Industrial Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 20: Austria, Industrial Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 21: Austria, Industrial Production Index (2015=100)
• Figure 22: Austria, Exports (EUR Million)
• Figure 23: Austria, New Motor Vehicle Registrations (Number)
• Figure 24: Austria, Infrastructure Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 25: Austria, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 26: Austria, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 27: Austria, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 28: Austria, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 29: Austria, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 30: Austria, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
• Figure 31: Austria, Residential Construction Projects Pipeline, Value by Stage (US$ Million)
• Figure 32: Austria, House Price Index (2015=100)
• Figure 33: Austria, Residential Building Permits (Number)
• Figure 34: Austria, Headquarters of Key Contractors (% of Total Project Pipeline)
• Figure 35: Austria, Headquarters of Key Consultants (% of Total Project Pipeline)