Construction in Austria - Key Trends and Opportunities to 2023

The Austrian construction industry registered growth of 3.1% and 2.8% in real terms in 2017 and 2018 respectively, following an average annual growth of -1.3% during 2014-2016. Consequently, the industry's output value, measured at constant 2017 US dollar exchange rates, increased from US$59.4 billion in 2016 to US$63 billion in 2018. This growth can be attributed to positive developments in economic conditions, improvement in consumer confidence and investments in the commercial, industrial and office construction projects.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 1.75% over the forecast period, compared to 1.03% during the review period (2014-2018). The industry is consequently expected to rise from a value of US$63 billion in 2018 to US$68.7 billion in 2023, measured at constant 2017 US dollar exchange rates. Over the forecast period (2019-2023), the industry's output is expected to be supported by the government's efforts to develop the country's transport, residential, and energy and utilities infrastructure. The implementation of the Austrian Climate and Energy Strategy will drive investment in the development and expansion of wind and hydroelectric power plants in the country.

Accounting for 43.1% of the industry's total value in 2018, residential construction was the largest market in the Austrian construction industry during the review period. The market is expected to retain its position over the forecast period, and account for 42.1% of the industry's total value in 2023. Infrastructure construction accounted for 19.9% of the industry's total output in 2018, followed by commercial construction with 16.2%, industrial construction with 9.6%, institutional construction with 5.7% and energy and utilities construction with 5.5%.

The total construction project pipeline in Austria including all mega projects with a value above US$25 million - stands at EUR55.7 billion (US$65.6 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 62.2% of the pipeline value being in projects in the pre-execution and execution stages as of May 2019.

The report "Construction in Austria - Key Trends and Opportunities to 2023" provides detailed market analysis, information and insights into the Austrian construction industry, including -

• The Austrian 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 the Austrian construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Furthermore, the report helps the user to -

• Identify and evaluate market opportunities using 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 critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Scope

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

• Historical (2014-2018) and forecast (2019-2023) 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

• 1 Executive Summary
• 2 Construction Outlook: At-a-glance
• 3 Latest News and Indicators
• 4 Key Drivers and Risks
• 4.1. Economic Performance
• 4.2. Political Environment
• 4.3. Demographics
• 4.4. Risk Profile
• 5 Construction Outlook
• 5.1. All Construction
• 5.1.1. Outlook
• 5.1.2. Project analytics
• 5.2. Commercial Construction
• 5.2.1. Outlook
• 5.2.2. Project analytics
• 5.3. Industrial Construction
• 5.3.1. Outlook
• 5.3.2. Project analytics
• 5.4. Infrastructure Construction
• 5.4.1. Outlook
• 5.4.2. Project analytics
• 5.5. Energy and Utilities Construction
• 5.5.1. Outlook
• 5.5.2. Project analytics
• 5.6. Institutional Construction
• 5.6.1. Outlook
• 5.6.2. Project analytics
• 5.7. Residential Construction
• 5.7.1. Outlook
• 5.7.2. Project analytics
• 6 Key Industry Participants
• 6.1. Contractors
• 6.2. Consultants

7 Appendix

• 7.1. What is this Report About?
• 7.2. Definitions
• 8 About GlobalData
• 8.1. GlobalData at a Glance
• 8.2. GlobalData Construction
• 8.3. Disclaimer
• 8.4. Contact Us

List of Tables

• Table 1: Construction Outlook
• Table 2: Austria, Key Economic Indicators
• Table 3: Austria, Construction Output Value (nominal, EUR Million)
• Table 4: Austria, Construction Output Value (nominal, US$ Million)
• Table 5: Austria, Top Commercial Construction Projects by Value
• Table 6: Austria, Top Industrial Construction Projects by Value
• Table 7: Austria, Top Infrastructure Construction Projects by Value
• Table 8: Austria, Top Energy and Utilities Construction Projects by Value
• Table 9: Austria, Top Institutional Construction Projects by Value
• Table 10: Austria, Top Residential and Mixed-Use Construction Projects by Value
• Table 11: Austria, Key Contractors
• Table 12: Austria, Key Consultants
• Table 13: GlobalData Construction Market Definitions
• Table 14: Construction Risk Index Ratings and Scores

List of Figures

• Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
• Figure 2: Austria, Construction Projects Pipeline by Sector (EUR Billion)
• Figure 3: Austria, New Building Approvals (Total Numbers)
• Figure 4: Austria, House Price Index (At 2015 Base Prices)
• Figure 5: Austria, Construction New Orders Index
• Figure 6: Austria, Risk Profile
• Figure 7: Austria, Risk Comparison
• Figure 8: Austria, Construction Output Value (Real, US$ Billion 2017 prices and exchange rate)
• Figure 9: Austria, Construction Output Value, Growth Matrix
• Figure 10: Austria, Construction Output Value, by Sector (EUR Million), 2014-2023
• Figure 11: Austria, Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 12: Austria, Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 13: Austria, Commercial Construction Output by Project Type (EUR Million), 2014-2023
• Figure 14: Austria, Commercial Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 15: Austria, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 16: Austria, Industrial Construction Output by Project Type (EUR Million), 2014-2023
• Figure 17: Austria, Industrial Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 18: Austria, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 19: Austria, Infrastructure Construction Output by Project Type (EUR Million), 2014-2023
• Figure 20: Austria, Infrastructure Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 21: Austria, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 22: Austria, Energy and Utilities Construction Output by Project Type (EUR Million), 2014-2023
• Figure 23: Austria, Energy and Utilities Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 24: Austria, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 25: Austria, Institutional Construction Output by Project Type (EUR Million), 2014-2023
• Figure 26: Austria, Institutional Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 27: Austria, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 28: Austria, Residential Construction Output by Project Type (EUR Million), 2014-2023
• Figure 29: Austria, Residential Construction Projects Pipeline, Value by Stage (EUR Million)
• Figure 30: Austria, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (EUR Million), 2018-2023
• Figure 31: Austria, Headquarters of Key Contractors (% of Total Project Pipeline)
• Figure 32: Austria, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
• Figure 33: Austria, Headquarters of Key Consultants (% of Total Project Pipeline)
• Figure 34: Austria, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)