Construction in Austria - Key Trends and Opportunities to 2025

The Austrian construction industry contracted by 3.2% in real terms in 2020, as a result of disruptions caused by the Coronavirus (COVID-19) outbreak and the subsequent lockdown measures. This decline was due to the temporary closure of businesses across the country, resulting in an increase in unemployment, a fall in disposable income and weak consumer and investor confidence.

The latest data release by Eurostat shows that the construction industry's value-add declined by 2.1% in the first three quarters of 2020, on a yearly basis. In 2021, the construction industry's output is expected to recover with growth of 2.2%, driven by the government's focus on the development of the country's transport and energy infrastructure. Downside risks remain, however, including a prolonged second outbreak.

The vaccine rollout is expected to provide scope for a revival in investor confidence, and output is forecast to grow at an annual average rate of 1.8% over 2022-2025. Growth in the sector will 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.

This report 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.

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

4 Construction Outlook

• 4.1 All Construction
• 4.2 Commercial Construction
• 4.3 Industrial Construction
• 4.4 Infrastructure Construction
• 4.5 Energy and Utilities Construction
• 4.6 Institutional Construction
• 4.7 Residential Construction

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 GlobalData Construction

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
• Ta

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