Austria Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027
Summary
The construction industry in Austria is expected to shrink by 1.1% in real terms in 2023, owing to headwinds caused by high inflation, rising interest rates, and labor shortages in the country. According to Statistics Austria, in annual terms, the average inflation rate accelerated from 2.8% in 2021 to 8.6% in 2022. The buildings sectors will contract in 2023, being only partly offset by marginal growth in the infrastructure and energy and utilities sectors. Overall industry growth in 2023 will also be weighed down by subdued investor confidence, amid high energy prices and the weak global economic environment.
The Austrian construction industry is expected to pick up from 2024, supported by investment in the transport and electricity sectors. The government aims to generate 100% of the country’s electricity through wind, solar and hydropower energy sources by 2030, and reduce greenhouse gas emission by 36%, compared with 2005 levels, by that year. To meet this target, the country will be required to generate an additional 27TWh of electricity from renewable sources by 2030, according to government estimates. To decarbonize the industry and reduce its dependence on Russia, the Austrian government announced a plan in October 2022 to provide approximately EUR5.7 billion ($5.8 billion) in financing until 2030. The financing will be used for transforming the industry, transitioning to climate-friendly production facilities, supporting energy efficiency measures, and promoting research, among others. In another positive development, in December 2022, the European Investment Bank (EIB) reported that it will provide a framework loan of up to EUR100 million ($102.1 million) to the Austrian regional bank RLB NO-Wien to support investment in small and medium-sized renewable energy and energy efficiency projects in Austria.
The 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.
This report provides a comprehensive analysis of the construction industry in Austria. It provides -
- Historical (2018-2022) and forecast (2023-2027) 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
- 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.
- 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 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
- Table 1: Construction Industry Key Data
- Table 2: Austria, Key Economic Indicators
- Table 3: Austria, Commercial Construction Output by Project Type (Real % Change), 2018-27
- Table 4: Austria, Top Commercial Construction Projects by Value
- Table 5: Austria, Industrial Construction Output by Project Type (Real % Change), 2018-27
- Table 6: Austria, Top Industrial Construction Projects by Value
- Table 7: Austria, Infrastructure Construction Output by Project Type (Real % Change), 2018-27
- Table 8: Austria, Top Infrastructure Construction Projects by Value
- Table 9: Austria, Energy and Utilities Construction Output by Project Type (Real % Change), 2018-27
- Table 10: Austria, Top Energy and Utilities Construction Projects by Value
- Table 11: Austria, Institutional Construction Output by Project Type (Real % Change), 2018-27
- Table 12: Austria, Top Institutional Construction Projects by Value
- Table 13: Austria, Residential Construction Output by Project Type (Real % Change), 2018-27
- Table 14: Austria, Key Contractors
- Table 15: Austria, Key Consultants
- Table 16: Austria, Construction Output Value (Real, $ Million)
- Table 17: Austria, Construction Output Value (Nominal, EUR Million)
- Table 18: GlobalData Construction Market Definitions
- Table 19: Risk Dimensions
- Table 20: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Western Europe, Construction Output (Real % Change), 2021-27
- Figure 2: Austria, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
- Figure 3: Austria, Risk Summary
- Figure 4: Austria, Risk Regional Comparison
- Figure 5: Austria, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2018-27
- Figure 6: Austria, Construction Output Value, by Sector (Real, $ Million), 2018-27
- Figure 7: Austria, Construction Turnover Index (2015=100)
- Figure 8: Austria, Construction Value Add (EUR Million, 2015 Chain Linked Volumes)
- Figure 9: Austria, Construction New Orders Index (2015=100)
- Figure 10: Austria, Employment in the Construction Industry
- Figure 11: Austria, Gross Domestic Fixed Capital Formation in Building and Construction, (EUR Million, at 2015 chained prices)
- Figure 12: Austria, Construction Production Index (2015=100)
- Figure 13: Austria, Construction Projects Momentum Index
- Figure 14: Western Europe, Construction Projects Momentum Index
- Figure 15: Austria, Commercial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 10: Austria, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 17: Austria, Industrial Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 18: Austria, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 19: Austria, Industrial Production Index (2015=100)
- Figure 20: Austria, New Motor Vehicle Registrations (Number)
- Figure 21: Austria, Exports (EUR Million)
- Figure 22: Austria, Infrastructure Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 23: Austria, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 24: Austria, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 25: Austria, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: Austria, Information and Communication Value Add (EUR Million, 2015 Chain Linked Volumes)
- Figure 27: Austria, Institutional Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 28: Austria, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 29: Austria, Education Value Add (EUR Million, 2015 Chain Linked Volumes)
- Figure 30: Austria, Residential Construction Output by Project Type (Real, $ Million), 2018-27
- Figure 31: Austria, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 32: Austria, House Price Index (2015=100)
- Figure 33: Austria, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 34: Austria, Headquarters of Key Consultants (% of Total Project Pipeline)
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