Key Trends and Opportunities in the Austrian Construction Market 2022-2026
DUBLIN–(BUSINESS WIRE)–The “Austria Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
Activity in the Austrian construction industry expanded in the first three quarters of last year, with the industry’s value add registering year-on-year (Y-o-Y) growth of 5.5% in real terms. However, the resurgence of Coronavirus (COVID-19) cases and the subsequent re-imposition of a nationwide lockdown in mid-November 2021 are expected to have weighed on the industry’s output in the final quarter of 2021.
The publisher expects the industry to continue to expand in 2022, rising by 2.7% in real terms. The industry’s growth will be supported by progress in the country’s vaccination drive, coupled with the public and private sector investment in the country’s transport infrastructure.
Over the remainder of the forecast period, the construction industry is expected to register an annual average growth of 2% between 2023-2026, supported by the government’s focus on the development of infrastructure, as well as energy and utilities construction projects. Improvements in consumer and investor confidence and positive developments in regional economic conditions will also provide momentum. The industry’s output will also be supported by the government’s plan to construct 30,000 housing units by 2022 through the ‘Housing Initiative’ program, a housing supply program supported by the European Investment Bank (EIB), with a total budget of EUR5.8 billion ($6.6 billion).
The industry’s output over the forecast period 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 its efforts to boost energy production. To achieve the goal of a climate neutral rail network by 2035, all domestic lines spanning 500km will be electrified by 2030 and thus Austrian Federal Railways (OBB) will be provided funding of EUR18.2 billion ($19.27 billion) for the expansion and upgrade of the country’s rail infrastructure during 2022-2027. Moreover, in July 2021, the government approved a bill setting out EUR1 billion ($1.1 billion) per year in government funding for renewable energy, aimed at ensuring that all electricity consumption in Austria is generated from renewables by 2030 and making the country carbon-neutral by 2040.
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
This report provides a comprehensive analysis of the construction industry in Austria. It provides:
- Historical (2017-2021) and forecast (2022-2026) 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
Key Topics Covered:
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
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
For more information about this report visit https://www.researchandmarkets.com/r/vb6c29
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