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New Report : Construction in Austria Size, Share, Growth, Trend, Analysis and Forecast 2018

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New Report : Construction in Austria Size, Share, Growth, Trend, Analysis and Forecast 2018

Most up-to-date research on "Construction in Austria - Key Trends and Opportunities to 2018" to its huge collection of research reports.

Synopsis

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 type of construction activity
  • Analysis of equipment, material and service costs across each project type within Austria
  • Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Austrian construction industry
  • Profiles of the leading operators in the Austrian construction industry.
  • Data highlights of the largest construction projects in Austria

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Executive summary

The Austrian construction industry recorded a CAGR of 1.41% during the review period. Growth in the construction industry remained subdued during the review period as a result of the economic crisis. Over the forecast period, the outlook for construction is favorable due to increased investment in residential construction and the government’s focus on country’s infrastructure construction. Improving exports and global economic conditions and increased foreign direct investment (FDI) in the country will also help the industry to grow over the forecast period. According to national investment promotion company ABA – Invest in Austria, the total investment volume increased by 15.9% from EUR154.3 million (US$204.6 million) in the first half of 2013 to EUR180.0 million (US$242.8 million) in the first half of 2014. Consequently, the construction industry’s output is expected to record a forecast-period CAGR of 3.17%.

Scope

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

  • Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Austria using construction output and value-add methods
  • Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
  • Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
  • Analysis of key construction industry issues, including regulation, cost management, funding and pricing
  • Detailed profiles of the leading construction companies in Austria

Reasons to buy
 

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

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Key highlights
 

  • Following the global economic crisis, Austria’s construction industry recorded slow growth during the review period. It contributed marginally to the country’s economic growth, with an average of 0.6% increase in the national construction output index in 2013. According to Statistics Austria, the average turnover index of the construction industry increased from 74.8 in the first quarter of 2013 to 81.0 in the first quarter of 2014, whereas the average production index increased from 70.8 to 75.6 during the same period. Over the forecast period, growth in the industry will remain positive, supported by improvements in global economic conditions, low interest rates, improving investor confidence and increased FDI in the country.
  • In nominal terms, the total construction value add in Austria was EUR19.5 billion (US$25.8 billion), in 2013, after registering a nominal review-period CAGR of 0.77%. Due to an increase in new orders in the construction industry, the value add is anticipated to reach EUR22.5 billion (US$31.7 billion) in 2018 and record a nominal forecast-period CAGR of 2.89%. According to Statistics Austria, the average index of new orders in the construction industry rose from 88.8 in the first quarter of 2013 to 100.7 in the first quarter of 2014. The average index of new orders for building construction increased from 87.9 in the first quarter of 2013 to 96.5 in the first quarter of 2014, whereas for civil engineering construction, it rose from 91.3 to 112.3 during the same period. The overall outlook for construction in Austria over the forecast period remains positive.
  • According to the European Energy Performance of Buildings Directive, all public buildings and newly constructed buildings must be nearly zero-energy buildings (NZEB) by 2018 and 2020 respectively. NZEBs are highly energy-efficient buildings with either proper insulation or meeting most of their energy demand from renewable energy sources. This directive will support development in the energy infrastructure and energy-efficient buildings, enhancing growth in the construction industry over the forecast period.
  • The Ministry of Finance along with the Ministry of Transport, Innovation and Technology approved a six-year master plan for infrastructure development for 2014–2019. Under this plan, between EUR2.0 billion (US$2.7 billion) and EUR2.4 billion (US$3.2 billion) will be invested annually to expand, improve and maintain the country’s rail network, and to modernize or construct new railway stations, and other infrastructure developments.
  • According to the World Economic Forum’s Travel and Tourism Competitiveness Index 2013, Austria has a strong position in global tourism and was ranked the third in terms of travel and tourism competitiveness index in the world. Austria also scored top position in terms of tourism infrastructure, health and hygiene. Moreover, the country’s nine world heritage cultural sites, unique central location in Europe and Austria National Tourist Office’s tourism promotional activities will attract more tourists to the country. According to Statistics Austria, the number of tourist arrivals increased by 1.9% from 36.2 million in 2012 to 36.8 million in 2013, while overnights stays rose by 1.2% from 131.0 million to 132.6 million. The rising number of tourists is likely to attract investments in tourism infrastructure, supporting growth in the leisure and hospitality buildings category over the forecast period.

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