The "Construction in Austria Key Trends and Opportunities to 2025" report has been added to ResearchAndMarkets.com's offering.
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
- 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
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
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
For more information about this report visit https://www.researchandmarkets.com/r/k7225t
View source version on businesswire.com: https://www.businesswire.com/news/home/20220105005548/en/
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