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Construction in Austria - Key Trends and Opportunities to 2020

  • March 2016
  • -
  • Timetric
  • -
  • 77 pages

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Synopsis
In 2014, construction activity in Austria was weak due to a deteriorating business environment and weak economic performance. The country’s construction industry consequently contracted by 1.5% in output value in 2014 measured at constant 2010 US dollar exchange rates. This was preceded by an annual growth rate of 0.3% in real terms in 2013.

However, due to recovery in economic conditions, the government increased its spending on infrastructure development under the Austrian Development Policy 2013–2015. Consequently, the industry recovered somewhat in 2015, and grew by 0.3% in real terms.

The industry’s forecast-period (2016–2020) outlook is better than its review-period (2011–2015) performance, with its average annual growth in real terms set to accelerate from 0.03% during the review period to 1.17% over the forecast period.

This increase will be due to a rise in government investment, the anticipated recovery in regional and global economic conditions, and improvements in both consumer and investor confidence.

Summary
Timetric’s Construction in Austria – Key Trends and Opportunities to 2020 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

- Analysis of equipment, material and service costs for each project type in 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

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

- Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in Austria using construction output and value-add methods

- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, 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 strategy using Timetric's critical and actionable insight.

- Assess business risks, including cost, regulatory and competitive pressures.

- Evaluate competitive risk and success factors.

Key Highlights
- With the aim of providing a better quality of life to the rural populace, the government launched the Austrian Rural Development Program (RDP) 2014–2020. Under this program, the government aims to develop agricultural, transport, energy and infrastructure for an expected investment of EUR15.4 billion (US$21.0 billion) by 2020.

- The residential construction market is expected to benefit from the country’s rising migrant population. According to Statistics Austria, migration rose from 151,280 individuals in 2013 to 170,115 in 2014. Vienna remained the prime destination, accounting for 39.0% of international arrivals, followed by Upper Austria and Lower Austria with 13.0% and 12.3% respectively. Due to the rise in migration, the government introduced the Red-White-Red Card scheme in 2011, under which non-Europeans can settle in Austria permanently. This will increase the demand for residential units over the forecast period.

- With the aim of reducing travel times and increasing trade between neighboring countries, the government is planning to expand its cross-border road and rail networks. In 2014, it signed an agreement with Hungary to increase the number of cross-border roads from 29 in 2014 to 40 by 2020, and in 2015 it announced plans to modernize the country’s two cross-border rail networks, connecting Hungary to Austria, for an investment of EUR216.0 million (US$295.2 million) by 2020.

- Under the Energy Strategy Austria policy, the government aims to increase the share of renewables in the country’s total energy mix from 32.6% in 2014 to 34.0% by 2020. Under this policy, the government also aims to reduce 16.0% of greenhouse gases emissions by 2020. Accordingly, the government is planning to increase the installed capacity of wind energy by 23.1%, going from 2,095.0MW in 2014 to 2,578.0MW by 2020. The government also aims to increase the capacity of solar photovoltaic energy to 750.0MW, and hydropower to 7,707.0MW by 2020.

- To support economic development and growth, the government launched the 100Mbps for all by 2020 strategy in 2015. Through this, the government aims to create investment opportunities, and ensure social and economic inclusion. Accordingly, the government is planning to equip all households with an internet connection speed of 100Mbps by 2020. The government allocated EUR1.0 billion (US$1.4 billion) under this program for the construction of related infrastructure by 2020. This will support construction activity in the telecommunications category.

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