In Austria's Services to Buildings and Landscape Activities sector, production has demonstrated consistent growth from 2013 to 2023, reaching a value of 5.42 Billion Euros in 2023. Historical data reflects solid year-on-year growth, peaking notably in 2018 with a 12.73% increase. Over the last two years, year-on-year growth has slowed slightly, registering 4.06% in 2022 and 3.84% in 2023. The CAGR over the last five years was 3.72%, indicating a gradual but steady upward trend.
Looking forward, the forecast data from 2024 to 2028 predicts continued expansion, albeit at a more moderate pace, with a forecast 5-year CAGR of 2.59% and a total projected growth rate of 13.62% by 2028.
- Watch for:
- Potential for technology-driven efficiency gains.
- Impact of environmental regulations on landscape activities.
- Market consolidation trends.
