Forecast: Production in Civil Engineering Sector in Austria

The civil engineering sector in Austria showed fluctuating growth from 2013 to 2023. The sector experienced a decline from 2013 to 2016, then a recovery phase beginning in 2017. By 2023, the production stood at 9.56 Billion Euros. Year-on-year variations over the last two years were minimal, with an increase of only 0.61% in 2022 and 0.6% in 2023. The compound annual growth rate (CAGR) over the last five years up to 2023 was 1.21%. Future forecasts indicate a steady but modest growth, with a CAGR of 0.44% expected from 2024 to 2028, reaching 9.82 Billion Euros by 2028.

Future trends to watch for:

• Technology adoption and digital transformations in civil engineering practices.
• Sustainability and green construction methods gaining prominence.
• Government policies and infrastructure investments affecting the sector's growth.
• Potential impacts of economic fluctuations and global challenges on project funding and execution.