The turnover for the construction of bridges and tunnels in Austria has shown considerable volatility from 2013 to 2023. In 2023, the sector stood at 0.8264 billion euros, reflecting a declining trend over the past years. Year-on-year variations have been quite erratic, with notable high growth rates in 2014 (23.56%) and significant declines in 2015 (-67.48%). The sector demonstrated a negative average annual growth rate (CAGR) of -2.87% over the last five years. Forecasted data from 2024 to 2028 suggest a continued decreasing trend, with an estimated CAGR of -2.74%.
Future trends to watch for:
- Potential government infrastructure initiatives which could reverse the downward trend.
- Technological advancements in construction processes and materials.
- Economic factors influencing public and private sector investment in large-scale projects.
- Environmental regulations potentially impacting construction costs and methodologies.