The building completion and finishing industry in Austria, as of 2023, shows a turnover of 7.06 billion Euros, marking a gradual year-on-year increase of 1.88%. Historically, from 2013 to 2023, the industry has seen fluctuations with notable growth in certain years, such as 6.55% in 2017 and 6.95% in 2018. However, the last two years recorded moderate growth rates of 1.93% in 2022 and 1.88% in 2023. Looking at the long-term trends, the 5-year CAGR from 2019 to 2023 stands at 2.9%.
Forecasted data from 2024 onwards indicate a steady upward trend, with a 5-year CAGR projected at 1.36% and an overall growth rate of 6.99% by 2028, reaching an estimated turnover of 7.69 billion Euros.
Future Trends to Watch For:
- Technological advancements in building completion processes.
- Increasing demand for sustainable and eco-friendly construction materials.
- Impact of economic and political changes on the construction sector.
- Potential effects of labor shortages on industry growth.
