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Trends and Opportunities to 2018”.
Synopsis
This 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 type of
construction activity
- Analysis of equipment, material
and service costs across each project type within 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
Summary
The Austrian
construction industry recorded a CAGR
of 1.41% during the review period. Growth in the construction industry remained
subdued during the review period as a result of the economic crisis. Over the
forecast period, the outlook for construction is favorable due to increased
investment in residential construction and the government’s focus on country’s infrastructure
construction. Improving exports and global economic conditions and increased
foreign direct investment (FDI) in the country will also help the industry to
grow over the forecast period. According to national investment promotion
company ABA – Invest in Austria, the total investment volume increased by 15.9%
from EUR154.3 million (US$204.6 million) in the first half of 2013 to EUR180.0
million (US$242.8 million) in the first half of 2014. Consequently, the
construction industry’s output is expected to record a forecast-period CAGR of
3.17%.
Complete reports is available @ http://marketreportsstore.com/construction-in-austria-key-trends-and-opportunities-to-2018/ .
Scope
This report
provides a comprehensive analysis of the construction industry in Austria. It
provides:
- Historical (2009-2013) and
forecast (2014-2018) valuations of the construction industry in Austria
using construction output and value-add methods
- Segmentation by sector
(commercial, industrial, infrastructure, 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 business
strategies using Timetric's critical and actionable insight
- Assess business risks, including
cost, regulatory and competitive pressures
- Evaluate competitive risk and
success factors
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copy of this report @ http://marketreportsstore.com/purchase?rname=19633 .
Key highlights
- Following the global economic
crisis, Austria’s construction industry recorded slow growth during the
review period. It contributed marginally to the country’s economic growth,
with an average of 0.6% increase in the national construction output index
in 2013. According to Statistics Austria, the average turnover index of
the construction industry increased from 74.8 in the first quarter of 2013
to 81.0 in the first quarter of 2014, whereas the average production index
increased from 70.8 to 75.6 during the same period. Over the forecast
period, growth in the industry will remain positive, supported by
improvements in global economic conditions, low interest rates, improving
investor confidence and increased FDI in the country.
- In nominal terms, the total
construction value add in Austria was EUR19.5 billion (US$25.8 billion),
in 2013, after registering a nominal review-period CAGR of 0.77%. Due to
an increase in new orders in the construction industry, the value add is
anticipated to reach EUR22.5 billion (US$31.7 billion) in 2018 and record
a nominal forecast-period CAGR of 2.89%. According to Statistics Austria,
the average index of new orders in the construction industry rose from
88.8 in the first quarter of 2013 to 100.7 in the first quarter of 2014.
The average index of new orders for building construction increased from
87.9 in the first quarter of 2013 to 96.5 in the first quarter of 2014,
whereas for civil engineering construction, it rose from 91.3 to 112.3
during the same period. The overall outlook for construction in Austria
over the forecast period remains positive.
- According to the European Energy
Performance of Buildings Directive, all public buildings and newly
constructed buildings must be nearly zero-energy buildings (NZEB) by 2018
and 2020 respectively. NZEBs are highly energy-efficient buildings with
either proper insulation or meeting most of their energy demand from
renewable energy sources. This directive will support development in the
energy infrastructure and energy-efficient buildings, enhancing growth in
the construction industry over the forecast period.
- The Ministry of Finance along
with the Ministry of Transport, Innovation and Technology approved a
six-year master plan for infrastructure development for 2014–2019. Under
this plan, between EUR2.0 billion (US$2.7 billion) and EUR2.4 billion
(US$3.2 billion) will be invested annually to expand, improve and maintain
the country’s rail network, and to modernize or construct new railway
stations, and other infrastructure developments.
- According to the World Economic
Forum’s Travel and Tourism Competitiveness Index 2013, Austria has a
strong position in global tourism and was ranked the third in terms of
travel and tourism competitiveness index in the world. Austria also scored
top position in terms of tourism infrastructure, health and hygiene.
Moreover, the country’s nine world heritage cultural sites, unique central
location in Europe and Austria National Tourist Office’s tourism
promotional activities will attract more tourists to the country.
According to Statistics Austria, the number of tourist arrivals increased
by 1.9% from 36.2 million in 2012 to 36.8 million in 2013, while
overnights stays rose by 1.2% from 131.0 million to 132.6 million. The
rising number of tourists is likely to attract investments in tourism
infrastructure, supporting growth in the leisure and hospitality buildings
category over the forecast period.
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