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Industry revenue of “engineering activities, related technical consultancy“ in Austria 2012-2024

Austria has been at the forefront of global engineering activities for a long time now. In fact, some of the work coming out of the country has been renowned the world over. This includes the largest lifting bridge in the world, a sewage treatment plant in the Middle East and the development of an efficient racing aircraft. Therefore unsurprisingly, revenues generated from engineering activities and related technical consultancy are projected to increase from 6.6 billion U.S. dollars in 2018 to 7.7 billion U.S. dollars in 2024.

Technical consulting is another area of speciality in Austria. In fact the German-speaking DACH region, which also consists of Germany and Switzerland contributes the largest share in the broader consulting industry in Europe, with technical consulting being the second highest segment. Majority of the Austrian consulting revenues are pulled in from Europe, with the UBIT pegging this number as high as 85%.

Industry revenue of “engineering activities, related technical consultancy“ in Austria from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.123

The industry classification is based on the NACE Rev.2 - system in Austria. The industry “engineering activities and related technical consultancy“ has the code “M7112“.

Details on the methodology can be found here.

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