The data on wages and salaries for parts and accessories for motor vehicles in Austria reveals significant trends over the past decade. Between 2013 and 2023, the values have generally increased, although there were years of decline, such as in 2017 and 2020. The year-on-year variation in 2023 shows a modest increase of 1.89%, and the Compound Annual Growth Rate (CAGR) over the last five years stands at 1.71%. In 2023, the value was 807.3 million Euros.
Future trends to watch for include:
- An anticipated steady growth at a CAGR of 1.16% from 2024 to 2028
- Potential market shifts influenced by technological advancements and regulatory changes
