The Metal Forming Machinery and Machine Tools sector in Austria has demonstrated significant growth from 2013 to 2023, culminating at a value of 437.6 million Euros in 2023. Over this period, there was a notable year-on-year increase culminating at 3.43% in 2023. The average annual growth rate (CAGR) varied, peaking at 7.19% in 2015 and settling at 2.85% by 2023. This period saw strong growth spurts around 2017 and between 2018 and 2019, while a slight dip was experienced in 2020 due to global economic disruptions.

From 2024 onwards, forecasts indicate a steady upward trend with anticipated consistent growth, reaching an estimated 509.0 million Euros by 2028. The expected CAGR over the next five years is projected to be 2.4%, reflecting a forecasted growth rate of 12.61% by 2028.

Future trends to watch for include:

Technological advancements in automation and digitalization within the machinery sector.
Emerging demand for sustainable and environmentally friendly machinery solutions.
Potential market expansion due to increased investments in industrial infrastructure.
Economic policies and trade relations impacting the export and import dynamics.