The hours worked in floor and wall covering in Austria stood at 20.155 million hours in 2023. From 2013 to 2023, the market exhibited fluctuations, but overall growth was maintained. The year-on-year variations experienced significant shifts, with notable declines in 2015 and 2020 and increases in 2017 and 2019. The compound annual growth rate (CAGR) over the last five years till 2023 exhibited a minute decline of -0.0016%.
Looking into the forecasted data, a moderate upward trend is anticipated through to 2028, with an average annual growth rate of 0.25% and a cumulative growth of 1.24% over the five years from 2024 onwards.
Future trends to watch for include:
• Technological advancements enhancing productivity and potentially reducing required work hours.
• Economic factors influencing the construction industry, affecting demand for labor in floor and wall covering.
• Potential labor market shifts, including changes in workforce availability and skill levels.
