The household expenditure on home hardware in Austria has shown fluctuating trends from 2013 to 2023. Starting with minor growth in 2013 and 2014, the expenditure dropped by nearly 4% in 2015 but then gradually recovered, displaying a significant peak in 2017 with a 9.12% year-on-year increase. The annual growth rate stabilized slightly from 2018 to 2020, followed by robust growth in 2021 (4.56%) and 2022 (8.32%), with the expenditure in 2023 standing at 1,100 million euros, a modest rise of 1.82% year-on-year.
The compound annual growth rate (CAGR) over the last five years (2019-2023) averaged at 3.15%, reflecting a steady upward trend. Looking into the future, the forecast for the next five years (2024-2028) indicates a slower growth pace with a CAGR of 1.34% and an overall growth rate of 6.89% by 2028.
Future trends to watch include potential impacts from economic fluctuations, technological advancements in home hardware, consumer shifts towards sustainable products, and regulatory changes in the housing and construction sector.
