Between 2013 and 2023, the machinery for metallurgy sector in Austria showed significant fluctuations in production value, with some years experiencing sharp declines and others moderate to strong growth. Production value reached €952.6 million in 2023. Notable dips included a significant drop in 2017 and a resurgence thereafter, particularly from 2019 onwards.
Year-on-year variations exhibited considerable volatility: a notable decline of -34.8% in 2017, followed by recovery phases, notably with 18.87% in 2019. The last two years showed moderate growth, with 3.48% in 2022 and 3.33% in 2023. Between 2019 and 2023, the CAGR averaged at 8.55%.
Looking forward, forecasts indicate a continued upward trend in production value, with expectations to reach €1100 million by 2028. The future 5-year CAGR is projected at 2.3%, with a total growth of 12.06%. This indicates a period of steady, albeit moderate, growth.
Future trends to watch for include potential technological advancements, shifts in global metal demand, and the impact of economic and political factors on production efficiency and costs. Additionally, the adoption of sustainable practices and digital transformation in metallurgy machinery will likely influence production dynamics.
