The Austrian market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings, Hand Wheels, Levers, Hand Grips, Safety Guards, and Baseplates for Machinery stood at 389.64 million euros in 2023. Year-on-year growth showed a steady increase of 0.82% compared to 2022, following a similar modest growth of 0.85% from 2021 to 2022. The Compound Annual Growth Rate over the past five years was a slight decline of 1.04%, indicating a relatively stable market with minor oscillations.
Looking forward, the market is likely to be influenced by:
- Technological advancements leading to increased efficiency.
- Potential shifts in manufacturing trends and industrial production.
- Increased focus on machinery safety and compliance with EU regulations.
- Growing demand for machinery upgrades and maintenance.
