The sold production of non-electric domestic appliances in Austria has experienced fluctuations over the past decade. From 2013 to 2018, the value decreased consistently, with notable year-on-year declines such as a 28.88% drop in 2014. However, in 2019, the market saw a slight recovery with a 6.1% increase, followed by continued improvement with an 8.13% rise in 2020 and a significant 60.45% surge in 2021. As of 2023, the market stood at 58.52 million euros, with a modest year-on-year growth of 2.86% and a five-year CAGR of 10.4%. Future projections from 2024 to 2028 suggest a steady growth with a forecasted 5-year CAGR of 2.01% and an overall increase in value by 10.45% over the period.
Future trends to watch for include technological advancements in appliance design, increasing consumer preference for eco-friendly products, and potential supply chain disruptions. Monitoring these factors will be crucial for understanding and forecasting market dynamics.
