The production value for machinery used in mining, quarrying, and construction in Austria in 2023 stood at 1.42 billion euros. Analysis shows a year-on-year increase of 4.7%, a noticeable improvement compared to the decline seen in previous years, notably the sharp drops in 2018 and 2020. Looking at the period from 2019 to 2023, the compound annual growth rate (CAGR) is 2.37%, indicative of a moderate recovery and stabilization following earlier volatility.
Future growth is expected to be modest from 2024 to 2028, with a forecasted CAGR of 0.53%. Key trends to monitor include technological advancements in machinery, regulatory changes impacting construction and mining sectors, and shifts in global economic conditions which might influence investment levels in these industries.
