The forecasted household expenditure on household appliances in Austria shows a steady annual increase from 2024 to 2028, with values rising gradually each year by approximately 1.63% to 1.55%. In 2023, the actual expenditure stood at €2.41 billion. The year-on-year percentage variations for 2024 and 2025 are +1.66% and +1.63%, respectively. Overall, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.64%, indicating consistent average growth in the sector.
Future trends to watch for:
• Increasing demand for energy-efficient and smart household appliances driven by consumer preferences for sustainable living.
• Technological advancements leading to innovation in household appliance features and functionality.
• Economic factors such as disposable income and inflation rates that might influence household spending patterns on durable goods.
• Potential impact of supply chain disruptions and raw material shortages on product availability and pricing.
