The production value of metal forming machinery and machine tools in Austria stood at €2.0 billion in 2023. Since 2013, the industry experienced a steady growth with intermittent fluctuations. From 2013 to 2019, growth was robust, highlighted by a peak increase in 2018 at 13.25%. An 8.62% drop occurred in 2020 due to market disruptions, followed by a recovery in subsequent years. The average annual growth (CAGR) for the past five years (2018-2023) was 1.62%. Projected growth for the period from 2024 to 2028 indicates a more modest CAGR of 1.75%, forecasting a production value of €2.24 billion by 2028.
Future trends to monitor include technological advancements in automation, increasing demand for precision manufacturing, and potential economic impacts from geopolitical shifts and trade policies. The adoption of Industry 4.0 practices is expected to further drive innovation and efficiency within the sector.
