The sold production of hydraulic systems in Austria has shown significant growth over the last decade, starting with 9.07 thousand items in 2013 and reaching 37.99 thousand items in 2023. The sector experienced substantial annual growth, with a notable peak in 2017 when the year-on-year variation was 57.6%. More moderate growth was observed in recent years, with year-on-year variations of -6.39% in 2021, 6.14% in 2022, and 5.66% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 6.22%.
Forecasts for the next five years predict a continued upward trend, with production expected to grow to 47.86 thousand items by 2028, reflecting a forecasted 5-year CAGR of 3.65% and a total forecasted 5-year growth rate of 19.64%.
Future trends to watch include technological advancements in hydraulic systems, increasing demand in various industrial applications, and potential impacts of economic fluctuations or policy changes on manufacturing and export activities. The ongoing push for sustainability and energy efficiency may also drive innovations and new product developments within this sector.
