The turnover for the weaving of textiles sector in Austria is forecasted to grow annually from 569.7 million Euros in 2024 to 622.6 million Euros in 2028. In 2023, the sector's turnover stood at 556.5 million Euros. The year-on-year growth rates are as follows: 2024: 2.37%, 2025: 2.33%, 2026: 2.26%, 2027: 2.21%, 2028: 2.15%. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be 2.26%.
Future trends to watch for include:
- Sustainability initiatives impacting textile production methods and materials.
- Advancements in textile technology and innovation driving efficiency and quality.
- Global economic factors influencing demand and supply chains in the textile market.
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