The sold production of forestry machinery in Austria has seen significant fluctuations over the past decade. From 2013 to 2023, the volume showed a general decline, despite experiencing sporadic growth years. The year-on-year variation for 2023 was -3.44%, and the compound annual growth rate (CAGR) for the last five years was -7.75%. This data indicates a consistent downward trend, with 2023 standing at 6.21 thousand items.
Future projections indicate a continued decline, with the sold production expected to drop significantly by 2028. The forecasted 5-year CAGR is -16.17%, resulting in a 58.61% decrease from 2023 to 2028. This situation suggests a challenging market environment for forestry machinery in Austria, with shrinking demand or potential market saturation.
Future trends to watch for:
- Technological advancements driving efficiency and reducing dependency on new machinery.
- Potential market shifts towards sustainable forestry practices impacting machinery needs.
- Economic factors influencing investment in forestry equipment.
- Regulatory changes that may impact forestry operations and machinery requirements.
