The turnover of plastic and rubber machinery in Austria has shown a consistent growth trend per the past decade, with fluctuations in certain years. The turnover stood at €2.66 billion in 2023. The year-on-year variation for 2023 was 6.83%, demonstrating a stable market growth. Considering a longer timeframe, the Compound Annual Growth Rate (CAGR) over the last five years was 2.47%, indicating a moderate but steady increase. By 2028, forecasts predict the turnover to reach €3.19 billion, reflecting a five-year growth rate of 15.29% and a forecasted 5-year CAGR of 2.89%.

Future trends to watch for:

Emerging advancements in automation and smart manufacturing technologies.
Increasing demand for sustainable and eco-friendly plastic and rubber products.
Impact of regulatory changes and environmental policies on machinery production and innovation.