Forecast: Household Expenditure on Mobile Phone and Telephone Equipment in Austria

Household expenditure on mobile phone and telephone equipment in Austria rose steadily from €384.54 million in 2013 to €895.1 million in 2023. The year-on-year variation peaked in 2014 with a 25.42% increase and saw another notable rise of 13.46% in 2018. Between 2019 and 2022, the year-on-year percentage hovered between 2.91% and 5.8%, exhibiting moderate growth. As of 2023, the average variation per year over the last five years (CAGR) stood at 4.45%.

For the coming years, projections suggest a consistent increase in household expenditure with an expected rise to €1,050.0 million by 2028. Forecasted figures indicate a 5-year CAGR of 2.48%, with a cumulative forecasted growth rate of 13.02% over the period.

Future trends to watch for:

• Advancements in mobile technology driving incremental expenditures.
• The impact of 5G adoption and subsequent new product releases.
• Potential shifts in consumer behavior towards premium devices or cost-sensitive alternatives.
• Continued influence of economic factors such as inflation and disposable income on household spending.