The production value of plastic and rubber machinery in Austria has been gradually increasing from 2013 to 2023, starting from €1.55 billion in 2013 to €2.61 billion in 2023. This period demonstrated consistent growth, with a notable dip in 2020 linked to various disruptions, but recovery was evident by 2021.
The year-on-year variation over the last two years shows steady positive growth rates: 8.93% in 2022 and 7.11% in 2023. This indicates a recovering and expanding industry. The CAGR from 2023 is 2.24%, indicating sustained annual growth.
Forecast data from 2024 to 2028 predict that the production value will grow steadily, reaching €3.13 billion by 2028. The forecasted 5-year CAGR is 2.9%, suggesting a stable growth trend over the next five years.
Future trends to watch for include advancements in automation and sustainability within the plastic and rubber machinery sector, which could further fuel growth and innovation. Additionally, evolving environmental regulations will likely prompt shifts towards more eco-friendly production methods and machinery improvements.
