The employment in the Installation of Industrial Machinery and Equipment sector in Austria has shown a generally upward trend from 2013 to 2023, peaking at 12.4 thousand FTEs in 2023. Starting at 10.16 thousand FTEs in 2013, the sector experienced fluctuations, with notable dips in 2014 and 2020, but strong growth particularly from 2018 onwards. The year-on-year variation for the recent years highlights this positive momentum, with 2.24% growth in 2023. The CAGR over the last five years is 2.78%, indicating a healthy average annual increase.
The forecast suggests a continued rise, reaching 13.72 thousand FTEs by 2028, driven by a forecasted 5-year CAGR of 1.61%. Future trends to watch for include the adoption of automation and advanced technologies, which could impact employment dynamics, either driving further need for skilled technicians or augmenting productivity with potentially fewer but more specialized roles.
