In 2023, the employment in the manufacture of motor vehicles sector in Austria stood at 20.27 thousand full-time equivalents (FTEs). Forecasted data indicates a steady increase in employment over the next few years: 20.39 thousand FTEs in 2024, 20.63 thousand FTEs in 2025, 20.84 thousand FTEs in 2026, 21.01 thousand FTEs in 2027, and 21.16 thousand FTEs in 2028. The year-on-year variations show a consistent upward trend with a percentage increase of approximately 1.0-1.2% annually. The compound annual growth rate (CAGR) over this forecast period from 2023 to 2028 is projected to be around 0.87%.
Future trends to watch for include the potential impact of advancements in electric vehicle technology, shifts in global supply chains, regulatory changes favoring greener technologies, and the increasing importance of automation and AI in manufacturing processes. These factors could influence the employment landscape substantially, potentially facilitating growth or necessitating shifts in skill sets required in the sector.
