From 2013 to 2023, the number of employees in the manufacture of domestic appliances sector in Austria showed a general decline, moving from 4.23 thousand employees to 3.74 thousand employees. The trend displayed fluctuating year-on-year percentages with a notable recovery in 2019, but mostly negative variances. Between 2019 and 2023, the employment showed a steady, albeit mild, decrease. The compound annual growth rate (CAGR) over the last five years (2018-2023) stood at -0.091%, indicating a slow decline during this period.
Looking ahead, the forecast from 2024 to 2028 predicts a continuation of this declining trend. The employment numbers are expected to reach 3.65 thousand employees by 2028, with a five-year forecasted CAGR of -0.34%, reflecting a sustained reduction in workforce. Future trends to watch for include the impact of automation and technological advances, which may continue to reduce the need for human labor, and potential shifts in demand for domestic appliances which could either mitigate or exacerbate employment declines in the sector.
-In 2023, the sector stood at 3.74 thousand employees.
-The 2023 year-on-year variation showed a slight decrease of -0.66%.