The employment in the Manufacture of Agricultural and Forestry Machinery sector in Austria stood at 6.4 thousand FTEs in 2023. Between 2013 and 2023, the sector experienced fluctuations with the lowest point being in 2016 and a steady recovery thereafter. The year-on-year variation for the last two years was approximately 0.5%. Over the most recent five-year period, the employment CAGR averaged 0.99%.
Future trends indicate a projected gradual increase in employment, with forecasted values reaching 6.56 thousand FTEs by 2028. The forecasted five-year CAGR is a modest 0.39%, while the five-year forecasted growth rate stands at 1.96%. Watch for technological advancements and policy changes that may accelerate or hinder this growth.
