From 2013 to 2023, the retail sale in non-specialized stores sector in Austria steadily increased from €20.12 billion to €31.68 billion. The year-on-year growth varied, with notable peaks in 2018 (7.64%) and 2020 (7.04%). The CAGR from 2018 to 2023 averaged 5.17%, indicating robust sectoral growth. As we look to the future, the forecast data suggest continued growth to €38.86 billion by 2028, albeit at a slower CAGR of 3.23%, reflecting a forecasted 17.23% growth rate over the next five years.
Future trends to watch for:
- Increased digitalization and e-commerce influence.
- Changing consumer behaviors towards sustainability and eco-friendly products.
- Potential impacts from global economic fluctuations and inflationary pressures.
- Technological advancements in supply chain and inventory management.
