Forecast: Sold Production of Motor Vehicles Electrical and Electronic Equipment in Austria

The sold production of motor vehicles' electrical and electronic equipment in Austria displayed fluctuating growth from 2013 to 2023. The data reveals a significant increase, with absolute values rising from 25.152 million kilograms in 2013 to 68.527 million kilograms in 2023. The market experienced noticeable year-on-year variations, such as a substantial rise of 45.17% in 2015, a decrease of -14.11% in 2020 likely due to pandemic disruptions, followed by a rebound with a 7.26% increase in 2023. The five-year CAGR until 2023 stood at a moderate 3.3%.

Future trends to watch for include:

- An anticipated steady increase with a forecasted 5-year CAGR of 2.85% from 2024 to 2028.

- Technological advancements in the automotive industry.

- Potential impacts of global supply chain dynamics on production volume.

- Growing demand for electric and autonomous vehicles influencing production requirements.