The turnover for rubber tyres and tubes in Austria demonstrated a volatile trend from 2013 to 2024. After a significant decline from 22.4 million Euros in 2013 to 13.4 million Euros in 2017, the market rebounded to 21.8 million Euros in 2023. Recent years showed a positive trajectory with a consistent year-on-year growth rate, with the latest two years presenting growth rates of 1.9% in 2022 and 1.87% in 2023. The CAGR over the past five years, at 7.34%, highlights a solid recovery and expansion trend.
- From 2024 onwards, the market is forecasted to grow steadily, reaching 23.7 million Euros by 2028, with a forecasted 5-year CAGR of 1.32% and a 5-year growth rate of 6.76%.
Future trends to watch for include advancements in tyre technology, sustainability trends, and economic factors influencing the automotive industry, which will play crucial roles in shaping market dynamics positively.
