Forecast: Employment in Manufacture of Domestic Appliances Sector in Austria

The employment in the Manufacture of Domestic Appliances sector in Austria stood at 3.44 thousand Full-Time Equivalents (FTE) in 2023. Historically, the sector has been experiencing a consistent decline. From 2013 to 2023, the year-on-year variation ranged between -4.99% to 1.39%, and the Compound Annual Growth Rate (CAGR) over the last 5 years has averaged around -0.86%. Notably, the sector saw slight growth in 2019 and 2020, but this was followed by decreasing trends.

Future trends to watch for:

  • The forecast from 2024 indicates a continued decline, with the employment expected to fall to 3.13 thousand FTE by 2028.
  • Emergence of automation and technological advancements, potentially reducing the demand for human labor in manufacturing.
  • Global economic conditions and shifts in consumer demand for domestic appliances.

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