The turnover of floor and wall covering in Austria showed a consistent upward trend from 2013 to 2023, increasing from 1.48 Billion Euros in 2013 to 1.86 Billion Euros in 2023. The year-on-year growth exhibited some volatility, particularly a significant growth of 7.31% in 2017 and a notable decline of 2.34% in 2020. Despite the fluctuations, a stable CAGR of 1.62% was observed over the last five years leading up to 2023.
Reviewing the forecast data from 2024 to 2028 indicates a continuation of the growth trend, with turnover expected to reach 2.02 Billion Euros by 2028. The five-year CAGR from 2024 to 2028 is projected at 1.29%, with an overall growth rate of 6.64% over the period.
Future trends to watch for include:
- Technological advancements in materials and installation techniques.
- Increasing consumer preference for sustainable and eco-friendly products.
- Potential economic fluctuations impacting consumer spending power.
- Enhanced designs and customization options driving market demand.
