The Wholesale of Machinery, Equipment and Supplies sector in Austria has shown consistent growth from 2013 to 2023, increasing from €5.76 billion to €7.64 billion. The growth rate fluctuated, experiencing a dip in 2020 but quickly recovering. The CAGR over the past five years stood at 1.9%. For 2024 and beyond, the sector is forecasted to continue growing, albeit at a slower pace with an anticipated CAGR of 1.45%, reaching €8.37 billion by 2028.
Key trends to watch for in the future include:
- Sustainability and eco-friendly machinery demand
- Technological advancements driving innovation and efficiency
- Potential economic uncertainties impacting capital investments
