The flat glass shaping and processing production value in Austria experienced fluctuations between 2013 and 2023. Initially, the sector saw sporadic growth and contractions, peaking in 2014 and subsequently declining by 2015. Post-2015, it exhibited modest growth until 2019, followed by a notable dip in 2020 likely due to the global economic impact of COVID-19. From 2021 onwards, the market value stabilized, reaching 343.6 million euros by 2023. The average variation per year over the last 5 years (CAGR) indicated slight declines, suggesting market steadiness rather than growth.
Future trends to watch for:
The forecast for 2024 to 2028 projects a marginal decline with a 5-year CAGR of -0.01%, indicating a nearly stagnant market. Key future trends to observe include technological advancements in glass processing, environmental regulations impacting production methods, and shifts in demand from construction and automotive sectors.
