From 2013 to 2023, the number of employees in the domestic appliances sector in Austria exhibited a generally decreasing trend, standing at 3.77 thousand employees in 2023, down from 4.25 thousand in 2013. The most significant annual declines occurred early in the period, with a year-on-year drop of 4.76% in 2014. A modest recovery was noted in 2019, with a 2.27% growth, yet the overall trend remained negative. Over the last five years (2018-2023), the average annual decline (CAGR) was minimal at -0.079%. Looking ahead, forecasts suggest a continued, albeit slower, decline with a predicted 5-year CAGR of -0.32% from 2024 to 2028.

Future trends to watch for:

Technological advancements leading to automation and potential labor force reductions.
Market adaptations and strategic shifts in response to global supply chain challenges.
Potential industry consolidation affecting employment dynamics.
Impact of sustainability efforts and energy efficiency regulations on employment.