The Metal Forming Machinery and Machine Tools sector in Austria has shown a mixed growth pattern over the past decade. Between 2013 to 2023, the turnover has increased from 1.44 billion Euros to 2.09 billion Euros, experiencing significant growth periods in 2017 and 2018 with respective year-on-year increases of 12.68% and 14.17%. However, the market faced a contraction in 2020 with a decline of 6.6%, likely influenced by broader economic challenges.
Despite the fluctuation, the Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is 1.31%. The growth trend remained relatively positive with year-on-year increases of 2.54% in 2022 and 2.46% in 2023.
Looking forward, the forecast from 2024 to 2028 suggests stable growth with a forecasted 5-year CAGR of 1.75%, resulting in an expected turnover of 2.34 billion Euros by 2028. This points towards a stable yet moderate growth trajectory for the sector.
Future trends to watch for include technological advancements and automation in metal forming machinery, potential impacts of environmental regulations, and market shifts due to global economic conditions. Monitoring these factors will be crucial for stakeholders navigating this evolving market landscape.
