The production value of rubber tyres and tubes in Austria shows a fluctuating trend from 2013 to 2023, with significant year-on-year variations. In 2023, the production value stood at 16.0 million euros. During this period, the market experienced sharp declines between 2013 and 2017, with some recovery and stabilization starting from 2018 onwards. Noticeable growth occurred in 2020, with a substantial 36.28% increase from the previous year. Recent years show steady, albeit modest, growth with year-on-year variations around 1.27% in 2023. The compound annual growth rate (CAGR) over the last five years is 9.64%.
Looking forward, forecasting indicates continued gradual growth in production value, with a forecasted CAGR of 0.96% from 2024 to 2028, suggesting a stable yet slow increase. By 2028, the market is anticipated to reach 17.1 million euros.
Future trends to watch for include advancements in sustainable materials, regulatory changes affecting environmental standards, and potential economic fluctuations that may impact manufacturing costs and market demand.
