Analyzing the data on the sold production of safety glass in Austria from 2013 to 2023 shows fluctuating trends. The production peaked in 2013, followed by a gradual decline with some slight recoveries in 2016 and 2019. Between 2021 and 2023, a significant drop was observed, notably in 2021. As of 2023, production stood at 1.6109 Million Square Meters, a decline of 10.11% from the previous year (2022). The five-year CAGR from 2018 to 2023 was -7.83%.
Looking forward, projected figures from 2024 to 2028 indicate a downward trend with an estimated five-year CAGR of -12.55%. This implies a potential halving of production volume over this period.
Future trends to watch for include advancements in safety glass technology, potential economic influences on construction and automotive sectors, and any regulatory changes impacting production standards and requirements. Monitoring these factors will be crucial in understanding and anticipating shifts in the market.
