The turnover of electric domestic appliances in Austria has exhibited fluctuations from 2013 to 2023, peaking in 2023 at €765.0 million. Notably, the sector experienced substantial growth periods, such as in 2015 (4.84%) and 2019 (4.35%), alongside occasional declines like in 2014 (-4.27%) and 2016 (-3.96%). Over the recent five years leading to 2023, the sector showed steady annual growth, with a CAGR of 1.67%.
Moving forward, from 2024 to 2028, the turnover is projected to maintain a moderate growth trajectory, with an expected 5-year CAGR of 0.41%. By 2028, the turnover is forecast to reach €787.5 million, indicating a 2.05% growth from 2023.
Future trends to watch for include technological advancements driving product innovation, increasing consumer demand for energy-efficient appliances, and potential impacts of economic fluctuations. Additionally, sustainability factors and regulatory changes could significantly influence market dynamics.
