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Industry revenue of “retail sale of hardware, paints and glass“ in Austria 2012-2024

Revenues from the retail sale of hardware, paints and glass in Austria have grown from 4 billion U.S. dollars in 2015 to 4.6 billion U.S. dollars in 2019. Key reasons include the growth in construction and repair-related activities, rise in indigenous manufacturing firms, availability of modern production facilities and growth in exports. The country was the tenth largest exporter of paint in Europe in 2018, with exports valued over 340 million U.S. dollars, just over 1.5 percent of the global share. There are roughly 40 companies that manufacture lacquers and paints, with Tiger Coatings being the largest. In fact, the company ranks amongst the top 15 leading coating producers in Europe, with revenues of over 300 million euros in 2017.

The industry is however expected to witness a slowdown in growth in the short to medium term as the outbreak of the Covid-19 virus has led to a decline in demand and stalled majority of the logistical operations, including exports. Production and manufacturing activities are currently on a stand-still and would only resume once the government deems the working conditions to be safe.

Industry revenue of “retail sale of hardware, paints and glass“ in Austria from 2012 to 2024

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.123

The industry classification is based on the NACE Rev.2 - system in Austria. The industry “retail sale of hardware, paints and glass in specialised stores“ has the code “G4752“.

Details on the methodology can be found here.

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