Gear boxes market in Austria

Earlier Report Observations

The market size for gear boxes and parts in Austria increased from $480.4 million in 2018 to $533.7 million in 2020. This growth occurred as exports fell sharply from $427.2 million to $196.1 million, while imports declined from $711.9 million to $508.8 million over the same period. Domestic production showed variability, ending at $220.9 million in 2020.

In the following years, import values fluctuated significantly, rising to $581.2 million in 2021 before dropping to $344.2 million in 2022 and recovering to $427.2 million in 2023 and $403.5 million in 2024. Export values followed an upward trend from $254.5 million in 2021 to $388.4 million in 2023, then moderated to $372.1 million in 2024. The decline in new vehicle registrations in Austria during 4 likely softened demand for gear boxes, and the expansion of the truck toll to vehicles over 3.5 tons from July 2024 added to logistics and distribution costs.

New EU product safety regulations, including the EU Machinery Regulation applying from 2024, introduced stricter compliance requirements for vehicle parts. Broader industry shifts toward electrification and hybridization, with manufacturers developing new e-axles and multi-speed e-gearboxes, continued to reshape the technological landscape and market structure for gear boxes in Austria.

Production gear boxes in Austria

In value, 2017-2020, M $ US

In 2020, Austria's gear box production was valued at 220.9 million US dollars, marking a 21.4% increase from 2019. The lowest value in the period was recorded in 2019 at 182.0 million US dollars, which saw a 7.0% decline. Over the 2017-2020 timeframe, production grew by 20.8%, with an average annual growth rate of 6.5%.

Annual dynamics of production in Austria in value, 2017-2020, M $ US

Exports gear boxes from Austria

Exports in kind, t

Gear box exports from Austria declined for the second year in a row. In 2020, shipments totaled 20,077 tons, down 28.1% from the previous year. The peak was in 2018 at 34,753 tons, which had a 2.6% increase. From 2017 to 2020, exports fell by 40.7%, translating to an annualized decline of 16.0%.

Annual dynamics of product's exports from Austria in kind, 2017-2020, t

From 2017 to 2020, Germany, Spain, and Poland were the top destinations for Austria's gear box exports in volume terms. Germany accounted for 38.4% of exports, Spain for 17.5%, and Poland for 8.2%, together making up 64.1% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Austria in kind, 2017-2020

Exports in value, M $ US

Austria's gear box exports in value terms dropped for the second consecutive year. In 2020, exports amounted to 196.1 million US dollars, a 38.2% decrease from 2019. The highest value was in 2018 at 427.2 million US dollars, which saw a 2.4% rise. Over the 2017-2020 period, exports declined by 53%, with an average annual decrease of 22.3%.

Annual dynamics of product's exports from Austria in value, 2017-2020, M $ US

Between 2017 and 2020, Germany, Spain, and Mexico were consistently the leading destinations for Austria's gear box exports by value. Germany represented 28.3% of exports, Spain 21.1%, and Mexico 9.0%, collectively accounting for 58.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Austria in value, 2017-2020

Imports gear boxes to Austria

Imports in kind, t

Imports of gear boxes into Austria fell for the second year in a row. In 2020, import volume reached 37,143 tons, a significant 22.9% drop year-over-year. The maximum was in 2018 at 52,038 tons, which experienced a 17.6% increase. From 2017 to 2020, imports decreased by 16.1%, with an average annual decline of 5.7%.

Annual dynamics of product's imports to Austria in kind, 2017-2020, t

During 2017-2020, Germany, Belgium, and Italy were the primary suppliers of gear boxes to Austria in volume terms. Germany contributed 31.6% of imports, Belgium 24.9%, and Italy 14.5%, together forming 71.0% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Austria in kind, 2017-2020

Imports in value, M $ US

Austria's gear box imports in value terms declined for the second consecutive year. In 2020, imports totaled 196.1 million US dollars, down 23.1% from the previous year. The peak was in 2018 at 711.9 million US dollars, which saw a 44.7% surge. Over the 2017-2020 period, imports increased by 3.4%, with an average annual growth rate of 1.1%.

Annual dynamics of product's imports to Austria in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Belgium, and the United States remained the key sources for Austria's gear box imports by value. Germany accounted for 35.5% of imports, Belgium for 19.4%, and the United States for 17.8%, together making up 72.7% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Austria in value, 2017-2020