Federation of the Austrian Automotive Industry and its Component Suppliers
The development of the Austrian Automotive Industry and its component suppliers is one of the most impressive stories of economic success of the past decades. In an increasingly competitive environment the Austrian Automotive Suppliers have consolidated their position. With an average growth of eight percent, they outperformed the Austrian economy as a whole, but also surpassed the growth of the total domestic production of material goods. Within the supply chain of the automotive production, the suppliers have become a driving force behind Austria’s econonomy: “If automotive suppliers are thriving, so is the whole economy, and so are we all!"
The share of the Automotive Supplier Industry in the value added of material goods manufactured in Austria has increased to more than ten percent. The branch has become a major mainstay of the Austrian economy and secures employment in a hi-tech sector with an outstanding research level. Thanks to the success of the suppliers the value of automotive exports from Austria already is three times the value of car imports to Austria
The research-, innovation- and quality-oriented Austrian Automotive Industry and its component suppliers are an important and reliable partner of international car manufacturers and tier-one suppliers. The export share of about 90 percent reflects the dense global network of the branch.