Key Market Indicators
Austrian passenger transport expenditure is projected to reach $2.4 billion by 2028, up slightly from $2.4 billion in 2023. This represents a modest growth rate of 0.1% annually. Since 2017, Austria has seen a 0.8% annual increase in demand for passenger transport. In 2023, Austria was ranked 15th in terms of expenditure, with Israel surpassing it at $2.4 billion. Leading the rankings were France, Canada, and Italy, holding the second, third, and fourth positions respectively. On the revenue front, Austrian passenger transport is expected to hit $3.5 billion by 2028, rising from $3.2 billion in 2023. This marks an average annual growth rate of 1.6%. The Austrian market has shown a robust 7.7% annual growth since 2000. In 2023, Austria was the 8th largest market by revenue, with Greece overtaking it at $3.2 billion. Qatar, Ireland, and Russia held the second, third, and fourth positions in the rankings respectively.