Key Market Indicators
Austrian vehicle registration is projected to surge to approximately 57.5 million units by 2028, up from around 28.8 million units in 2023. This represents an average annual growth rate of 10.7%. Since 2010, the Austrian market has experienced a remarkable 136% year-on-year increase. In 2023, Austria held the fourth position globally, with China surpassing it with the same number of units. Canada, China, and Austria took the second, third, and fourth spots respectively in the rankings. In terms of vehicle production, Austria is expected to reach about 247,680 units by 2028, growing from approximately 199,380 units in 2023. This marks an average annual growth rate of 3.4%. Since 2002, Austrian vehicle supply has increased by 3.9% year on year. In 2023, Austria ranked 34th in global vehicle production, with Pakistan slightly ahead at the same number of units. The United States, Japan, and Germany occupied the second, third, and fourth positions respectively in this category.
