Key Market Indicators
Austrian vehicle registrations are projected to soar 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%. The Austrian market has seen a significant surge since 2010, boasting a year-on-year increase of 136%. In 2023, Austria ranked fourth in vehicle registrations, with China surpassing it with the same number of units registered. Canada and China held the second and third spots, respectively, in this ranking. Meanwhile, Austrian vehicle production is expected to climb to nearly 247,700 units by 2028, rising from about 199,400 units in 2023. This growth translates to a compound annual growth rate (CAGR) of 3.4%. Since 2002, Austria's vehicle production supply has grown at an annual rate of 3.9%. In 2023, Austria ranked 34th in vehicle production, with Pakistan slightly ahead at the same production volume. The United States, Japan, and Germany secured the second, third, and fourth positions, respectively, in the global ranking.
