The turnover of motor vehicles, trailers, and semi-trailers in Austria has shown a steady increase from 2013 to 2019, with a peak in 2019 at 20.0 billion Euros. The year 2020 experienced a significant decline of -18.19% due to unforeseen disruptions. Recovery began in 2021 with a 13.66% increase, and by 2023 the turnover reached 21.37 billion Euros, marking a 6.02% year-on-year growth from 2022. The average annual variation over the last five years (CAGR) stood at 2.72%. Future forecasts predict a gradual increase with a forecasted CAGR of 1.56% and a 5-year growth rate of 8.02%, reaching 23.57 billion Euros by 2028.
Trends to watch for:
- Technological advancements in the automotive industry.
- Shifts towards electric and autonomous vehicles.
- Economic policies affecting the automotive market.
- Consumer preferences and demand for sustainable solutions.
- Impact of global supply chain dynamics.
