The market size for diesel trucks weighing between 5-20 tonnes in Austria stood at 477.81 million USD in 2023. Looking back, from 2013 to 2023, the market has seen fluctuations with notable high and low points. After peaking in 2014, it experienced declines, reaching a significant low in 2020. The market slightly recovered in subsequent years.
Year-on-year, there has been variability: the market decreased by 17.34% in 2020, rebounded in 2021 with a 14% increase, followed by a 4.84% growth in 2022, and ended with a minor decrease of 0.39% in 2023. Over the last five years, the market’s compound annual growth rate (CAGR) stood at 0.13%.
Forecasts from 2024 to 2028 indicate a slight downward trend with a forecasted five-year CAGR of -0.32% and an overall forecasted growth rate of -1.57%. This suggests a marginal contraction in the market size for diesel trucks in this range.
Future trends to watch for include shifts towards alternative energy sources due to increasing environmental regulations, changes in transportation demands, and technological advancements in vehicle efficiency and automation. These factors could significantly impact the market dynamics moving forward.
