The number of Diesel Motor Coaches, Buses, and Trolley Buses in Austria has shown a general upward trend from 2013 to 2023, with minor fluctuations. As of 2023, the fleet stood at 10.11 thousand units, reflecting a year-on-year increase of 0.49%. Over the last five years, the compound annual growth rate (CAGR) averaged 0.98%, indicating a moderate but steady increase.
The historical performance highlights periods of stronger growth, such as between 2016 and 2019, where year-on-year increases ranged between 1.85% and 2.12%. However, the growth rate slowed during 2020, registering a slight decline of 0.96%, likely due to the global pandemic. Recovery followed with variable yearly increases peaking in 2022 at 2.47%.
The forecast data from 2024 to 2028 anticipates continued growth, albeit at a more modest pace. The projected CAGR over these five years is 0.61%, with an expected total growth rate of 3.11% during this period.
Future Trends to Watch For:
- Technological advancements and the shift towards greener public transportation methods like electric vehicles.
- Government policies and incentives aimed at reducing carbon emissions which could impact the demand for diesel-powered vehicles.
- Evolving urbanization patterns that might boost the need for expanded public transportation networks.
- Economic factors and fuel price volatility that could affect the operational costs of diesel motor coaches and buses.
