The number of motor coaches, buses, and trolley buses seats in Austria saw a general increase from 2013 to 2019, despite fluctuations. The market significantly dropped in 2020 but quickly recovered and surpassed pre-pandemic levels by 2022, reaching 434.35 million units in 2023. Year-on-year variations showed notable dips in 2019 and 2020 but rebounded strongly in 2021 with a growth rate of 14.67%. Over the past five years, the compound annual growth rate (CAGR) was modest at 0.13%.
Future projections from 2024 to 2028 suggest a steady though slight increase, with an average annual growth rate (CAGR) of 0.16%. By 2028, the market is forecasted to grow at a 5-year growth rate of 0.8%.
Future trends to watch for include:
- Investment in sustainable and eco-friendly transportation technologies
- Expansion of Austria’s public transportation network
- Impact of urbanization and population growth on transportation needs
