The motor vehicles, motorcycles wholesale, retail, and repair output in Austria, expressed in billion euros, showed steady growth between 2013 and 2023. The sector grew from 8.32 billion euros in 2013 to 11.32 billion euros in 2023. Significant year-on-year growth fluctuations were observed with a notable decline of -8.18% in 2020 due to the pandemic impact and a strong rebound of 11% in 2021. From 2024 onwards, the forecast suggests moderate growth, leading to 12.6 billion euros by 2028. Over the last two years, the variations were 3.64% and 1.39%, with a 5-year CAGR as of 2023 at 1.58%. The future trend indicates an average yearly growth rate of 1.69% over the next five years, culminating in an overall increase of 8.76% by 2028.
Future trends to watch for include:
- Technological advancements in electric and autonomous vehicles.
- Government policies and incentives for green mobility.
- Shifts in consumer preferences towards shared mobility solutions.
- Impact of global supply chain disruptions and potential recovery strategies.
