The national passenger road transport by motor vehicles in Austria has shown significant fluctuations over the years. Starting from 86.13 billion passenger kilometers in 2013, the value increased steadily, reaching 95.67 billion by 2019. A drastic drop occurred in 2020 due to external factors, primarily the COVID-19 pandemic, reducing the value to 80 billion passenger kilometers. However, recovery was swift, with the value rebounding to 92.23 billion in 2021 and continuing upwards to 98.45 billion by 2023.
Key trends observed include:
- Strong growth between 2013 and 2019, with a Compound Annual Growth Rate (CAGR) of 2.11% between 2013 and 2017.
- Significant decline in 2020, impacting the overall CAGR, which dropped to -2.46%.
- Post-2020 recovery, with a notable increase in 2021 and continued growth through 2023.
- Projected steady growth from 2024 onwards, with a forecasted 5-year CAGR of 0.57% and an overall forecasted growth rate of 2.87% by 2028.
Future trends to watch include the impact of evolving transportation technologies, increased adoption of electric vehicles, and potential shifts in travel behavior due to environmental policies and societal trends. Monitoring these variables will provide better insights into long-term trends and potential market disruptions.
