Forecast: Production in Air Transport Sector in Austria

The air transport sector in Austria experienced fluctuations over the past decade. The production value declined steadily from 2013 until 2016, picking up slightly in 2017 and 2018. A notable spike occurred in 2019 before plummeting in 2020 due to global disruptions. Recovery was observed starting in 2021, culminating in a value of 2.78 billion euros in 2023. Moving forward, the forecast indicates steady growth, reaching 2.97 billion euros by 2028 with an average annual growth rate (CAGR) of 1.04% over the next five years.

Future trends to watch:

  • Technological advancements influencing increased efficiency and productivity.
  • Shifts in travel behavior, possibly due to environmental concerns and regulatory changes.
  • The impact of economic fluctuations and geopolitical factors on international travel demand.

Top Countries about Air Passenger Transport