From 2013 to 2023, the registrations of motorcycles in Austria have experienced a general declining trend, with a notable dip in 2020, likely influenced by the global pandemic. Despite slight rebounds in 2021 and 2022, the registrations continued to show a negative year-on-year variation (-1.59%) in 2023, standing at 38.14 thousand registrations. The Compound Annual Growth Rate (CAGR) over the last five years (from 2018 to 2023) was -1.15%, indicating a gradual decline.
Looking forward to the forecasted period from 2024 to 2028, registrations are expected to continue this downward trajectory, with an anticipated 2028 forecasted five-year CAGR at -1.39% and an overall forecasted five-year growth rate at -6.74%. By 2028, registrations are expected to drop to 34.81 thousand.
Future trends to watch for include:
- Potential impacts of economic recovery post-pandemic.
- Consumer preferences shifting towards electric and sustainable modes of transportation.
- Regulatory changes and incentives impacting motorcycle purchases.