The turnover in the manufacture of motor vehicles sector in Austria stood at 13.57 billion Euros in 2023. Forecasted data indicates a steady annual increase: 13.91 billion Euros in 2024, 14.27 billion Euros in 2025, 14.62 billion Euros in 2026, 14.98 billion Euros in 2027, and reaching 15.33 billion Euros in 2028. The year-on-year growth from 2023 to 2024 is approximately 2.5%, with similar steady increases expected annually. The forecasted Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) averages around 2.7%.

Future trends to watch for include:

Technological advancements and innovation in vehicle manufacturing.
Transition towards electric and hybrid vehicles driven by environmental regulations.
Potential impacts of global economic conditions and supply chain disruptions.
Shifts in consumer preferences towards sustainable and efficient transport options.