The new registrations of road tractors in Austria stood at 4.47 thousand in 2023. The period from 2013 to 2023 shows a year-on-year variation with peaks and troughs, including significant declines in 2014 and 2020, followed by rebounds in subsequent years. The overall trend demonstrates moderate growth with yearly fluctuations, showing an average CAGR of 2.76% over the last five years.
The forecasted data from 2024 to 2028 anticipates a continued gradual increase, with new registrations expected to reach 4.9 thousand by 2028. This represents a forecast 5-year CAGR of 1.53% and a total growth rate of 7.9% over the period. Nevertheless, the year-on-year growth rate is expected to remain lower than historical figures, reflecting a stabilizing market.
Future Trends to Watch For:
- Sustainability: Increasing environmental regulations and demand for sustainable transport solutions may drive shifts towards electric or hybrid tractors.
- Technological Advancements: Integration of advanced technologies like autonomous driving and telematics could influence new registrations.
- Market Saturation: As the market matures, growth rates could stabilize or decline if demand reaches saturation.
