The road vehicles maintenance expenditure in Austria has shown considerable fluctuations over the years. From a peak of 625 million euros in 2014, the expenditure has generally trended downwards. There was a significant decline in 2016, followed by smaller fluctuations in subsequent years. In 2020, the impact of the global pandemic led to a further drop, but there was a recovery in 2021 and 2022. By 2023, the maintenance expenditure stood at 262 million euros, reflecting a slight decrease of 1.87% from the previous year.
Key trends include:
- Significant increase in 2014 (+106.95%)
- Major declines in 2016 (-37.97%) and 2020 (-18.47%)
- Fluctuating recovery from 2021 to 2023
- A negative CAGR of -1.66% over the last 5 years
Future trends to watch for include a continued gradual decline in maintenance expenditure, forecasted at a -1.66% CAGR from 2024 to 2028. Policy changes, technological advancements in vehicle longevity, and shifts in consumer behavior towards vehicle ownership and usage could further affect future expenditures.
