Forecast: Output of Motor Vehicles in Austria

In 2023, Austria's motor vehicle output stood at 21.82 billion Euros. From 2024 to 2028, the output is forecasted to grow from 22.57 to 25.56 billion Euros. The year-on-year growth rates are as follows: 3.4% in 2024, 3.4% in 2025, 3.2% in 2026, 3.1% in 2027, and 3.0% in 2028. The compound annual growth rate (CAGR) over the five-year period is estimated to be 3.2%. Overall, this indicates a steady upward trend in Austria's motor vehicle output.

Future trends to watch for include the adoption of electric vehicles, advancements in automotive technology, and potential shifts in supply chain dynamics due to geopolitical factors or economic policies. Sustainability initiatives and consumer preferences for eco-friendly vehicles are likely to further influence production volumes.