The turnover in the Urban and Suburban Passenger Land Transport Sector in Austria stood at 1.74 Billion Euros in 2023. The sector exhibited a year-on-year increase of 3.49% in 2023 after experiencing fluctuations in previous years.
Key observations include:
-Between 2013 and 2017, the sector showed steady growth, with annual variations ranging from 0.92% to 8.81%.
-A notable decline occurred in 2018, with a year-on-year drop of 14.4%, and another significant dip in 2020 at -13.7%.
-Recovery was observed from 2021 onwards, with a CAGR of 2.36% over the last five years up to 2023.
Future forecasts indicate limited growth, with a five-year CAGR of 0.32% from 2024 to 2028. Trends to watch include the impact of urbanization, technological advancements in transport, and environmental policies influencing the sector.
