The turnover of urban and suburban passenger land transport in Austria has demonstrated fluctuations over the past decade. After steady growth from 2013 to 2017, a significant decline was observed in 2018. The subsequent years showed a mix of recovery and decline, majorly influenced by a 13.7% drop in 2020, likely due to the COVID-19 pandemic. By 2023, the turnover stood at 1.74 billion Euros, reflecting a positive year-on-year variation of 3.49% and a 2.36% CAGR over the last five years.
Going forward, the market is expected to stabilize with modest growth rates. The forecast indicates a slow but steady increase in turnover up to 2028, with a five-year CAGR of 0.32%. Future trends to watch for include the impact of increasing urbanization, advancements in green and efficient transport technologies, and potential shifts in public transportation usage patterns as the society adapts to post-pandemic norms.
