Forecast: Road Freight Transport in Austria

Austria's road freight transport sector has shown a steady increase from 2013 to 2023, with the volume standing at 19.62 billion tonne-kilometers in 2023. Over the past two years, the market grew by approximately 1.53% year-on-year, showing a modest yet consistent upward trend. The compound annual growth rate (CAGR) over the last five years has been around 1.08%, indicating steady growth.

Key trends observed:

• Annual growth rates fluctuated but remained positive, except for 2020 during the pandemic.
• The period from 2013 to 2023 generally showed a progressive growth pattern despite minor setbacks.
• From 2014 to 2019, the industry experienced relatively higher growth fluctuations, stabilizing slightly post-2020.

Future trends to watch for:

• Forecasted continued growth with a 5-year CAGR of 1.11%, leading to an expected volume of 21.04 billion tonne-kilometers by 2028.
• Potential impacts of technological advancements and environmental regulations on transport efficiency and capacity.
• Geopolitical and economic factors influencing trade routes and logistics.