The motor vehicles, trailers, and semi-trailers output in Austria has demonstrated a steady increase from 2013 to 2019, culminating in a significant peak in 2019. However, the onset of the COVID-19 pandemic in 2020 saw a sharp decline of 19.31% in output. The market rebounded in the succeeding years with a 7.9% increase in 2021 and incrementally by 2.99% in 2022. As of 2023, the value stood at 18.13 Billion Euros, having grown by 3.86% over the previous year. The Compound Annual Growth Rate (CAGR) for the last five years is modest at -0.56%.

Looking forward, the forecast predicts gradual growth with a 2.62% CAGR over the next five years, reaching an output of 21.4 Billion Euros by 2028. Future trends to watch for include:

Potential impacts of technological advancements in electric and autonomous vehicles.
Shifts in global supply chains and raw material availability.
Changes in regulatory landscapes and environmental policies within the EU.
Consumer demand fluctuations post-pandemic and economic uncertainties.