Forecast: Commercial Vehicles in Use in Austria

The commercial vehicles in use in Austria have shown a consistent upward trend from 2013 to 2019, with slight growth rates averaging around 1-2% annually. However, in 2020 there was a significant decline of 16.12%, likely due to the impacts of the COVID-19 pandemic. Recovery was seen in 2021 with a 15.64% increase, followed by a steady growth reaching 0.97% in 2023. As of 2023, the figure stood at 492.53 thousand units.

Year-on-year analysis of the last two years shows an average increase of 3.65%, effectively recovering from the 2020 slump. The compound annual growth rate (CAGR) over the past five years stands at 1.03%. Looking ahead, the forecasted CAGR for the next five years is expected to be 0.79%, with an estimated growth rate of 4% until 2028.

Future trends to watch for include potential influences of technological advancements in commercial vehicles, especially electric and autonomous vehicles, and economic conditions influencing the logistics and transportation sector. It is crucial to monitor how these factors could impact vehicle usage and potential regulation changes that may drive the market dynamics.