Between 2013 and 2023, employment in the Freight Transport by Road sector in Austria exhibited modest fluctuations in full-time equivalents (FTEs). Starting at 47.19 thousand FTEs in 2013, the sector saw incremental growth with notable spikes in 2016 and 2017. However, the period from 2018 to 2021 experienced slight declines or stagnation. By 2023, employment stood at 50.17 thousand FTEs, reflecting a 0.26% year-on-year increase and a 0.042% CAGR over the past five years.
Future trends to watch:
• Continued moderate growth forecasted, with an estimated 1.02% growth rate over the next five years.
• Potential impacts from technological advancements in logistics and transportation.• Regulatory changes and economic fluctuations influencing labor demand.• Increased focus on sustainability within the sector affecting employment dynamics.
