Forecast: Motor Vehicles Turnover in Austria

The motor vehicle turnover in Austria has experienced a series of fluctuations over the past decade. From 2013 to 2016, the market showed modest growth with slight year-on-year increases and a marginal overall CAGR. A significant boost occurred in 2017 and 2018, where notable increases were recorded, peaking in 2019 before a downturn in 2020, largely attributable to external global factors. Over the last two years, growth has recovered consistently at 9.04% and 6.65%, reaching 13.08 billion euros in 2023. The CAGR over the past five years stands at 2.66%. Looking ahead, the motor vehicle turnover is forecast to grow steadily, achieving a 10.25% increase over the next five years with an annual average CAGR of 1.97%, reaching up to 14.8 billion euros by 2028.

Future trends to watch for:

• Impacts of economic recovery and consumer confidence on vehicle sales.
• Emergence and adoption of electric and autonomous vehicles.
• Influence of regulatory changes and environmental policies on the automotive sector.
• Technological advancements and their integration into new vehicle models.