Executive Cars - Poland

Poland

Highlights

Revenue in the Executive Cars market is projected to reach US$493m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.25%, resulting in a projected market volume of US$487m by 2029.
Executive Cars market unit sales are expected to reach 7.8k vehicles in 2029.
The volume weighted average price of Executive Cars market in 2024 is expected to amount to US$62k.
From an international perspective it is shown that the most revenue will be generated China (US$63bn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Executive Cars market in Poland has been experiencing significant growth in recent years.

Customer preferences: Polish consumers have shown a strong preference for executive cars, which are often seen as a symbol of status and success. These cars are typically associated with luxury, comfort, and advanced features. Customers in Poland value the prestige and high-quality craftsmanship that executive cars offer. They appreciate the spacious interiors, powerful engines, and cutting-edge technology that these vehicles provide. Additionally, Polish consumers prioritize safety and reliability when choosing an executive car.

Trends in the market: One of the key trends in the Executive Cars market in Poland is the increasing demand for electric and hybrid vehicles. As environmental concerns become more prominent, Polish consumers are becoming more conscious of their carbon footprint. They are looking for greener alternatives that can still offer the luxury and performance they desire. This trend is driven by advancements in electric vehicle technology, as well as government incentives and subsidies for eco-friendly cars. As a result, many automakers are introducing electric and hybrid options to cater to this growing demand. Another trend in the market is the rise of leasing and subscription services for executive cars. Polish consumers are increasingly opting for flexible ownership models that allow them to enjoy the benefits of an executive car without the long-term commitment and financial burden of purchasing one. Leasing and subscription services provide customers with the opportunity to drive different models and upgrade their vehicles more frequently. This trend is fueled by the convenience and affordability of these services, as well as the desire to stay up-to-date with the latest automotive innovations.

Local special circumstances: Poland's growing economy and rising disposable incomes have contributed to the development of the Executive Cars market. As the country experiences economic growth, more individuals and businesses have the financial means to afford executive cars. This has created a larger customer base and increased demand for these vehicles. Additionally, Poland's expanding middle class has led to a greater desire for luxury and status symbols, further driving the demand for executive cars.

Underlying macroeconomic factors: Poland's stable political environment and favorable business climate have attracted foreign investments and contributed to economic growth. This has resulted in increased job opportunities and higher incomes, allowing more individuals to afford executive cars. Additionally, Poland's strong automotive industry, with both domestic and international manufacturers operating in the country, has stimulated the market by offering a wide range of executive car options. The availability of financing options and favorable interest rates have also made it easier for consumers to purchase or lease executive cars. In conclusion, the Executive Cars market in Poland is growing due to customer preferences for luxury, comfort, and advanced features. The increasing demand for electric and hybrid vehicles, as well as the rise of leasing and subscription services, are key trends in the market. Poland's growing economy, rising disposable incomes, stable political environment, and strong automotive industry are the underlying macroeconomic factors driving the development of the market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).