Skip to main content
  1. Market Insights
  2. Mobility
  3. Passenger Cars

Large Cars - Cambodia

Cambodia
  • Revenue in the Large Cars market is projected to reach US$2m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.35%, resulting in a projected market volume of US$2m by 2029.
  • Large Cars market unit sales are expected to reach 69.0vehicles in 2029.
  • The volume weighted average price of Large Cars market in 2024 is expected to amount to US$33k.
  • From an international perspective it is shown that the most revenue will be generated China (US$106bn in 2024).

The Large Cars Market segment includes family passenger cars of an average footprint around 4.30m2 (46 ft2), an average mass around 1640kg (3620lbs) and a passenger/cargo volume between 3.1 m3 and 3.4 m3 (110 ft3 and 119 ft3). All key figures shown represent the sales of new large cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models.

  • European Car Segment: D (Large Cars)
  • US Car Segment: Mid-size Cars
  • Chinese Car Segment: Category B
  • Also known as: Large Family Cars, Intermediate Cars, Compact Executive Cars, Entry-level Luxury Cars

Example models: Audi A4, BMW 3 Series, Citroën C5, Ford Mondeo, Honda Accord, Mazda 6, Mercedes-Benz C-Class, Opel Insignia, Opel Zafira, Škoda Superb, Subaru Forester, Subaru Outback, Toyota Avensis, Volkswagen Passat.

In-Scope

  • Family passenger cars - Large cars
  • Premium large cars

Out-Of-Scope

  • Large SUVs
  • Sports models
Large Cars: market data & analysis - Cover

Market Insights report

Large Cars: market data & analysis

Study Details

    Unit Sales

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The Large Cars market in Cambodia has been experiencing steady growth in recent years. Customer preferences for larger vehicles, coupled with favorable economic conditions, have contributed to the development of this market.

    Customer preferences:
    In Cambodia, there is a growing preference for large cars among consumers. This can be attributed to several factors. Firstly, larger cars are often associated with status and prestige, and owning a large car is seen as a symbol of success. Additionally, large cars offer more space and comfort, which is particularly appealing to families and those who frequently travel long distances. Furthermore, the rugged terrain and underdeveloped road infrastructure in certain parts of Cambodia make large cars a practical choice for many consumers.

    Trends in the market:
    The Large Cars market in Cambodia has been witnessing a steady increase in demand. This can be attributed to several trends. Firstly, the rising disposable income of Cambodian consumers has allowed them to afford larger and more expensive cars. As the economy continues to grow, more people are able to purchase large cars, leading to an increase in sales. Secondly, the availability of financing options has made it easier for consumers to purchase large cars. Many banks and financial institutions offer attractive loan packages with flexible repayment terms, making it more affordable for consumers to buy large cars. Lastly, the increasing number of car dealerships and the expansion of the distribution network have made large cars more accessible to consumers across Cambodia.

    Local special circumstances:
    Cambodia's unique geographical and cultural factors have also contributed to the development of the Large Cars market. The country's diverse landscapes, which include both urban areas and rural regions, require vehicles that can navigate various terrains. Large cars, with their higher ground clearance and robust build, are well-suited for these conditions. Additionally, Cambodia's strong cultural emphasis on family and social status has also influenced the demand for large cars. Owning a large car is often seen as a symbol of success and social standing, which further drives the demand for these vehicles.

    Underlying macroeconomic factors:
    Several macroeconomic factors have played a significant role in the growth of the Large Cars market in Cambodia. The country's stable economic growth and increasing GDP have resulted in a rise in disposable income, allowing more people to afford large cars. Additionally, the government's efforts to improve infrastructure and expand road networks have made it more convenient for consumers to own and use large cars. The government's focus on attracting foreign investments and promoting tourism has also contributed to the growth of the Large Cars market, as it has led to an increase in the number of expatriates and tourists who prefer to drive large cars. In conclusion, the Large Cars market in Cambodia is developing due to customer preferences for larger vehicles, favorable economic conditions, and unique geographical and cultural factors. As the economy continues to grow and consumer purchasing power increases, the demand for large cars is expected to further rise in the coming years.

    Technical Specifications

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Level 0: No automation and very limited driver assistance in the form of automatic emergency braking or blind-spot warning. Level 1: Driver assistance such as cruise control or lane centering. Level 2: Partial automation, including brake and steering support. Level 3: Conditional automation in which the vehicle can perform most driving tasks. In certain scenarios, human intervention is still needed.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Price

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Methodology

    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).

    Mobility

    Access more Market Insights on Mobility topics with our featured report

    Large Cars: market data & analysis - BackgroundLarge Cars: market data & analysis - Cover

    Contact

    Get in touch with us. We are happy to help.