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Large Cars - Romania

Romania
  • Revenue in the Large Cars market is projected to reach US$692m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.00%, resulting in a projected market volume of US$802m by 2029.
  • Large Cars market unit sales are expected to reach 20.1k vehicles in 2029.
  • The volume weighted average price of Large Cars market in 2024 is expected to amount to US$40k.
  • 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 Romania is experiencing steady growth due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in Romania are shifting towards larger cars, as consumers prioritize comfort, space, and safety.

    Large cars offer ample seating and cargo space, making them ideal for families and long-distance travel. Additionally, the perception of large cars as a status symbol contributes to their popularity among consumers in Romania. Trends in the market further support the growth of the Large Cars segment.

    As disposable incomes rise and the economy strengthens, more consumers in Romania are able to afford larger vehicles. This trend is also influenced by the increasing availability of financing options, making it easier for consumers to purchase large cars. Local special circumstances in Romania also contribute to the development of the Large Cars market.

    The country has a vast road network, including highways and rural roads, which require vehicles with good performance and durability. Large cars are well-suited for navigating these road conditions, making them a popular choice among Romanian consumers. Underlying macroeconomic factors play a significant role in the growth of the Large Cars market in Romania.

    The country's GDP has been steadily increasing, indicating overall economic growth and stability. This has a positive impact on consumer confidence and purchasing power, leading to increased demand for large cars. Additionally, Romania has a growing middle class, which further drives the demand for large cars.

    As more individuals move up the income ladder, they aspire to own larger and more luxurious vehicles. This trend is expected to continue as the economy continues to improve and more consumers enter the middle class. In conclusion, the Large Cars market in Romania is experiencing growth due to customer preferences for comfort and space, market trends towards larger vehicles, local special circumstances such as road conditions, and underlying macroeconomic factors including rising incomes and a growing middle class.

    These factors are expected to continue driving the growth of the Large Cars market in Romania in the foreseeable future.

    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).

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