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

Medium Cars - Georgia

Georgia
  • Revenue in the Medium Cars market is projected to reach US$15m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.55%, resulting in a projected market volume of US$15m by 2029.
  • Medium Cars market unit sales are expected to reach 606.0vehicles in 2029.
  • The volume weighted average price of Medium Cars market in 2024 is expected to amount to US$25k.
  • From an international perspective it is shown that the most revenue will be generated China (US$89bn in 2024).

The Medium Cars Market segment includes vehicles of an average footprint around 4.1m2 (44 ft2), an average mass around 1420kg (3130lbs) and a passenger/cargo volume between 2.8 m3 and 3.1 m3 (100 ft3 and 109 ft3). All key figures shown represent the sales of new medium 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: C (Medium Cars)
  • US Car Segment: Compact Cars
  • Chinese Car Segment: Category B
  • Also known as: Small Family Cars

Example models: Alfa Romeo Giulietta, Audi A3, BMW 1 Series, Citroën C4, Fiat Doblo Panorama, Ford Focus, Honda Civic, Kia Cee'd, Mazda 3, Nissan Qashqai, Opel Astra, Peugeot 308, Renault Megane, Renault Scenic, Seat León, Škoda Octavia, Toyota Auris, Volkswagen Golf.

In-Scope

  • Family passenger cars - Medium cars
  • Premium compact models

Out-Of-Scope

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

Market Insights report

Medium 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 Medium Cars market in Georgia has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

    Customer preferences in the Medium Cars market in Georgia have shifted towards vehicles that offer a balance between affordability and performance. Customers are looking for cars that are fuel-efficient, have low maintenance costs, and provide a comfortable driving experience. They also prioritize safety features and the latest technological advancements in their vehicles.

    These preferences align with global trends in the automotive industry, as customers worldwide are increasingly seeking value for their money. One of the key trends in the Medium Cars market in Georgia is the increasing demand for electric and hybrid vehicles. As concerns about climate change and environmental sustainability grow, customers are becoming more conscious of their carbon footprint.

    Electric and hybrid vehicles offer a greener alternative to traditional gasoline-powered cars, and their popularity is rising globally. This trend is also reflected in Georgia, where the government has implemented incentives and subsidies to promote the adoption of electric vehicles. Another trend in the market is the growing popularity of compact SUVs in Georgia.

    These vehicles combine the practicality and versatility of an SUV with the fuel efficiency and maneuverability of a compact car. Compact SUVs have gained traction among customers who value spaciousness and a higher driving position, making them particularly appealing in Georgia's urban areas. Local special circumstances also play a role in the development of the Medium Cars market in Georgia.

    The country's geographical location, situated at the crossroads of Europe and Asia, makes it an attractive market for international car manufacturers. This has led to a wide range of car models being available to customers in Georgia, catering to different preferences and budgets. Additionally, the government's efforts to improve infrastructure and promote economic growth have had a positive impact on the automotive industry.

    Investments in road networks and transportation systems have made it easier for customers to access and commute with their vehicles. This has contributed to the overall growth of the Medium Cars market in Georgia. Underlying macroeconomic factors, such as GDP growth, income levels, and consumer confidence, also influence the development of the Medium Cars market in Georgia.

    As the economy continues to grow and incomes rise, more customers are able to afford medium-sized cars. Moreover, increased consumer confidence encourages individuals to make larger purchases, including cars. In conclusion, the Medium Cars market in Georgia is experiencing growth due to customer preferences for affordable and performance-oriented vehicles, the increasing demand for electric and hybrid cars, the popularity of compact SUVs, local special circumstances such as geographical location and government initiatives, and underlying macroeconomic factors.

    These factors collectively contribute to the positive development of the Medium Cars market in Georgia.

    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

    Medium Cars: market data & analysis - BackgroundMedium Cars: market data & analysis - Cover

    Contact

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