Medium Cars - Poland

Poland

Highlights

Revenue in the Medium Cars market is projected to reach US$2bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.27%, resulting in a projected market volume of US$2bn by 2029.
Medium Cars market unit sales are expected to reach 102.8k vehicles in 2029.
The volume weighted average price of Medium Cars market in 2024 is expected to amount to US$24k.
From an international perspective it is shown that the most revenue will be generated China (US$89bn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Medium Cars market in Poland has seen significant growth and development in recent years.

Customer preferences: Polish consumers have shown a strong preference for medium-sized cars due to their versatility and practicality. These cars offer a good balance between fuel efficiency and interior space, making them suitable for both city driving and longer journeys. Additionally, medium cars are often seen as a status symbol in Poland, as they are associated with a higher level of comfort and luxury compared to smaller vehicles.

Trends in the market: One of the key trends in the Medium Cars market in Poland is the increasing demand for electric and hybrid vehicles. As environmental concerns continue to rise, more and more consumers are opting for greener alternatives. The Polish government has also introduced various incentives and subsidies to promote the adoption of electric and hybrid cars, further driving the demand in this segment. Another trend in the market is the growing popularity of SUV-style medium cars. These vehicles offer a higher driving position and a more rugged appearance, appealing to consumers who value a sense of adventure and versatility. The SUV segment has seen significant growth in recent years, with many manufacturers introducing new models specifically designed for the Polish market.

Local special circumstances: Poland has a well-developed road infrastructure, with a network of highways connecting major cities and regions. This has made medium cars a popular choice among Polish consumers, as they offer a comfortable and efficient mode of transportation for both urban and long-distance travel. Additionally, the relatively low cost of living in Poland compared to other European countries has made medium cars more affordable for a larger portion of the population. This, coupled with easy access to financing options, has contributed to the growth of the market.

Underlying macroeconomic factors: The overall economic growth in Poland has had a positive impact on the Medium Cars market. As disposable incomes increase, more consumers are able to afford medium-sized cars. Additionally, low interest rates and favorable financing options have made it easier for consumers to purchase new vehicles. Furthermore, the Polish government has implemented various initiatives to support the automotive industry, such as tax incentives and subsidies for car manufacturers. These measures have attracted foreign investment and encouraged the production of medium cars in Poland, further boosting the market. In conclusion, the Medium Cars market in Poland has experienced significant growth and development due to customer preferences for practical and versatile vehicles, the increasing demand for electric and hybrid cars, the popularity of SUV-style medium cars, the well-developed road infrastructure, the relatively low cost of living, the favorable financing options, and the government initiatives to support the automotive industry.

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).