Minivans - Poland | Statista Market Forecast

Minivans - Poland

Poland

Highlights

Revenue in the Minivans market is projected to reach US$451m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.45%, resulting in a projected market volume of US$509m by 2029.
Minivans market unit sales are expected to reach 20.8k vehicles in 2029.
The volume weighted average price of Minivans 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$42bn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Minivans market in Poland has been experiencing steady growth in recent years, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: In Poland, there has been a shift in customer preferences towards more practical and versatile vehicles, which has contributed to the growth of the Minivans market. Minivans offer ample space for passengers and cargo, making them a popular choice for families and businesses alike. Additionally, the rising popularity of outdoor activities and road trips has increased the demand for vehicles that can comfortably accommodate large groups of people and their belongings.

Trends in the market: One of the key trends in the Minivans market in Poland is the increasing demand for electric and hybrid models. As environmental concerns become more prominent, customers are looking for greener alternatives in their vehicle choices. Electric and hybrid Minivans not only offer lower emissions but also provide cost savings in terms of fuel consumption. This trend is in line with the global shift towards sustainable transportation and is expected to continue driving the growth of the Minivans market in Poland. Another trend in the market is the integration of advanced technology and features in Minivans. Customers are increasingly seeking vehicles that offer convenience, safety, and connectivity. As a result, automakers are equipping Minivans with features such as advanced infotainment systems, driver-assistance technologies, and connectivity options. These technological advancements enhance the overall driving experience and attract customers who value modern amenities in their vehicles.

Local special circumstances: Poland's geographic location and infrastructure play a significant role in the development of the Minivans market. The country is known for its beautiful landscapes and tourist attractions, which attract a large number of domestic and international travelers. Minivans, with their spacious interiors and comfortable seating, are well-suited for long-distance travel and are often preferred by tourists exploring the country. This unique characteristic of the Polish market contributes to the sustained demand for Minivans.

Underlying macroeconomic factors: Poland's strong economic growth and increasing disposable income levels have had a positive impact on the Minivans market. As people's purchasing power increases, they are more likely to invest in larger and more expensive vehicles, such as Minivans. Additionally, low interest rates and favorable financing options make it easier for customers to afford Minivans, further driving the market growth. In conclusion, the Minivans market in Poland is experiencing growth due to changing customer preferences towards practical and versatile vehicles, the increasing demand for electric and hybrid models, the integration of advanced technology and features, the country's unique tourism characteristics, and favorable macroeconomic factors such as strong economic growth and increasing disposable income levels. These factors are expected to continue driving the growth of the Minivans market in Poland in the coming years.

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).