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Minivans - Romania

Romania
  • Revenue in the Minivans market is projected to reach US$186m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.54%, resulting in a projected market volume of US$244m by 2029.
  • Minivans market unit sales are expected to reach 14.0k vehicles in 2029.
  • The volume weighted average price of Minivans market in 2024 is expected to amount to US$18k.
  • From an international perspective it is shown that the most revenue will be generated China (US$42bn in 2024).

The Minivans Market segment includes passenger cars of an average footprint around 4.25m2 (46 ft2) and an average mass around 1600kg (3500lbs), with their roofs extended in the back in order to prioritize their passenger and cargo volume (up to 3.7 m3 or 130 ft3). The defining features of this segment include sliding doors and three rows of seats. A passenger car model always serves as the technical basis. All key figures shown represent the sales of new minivans 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: M (Multi-Purpose Cars – excluding vans)
  • US Car Segment: MPV, Minivan
  • Chinese Car Segment: Multi-Purpose Vehicles
  • Also known as: MPV, Multi-Purpose Cars, People Carrier

Example models: Citroën C4 Picasso, Peugeot 5008, Fiat 500L, Kia Carnival.

In-Scope

  • Passenger cars - Minivans

Out-Of-Scope

  • Cargovans and Minibuses
  • Pickup trucks
Minivans: market data & analysis - Cover

Market Insights report

Minivans: 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 Minivans market in Romania has been experiencing steady growth in recent years. Customer preferences have shifted towards larger vehicles that offer more space and versatility. This trend is driven by several factors, including changing lifestyles and the need for practical transportation solutions. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the Minivans market in Romania.

    Customer preferences:
    In Romania, customer preferences for Minivans have been influenced by changing lifestyles and the need for practical transportation solutions. As families grow and individuals seek more space, Minivans provide an ideal solution. These vehicles offer ample seating capacity, spacious interiors, and flexible storage options, making them suitable for both daily commutes and longer trips. Furthermore, the rise of outdoor activities and recreational pursuits has also contributed to the increased demand for Minivans, as they can easily accommodate equipment such as bicycles, camping gear, and sports gear.

    Trends in the market:
    One of the key trends in the Minivans market in Romania is the increasing popularity of hybrid and electric Minivans. With growing concerns about environmental sustainability and the need to reduce carbon emissions, customers are seeking greener alternatives. Hybrid and electric Minivans offer lower fuel consumption and reduced emissions, making them an attractive choice for environmentally conscious consumers. Additionally, advancements in battery technology have improved the range and performance of electric Minivans, further driving their adoption. Another trend in the Minivans market in Romania is the integration of advanced safety features. Customers are increasingly prioritizing safety when choosing vehicles, and Minivans have responded to this demand. Manufacturers have incorporated features such as lane departure warning, blind-spot monitoring, adaptive cruise control, and automatic emergency braking systems into their Minivan models. These safety features provide peace of mind for customers, especially those with families.

    Local special circumstances:
    Romania has a growing middle class, which has contributed to the development of the Minivans market. As disposable incomes increase, more families are able to afford Minivans as their primary mode of transportation. Additionally, Romania has a strong tourism industry, with many visitors opting to explore the country's natural beauty and historical sites. Minivans are a popular choice for tourists, as they can comfortably accommodate larger groups and luggage.

    Underlying macroeconomic factors:
    The Romanian economy has been growing steadily in recent years, which has positively impacted the Minivans market. With a stable economy and increasing consumer confidence, individuals are more willing to make larger purchases, such as Minivans. Furthermore, favorable financing options and low interest rates have made it easier for customers to afford Minivans. In conclusion, the Minivans market in Romania is developing due to changing customer preferences, including the need for more space and practical transportation solutions. The market is also influenced by trends such as the increasing popularity of hybrid and electric Minivans, as well as the integration of advanced safety features. Local special circumstances, such as a growing middle class and a thriving tourism industry, have further contributed to the development of the market. Additionally, underlying macroeconomic factors, such as a stable economy and favorable financing options, have made Minivans more accessible to customers.

    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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