Passenger Cars - Netherlands | Statista Market Forecast

Revenue in the Passenger Cars market is projected to reach US$12.3bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.87%, resulting in a projected market volume of US$12.8bn by 2029.
The market's largest segment is SUVs with a projected market volume of US$4.2bn in 2024.
Passenger Cars market unit sales are expected to reach 424.10k vehicles in 2029.
The volume weighted average price of Passenger Cars market is expected to amount to US$29.76k in 2024.
With a vehicle unit sales share of 11.8% in 2024, Volkswagen is expected to have one of the highest market share in the selected region.
The value market share of the make Tesla in the selected region is expected to stand at 15.8% in 2024.
From an international perspective it is shown that the most revenue will be generated United States (US$605bn in 2024).

The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new 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. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.

The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.

Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.

Newly Sold Passenger cars
Sports cars
SUVs
MPVs

Motorcycles, Buses and Trucks
Commercial Vans (included for the U.S. market only)
Pickup trucks (included for the U.S. market only)

The Passenger Cars market in Netherlands has been experiencing steady growth in recent years, driven by strong customer preferences for fuel-efficient and environmentally friendly vehicles. This trend is in line with global market developments, as consumers worldwide are increasingly concerned about climate change and are seeking more sustainable transportation options.

Customer preferences: In Netherlands, customers have shown a strong preference for electric and hybrid vehicles, as these vehicles offer lower emissions and better fuel efficiency compared to traditional gasoline-powered cars. The government has also implemented various incentives and subsidies to promote the adoption of electric vehicles, further fueling customer demand. Additionally, customers in Netherlands value safety features and advanced technology in their cars, which has led to an increase in the demand for vehicles equipped with advanced driver assistance systems (ADAS) and connectivity features.

Trends in the market: One of the key trends in the Passenger Cars market in Netherlands is the growing popularity of electric vehicles. The government has set ambitious targets to reduce greenhouse gas emissions, and as a result, there has been a significant increase in the sales of electric cars. This trend is expected to continue as more automakers introduce new electric models and the charging infrastructure improves. Another trend in the market is the rise of car-sharing and ride-hailing services, which has led to a decrease in car ownership among urban dwellers. This shift in consumer behavior has prompted automakers to explore new business models and develop mobility solutions to cater to this changing demand.

Local special circumstances: Netherlands has a well-developed charging infrastructure, with a large number of public charging stations and a growing network of fast-charging stations. This has contributed to the increased adoption of electric vehicles in the country. The government has also implemented favorable policies, such as tax incentives and subsidies, to encourage the purchase of electric cars. Additionally, Netherlands has a high population density and well-connected public transportation system, which makes it easier for residents to rely on alternative modes of transportation and reduces the need for car ownership.

Underlying macroeconomic factors: The strong growth in the Passenger Cars market in Netherlands can be attributed to several underlying macroeconomic factors. The country has a stable economy with a high standard of living, which has resulted in a higher disposable income for consumers. This increased purchasing power has allowed customers to afford more expensive vehicles, including electric cars. Additionally, low interest rates and favorable financing options have made it easier for consumers to finance their car purchases. The government's focus on sustainable development and the transition to a low-carbon economy has also played a significant role in shaping customer preferences and driving the growth of the Passenger Cars market in Netherlands.

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).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

Is the global automotive industry experiencing an economic downturn? High inflation rates and raw material price increases recorded throughout 2022 and 2023 have challenged the industry, impacting consumers’ purchasing power and manufacturers’ production costs and profits. However, while global automobile sales slowed in 2022 due to the impact of the automotive semiconductor shortage, the market has been growing since the pandemic, and is forecast to move closer to its pre-pandemic level in 2023.