Passenger Cars - Poland | Statista Market Forecast

Revenue in the Passenger Cars market is projected to reach US$15.0bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.99%, resulting in a projected market volume of US$15.7bn by 2029.
The market's largest segment is SUVs with a projected market volume of US$7.4bn in 2024.
Passenger Cars market unit sales are expected to reach 501.30k vehicles in 2029.
The volume weighted average price of Passenger Cars market is expected to amount to US$31.20k in 2024.
With a vehicle unit sales share of 15.2% in 2024, Toyota is expected to have one of the highest market share in the selected region.
The value market share of the make Toyota in the selected region is expected to stand at 12.0% 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 Poland has seen significant growth over the past few years, driven by changing customer preferences, market trends, and local special circumstances. Customer preferences in the Passenger Cars market in Poland have shifted towards more fuel-efficient and environmentally friendly vehicles.

This can be attributed to increasing awareness about climate change and the need to reduce carbon emissions. Customers are also seeking vehicles that offer advanced safety features and innovative technology, such as connectivity options and autonomous driving capabilities. Additionally, there is a growing demand for compact and mid-size cars, as they are considered more practical for urban driving conditions.

Trends in the market have also contributed to the growth of the Passenger Cars market in Poland. One of the key trends is the increasing popularity of electric and hybrid vehicles. This can be attributed to government incentives and subsidies, as well as the availability of a wider range of electric vehicle models.

Another trend is the rise of car-sharing and ride-hailing services, which have led to increased demand for compact and affordable vehicles. Additionally, there is a growing trend towards online car sales, with customers preferring to research and purchase vehicles through digital channels. Local special circumstances have also played a role in the development of the Passenger Cars market in Poland.

The country has a well-developed automotive industry, with several major manufacturers and suppliers operating in the market. This has led to a competitive market environment, with manufacturers constantly introducing new models and technologies to attract customers. Additionally, Poland has a strong network of dealerships and service centers, providing customers with easy access to sales and after-sales support.

Underlying macroeconomic factors have also influenced the growth of the Passenger Cars market in Poland. The country has experienced steady economic growth in recent years, leading to increased disposable income and consumer spending. This has allowed more individuals and households to afford cars, driving up demand in the market.

Additionally, low interest rates and favorable financing options have made it easier for customers to purchase cars, further boosting sales. In conclusion, the Passenger Cars market in Poland has experienced significant growth due to changing customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards more fuel-efficient and technologically advanced vehicles, the rise of electric and hybrid vehicles, the popularity of car-sharing and online car sales, the presence of a competitive market environment, and favorable macroeconomic conditions have all contributed to the development of the market.

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.