Small Cars - Poland

  • Poland
  • Revenue in the Small Cars market is projected to reach US$985m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.63%, resulting in a projected market volume of US$954m by 2029.
  • Small Cars market unit sales are expected to reach 59,380.0vehicles in 2029.
  • The volume weighted average price of Small Cars market in 2024 is expected to amount to US$16k.
  • From an international perspective it is shown that the most revenue will be generated in China (US$13,290m in 2024).

Key regions: Europe, Worldwide, China, United Kingdom, United States

 
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Analyst Opinion

The Small Cars market in Poland has been experiencing steady growth over the past few years. Customer preferences in the market are largely driven by factors such as fuel efficiency, affordability, and compact size. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the Small Cars market in Poland.

Customer preferences:
Polish customers have shown a strong preference for small cars due to their fuel efficiency. With rising fuel prices, customers are looking for vehicles that can offer good mileage and help them save on fuel costs. Small cars are known for their excellent fuel economy, making them an attractive choice for budget-conscious consumers. Affordability is another key factor driving customer preferences in the Small Cars market. Small cars are generally more affordable compared to larger vehicles, making them accessible to a wider range of customers. In a price-sensitive market like Poland, affordability plays a significant role in shaping customer preferences. The compact size of small cars is also highly valued by customers in Poland. The country's urban areas are characterized by narrow streets and limited parking spaces, making maneuverability and easy parking essential. Small cars are well-suited for navigating through congested city streets and fitting into tight parking spots, which is a major advantage for customers.

Trends in the market:
One notable trend in the Small Cars market in Poland is the increasing demand for electric and hybrid small cars. As environmental concerns gain prominence, customers are becoming more conscious of their carbon footprint and seeking greener alternatives. Electric and hybrid small cars offer lower emissions and reduced fuel consumption, making them an appealing choice for eco-conscious customers. Another trend is the growing popularity of small SUVs in the Small Cars market. Small SUVs combine the compact size of small cars with the versatility and ruggedness of SUVs. These vehicles offer a higher seating position and increased cargo space, providing customers with a practical and stylish option.

Local special circumstances:
Poland's infrastructure and road conditions have played a role in shaping the Small Cars market. The country has a well-developed road network, including highways and urban roads. Small cars are well-suited for navigating these roads, offering agility and ease of maneuverability. Additionally, the high population density in urban areas has also contributed to the demand for small cars. With limited parking spaces and congested city streets, small cars are a practical choice for urban dwellers.

Underlying macroeconomic factors:
Poland's stable economic growth has provided a favorable environment for the Small Cars market. As disposable incomes increase, more customers are able to afford cars, leading to higher demand in the market. The country's robust automotive industry and favorable investment climate have also attracted foreign automakers, further fueling the growth of the Small Cars market. In conclusion, the Small Cars market in Poland is driven by customer preferences for fuel efficiency, affordability, and compact size. The market has witnessed trends such as the increasing demand for electric and hybrid small cars and the popularity of small SUVs. Local special circumstances, including infrastructure and population density, have also influenced the market. Overall, the Small Cars market in Poland is expected to continue growing in the coming years, supported by favorable macroeconomic factors.

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).

Overview

  • Unit Sales
  • Analyst Opinion
  • Technical Specifications
  • Revenue
  • Price
  • Global Comparison
  • Methodology
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