Sports Cars - Netherlands

Netherlands

Highlights

Revenue in the Sports Cars market is projected to reach US$921m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.81%, resulting in a projected market volume of US$1bn by 2029.
Sports Cars market unit sales are expected to reach 18.8k vehicles in 2029.
The volume weighted average price of Sports Cars market in 2024 is expected to amount to US$56k.
From an international perspective it is shown that the most revenue will be generated United States (US$20bn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Sports Cars market in Netherlands has been experiencing steady growth in recent years, driven by customer preferences for high-performance vehicles and the country's strong economy. Customer preferences in the Netherlands are increasingly leaning towards sports cars due to their stylish design, powerful engines, and superior performance.

Dutch consumers value the thrill and excitement that sports cars provide, making them a popular choice among car enthusiasts. Additionally, sports cars are often seen as a status symbol, representing wealth and success. As the Netherlands has a relatively high income level, many consumers are able to afford these luxury vehicles.

Trends in the market show that there is a growing demand for electric sports cars in the Netherlands. With the country's focus on sustainability and reducing carbon emissions, electric vehicles have gained popularity among environmentally conscious consumers. Electric sports cars offer the same level of performance as traditional sports cars, but with the added benefit of being more environmentally friendly.

This trend is expected to continue as the government provides incentives for electric vehicle adoption and the infrastructure for charging stations continues to expand. Another trend in the market is the increasing popularity of luxury sports SUVs. These vehicles combine the performance and style of a sports car with the practicality and space of an SUV.

The versatility of luxury sports SUVs appeals to Dutch consumers who value both performance and functionality in their vehicles. This trend is in line with the global market, where luxury SUVs have been gaining popularity in recent years. Local special circumstances in the Netherlands also contribute to the growth of the sports cars market.

The country has a well-developed road infrastructure and a culture that appreciates driving. The Netherlands is known for its extensive network of highways and well-maintained roads, which provide an ideal environment for sports car enthusiasts to enjoy their vehicles. Additionally, the Dutch have a passion for motorsports, with events like the Formula 1 Dutch Grand Prix attracting a large following.

This passion for motorsports further fuels the demand for sports cars in the country. Underlying macroeconomic factors, such as a strong economy and high disposable income, also play a significant role in the growth of the sports cars market in the Netherlands. The country has a stable and prosperous economy, with a high GDP per capita.

This affluence allows a significant portion of the population to afford luxury vehicles, including sports cars. Furthermore, low interest rates and easy access to credit make it more feasible for consumers to purchase sports cars. In conclusion, the Sports Cars market in Netherlands is experiencing growth due to customer preferences for high-performance vehicles, the increasing popularity of electric sports cars and luxury sports SUVs, local special circumstances such as a well-developed road infrastructure and a passion for motorsports, and underlying macroeconomic factors such as a strong economy and high disposable income.

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).