The forecasted data for 2023 indicates that Germany leads with 32.844 million petrol passenger cars, followed by the United Kingdom (19.84M), Italy (18.971M), and France (17.763M). Notable year-on-year variations include Belgium (6.35%), Lithuania (5.22%), Ireland (9.19%), and Luxembourg (7.11%). Declines were noted in Norway (-0.57%), Croatia (-1.55%), Slovenia (-0.84%), and Latvia (-4.08%). The Compound Annual Growth Rate (CAGR) provides insights into medium-term trends for better strategic planning. Future trends to watch for include shifts toward electric vehicles, potential regulatory changes, and market saturation in key regions.
In the analysis, Germany remains the dominant market for petrol passenger cars in Europe. Observing the positive year-on-year growth rates in mid-size countries such as Belgium and Ireland highlights emerging markets. However, attention should be directed toward the increasing adoption of electric vehicles as it might impact long-term trends. Policy changes and environmental regulations are key trends to monitor, which will likely influence future market dynamics and the transition to sustainable mobility solutions.Top countries in Number of Petrol Passenger Cars of Any Engine Size by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32,844,000 | 2023 | +0.8% | +0.94% | View data |
| 2 | 2 United Kingdom | 19,840,000 | 2021 | +1.17% | View data | |
| 3 | 3 Italy | 18,971,000 | 2023 | +0.63% | +0.7% | View data |
| 4 | 4 France | 17,763,000 | 2023 | +3.46% | +3.86% | View data |
| 5 | 5 Poland | 13,956,000 | 2023 | +1.7% | +2.37% | View data |
| 6 | 6 Spain | 11,882,000 | 2023 | +2.18% | +2.51% | View data |
| 7 | 7 Netherlands | 7,785,400 | 2023 | +1.85% | +2.19% | View data |
| 8 | 8 Romania | 3,844,000 | 2023 | +0.85% | +1.61% | View data |
| 9 | 9 Czech Republic | 3,582,600 | 2023 | +0.83% | +1.11% | View data |
| 10 | 10 Belgium | 3,537,900 | 2023 | +5.46% | +6.35% | View data |
