The analysis of the European market in 2023 for passenger cars with an unloaded weight of 1,500 kg and over reveals France as the leader, holding a significant share of 21.33%, followed by Poland at 19.92% and Portugal at 10.2%. Countries like Latvia, Estonia, Croatia, Cyprus, Malta, and Liechtenstein hold minor shares. Notable year-on-year growth was observed in Romania, Norway, and Denmark, with double-digit increases in their market share, while France saw modest growth.
Future trends to watch for include:
- Continued growth in Central and Eastern European markets, leveraging increasing demand.
- Sustainability trends prompting shifts in vehicle models, potentially affecting market share distributions.
- Technological advancements and policy changes driving industry transformations and influencing the demand for heavier vehicles.
Top countries in Number of Passenger Cars with Unloaded Weight of 1,500 kg and over Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 21.33 | 2023 | +3.13% | +2.61% | View data |
| 2 | 2 Poland | 19.92 | 2023 | +6.42% | +7.76% | View data |
| 3 | 3 Portugal | 10.2 | 2023 | +2.74% | +3.46% | View data |
| 4 | 4 Switzerland | 9.48 | 2023 | +1.52% | +1.36% | View data |
| 5 | 5 Spain | 9.45 | 2023 | +3.19% | +4.06% | View data |
| 6 | 6 Sweden | 6.36 | 2023 | +2.97% | +2.9% | View data |
| 7 | 7 Romania | 5.27 | 2023 | +9.91% | +13.23% | View data |
| 8 | 8 Norway | 4.48 | 2023 | +11.86% | +13.24% | View data |
| 9 | 9 Austria | 4.09 | 2023 | +4.07% | +4.54% | View data |
| 10 | 10 Finland | 2.95 | 2023 | +4.27% | +5.11% | View data |
