Ownership of passenger cars in Poland has demonstrated a growth trajectory, rising from 509.7 units per thousand persons in 2013 to 703.96 in 2023. Over the last two years specifically, the car ownership saw a notable year-on-year increase of 7.82% in 2022 and a more moderate 2.32% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years up to 2023 stands at 2.67%, indicating steady growth despite some fluctuations.
The value in 2023, standing at 703.96 units per thousand persons, forms the basis for future projections. From 2024 onwards, the forecasts predict a continuing upward trend, reaching 785.35 units per thousand persons by 2028, with a forecasted CAGR of 1.78% for the next five years. This represents a forecasted growth rate of 9.21% over the period.
Future trends to watch for include increased adoption of electric vehicles, government policies impacting car ownership, and economic factors influencing purchasing power and demand for passenger cars. Monitoring these will be essential to accurately predict future ownership trends in Poland.
