Automotive Parts Market in Poland to Record USD 8.51 Bn Growth | 7.58% CAGR Projection Through 2026 | 17,000+ Technavio Reports | State
NEW YORK, Dec. 23, 2021 /PRNewswire/ — The automotive parts market in Poland is set to grow by USD 8.51 billion between 2021 and 2026, accelerating at a CAGR of 7.58% during the forecast period. The market is segmented by distribution channel (offline and online) and vehicle type (passenger cars and commercial vehicles). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
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Key takeaways from automotive parts market study in Poland
- Automotive parts market size in Poland to increase by USD 8.51 billion at 7.58% CAGR between 2021 and 2026
- 7.21% year-over-year growth expected in 2022
- Offline distribution channel segment to account for maximum sales of automotive parts during the forecast period
- Dominant vendors include BorgWarner Inc., Faurecia SE, Hutchinson SA, Knauf Industries Polska Sp. Z OO, PGM Automotive sp. z o.o, SOME group, TOMEX Brakes sp. z o.o. sp.k., TURBOJULITA SP Z O O, Union Parts Sp. z o.o, and ZF Friedrichshafen AG
Automotive Parts Market in Poland: Growth Drivers and Restraints
The automotive parts market in Poland is driven by the increasing average age of vehicles. Most people own the same vehicle for a longer duration. Hence, automotive manufacturers globally are focusing on enhancing the average service life of their vehicles by using high-quality parts. In addition, the increasing cost of vehicles is discouraging consumers from purchasing new vehicles. All these factors are increasing the average age of vehicles, which is increasing the need for regular maintenance of vehicles and the replacement of various automotive parts such as tires, lubricating oil, and other automotive components. Thus, the increasing average life of vehicles is expected to support the growth of the market during the forecast period.
“Although the advantages and benefits of OE parts and replacement parts and growing passion for vehicle customization and increasing number of vendors will further boost the market growth, uncertain demand and high SKUs for automotive parts and the increasing adoption of EVs in Poland might reduce the growth opportunities for market players”, says an analyst at Technavio.
The automotive parts market report answers questions such as:
- Is the market structure fragmented or concentrated?
- What was the market size in 2021 and the forecast of the automotive parts market through 2026?
- Which are the best segment areas to invest in over the forecast period?
- What is the market share of dominant and strong vendors in the automotive parts market?
- What are the latest trends and regulatory frameworks in the automotive parts market?
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Automotive Parts Market In Poland Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.58% |
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Market growth 2022-2026 |
USD 8.51 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.21 |
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Regional analysis |
Poland |
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Performing market contribution |
Poland at 100% |
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Key consumer countries |
Poland |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
BorgWarner Inc., Faurecia SE, Hutchinson SA, Knauf Industries Polska Sp. Z OO, PGM Automotive sp. z o.o, SOME group, TOMEX Brakes sp. z o.o. sp.k., TURBOJULITA SP Z O O, Union Parts Sp. z o.o, and ZF Friedrichshafen AG |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing… View our automotive parts market snapshot to unlock TOC
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SOURCE Technavio
