Automotive parts market size in Poland to grow by USD 10.96 billion between 2022 and 2027; Growth driven by increasing average age of vehicles

NEW YORK, April 25, 2023 /PRNewswire/ — The size of the automotive parts market in Poland is forecasted to grow by USD 10.96 billion from 2022 to 2027, at a CAGR of 8.76%, according to a recent market study by Technavio. The growth of the market will be driven by the increasing average age of vehicles, the advantages and benefits of OE parts and replacement parts, and growing passion for vehicle customization and the increasing number of vendors. Charts & data tables about market and segment sizes for a historic period (2017-2021) and forecast period (2023-2027) have been covered in this report. Download the Sample Report

Technavio has announced its latest market research report titled Poland Automotive Parts Market

Technavio has announced its latest market research report titled Poland Automotive Parts Market

Vendor Analysis

The automotive parts market in Poland is fragmented, with the presence of several well-established players. Vendors are making significant investments in R&D to offer better products to their customers and expand their customer base. In addition, they are opting for mergers, acquisitions, and strategic partnerships to strengthen their position. Some of the key vendors covered in the report include:

  • Anwa Tech Sp. z o. o

  • Apollo Tyres Ltd.

  • BorgWarner Inc.

  • Dayco IP Holdings LLC

  • ESTRA Automotive Systems Co. Ltd.

  • Faurecia

  • Hutchinson SA

  • LAMAR Sp. z o. o.

  • Moderntech Sp. z o.o.

  • Muhr und Bender KG

  • Nexteer Automotive Group Ltd.

  • PGM Automotive sp. z o.o

  • Pro Cars Group sp. z o.o.

  • SOME Group

  • TEDGUM

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Key Benefits for Industry Players & Stakeholders – 

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.

  • It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.

  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Market Segmentation:

The market is segmented by vehicle type (passenger cars and commercial vehicles) and distribution channel (offline and online).

  • The market growth in the passenger cars segment will be significant over the forecast period. Poland is home to some of the well-established automakers operating in the passenger vehicles segment. The country is witnessing improvements in passenger vehicles, both in terms of design and development. This is leading to the development of more reliable and durable automobiles that have a longer lifespan. In addition, rising investments in the R&D of vehicles and the increasing volume of sales of plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) in the country are driving the growth of the segment.

Market Dynamics:

Key DRIVERS:

  • Increasing average age of vehicles

  • Advantages and benefits of OE parts and replacement parts

  • Growing passion for vehicle customization and the increasing number of vendors

The average lifespan of vehicles in European countries, including Poland, is increasing. Consumers in the country prefer to use the same vehicle for a longer duration. In addition, the use of high-quality parts and components increases the service life of vehicles. This discourages people from purchasing new vehicles. The rising average age of vehicles is increasing the need for vehicle maintenance and replacement of parts, which is driving the growth of the automotive parts market in Poland.

Major Trends:

  • Technological advances in automotive smart seats

  • Enhancing operating efficiency with Industry 4.0

  • Maturing autonomous vehicles concept

The growing focus on safety has increased the adoption of safety technologies, including automatic emergency braking systems and antilock braking systems. These technologies utilize various types of onboard sensors such as radar, LiDAR, and cameras to monitor real-time driving conditions. They inform the driver, apply brakes, or boost the braking power in case the driver fails to do so. This is increasing the integration of smart seats to provide safety to passengers during emergency braking. These seats allow the vehicle to safeguard against accidents caused by drowsiness by applying emergency brakes. They also provide a dynamic type of lateral support when the vehicle makes quick cornering maneuvers. Such innovations are expected to have a positive impact on the growth of the market during the forecast period.

Key Challenges:

  • Uncertain demand and high SKUs for automotive parts

  • Online retailers challenging traditional aftermarket retailers in Poland

  • Increasing adoption of EVs in Poland

The unpredictability and uncertainties in the supply and demand of automobile parts create problems regarding capacity management. This affects the sales and finances of OEMs. In addition, the automotive parts stock-keeping units (SKUs) portfolios are expanding with the increasing demand for international market-specific variants and the proliferation of different types of vehicles. This is creating significant inventory issues, which is challenging the growth of the market.

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What are the key data covered in this automotive parts market in Poland report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the automotive parts market in Poland between 2023 and 2027

  • Precise estimation of the size of the automotive parts market in Poland and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the automotive parts market across Poland

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of automotive parts market vendors in Poland

Related Reports:

The automotive aftermarket market is estimated to grow at a CAGR of 6.26% between 2022 and 2027. The size of the market is forecasted to increase by USD 164.58 billion. The market is segmented by vehicle type (passenger cars and commercial vehicles), distribution channel (retailer, wholesale, and distribution), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

The automotive parts aftermarket market in US is estimated to grow by USD 30.83 billion between 2022 and 2027 accelerating at a CAGR of 7.69%. The market is segmented by type (passenger vehicles and commercial vehicles) and distribution channel (offline and online).

Automotive Parts Market in Poland: Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.76%

Market growth 2023-2027

USD 10.96 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.85

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Anwa Tech Sp. z o. o, Apollo Tyres Ltd., BorgWarner Inc., Dayco IP Holdings LLC, ESTRA Automotive Systems Co. Ltd., Faurecia, Hutchinson SA, Knauf Industries Polska Sp. Z OO, LAMAR Sp. z o. o., Moderntech Sp. z o.o., Muhr und Bender KG, Nexteer Automotive Group Ltd., PGM Automotive sp. z o.o, Pro Cars Group sp. z o.o., SOME Group, TEDGUM, TOMEX Brakes sp. z o.o. sp.k., TURBOJULITA SP Z O O, Union Parts Sp. z o.o, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

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.

Browse through Technavio’s Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Vehicle Type

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Poland Automotive Parts Market

Poland Automotive Parts Market

Cision

Cision

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