The Automotive Parts Market in Poland is being driven by Increasing average age of vehicles
The Automotive Parts Market in Poland is expected to grow at a CAGR of 14.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 24.5 billion. In the Polish automotive parts market, automakers are complying with regulatory requirements and consumer demand by integrating advanced braking systems, such as Anti-lock Braking Systems (ABS) and electronic brake distribution, as standard stock fitments in the majority of their vehicles. The Automatic Emergency Braking System (AEBS), a cutting-edge braking technology, is progressively replacing conventional braking systems due to its advantages, including improved accuracy, efficiency, stopping distance, and safety. The AEBS utilizes onboard sensors, including radar, LiDAR, and cameras, to monitor real-time driving conditions and respond accordingly by informing the driver, applying brakes, or enhancing braking power if necessary.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.5% |
Market growth 2025-2029 |
USD 24.5 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
11.1 |
Key countries |
Poland |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The automotive parts market in Poland is experiencing an increased demand due to the regulatory focus on vehicle emissions and the shift towards environmentally sustainable technologies. Emerging markets, such as electric vehicles, are driving growth in this sector. Companies like BorgWarner, thyssenkrupp, and Continental are major players, supplying various parts including Brake Parts (Units: Million), Electrical Parts (Units: Thousands), Fuel Intake Systems (Units: Thousands), Ignition Parts (Units: Million), A/C Parts (Units: Thousands), Suspension Parts (Units: Million), Exhaust Parts (Units: Thousands), Engine Cooling Parts (Units: Thousands), and Steering Parts (Units: Million). Innovations like 3D printing are also transforming the industry. (Note: Quantitative units are approximate and for illustrative purposes only.)
The automotive parts and equipment market in Poland, a significant player in the European automotive industry, is experiencing notable growth due to several key factors. The regulatory environment, with a focus on vehicle emissions and environmental sustainability, is driving an increased demand for components and equipment that support electric vehicles (EVs), electric drivetrains, and batteries. Additionally, the emergence of emerging markets and the adoption of advanced technologies, such as 3D printing, are creating new opportunities for market expansion. The market encompasses manufacturers of parts and accessories for various vehicle types, including passenger cars, commercial vehicles, heavy-duty vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Technavio projects that the global automotive components and equipment market will be propelled forward by the growing demand for electronic components, particularly in the context of the escalating sales of electric vehicles, motorcycles, and passenger cars. This trend has led to a substantial increase in the demand for electronic control units (ECUs) and other electrical components over the past decade.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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