Topic Discussed : Strategic Evaluation of Opportunities in the Polish Automotive Market, 2017–2022
Speakers : Volodymyr Sklonchak
Key Takeaways :
1) The automotive market plays an important role in the Polish economy. It accounts for 5.2% of the foreign direct investment (FDI) and 16.7% of the country’s exports. The value of sold production of the automotive market was $36.8 billion in 2017, from which $20.1 billion was the value of sold production of automotive parts.
2) In total, 9 original equipment manufacturers (OEMs) have passenger vehicles (PVs), light commercial vehicles (LCVs), and bus manufacturing facilities in Poland, and only 3 of them are companies with local capital. There are approximately 250 Tier-I suppliers and 800 Tier-II and Tier-III supplier companies.
3) New PV sales reached 485,200 units in 2017, which has proved to be the fifth consecutive year of growth. Used vehicle imports amounted to 869,400 units in 2017. New PV registrations are expected to continue increasing at a compound annual growth rate (CAGR) of 9.2% during 2017–2022.
4) In the Polish automotive aftermarket, approximately 85% of the sales is realized through warehouse distributors that supply parts to independent workshops, retailers, or directly to the customers. Original equipment service (OES) channel accounts for only 10% of the sales, and struggles to obtain higher market share.
5) The most influential trend that affects the Polish automotive market is electromobility. As European countries continue to push regulations against emissions caused by internal combustion engines, the Polish government has developed the Electromobility Plan, which aims for 1 million electric vehicles (EVs) on Polish roads by 2025
Related Keywords: Frost & Sullivan, Automotive, Poland, aftermarket, distribution of parts, aftermarket parts, vehicle production, manufacturing, OEM, suppliers, macroeconomics, market size, market structure, forecast, Polish, CEE, vehicles, LCV, electromobility, trend, trends
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