Market Size of Poland Used Car Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 24.95 Billion |
Market Size (2029) | USD 32.10 Billion |
CAGR (2024 - 2029) | 6.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Poland Used Car Market Analysis
The Poland Used Car Market size is estimated at USD 24.95 billion in 2024, and is expected to reach USD 32.10 billion by 2029, growing at a CAGR of 6.5% during the forecast period (2024-2029).
The rise in disposable income, growing demand for luxury cars, shorter car ownership periods, and booming import of used cars across the country are driving the growth of the used car market in Poland. The country is witnessing a decline in new vehicle sales, leading to major growth in the used car market.
According to the European Automobile Manufacturers Association (ACEA), new car sales in the European Union dropped by 5.2% in March. The majority of the used cars in Poland are imported from Germany.
The Polish government has also implemented policies to support the used car market. In January 2023, the government introduced a new program called "Automotive Discount" (Dopłata Samochodowa), which aims to encourage the replacement of older vehicles with newer, more environmentally friendly models. Under this program, individuals can receive a discount of up to PLN 18,750 (approximately USD 4,300) when purchasing a new or used car with lower emissions.
Moreover, the Polish market has witnessed a significant increase in the popularity of electric and hybrid vehicles. While still a relatively small segment, the demand for these environmentally friendly used cars has been growing steadily. According to data from the Polish Electric Vehicle Promotion Foundation (FPPE), the sales of used electric and hybrid vehicles in Poland increased by around 32% in 2022 compared to 2021.
However, the market has been facing negative used-car trends in the past. This poses a threat to the overall market development. Despite this, with the increasing number of individuals inclined toward individual mobility and favorable customized financing options, the Polish used car market is expected to grow significantly during the forecast period.
Poland Used Car Industry Segmentation
A used car is a pre-owned vehicle that has previously had one or more retail owners. These cars are sold through various outlets, independent dealers, online sales channels, and others.
Poland's used car market is segmented by car type, propulsion type, booking type, and vendor type. Based on the car type, the market is segmented into hatchback, sedan, and SUV. Based on propulsion, the market is segmented into internal combustion engines and electric. Based on booking type, the market is segmented into online and offline. Based on the vendor type, the market is segmented into organized and unorganized. For each segment, the market sizing and forecasts have been done on the basis of value (USD).
By Car Type | |
Hatchback | |
Sedan | |
SUV |
By Propulsion Type | |
Internal Combustion Engine | |
Electric |
By Booking Type | |
Online | |
Offline |
By Vendor Type | |
Organized | |
Unorganized |
Poland Used Car Market Size Summary
The Poland used car market is experiencing significant growth, driven by a shift in consumer preferences towards personal mobility and the increasing cost of new vehicles. The market has rebounded from the disruptions caused by the COVID-19 pandemic, which had initially led to a decline in demand due to manufacturing shutdowns and supply chain issues. As restrictions eased, the demand for used cars surged, with a notable increase in imports from Germany. The rise in disposable income, growing interest in luxury vehicles, and shorter car ownership periods are contributing to the market's expansion. The decline in new vehicle sales further underscores the growing preference for used cars, as consumers seek more affordable alternatives.
The market is becoming increasingly organized and attractive, thanks to the adoption of online platforms for buying and selling used cars. These platforms offer a range of services, including detailed vehicle listings, instant financing options, and hassle-free payment systems, making the process more convenient for consumers. The trend towards digital retailing and the introduction of new business models have further accelerated the market's growth. Major players in the industry are leveraging these trends by expanding their online presence and enhancing their service offerings. The market is moderately consolidated, with key players like TrueCar, ALD Automotive, and AAA Auto adopting strategies such as acquisitions and partnerships to strengthen their market position. As the market continues to evolve, it is poised for transformational growth, driven by technological advancements and changing consumer behaviors.
Poland Used Car Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Booming Import of Used Cars Across Poland
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1.2 Market Restraints
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1.2.1 Abiding by the New Emission Norms Will be a Key Challenge
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Car Type
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2.1.1 Hatchback
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2.1.2 Sedan
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2.1.3 SUV
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2.2 By Propulsion Type
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2.2.1 Internal Combustion Engine
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2.2.2 Electric
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2.3 By Booking Type
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2.3.1 Online
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2.3.2 Offline
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2.4 By Vendor Type
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2.4.1 Organized
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2.4.2 Unorganized
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Poland Used Car Market Size FAQs
How big is the Poland Used Car Market?
The Poland Used Car Market size is expected to reach USD 24.95 billion in 2024 and grow at a CAGR of 6.5% to reach USD 32.10 billion by 2029.
What is the current Poland Used Car Market size?
In 2024, the Poland Used Car Market size is expected to reach USD 24.95 billion.