Executive Cars - Netherlands

Netherlands

Revenue in the Executive Cars market is projected to reach €225m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -1.81%, resulting in a projected market volume of €205m by 2029.
Executive Cars market unit sales are expected to reach 3,796.0vehicles in 2029.
The volume weighted average price of Executive Cars market in 2024 is expected to amount to €53k.
From an international perspective it is shown that the most revenue will be generated in China (€58,430m in 2024).

Key regions: United States, Worldwide, Germany, United Kingdom, Europe

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Analyst Opinion

The Executive Cars market in Netherlands is experiencing significant growth and development. Customer preferences are shifting towards more luxurious and high-end vehicles, leading to increased demand in this segment. Additionally, there are several trends in the market that are driving this growth. Moreover, the local special circumstances and underlying macroeconomic factors are also contributing to the development of the Executive Cars market in Netherlands.

Customer preferences: Customers in Netherlands are increasingly seeking executive cars that offer a combination of luxury, comfort, and advanced technology. They are looking for vehicles that provide a premium driving experience and are equipped with the latest features and amenities. As a result, there is a growing demand for executive cars from both individual consumers and corporate clients.

Trends in the market: One of the key trends in the Executive Cars market in Netherlands is the rise of electric and hybrid vehicles. With increasing environmental awareness and government incentives, customers are opting for more sustainable and fuel-efficient options. This trend is driving the development of electric and hybrid executive cars, with a wide range of models now available in the market. Another trend in the market is the integration of advanced technology and connectivity features in executive cars. Customers are looking for vehicles that offer seamless integration with their smartphones and other devices, as well as advanced safety and driver-assistance systems. Manufacturers are responding to this demand by incorporating cutting-edge technology into their executive car models.

Local special circumstances: Netherlands has a well-developed infrastructure for electric vehicles, including a widespread network of charging stations. This makes it easier for customers to own and operate electric or hybrid executive cars, further driving the demand in this segment. Additionally, the government has implemented various incentives and subsidies to promote the adoption of electric vehicles, making them more affordable and attractive to customers.

Underlying macroeconomic factors: The strong economy in Netherlands is contributing to the growth of the Executive Cars market. With a high standard of living and a prosperous business environment, there is a growing demand for executive cars from affluent individuals and corporate clients. Moreover, low interest rates and favorable financing options make it easier for customers to purchase executive cars, further boosting the market. In conclusion, the Executive Cars market in Netherlands is experiencing significant growth and development. Customer preferences for luxurious and high-end vehicles, along with the trends of electric and hybrid vehicles and advanced technology integration, are driving this growth. The local special circumstances, such as the well-developed infrastructure for electric vehicles and government incentives, further contribute to the market development. Additionally, the strong economy and favorable financing options are underlying macroeconomic factors that support the growth of the Executive Cars market in Netherlands.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).