Executive Cars - France

France

Revenue in the Executive Cars market is projected to reach €488m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.14%, resulting in a projected market volume of €492m by 2029.
Executive Cars market unit sales are expected to reach 9,814.0vehicles in 2029.
The volume weighted average price of Executive Cars market in 2024 is expected to amount to €51k.
From an international perspective it is shown that the most revenue will be generated in China (€57,830m in 2024).

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

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Analyst Opinion

The Executive Cars market in France has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for luxury and high-performance vehicles among consumers in France. Customers in this market segment are looking for cars that not only provide comfort and style but also offer advanced technology and innovative features. They are willing to invest in executive cars that offer a superior driving experience and reflect their social status.

Trends in the market: Another trend in the Executive Cars market in France is the growing popularity of electric and hybrid vehicles. As environmental concerns become more prominent, consumers are increasingly interested in eco-friendly options. This has led to a rise in the demand for executive cars with electric or hybrid engines, as they offer lower emissions and better fuel efficiency. The market has responded to this trend by introducing a wider range of electric and hybrid models, giving consumers more options to choose from.

Local special circumstances: France has a strong automotive industry, with several major manufacturers based in the country. This has led to a competitive market, with a wide range of executive car models available to consumers. French manufacturers are known for their emphasis on design and innovation, which has contributed to the popularity of executive cars in the country. Additionally, the French government has implemented various incentives and subsidies to promote the adoption of electric and hybrid vehicles, further driving the growth of this segment in the market.

Underlying macroeconomic factors: The overall economic stability and increasing disposable income of consumers in France have also played a role in the growth of the Executive Cars market. As the economy improves, consumers have more purchasing power and are willing to spend on luxury items such as executive cars. Furthermore, low interest rates and favorable financing options have made it easier for consumers to afford these vehicles. In conclusion, the Executive Cars market in France is experiencing growth due to the increasing demand for luxury and high-performance vehicles, the growing popularity of electric and hybrid models, the strong automotive industry in the country, and the overall economic stability. With customer preferences shifting towards more environmentally friendly options and the availability of a wide range of executive car models, this market is expected to continue its growth trajectory in the coming years.

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).