| Product Code: ETC6542361 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Bulgaria`s automobile import Market Top 5 Importing Countries and Market Competition (HHI) Analysis saw a significant increase in concentration, with top exporting countries being Morocco, Turkey, Czechia, Hungary, and the UK. The Market Top 5 Importing Countries and Market Competition (HHI) Analysis experienced a strong compound annual growth rate of 15.41% from 2020 to 2024, with a notable growth rate of 11.25% from 2023 to 2024. This data suggests a growing demand for automobile imports in Bulgaria, with key players consolidating their presence in the Market Top 5 Importing Countries and Market Competition (HHI) Analysis . Stakeholders should closely monitor these trends to capitalize on emerging opportunities and navigate potential challenges in the sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bulgaria Automobile Market Overview |
3.1 Bulgaria Country Macro Economic Indicators |
3.2 Bulgaria Automobile Market Revenues & Volume, 2021 & 2031F |
3.3 Bulgaria Automobile Market - Industry Life Cycle |
3.4 Bulgaria Automobile Market - Porter's Five Forces |
3.5 Bulgaria Automobile Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Bulgaria Automobile Market Revenues & Volume Share, By Propulsion, 2021 & 2031F |
3.7 Bulgaria Automobile Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Bulgaria Automobile Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing disposable income levels in Bulgaria leading to increased purchasing power for automobiles |
4.2.2 Expansion of the tourism industry in Bulgaria, leading to higher demand for rental cars |
4.2.3 Infrastructure development and road network improvements in Bulgaria driving the need for personal vehicles |
4.3 Market Restraints |
4.3.1 Economic instability in Bulgaria impacting consumer confidence and purchasing decisions |
4.3.2 Stringent government regulations on vehicle emissions and safety standards increasing manufacturing costs for automobile companies |
4.3.3 Competition from public transportation options and ride-sharing services affecting the demand for personal vehicles |
5 Bulgaria Automobile Market Trends |
6 Bulgaria Automobile Market, By Types |
6.1 Bulgaria Automobile Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Bulgaria Automobile Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Bulgaria Automobile Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 Bulgaria Automobile Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.1.5 Bulgaria Automobile Market Revenues & Volume, By Two-wheelers, 2021- 2031F |
6.1.6 Bulgaria Automobile Market Revenues & Volume, By Three-wheelers, 2021- 2031F |
6.2 Bulgaria Automobile Market, By Propulsion |
6.2.1 Overview and Analysis |
6.2.2 Bulgaria Automobile Market Revenues & Volume, By Internal Combustion Engine, 2021- 2031F |
6.2.3 Bulgaria Automobile Market Revenues & Volume, By Electric Vehicles, 2021- 2031F |
6.3 Bulgaria Automobile Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Bulgaria Automobile Market Revenues & Volume, By New Vehicles, 2021- 2031F |
6.3.3 Bulgaria Automobile Market Revenues & Volume, By Used Vehicles, 2021- 2031F |
7 Bulgaria Automobile Market Import-Export Trade Statistics |
7.1 Bulgaria Automobile Market Export to Major Countries |
7.2 Bulgaria Automobile Market Imports from Major Countries |
8 Bulgaria Automobile Market Key Performance Indicators |
8.1 Average age of vehicles on the road in Bulgaria |
8.2 Number of new car registrations in Bulgaria |
8.3 Average annual mileage per vehicle in Bulgaria |
8.4 Percentage of hybrid or electric vehicles in the market |
8.5 Average price of vehicles sold in Bulgaria |
9 Bulgaria Automobile Market - Opportunity Assessment |
9.1 Bulgaria Automobile Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Bulgaria Automobile Market Opportunity Assessment, By Propulsion, 2021 & 2031F |
9.3 Bulgaria Automobile Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Bulgaria Automobile Market - Competitive Landscape |
10.1 Bulgaria Automobile Market Revenue Share, By Companies, 2024 |
10.2 Bulgaria Automobile Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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