Global Passenger Cars Market By Type (Compact, Midsize, Premium, Luxury, Others), Body (MPV, SUV, Hatchback, Sedan, Others), By Engine Type (Hybrid And Electric Vehicles, ICE), By Regional, By Competition Forecast & Opportunities, 2018-2028F

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1600 Billion

CAGR (2023-2028)

7.1%

Fastest Growing Segment

Sports Utility Vehicle

Largest Market

Asia Pacific


Market Overview

Global Passenger Car Market has valued at USD 1600 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.1 % through 2028. The Global Passenger Car Market is a vibrant and multifaceted sector that encompasses a wide spectrum of vehicles tailored for personal transportation needs. These vehicles, ranging from compact cars to SUVs and luxury models, reflect diverse consumer preferences, technological innovations, and regional trends. The market's landscape is continually shaped by dynamic factors, including evolving consumer demands, advancements in technology, environmental considerations, and regulatory changes. Notably, the shift toward electric vehicles (EVs) is gaining momentum as governments and consumers seek cleaner transportation options, prompting automakers to invest in innovative battery technology and charging infrastructure. Moreover, autonomous driving capabilities are redefining the driving experience, with vehicles incorporating various levels of driver assistance features and paving the way for potential fully autonomous operation. Connectivity and infotainment systems have transformed vehicles into smart, interconnected hubs, offering navigation, entertainment, and real-time data access. As urbanization rises, compact cars and city-friendly models address the need for efficient mobility in congested areas. Challenges such as meeting stringent emissions regulations, developing robust charging networks, and managing competitive pressures drive automakers to embrace sustainability, innovation, and product differentiation. The passenger car market's regional dynamics reflect varying consumer preferences, North America's inclination toward SUVs, Europe's emphasis on fuel efficiency and emissions standards, and Asia Pacific's manufacturing prowess and growing interest in electric mobility. As the market navigates the intersection of evolving technologies, changing consumer behaviors, and environmental concerns, it shapes urban mobility, environmental sustainability, and the future of personal transportation on a global scale.

Key Market Drivers

Consumer Preferences

Consumer preferences evolve over time, influencing the demand for specific types of passenger cars. In recent years, there has been a notable shift toward SUVs and crossovers due to their versatile design, higher driving position, and ample cargo space. However, traditional sedans and hatchbacks continue to have their own dedicated customer base.

Urbanization and Mobility Needs

As urbanization intensifies, compact cars and city-friendly models gain importance due to their maneuverability, parking convenience, and fuel efficiency. Electric and hybrid passenger cars also address the need for sustainable urban mobility and reduced emissions.

Technological Advancements

The passenger car market is driven by technological innovation. From connectivity features and infotainment systems to advanced driver assistance systems (ADAS) and autonomous driving capabilities, technology plays a pivotal role in shaping consumer preferences and market trends.


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Key Market Challenges

Emission Regulations

Stricter emission standards worldwide have forced automakers to invest in cleaner technologies, impacting vehicle design and powertrain choices. This slows down the growth rate of internal combustion passenger cars vehicles.

Infrastructure Readiness

The success of EVs hinges on a robust charging infrastructure. Governments and industries are working to develop a network of charging stations to support widespread EV adoption. This reduces the growth of electric vehicle penetration in the global scale as many countries are in initial phase of EV infrastructure.

Competitive Landscape

Intense competition among automakers drives the need for continuous innovation, product differentiation, and quality improvements to attract and retain customers.

Key Market Trends

Electric Vehicles (EVs)

EVs have emerged as a significant trend in the passenger car market. The push for reduced emissions, advancements in battery technology, and government incentives have led to a growing range of electric models from various manufacturers. EVs are seen as a long-term solution to combat air pollution and reduce reliance on fossil fuels.

Autonomous Driving

The race toward autonomous driving technology is reshaping the passenger car landscape. While fully autonomous vehicles are still in development, various levels of driver assistance features are becoming standard, enhancing safety, convenience, and driving experiences.

Connectivity and Infotainment

Modern consumers expect connectivity features such as smartphone integration, navigation systems, and real-time data access in their vehicles. Infotainment systems are evolving to provide seamless connectivity, entertainment options, and even over-the-air software updates.

Shared Mobility and Mobility-as-a-Service (MaaS)

The rise of ride-sharing services and mobility platforms is influencing car design and usage. Manufacturers are exploring partnerships with mobility service providers and adapting to changing ownership models.

Segmental Insights

Vehicle Type Segment:

Passenger Cars segment encompasses a wide range of vehicles designed primarily for personal transportation. It includes categories like sedans, hatchbacks, SUVs (sport utility vehicles), and crossovers. Passenger cars cater to diverse consumer preferences, from fuel efficiency to luxury and performance. Furthermore, The commercial vehicle segment covers a spectrum of vehicles used for business and industrial purposes. This includes trucks, vans, buses, delivery vehicles, and heavy-duty trucks. Commercial vehicles are crucial for transporting goods, people, and services, forming the backbone of global economies.

Propulsion Type Insights

The Global Passenger Car Market, segmented by propulsion types, exemplifies the industry's transformation towards cleaner and more sustainable mobility solutions. Electric vehicles (EVs) have emerged as a prominent segment, driven by environmental consciousness and advancements in battery technology. These vehicles operate solely on electric power, minimizing emissions and reducing the automotive industry's carbon footprint. Hybrid electric vehicles (HEVs) integrate both internal combustion engines and electric propulsion, offering improved fuel efficiency and reduced emissions, particularly in urban settings. Natural gas vehicles (NGVs) utilize compressed or liquefied natural gas as an alternative fuel source, contributing to lower emissions compared to traditional internal combustion engines. Fuel cell electric vehicles (FCEVs) employ hydrogen fuel cells to generate electricity, emitting only water vapor as exhaust. While diesel vehicles once provided efficiency benefits, emissions concerns have prompted regulatory scrutiny, although modern diesel engines have improved emissions controls. Petrol vehicles, powered by gasoline, remain a prevalent choice, offering familiarity and convenience. This segmentation underscores the industry's evolution toward sustainability, with EVs, HEVs, NGVs, and FCEVs leading the charge towards reducing environmental impact, while petrol and diesel vehicles undergo refinement to meet stricter emission standards.


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Regional Insights

The global passenger car market is not homogenous; it varies across regions. North America region favors larger vehicles, including Sports Utility Vehicles (SUV) and Multi-Purpose Vehicle (MPV). However, the growing popularity of electric vehicles and advancements in autonomous technology are reshaping the landscape. Europe emphasizes compact cars, fuel efficiency, and stringent emissions regulations. European automakers are actively pursuing electric and hybrid technologies to meet environmental targets. Asia Pacific region is a hub of automotive manufacturing, with a strong presence of Japanese, South Korean, and Chinese automakers. Asian markets are witnessing the rise of EVs and advanced mobility solutions.

Recent Developments

  • Honda to relocating the transmission assembly to the Santa Catarina region of Brazil in July 2022 in order to improve operational flexibility, efficiency, and competitiveness.
  • BMW has also announced that the X1 and 3 series models will be manufactured in Brazil, with a portion of the planned investment of BRL 500 million (104.01 USD million) planned in November 2021 to be used for the preparation of the Araquari plant for the new models.

Key Market Players

·         Ford Motor Company

·         General Motors

·         AUDI AG

·         Kia Motors Corporation

·         Tesla Inc.

·         Daimler AG

·         BMW AG

·         Hyundai Motor Company

·         BYD Company Ltd.

·         Toyota Motor Corporation

·         Volkswagen AG

 By Type

By Body

By Engine Type

By Geography
  • Compact
  • Midsize
  • Premium
  • Luxury
  • Others
  • MPV
  • SUV
  • Hatchback
  • Sedan
  • Others
  • Hybrid and Electric Vehicles
  • ICE
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Passenger Car Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Passenger Cars Market, By Type:

o   Compact

o   Midsize

o   Premium

o   Luxury

o   Others

  • Passenger Cars Market, By Body:

o   MPV

o   SUV

o   Hatchback

o   Sedan

o   Others

  • Passenger Cars Market, By Engine Type:

o   Hybrid And Electric Vehicles

o   ICE

  • Passenger Cars Market, By Geography:

o   North America

o   Europe

o   Asia-Pacific

o   Middle East & Africa

o   South America

  • Passenger Cars Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Russia

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

§  Iran

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Passenger Car Market.

Available Customizations:

Global Passenger Car Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Passenger Car Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Passenger Cars Market

5.    Global Passenger Cars Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Volume & Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Compact, Midsize, Premium, Luxury, Others)

5.2.2.    By Body Market Share Analysis (MPV, SUV, Hatchback, Sedan, Others)

5.2.3.    By Engine Type Market Share Analysis (Hybrid And Electric Vehicles, ICE)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Passenger Cars Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Body Market Mapping & Opportunity Assessment

5.3.3.    By Engine Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Passenger Cars Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Volume & Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Body Market Share Analysis

6.2.3.    By Engine Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Passenger Cars Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Volume & Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Type Market Share Analysis

6.3.1.2.2.           By Body Market Share Analysis

6.3.1.2.3.           By Engine Type Market Share Analysis

6.3.2.    India Passenger Cars Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Volume & Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Type Market Share Analysis

6.3.2.2.2.           By Body Market Share Analysis

6.3.2.2.3.           By Engine Type Market Share Analysis

6.3.3.    Japan Passenger Cars Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Volume & Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Type Market Share Analysis

6.3.3.2.2.           By Body Market Share Analysis

6.3.3.2.3.           By Engine Type Market Share Analysis

6.3.4.    Indonesia Passenger Cars Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Volume & Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Type Market Share Analysis

6.3.4.2.2.           By Body Market Share Analysis

6.3.4.2.3.           By Engine Type Market Share Analysis

6.3.5.    Thailand Passenger Cars Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Volume & Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Type Market Share Analysis

6.3.5.2.2.           By Body Market Share Analysis

6.3.5.2.3.           By Engine Type Market Share Analysis

6.3.6.    South Korea Passenger Cars Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Volume & Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Type Market Share Analysis

6.3.6.2.2.           By Body Market Share Analysis

6.3.6.2.3.           By Engine Type Market Share Analysis

6.3.7.    Australia Passenger Cars Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Volume & Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Type Market Share Analysis

6.3.7.2.2.           By Body Market Share Analysis

6.3.7.2.3.           By Engine Type Market Share Analysis

7.    Europe & CIS Passenger Cars Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Volume & Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Body Market Share Analysis

7.2.3.    By Engine Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Passenger Cars Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Volume & Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type Market Share Analysis

7.3.1.2.2.           By Body Market Share Analysis

7.3.1.2.3.           By Engine Type Market Share Analysis

7.3.2.    Spain Passenger Cars Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Volume & Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type Market Share Analysis

7.3.2.2.2.           By Body Market Share Analysis

7.3.2.2.3.           By Engine Type Market Share Analysis

7.3.3.    France Passenger Cars Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Volume & Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type Market Share Analysis

7.3.3.2.2.           By Body Market Share Analysis

7.3.3.2.3.           By Engine Type Market Share Analysis

7.3.4.    Russia Passenger Cars Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Volume & Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type Market Share Analysis

7.3.4.2.2.           By Body Market Share Analysis

7.3.4.2.3.           By Engine Type Market Share Analysis

7.3.5.    Italy Passenger Cars Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Volume & Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type Market Share Analysis

7.3.5.2.2.           By Body Market Share Analysis

7.3.5.2.3.           By Engine Type Market Share Analysis

7.3.6.    United Kingdom Passenger Cars Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Volume & Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Type Market Share Analysis

7.3.6.2.2.           By Body Market Share Analysis

7.3.6.2.3.           By Engine Type Market Share Analysis

7.3.7.    Belgium Passenger Cars Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Volume & Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Type Market Share Analysis

7.3.7.2.2.           By Body Market Share Analysis

7.3.7.2.3.           By Engine Type Market Share Analysis

8.    North America Passenger Cars Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Volume & Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Body Market Share Analysis

8.2.3.    By Engine Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Canada Market Share Analysis

8.2.4.3.        Mexico Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Passenger Cars Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Volume & Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type Market Share Analysis

8.3.1.2.2.           By Body Market Share Analysis

8.3.1.2.3.           By Engine Type Market Share Analysis

8.3.2.    Canada Passenger Cars Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Volume & Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type Market Share Analysis

8.3.2.2.2.           By Body Market Share Analysis

8.3.2.2.3.           By Engine Type Market Share Analysis

8.3.3.    Mexico Passenger Cars Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Volume & Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type Market Share Analysis

8.3.3.2.2.           By Body Market Share Analysis

8.3.3.2.3.           By Engine Type Market Share Analysis

9.    South America Passenger Cars Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Volume & Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Body Market Share Analysis

9.2.3.    By Engine Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Colombia Market Share Analysis

9.2.4.3.        Argentina Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Passenger Cars Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Volume & Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type Market Share Analysis

9.3.1.2.2.           By Body Market Share Analysis

9.3.1.2.3.           By Engine Type Market Share Analysis

9.3.2.    Colombia Passenger Cars Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Volume & Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type Market Share Analysis

9.3.2.2.2.           By Body Market Share Analysis

9.3.2.2.3.           By Engine Type Market Share Analysis

9.3.3.    Argentina Passenger Cars Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Volume & Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type Market Share Analysis

9.3.3.2.2.           By Body Market Share Analysis

9.3.3.2.3.           By Engine Type Market Share Analysis

10. Middle East & Africa Passenger Cars Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Volume & Value

10.2.            Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Body Market Share Analysis

10.2.3. By Engine Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market share Analysis

10.3.            Middle East & Africa: Country Analysis

10.3.1. Turkey Passenger Cars Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Volume & Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type Market Share Analysis

10.3.1.2.2.         By Body Market Share Analysis

10.3.1.2.3.         By Engine Type Market Share Analysis

10.3.2. Iran Passenger Cars Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Volume & Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type Market Share Analysis

10.3.2.2.2.         By Body Market Share Analysis

10.3.2.2.3.         By Engine Type Market Share Analysis

10.3.3. Saudi Arabia Passenger Cars Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Volume & Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type Market Share Analysis

10.3.3.2.2.         By Body Market Share Analysis

10.3.3.2.3.         By Engine Type Market Share Analysis

10.3.4. UAE Passenger Cars Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Volume & Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type Market Share Analysis

10.3.4.2.2.         By Body Market Share Analysis

10.3.4.2.3.         By Engine Type Market Share Analysis

11. SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12. Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. BMW AG

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Ford Motor Company

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Honda Motor Co. Ltd.

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Hyundai Motor Company  

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Kia Corporation

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Mercedes Group

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Volvo Group

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Nissan Motor Company Ltd.

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Toyota Motor Corporation

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.              Volkswagen AG

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15. Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions & Countries

15.1.2. Target Type

15.1.3. Target Engine Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Passenger Car Market was estimated to be USD 1,600 billion in 2022.

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The Sports Utility Vehicles segment dominates the Global Passenger Car Market, accounting for the majority of share due to its applications and popularity among consumers. It is expected to grow even further in the coming years.

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On a regional basis, the Asia-Pacific region dominates the Global Passenger Car Market, driven by huge vehicle production and development of technology in developing countries in Asia Pacific Region.

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The major drivers for the Global Passenger Car Market include Consumer Preferences, Urbanization and Mobility Needs, Technological Advancements etc.

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Srishti Verma

Business Consultant
Press Release

Global Passenger Car Market to be Led by Passenger cars through 2028

Oct, 2023

The major drivers for the Global Passenger Car Market include Consumer Demand for personal vehicle and wide range of passenger electric vehicles are expected to drive the market in forecast period.

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