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Passenger Car Global Market Report 2024

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    Report

  • 300 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5781193
The passenger car market size has grown strongly in recent years. It will grow from $1634.12 billion in 2023 to $1768.1 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The expansion observed in the historical period can be ascribed to factors such as urbanization, economic growth, consumer preferences, fuel efficiency, adherence to safety standards, compliance with emission regulations, and the availability of affordable financing options.

The passenger car market size is expected to see strong growth in the next few years. It will grow to $2378.21 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be linked to the adoption of electric vehicles, the integration of connectivity features, the emphasis on sustainability and eco-friendly cars, the availability of flexible ownership models, government incentives, and the introduction of hydrogen fuel cell vehicles. Key trends expected in the forecast period involve the personalization of vehicle interiors, the utilization of lightweight materials for enhanced fuel efficiency, the incorporation of augmented reality (AR) in head-up displays, the development of compact and urban mobility solutions, and the introduction of vehicle subscription services.

The anticipated growth in the passenger cars market is expected to receive a significant boost due to the increasing adoption of electric vehicles (EVs). An electric vehicle is defined as a vehicle propelled by an electric motor powered by a rechargeable battery. The surge in demand for passenger cars driven by EVs is influenced by several factors, including rising affordability, governmental policies, environmental concerns, and technological advancements. For instance, a report published by the US Department of Energy in March 2022 revealed an 85% increase in EV sales in 2021. The total sales of new light-duty plug-in electric vehicles, encompassing both EVs and plug-in hybrid electric vehicles (PHEVs), nearly doubled from 308,000 in 2020 to 608,000 in 2021. Notably, EV sales accounted for 73% of all plug-in electric car sales in 2021. Consequently, the growing adoption of electric vehicles serves as a driving force for the expansion of the passenger cars market.

The landscape of additive manufacturing is undergoing continuous evolution, and automobile manufacturers are actively incorporating 3D printing technology to streamline production time and reduce costs. 3D printing involves creating a three-dimensional physical object based on a digital design. This technology is employed in building prototypes of cars, creating concept models, verifying designs, and producing functional parts for test vehicles and engines. Additionally, automobile manufacturers utilize 3D printing for the construction of various tools, jigs, and fixtures essential for assembly and manufacturing processes. The application of 3D printing facilitates rapid prototyping, enhances efficiency on the assembly line, reduces turnaround time, allows greater flexibility in design, and minimizes material wastage.

Leading companies in the passenger car market are introducing new products such as the A-class SUV to cater to broader customer bases, boost sales, and increase revenue. An A-class SUV is characterized by a passenger capacity of 5 and a cargo capacity of 50.5 cu ft. For example, in February 2022, BYD Auto Co. Ltd., a China-based automobile manufacturer, unveiled the Atto 3, the inaugural A-class SUV built on BYD's e-platform 3.0. The ATTO 3 possesses a distinctive feature that emphasizes speed, energy, and dynamism, inspired by the Attosecond, the smallest unit of time in physics. Distinguishing itself as the first SUV with a sporty-themed cabin, the ATTO 3 reflects BYD's new design language. Featuring BYD's innovative Blade Battery technology as a standard component, the ATTO 3 ensures market-leading safety standards and an extended single-charge range for users.

Major companies operating in the passenger car market report are Volkswagen AG, Toyota Motor Corporation, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Company, BMW AG, Honda Motor Co Ltd., Hyundai Motor Co. Ltd., SAIC Motor Co ltd., Groupe PSA, Tesla Inc., Nissan Motor Co Ltd., Kia Motors Corporation, BYD Company Limited, Renault SA, EXOR Group, Jeep, Tata Motors Limited, Suzuki Motor Corporation, Subaru Corporation, Mazda Motor Corporation, FCA Italy S.p.A., Geely Automobile Holdings Limited, Great Wall Motor Company Limited, Mitsubishi Motors Corporation, Guangzhou Automobile Group Co. Ltd., Changan Automobile Co. Ltd., Dongfeng Motor Corporation, Maserati S.p.A., Brilliance China Automotive Holdings Limited.

Asia-Pacific was the largest region in the passenger car market in 2023. Western Europe was the second-largest region in the passenger car market. The regions covered in the passenger car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the passenger car market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

The passenger car market consists of sales of pickup trucks, compact cars, and minivans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. . The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The primary categories within the passenger car market comprise hatchbacks, sedans, and utility vehicles. A hatchback is a car configured with a rear door that swings open to provide access to a cargo area. Various fuel types used in passenger cars include gasoline, diesel, and others. Engine capacities are categorized as 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc. Propulsion types encompass internal combustion (IC) engines and electric vehicles.

The passenger car market research report is one of a series of new reports that provides passenger car market statistics, including passenger car industry global market size, regional shares, competitors with a passenger car market share, detailed passenger car market segments, market trends and opportunities, and any further data you may need to thrive in the passenger car industry. This passenger car market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Passenger Car Market Characteristics
3. Passenger Car Product/Service Analysis -Product/Service Examples
3.1. Passenger Car Supply Chain Analysis
3.1.1. Passenger Car Resources
3.1.2. Passenger Car Manufacturers
3.1.3. Passenger Car Distributors and Retailers
3.1.4. Passenger Car End Users
3.2. Passenger Car Customer Information
4. Passenger Car Market Trends and Strategies
5. Passenger Car Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Passenger Car Market Size and Growth
6.1. Global Passenger Car Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Passenger Car Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Passenger Car Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Passenger Car Market Segmentation
7.1. Global Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Hatchback
  • Sedan
  • Utility Vehicle
7.2. Global Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Gasoline
  • Diesel
  • Other Fuel Types
7.3. Global Passenger Car Market, Segmentation by Engine Capacity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
< 1000 cc
< 1000-1500 cc
< 1500-2000 cc
>2000 cc
7.4. Global Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • IC Engine
  • Electric Vehicle
8. Passenger Car Market Regional and Country Analysis
8.1. Global Passenger Car Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Passenger Car Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Passenger Car Market
9.1. Asia-Pacific Passenger Car Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Passenger Car Market
10.1. China Passenger Car Market Overview
10.2. China Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Passenger Car Market
11.1. India Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Passenger Car Market
12.1. Japan Passenger Car Market Overview
12.2. Japan Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Passenger Car Market
13.1. Australia Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Passenger Car Market
14.1. Indonesia Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Passenger Car Market
15.1. South Korea Passenger Car Market Overview
15.2. South Korea Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Passenger Car Market
16.1. Bangladesh, Passenger Car Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Passenger Car Market
17.1. Thailand, Passenger Car Historic Market, 2018-2023, $ Billion
17.2. Thailand, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Passenger Car Market
18.1. Vietnam, Passenger Car Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Passenger Car Market
19.1. Malaysia, Passenger Car Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Passenger Car Market
20.1. Singapore, Passenger Car Historic Market, 2018-2023, $ Billion
20.2. Singapore, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Passenger Car Market
21.1. Philippines, Passenger Car Historic Market, 2018-2023, $ Billion
21.2. Philippines, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong Kong Passenger Car Market
22.1. Hong Kong, Passenger Car Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Passenger Car Market
23.1. New Zealand, Passenger Car Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Passenger Car Market
24.1. Western Europe Passenger Car Market Overview
24.2. Western Europe Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Passenger Car Market
25.1. UK Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Passenger Car Market
26.1. Germany Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Passenger Car Market
27.1. France Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Passenger Car Market
28.1. Italy Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Passenger Car Market
29.1. Spain Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Passenger Car Market
30.1. Austria, Passenger Car Historic Market, 2018-2023, $ Billion
30.2. Austria, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Passenger Car Market
31.1. Belgium, Passenger Car Historic Market, 2018-2023, $ Billion
31.2. Belgium, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Passenger Car Market
32.1. Denmark, Passenger Car Historic Market, 2018-2023, $ Billion
32.2. Denmark, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Passenger Car Market
33.1. Finland, Passenger Car Historic Market, 2018-2023, $ Billion
33.2. Finland, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Passenger Car Market
34.1. Ireland, Passenger Car Historic Market, 2018-2023, $ Billion
34.2. Ireland, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Passenger Car Market
35.1. Netherlands, Passenger Car Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Passenger Car Market
36.1. Norway, Passenger Car Historic Market, 2018-2023, $ Billion
36.2. Norway, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Passenger Car Market
37.1. Portugal, Passenger Car Historic Market, 2018-2023, $ Billion
37.2. Portugal, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Passenger Car Market
38.1. Sweden, Passenger Car Historic Market, 2018-2023, $ Billion
38.2. Sweden, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Passenger Car Market
39.1. Switzerland, Passenger Car Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Passenger Car Market
40.1. Eastern Europe Passenger Car Market Overview
40.2. Eastern Europe Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Passenger Car Market
41.1. Russia Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Passenger Car Market
42.1. Czech Republic, Passenger Car Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Passenger Car Market
43.1. Poland, Passenger Car Historic Market, 2018-2023, $ Billion
43.2. Poland, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Passenger Car Market
44.1. Romania, Passenger Car Historic Market, 2018-2023, $ Billion
44.2. Romania, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Passenger Car Market
45.1. Ukraine, Passenger Car Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Passenger Car Market
46.1. North America Passenger Car Market Overview
46.2. North America Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Passenger Car Market
47.1. USA Passenger Car Market Overview
47.2. USA Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Passenger Car Market
48.1. Canada Passenger Car Market Overview
48.2. Canada Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Passenger Car Market
49.1. Mexico, Passenger Car Historic Market, 2018-2023, $ Billion
49.2. Mexico, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Passenger Car Market
50.1. South America Passenger Car Market Overview
50.2. South America Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Passenger Car Market
51.1. Brazil Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Passenger Car Market
52.1. Chile, Passenger Car Historic Market, 2018-2023, $ Billion
52.2. Chile, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Passenger Car Market
53.1. Argentina, Passenger Car Historic Market, 2018-2023, $ Billion
53.2. Argentina, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Passenger Car Market
54.1. Colombia, Passenger Car Historic Market, 2018-2023, $ Billion
54.2. Colombia, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Passenger Car Market
55.1. Peru, Passenger Car Historic Market, 2018-2023, $ Billion
55.2. Peru, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Passenger Car Market
56.1. Middle East Passenger Car Market Overview
56.2. Middle East Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Passenger Car Market
57.1. Saudi Arabia, Passenger Car Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Passenger Car Market
58.1. Israel, Passenger Car Historic Market, 2018-2023, $ Billion
58.2. Israel, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Passenger Car Market
59.1. Iran, Passenger Car Historic Market, 2018-2023, $ Billion
59.2. Iran, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Passenger Car Market
60.1. Turkey, Passenger Car Historic Market, 2018-2023, $ Billion
60.2. Turkey, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Passenger Car Market
61.1. United Arab Emirates, Passenger Car Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Passenger Car Market
62.1. Africa Passenger Car Market Overview
62.2. Africa Passenger Car Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Passenger Car Market
63.1. Egypt, Passenger Car Historic Market, 2018-2023, $ Billion
63.2. Egypt, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Passenger Car Market
64.1. Nigeria, Passenger Car Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Passenger Car Market
65.1. South Africa, Passenger Car Historic Market, 2018-2023, $ Billion
65.2. South Africa, Passenger Car Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Passenger Car Market Competitive Landscape and Company Profiles
66.1. Passenger Car Market Competitive Landscape
66.2. Passenger Car Market Company Profiles
66.2.1. Volkswagen AG
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Toyota Motor Corp
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. Daimler AG
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Fiat Chrysler Automobiles NV
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. Ford Motor Co.
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Passenger Car Market Other Major and Innovative Companies
67.1. General Motors Company
67.2. BMW AG
67.3. Honda Motor Co Ltd.
67.4. Hyundai Motor Co. Ltd.
67.5. SAIC Motor Co ltd.
67.6. Groupe PSA
67.7. Tesla Inc.
67.8. Nissan Motor Co Ltd.
67.9. Kia Motors Corporation
67.10. BYD Company Limited
67.11. Renault SA
67.12. EXOR Group
67.13. Jeep
67.14. Tata Motors Limited
67.15. Suzuki Motor Corporation
68. Global Passenger Car Market Competitive Benchmarking69. Global Passenger Car Market Competitive Dashboard70. Key Mergers and Acquisitions in the Passenger Car Market
71. Passenger Car Market Future Outlook and Potential Analysis
71.1 Passenger Car Market in 2028 - Countries Offering Most New Opportunities
71.2 Passenger Car Market in 2028 - Segments Offering Most New Opportunities
71.3 Passenger Car Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Passenger Car Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on passenger car market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for passenger car? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Hatchback; Sedan; Utility Vehicle
2) By Fuel Type: Gasoline; Diesel; Other Fuel Types
3) By Engine Capacity: < 1000 cc; < 1000-1500 cc; < 1500-2000 cc; >2000 cc
4) By Propulsion Type: IC Engine; Electric Vehicle

Key Companies Mentioned: Volkswagen AG; Toyota Motor Corporation; Daimler AG; Fiat Chrysler Automobiles NV; Ford Motor Co.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • Volkswagen AG
  • Toyota Motor Corporation
  • Daimler AG
  • Fiat Chrysler Automobiles NV
  • Ford Motor Co.
  • General Motors Company
  • BMW AG
  • Honda Motor Co Ltd.
  • Hyundai Motor Co. Ltd.
  • SAIC Motor Co ltd.
  • Groupe PSA
  • Tesla Inc.
  • Nissan Motor Co Ltd.
  • Kia Motors Corporation
  • BYD Company Limited
  • Renault SA
  • EXOR Group
  • Jeep
  • Tata Motors Limited
  • Suzuki Motor Corporation
  • Subaru Corporation
  • Mazda Motor Corporation
  • FCA Italy S.p.A.
  • Geely Automobile Holdings Limited
  • Great Wall Motor Company Limited
  • Mitsubishi Motors Corporation
  • Guangzhou Automobile Group Co. Ltd.
  • Changan Automobile Co. Ltd.
  • Dongfeng Motor Corporation
  • Maserati S.p.A.
  • Brilliance China Automotive Holdings Limited

Methodology

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Table Information