Global Passenger Cars Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The Global Passenger Cars Market is segmented by Body Type ( Passenger Cars ) , by Engine Type ( Hybrid And Electric Vehicles, ICE ) and by Region ( Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America )

Passenger Cars Market Size

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type: Sports Utility Vehicle
https://s3.mordorlabs.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region: Europe
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: -2.90 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?
1. CRISP & INSIGHFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE

Passenger Cars Market Analysis

The Global Passenger Cars Market is projected to register a CAGR of -2.90%

  • Largest Segment by Fuel Type - Gasoline : Gasoline has the highest growth among all fuel types across globe. Easy availability of the traditional fuel and the affordable price of the gasoline engines provide an edge over other fuel options.
  • Largest Segment by Country - Germany : Globally, China has witnessed the largest share in passenger car sales. The growing disposable income of consumers and changing lifestyles are increasing the demand for passenger cars in China.
  • Largest Segment by Sub-Body Type - Sports Utility Vehicle : Strong build, ability to drive in all terrains and bold looks, strong engines are some of the factors making SUVs the largest sub-body type in the global passenger car market.
  • Fastest-growing Segment by Fuel Type - FCEV : Stringent norms, governmental subsidies, continued encouragement of BEV adoption among private auto owners which is making BEV the fastest-growing segment in passenger car market globally.

Passenger Cars Industry Segmentation

Passenger Cars are covered as segments by Body Type. Hybrid And Electric Vehicles, ICE are covered as segments by Engine Type. Africa, Asia-Pacific, Europe, Middle East, Miidle East, North America, South America are covered as segments by Region.
Body Type
Passenger Cars
Hatchback
Multi-purpose Vehicle
Sedan
Sports Utility Vehicle
Engine Type
Hybrid And Electric Vehicles
By Fuel Type
BEV
FCEV
HEV
PHEV
ICE
By Fuel Type
CNG
Diesel
Gasoline
LPG
Region
Africa
South Africa
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Rest-of-APAC
Europe
Austria
Belgium
Czech Republic
Denmark
Estonia
France
Germany
Ireland
Italy
Latvia
Lithuania
Norway
Poland
Russia
Spain
Sweden
UK
Rest-of-Europe
Middle East
UAE
Rest-of-MEA
Miidle East
North America
Canada
Mexico
US
Rest-of-North America
South America
Rest-of-Latin America

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Passenger Cars Market Trends

This section covers the major market trends shaping the Passenger Cars Market according to our research experts:

Sports Utility Vehicle is the largest segment by Sub Body Type.

  • The automotive industry was one of the industries most affected by the global chip shortage and supply chain disruptions brought on by the COVID-19 pandemic. However, automobile manufacturer Tesla has continued to come under fire for contributing to climate change through the manufacturing process and the automobiles produced. EU car buyers appear to be contributing to reducing the harmful effects of fossil fuel-powered vehicles.
  • The year 2020 saw a substantial effect of the pandemic on global auto markets. As more nations restricted travel due to the pandemic in 2020, the automotive industry experienced several setbacks. In 2020, 63.8 million cars were sold worldwide. A slight rebound was expected in 2021, with 66 million cars expected to be sold. Toyota and the Volkswagen Group both saw reductions in their deliveries of more than a million cars.
  • In 2021, approximately 56.4 million passenger cars were sold worldwide, representing a nearly 5% increase over the previous year. China had the largest regional automobile market in 2021, with slightly less than 21.5 million units. Automotive technology is expected to undergo significant change in the next ten years. Around 26% of new automobile sales globally are expected to be of electric vehicles by 2030, with an estimated 58 million new self-driving cars to be added to the global fleet by 2022. As a result of technological advancements, the types of components required to create the finished product have begun to change. This allows for further segmentation of the automotive supplier market, particularly the automotive electronics market. Automation and electrification are expected to boost the car market in the near future.
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Europe is the largest segment by Region.

  • Governments worldwide have been proactive in enacting policies to encourage the adoption of electric vehicles. China, India, France, and the United Kingdom have announced plans to completely phase out the petrol and diesel vehicles industry before 2040.
  • An increase in the demand for clean energy in the automotive industry is one of the major factors contributing to the market's growth. OEMs are also redefining their roadmap for electric vehicles. For instance, in March 2022, Kia Motors announced that it would enter the electric pickup truck market, announcing that two models would be available by 2027. In March 2022, Ford announced that it would offer a new generation of four electric commercial vehicles by 2024. 
  • E-commerce companies have significant opportunities to explore the retail e-commerce market due to high internet and smartphone penetration in the North American region. It also helps e-commerce companies in expanding their business through broader reach. This is an important factor in the growth of the electric vehicle market in the world. The above trend has propelled automakers to increase their expenditure on the R&D of trucks, which has boosted the market growth of electric vehicles. These factors are expected to help market growth over the forecast period.
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Passenger Cars Industry Overview

The Global Passenger Cars Market is fragmented, with the top five companies occupying 37.30%. The major players in this market are Ford Motor Company, Hyundai Motor Company, Nissan Motor Company Ltd, Toyota Motor Corporation and Volkswagen AG (sorted alphabetically).

Passenger Cars Market Leaders

  1. Ford Motor Company

  2. Hyundai Motor Company

  3. Nissan Motor Company Ltd

  4. Toyota Motor Corporation

  5. Volkswagen AG

*Disclaimer: Major Players sorted in no particular order

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Passenger Cars Market News

  • July 2022: Honda will relocate the transmission assembly to Santa Catarina, Brazil in order to increase its operational flexibility, efficacy, and competitiveness.
  • July 2022: Honda will relocate the transmission assembly to Santa Catarina, Brazil in order to increase its operational flexibility, efficacy, and competitiveness.
  • July 2022: BMW has confirmed that the brand-new X1 and 3 Series will be produced in Brazil. To prepare the Araquari facility for the new models, the business will employ a portion of the BRL 500 million investment planned in November 2021.

Passenger Cars Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  2. 2. KEY INDUSTRY TRENDS

    1. 2.1. Population

    2. 2.2. GDP

    3. 2.3. CVP

    4. 2.4. Inflation Rate

    5. 2.5. Interest Rate For Auto Loans

    6. 2.6. Battery Price (per Kwh)

    7. 2.7. Logistics Performance Index

    8. 2.8. Electrification Impact

    9. 2.9. New XEV Models Announced

    10. 2.10. Charging Stations Deployment

    11. 2.11. Regulatory Framework

    12. 2.12. Value Chain & Distribution Channel Analysis

  3. 3. MARKET SEGMENTATION

    1. 3.1. Body Type

      1. 3.1.1. Passenger Cars

        1. 3.1.1.1. Hatchback

        2. 3.1.1.2. Multi-purpose Vehicle

        3. 3.1.1.3. Sedan

        4. 3.1.1.4. Sports Utility Vehicle

    2. 3.2. Engine Type

      1. 3.2.1. Hybrid And Electric Vehicles

        1. 3.2.1.1. By Fuel Type

          1. 3.2.1.1.1. BEV

          2. 3.2.1.1.2. FCEV

          3. 3.2.1.1.3. HEV

          4. 3.2.1.1.4. PHEV

      2. 3.2.2. ICE

        1. 3.2.2.1. By Fuel Type

          1. 3.2.2.1.1. CNG

          2. 3.2.2.1.2. Diesel

          3. 3.2.2.1.3. Gasoline

          4. 3.2.2.1.4. LPG

    3. 3.3. Region

      1. 3.3.1. Africa

        1. 3.3.1.1. South Africa

      2. 3.3.2. Asia-Pacific

        1. 3.3.2.1. Australia

        2. 3.3.2.2. China

        3. 3.3.2.3. India

        4. 3.3.2.4. Indonesia

        5. 3.3.2.5. Japan

        6. 3.3.2.6. Malaysia

        7. 3.3.2.7. South Korea

        8. 3.3.2.8. Thailand

        9. 3.3.2.9. Rest-of-APAC

      3. 3.3.3. Europe

        1. 3.3.3.1. Austria

        2. 3.3.3.2. Belgium

        3. 3.3.3.3. Czech Republic

        4. 3.3.3.4. Denmark

        5. 3.3.3.5. Estonia

        6. 3.3.3.6. France

        7. 3.3.3.7. Germany

        8. 3.3.3.8. Ireland

        9. 3.3.3.9. Italy

        10. 3.3.3.10. Latvia

        11. 3.3.3.11. Lithuania

        12. 3.3.3.12. Norway

        13. 3.3.3.13. Poland

        14. 3.3.3.14. Russia

        15. 3.3.3.15. Spain

        16. 3.3.3.16. Sweden

        17. 3.3.3.17. UK

        18. 3.3.3.18. Rest-of-Europe

      4. 3.3.4. Middle East

        1. 3.3.4.1. UAE

        2. 3.3.4.2. Rest-of-MEA

      5. 3.3.5. Miidle East

      6. 3.3.6. North America

        1. 3.3.6.1. Canada

        2. 3.3.6.2. Mexico

        3. 3.3.6.3. US

        4. 3.3.6.4. Rest-of-North America

      7. 3.3.7. South America

        1. 3.3.7.1. Rest-of-Latin America

  4. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. BMW AG

      2. 4.4.2. Ford Motor Company

      3. 4.4.3. Honda Motor Co. Ltd.

      4. 4.4.4. Hyundai Motor Company

      5. 4.4.5. Kia corporation

      6. 4.4.6. Mercedes Group

      7. 4.4.7. Nissan Motor Company Ltd

      8. 4.4.8. Toyota Motor Corporation

      9. 4.4.9. Volkswagen AG

  5. 5. KEY STRATEGIC QUESTIONS FOR VEHICLES CEOS

  6. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 2:  

    GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 3:  

    GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 4:  

    GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 5:  

    GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 6:  

    GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026

    Figure 7:  

    GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 8:  

    GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 9:  

    GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 10:  

    GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 11:  

    GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 12:  

    GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026

    Figure 13:  

    GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 14:  

    GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 15:  

    GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 16:  

    GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 17:  

    GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 18:  

    GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027

    Figure 19:  

    GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 20:  

    GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 21:  

    GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 22:  

    GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 23:  

    GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 24:  

    GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 25:  

    GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 26:  

    GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 27:  

    GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 28:  

    GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 29:  

    GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 30:  

    GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 31:  

    GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 32:  

    GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 33:  

    GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 34:  

    GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 35:  

    GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 36:  

    GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026

    Figure 37:  

    GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 38:  

    GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 39:  

    GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 40:  

    GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 41:  

    GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 42:  

    GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026

    Figure 43:  

    GLOBAL PASSENGER CARS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026

    Figure 44:  

    GLOBAL PASSENGER CARS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026

    Figure 45:  

    GLOBAL PASSENGER CARS MARKET, VOLUME IN UNITS, 2016 – 2026

    Figure 46:  

    GLOBAL PASSENGER CARS MARKET, VALUE IN USD, 2016 – 2026

    Figure 47:  

    GLOBAL PASSENGER CARS MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 48:  

    GLOBAL PASSENGER CARS MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028

    Figure 49:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 50:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028

    Figure 51:  

    GLOBAL PASSENGER CARS MARKET, BY HATCHBACK, BY VOLUME IN UNITS, 2016-2028

    Figure 52:  

    GLOBAL PASSENGER CARS MARKET, BY HATCHBACK, BY VALUE IN USD, 2016-2028

    Figure 53:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 54:  

    GLOBAL PASSENGER CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VOLUME IN UNITS, 2016-2028

    Figure 55:  

    GLOBAL PASSENGER CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VALUE IN USD, 2016-2028

    Figure 56:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 57:  

    GLOBAL PASSENGER CARS MARKET, BY SEDAN, BY VOLUME IN UNITS, 2016-2028

    Figure 58:  

    GLOBAL PASSENGER CARS MARKET, BY SEDAN, BY VALUE IN USD, 2016-2028

    Figure 59:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 60:  

    GLOBAL PASSENGER CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VOLUME IN UNITS, 2016-2028

    Figure 61:  

    GLOBAL PASSENGER CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VALUE IN USD, 2016-2028

    Figure 62:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028

    Figure 63:  

    GLOBAL PASSENGER CARS MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 64:  

    GLOBAL PASSENGER CARS MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028

    Figure 65:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028

    Figure 66:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028

    Figure 67:  

    GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 68:  

    GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 69:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 70:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 71:  

    GLOBAL PASSENGER CARS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028

    Figure 72:  

    GLOBAL PASSENGER CARS MARKET, BY BEV, BY VALUE IN USD, 2016-2028

    Figure 73:  

    GLOBAL PASSENGER CARS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028

    Figure 74:  

    GLOBAL PASSENGER CARS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028

    Figure 75:  

    GLOBAL PASSENGER CARS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028

    Figure 76:  

    GLOBAL PASSENGER CARS MARKET, BY HEV, BY VALUE IN USD, 2016-2028

    Figure 77:  

    GLOBAL PASSENGER CARS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028

    Figure 78:  

    GLOBAL PASSENGER CARS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028

    Figure 79:  

    GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028

    Figure 80:  

    GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028

    Figure 81:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 82:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028

    Figure 83:  

    GLOBAL PASSENGER CARS MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028

    Figure 84:  

    GLOBAL PASSENGER CARS MARKET, BY CNG, BY VALUE IN USD, 2016-2028

    Figure 85:  

    GLOBAL PASSENGER CARS MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028

    Figure 86:  

    GLOBAL PASSENGER CARS MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028

    Figure 87:  

    GLOBAL PASSENGER CARS MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028

    Figure 88:  

    GLOBAL PASSENGER CARS MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028

    Figure 89:  

    GLOBAL PASSENGER CARS MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028

    Figure 90:  

    GLOBAL PASSENGER CARS MARKET, BY LPG, BY VALUE IN USD, 2016-2028

    Figure 91:  

    GLOBAL PASSENGER CARS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028

    Figure 92:  

    GLOBAL PASSENGER CARS MARKET, BY REGION, BY VALUE IN USD, 2016-2028

    Figure 93:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 94:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028

    Figure 95:  

    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 96:  

    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 97:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 98:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 99:  

    GLOBAL PASSENGER CARS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028

    Figure 100:  

    GLOBAL PASSENGER CARS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028

    Figure 101:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 102:  

    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

    Figure 103:  

    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 104:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 105:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 106:  

    GLOBAL PASSENGER CARS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028

    Figure 107:  

    GLOBAL PASSENGER CARS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028

    Figure 108:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 109:  

    GLOBAL PASSENGER CARS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028

    Figure 110:  

    GLOBAL PASSENGER CARS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028

    Figure 111:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 112:  

    GLOBAL PASSENGER CARS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028

    Figure 113:  

    GLOBAL PASSENGER CARS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028

    Figure 114:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 115:  

    GLOBAL PASSENGER CARS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028

    Figure 116:  

    GLOBAL PASSENGER CARS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028

    Figure 117:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 118:  

    GLOBAL PASSENGER CARS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028

    Figure 119:  

    GLOBAL PASSENGER CARS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028

    Figure 120:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 121:  

    GLOBAL PASSENGER CARS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028

    Figure 122:  

    GLOBAL PASSENGER CARS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028

    Figure 123:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 124:  

    GLOBAL PASSENGER CARS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028

    Figure 125:  

    GLOBAL PASSENGER CARS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028

    Figure 126:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028

    Figure 132:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028

    Figure 142:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028

    Figure 145:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 146:  

    GLOBAL PASSENGER CARS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028

    Figure 148:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 149:  

    GLOBAL PASSENGER CARS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028

    Figure 150:  

    GLOBAL PASSENGER CARS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028

    Figure 151:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 152:  

    GLOBAL PASSENGER CARS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028

    Figure 153:  

    GLOBAL PASSENGER CARS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028

    Figure 154:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 155:  

    GLOBAL PASSENGER CARS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028

    Figure 156:  

    GLOBAL PASSENGER CARS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028

    Figure 157:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 158:  

    GLOBAL PASSENGER CARS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028

    Figure 159:  

    GLOBAL PASSENGER CARS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028

    Figure 160:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 161:  

    GLOBAL PASSENGER CARS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028

    Figure 163:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 164:  

    GLOBAL PASSENGER CARS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028

    Figure 165:  

    GLOBAL PASSENGER CARS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028

    Figure 166:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 167:  

    GLOBAL PASSENGER CARS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028

    Figure 168:  

    GLOBAL PASSENGER CARS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028

    Figure 169:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 170:  

    GLOBAL PASSENGER CARS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028

    Figure 171:  

    GLOBAL PASSENGER CARS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028

    Figure 172:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 173:  

    GLOBAL PASSENGER CARS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY UK, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

    Figure 195:  

    GLOBAL PASSENGER CARS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY UAE, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY US, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028

    Figure 223:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028

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    GLOBAL PASSENGER CARS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028

    Figure 227:  

    GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028

    Figure 228:  

    GLOBAL PASSENGER CARS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021

    Figure 229:  

    GLOBAL PASSENGER CARS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021

    Figure 230:  

    GLOBAL PASSENGER CARS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

Market Definition

  • Body Type - Passenger cars are electric motor– or engine-driven vehicles with at least four wheels. These vehicles are used for the transport of passengers and comprise no more than eight seats in addition to the driver’s seat.
  • Engine Type - This includes Hybrid and electric vehicles and Internal combustion engines (ICE).
  • Fuel Type - Hybrid and electric vehicles include HEV, PHEV, BEV, and FCEV while ICE includes Gasoline, Diesel, CNG, LPG.
  • Sub Body Type - The sub-body type includes Hatchback, Sedan, SUV, and MPV.
  • Vehicle Type - Passenger vehicles which includes electric powered cars and vehicles, sports utility vehicles, multipurpose vehicles

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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Passenger Cars Market Research FAQs

The Global Passenger Cars Market is studied from 2016 - 2028.

Sports Utility Vehicle is growing at the highest CAGR over 2016 - 2028.

Europe holds highest share in 2021.

Ford Motor Company, Hyundai Motor Company, Nissan Motor Company Ltd, Toyota Motor Corporation, Volkswagen AG are the major companies operating in Global Passenger Cars Market.

Global Passenger Cars Industry Report

Statistics for the 2023 Global Passenger Cars market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Passenger Cars analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.