Passenger Cars Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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

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Passenger Cars Market Size

Global Passenger Cars Market
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2016 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 0.96 Trillion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 1.48 Trillion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Sub Body Type Sports Utility Vehicle
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 9.04 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Europe

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Passenger Cars Market Analysis

The Global Passenger Cars Market size is estimated at USD 0.96 trillion in 2024, and is expected to reach USD 1.48 trillion by 2029, growing at a CAGR of 9.04% during the forecast period (2024-2029).

  • 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 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.
Global Passenger Cars Market

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.
Global Passenger Cars Market

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

Global Passenger Cars Market
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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

  1. Figure 1:  
  2. GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 2:  
  2. GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 3:  
  2. GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 4:  
  2. GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 5:  
  2. GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 6:  
  2. GLOBAL PASSENGER CARS MARKET, POPULATION YOY GROWTH RATE, MILLION UNITS, 2016 – 2026
  1. Figure 7:  
  2. GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 8:  
  2. GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 9:  
  2. GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 10:  
  2. GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 11:  
  2. GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 12:  
  2. GLOBAL PASSENGER CARS MARKET, GDP YOY GROWTH RATE, USD MILLION, 2016 – 2026
  1. Figure 13:  
  2. GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 14:  
  2. GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 15:  
  2. GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 16:  
  2. GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 17:  
  2. GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 18:  
  2. GLOBAL PASSENGER CARS MARKET, CVP YOY GROWTH RATE, 2016 – 2027
  1. Figure 19:  
  2. GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 20:  
  2. GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 21:  
  2. GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 22:  
  2. GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 23:  
  2. GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 24:  
  2. GLOBAL PASSENGER CARS MARKET, INFLATION RATE YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 25:  
  2. GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 26:  
  2. GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 27:  
  2. GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 28:  
  2. GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 29:  
  2. GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 30:  
  2. GLOBAL PASSENGER CARS MARKET, INTEREST RATE FOR AUTO LOANS YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 31:  
  2. GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 32:  
  2. GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 33:  
  2. GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 34:  
  2. GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 35:  
  2. GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 36:  
  2. GLOBAL PASSENGER CARS MARKET, BATTERY PRICES YOY GROWTH RATE, 2016 – 2026
  1. Figure 37:  
  2. GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 38:  
  2. GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 39:  
  2. GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 40:  
  2. GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 41:  
  2. GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 42:  
  2. GLOBAL PASSENGER CARS MARKET, LPI YOY GROWTH RATE, 2016 – 2026
  1. Figure 43:  
  2. GLOBAL PASSENGER CARS MARKET, ELECTRIFICATION IMPACT, VOLUME, YOY GROWTH RATE, PERCENT, 2016 – 2026
  1. Figure 44:  
  2. GLOBAL PASSENGER CARS MARKET, CHARGING STATIONS DEPLOYMENT, VOLUME, YOY GROWTH RATE, UNITS, 2016 – 2026
  1. Figure 45:  
  2. GLOBAL PASSENGER CARS MARKET, VOLUME IN UNITS, 2016 – 2026
  1. Figure 46:  
  2. GLOBAL PASSENGER CARS MARKET, VALUE IN USD, 2016 – 2026
  1. Figure 47:  
  2. GLOBAL PASSENGER CARS MARKET, BY SUB BODY TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 48:  
  2. GLOBAL PASSENGER CARS MARKET, BY SUB BODY TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 49:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 50:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2016 - 2028
  1. Figure 51:  
  2. GLOBAL PASSENGER CARS MARKET, BY HATCHBACK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 52:  
  2. GLOBAL PASSENGER CARS MARKET, BY HATCHBACK, BY VALUE IN USD, 2016-2028
  1. Figure 53:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 54:  
  2. GLOBAL PASSENGER CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 55:  
  2. GLOBAL PASSENGER CARS MARKET, BY MULTI-PURPOSE VEHICLE, BY VALUE IN USD, 2016-2028
  1. Figure 56:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 57:  
  2. GLOBAL PASSENGER CARS MARKET, BY SEDAN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 58:  
  2. GLOBAL PASSENGER CARS MARKET, BY SEDAN, BY VALUE IN USD, 2016-2028
  1. Figure 59:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 60:  
  2. GLOBAL PASSENGER CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 61:  
  2. GLOBAL PASSENGER CARS MARKET, BY SPORTS UTILITY VEHICLE, BY VALUE IN USD, 2016-2028
  1. Figure 62:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2021 - 2028
  1. Figure 63:  
  2. GLOBAL PASSENGER CARS MARKET, BY ENGINE TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 64:  
  2. GLOBAL PASSENGER CARS MARKET, BY ENGINE TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 65:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 66:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY ENGINE TYPE, 2016 - 2028
  1. Figure 67:  
  2. GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 68:  
  2. GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 69:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 70:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 71:  
  2. GLOBAL PASSENGER CARS MARKET, BY BEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 72:  
  2. GLOBAL PASSENGER CARS MARKET, BY BEV, BY VALUE IN USD, 2016-2028
  1. Figure 73:  
  2. GLOBAL PASSENGER CARS MARKET, BY FCEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 74:  
  2. GLOBAL PASSENGER CARS MARKET, BY FCEV, BY VALUE IN USD, 2016-2028
  1. Figure 75:  
  2. GLOBAL PASSENGER CARS MARKET, BY HEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 76:  
  2. GLOBAL PASSENGER CARS MARKET, BY HEV, BY VALUE IN USD, 2016-2028
  1. Figure 77:  
  2. GLOBAL PASSENGER CARS MARKET, BY PHEV, BY VOLUME IN UNITS, 2016-2028
  1. Figure 78:  
  2. GLOBAL PASSENGER CARS MARKET, BY PHEV, BY VALUE IN USD, 2016-2028
  1. Figure 79:  
  2. GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 80:  
  2. GLOBAL PASSENGER CARS MARKET, BY FUEL TYPE, BY VALUE IN USD, 2016-2028
  1. Figure 81:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 82:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY FUEL TYPE, 2016 - 2028
  1. Figure 83:  
  2. GLOBAL PASSENGER CARS MARKET, BY CNG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 84:  
  2. GLOBAL PASSENGER CARS MARKET, BY CNG, BY VALUE IN USD, 2016-2028
  1. Figure 85:  
  2. GLOBAL PASSENGER CARS MARKET, BY DIESEL, BY VOLUME IN UNITS, 2016-2028
  1. Figure 86:  
  2. GLOBAL PASSENGER CARS MARKET, BY DIESEL, BY VALUE IN USD, 2016-2028
  1. Figure 87:  
  2. GLOBAL PASSENGER CARS MARKET, BY GASOLINE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 88:  
  2. GLOBAL PASSENGER CARS MARKET, BY GASOLINE, BY VALUE IN USD, 2016-2028
  1. Figure 89:  
  2. GLOBAL PASSENGER CARS MARKET, BY LPG, BY VOLUME IN UNITS, 2016-2028
  1. Figure 90:  
  2. GLOBAL PASSENGER CARS MARKET, BY LPG, BY VALUE IN USD, 2016-2028
  1. Figure 91:  
  2. GLOBAL PASSENGER CARS MARKET, BY REGION, BY VOLUME IN UNITS, 2016-2028
  1. Figure 92:  
  2. GLOBAL PASSENGER CARS MARKET, BY REGION, BY VALUE IN USD, 2016-2028
  1. Figure 93:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 94:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY REGION, 2016 - 2028
  1. Figure 95:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 96:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 97:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 98:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 99:  
  2. GLOBAL PASSENGER CARS MARKET, BY SOUTH AFRICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 100:  
  2. GLOBAL PASSENGER CARS MARKET, BY SOUTH AFRICA, BY VALUE IN USD, 2016-2028
  1. Figure 101:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 102:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 103:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 104:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 105:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 106:  
  2. GLOBAL PASSENGER CARS MARKET, BY AUSTRALIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 107:  
  2. GLOBAL PASSENGER CARS MARKET, BY AUSTRALIA, BY VALUE IN USD, 2016-2028
  1. Figure 108:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 109:  
  2. GLOBAL PASSENGER CARS MARKET, BY CHINA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 110:  
  2. GLOBAL PASSENGER CARS MARKET, BY CHINA, BY VALUE IN USD, 2016-2028
  1. Figure 111:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 112:  
  2. GLOBAL PASSENGER CARS MARKET, BY INDIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 113:  
  2. GLOBAL PASSENGER CARS MARKET, BY INDIA, BY VALUE IN USD, 2016-2028
  1. Figure 114:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 115:  
  2. GLOBAL PASSENGER CARS MARKET, BY INDONESIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 116:  
  2. GLOBAL PASSENGER CARS MARKET, BY INDONESIA, BY VALUE IN USD, 2016-2028
  1. Figure 117:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 118:  
  2. GLOBAL PASSENGER CARS MARKET, BY JAPAN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 119:  
  2. GLOBAL PASSENGER CARS MARKET, BY JAPAN, BY VALUE IN USD, 2016-2028
  1. Figure 120:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 121:  
  2. GLOBAL PASSENGER CARS MARKET, BY MALAYSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 122:  
  2. GLOBAL PASSENGER CARS MARKET, BY MALAYSIA, BY VALUE IN USD, 2016-2028
  1. Figure 123:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 124:  
  2. GLOBAL PASSENGER CARS MARKET, BY SOUTH KOREA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 125:  
  2. GLOBAL PASSENGER CARS MARKET, BY SOUTH KOREA, BY VALUE IN USD, 2016-2028
  1. Figure 126:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 127:  
  2. GLOBAL PASSENGER CARS MARKET, BY THAILAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 128:  
  2. GLOBAL PASSENGER CARS MARKET, BY THAILAND, BY VALUE IN USD, 2016-2028
  1. Figure 129:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 130:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-APAC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 131:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-APAC, BY VALUE IN USD, 2016-2028
  1. Figure 132:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 133:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 134:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 135:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 136:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 137:  
  2. GLOBAL PASSENGER CARS MARKET, BY AUSTRIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 138:  
  2. GLOBAL PASSENGER CARS MARKET, BY AUSTRIA, BY VALUE IN USD, 2016-2028
  1. Figure 139:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 140:  
  2. GLOBAL PASSENGER CARS MARKET, BY BELGIUM, BY VOLUME IN UNITS, 2016-2028
  1. Figure 141:  
  2. GLOBAL PASSENGER CARS MARKET, BY BELGIUM, BY VALUE IN USD, 2016-2028
  1. Figure 142:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 143:  
  2. GLOBAL PASSENGER CARS MARKET, BY CZECH REPUBLIC, BY VOLUME IN UNITS, 2016-2028
  1. Figure 144:  
  2. GLOBAL PASSENGER CARS MARKET, BY CZECH REPUBLIC, BY VALUE IN USD, 2016-2028
  1. Figure 145:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 146:  
  2. GLOBAL PASSENGER CARS MARKET, BY DENMARK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 147:  
  2. GLOBAL PASSENGER CARS MARKET, BY DENMARK, BY VALUE IN USD, 2016-2028
  1. Figure 148:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 149:  
  2. GLOBAL PASSENGER CARS MARKET, BY ESTONIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 150:  
  2. GLOBAL PASSENGER CARS MARKET, BY ESTONIA, BY VALUE IN USD, 2016-2028
  1. Figure 151:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 152:  
  2. GLOBAL PASSENGER CARS MARKET, BY FRANCE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 153:  
  2. GLOBAL PASSENGER CARS MARKET, BY FRANCE, BY VALUE IN USD, 2016-2028
  1. Figure 154:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 155:  
  2. GLOBAL PASSENGER CARS MARKET, BY GERMANY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 156:  
  2. GLOBAL PASSENGER CARS MARKET, BY GERMANY, BY VALUE IN USD, 2016-2028
  1. Figure 157:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 158:  
  2. GLOBAL PASSENGER CARS MARKET, BY IRELAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 159:  
  2. GLOBAL PASSENGER CARS MARKET, BY IRELAND, BY VALUE IN USD, 2016-2028
  1. Figure 160:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 161:  
  2. GLOBAL PASSENGER CARS MARKET, BY ITALY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 162:  
  2. GLOBAL PASSENGER CARS MARKET, BY ITALY, BY VALUE IN USD, 2016-2028
  1. Figure 163:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 164:  
  2. GLOBAL PASSENGER CARS MARKET, BY LATVIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 165:  
  2. GLOBAL PASSENGER CARS MARKET, BY LATVIA, BY VALUE IN USD, 2016-2028
  1. Figure 166:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 167:  
  2. GLOBAL PASSENGER CARS MARKET, BY LITHUANIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 168:  
  2. GLOBAL PASSENGER CARS MARKET, BY LITHUANIA, BY VALUE IN USD, 2016-2028
  1. Figure 169:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 170:  
  2. GLOBAL PASSENGER CARS MARKET, BY NORWAY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 171:  
  2. GLOBAL PASSENGER CARS MARKET, BY NORWAY, BY VALUE IN USD, 2016-2028
  1. Figure 172:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 173:  
  2. GLOBAL PASSENGER CARS MARKET, BY POLAND, BY VOLUME IN UNITS, 2016-2028
  1. Figure 174:  
  2. GLOBAL PASSENGER CARS MARKET, BY POLAND, BY VALUE IN USD, 2016-2028
  1. Figure 175:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 176:  
  2. GLOBAL PASSENGER CARS MARKET, BY RUSSIA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 177:  
  2. GLOBAL PASSENGER CARS MARKET, BY RUSSIA, BY VALUE IN USD, 2016-2028
  1. Figure 178:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 179:  
  2. GLOBAL PASSENGER CARS MARKET, BY SPAIN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 180:  
  2. GLOBAL PASSENGER CARS MARKET, BY SPAIN, BY VALUE IN USD, 2016-2028
  1. Figure 181:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 182:  
  2. GLOBAL PASSENGER CARS MARKET, BY SWEDEN, BY VOLUME IN UNITS, 2016-2028
  1. Figure 183:  
  2. GLOBAL PASSENGER CARS MARKET, BY SWEDEN, BY VALUE IN USD, 2016-2028
  1. Figure 184:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 185:  
  2. GLOBAL PASSENGER CARS MARKET, BY UK, BY VOLUME IN UNITS, 2016-2028
  1. Figure 186:  
  2. GLOBAL PASSENGER CARS MARKET, BY UK, BY VALUE IN USD, 2016-2028
  1. Figure 187:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 188:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-EUROPE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 189:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-EUROPE, BY VALUE IN USD, 2016-2028
  1. Figure 190:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 191:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 192:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 193:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 194:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 195:  
  2. GLOBAL PASSENGER CARS MARKET, BY UAE, BY VOLUME IN UNITS, 2016-2028
  1. Figure 196:  
  2. GLOBAL PASSENGER CARS MARKET, BY UAE, BY VALUE IN USD, 2016-2028
  1. Figure 197:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 198:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-MEA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 199:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-MEA, BY VALUE IN USD, 2016-2028
  1. Figure 200:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 201:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 202:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 203:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 204:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 205:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 206:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 207:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 208:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 209:  
  2. GLOBAL PASSENGER CARS MARKET, BY CANADA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 210:  
  2. GLOBAL PASSENGER CARS MARKET, BY CANADA, BY VALUE IN USD, 2016-2028
  1. Figure 211:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 212:  
  2. GLOBAL PASSENGER CARS MARKET, BY MEXICO, BY VOLUME IN UNITS, 2016-2028
  1. Figure 213:  
  2. GLOBAL PASSENGER CARS MARKET, BY MEXICO, BY VALUE IN USD, 2016-2028
  1. Figure 214:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 215:  
  2. GLOBAL PASSENGER CARS MARKET, BY US, BY VOLUME IN UNITS, 2016-2028
  1. Figure 216:  
  2. GLOBAL PASSENGER CARS MARKET, BY US, BY VALUE IN USD, 2016-2028
  1. Figure 217:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 218:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-NORTH AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 219:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-NORTH AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 220:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 221:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VOLUME IN UNITS, 2016-2028
  1. Figure 222:  
  2. GLOBAL PASSENGER CARS MARKET, BY COUNTRY, BY VALUE IN USD, 2016-2028
  1. Figure 223:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 224:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY COUNTRY, 2016 - 2028
  1. Figure 225:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-LATIN AMERICA, BY VOLUME IN UNITS, 2016-2028
  1. Figure 226:  
  2. GLOBAL PASSENGER CARS MARKET, BY REST-OF-LATIN AMERICA, BY VALUE IN USD, 2016-2028
  1. Figure 227:  
  2. GLOBAL PASSENGER CARS MARKET MARKET, SHARE(%), BY SUB BODY TYPE, 2021 - 2028
  1. Figure 228:  
  2. GLOBAL PASSENGER CARS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
  1. Figure 229:  
  2. GLOBAL PASSENGER CARS MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
  1. Figure 230:  
  2. GLOBAL PASSENGER CARS MARKET SHARE(%), BY MAJOR PLAYERS, 2021

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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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
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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
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Passenger Cars Market Research FAQs

The Global Passenger Cars Market size is expected to reach USD 0.96 trillion in 2024 and grow at a CAGR of 9.04% to reach USD 1.48 trillion by 2029.

In 2024, the Global Passenger Cars Market size is expected to reach USD 0.96 trillion.

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

In the Global Passenger Cars Market, the Sports Utility Vehicle segment accounts for the largest share by sub body type.

In 2024, Europe accounts for the largest share by region in the Global Passenger Cars Market.

In 2023, the Global Passenger Cars Market size was estimated at USD 879.35 billion. The report covers the Global Passenger Cars Market historical market size for years: 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Passenger Cars Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Passenger Car Industry Report

Statistics for the 2024 Passenger Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Passenger Car analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Passenger Car Market Report Snapshots

Passenger Cars Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)