Passenger Cars Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Passenger Cars Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A6164
Buy Now

Market Overview:

The global passenger cars market is expected to exhibit a CAGR of 8.50% during 2022-2027.

A passenger car is a motor vehicle designed for the transportation of people with a maximum seating capacity of nine, including the driver. It comprises electric-powered cars and vehicles, mini vans, sports utility vehicles, motorcycles, motor scooters, bicycles, vans, and light and pickup trucks. It relies on lubricating oils to protect low-temperature deposits, corrosion, wear and tear, oxidation, and high-temperature deposits. It assists in covering distances between home, work, educational institutions, and shopping and leisure facilities. In addition, it offers enhanced performance, mechanics, engine, aerodynamics, autonomous control, and entertainment.

Passenger Cars Market Trends:

The growing adoption of advanced driver assistance systems (ADAS), such as night vision, driver alertness, and adaptive cruise control, to avoid accidents represents one of the key factors driving the market. Besides this, there is a rise in the demand for electric vehicles (EVs) as they do not produce greenhouse gases and harmful emissions. This, along with the burgeoning automobile industry, is contributing to the growth of the market. Moreover, key market players are extensively investing in research and development (R&D) activities to meet real-time customer needs to remain competitive in the industry. They are also focusing on developing passenger cars with high ground clearance, sturdy vehicles, and powerful engines, which is positively influencing the market. In addition, the rising integration of all-EV charging station systems with the internet of things (IoT) and real-time information solutions to provide data about the availability of vacant spots and nearby charging stations is propelling the growth of the market. Apart from this, the escalating demand for heavy and luxury vehicles, along with the increasing number of diesel-operated vehicles, is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global passenger cars market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, fuel type, engine capacity and propulsion type.

Breakup by Type:

  • Hatchback
  • Sedan
  • Utility Vehicle
     

Breakup by Fuel Type:

  • Gasoline
  • Diesel
  • Others
     

Breakup by Engine Capacity:

  • < 1000 cc
  • < 1000-1500 cc
  • < 1500-2000 cc
  • >2000 cc
     

Breakup by Propulsion Type:

  • IC Engine
  • Electric Vehicle
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bayerische Motoren Werke AG, Ford Motor Company, General Motors Company, Groupe Renault, Honda Motor Co. Ltd., Hyundai Motor Company, Mercedes-Benz Group AG, Tata Motors Limited, Tesla Inc., Toyota Motor Corporation and Volkswagen AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Fuel Type, Engine Capacity, Propulsion Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bayerische Motoren Werke AG, Ford Motor Company, General Motors Company, Groupe Renault, Honda Motor Co. Ltd., Hyundai Motor Company, Mercedes-Benz Group AG, Tata Motors Limited, Tesla Inc., Toyota Motor Corporation and Volkswagen AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global passenger cars market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global passenger cars market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the engine capacity?
  • What is the breakup of the market based on the propulsion type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global passenger cars market and who are the key players?
  • What is the degree of competition in the industry?

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Passenger Cars Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Clients Testimonial

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More