The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global passenger cars market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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.
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:
Breakup by Fuel Type:
Breakup by Engine Capacity:
Breakup by Propulsion Type:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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)|
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at