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

Market Overview:

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.

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?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Passenger Cars Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Hatchback
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sedan
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Utility Vehicle
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Fuel Type
    7.1    Gasoline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Diesel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Engine Capacity
    8.1    < 1000 cc
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    < 1000-1500 cc
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    < 1500-2000 cc
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    >2000 cc
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Propulsion Type
    9.1    IC Engine
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Electric Vehicle
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Bayerische Motoren Werke AG
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Ford Motor Company
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    General Motors Company
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Groupe Renault
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Honda Motor Co. Ltd.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    Hyundai Motor Company
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Mercedes-Benz Group AG
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Tata Motors Limited
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Tesla Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Toyota Motor Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Volkswagen AG
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Passenger Cars Market: Major Drivers and Challenges
Figure 2: Global: Passenger Cars Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Passenger Cars Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Passenger Cars Market: Breakup by Type (in %), 2021
Figure 5: Global: Passenger Cars Market: Breakup by Fuel Type (in %), 2021
Figure 6: Global: Passenger Cars Market: Breakup by Engine Capacity (in %), 2021
Figure 7: Global: Passenger Cars Market: Breakup by Propulsion Type (in %), 2021
Figure 8: Global: Passenger Cars Market: Breakup by Region (in %), 2021
Figure 9: Global: Passenger Cars (Hatchback) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Passenger Cars (Hatchback) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Passenger Cars (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Passenger Cars (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Passenger Cars (Utility Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Passenger Cars (Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Passenger Cars (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Passenger Cars (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Passenger Cars (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Passenger Cars (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Passenger Cars (Other Fuel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Passenger Cars (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Passenger Cars (< 1000 cc) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Passenger Cars (< 1000 cc) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Passenger Cars (< 1000-1500 cc) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Passenger Cars (< 1000-1500 cc) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Passenger Cars (< 1500-2000 cc) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Passenger Cars (< 1500-2000 cc) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Passenger Cars (>2000 cc) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Passenger Cars (>2000 cc) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Passenger Cars (IC Engine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Passenger Cars (IC Engine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Passenger Cars (Electric Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Passenger Cars (Electric Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Passenger Cars Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Passenger Cars Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: Passenger Cars Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Global: Passenger Cars Industry: SWOT Analysis
Figure 83: Global: Passenger Cars Industry: Value Chain Analysis
Figure 84: Global: Passenger Cars Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Passenger Cars Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Passenger Cars Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Passenger Cars Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 4: Global: Passenger Cars Market Forecast: Breakup by Engine Capacity (in Million US$), 2022-2027
Table 5: Global: Passenger Cars Market Forecast: Breakup by Propulsion Type (in Million US$), 2022-2027
Table 6: Global: Passenger Cars Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Passenger Cars Market: Competitive Structure
Table 8: Global: Passenger Cars Market: Key Players


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