by The global passenger vehicles market size accounted for US$ 1.74 Trn in 2022 and is projected to reach around USD 3.44 Trn by 2032, growing at a CAGR of 7.06% from 2023 to 2032.
Report Summary
The global passenger vehicles market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the passenger vehicles market across the globe.
A comprehensive estimate on the passenger vehicles market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of passenger vehicles during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Passenger Vehicles Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 1.86 Trillion |
| Market Size by 2032 | USD 3.44 Trillion |
| Growth Rate from 2023 to 2032 | CAGR of 7.06% |
| Largest Market | North America |
| Fastest Growing Market | Asia-Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Body, By Application and By Fuel Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized passenger vehicles market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
Also Read: Digital Identity Solutions Market Size To Cross USD 24.4 Bn By 2032
Passenger Vehicles Market Players
The report includes the profiles of key passenger vehicles market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Major companies operating in this area
- Ford Motor Company (US)
- General Motors (US)
- AUDI AG (Germany)
- Kia Motors Corporation (South Korea)
- Groupe Renault (France)
- Groupe PSA (France)
- SAIC Motor Corporation Limited (China)
- Tesla (US)
- Daimler AG (Germany)
- BMW AG (Germany)
- Hyundai Motor Company (South Korea)
- BYD Company Ltd. (China)
- Continental AG (Germany)
- TOYOTA MOTOR CORPORATION (Japan)
- Nissan Motor Co., LTD. (Japan)
- Volkswagen AG (Germany)
- AB Volvo (Sweden)
- Honda Motor Co., Ltd. (Japan)
Market Segmentation
By Type
- Compact
- Midsize
- Premium
- Luxury
- Others
By Body
- MPV
- SUV
- Hatchback
- Sedan
- Others
By Application
- Personal
- Commercial
- Electric
By Fuel Type
- Petrol
- Diesel
- CNG
- EV
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Passenger Vehicles Market
5.1. COVID-19 Landscape: Passenger Vehicles Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Passenger Vehicles Market, By Type
8.1. Passenger Vehicles Market Revenue and Volume Forecast, by Type, 2023-2032
8.1.1. Compact
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Midsize
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Premium
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. Luxury
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Passenger Vehicles Market, By Body
9.1. Passenger Vehicles Market Revenue and Volume Forecast, by Body, 2023-2032
9.1.1. MPV
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. SUV
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Hatchback
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Sedan
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Passenger Vehicles Market, By Application
10.1. Passenger Vehicles Market Revenue and Volume Forecast, by Application, 2023-2032
10.1.1. Personal
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Commercial
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Electric
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Passenger Vehicles Market, By Fuel Type
11.1. Passenger Vehicles Market Revenue and Volume Forecast, by Fuel Type, 2023-2032
11.1.1. Petrol
11.1.1.1. Market Revenue and Volume Forecast (2020-2032)
11.1.2. Diesel
11.1.2.1. Market Revenue and Volume Forecast (2020-2032)
11.1.3. CNG
11.1.3.1. Market Revenue and Volume Forecast (2020-2032)
11.1.4. EV
11.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 12. Global Passenger Vehicles Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.1.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.5.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.1.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.5.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.1.6.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.1.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.1.6.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.2.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.5.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.2.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.5.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.6.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.2.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.6.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.7.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.2.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.7.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.2.8.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.2.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.2.8.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.3.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.5.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.3.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.5.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.6.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.3.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.6.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.7.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.3.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.7.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.3.8.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.3.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.3.8.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.4.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.5.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.4.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.5.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.6.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.4.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.6.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.7.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.4.7.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.7.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.4.8.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.4.8.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.4.8.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.5.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.5.5.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.5.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
12.5.6.2. Market Revenue and Volume Forecast, by Body (2020-2032)
12.5.6.3. Market Revenue and Volume Forecast, by Application (2020-2032)
12.5.6.4. Market Revenue and Volume Forecast, by Fuel Type (2020-2032)
Chapter 13. Company Profiles
13.1. Ford Motor Company (US)
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. General Motors (US
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. AUDI AG (Germany)
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Kia Motors Corporation (South Korea)
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Groupe Renault (France)
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Groupe PSA (France)
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. SAIC Motor Corporation Limited (China)
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Tesla (US)
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Daimler AG (Germany)
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. BMW AG (Germany)
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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