Global Passenger Car Market 2024-2028

Description

List of Tables

The passenger car market is forecasted to grow by USD 873.26 billion during 2023-2028, accelerating at a CAGR of 7.96% during the forecast period. The report on the passenger car market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing popularity of EVs, rise of ridesharing platforms, and increasing incorporation of electronics in passenger cars.

Technavio's passenger car market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	6.34%
CAGR	7.96%
Incremental Value	$873.26bn

By Type

SUV
Hatchback
Sedan
MPV

By Fuel Type

ICE Vehicles
Hybrid
Electric

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the growing use of 3D printing in passenger cars as one of the prime reasons driving the passenger car market growth during the next few years. Also, increasing advancements in development of autonomous passenger cars and growing collaboration between automakers and tech companies will lead to sizable demand in the market.

The report on the passenger car market covers the following areas:

Passenger car market sizing
Passenger car market forecast
Passenger car market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading passenger car market vendors that include Aston Martin Lagonda Ltd., BMW AG, BYD Co. Ltd., Ford Motor Co., Geely Auto International Corp., General Motors Co., Great Wall Motor Co. Ltd., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mazda Motor Corp., Mercedes Benz Group AG, Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Suzuki Motor Corp., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the passenger car market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77433

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Fuel Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global passenger car market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global passenger car market 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Fuel type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Fuel type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 SUV - Market size and forecast 2023-2028
Exhibit 34: Chart on SUV - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on SUV - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on SUV - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on SUV - Year-over-year growth 2023-2028 (%)
6.4 Hatchback - Market size and forecast 2023-2028
Exhibit 38: Chart on Hatchback - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Hatchback - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Hatchback - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Hatchback - Year-over-year growth 2023-2028 (%)
6.5 Sedan - Market size and forecast 2023-2028
Exhibit 42: Chart on Sedan - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Sedan - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Sedan - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Sedan - Year-over-year growth 2023-2028 (%)
6.6 MPV - Market size and forecast 2023-2028
Exhibit 46: Chart on MPV - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on MPV - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on MPV - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on MPV - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Type
Exhibit 50: Market opportunity by Type ($ billion)
Exhibit 51: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Fuel Type

7.1 Market segments
Exhibit 52: Chart on Fuel Type - Market share 2023-2028 (%)
Exhibit 53: Data Table on Fuel Type - Market share 2023-2028 (%)
7.2 Comparison by Fuel Type
Exhibit 54: Chart on Comparison by Fuel Type
Exhibit 55: Data Table on Comparison by Fuel Type
7.3 ICE Vehicles - Market size and forecast 2023-2028
Exhibit 56: Chart on ICE Vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on ICE Vehicles - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on ICE Vehicles - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on ICE Vehicles - Year-over-year growth 2023-2028 (%)
7.4 Hybrid - Market size and forecast 2023-2028
Exhibit 60: Chart on Hybrid - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Hybrid - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Hybrid - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Hybrid - Year-over-year growth 2023-2028 (%)
7.5 Electric - Market size and forecast 2023-2028
Exhibit 64: Chart on Electric - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Electric - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Electric - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Electric - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Fuel Type
Exhibit 68: Market opportunity by Fuel Type ($ billion)
Exhibit 69: Data Table on Market opportunity by Fuel Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.12 Germany - Market size and forecast 2023-2028
Exhibit 111: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Aston Martin Lagonda Ltd.
Exhibit 123: Aston Martin Lagonda Ltd. - Overview
Exhibit 124: Aston Martin Lagonda Ltd. - Product / Service
Exhibit 125: Aston Martin Lagonda Ltd. - Key offerings
12.4 BYD Co. Ltd.
Exhibit 126: BYD Co. Ltd. - Overview
Exhibit 127: BYD Co. Ltd. - Business segments
Exhibit 128: BYD Co. Ltd. - Key news
Exhibit 129: BYD Co. Ltd. - Key offerings
Exhibit 130: BYD Co. Ltd. - Segment focus
12.5 Ford Motor Co.
Exhibit 131: Ford Motor Co. - Overview
Exhibit 132: Ford Motor Co. - Business segments
Exhibit 133: Ford Motor Co. - Key news
Exhibit 134: Ford Motor Co. - Key offerings
Exhibit 135: Ford Motor Co. - Segment focus
12.6 Geely Auto International Corp.
Exhibit 136: Geely Auto International Corp. - Overview
Exhibit 137: Geely Auto International Corp. - Product / Service
Exhibit 138: Geely Auto International Corp. - Key offerings
12.7 General Motors Co.
Exhibit 139: General Motors Co. - Overview
Exhibit 140: General Motors Co. - Business segments
Exhibit 141: General Motors Co. - Key news
Exhibit 142: General Motors Co. - Key offerings
Exhibit 143: General Motors Co. - Segment focus
12.8 Honda Motor Co. Ltd.
Exhibit 144: Honda Motor Co. Ltd. - Overview
Exhibit 145: Honda Motor Co. Ltd. - Business segments
Exhibit 146: Honda Motor Co. Ltd. - Key news
Exhibit 147: Honda Motor Co. Ltd. - Key offerings
Exhibit 148: Honda Motor Co. Ltd. - Segment focus
12.9 Hyundai Motor Co.
Exhibit 149: Hyundai Motor Co. - Overview
Exhibit 150: Hyundai Motor Co. - Business segments
Exhibit 151: Hyundai Motor Co. - Key news
Exhibit 152: Hyundai Motor Co. - Key offerings
Exhibit 153: Hyundai Motor Co. - Segment focus
12.10 Mercedes Benz Group AG
Exhibit 154: Mercedes Benz Group AG - Overview
Exhibit 155: Mercedes Benz Group AG - Business segments
Exhibit 156: Mercedes Benz Group AG - Key offerings
Exhibit 157: Mercedes Benz Group AG - Segment focus
12.11 Renault SAS
Exhibit 158: Renault SAS - Overview
Exhibit 159: Renault SAS - Product / Service
Exhibit 160: Renault SAS - Key offerings
12.12 Stellantis NV
Exhibit 161: Stellantis NV - Overview
Exhibit 162: Stellantis NV - Business segments
Exhibit 163: Stellantis NV - Key news
Exhibit 164: Stellantis NV - Key offerings
Exhibit 165: Stellantis NV - Segment focus
12.13 Suzuki Motor Corp.
Exhibit 166: Suzuki Motor Corp. - Overview
Exhibit 167: Suzuki Motor Corp. - Business segments
Exhibit 168: Suzuki Motor Corp. - Key offerings
Exhibit 169: Suzuki Motor Corp. - Segment focus
12.14 Tata Motors Ltd.
Exhibit 170: Tata Motors Ltd. - Overview
Exhibit 171: Tata Motors Ltd. - Business segments
Exhibit 172: Tata Motors Ltd. - Key news
Exhibit 173: Tata Motors Ltd. - Key offerings
Exhibit 174: Tata Motors Ltd. - Segment focus
12.15 Tesla Inc.
Exhibit 175: Tesla Inc. - Overview
Exhibit 176: Tesla Inc. - Business segments
Exhibit 177: Tesla Inc. - Key news
Exhibit 178: Tesla Inc. - Key offerings
Exhibit 179: Tesla Inc. - Segment focus
12.16 Toyota Motor Corp.
Exhibit 180: Toyota Motor Corp. - Overview
Exhibit 181: Toyota Motor Corp. - Business segments
Exhibit 182: Toyota Motor Corp. - Key offerings
Exhibit 183: Toyota Motor Corp. - Segment focus
12.17 Volkswagen AG
Exhibit 184: Volkswagen AG - Overview
Exhibit 185: Volkswagen AG - Business segments
Exhibit 186: Volkswagen AG - Key offerings
Exhibit 187: Volkswagen AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 188: Inclusions checklist
Exhibit 189: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 190: Currency conversion rates for US$
13.4 Research methodology
Exhibit 191: Research methodology
Exhibit 192: Validation techniques employed for market sizing
Exhibit 193: Information sources
13.5 List of abbreviations
Exhibit 194: List of abbreviations