Passenger Car Market 2024-2028
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overview_1
Incremental Growth2024-2028 (US$bn)

$ 873.26

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2024 Year-over-Year Growth

6.34%

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CAGR (2024-2028)

7.96%

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Report Coverage

Global

Passenger Car Market Segmentation

Market Segmentation & Scope
Type
SUV Hatchback Sedan MPV
Fuel Type
ICE Vehicles Hybrid Electric

Geography

Europe

UK France Germany

APAC

China India Japan South Korea

North America

US Canada

South America

Brazil

Middle East and Africa

UAE

Market Segment by Geographic Landscape

regional_img

55%

of the growth will originate

from APAC

Global Market Size 2018 - 2028 (US$ Bn)

Market is segmented by Type into SUV, Hatchback, Sedan, MPV

The SUV is expected to be largest growing segment during 2024-2028

Largest Segment - Suv

US$ 3,685.81 Bn

Passenger Car Market by Type into SUV; 2018-2028 (US$ Bn)

SUV Market Revenue and Forecast 2018-2028 (US$ Bn)

SUV

  • SUV Market Size and Forecast 2018 to 2028 (US$ Bn)

Passenger Car Market by Type into Hatchback; 2018-2028 (US$ Bn)

Hatchback Market Revenue and Forecast 2018-2028 (US$ Bn)

Hatchback

  • Hatchback Market Size and Forecast 2018 to 2028 (US$ Bn)

Passenger Car Market by Type into Sedan; 2018-2028 (US$ Bn)

Sedan Market Revenue and Forecast 2018-2028 (US$ Bn)

Sedan

  • Sedan Market Size and Forecast 2018 to 2028 (US$ Bn)

Passenger Car Market by Type into MPV; 2018-2028 (US$ Bn)

MPV Market Revenue and Forecast 2018-2028 (US$ Bn)

MPV

  • MPV Market Size and Forecast 2018 to 2028 (US$ Bn)

Market is segmented by Fuel Type into ICE Vehicles, Hybrid, Electric

The ICE Vehicles is expected to be largest growing segment during 2024-2028

Largest Segment - Ice vehicles

US$ 3,854.57 Bn

Passenger Car Market Size by Segmentation, by Fuel Type (US$ Bn)

Fuel Type 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
ICE Vehicles XX XX XX XX XX XX XX XX XX XX XX
Hybrid 464.21 XX XX XX XX XX XX XX XX XX XX XX
Electric XX 371.52 XX XX XX XX XX XX XX XX XX XX

Passenger Car Market by Fuel Type into ICE Vehicles; 2018-2028 (US$ Bn)

ICE Vehicles Market Revenue and Forecast 2018-2028 (US$ Bn)

ICE Vehicles

  • ICE Vehicles Market Size and Forecast 2018 to 2028 (US$ Bn)

Passenger Car Market by Fuel Type into Hybrid; 2018-2028 (US$ Bn)

Hybrid Market Revenue and Forecast 2018-2028 (US$ Bn)

Hybrid

  • Hybrid Market Size and Forecast 2018 to 2028 (US$ Bn)

Passenger Car Market by Fuel Type into Electric; 2018-2028 (US$ Bn)

Electric Market Revenue and Forecast 2018-2028 (US$ Bn)

Electric

  • Electric Market Size and Forecast 2018 to 2028 (US$ Bn)

Market is segmented by Geography into APAC, Europe, North America, Middle East and Africa, South America

The APAC is estimated to contribute 55% to the growth of global market during the forecast period 2024-2028.

Largest Segment - APAC

55%

Regional share of different regions, including APAC, Europe, North America, Middle East and Africa

Region 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
APAC 768.24 XX XX XX XX XX XX XX XX XX XX XX
Europe XX 386.64 XX XX XX XX XX XX XX XX XX XX
North America XX XX 246.58 XX XX XX XX XX XX XX XX XX
Middle East and Africa XX XX XX 89.52 93.26 XX XX XX XX XX XX XX
South America XX XX XX XX XX XX XX XX XX XX XX XX

Passenger Car Market Size by Geography into APAC; 2018-2028 (US$ Bn)

APAC Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Country into China; 2018-2028 (US$ Bn)

China Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Country into India; 2018-2028 (US$ Bn)

India Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Country into Japan; 2018-2028 (US$ Bn)

Japan Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Geography into Europe; 2018-2028 (US$ Bn)

Europe Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Country into Germany; 2018-2028 (US$ Bn)

Germany Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Geography into North America; 2018-2028 (US$ Bn)

North America Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Country into US; 2018-2028 (US$ Bn)

US Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Bn)

Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Bn)

Passenger Car Market Size by Geography into South America; 2018-2028 (US$ Bn)

South America Market Revenue and Forecast 2018-2028 (US$ Bn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
Aston Martin Lagonda Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BMW AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BYD Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Ford Motor Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Geely Auto International Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Motors Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Great Wall Motor Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Honda Motor Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Hyundai Motor Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mahindra and Mahindra Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mazda Motor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mercedes Benz Group AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Renault SASView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SAIC Motor Corp. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Stellantis NVView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Suzuki Motor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Tata Motors Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Tesla Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Toyota Motor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Volkswagen AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Passenger Car Market Scope

  1. By Type
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Type, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Type, 2024 to 2028
      1. SUV
      2. Hatchback
      3. Sedan
      4. MPV
    4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Type, 2024 to 2028
  2. By Fuel Type
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Fuel Type, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Fuel Type, 2024 to 2028
      1. ICE Vehicles
      2. Hybrid
      3. Electric
    4. Y-o-Y Growth Trend Analysis By Fuel Type, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Fuel Type, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ billion) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ billion) Analysis and Forecast By Region, 2024 to 2028
      1. APAC
      2. Europe
      3. North America
      4. Middle East and Africa
      5. South America
  4. APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Country
      1. China
      2. India
      3. Japan
    4. By Type
    5. By Fuel Type
  5. Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Country
      1. Germany
    4. By Type
    5. By Fuel Type
  6. North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Country
      1. US
    4. By Type
    5. By Fuel Type
  7. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Type
    4. By Fuel Type
  8. South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ billion) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ billion) Forecast By Market, 2024 to 2028
    3. By Type
    4. By Fuel Type

Major Companies

Market companies

Name Profile Employees Headquarters Website
Aston Martin Lagonda Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BMW AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
BYD Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Ford Motor Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Geely Auto International Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Motors Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Great Wall Motor Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Honda Motor Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Hyundai Motor Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mahindra and Mahindra Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mazda Motor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mercedes Benz Group AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Renault SASView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
SAIC Motor Corp. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Stellantis NVView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Suzuki Motor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Tata Motors Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Tesla Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Toyota Motor Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Volkswagen AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
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