Global Passenger Vehicle Market 2018-2022

Below are some of the key findings from the passenger vehicle market research report

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Global passenger vehicle industry overview

The emerging crossover segment is one of the primary factors that will trigger the growth of the passenger vehicle market in the coming years. The passenger vehicle market is witnessing humungous growth in the crossover segment as they provide better value for money when compared to sedans and SUVs. Moreover, these vehicles also offer enhanced driving pleasure, safety, reliability, and comfort level, resulting in an increased preference for crossovers among various consumer segments. They are light in weight and provide better fuel efficiency than sedans owing to their unibody design. Moreover, crossovers are also highly-efficient in areas prone to extreme weather conditions and are safer than sedans. Such benefits will drive the demand for crossovers, stimulating the growth of this industry.

One of the key trends that will gain traction in the passenger vehicle market is the development of autonomous vehicles. The autonomous vehicle gets investments and projects from major manufacturers including Audi, Daimler, and Bosch, which will commercialize autonomous vehicles in the coming years. In addition to automotive manufacturers, technology companies such as Apple and Google are also investing in autonomous vehicle technologies. Thus, the emerging crossover segment coupled with the development of autonomous vehicles is driving the passenger vehicle market growth at a CAGR of close to 3% during the forecast period.

Top passenger vehicle companies covered in this market research report

The passenger vehicle market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this passenger vehicle industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Ford Motor Company
• General Motors
• Honda Motor
• Hyundai Motor
• Toyota Motor
• Volkswagen

Passenger vehicle market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region accounted for the largest passenger vehicle market share during 2017 owing to the robust automobile demand, stringent emission norms, and technological advancements. This region will witness an increase in its market share and remain the market leader for the next five years.

Passenger vehicle market segmentation based on vehicle type

• Sedans and hatchbacks
• SUVs and crossovers
• MPVs and vans

The sedans and hatchbacks segment will account for the highest growth in the market owing to better fuel efficiency, engine performance, and easy affordability. Additionally, the report also provides an accurate prediction of the contribution of the various vehicle type segments to the growth of the passenger vehicle market size.

Key highlights of the global passenger vehicle market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the passenger vehicle market during the next five years
• Precise estimation of the global passenger vehicle market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the passenger vehicle industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of passenger vehicle companies

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