"Market Intelligence for High-Geared Performance"

Passenger Cars Market Size, Share & Industry Analysis, By Fuel Type (Petrol, Diesel, Hybrid, Electric), By Vehicle Type (Hatchback, Sedan, Compact-SUV, SUV) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI105476 | Status : Ongoing



Passenger cars are the most common means of transportation in developed countries. In recent years there been tremendous adoption in advanced technologies such as advanced driver assistance system (ADAS). Adoption of electric vehicle is fuelling the demand for passenger cars. Due to the increase in per capita income, the number of passenger cars in developing countries is also increasing. The passenger car market of a country depends to a large extent on its current economic conditions, which is why the industry dropped during the recession in the United States and Europe. Many passenger car manufacturers, including General Motors, Ford and Chrysler, have had to seek large loans to continue production in a sluggish economy. Rising raw material prices are one of the biggest concerns in the passenger car market. The prices of steel and plastics have soared to high levels recently, leading to an increase in the price of passenger cars to consumers. The passenger car market depends largely on research and development, and its products need to meet real-time customer needs to remain competitive.

Key Market Driver -

Increasing disposable income is expected to drive the growth of the market in the forecast period.

Key Market Restraint -

Fluctuating raw material prices may hamper the growth of the market during the forecast period.

Market Segmentation:

Globally, the Passenger Cars market is segmented by fuel type, by vehicle type and by geographic coverage. Based on fuel type, the market is further segmented into petrol, diesel, hybrid and electric. The electric segment is expected to dominate the market over the forecast period. Various governments across the globe have imposed stringent emission norms on automotive manufacturers to develop emission free vehicles. Adoption of charging infrastructure in various countries is fuelling the demand for electric vehicles. By vehicle type the market is segmented into hatchback, sedan, compact-SUV and SUV. The compact-SUV segment is expected to dominate the market over the forecast period. High ground clearance, sturdy vehicle and powerful engine are the factors that is dominating the compact-SUV segment over the forecast period. Adoption of EV and Hybrid technology is also another factor that is helping to dominate in passenger car market.         

Key Players:

Major players operating in the global Passenger Cars market include General Motors, Volkswagen, Toyota, Hyundai, Ford, Nissan, PSA Peugeot Citroen, Tesla, Honda, Mercedes, BMW, Audi, Daimler, TATA Motors, Kia Motors, Honda, Suzuki, and Renault among others.

Key Insights

  • New Advancements in Passenger Cars

  • Number of Products, Key Countries, 2020

  • New Product Launches, Key Players

Regional Analysis:

Geographically, the Passenger Cars market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific holds the maximum share in the global market and is expected to propel further owing to the rapid adoption of advanced technologies by the automotive industry. Developing and developed countries such as India, China, Japan and South Korea are the largest contributors in the world’s automotive market. In addition, with the rapid urbanization of cities in countries such as India, China, and ASEAN countries, the demand and sales of passenger cars have been increasing. Increasing disposable income of consumers is boosting the demand for passenger cars. The European region recorded the second-largest share. Rising adoption of electric vehicle charging infrastructure is helping to maintain second-largest position in the market. Presence of major key players in this region and rising adoption of advanced technologies is boosting the passenger car market in this region. North America to show a decent growth in the passenger car market.




By Fuel Type

  • Petrol

  • Diesel

  • Hybrid

  • Electric

By Vehicle Type

  • Hatchback

  • Sedan

  • Compact-SUV

  • SUV

By Geography

  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World

  • Ongoing
  • 2022
  • 2019-2021


  • $4850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients


Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.