Passenger Cars Market Outlook, Growth Potential, Opportunities & Trends 2022-2027

According to IMARC Group’s latest report, “Passenger Cars Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global passenger cars market size expected to grow at a CAGR of 8.50% during 2022-2027. 

Passenger cars refer to motor vehicles designed for the transportation of people with a maximum seating capability of nine, including the driver. They comprise mini vans, sports utility vehicles, motorcycles, electric-powered cars and vehicles, engine scooters, bicycles, vans, light and pickup trucks, etc. Passenger cars rely on lubricating oils to protect against corrosion, wear and tear, low and high-temperature deposits, and oxidation. They assist in covering distances between work, educational institutions, home, shopping and leisure facilities, etc. In addition, passenger cars also offer enhanced mechanics, engines, aerodynamics, performance, autonomous control, and entertainment. 

Market Trends:

The escalating need for advanced driver assistance systems (ADAS), such as driver alertness, night vision, and adaptive cruise control, to avoid accidents is primarily driving the passenger cars market. Besides this, the elevating demand for electric vehicles (EVs), as they do not produce greenhouse gases and harmful emissions, is further augmenting the market growth. Moreover, the extensive research and development (R&D) activities by the leading manufacturers to meet real-time customer conditions and the launch of passenger cars with high ground clearance, sturdy vehicles, and powerful engines are also catalyzing the global market. In addition, the rising integration of all-EV charging station systems with the internet of things (IoT) and real-time information solutions to provide data about the availability of vacant spots and nearby charging stations is acting as another significant growth-inducing factor. Apart from this, the growing popularity of heavy and luxury vehicles and the increasing number of diesel-operated automobiles are expected to bolster the passenger cars market in the coming years.

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Competitive Landscape with Key Players:

The competitive landscape of the passenger cars market has been studied in the report with the detailed profiles of the key players operating in the market.

Major Players Covered: 

• Bayerische Motoren Werke AG,
• Ford Motor Company
• General Motors Company
• Groupe Renault
• Honda Motor Co. Ltd.
• Hyundai Motor Company
• Mercedes-Benz Group AG
• Tata Motors Limited
• Tesla Inc.
• Toyota Motor Corporation
• Volkswagen AG.

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Hatchback
• Sedan
• Utility Vehicle 

Breakup by Fuel Type:

• Gasoline
• Diesel
• Others

Breakup by Engine Capacity:

• < 1000 cc
• < 1000-1500 cc
• < 1500-2000 cc
• >2000 cc 

Breakup by Propulsion Type:

• IC Engine
• Electric Vehicle 

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Passenger Cars Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

6.1 Hatchback

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Sedan

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Utility Vehicle

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Fuel Type

7.1 Gasoline

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Diesel

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Others

7.3.1 Market Trends

7.3.2 Market Forecast

8 Market Breakup by Engine Capacity

8.1 < 1000 cc

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 < 1000-1500 cc

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 < 1500-2000 cc

8.3.1 Market Trends

8.3.2 Market Forecast

8.4 >2000 cc

8.4.1 Market Trends

8.4.2 Market Forecast

9 Market Breakup by Propulsion Type

9.1 IC Engine

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 Electric Vehicle

9.2.1 Market Trends

9.2.2 Market Forecast

10 Market Breakup by Region

10.1 North America

10.1.1 United States

10.1.1.1 Market Trends

10.1.1.2 Market Forecast

10.1.2 Canada

10.1.2.1 Market Trends

10.1.2.2 Market Forecast

10.2 Asia-Pacific

10.2.1 China

10.2.1.1 Market Trends

10.2.1.2 Market Forecast

10.2.2 Japan

10.2.2.1 Market Trends

10.2.2.2 Market Forecast

10.2.3 India

10.2.3.1 Market Trends

10.2.3.2 Market Forecast

10.2.4 South Korea

10.2.4.1 Market Trends

10.2.4.2 Market Forecast

10.2.5 Australia

10.2.5.1 Market Trends

10.2.5.2 Market Forecast

10.2.6 Indonesia

10.2.6.1 Market Trends

10.2.6.2 Market Forecast

10.2.7 Others

10.2.7.1 Market Trends

10.2.7.2 Market Forecast

10.3 Europe

10.3.1 Germany

10.3.1.1 Market Trends

10.3.1.2 Market Forecast

10.3.2 France

10.3.2.1 Market Trends

10.3.2.2 Market Forecast

10.3.3 United Kingdom

10.3.3.1 Market Trends

10.3.3.2 Market Forecast

10.3.4 Italy

10.3.4.1 Market Trends

10.3.4.2 Market Forecast

10.3.5 Spain

10.3.5.1 Market Trends

10.3.5.2 Market Forecast

10.3.6 Russia

10.3.6.1 Market Trends

10.3.6.2 Market Forecast

10.3.7 Others

10.3.7.1 Market Trends

10.3.7.2 Market Forecast

10.4 Latin America

10.4.1 Brazil

10.4.1.1 Market Trends

10.4.1.2 Market Forecast

10.4.2 Mexico

10.4.2.1 Market Trends

10.4.2.2 Market Forecast

10.4.3 Others

10.4.3.1 Market Trends

10.4.3.2 Market Forecast

10.5 Middle East and Africa

10.5.1 Market Trends

10.5.2 Market Breakup by Country

10.5.3 Market Forecast

11 SWOT Analysis

11.1 Overview

11.2 Strengths

11.3 Weaknesses

11.4 Opportunities

11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview

13.2 Bargaining Power of Buyers

13.3 Bargaining Power of Suppliers

13.4 Degree of Competition

13.5 Threat of New Entrants

13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

15.3.1 Bayerische Motoren Werke AG

15.3.1.1 Company Overview

15.3.1.2 Product Portfolio

15.3.1.3 Financials

15.3.1.4 SWOT Analysis

15.3.2 Ford Motor Company

15.3.2.1 Company Overview

15.3.2.2 Product Portfolio

15.3.2.3 Financials

15.3.2.4 SWOT Analysis

15.3.3 General Motors Company

15.3.3.1 Company Overview

15.3.3.2 Product Portfolio

15.3.3.3 Financials

15.3.3.4 SWOT Analysis

15.3.4 Groupe Renault

15.3.4.1 Company Overview

15.3.4.2 Product Portfolio

15.3.4.3 Financials

15.3.4.4 SWOT Analysis

15.3.5 Honda Motor Co. Ltd.

15.3.5.1 Company Overview

15.3.5.2 Product Portfolio

15.3.5.3 Financials

15.3.5.4 SWOT Analysis

15.3.6 Hyundai Motor Company

15.3.6.1 Company Overview

15.3.6.2 Product Portfolio

15.3.6.3 Financials

15.3.6.4 SWOT Analysis

15.3.7 Mercedes-Benz Group AG

15.3.7.1 Company Overview

15.3.7.2 Product Portfolio

15.3.7.3 Financials

15.3.7.4 SWOT Analysis

15.3.8 Tata Motors Limited

15.3.8.1 Company Overview

15.3.8.2 Product Portfolio

15.3.8.3 Financials

15.3.8.4 SWOT Analysis

15.3.9 Tesla Inc.

15.3.9.1 Company Overview

15.3.9.2 Product Portfolio

15.3.9.3 Financials

15.3.9.4 SWOT Analysis

15.3.10 Toyota Motor Corporation

15.3.10.1 Company Overview

15.3.10.2 Product Portfolio

15.3.10.3 Financials

15.3.10.4 SWOT Analysis

15.3.11 Volkswagen AG

15.3.11.1 Company Overview

15.3.11.2 Product Portfolio

15.3.11.3 Financials

15.3.11.4 SWOT Analysis

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