Market Overview:
The global passenger cars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for public transportation and rising disposable income in developing countries. By type, the minibus segment is expected to lead the global passenger cars market during the forecast period, followed by school bus, motorbus, trolleybus and others segments. By application, public transportation is expected to dominate the global passenger cars market during the forecast period followed by others applications such as tourism and commercial purposes.
Product Definition:
A passenger car is a road vehicle that typically seats four or more passengers, and is used for personal transportation.
Minibus:
Minibus is a type of passenger bus or light commercial vehicle with capacity of carrying more than 9 passengers. Minibuses can be based on dedicated chassis (known as midi buses or cutaway buses) and they are also available on commercial off-the-shelf (COTS) basis.
School Bus:
School bus is a vehicle used to transport children from one place to another. It is designed for carrying more than 25 passengers and has a capacity of seating more than 40 passengers. The school buses are equipped with safety features such as airbags, anti-lock braking system (ABS), electronic stability control (ESC) and tire pressure monitoring system (TPMS).
The global school bus market size was valued at USD 27 billion in 2016.
Application Insights:
The others application segment accounted for the largest revenue share of over 50.0% in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing demand for passenger cars in non-public transportation applications such as logistics, airport shuttle services, and government contracts.
For instance, Eicher Motors has launched a new version of its off-road XUV500 utility vehicle that is primarily designed for transporting up to 15 passengers across rugged terrains. Similarly, Mercedes Benz has introduced several new products under theBenz Vans brand that are designed specifically for military & defense usage across various countries worldwide including Germany, United States of America and Netherlands among others.
Regional Analysis:
Asia Pacific passenger cars market is anticipated to witness significant growth over the forecast period owing to increasing automobile production and sales in countries such as China, India, South Korea, Japan. The region accounted for a share of 36.1% of the total revenue in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030.
The European market was valued at USD X billion in 2017 owing high consumption volumes attained by Germany every year along with other countries including Spain, France etc.
Growth Factors:
- Increasing disposable income of the middle-class population in developing countries is expected to boost the demand for passenger cars over the forecast period.
- Proliferation of ride-sharing services is anticipated to fuel the growth of passenger cars market over the next few years.
- Introduction of stringent emission norms by various governments across the globe is projected to propel demand for more fuel efficient and environment friendly passenger cars in coming years.
- Growing awareness about safety features offered by different car models is likely to stimulate sales growth of passenger cars during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger cars Market Research Report
By Type
Minibus, School Bus, Motorbus, Trolleybus, Others
By Application
Pubic Transportation, Others
By Companies
General Motors, Volkswagen, Toyota, Hyundai, Ford, Nissan, PSA Peugeot Citroen, Honda, Suzuki, Renault, General Motors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Passenger cars Market Report Segments:
The global Passenger cars market is segmented on the basis of:
Types
Minibus, School Bus, Motorbus, Trolleybus, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pubic Transportation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Motors
- Volkswagen
- Toyota
- Hyundai
- Ford
- Nissan
- PSA Peugeot Citroen
- Honda
- Suzuki
- Renault
- General Motors
Highlights of The Passenger cars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Minibus
- School Bus
- Motorbus
- Trolleybus
- Others
- By Application:
- Pubic Transportation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passenger cars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passenger cars are vehicles that seat at least one person and typically have four or more wheels.
Some of the major companies in the passenger cars market are General Motors, Volkswagen, Toyota, Hyundai, Ford, Nissan, PSA Peugeot Citroen, Honda, Suzuki, Renault, General Motors.
The passenger cars market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger cars Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger cars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger cars Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger cars Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger cars Market Size & Forecast, 2018-2028
4.5.1 Passenger cars Market Size and Y-o-Y Growth
4.5.2 Passenger cars Market Absolute $ Opportunity
Chapter 5 Global Passenger cars Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passenger cars Market Size Forecast by Type
5.2.1 Minibus
5.2.2 School Bus
5.2.3 Motorbus
5.2.4 Trolleybus
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger cars Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passenger cars Market Size Forecast by Applications
6.2.1 Pubic Transportation
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger cars Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger cars Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passenger cars Analysis and Forecast
9.1 Introduction
9.2 North America Passenger cars Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passenger cars Market Size Forecast by Type
9.6.1 Minibus
9.6.2 School Bus
9.6.3 Motorbus
9.6.4 Trolleybus
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passenger cars Market Size Forecast by Applications
9.10.1 Pubic Transportation
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passenger cars Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger cars Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passenger cars Market Size Forecast by Type
10.6.1 Minibus
10.6.2 School Bus
10.6.3 Motorbus
10.6.4 Trolleybus
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passenger cars Market Size Forecast by Applications
10.10.1 Pubic Transportation
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passenger cars Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger cars Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passenger cars Market Size Forecast by Type
11.6.1 Minibus
11.6.2 School Bus
11.6.3 Motorbus
11.6.4 Trolleybus
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passenger cars Market Size Forecast by Applications
11.10.1 Pubic Transportation
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passenger cars Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger cars Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passenger cars Market Size Forecast by Type
12.6.1 Minibus
12.6.2 School Bus
12.6.3 Motorbus
12.6.4 Trolleybus
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passenger cars Market Size Forecast by Applications
12.10.1 Pubic Transportation
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passenger cars Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger cars Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passenger cars Market Size Forecast by Type
13.6.1 Minibus
13.6.2 School Bus
13.6.3 Motorbus
13.6.4 Trolleybus
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passenger cars Market Size Forecast by Applications
13.10.1 Pubic Transportation
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passenger cars Market: Competitive Dashboard
14.2 Global Passenger cars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Motors
14.3.2 Volkswagen
14.3.3 Toyota
14.3.4 Hyundai
14.3.5 Ford
14.3.6 Nissan
14.3.7 PSA Peugeot Citroen
14.3.8 Honda
14.3.9 Suzuki
14.3.10 Renault
14.3.11 General Motors
