Market Overview:
The global middle and large passenger car market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury cars, rising disposable income of consumers, and technological advancements in the automotive industry. In terms of type, the middle passenger car segment is expected to dominate the global market during the forecast period owing to its high demand from developing countries such as China and India. However, with increasing urbanization and growing income levels in developed countries such as Europe and North America, there is an increase in demand for large passenger cars as well. In terms of application, online sales are projected to be one of the fastest-growing segments during the forecast period owing to increased penetration of internet users globally coupled with rising preference for buying products online.
Product Definition:
A middle or large passenger car is a type of automobile that is larger and has more seating capacity than a small passenger car. These cars are often used for transporting groups of people, such as families or business associates. The size and seating capacity of these cars can be important factors when choosing one for personal use or for commercial purposes.
Middle Passenger Car:
Middle Passenger Car (MPC) is a vehicle that can be used for the transportation of more than five persons but less than nine persons including the driver. MPC’s are generally used to carry passengers from their origin to their destination and back, however some models are also equipped with pickup capabilities thereby allowing them to serve as a source of transport for groups of people.
Large Passenger Car:
Large passenger car is defined as a road vehicle with seating capacity for more than five individuals. The term “passenger” is used to define two or more persons riding in a single vehicle. A large passenger car can be classified into three types: standard, extended and high-roof cars.
Application Insights:
The online sales segment dominated the global market in 2017. This is attributed to the growing preference of consumers for purchasing vehicles through online channels as they offer convenience and ease of access. The independent retailer also accounted for a significant share in 2017 owing to increasing penetration of this channel across countries, such as India, China and Australia. However, large passenger car manufacturers are increasingly collaborating with e-commerce platforms to increase their presence on internet pages and provide better visibility on search engines resulting in higher sales. For instance, Mercedes Benz has partnered with Amazon to open virtual showrooms allowing customers from across the world to experience Mercedes cars even before buying them. Such initiatives by automakers are expected to boost market growth over forecast years.
Regional Analysis:
The Asia Pacific is projected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing disposable income, rising employment opportunities, and expanding middle-class population in countries such as China and India. Moreover, supportive government policies for manufacturing vehicles are expected to drive industry demand over the coming years.
North America was estimated at around 23 million units in 2017 and is anticipated to witness steady growth over the next eight years owing to a well-established automotive market with high product penetration rates of passenger cars and light commercial vehicles across Mexico, Canada, U.S., and Puerto Rico. Furthermore, favorable government initiatives promoting fuel economy improvements are likely boost sales volume of these vehicles across North America during the forecast period from 2018 to 2030 (estimated).
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 hamper the sales of passenger cars, however, it is also projected to create opportunities for growth in this market over the next decade.
- Introduction of stringent emission norms by various governments across the globe is likely to propel demand for more fuel-efficient and environment-friendly passenger cars over the forecast period.
- Growing preference for luxury and premium vehicles among consumers is expected to result in an increase in sales of high-end passenger cars over the next decade.
Scope Of The Report
Report Attributes
Report Details
Report Title
Middle and Large Passenger Car Market Research Report
By Type
Middle Passenger Car, Large Passenger Car
By Application
Independent Retailers, Online Sales, Others
By Companies
BMW, Toyota, Ford, Cadillac, NISSAN, Jaguar Land Rover, Volvo, Honda, Tesla, Audi, Mercedes Benz, General
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Middle and Large Passenger Car Market Report Segments:
The global Middle and Large Passenger Car market is segmented on the basis of:
Types
Middle Passenger Car, Large Passenger Car
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
Independent Retailers, Online Sales, 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:
- BMW
- Toyota
- Ford
- Cadillac
- NISSAN
- Jaguar Land Rover
- Volvo
- Honda
- Tesla
- Audi
- Mercedes Benz
- General
Highlights of The Middle and Large Passenger Car 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:
- Middle Passenger Car
- Large Passenger Car
- By Application:
- Independent Retailers
- Online Sales
- 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 Middle and Large Passenger Car 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?
A middle and large passenger car is a type of automobile that seats at least six passengers. These cars typically have larger engines and more room inside than smaller cars. They are also more expensive to buy and maintain, so they are usually reserved for people who need extra space or transportation that is not available on buses or trains.
Some of the major companies in the middle and large passenger car market are BMW, Toyota, Ford, Cadillac, NISSAN, Jaguar Land Rover, Volvo, Honda, Tesla, Audi, Mercedes Benz, General.
The middle and large passenger car market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Middle and Large Passenger Car Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Middle and Large Passenger Car Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Middle and Large Passenger Car Market - Supply Chain
4.5. Global Middle and Large Passenger Car Market Forecast
4.5.1. Middle and Large Passenger Car Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Middle and Large Passenger Car Market Size (000 Units) and Y-o-Y Growth
4.5.3. Middle and Large Passenger Car Market Absolute $ Opportunity
5. Global Middle and Large Passenger Car Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Middle and Large Passenger Car Market Size and Volume Forecast by Type
5.3.1. Middle Passenger Car
5.3.2. Large Passenger Car
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Middle and Large Passenger Car Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Middle and Large Passenger Car Market Size and Volume Forecast by Application
6.3.1. Independent Retailers
6.3.2. Online Sales
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Middle and Large Passenger Car Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Middle and Large Passenger Car Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Middle and Large Passenger Car Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Middle and Large Passenger Car Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Middle and Large Passenger Car Demand Share Forecast, 2019-2026
9. North America Middle and Large Passenger Car Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Middle and Large Passenger Car Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Middle and Large Passenger Car Market Size and Volume Forecast by Application
9.4.1. Independent Retailers
9.4.2. Online Sales
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Middle and Large Passenger Car Market Size and Volume Forecast by Type
9.7.1. Middle Passenger Car
9.7.2. Large Passenger Car
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Middle and Large Passenger Car Demand Share Forecast, 2019-2026
10. Latin America Middle and Large Passenger Car Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Middle and Large Passenger Car Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Middle and Large Passenger Car Market Size and Volume Forecast by Application
10.4.1. Independent Retailers
10.4.2. Online Sales
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Middle and Large Passenger Car Market Size and Volume Forecast by Type
10.7.1. Middle Passenger Car
10.7.2. Large Passenger Car
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Middle and Large Passenger Car Demand Share Forecast, 2019-2026
11. Europe Middle and Large Passenger Car Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Middle and Large Passenger Car Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Middle and Large Passenger Car Market Size and Volume Forecast by Application
11.4.1. Independent Retailers
11.4.2. Online Sales
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Middle and Large Passenger Car Market Size and Volume Forecast by Type
11.7.1. Middle Passenger Car
11.7.2.Large Passenger Car
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Middle and Large Passenger Car Demand Share, 2019-2026
12. Asia Pacific Middle and Large Passenger Car Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Middle and Large Passenger Car Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Middle and Large Passenger Car Market Size and Volume Forecast by Application
12.4.1. Independent Retailers
12.4.2. Online Sales
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Middle and Large Passenger Car Market Size and Volume Forecast by Type
12.7.1. Middle Passenger Car
12.7.2. Large Passenger Car
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Middle and Large Passenger Car Demand Share, 2019-2026
13. Middle East & Africa Middle and Large Passenger Car Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Middle and Large Passenger Car Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Middle and Large Passenger Car Market Size and Volume Forecast by Application
13.4.1. Independent Retailers
13.4.2. Online Sales
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Middle and Large Passenger Car Market Size and Volume Forecast by Type
13.7.1. Middle Passenger Car
13.7.2. Large Passenger Car
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Middle and Large Passenger Car Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Middle and Large Passenger Car Market: Market Share Analysis
14.2. Middle and Large Passenger Car Distributors and Customers
14.3. Middle and Large Passenger Car Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BMW
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toyota
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ford
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cadillac
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NISSAN
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jaguar Land Rover
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volvo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honda
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tesla
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Audi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mercedes Benz
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. General
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
