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Passenger Car Market: Size, Share 2021 By Worldwide Industry Growth, and Forecast 2030

Lokisha N
Passenger Car Market: Size, Share 2021 By Worldwide Industry Growth, and Forecast 2030

Passenger Car Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the passenger car industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected passenger car market growth numbers 2021-2030.

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The Passenger Car Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global passenger car market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Passenger Car Global Market Report 2021 covers passenger car market drivers, passenger car market trends, passenger car market growth rate, passenger car market major players, player-adopted strategies in the market, and passenger car market size.

The global passenger car market is expected to grow from $1321.74 billion in 2020 to $1445.1 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1988.72 billion in 2025 at a CAGR of 8%.

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The report covers the passenger car market segments-

1) By Type: Hatchback, Sedan, Utility Vehicle

2) By Fuel Type: Gasoline, Diesel, Others

3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc

4) By Propulsion Type: IC Engine, Electric Vehicle

About The Business Research Company: 

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.  

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Lokisha N
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