Global Passenger Car Market Set to Surge to $2.38 Trillion by 2028: Report

Tuesday, March 19, 2024

The latest market analysis from The Business Research Company, updated to include the newest market size figures for 2024 and forecasts up to 2033, is now available.

The “2024 Global Market Report on Passenger Cars” from The Business Research Company offers an exhaustive examination of the sector, encompassing every aspect of the market. According to the company’s predictions, the market for passenger cars is expected to expand to $2,378.21 billion by 2028, growing at a compound annual growth rate (CAGR) of 7.7%.

This expansion is primarily attributed to the increasing popularity of electric vehicles, with the Asia-Pacific region poised to dominate the market share. Key companies operating within this space include Volkswagen AG, Toyota Motor Corp, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Company, and BMW AG.

Segmentation of the Passenger Car Market:

• By Vehicle Type: Hatchback, Sedan, Utility Vehicle
• By Fuel: Gasoline, Diesel, Other
• By Engine Size: Less than 1000 cc, 1000-1500 cc, 1500-2000 cc, More than 2000 cc
• By Propulsion: Internal Combustion Engine, Electric Vehicle
• By Region: Market division includes North America, South America, Asia-Pacific, Eastern Europe, Western Europe, the Middle East, and Africa.

A passenger car is defined as a motor vehicle primarily designed for the transport of persons, with seating for no more than nine individuals, including the driver.

Contents of the Market Report:

1. Overview
2. Characteristics of the Passenger Car Market
3. Trends and Strategies in the Passenger Car Market
4. Economic Background of the Passenger Car Market
5. Market Size and Growth Projections
   …
6. Analysis of Market Competitors and Company Profiles
7. Major Market Mergers and Acquisitions
8. Future Market Projections and Opportunities
9. Supplementary Information

Read More On The Passenger Car Global Market Report At:
https://www.thebusinessresearchcompany.com/report/passenger-car-global-market-report

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