Global Passenger Vehicles Market Size, Share, Growth Analysis Report - Forecast 2034
Passenger Vehicles Market By Vehicle Type (Hatchback, Sedan, SUV, MPV, Coupe, Convertible), By Fuel Type (Petrol, Diesel, Electric, Hybrid, CNG, LPG), By Propulsion Type (ICE, Hybrid, Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), By Transmission (Manual, Automatic), By Sales Channel (OEM, Aftermarket), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034
Category: Automotive Report Format : PDF
Pages: 207 Report Code: ZMR-7330
Published Date: Jun-2025 Status : Published
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 1705.17 Billion | USD 3237.09 Billion | 6.62% | 2024 |
Table Of Content
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Passenger Vehicles Market Market, (2023 - 2030) ( USD Trillion)
- 2.2 Global Passenger Vehicles Market Market : snapshot
- Chapter 3. Global Passenger Vehicles Market Market - Industry Analysis
- 3.1 Passenger Vehicles Market Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increasing demand for passenger vehicles drives the market growth
- 3.3 Market Restraints
- 3.3.1. The emergence of ride-sharing platforms acts as a major restraint for the market growth
- 3.4 Market Opportunities
- 3.4.1. The increasing population coupled with growing urbanization is expected to offer a significant opportunity
- 3.5 Market Challenges
- 3.5.1. Shifting consumer preference poses a major challenge to the market growth
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Fuel Type
- 3.7.2 Market attractiveness analysis By Vehicle Type
- Chapter 4. Global Passenger Vehicles Market Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Passenger Vehicles Market Market: company market share, 2022
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Passenger Vehicles Market Market - Fuel Type Analysis
- 5.1 Global Passenger Vehicles Market Market overview: By Fuel Type
- 5.1.1 Global Passenger Vehicles Market Market share, By Fuel Type, 2022 and 2030
- 5.2 Petrol
- 5.2.1 Global Passenger Vehicles Market Market by Petrol, 2023 - 2030 ( USD Trillion)
- 5.3 Diesel
- 5.3.1 Global Passenger Vehicles Market Market by Diesel, 2023 - 2030 ( USD Trillion)
- 5.4 Hybrid
- 5.4.1 Global Passenger Vehicles Market Market by Hybrid, 2023 - 2030 ( USD Trillion)
- 5.5 Electric
- 5.5.1 Global Passenger Vehicles Market Market by Electric, 2023 - 2030 ( USD Trillion)
- 5.1 Global Passenger Vehicles Market Market overview: By Fuel Type
- Chapter 6. Global Passenger Vehicles Market Market - Vehicle Type Analysis
- 6.1 Global Passenger Vehicles Market Market overview: By Vehicle Type
- 6.1.1 Global Passenger Vehicles Market Market share, By Vehicle Type, 2022 and 2030
- 6.2 Hatchback
- 6.2.1 Global Passenger Vehicles Market Market by Hatchback, 2023 - 2030 ( USD Trillion)
- 6.3 Sedan
- 6.3.1 Global Passenger Vehicles Market Market by Sedan, 2023 - 2030 ( USD Trillion)
- 6.4 SUV
- 6.4.1 Global Passenger Vehicles Market Market by SUV, 2023 - 2030 ( USD Trillion)
- 6.5 MPV
- 6.5.1 Global Passenger Vehicles Market Market by MPV, 2023 - 2030 ( USD Trillion)
- 6.1 Global Passenger Vehicles Market Market overview: By Vehicle Type
- Chapter 7. Passenger Vehicles Market Market - Regional Analysis
- 7.1 Global Passenger Vehicles Market Market Regional Overview
- 7.2 Global Passenger Vehicles Market Market Share, by Region, 2022 & 2030 ( USD Trillion)
- 7.3. North America
- 7.3.1 North America Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.3.1.1 North America Passenger Vehicles Market Market, by Country, 2023 - 2030 ( USD Trillion)
- 7.3.1 North America Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.4 North America Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030
- 7.4.1 North America Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030 ( USD Trillion)
- 7.5 North America Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030
- 7.5.1 North America Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030 ( USD Trillion)
- 7.4. Europe
- 7.4.2 Europe Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.4.2.1 Europe Passenger Vehicles Market Market, by Country, 2023 - 2030 ( USD Trillion)
- 7.4.2 Europe Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.4 Europe Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030
- 7.4.1 Europe Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030 ( USD Trillion)
- 7.5 Europe Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030
- 7.5.1 Europe Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030 ( USD Trillion)
- 7.5. Asia Pacific
- 7.5.3 Asia Pacific Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.5.3.1 Asia Pacific Passenger Vehicles Market Market, by Country, 2023 - 2030 ( USD Trillion)
- 7.5.3 Asia Pacific Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.4 Asia Pacific Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030
- 7.4.1 Asia Pacific Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030 ( USD Trillion)
- 7.5 Asia Pacific Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030
- 7.5.1 Asia Pacific Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030 ( USD Trillion)
- 7.6. Latin America
- 7.6.4 Latin America Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.6.4.1 Latin America Passenger Vehicles Market Market, by Country, 2023 - 2030 ( USD Trillion)
- 7.6.4 Latin America Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.4 Latin America Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030
- 7.4.1 Latin America Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030 ( USD Trillion)
- 7.5 Latin America Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030
- 7.5.1 Latin America Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030 ( USD Trillion)
- 7.7. The Middle-East and Africa
- 7.7.5 The Middle-East and Africa Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.7.5.1 The Middle-East and Africa Passenger Vehicles Market Market, by Country, 2023 - 2030 ( USD Trillion)
- 7.7.5 The Middle-East and Africa Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 7.4 The Middle-East and Africa Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030
- 7.4.1 The Middle-East and Africa Passenger Vehicles Market Market, by Fuel Type, 2023 - 2030 ( USD Trillion)
- 7.5 The Middle-East and Africa Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030
- 7.5.1 The Middle-East and Africa Passenger Vehicles Market Market, by Vehicle Type, 2023 - 2030 ( USD Trillion)
- Chapter 8. Company Profiles
- 8.1 Daimler AG
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 General Motors
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 AUDI AG
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 TOYOTA MOTOR CORPORATION
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Ford Motor Company
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Groupe PSA
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 SAIC Motor Corporation Limited
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Tesla
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Groupe Renault
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 BMW AG
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Hyundai Motor Company
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 BYD Company Ltd.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Continental AG
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 Kia Motors Corporation
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Nissan Motor Co. LTD.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Volkswagen AG
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 AB Volvo and Honda Motor Co. Ltd. among others.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.1 Daimler AG
Table Of Figures
- 1. Market research Type
- 2. Market research methodology
- 3. Global Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 4. Porter’s Five Forces Analysis
- 5. Global Passenger Vehicles Market Market attractiveness, By Fuel Type
- 6. Global Passenger Vehicles Market Market attractiveness, By Vehicle Type
- 7. Global Passenger Vehicles Market Market share by Fuel Type, 2023 and 2030 ( USD Trillion)
- 8. Global Passenger Vehicles Market Market by Petrol, 2023 - 2030 ( USD Trillion)
- 9. Global Passenger Vehicles Market Market by Diesel, 2023 - 2030 ( USD Trillion)
- 10. Global Passenger Vehicles Market Market by Hybrid, 2023 - 2030 ( USD Trillion)
- 11. Global Passenger Vehicles Market Market by Electric, 2023 - 2030 ( USD Trillion)
- 12. Global Passenger Vehicles Market Market share by Vehicle Type, 2023 and 2030 ( USD Trillion)
- 13. Global Passenger Vehicles Market Market by Hatchback, 2023 - 2030 ( USD Trillion)
- 14. Global Passenger Vehicles Market Market by Sedan, 2023 - 2030 ( USD Trillion)
- 15. Global Passenger Vehicles Market Market by SUV, 2023 - 2030 ( USD Trillion)
- 16. Global Passenger Vehicles Market Market by MPV, 2023 - 2030 ( USD Trillion)
- 17. Global Passenger Vehicles Market Market share, by Region, 2023 and 2030
- 18. North America Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 19. Europe Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 20. Asia Pacific Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 21. Latin America Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
- 22. The Middle-East and Africa Passenger Vehicles Market Market, 2023 - 2030 ( USD Trillion)
Table Of Tables
- 1. Global Passenger Vehicles Market Market: Snapshot
- 2. Drivers of the Passenger Vehicles Market Market: impact analysis
- 3. North America Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 4. North America Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 5. U.S. Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 6. U.S. Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 7. Canada Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 8. Canada Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 9. Europe Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 10. Europe Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 11. Germany Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 12. Germany Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 13. France Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 14. France Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 15. U.K. Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 16. U.K. Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 17. Italy Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 18. Italy Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 19. Spain Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 20. Spain Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 21. Rest of Europe Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 22. Rest of Europe Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 23. Asia Pacific Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 24. Asia Pacific Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 25. China Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 26. China Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 27. Japan Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 28. Japan Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 29. India Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 30. India Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 31. South Korea Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 32. South Korea Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 33. South-East Asia Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 34. South-East Asia Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 35. Rest of Asia Pacific Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 36. Rest of Asia Pacific Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 37. Latin America Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 38. Latin America Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 39. Brazil Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 40. Brazil Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 41. Mexico Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 42. Mexico Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 43. Rest of Latin America Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 44. Rest of Latin America Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 45. The Middle-East and Africa Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 46. The Middle-East and Africa Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 47. GCC Countries Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 48. GCC Countries Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 49. South Africa Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 50. South Africa Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
- 51. Rest of Middle-East Africa Passenger Vehicles Market Market revenue, By Fuel Type, 2023 - 2030 ( USD Trillion)
- 52. Rest of Middle-East Africa Passenger Vehicles Market Market revenue, By Vehicle Type, 2023 - 2030 ( USD Trillion)
Methodology
FrequentlyAsked Questions
Automobiles or cars, usually referred to as passenger vehicles, are types of motor vehicles developed primarily for transporting people. These vehicles are utilized in personal and family transportation and commute to work and recreational activities. These vehicles come in numerous sizes, styles, and models, used for various needs and preferences including hatchbacks, SUVs, Sedans, and Others.
The global passenger vehicles market is expected to grow due to rising middle-class income, demand for personal mobility, and increasing focus on electric and fuel-efficient vehicles.
According to a study, the global passenger vehicles market size was worth around USD 1705.17 Billion in 2024 and is expected to reach USD 3237.09 Billion by 2034.
The global passenger vehicles market is expected to grow at a CAGR of 6.62% during the forecast period.
Asia-Pacific is expected to dominate the passenger vehicles market over the forecast period.
Leading players in the global passenger vehicles market include Daimler AG, General Motors, AUDI AG, TOYOTA MOTOR CORPORATION, Ford Motor Company, Groupe PSA, SAIC Motor Corporation Limited, Tesla, Groupe Renault, BMW AG, Hyundai Motor Company, BYD Company Ltd., Continental AG, Kia Motors Corporation, Nissan Motor Co. LTD., Volkswagen AG, AB Volvo and Honda Motor Co. Ltd. among others., among others.
The report explores crucial aspects of the passenger vehicles market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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