DUBLIN--(BUSINESS WIRE)--The "Passenger Car Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
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 market is expected to reach $1988.72 billion in 2025 at a CAGR of 8%.
Passenger Car Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global passenger car market as it emerges from the COVID-19 shut down.
Major companies in the passenger car market include Volkswagen; Toyota; General Motors; Renault-Nissan and Hyundai-Kia.
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 passenger car market consists of sales of passenger cars or passenger car chassis and related services by entities (organizations, sole traders and partnerships) that produce complete automobiles (with body and chassis) or produce automobile chassis only. The passenger car market is segmented into hatchback; sedan and utility vehicle.
Asia Pacific was the largest region in the global passenger car market, accounting for 46% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global passenger car market. Africa was the smallest region in the global passenger car market.
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines.
Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Passenger Car Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Passenger Car Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Passenger Car Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Passenger Car Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Passenger Car Market Trends and Strategies
8. Impact of COVID-19 on Passenger Car
9. Passenger Car Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Passenger Car Market Regional Analysis
10.1. Global Passenger Car Market, 2020, by Region, Value ($ Billion)
10.2. Global Passenger Car Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Passenger Car Market, Growth and Market Share Comparison, by Region
11. Passenger Car Market Segmentation
11.1. Global Passenger Car Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Utility Vehicle
11.2. Global Passenger Car Market, Segmentation by Fuel Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.3. Global Passenger Car Market, Segmentation by Engine Capacity, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
< 1000 cc
< 1000-1500 cc
< 1500-2000 cc
11.4. Global Passenger Car Market, Segmentation by Propulsion Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- IC Engine
- Electric Vehicle
12. Passenger Car Market Metrics
12.1. Passenger Car Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Passenger Car Market Expenditure, 2015-2025, Global
- General Motors
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