Passenger Car Global Market Report 2022

Major companies in the passenger car market include Toyota Motor Corp, Volkswagen AG, Honda Motor Co Ltd, Ford Motor Co, Fiat Chrysler Automobiles NV, Hyundai Motor Co Ltd, EXOR Group, Nissan Motor Co Ltd, Daimler AG, and SAIC Motor Co ltd.

The global passenger car market is expected to grow from $1,367.59 billion in 2021 to $1,517.42 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The market is expected to grow to $2,229.15 billion in 2026 at a compound annual growth rate (CAGR) of 10.1%.

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 main types in the passenger car market include hatchback, sedan, utility vehicle.A hatchback is referred to as a car that is configured with a swing to provide access to a cargo area.

The various fuel types include gasoline, diesel, and others. The various engine capacity are <1000 cc, <1000-1500 cc, <1500-2000 and cc; >2000 cc. The various propulsion types include IC engines and electric vehicles.

Asia Pacific was the largest region in the passenger car market in 2021.Western Europe was the second-largest region in the passenger car market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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.

The countries covered in the passenger car market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.