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Global Passenger Car Market to Reach $1.7 Billion by 2023 - Analysis on GM, Volkswagen, Toyota, Hyundai, Ford, Nissan, Groupe PSA, Honda, Renault, and many more - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "Global Passenger Car Market - by Type, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The global passenger car market will reach 1,703.7 billion USD by 2023 from 1,394 billion USD in 2017 with a CAGR of 3.4% during the period.

The emerging vehicle financing market has been encouraging the passenger vehicles industry wherein the customers are provided loans to own the vehicle. Increasing automobile sales and demand for hybrid vehicles drive the market growth. However, Increasing raw material prices is one of the greatest concerns for the passenger vehicles market.

Asia-Pacific will be leading the market due to growing population and increasing per capita income. North America and Europe will grow at a significant rate due to increasing electric vehicle demand and development of hybrid technologies.

Industry Trends & Updates

  • Boston officials granted approval to nuTonomy, a Boston-based autonomous vehicle company, to begin testing their self-driving cars on all city roads.
  • Renault plans to invest more than 1 billion euros to increase electric vehicle production capacity in France and add new models.

Companies Featured

  • General Motors
  • Volkswagen
  • Toyota
  • Hyundai
  • Ford
  • Nissan
  • Groupe PSA
  • Honda
  • Suzuki
  • Renault
  • Tesla
  • Fiat Chrysler
  • BMW
  • Mazda
  • Mitsubishi
  • nuTonomy

Key Topics Covered

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Passenger Car Market Segmentation, Forecasts and Trends - by Type

6. Global Passenger Car Market Segmentation, Forecasts and Trends - by Region

7. Company Market Share Analysis

8. Company Profiles

9. Industry Structure

10. Global Passenger Car Market - The Road Ahead

For more information about this report visit https://www.researchandmarkets.com/research/m5h269/global_passenger?w=4