Report Update: Nov 1, 2024

World - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

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Passenger car market

Passenger car market: read the latest statistics secured by an Ai-driven market intelligence tool. Info provide consumption, market prices, trade, exports, imports, production, market size, and companies. There is a breakdown by country, including the Middle East, Russia, Africa, China, Latin America, the U.S., the U.K., and EU. Market trends and forecast to 2030 are also featured in the dashboards.

Passenger Car - World's Largest Markets

Rating	Country
1	Dominican Republic
2	United States
3	China
4	Japan
5	Indonesia

In value terms, the largest passenger car markets worldwide were the Dominican Republic, the United States and China, with a combined 46% share of the global market.

In terms of the main consuming countries, the Dominican Republic (+1,765.3% per year) saw the highest growth rate of market size, over the period under review, while passenger car market for the other global leaders experienced more modest paces of growth.

Passenger Car Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
India	5875	5754	5685	-1.6%
Germany	16055	14573	15558	-1.6%
France	14842	13640	15760	3.0%
Spain	15141	14421	15945	2.6%
South Korea	20525	20479	16308	-10.9%
Czech Republic	16229	16154	17232	3.0%
Japan	16759	17596	18802	5.9%
Belgium	16439	16483	19078	7.7%
Mexico	15200	16652	20163	15.2%
United States	21184	19920	21220	0.1%
Slovakia	17256	17870	21245	11.0%
Canada	21503	21279	21905	0.9%
United Kingdom	25101	23910	25569	0.9%
Average	16764	16246	17307	1.6%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the UK ($25,569 per unit), while India ($5,685 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per unit			CAGR, 2018-2020
China	16475	15575	24085	20.9%
Germany	20409	21131	22567	5.2%
United States	22066	21772	22214	0.3%
Canada	18030	20842	20404	6.4%
Belgium	18585	18169	19650	2.8%
France	16017	17060	18150	6.5%
United Kingdom	17141	17281	18068	2.7%
Italy	16953	16529	17839	2.6%
Greece	9535	9479	1214	-64.3%
Dominican Republic	19875	11752	49	-95.0%
Average	17599	17661	11969	-17.5%

Prices varied noticeably by the country of destination; the country with the highest price was China ($24,085 per unit), while the Dominican Republic ($49 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Passenger Car - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	167	165	132	-11.2%
Germany	59	66	51	-6.8%
China	40	41	39	-1.7%
France	36	35	31	-7.3%
United Kingdom	42	39	25	-22.2%

In value terms, the United States ($132.1B) constitutes the largest market for imported passenger cars worldwide, comprising 24% of global imports. The second position in the ranking was occupied by Germany ($51.3B), with a 9.4% share of global imports. It was followed by China, with a 7.1% share.

In the United States, passenger car imports declined by an average annual rate of -11.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Germany (-6.8% per year) and China (-1.7% per year).

Passenger Car - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Germany	144	132	96	-18.2%
Japan	87	79	60	-17.2%
Mexico	45	48	39	-6.7%
United States	46	46	34	-13.8%
Canada	39	38	30	-12.5%

In value terms, Germany ($96.1B), Japan ($59.7B) and Mexico ($39.3B) constituted the countries with the highest levels of exports in 2020, together comprising 38% of global exports. The United States, Canada, Spain, South Korea, Belgium, the UK, the Czech Republic, Slovakia, France and India lagged somewhat behind, together accounting for a further 42%.

Belgium recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Passenger Car - Market Forecast

Driven by increasing demand for passenger car worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Passenger Car - Top Companies

TOYOTA MOTOR CORPORATION, VOLKSWAGEN AG, Ford Motor Company, General Motors Company, HONDA MOTOR CO., LTD., SAIC Motor Corporation Limited, FIAT CHRYSLER AUTOMOBILES N.V., NISSAN MOTOR CO.,LTD., FCA US LLC, AUDI AG, PSA AUTOMOBILES SA, Kia Motors Corporation, RENAULT SAS, TATA MOTORS LIMITED, Faw-Volkswagen Automotive Co., Ltd., SUZUKI MOTOR CORPORATION, FCA ITALY SPA, MAZDA MOTOR CORPORATION, Subaru Corporation, FCA North America Holdings LLC

Passenger Car - Product Coverage

HS 870321 - Vehicles; with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
HS 870322 - Vehicles; with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc
HS 870323 - Vehicles; with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc
HS 870324 - Vehicles; with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 3000cc
HS 870331 - Vehicles; with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity not over 1500cc
HS 870332 - Vehicles; with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc
HS 870333 - Vehicles; with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 2500cc
HS 870390 - Vehicles; for transport of persons (other than those of heading no. 8702) n.e.s. in heading no. 8703, including station wagons and racing cars

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global passenger car market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023