The Global Passenger Cars Market size is expected to show a growth of more than 1.7% during the forecast period (2021-2028) and is predicted to reach $261.6 billion by 2028, The increasing demand for public transportation in emerging economies such as India and China would fuel the growth of this market.
Passenger Cars are a class of vehicle that has two or more wheels and is used for transporting passengers. Includes vehicles such as sedans, coupes, hatchbacks, and the like which seat one to four occupants respectively. A passenger car may also refer to an electric wheelchair with accommodation for one person in addition to the driver (although this usage is now outdated).
On the basis of Types, the market is segmented into Minibus, School Bus, Motorbus, Trolleybus, and Others.
A minibus is a vehicle with the passenger compartment and driver's cabin both located at the front of the vehicle. It was originally designed for public transportation or school bus services, but now includes other uses such as tourism.
School buses are a form of public transport and provide school children with safe transportation to and from schools. They come in various sizes - designed according to the size of the student population they serve as well as their age group, which is typically K-12. School buses can be carried by train or bus for long distances before dropping them off at smaller local routes closer to home.
The Motorbus is a type of bus that has an engine. It can be used in public transportation or for other purposes such as school buses, camping vehicles, and sightseeing tours. A motorbus may either have one or two axles, depending on the design specs. The majority of these buses are capable to carry up to 36 passengers at one time with some exceptions reaching 72 seat capacity each.
A trolleybus is a bus that draws power from overhead wires, using the same principles as electric streetcars. It carries more passengers than an ordinary city transit bus not fitted with such equipment, but it cannot be used by people who are unable to climb steep steps or too short for lack of appropriate security arrangements.
On the basis of Application, the market is segmented into Public transportation and Others. The public transportation segment is further sub-segmented into Transit buses, Motorbus, Trolleybus & Other Buses.
The other application section includes camping vehicles, sightseeing tours, etc., which are also known as buses for special use or specific purposes like school buses, trolleys, and others.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is projected to grow significantly during the forecast period owing to factors such as increasing demand for passenger car production and production efficiency due to economies of scale.
The Asia Pacific market is expected to register growth rates considerably higher than that registered by other regions, primarily because China accounts for over one-third (35%) of total global sales volumes.
The growth can be attributed to factors such as increasing vehicle production, rising demand for electric vehicles, and a growing number of start-up companies in the automotive industry. In addition, technological advances are also contributing to this increase which has led to improved fuel efficiency levels and reduced emissions from vehicles as well as increased safety features with advanced driver assistance systems (ADAS) installed in new models. This will have an impact on driving behavior due to changing customer preferences wherein they would prefer cleaner alternatives that use fewer fossil fuels over traditional high emission cars with internal combustion engines or diesel-fuelled ones.
Up Market Research published a new report titled “Passenger cars Market research report which is segmented by Types (Minibus, School Bus, Motorbus, Trolleybus, Others), By Applications (Pubic Transportation, Others), By Players/Companies General Motors, Volkswagen, Toyota, Hyundai, Ford, Nissan, PSA Peugeot Citroen, Honda, Suzuki, Renault”.
|Report Attributes||Report Details|
|Report Title||Passenger cars Market Research Report|
|By Type||Minibus, School Bus, Motorbus, Trolleybus, Others|
|By Application||Pubic Transportation, Others|
|By Companies||General Motors, Volkswagen, Toyota, Hyundai, Ford, Nissan, PSA Peugeot Citroen, Honda, Suzuki, Renault|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||225|
|Number of Tables & Figures||158|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Minibus, School Bus, Motorbus, Trolleybus, Others and By Application Pubic Transportation, Others.
Some of the companies that are profiled in this report are:
Passenger cars Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Passenger cars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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