Multi-Purpose Vehicle (MPV) Market Research Report 2024

Multi-purpose vehicles (MPVs), more commonly known as 'people carriers', are a type of car favoured for their versatility and dependability. Used for both personal and commercial services, these vehicles are ideal for transporting passenger groups of over five people and for moving larger loads of cargo than can generally fit in the boot of a standard saloon.

The global Multi-Purpose Vehicle (MPV) market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

This report aims to provide a comprehensive presentation of the global market for Multi-Purpose Vehicle (MPV), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Multi-Purpose Vehicle (MPV).

Report Scope

The Multi-Purpose Vehicle (MPV) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Multi-Purpose Vehicle (MPV) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Multi-Purpose Vehicle (MPV) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
• Compact MPV (6~7)
• Middle MPV (5~6)
• Mini MPV (Above 5)

By Application
• Commercial Use
• Personal Use

Key Companies
Nissan, Volkswagen, Fiat, BMW, FORD, GM, Toyota, Mercedes-Benz, Chang'an, DongFeng, SAIC, PSA Peugeot Citroen

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This release was published on openPR.