Press release
Passenger Car Global Market Report 2025: Booming Growth Engineered by Electric Vehicles, Technological Advancements, and Urbanization
Passenger Car Market Size
What Is The Projected Market Size Of The Global Passenger Car Market And Its Growth Rate?
•The passenger car market size was $1783.28 billion in 2024, set to increase to $1938.92 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%.
•The growth in the historic period resulted from urbanization, economic growth, consumer preferences, fuel efficiency, safety standards, emission regulations, and affordable financing options.
•With ongoing advancements such as electric vehicle adoption and connectivity features, along with sustainable and eco-friendly cars, the market is expected reach a staggering $2574.62 billion in 2029, projecting a CAGR of 7.3%.
What Is Driving The Growth In The Passenger Car Market?
The adoption of electric vehicles (EVs) is fueling the growth of the passenger car market. EVs are powered by an electric motor and a battery that can be charged externally. The demand for passenger cars is gaining momentum due to the affordability of EVs, favorable government policies, environmental concerns, and technological developments. Recent data reveals that in 2023, the sale of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) accounted for 16.3% of the total new light-duty vehicle (LDV) sales in the US. This only reinforces the fact that the increasing adoption of electric vehicles is driving the growth of the passenger car market.
Request A Free Sample Copy:https://www.thebusinessresearchcompany.com/sample.aspx?id=2130&type=smp
Who Are the Key Players Driving Passenger Car Market Growth?
•Volkswagen AG
•Toyoto Motor Corp
•Daimler AG
•Fiat Chrysler Automobiles NV
•Ford Motor Co.
•General Motors Company
•BMW AG
•Honda Motor Co Ltd.
•Hyundai Motor Co. Ltd.
•SAIC Motor Co ltd.
•Groupe PSA
•Tesla Inc.
What Are The Key Trends In The Passenger Car Market?
•Personalization of vehicle interiors
•Lightweight materials for fuel efficiency
•Integration of augmented reality (AR) in head-up displays
•Compact and urban mobility solutions
•Vehicle subscription services
What Are The Segments Of The Global Passenger Car Market?
•By Type: Hatchback, Sedan, Utility Vehicle
•By Fuel Type: Gasoline, Diesel, Other Fuel Types
•By Engine Capacity:
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Passenger Car Global Market Report 2025: Booming Growth Engineered by Electric Vehicles, Technological Advancements, and Urbanization here
News-ID: 3845039 • Views: …
More Releases from The Business Research Company
Foam Tape Industry to Achieve $14.62 Billion Growth by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Foam Tape Market Grow by 2025 in Terms of Size and Growth?
In recent times, there has been significant growth in the market size for foam tape. It is projected to escalate from $10.02 billion in 2024 to $10.77 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
Continuous Positive Airway Pressure (CPAP) Mask Market Expansion Outlook: $3.85 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Continuous Positive Airway Pressure (CPAP) Mask Market from 2024 to 2025?
In recent times, the market size of the continuous positive airway pressure (cpap) mask has seen robust growth. The market is projected to rise from $2.83 billion in 2024 to $3 billion in 2025,…
Alkyd Coating Market to Record 7.5% CAGR Growth Through 2029 | Global Analysis R …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Alkyd Coating Market Outlook: How is the Market Expected to Grow by 2025?
The market size of alkyd coatings has experienced significant growth in the past few years. The market is projected to expand from $25.13 billion in 2024 to $26.74 billion in 2025, exhibiting a compound annual growth rate…
Water Free Skincare Market Analysis: $22.5 Billion by 2029 With a CAGR of 7%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Water Free Skincare Market Value Projection: How Much Will the Market Size by 2025?
The market size of waterless skincare has experienced a robust increase in recent years. The expected growth is from $15.96 billion in 2024 to $17.15 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.…
More Releases for Passenger
Impact of Autonomous Passenger Cars on the Passenger Car Sensors Market Driving …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Passenger Car Sensors Market Size By 2025?
The market size for passenger car sensors has experienced appreciable growth in the past few years. It is projected to expand from a value of $5.41 billion in 2024 to $5.75 billion in 2025, indicating a compound annual…
Surge In Passenger Traffic Fueling Growth In The Passenger Security Market: Key …
The Passenger Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Passenger Security Market Size During the Forecast Period?
The Passenger Security Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This…
Passenger Boarding Bridge Market Expands as Airports Upgrade for Passenger Comfo …
The Passenger Boarding Bridge Market size is expected to grow at more than 10.85% CAGR from 2024 to 2030. It is expected to reach above USD 725.86 million by 2029 from a little above USD 287.23 million in 2023.
On March 26, 2025, Exactitude Consultancy., Ltd. released a research report titled Passenger Boarding Bridge Market 2025-2034 This report offers a new perspective on the Passenger Boarding Bridge Market covering an…
Passenger Car Rental Market Report 2024 - Passenger Car Rental Market Growth, In …
"The Business Research Company recently released a comprehensive report on the Global Passenger Car Rental Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The passenger car rental…
Passenger Ropeway Market
The global passenger ropeway market databook report is a comprehensive and important source of information that provides critical insights into many aspects of the passenger ropeway industry. It examines all key participants, including Leitner Poma , Nippon Cable , Kashiyama Industries , Doppelmayr Seilbahnen GmbH , MND Group , LEITNER Ropeways , Anzen Sakudo , Bartholet Maschinenbau , TATRALIFT, and places a strong emphasis on competitive analysis and the current…
Passenger Journey: Passenger Information System Market Report Explores Size, Sha …
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Business Research Company offers in-depth market insights through Passenger Information System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The passenger information system market size has grown rapidly in recent…
