The Passenger Cars Market is segmented by Vehicle Configuration (Passenger Cars), by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Region (Asia-Pacific, Europe, North America, South America). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

The India Passenger Car Market is segmented by Vehicle Configuration (Passenger Cars) and by Propulsion Type (Hybrid and Electric Vehicles, ICE). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Global passenger car sales reached 65.3 million units in 2023, marking a significant 11.3 percent increase from the previous year. This rebound in the automotive market comes after several years of fluctuations, including a sharp decline in 2020 due to the COVID-19 pandemic. China maintained its position as the world's largest regional market for automobiles, with sales of nearly 26.1 million units in 2023. European market dynamics and electrification trends In the European Union, Volkswagen emerged as the top-selling brand in 2024. The shift towards electrified vehicles gained momentum. This trend is driven by policies such as the EU's ban on new fossil-fuel car sales from 2035. Norway, despite experiencing a sluggish increase in overall passenger car sales, maintained its leadership in electric vehicle adoption. Global industry leaders and market challenges Toyota and Volkswagen continue to dominate the global automotive industry in terms of revenue and vehicle sales. The industry has faced significant challenges in recent years, including the global automotive chip shortage and raw material price increases. China has emerged as a key player, both as a major market and as a source of competition for established manufacturers. The trend towards electric and autonomous vehicles is reshaping the industry, with companies like Tesla delivering 1.81 million vehicles in 2023, though still far behind traditional automakers like Volkswagen Group.

Concerning the 12 selected segments, the segment SUVs has the largest number of vehicle sales by make with 7,715,835 vehicles. Contrastingly, Mini Cars is ranked last, with 30,485 vehicles. Their difference, compared to SUVs, lies at 7,685,350 vehicles. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Slovakia regarding volume in the Passenger Cars market as a whole and a ranking of subsegments in the Philippines regarding revenue in the Passenger Cars market as a whole. The Statista Market Insights cover a broad range of additional markets.

Explore the Passenger Car Market trends! Covers key players, growth rate 7.3% CAGR, market size $2574.62 Billion, and forecasts to 2034. Get insights now!

At about 23.56 million units, China remained the largest market for passenger car sales in 2022. According to the source, passenger cars are motor vehicles with at least four wheels, used for the transport of passengers, and comprising no more than eight seats in addition to the driver's seat. Hence, the figures do not include light trucks.

Pandemic causes sales slump across all markets

Worldwide, passenger car sales have been slowly increasing. Car sales started falling dramatically during the 2008-2009 economic crisis and re-entered a sales slump at the end of 2018. Sales slumped in 2020 due to the outbreak of Covid-19 and related measures to curb the spread of the coronavirus. However, despite the impact of the semiconductor chip shortage on vehicle production, global car sales have slowly increased in 2021 and 2022. This growth is however still behind the sales volume recorded in 2019, before the onset of the pandemic. Spotlight on the largest markets
In Europe, about 75 percent of new passenger car registrations occur in the largest markets, which include Germany, France, the United Kingdom, Italy, and Spain. Despite a slowdown in demand in 2020, China has seen the largest increases in passenger vehicle sales between 2005 and 2020, growing from 3.97 million units to some 20 million units. During this time period, leading original equipment manufacturers (OEMs) like General Motors or Volkswagen enjoyed rising sales trends not just in China, but across all Asian markets. China, Japan, Germany, India, and the United States are ranked among the world’s largest car markets. These countries are home to many of the major motor vehicle manufacturers, including theworld’s largest automakers in 2022.

The South America Passenger Cars Market is segmented by Vehicle Configuration (Passenger Cars), by Propulsion Type (Hybrid and Electric Vehicles, ICE) and by Country (Argentina, Brazil). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

Latin America Passenger Vehicle Market is segmented by Vehicle Type (Hatchback, Sedan, and Sports Utility Vehicle), Fuel Type (Gasoline, Diesel, and Electric), and Country (Brazil, Argentina, Mexico, and Rest of Latin America).

The global Passenger Vehicle HVAC market size is expected to grow from USD 10,045 million in 2019 to USD 17,745 million by 2026, at a CAGR of 9% from 2020-2026

Key information about Burkina Faso Motor Vehicle Sales: Passenger Cars

• Burkina Faso Motor Vehicle Sales: Passenger Cars was reported at 537.000 Unit in Dec 2019.
• This stayed constant from the previous number of 537.000 Unit for Dec 2018.
• Burkina Faso Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 537.000 Unit from Dec 2005 to 2019, with 15 observations.
• The data reached an all-time high of 1,800.000 Unit in 2016 and a record low of 376.000 Unit in 2017.
• Burkina Faso Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

The market is segmented by Vehicle type (Construction Equipment, Mining Equipment, Agricultural Machinery, Trucks, and Others) and by Country (China, Japan, India, South Korea, Australia, and the Rest of Asia-Pacific). The report offers market size, volume, and forecast for all the above segments.

Global Air Spring For Passenger Vehicle Market Size By Product Type, By Technology, By Sales Channel, By Geographic Scope And Forecast

The Brazil Passenger Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils )

In 2024, the number of passenger vehicles sold in Israel was expected to reach to 256,400. This reflected a slight decrease compared to the previous year. By 2029, passenger car retailers in the country are forecast to sell 347,100 units a year.

Key information about Argentina Motor Vehicle Sales: Passenger Cars

• Argentina Motor Vehicle Sales: Passenger Cars was reported at 274,728.000 Unit in Dec 2023.
• This records an increase from the previous number of 260,822.000 Unit for Dec 2022.
• Argentina Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 432,696.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 684,379.000 Unit in 2013 and a record low of 232,112.000 Unit in 2020.
• Argentina Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

The global passenger vehicle tools market was valued at XXX million in 2025 and is projected to reach XXX million by 2033, growing at a CAGR of XX% from 2025 to 2033. The growth of the market is attributed to the increasing demand for passenger vehicles and the rising popularity of DIY (Do-It-Yourself) projects. The increasing number of passenger vehicles on the road is driving the demand for tools such as wrenches, screwdrivers, and pliers. Additionally, the growing popularity of DIY projects is also contributing to the growth of the market as more people are opting to repair and maintain their vehicles themselves. The market is segmented by application and type. By application, the market is divided into repair and maintenance, assembly, and manufacturing. By type, the market is divided into hand tools, power tools, and pneumatic tools. The hand tools segment is expected to hold the largest market share during the forecast period due to their versatility and affordability. The power tools segment is expected to grow at the highest CAGR during the forecast period due to their increased efficiency and effectiveness. The pneumatic tools segment is expected to account for a small share of the market due to their higher cost and complexity. The major players in the market include Klein Tools, Stanley, Rooster Products International, Ergodyne, Custom Leathercraft, Lenox Industrial Tools, Hitachi, Atlas Copco, Apex Tool Group, Toku, Makita, Paslode, Snap-on, Bosch, SENCO, P&F Industries, Ingersoll Rand, Dynabrade, and URYU SEISAKU. Passenger vehicle tools are specialized tools designed for the maintenance, repair, and diagnostic work on passenger vehicles. These tools are essential for both professional mechanics and do-it-yourself enthusiasts who work on their own vehicles. The global passenger vehicle tools market is expected to grow significantly in the coming years due to the increasing number of vehicles on the road, rising demand for vehicle maintenance and repair services, and technological advancements in the automotive industry.

The Russian passenger car market shrank to $41.7B in 2024, declining by -10.5% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $50.7B in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.

In 2024, the Dutch passenger car market increased by 2% to $12.3B, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2024: its value increased at an average annual rate of +1.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +7.1% against 2022 indices.

Significant fluctuations are estimated for all segments over the forecast period for the number of vehicle sales by make. Nevertheless, the number of vehicle sales by make is expected to be notably the highest in the segment SUVs throughout the entire forecast period. For example, this segment achieves a maximum value of 11.1 million vehicles, which is significantly higher than the average of other highest values, amounting to 3.8 million vehicles. Find further statistics on other topics such as a comparison of the revenue by make in Japan and a comparison of the average price in Bhutan. The Statista Market Insights cover a broad range of additional markets.

The Colombia Passenger Vehicles Lubricants Market is segmented by Product Type ( Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils )