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Cars Market Share

Report ID: GMI6767
Published Date: Sep 2023
Report Format: PDF

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Cars Market Share

The major companies operating in the cars market include

BMW Group
Ford Motor Company
Toyota
Volkswagen
Suzuki
Daimler AG
Hyundai
Nissan
Honda Motor Company

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of cars reached USD 1.55 trillion in 2022 and is set register 10.3% CAGR from 2023 to 2032, due to the growing global population and urbanization along with increasing demand for personal mobility.

The individual end-user segment held over 65% of the market share in 2022, on account of the higher number of consumers increasingly seeking vehicles tailored to their specific needs & preferences along with rising awareness about convenience & safety on roads.

Asia Pacific registered 50% of the market share in 2022, owing to the increasing urbanization, growing middle-class population, and rising disposable incomes in the region.

BMW Group, Ford Motor Company, Toyota, Volkswagen, Suzuki, Daimler AG, Hyundai, Nissan, and Honda Motor Company are some of the major car companies worldwide.