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Passenger Vehicles Market Share

Report ID: GMI7427
Published Date: Nov 2023
Report Format: PDF

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Passenger Vehicles Market Share

Major players operating in the passenger vehicles industry are:

Ford Motor Company
Geely Automobile Holdings Limited
Tesla
SAIC Motor Corporation Limited
Kia
Changan Automobile
BYD Company Ltd.
Changan Automotive
SAIC
Tesla

are few of the companies that hold major market revenue in 2022. Players in the market are fiercely competing for market share by prioritizing sustainable mobility solutions. They leverage incentives, such as government support for eco-friendly vehicles, and invest in cutting-edge technologies to enhance their offerings, gaining a competitive edge in the evolving automotive landscape.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for passenger vehicles was USD 1.45 trillion in 2022 and is expected to register over 9% CAGR from 2023-2032 due to the escalating environmental concerns and regulations worldwide.

The ICE propulsion segment held 50% share of the passenger vehicles industry in 2022 and is expected to register appreciable CAGR from 2023-2032 due to the launch of ICE propulsion vehicles featuring automatic transmission.

Asia Pacific industry size for passenger vehicles reached USD 713.5 billion in 2022 and is expected to register commendable CAGR from 2023-2032 due to the rapid urbanization and robust economic growth in the region.

Ford Motor Company, Geely Automobile Holdings Limited, Tesla, SAIC Motor Corporation Limited, Kia, and Changan Automobile, are some of the major passenger vehicles companies worldwide.