Global Passenger Car Market Was Valued At USD 1.6 Trillion In 2017

Posted by sainath on August 7th, 2018

Passenger car manufacturing companies manufacture complete automobiles (with body and chassis) or manufacture automobile chassis only.

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The global passenger car market was valued at USD 1.6 trillion in 2017, and is expected to be driven by factors such as increase in disposable income and population. Asia Pacific was the largest geographic region in the market, accounting for over 35% of the global market share.

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China was the largest country in the market, accounting for one-fifth of market share of the global passenger car market share. China was followed by India and Japan as the next largest countries in the market.

The top five competitors in the market are Volkswagen, Toyota, General Motors, Renault-Nissan and Hyundai-Kia.

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