Passenger Cars - Worldwide | Statista Market Forecast

Revenue in the Passenger Cars market is projected to reach €1,882.00bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 1.19%, resulting in a projected market volume of €1,973.00bn by 2027.
The market's largest segment is SUVs with a projected market volume of €843.50bn in 2023.
Passenger Cars market unit sales are expected to reach 73.87m vehicles in 2027.
The volume weighted average price of Passenger Cars market is expected to amount to €27.27k in 2023.
With a vehicle unit sales share of 0.0% in 2023, Chevrolet is expected to have one of the highest market share in the selected region.
The value market share of the make Audi in the selected region is expected to stand at 0.0% in 2023.
From an international perspective it is shown that the most revenue will be generated in the United States (€540.20bn in 2023).

The Mobility Market Outlook provides information about passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO₂ emissions are accordingly based on the basic models.