Passenger Cars

China

Highlights
Market definition
in-scope / out-of-scope
Reports special
  • Revenue in the Passenger Cars market is projected to reach US$425,693.6m in 2021.
  • From an international perspective it is shown that most revenue will be generated in China (US$425,694m in 2021).
Mini CarsSmall CarsMedium CarsLarge CarsExecutive CarsMinivansSmall SUVsLarge SUVs
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The Automotive Market provides information about passenger cars, including economy and family, sports and luxury cars as well as minivans and SUVs. It excludes motorcycles, buses, trucks and large vans as well as utility light utility vehicles We based our market segmentation on several factors, including physical properties (mass, volume, footprint = (front track width + rear track width)/2 x wheelbase, etc.) and consumer base (pricing, status, etc.).

Background:
The automotive industry has a long history of innovation in design, modernization in manufacturing and reimagining of marketing strategies. In the past decades it has grown into an essential economic segment of developed countries concerning market value, employment, research and development, manufacturing and trade.
The automotive industry’s sales are closely connected to economic stability and dramatic fluctuations, like the financial crisis of the late 2000s, force manufactures to reexamine their strategies and adapt to new market trends. Two additional factors, that are currently driving changes in the industry, are environmental concerns - influencing research into alternative fuel types, as well as digitization – pushing research efforts in the development of connected and autonomous cars.

in-scope
  • Passenger cars
  • Sports cars
  • SUVs
  • MPVs
out-of-scope
  • Motorcycles, Buses and Trucks
  • Commercial Vans (included for the U.S. market only)
  • Pickup trucks (included for the U.S. market only)
In-depth: eMobility 2020

In-depth: eMobility 2020

Statista Mobility Market Outlook
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Vehicle Sales by segment (2021)
-4.2% yoy
18,760.12t
Revenue by segment (2021)
-5.9% yoy
US$425,693.6m
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Vehicle Sales by segment Vehicle Sales by make Revenue by segment Revenue by make Average Price Potential new car buyers - by age Global Comparison Key Market Indicators
Prices & Access

Vehicle Sales by segment

in the Passenger Cars market in thousand vehicles

Reading Support Passenger Cars unit sales are expected to reach 18,256.12t in 2023.

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Vehicle Sales by make:

The box shows vehicle sales of the selection (market segment, region) for each year.

A definition and detailed explanation of the displayed markets can be found here. ×

Vehicle Sales by make

in the Passenger Cars market in percent

Reading Support With a vehicle sales share of 11.2% in 2021, Volkswagen is expected to have one of the highest market share in the selected region.

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Vehicle Sales:

The box shows market share of vehicle sales by make for the selection (market segment, region) in the current year.

A definition and detailed explanation of the displayed markets can be found here. ×

Analyst Opinion

The Passenger Cars market is generally influenced by the distribution of wealth within a country or region and serves as a good indicator when it comes to financial stability: car sales slowing down might indicate that the country’s economy is gradually entering a recession period.

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Revenue by segment

in the Passenger Cars market in million US$

Reading Support Revenue in the Passenger Cars market is projected to reach US$425,693.6m in 2021.

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Revenue:

The box shows the forecasted revenue development of the selection (market segment, region, make).

A definition and detailed explanation of the displayed markets can be found here. ×

Revenue by make

in the Passenger Cars market in percent

Reading Support The value market share of the make Volkswagen in the selected region is expected to stand at 11.7% in 2021.

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Revenue:

The box shows market share of revenues, earned through vehicle sales, by make for the selection (market segment, region) in the current year.

A definition and detailed explanation of the displayed markets can be found here. ×

Average Price

in the Passenger Cars market in US$

Reading Support The volume weighted average price of Passenger Cars is expected to amount to US$22,691 in 2021.

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Average Price:

The box shows the volume weighted average price per car in the selection(market segment, region, make) for each year.

A definition and detailed explanation of the displayed markets can be found here. ×

Potential new car buyers - by age Potential new car buyers - by gender Potential new car buyers - by income

in the Passenger Cars market in percent in percent in percent

Reading Support In the year 2020 a share of 37.0% of persons who consider buying a new car is 25-34 years old. Reading Support In the year 2020 a share of 53.0% of persons who consider buying a new car is male. Reading Support In the year 2020 a share of 44.7% of persons who consider buying a new car is in the high income group.

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  • Potential new car buyers - by age
  • Potential new car buyers - by gender
  • Potential new car buyers - by income
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Potential new car buyers by age:

The Potential new car buyers by age box shows the age distribution of persons of the selected market (market segment, region) in age groups. The data is based on Statista's Global Consumer Survey.

Potential new car buyers by gender:

The Potential new car buyers by gender box shows the gender distribution of persons of the selected market (market segment, region). The data is based on Statista's Global Consumer Survey.

Potential new car buyers by income:

The Potential new car buyers by income box shows the income distribution of persons of the selected market (market segment, region) in tertiles. The data is based on Statista's Global Consumer Survey. Values shown are only based on survey respondents who answered the question regarding their income.

A definition and detailed explanation of the displayed markets can be found here. ×

Global Comparison - Revenue

in the Passenger Cars market in million US$

Reading Support With a projected market volume of US$425,694m in 2021, most revenue will be generated in China.

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Top 5
1. China
2. United States
3. Japan
4. Germany
5. India
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Global Comparison – Revenue:

The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year.

A definition and detailed explanation of the displayed markets can be found here. ×
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Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

2014201520162017201820192020202120222023 CAGR
(2014-2023)
Population in m
Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
0-14 years in m
Number of individuals (age 0-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
15-24 years in m
Number of individuals (age 15-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
25-34 years in m
Number of individuals (age 25-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
35-44 years in m
Number of individuals (age 35-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
45-54 years in m
Number of individuals (age 45-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
55+ years in m
Number of individuals (age 55 and older) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices
Consumer spending, per capita (current prices)
Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices
Transport
Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices
Consumer price index (CPI)
Consumer price index (CPI) for a weighted basket of goods and services. The weights of the components vary by country according to local consumption patterns. The base year (100) has been set to 2017 for all countries, the base year of the input data may vary. | Source: Statista, based on IMF WEOD
Price level (U.S.=100)
Estimated price level index for all goods and services for individual private consumption (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data (GDP deflator). The indicator is valued at the current exchange rate of the respective year versus the US$. Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices
Transport
Estimated price level index for transport (U.S.=100). This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . The indicator is valued at the current exchange rate of the respective year versus the US$. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices
Recreation, culture
Estimated price level index for recreation and culture (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . The indicator is valued at the current exchange rate of the respective year versus the US$. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices
Mobility
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Cars per 1,000 capita
Number of passenger cars in the selected region in relation to the total population | Source: Statista, based on OICA
Passenger km (road) in pkm
Total movement of passengers on roads using inland transport on a given network. Data are expressed in passenger-kilometres per-capita, which represents the transport of each one passenger on a distance of one kilometre. | Source: Statista, based on OECD
Passenger km (rail) in pkm
Total movement of passengers by rail using inland transport on a given network, data are expressed in passenger-kilometres per capita, which represents the transport of each one passenger on a distance of one kilometre | Source: Statista, based on OECD
Air passengers in m
Number of passengers carried by air transport in the selected region | Source: Statista, based on ICAO, World Bank
International trade
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Trade (% of GDP) in %
Sum of exports and imports of goods and services in relation to total gross domestic product (GDP) | Source: Statista, based on World Bank, OECD
Households in m
The indicator shows the total number of private households in the selected region. Households denote residential communties of people living and keeping house together. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. | Source: Statista, based on national and international statistical offices
Urban population share in %
Estimated share of the total population in the selected region living in urban areas | Source: Statista, based on UN DESA and national statistical offices
GDP, per capita (current prices)
Gross domestic product (in current prices, constant exchange rate) of the selected region per capita | Source: Statista, based on IMF, World Bank, European Commission, OECD, ADB
Source: Statista, January 2021
Source: Statista, January 2021, based on IMF, World Bank, UN and Eurostat

Methodology

We collect over 32 million data points from various sources, including but not limited to company reports and websites, vehicle registries, car dealers, and environment agencies. The data is modelled and forecasted using machine learning techniques in combination with the experience and knowledge of a team of international analysts, in order to produce the best market estimates and predictions. 

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For the Passenger Cars market, our analysts create reports with detailed comparisons and important background information. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe.

  • All the important data on the Passenger Cars market, including market size and forecasts
  • Comparison of key regions and countries
  • Detailed information about manufacturers
In-depth: eMobility 2020
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