Highlights
Market definition
in-scope / out-of-scope
Reports special
  • Revenue in the Passenger Cars market amounts to US$436,845m in 2019.
  • From an international perspective it is shown that most revenue is generated in United States (US$615,437m in 2019).
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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 2019

In-depth: eMobility 2019

Statista Mobility Market Outlook
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Vehicle Sales by segment (2019)
+1.8% yoy
15.64m
Revenue by segment (2019)
+3.1% yoy
US$436,845m

Vehicle Sales by segment

in the Passenger Cars market in million vehicles

Reading Support Passenger Cars unit sales are expected to reach 16.01m 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.
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Vehicle Sales by make

in the Passenger Cars market in percent

Reading Support With a vehicle sales share of 10.3% in 2019, Volkswagen has 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.
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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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Fuel/Drive-Type Share

in the Passenger Cars market in percent

Reading Support Diesel cars accounted for 36.29% of sales in 2018.

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Fuel/Drive-Type Share:

The “Fuel/Drive-Type Share” box shows the historical development of propulsion technology of the selected market (market segment, make, region) for each year.

A definition and detailed explanation of the displayed markets can be found here.
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Revenue by segment

in the Passenger Cars market in million US$

Reading Support Revenue in the Passenger Cars market amounts to US$436,845m in 2019.

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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.
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Revenue by make

in the Passenger Cars market in percent

Reading Support The value market share of the make Volkswagen in the selected region stands at 9.2% in 2019.

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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.
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Average Price

in the Passenger Cars market in US$

Reading Support The volume weighted average price of Passenger Cars in 2019 is US$27,928.

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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.
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Global Comparison - Revenue

in the Passenger Cars market in million US$

Reading Support With a market volume of US$615,437m in 2019, most revenue is generated in United States.

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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 demographic, economic and technological development of the selected region on the basis of general KPIs. The calculation of Statista’s Market Outlook is based on a complex market-driver logic including over 400 region-specific data sets.

2014201520162017201820192020202120222023 CAGR
(2014-2023)
Population in m
Number of individuals (all ages) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
0-14 years in m
Number of individuals (age 0-14) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
15-24 years in m
Number of individuals (age 15-24) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
25-34 years in m
Number of individuals (age 25-34) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
35-44 years in m
Number of individuals (age 35-44) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
45-54 years in m
Number of individuals (age 45-54) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
55+ years in m
Number of individuals (age 55 and older) living in the selected region, the data reflect the United Nations' medium variant of World Population Prospects | Source: Statista, based on UN DESA
Consumer spending (current) in US$
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 in US$
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
Mobility
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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
Total number of households in the selected region | Source: Statista
Urban population share in %
Share of population in the selected region living in urban areas | Source: Statista, based on World Bank
GDP (current) in US$
Gross domestic product (in current prices, constant exchange rate) of the selected region per capita | Source: Statista, based on IMF WEOD
Source: Statista, September 2019
Source: Statista, September 2019, 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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