Global Passenger Cars Expected To Register 7.3% Of CAGR Over 2016-2020

Date: 2016-11-24

Passenger Cars are the most common transportation to deliver passengers to destinations nowadays, according to report, global Passenger Cars is expected to register 7.3% of CAGR over 2016-2020.

Worldwide automobile production exceed 90 million in 2015, and 93 million automobiles expected be produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015, under increasing production of vehicles, global Passenger Cars is expected to register 7.3% of CAGR over 2016-2020.

In terms of geography, the Europe is one of the world’s largest producers of, and market for, passenger cars. Cars are the number one source of mobility in Europe. Over 70% of journeys are made by car – be it private car, taxi or car-sharing. 25% of all cars in the world are manufactured in the European Union (16 million units). 12.2 million people – or 5.6% of the EU work force – are employed in the automotive sector. The European car industry is a global player with exports of cars resulting in a trade balance surplus of €100.4 billion.

In the demanding region, the developing countries is hitting the highest growth rate around the world, the regions such as China, China is the world largest demanding market for the passenger cars as their steady improvement in macroeconomic conditions and the subsequent rise in consumer demand.

The global top passenger car manufacturers like Bayerische Motoren Werke AG, Daimler AG, Fiat Chrysler Automobiles N.V, Ford Motor Company, General Motors Company

Passenger Cars market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 510-400-8520


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