Passenger Vehicles Market - Global Industry Analysis and Forecast to 2020

Passenger Vehicles Market - Global Industry Analysis and
Forecast to 2020
Persistence Market Research Released New Market Report on “Passenger Vehicles Market -
Global Industry Analysis and Forecast to 2020”.
Passenger vehicles are the most common mode of conveyance in the developed countries and they are
increasing in numbers in the developing countries as well due to increasing per capita income. Passenger
vehicles market in a country is by large dependent on its present economic condition which is why this
industry tumbled down during the U.S. and European recessions. Many of the passenger vehicle
manufacturers including General Motors, Ford and Chrysler had to seek for a heavy sum of loans to
continue manufacturing in the weaker economic situation due to low demands. Passenger vehicles
market can be segmented into four segments namely small, medium, large and premium.
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The demand for Special Utility Vehicles (SUVs) has surged in recent times due to the increasing leisure
and tour activities globally. Small cars are also growing at a fast pace as they find less traffic on the road
as compared to large passenger vehicles. The emerging vehicle financing market has been encouraging
the passenger vehicles industry wherein the customers are provided loans to own the vehicle. Owning a
passenger vehicle is observed as a sign of social status in most of the developing countries, however
nowadays they are being purchased by the middle class families also.
Increasing raw material prices is one of the greatest concerns for the passenger vehicles market. The
prices of iron, steel and plastics have soared to high levels in recent times which have led to an increase
in the price of passenger vehicles to consumers. Passenger vehicles market is largely dependent on
research and development where their products need to deliver the real-time customer requirement in
order to remain competitive. Additionally, the governments are putting pressures on the passenger car
manufacturers to produce efficient and low-emission vehicles which have intensely pressurized the latter
to engage in research and development works. European Emission Standards (EURO I, EURO II, EURO
III, EURO IV and EURO V), Corporate Average Fuel Economy (CAFE) and Federal Motor Vehicle Safety
Standards (FMVSS) are few of the most common emission standards followed in the global regions. The
electric and hybrid passenger vehicles are catching the market due to their fuel efficiency and low
emission. In general, the production process of new model of a passenger car takes about two and a half
to three years.
Passenger vehicles are mostly sold through independent dealerships affiliated with a manufacturer. The
demand calculation by the passenger vehicle manufacturer determines the number of vehicles to be sent
Persistence Market Research 1

Passenger Vehicles Market - Global Industry Analysis and
Forecast to 2020
at a particular dealer location. Most of the passenger vehicle companies put their manufacturing facility in
country where they sell them to avoid transportation costs, currency fluctuation risks, and trade barriers.
However, premium passenger vehicles are mostly traded as their per-unit sales is low and setting up
manufacturing plant for them would not incur benefits. Passenger vehicle manufacturers have integrated
horizontally than vertically to reduce production cost wherein they source their parts and components
from vendors instead of manufacturing them.Among regions, Asia Pacific was the largest passenger
vehicle market in 2013 followed by Europe.
Asia Pacific is expected to continue with its leadership position by 2020 due to its growing population and
increasing per capita income. The key companies operating in global passenger vehicles market are
General Motors, Volkswagen, Toyota, Hyundai, Ford, Nissan, PSA Peugeot Citroen, Honda, Suzuki and
Renault. Most of the top passenger vehicle manufacturers in 2013 belonged to Japan and the U.S.
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Key points covered in the report:-
1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full “All Upcoming Persistence Market's ” report at
http://www.persistencemarketresearch.com/forthcoming-reports.asp
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Passenger Vehicles Market - Global Industry Analysis and
Forecast to 2020
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