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May 10, 2019, 7:48 a.m. EDT

Passenger Vehicles Market 2019 by Top Players Analysis – Ford Motor Company, Hyundai Motor Company, Mahindra & Mahindra, Volkswagen AG, Nissan, Zhejiang Geely Holding Group, Tata Motors, Groupe Renault, TOYOTA MOTOR CORPORATION

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May 10, 2019 (Heraldkeeper via COMTEX) -- The Global Passenger Vehicles Market report gives acquaintance about all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands while also giving a synopsis of market definition, classifications, and market trends. It lends a hand to companies to take decisive actions to deal with threats in niche market. This market research report also provides thorough information about a target markets or customers. This Passenger Vehicles Market report is a sure fire solution that businesses can adopt to thrive in this swiftly changing marketplace. For an outstanding business growth, companies must take up market research report service which has become enough vital in today's market place.

Global Passenger Vehicles Market is expected to rise from its initial estimated value of USD 1427.66 billion in 2018 to a projected value of USD 1804.31 billion by 2026, registering a CAGR of 2.97% in the forecast period of 2019-2026. This rise in market value can be attributed to the shifting landscape of vehicles being manufactured in the Asia-Pacific region because of cheap labour and lower end-product cost.

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Key Market Competitors:

Few of the major competitors currently working in the passenger vehicles market are

  • Ford Motor Company;

  • Honda Motor Co., Ltd.;

  • Hyundai Motor Company;

  • Mahindra & Mahindra Ltd.;

  • Fiat Chrysler Automobiles;

  • Volkswagen AG;

  • Nissan;

  • suzuki motor corporation;

  • Zhejiang Geely Holding Group;

  • Tata Motors;

  • Groupe Renault;


  • Groupe PSA;

  • BMW AG;


  • General Motors;

  • Mazda Motor Corporation;

  • Daimler AG;

  • SAIC Motor Corporation Limited;

  • Changan Automobile Co., Ltd.;

  • Dongfeng Motor Group Co.,Ltd,

  • Beijing Automotive Group Co., Ltd.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints

  • Key market players involved in this industry

  • Detailed analysis of the market segmentation

  • Competitive analysis of the key players involved

Market Definition: Global Passenger Vehicles Market

Passenger vehicles are automotive that are used as a mode of transportation by the passengers to travel from one specific place to another. Various authorities define passenger vehicles as having four wheels and having not more than eight seats excluding the seat of the driver to carry the passengers.

Market Drivers:

  • Increasing demand for automotive amid rise in the levels of disposable income is one of the major factors driving the growth of the market

  • Innovations and advancements in the market resulting in development of autonomous vehicles have increased the demand for passenger vehicles

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