The Passenger Car Market To Improve Its Performance In The Coming Years
Added: (Wed Feb 13 2019)
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The Business Research Companyís Passenger Car global market report, covers the year-on-year growth of the global Passenger Car market historic and forecast growth. It also includes chapters on the Passenger Car market trends, geographical analysis, and competitive landscape.
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The global passenger car market size is expected to increase by 2022, significantly growing at a CAGR of around 3.5% during the forecast period
Passenger Car Market Trends
The passenger car manufacturing market consists of sales of passenger cars or passenger car chassis by entities (organizations, sole traders and partnerships) that produce complete automobiles (with body and chassis) or produce automobile chassis only.
Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials.
The global Passenger Car market is primarily driven by rise in increase in disposable income and increasing investments in automotive industry in developing countries like India and China.
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The global Passenger Car market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in spending capacity of households and growing disposable income, the global Passenger Car market is expected to increase in potential and scope. TBRCís report also covers the Passenger Car drivers and restraints in the market.
The global Passenger Car marketís segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global Passenger Car market report are Volkswagen, Toyota, General Motors, Renault-Nissan, and Hyundai-Kia.
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