Passenger Cars Market Outlook The global passenger cars market size reached a value of around USD 1.62 trillion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% between 2025 and 2034, reaching a value of approximately USD 2.85 trillion by 2034. The growth of this market is largely driven by rising disposable incomes, increased demand for personal vehicles,...