The Mobility Market specifically covers newly sold passenger cars, including small, medium, executive, and luxury cars as well as SUVs, minivans, and sports cars. However, motorcycles, buses, trucks, large vans, and light utility vehicles are not included. The market's segmentation is based on several factors, including physical properties (weight, volume, wheelbase) and economic factors (pricing, status, etc.). All key figures shown represent the sales of new cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models. Importantly, our focus is solely on the market for newly sold cars, distinct from the broader category of registered cars.
The Passenger Cars market is divided into further markets for small cars, medium cars, executive cars, luxury cars, SUVs, minivans, and sports cars. Additionally, it delves into different car brands, offering a comprehensive view of the market.
Insights are centered on newly sold cars in standard configurations, excluding used vehicles and customizations. Reported statistics align with base vehicle configurations, ensuring a focused understanding of the dynamic passenger car market.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
The Passenger Cars market in Japan has been experiencing significant growth in recent years. Customer preferences have shifted towards more fuel-efficient and environmentally friendly vehicles, leading to an increase in the demand for hybrid and electric cars. Additionally, the Japanese government has implemented policies and incentives to promote the adoption of these vehicles, further driving the market growth.
Customer preferences: Japanese customers have shown a strong preference for fuel-efficient vehicles due to the country's high fuel prices and environmental consciousness. As a result, hybrid and electric cars have gained popularity in the market. These vehicles offer better fuel economy and lower emissions, aligning with the customers' desire for eco-friendly transportation options. Additionally, Japanese customers value reliability and safety features in their cars, which has led to an increase in the demand for vehicles from reputable brands known for their quality and advanced safety technologies.
Trends in the market: One of the key trends in the Passenger Cars market in Japan is the increasing adoption of hybrid and electric vehicles. The government has implemented various measures to encourage the purchase of these vehicles, such as tax incentives, subsidies, and infrastructure development. This has led to a surge in the number of hybrid and electric car models available in the market, offering customers a wider range of options to choose from. As a result, sales of these vehicles have been steadily increasing, and it is expected that this trend will continue in the coming years. Another trend in the market is the growing popularity of compact cars. Due to limited parking space and higher fuel prices, many Japanese customers prefer smaller, more fuel-efficient vehicles. Compact cars offer the advantages of lower fuel consumption and easier maneuverability in crowded urban areas. This trend has prompted automakers to introduce more compact car models tailored to the Japanese market, further driving the growth of this segment.
Local special circumstances: Japan has a unique set of circumstances that contribute to the development of the Passenger Cars market. The country has a well-developed public transportation system, including an extensive train network, which reduces the need for personal vehicles in urban areas. However, in rural areas where public transportation is less accessible, owning a car becomes more essential. This has created a demand for cars in these regions, leading to a more balanced market distribution between urban and rural areas.
Underlying macroeconomic factors: The Japanese economy has been recovering from a period of stagnation, which has positively impacted the Passenger Cars market. As consumer confidence improves and disposable incomes rise, more people are able to afford cars, leading to increased sales. Additionally, low interest rates and favorable financing options have made it easier for customers to purchase vehicles, further stimulating the market growth. In conclusion, the Passenger Cars market in Japan is experiencing growth driven by customer preferences for fuel-efficient and environmentally friendly vehicles, as well as government policies and incentives. The increasing adoption of hybrid and electric cars, along with the popularity of compact cars, are key trends in the market. The unique circumstances of Japan, including a well-developed public transportation system and a recovering economy, also contribute to the market development.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Notes: Level 0: No automation and very limited driver assistance in the form of automatic emergency braking or blind-spot warning. Level 1: Driver assistance such as cruise control or lane centering. Level 2: Partial automation, including brake and steering support. Level 3: Conditional automation, the vehicle can perform most driving tasks in certain scenarios, human intervention is still needed.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Apr 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
Most recent update: Oct 2024
Source: Statista Market Insights
Data coverage:
The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights