In 2028, the European passenger car market revenue is projected to reach 397.1 billion euros, up from around the 340.1 billion euros estimated for 2022. The European car revenue is forecast to fluctuate across this period, reaching its highest value in 2028.
Projected passenger car revenue in Europe between 2014 and 2028
(in billion euros)
based on an December 2023 forecast which reflects the market impact of Russia's war on Ukraine.
Supplementary notes
The Mobility Market Outlook provides information about 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.
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Statista. (December 1, 2023). Projected passenger car revenue in Europe between 2014 and 2028 (in billion euros) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1413714/europe-forecast-passenger-car-revenue/
Statista. "Projected passenger car revenue in Europe between 2014 and 2028 (in billion euros)." Chart. December 1, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1413714/europe-forecast-passenger-car-revenue/
Statista. (2023). Projected passenger car revenue in Europe between 2014 and 2028 (in billion euros). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1413714/europe-forecast-passenger-car-revenue/
Statista. "Projected Passenger Car Revenue in Europe between 2014 and 2028 (in Billion Euros)." Statista, Statista Inc., 1 Dec 2023, https://www.statista.com/statistics/1413714/europe-forecast-passenger-car-revenue/
Statista, Projected passenger car revenue in Europe between 2014 and 2028 (in billion euros) Statista, https://www.statista.com/statistics/1413714/europe-forecast-passenger-car-revenue/ (last visited December 21, 2024)
Projected passenger car revenue in Europe between 2014 and 2028 (in billion euros) [Graph], Statista, December 1, 2023. [Online]. Available: https://www.statista.com/statistics/1413714/europe-forecast-passenger-car-revenue/
