Global New Cars Market Revenues Crossed USD 1.52 Trln in 2016, Says MarketLine in Its New Report Recently Added at MarketPublishers.com23 Oct 2017 • by Natalie Aster
LONDON – Over 2012-2016, the world’s new cars market increased at a 4.1% CAGR. In 2016, the total revenues of this market exceeded USD 1.52 trillion.
Meantime, the consumption volume of new cars globally grew at a 3.4% CAGR during 2012-2016, and was estimated at more than 66.122 million as of 2016.
Robust growth in the global new cars market was propelled majorly by the soaring demand for new cars in emerging countries like China and India, and uptake in the European market.
The new cars market in China exhibited double-digit growth during 2012-2016, while India’s market peaked in the las year; both these regional markets were fueled by increasing incomes and favourable government policies. In this wake, the APAC new cars market saw considerable growth over 2012-2016, and the region’s share reached 47.1% of the world’s market.
Furthermore, the European market experienced strong demand during the past few years, encouraged by improving macroeconomic conditions and low interest rates.
New topical research study “New Cars Global Industry Almanac 2017” prepared by MarketLine offers access to reliable quantitative and qualitative data on the new cars market performance at different geographical scales, gives a detailed analysis of the market landscape, sheds light on the prevailing trends and describes the market dynamics. This publication identifies and discusses the major factors fueling and hampering the new cars market growth; points out the major growth challenges and lucrative opportunities, characterises the competitive landscape and uncovers relevant info on the leading companies operating in the new cars market. Besides, this research study discloses important, updated info on the market size, shape, shares and growth rates; touches upon the historical background, investigates the actual scenario and also outlines future growth prospects with detailed forecasts through 2021.
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