Global Multi-Purpose Vehicle (MPV) Market Growth 2025-2031

Global Multi-Purpose Vehicle (MPV) Market Growth 2025-2031

The global Multi-Purpose Vehicle (MPV) market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Multi-purpose vehicles (MPVs), more commonly known as ‘people carriers’, are a type of car favoured for their versatility and dependability. Used for both personal and commercial services, these vehicles are ideal for transporting passenger groups of over five people and for moving larger loads of cargo than can generally fit in the boot of a standard saloon.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

LP Information, Inc. (LPI) ' newest research report, the “Multi-Purpose Vehicle (MPV) Industry Forecast” looks at past sales and reviews total world Multi-Purpose Vehicle (MPV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Multi-Purpose Vehicle (MPV) sales for 2025 through 2031. With Multi-Purpose Vehicle (MPV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multi-Purpose Vehicle (MPV) industry.

This Insight Report provides a comprehensive analysis of the global Multi-Purpose Vehicle (MPV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Multi-Purpose Vehicle (MPV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Multi-Purpose Vehicle (MPV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multi-Purpose Vehicle (MPV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Multi-Purpose Vehicle (MPV).

This report presents a comprehensive overview, market shares, and growth opportunities of Multi-Purpose Vehicle (MPV) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Compact MPV (6~7)
Middle MPV (5~6)
Mini MPV (Above 5)
Others

Segmentation by Application:
Commercial Use
Personal Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Nissan
Volkswagen
Fiat
BMW
FORD
GM
Toyota
Mercedes-Benz
Chang'an
DongFeng
SAIC
PSA Peugeot Citroen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Multi-Purpose Vehicle (MPV) market?

What factors are driving Multi-Purpose Vehicle (MPV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Multi-Purpose Vehicle (MPV) market opportunities vary by end market size?

How does Multi-Purpose Vehicle (MPV) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.