Category: Automotive Manufacturing
Automotive Manufacturing market research reports by Euromonitor International
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Premium and Luxury Cars in Switzerland
Premium and Luxury Cars in Switzerland Luxury transportation started to record strong signs of recovery in value and volume sales terms in 2022, a sign that consumers have regained trust in the economy and their own financial security. Consumers that held back on investments and larger purchases dur ... Read More
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Premium and Luxury Cars in South Africa
Premium and Luxury Cars in South Africa Demand for premium and luxury cars notably declined in South Africa in 2020 as the pandemic began to take an economic toll on aspirational consumers. Unlike high net-worth individuals who are fairly price inelastic, consumers in the upper-income aspirational b ... Read More
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Premium and Luxury Cars in Poland
Premium and Luxury Cars in Poland Retail constant value sales (2022 prices) of premium and luxury cars declined sharply in 2020 on account of the pandemic, but they rebounded very strongly in 2021 as economic conditions stabilised– exceeding their pre-pandemic peak. Retail constant value sales conti ... Read More
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Premium and Luxury Cars in the United Arab Emirates
Premium and Luxury Cars in the United Arab Emirates Consumer spending on premium and luxury cars is set to see notable momentum in 2022, leading to full recovery in value and volume terms, reaching above the pre-COVID-19 levels. Many factors have contributed to this, such as the government issue of ... Read More
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Premium and Luxury Cars in Hong Kong, China
Premium and Luxury Cars in Hong Kong, China Despite global economic instability, premium and luxury cars showed resilience compared with other luxury goods categories in Hong Kong, as even before the pandemic, premium and luxury cars was not heavily reliant on tourists, unlike personal luxury. Sales ... Read More
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Premium and Luxury Cars in the Philippines
Premium and Luxury Cars in the Philippines Following the significant declines in sales of premium and luxury cars in the Philippines in 2020 in line with pandemic-induced restrictions such as enforced closures of dealerships, some easing of various measures in 2021 resulted in a more positive perfor ... Read More
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Premium and Luxury Cars in Sweden
Premium and Luxury Cars in Sweden Unlike other luxury goods categories, premium and luxury cars did not bounce back in 2021, but a rebound is expected in 2022, with this being driven by strong demand for electric vehicles. 2021 was a year with a high degree of fluctuation when it came to car sales. ... Read More
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Premium and Luxury Cars in Italy
Premium and Luxury Cars in Italy Premium and luxury cars recorded significant volume and current value declines in 2020, due to the damaging impact of the pandemic, linked to the fact that car showrooms were closed during the lockdown. Sales started to recover in 2021 as showrooms reopened, although ... Read More
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Premium and Luxury Cars in France
Premium and Luxury Cars in France The global market for premium luxury cars “ne connait pas la crise” (does not know the meaning of crisis) in 2022, despite two years of pandemic. In France this is almost the same, although many affluent French consumers prefer to remain more discreet than their Eur ... Read More
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Premium and Luxury Cars in Turkey
Premium and Luxury Cars in Turkey Due to the high prices of premium and luxury cars, brands from this category continue to account for the lion’s share of total sales of luxury goods in current value terms in Turkey in 2022, with Mercedes-Benz, Audi and BMW remaining the outright leaders in the mark ... Read More
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Premium and Luxury Cars in South Korea
Premium and Luxury Cars in South Korea During the pandemic, premium and luxury cars saw strong growth, with this set to continue in 2022. A key driver of this positive performance has been the South Korean government’s temporary reduction in the individual consumption tax imposed on passenger car pu ... Read More
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Premium and Luxury Cars in Canada
Premium and Luxury Cars in Canada Premium and luxury cars continues to see healthy growth in 2022, albeit at a slower rate than the dynamic growth seen in 2021. Nonetheless, premium and luxury cars continues to face supply chain issues such as a semi-conductor chip shortage which has impacted the av ... Read More
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Premium and Luxury Cars in Japan
Premium and Luxury Cars in Japan The automotive industry was significantly negatively affected by the COVID-19 pandemic in 2020, as mobility and spending were restricted, and these factors continued in 2021, limiting demand for high-end cars. Despite the easing of COVID-19 restrictions in 2020 as ca ... Read More
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Premium and Luxury Cars in the Netherlands
Premium and Luxury Cars in the Netherlands Premium and luxury cars is set to see a strong recovery in 2022 driven by a combination of increased disposable income among the key target audience and the success of fiscal benefits offered by the Dutch government to encourage a shift towards electric veh ... Read More
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Premium and Luxury Cars in Brazil
Premium and Luxury Cars in Brazil Consumers began to adapt to the new reality and become more aware of the real risks in the context of COVID-19. For this reason, the year 2021 was marked by the wider acceptance of hygiene protocols and the reduction of excessive fear of contact, which allowed the r ... Read More
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Premium and Luxury Cars in Mexico
Premium and Luxury Cars in Mexico During the whole of 2021 there was a severe shortage of semiconductors within the car industry, while significant logistical struggles resulted in production shutdowns in both local and foreign production lines. This in turn led to a shortfall of hundreds of thousan ... Read More
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Premium and Luxury Cars in India
Premium and Luxury Cars in India The concept of electric vehicles (EVs) was introduced over a decade ago globally. However, there were serious concerns across the automobile industry about the adoption of these vehicles as both companies and consumers were used to fuel-guzzling cars. This required a ... Read More
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Premium and Luxury Cars in Thailand
Premium and Luxury Cars in Thailand Many physical events were cancelled or postponed as a result of the COVID-19 crisis. As a result, car companies introduced alternatives in order to adapt to the dramatic change in market conditions, stay connected with consumers and maintain brand awareness. For i ... Read More
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Premium and Luxury Cars in Malaysia
Premium and Luxury Cars in Malaysia Retail constant value sales (2022 prices) of premium and luxury cars continued to rebound during 2022 but remained well below their pre-pandemic peak. Apart from a more stable economic environment, this recovery was supported the temporary elimination of sales tax ... Read More
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Premium and Luxury Cars in Indonesia
Premium and Luxury Cars in Indonesia Demand for premium and luxury cars has recovered swiftly from the pandemic, with retail volume sales exceeding their 2019 level in 2021 and continuing to expand at a double-digit rate during 2022. Indeed, retail volume sales exceeded their 2017 peak during the ye ... Read More
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Premium and Luxury Cars in Singapore
Premium and Luxury Cars in Singapore The demand for premium and luxury cars had been previously growing due to the greater desire to display one’s social status and wealth in Singapore, especially with the advent of social media platforms such as Instagram and TikTok. Despite notable declines in 202 ... Read More
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Premium and Luxury Cars in Spain
Premium and Luxury Cars in Spain Retail volume sales of premium luxury and cars rose for the first time in four years during 2022. There is a growing sense among some local consumers that life is short and should be enjoyed, which is supporting demand for indulgence and conspicuous consumption. In p ... Read More
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Premium and Luxury Cars in the United Kingdom
Premium and Luxury Cars in the United Kingdom Premium and luxury cars suffered significant losses during the pandemic. In 2020, retail volume sales fell by 26% in the UK, with most major companies struggling. The exceptions were Porsche and Tesla, the latter of which bucked the trend with double-dig ... Read More
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Premium and Luxury Cars in China
Premium and Luxury Cars in China Since 2021, premium and luxury cars has been affected by the ongoing COVID-19 pandemic and the supply disruptions it brought about, with chip supply shortages especially affecting this category. Despite the adverse impact of chip shortages and the high prices of raw ... Read More
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Premium and Luxury Cars in the US
Premium and Luxury Cars in the US Despite the sharp decline in sales of premium and luxury cars in 2020, sales boomed throughout 2021, as wealthy people became wealthier, and the remaining pandemic-related restrictions limited consumers’ need for and spending on other luxury goods, such as experient ... Read More
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