Global Luxury SUV Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	175 Pages	TechNavio	February, 2024	INF18623254

Best Price Guarantee
Price	from $2,500
Length	175 Pages
Publisher	TechNavio
Published Date	February, 2024
SKU	INF18623254

Global Luxury SUV Market 2024-2028

The luxury SUV market is forecasted to grow by USD 33.01 bn during 2023-2028, accelerating at a CAGR of 11.42% during the forecast period. The report on the luxury SUV market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased preference for safety and comfort driving sales of luxury SUVs, rise in HNWI population preferring luxury SUVs, and rising preference for SUV model vehicles.

Technavio's luxury SUV market is segmented as below:

By Application

Individual
Commercial

By Type

Mid-size luxury SUVs
Full-size luxury SUVs

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the rapid development of electric luxury vehicles as one of the prime reasons driving the luxury SUV market growth during the next few years. Also, introduction of new luxury vehicle segments by manufacturers and increased technological updates within luxury SUVs to beat the competition will lead to sizable demand in the market.

The report on the luxury SUV market covers the following areas:

Luxury SUV market sizing
Luxury SUV market forecast
Luxury SUV market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury SUV market vendors that include AB Volvo, Bayerische Motoren Werke AG, China FAW Group Co. Ltd., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Corp., Nissan Motor Co. Ltd., Porsche Automobil Holding SE, Renault SAS, Tesla Inc., Toyota Motor Corp., SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd., BYD Co. Ltd., and Ford Motor Co.. Also, the luxury SUV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Chart on Market Overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Chart on Global Market Characteristics
  - Table Executive Summary - Chart on Market by Geography
  - Table Executive Summary - Chart on Market Segmentation by Application
  - Table Executive Summary - Chart on Market Segmentation by Type
  - Table Executive Summary - Chart on Incremental Growth
  - Table Executive Summary - Data Table on Incremental Growth
  - Table Executive Summary - Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global luxury SUV market 2018 - 2022
  - Table Historic Market Size - Data Table on global luxury SUV market 2018 - 2022 ($ billion)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size - Application Segment 2018 - 2022 ($ billion)
- Type Segment Analysis 2018 - 2022
  - Table Historic Market Size - Type Segment 2018 - 2022 ($ billion)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants - Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes - Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry - Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Individual - Market size and forecast 2023-2028
  - Table Chart on Individual - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Individual - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Individual - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Individual - Year-over-year growth 2023-2028 (%)
- Commercial - Market size and forecast 2023-2028
  - Table Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Commercial - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ billion)
  - Table Data Table on Market opportunity by Application ($ billion)
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Mid-size luxury SUVs - Market size and forecast 2023- 2028
  - Table Chart on Mid-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Mid-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Mid-size luxury SUVs - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Mid-size luxury SUVs - Year-over-year growth 2023-2028 (%)
- Full-size luxury SUVs - Market size and forecast 2023- 2028
  - Table Chart on Full-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Full-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Full-size luxury SUVs - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Full-size luxury SUVs - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ billion)
  - Table Data Table on Market opportunity by Type ($ billion)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- Canada - Market size and forecast 2023-2028
  - Table Chart on Canada - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on Canada - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ billion)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ billion)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ billion)
  - Table Data Tables on Market opportunity by geography ($ billion)
Drivers, Challenges, and Trends
- Market drivers
  - Increased preference for safety and comfort driving sales of luxury SUVs
  - Rise in HNWI population preferring luxury SUVs
  - Rising preference for SUV model vehicles
- Market challenges
  - Declining exclusivity of luxury cars
  - Rising preference for top variants of budget car brands
  - Increase in tax on luxury vehicles
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Rapid development of electric luxury vehicles
  - Introduction of new luxury vehicle segments by manufacturers
  - Increased technological updates within luxury SUVs to beat competition
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- AB Volvo
  - Table AB Volvo - Overview
  - Table AB Volvo - Business segments
  - Table AB Volvo - Key news
  - Table AB Volvo - Key offerings
  - Table AB Volvo - Segment focus
- Bayerische Motoren Werke AG
  - Table Bayerische Motoren Werke AG - Overview
  - Table Bayerische Motoren Werke AG - Business segments
  - Table Bayerische Motoren Werke AG - Key news
  - Table Bayerische Motoren Werke AG - Key offerings
  - Table Bayerische Motoren Werke AG - Segment focus
- BYD Co. Ltd.
  - Table BYD Co. Ltd. - Overview
  - Table BYD Co. Ltd. - Business segments
  - Table BYD Co. Ltd. - Key offerings
  - Table BYD Co. Ltd. - Segment focus
- Ford Motor Co.
  - Table Ford Motor Co. - Overview
  - Table Ford Motor Co. - Business segments
  - Table Ford Motor Co. - Key offerings
  - Table Ford Motor Co. - Segment focus
- General Motors Co.
  - Table General Motors Co. - Overview
  - Table General Motors Co. - Business segments
  - Table General Motors Co. - Key news
  - Table General Motors Co. - Key offerings
  - Table General Motors Co. - Segment focus
- Mazda Motor Corp.
  - Table Mazda Motor Corp. - Overview
  - Table Mazda Motor Corp. - Business segments
  - Table Mazda Motor Corp. - Key news
  - Table Mazda Motor Corp. - Key offerings
  - Table Mazda Motor Corp. - Segment focus
- Mercedes Benz Group AG
  - Table Mercedes Benz Group AG - Overview
  - Table Mercedes Benz Group AG - Business segments
  - Table Mercedes Benz Group AG - Key news
  - Table Mercedes Benz Group AG - Key offerings
  - Table Mercedes Benz Group AG - Segment focus
- Mitsubishi Corp.
  - Table Mitsubishi Corp. - Overview
  - Table Mitsubishi Corp. - Business segments
  - Table Mitsubishi Corp. - Key news
  - Table Mitsubishi Corp. - Key offerings
  - Table Mitsubishi Corp. - Segment focus
- Nissan Motor Co. Ltd.
  - Table Nissan Motor Co. Ltd. - Overview
  - Table Nissan Motor Co. Ltd. - Business segments
  - Table Nissan Motor Co. Ltd. - Key news
  - Table Nissan Motor Co. Ltd. - Key offerings
  - Table Nissan Motor Co. Ltd. - Segment focus
- Porsche Automobil Holding SE
  - Table Porsche Automobil Holding SE - Overview
  - Table Porsche Automobil Holding SE - Business segments
  - Table Porsche Automobil Holding SE - Key news
  - Table Porsche Automobil Holding SE - Key offerings
  - Table Porsche Automobil Holding SE - Segment focus
- Renault SAS
  - Table Renault SAS - Overview
  - Table Renault SAS - Product / Service
  - Table Renault SAS - Key news
  - Table Renault SAS - Key offerings
- SAIC Motor Corp. Ltd.
  - Table SAIC Motor Corp. Ltd. - Overview
  - Table SAIC Motor Corp. Ltd. - Business segments
  - Table SAIC Motor Corp. Ltd. - Key offerings
  - Table SAIC Motor Corp. Ltd. - Segment focus
- Tata Motors Ltd.
  - Table Tata Motors Ltd. - Overview
  - Table Tata Motors Ltd. - Business segments
  - Table Tata Motors Ltd. - Key news
  - Table Tata Motors Ltd. - Key offerings
  - Table Tata Motors Ltd. - Segment focus
- Tesla Inc.
  - Table Tesla Inc. - Overview
  - Table Tesla Inc. - Business segments
  - Table Tesla Inc. - Key news
  - Table Tesla Inc. - Key offerings
  - Table Tesla Inc. - Segment focus
- Toyota Motor Corp.
  - Table Toyota Motor Corp. - Overview
  - Table Toyota Motor Corp. - Business segments
  - Table Toyota Motor Corp. - Key offerings
  - Table Toyota Motor Corp. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations