Global SUV Market 2024-2028
The SUV market is forecasted to grow by USD 272.36 bn during 2023-2028, accelerating at a CAGR of 5.72% during the forecast period. The report on the 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 SUVs, rise in demand for 4-wheel and all-wheel drive options for off-roading, and rising preference for SUVs by upper-middle-class families.
Technavio's SUV market is segmented as below:
By Vehicle Type
- Medium-sized SUVs
- Crossover and compact SUVs
- Large-sized SUVs
- Gasoline
- Hybrid and electric SUV
- Diesel
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the SUV market covers the following areas:
- SUV market sizing
- SUV market forecast
- SUV market industry analysis
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 Vehicle Type
- Table Executive Summary – Chart on Market Segmentation by Fuel 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 overview
- Market Landscape
- Market ecosystem
- Table Parent market
- Table Market Characteristics
- Market ecosystem
- 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 (%)
- Market definition
- Historic Market Size
- Global SUV market 2018 - 2022
- Table Historic Market Size – Data Table on global SUV market 2018 - 2022 ($ billion)
- Vehicle Type Segment Analysis 2018 - 2022
- Table Historic Market Size – Vehicle Type Segment 2018 - 2022 ($ billion)
- Fuel Type Segment Analysis 2018 - 2022
- Table Historic Market Size – Fuel 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)
- Global SUV market 2018 - 2022
- 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
- Five forces summary
- Market Segmentation by Vehicle Type
- Market segments
- Table Chart on Vehicle Type - Market share 2023-2028 (%)
- Table Data Table on Vehicle Type - Market share 2023-2028 (%)
- Comparison by Vehicle Type
- Table Chart on Comparison by Vehicle Type
- Table Data Table on Comparison by Vehicle Type
- Medium-sized SUVs - Market size and forecast 2023- 2028
- Table Chart on Medium-sized SUVs - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Medium-sized SUVs - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Medium-sized SUVs - Year-over-year growth 2023-2028 (%)
- Table Data Table on Medium-sized SUVs - Year-over-year growth 2023-2028 (%)
- Crossover and compact SUVs - Market size and forecast 2023-2028
- Table Chart on Crossover and compact SUVs - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Crossover and compact SUVs - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Crossover and compact SUVs - Year-over-year growth 2023-2028 (%)
- Table Data Table on Crossover and compact SUVs - Year-over-year growth 2023-2028 (%)
- Large-sized SUVs - Market size and forecast 2023-2028
- Table Chart on Large-sized SUVs - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Large-sized SUVs - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Large-sized SUVs - Year-over-year growth 2023-2028 (%)
- Table Data Table on Large-sized SUVs - Year-over-year growth 2023-2028 (%)
- Market opportunity by Vehicle Type
- Table Market opportunity by Vehicle Type ($ billion)
- Table Data Table on Market opportunity by Vehicle Type ($ billion)
- Market segments
- Market Segmentation by Fuel Type
- Market segments
- Table Chart on Fuel Type - Market share 2023-2028 (%)
- Table Data Table on Fuel Type - Market share 2023-2028 (%)
- Comparison by Fuel Type
- Table Chart on Comparison by Fuel Type
- Table Data Table on Comparison by Fuel Type
- Gasoline - Market size and forecast 2023-2028
- Table Chart on Gasoline - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Gasoline - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Gasoline - Year-over-year growth 2023-2028 (%)
- Table Data Table on Gasoline - Year-over-year growth 2023-2028 (%)
- Hybrid and electric SUV - Market size and forecast 2023- 2028
- Table Chart on Hybrid and electric SUV - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Hybrid and electric SUV - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Hybrid and electric SUV - Year-over-year growth 2023-2028 (%)
- Table Data Table on Hybrid and electric SUV - Year-over-year growth 2023-2028 (%)
- Diesel - Market size and forecast 2023-2028
- Table Chart on Diesel - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Diesel - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Diesel - Year-over-year growth 2023-2028 (%)
- Table Data Table on Diesel - Year-over-year growth 2023-2028 (%)
- Market opportunity by Fuel Type
- Table Market opportunity by Fuel Type ($ billion)
- Table Data Table on Market opportunity by Fuel Type ($ billion)
- Market segments
- Customer Landscape
- Customer landscape overview
- Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Customer landscape overview
- 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
- 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 (%)
- 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 (%)
- 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 (%)
- 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 (%)
- 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 (%)
- India - Market size and forecast 2023-2028
- Table Chart on India - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Table Chart on India - Year-over-year growth 2023-2028 (%)
- Table Data Table on India - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
- Table Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Table Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Table Chart on Japan - Year-over-year growth 2023-2028 (%)
- Table Data Table on Japan - 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 (%)
- 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 (%)
- Market opportunity by geography
- Table Market opportunity by geography ($ billion)
- Table Data Tables on Market opportunity by geography ($ billion)
- Geographic segmentation
- Drivers, Challenges, and Trends
- Market drivers
- Increased preference for safety and comfort driving sales of SUVs
- Rise in demand for 4-wheel and all-wheel drive options for offroading
- Market challenges
- Increasing inclination toward cost-effective and compact models
- Impact and current market scenario of raw material shortage and shipping delays of SUVs
- Impact of drivers and challenges
- Table Impact of drivers and challenges in 2023 and 2028
- Market trends
- Rapid development of electric and hybrid SUVs
- Increased technological updates for luxury SUVs
- Market drivers
- 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 Motors Corp.
- Table Mitsubishi Motors Corp. - Overview
- Table Mitsubishi Motors Corp. - Business segments
- Table Mitsubishi Motors Corp. - Key offerings
- Table Mitsubishi Motors 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
- Renault SAS
- Table Renault SAS - Overview
- Table Renault SAS - Product / Service
- Table Renault SAS - Key news
- Table Renault SAS - Key offerings
- Stellantis NV
- Table Stellantis NV - Overview
- Table Stellantis NV - Business segments
- Table Stellantis NV - Key news
- Table Stellantis NV - Key offerings
- Table Stellantis NV - 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
- Volkswagen AG
- Table Volkswagen AG - Overview
- Table Volkswagen AG - Business segments
- Table Volkswagen AG - Key offerings
- Table Volkswagen AG - Segment focus
- Vendors covered
- 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
- Scope of the report
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