Global Light Vehicle Market with Focus on Premium Segment (Europe, China and NAFTA): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)
The global light vehicle production is forecasted to reach 112.65 million units in 2025, experiencing growth at a CAGR of 11.05% during the period spanning from 2021 to 2025. Growth in the global light vehicle market has been supported by factors rising disposable income, increasing urban population, increasing female population, technological advancements, increasing use of solar automobiles, rising demand of SUVs, and upsurge in numbers of high-net-worth individuals. However, the market growth would be challenged by increase in prices of materials and difficulty in maintenance of lightweight materials.
The global light vehicle market can be categorized into the following segments: mass and premium. In 2020, the dominant share of global light vehicle market was held by mass, followed by premium.
The global premium vehicle production is forecasted to reach 13.26 million units in 2025, experiencing growth at a CAGR of 8.30% during the period spanning from 2021 to 2025. The market is anticipated to experience certain trends like increase in use of light weight material, upsurge in the use of electric vehicles and involvement of artificial intelligence.
The global premium vehicle market can be segmented into the following regions: Europe, China and NAFTA. In 2020, the dominant share of market was held by Europe, followed by China and NAFTA. The premium vehicle market is Europe would grow, as most premium vehicles are still manufactured and supplied from Europe. However, the market experienced a decline in 2020, due to the COVID-19 pandemic, which resulted in the decline in production of light vehicles.
Scope of the report:
- The report provides a comprehensive analysis of the Global Light Vehicle Market with Focus on Premium Segment
- The major regional markets for premium segment (Europe, China, and NAFTA) have been analyzed. The regional market for light vehicle market (Greater China, Europe, North America, and RoW) have also been analyzed.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The competitive landscape of the market, along with the company profiles of leading players (BMW group, Daimler AG, Toyota, Tesla, Volkswagen, Ford) are also presented in detail.
- Premium Car Manufacturers
- Raw Material Providers
- End Users (Consumers)
- Investment Banks
- Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Light Weighted Vehicle
- 1.1.1 Introduction
- 1.2 Advantages of Light Weight Vehicles
- Table 1: Advantages of Light Weight Vehicles
- 1.3 Disadvantages of Light Weight Vehicles
- Table 2: Disadvantages of Light Weight Vehicles
- 1.4 Light Weight Materials
- Table 3: Light Weight Materials in Light Weight Vehicles
- 1.5 Premium Cars
- 1.5.1 Introduction
- Table 4: Attributes of a Premium Brand
- Table 5: Benefits of a Premium Brand
- 2. Impact of COVID-19
- 2.1 Impact of COVID-19 on Global Economy
- 2.2 Surging Unemployment
- Table 6: Global Labor Force (2016-2020)
- 2.3 Rising Light Vehicle Average Age
- Table 7: The U.S. Light Vehicle Average Age (2017-2021)
- 2.4 Post COVID Scenario
- 3. Light Vehicle Market Analysis
- 3.1 Global Light Vehicle Production Forecast
- Table 8: Global Light Vehicle Production Forecast (2019-2025)
- 3.2 Global Light Vehicle Production by Region
- Table 9: Global Light Vehicle Production by Region (2020)
- 3.2.1 Europe Light Vehicle Production Forecast
- Table 10: Europe Light Vehicle Production Forecast (2019-2025)
- 3.2.2 North America Light Vehicle Production Forecast
- Table 11: North America Light Vehicle Production Forecast (2019-2025)
- 3.2.3 Greater China Light Vehicle Production Forecast
- Table 12: Greater China Light Vehicle Production Forecast (2019-2025)
- 3.2.4 Rest of World Light Vehicle Production Forecast
- Table 13: Rest of World Light Vehicle Production Forecast (2019-2025)
- 3.3 Global Light Vehicle Production by Segment
- Table 14: Global Light Vehicle Production by Segment (2020)
- 4. Premium Segment Market Analysis
- 4.1 Global Premium Vehicle Production Forecast
- Table 15: Global Premium Vehicle Production Forecast (2020-2025)
- 4.2 Global Premium Vehicle Production by Segments
- Table 16: Global Premium Vehicle Production by Segments (2020)
- 4.2.1 Global Premium SUV Production Forecast
- Table 17: Global Premium SUV Production Forecast (2020-2025)
- 4.2.2 Global Others Premium Vehicle Production Forecast
- Table 18: Global Others Premium Vehicle Production Forecast (2020-2025)
- 4.3 Global Premium Vehicle Production by Region
- Table 19: Global Premium Vehicle Production by Region (2020)
- 5. Premium Vehicle Regional Market Analysis
- 5.1 Europe
- 5.1.1 Europe Premium Vehicle Production Forecast
- Table 20: Europe Premium Vehicle Production Forecast (2020-2025)
- 5.1.2 Europe Premium Vehicle Production by Segments
- Table 21: Europe Premium Vehicle Production by Segments (2020)
- 5.1.3 Europe Premium SUV Production Forecast
- Table 22: Europe Premium SUV Production Forecast (2020-2025)
- 5.1.4 Europe Other Premium Vehicle Production Forecast
- Table 23: Europe Other Premium Vehicle Production Forecast (2020-2025)
- 5.2 China
- 5.2.1 China Premium Vehicle Production Forecast
- Table 24: China Premium Vehicle Production Forecast (2020-2025)
- 5.3 NAFTA
- 5.3.1 NAFTA Premium Vehicle Production Forecast
- Table 25: NAFTA Premium Vehicle Production Forecast (2020-2025)
- 5.3.2 NAFTA Premium Vehicle Production by Segments
- Table 26: NAFTA Premium Vehicle Production by Segments (2020)
- 5.3.3 NAFTA Premium SUV Production Forecast
- Table 27: NAFTA Premium SUV Production Forecast (2020-2025)
- 5.3.4 NAFTA Other Premium Vehicle Production Forecast
- Table 28: NAFTA Other Premium Vehicle Production Forecast (2020-2025)
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Rising Disposable Income
- Table 29: China Disposable Income Per Capita (2016-2020)
- 6.1.2 Mounting Urban Population
- Table 30: Global Urban Population (2016-2020)
- 6.1.3 Rising Number of High-Net-Worth Individuals (HNWIs)
- Table 31: Global Density of Millionaires by Region (2010-2020)
- 6.1.4 Rising Female Population
- Table 32: Global Female Population (2015-2020)
- 6.1.5 Shift in Technological Advancements
- 6.1.6 Increasing Use of Solar Automobiles
- 6.1.7 Rising Demand for SUVs
- 6.2 Key Trends & Developments
- 6.2.1 Increase in Use of Light Weight Material
- 6.2.2 Upsurge in Use of Electric Vehicles
- Table 33: Global Electric Vehicle Sales Share (2015-2020)
- 6.2.3 Involvement of Artificial Intelligence
- Table 34: Global Artificial Intelligence Technology Market Revenue (2020- 2024)
- 6.3 Challenges
- 6.3.1 Increase in Prices of Materials
- 6.3.2 Difficulty in Maintenance of Light Weight Materials
- 7. Competitive Landscape
- 7.1 Global Market
- 7.1.1 Key Players – Revenue Comparison
- Table 35: Key Players - Revenue Comparison (2020)
- 7.1.2 Key Players – Market Cap Comparison
- Table 36: Key Players - Market Cap Comparison (2021)
- 7.1.3 Key Players – Research & Development Expenses Comparison
- Table 37: Key Players - Research & Development Expenses Comparison (2020/2021)
- 7.1.4 Key Players – Market Share Comparison
- Table 38: Key Players - Market Share Comparison (2020)
- 8. Company Profiles
- 8.1 BMW Group
- 8.1.1 Business Overview
- 8.1.2 Financial Overview
- Table 39: BMW Group Revenues and Net Profit/Loss (2016-2020)
- Table 40: BMW Group Revenues by Segment (2020)
- Table 41: BMW Group Revenues by Region (2020)
- 8.1.3 Business Strategies
- 8.2 Daimler AG
- 8.2.1 Business Overview
- 8.2.2 Financial Overview
- Table 42: Daimler AG Revenue and Net Profit (2016-2020)
- Table 43: Daimler AG Revenue by Segments (2020)
- Table 44: Daimler AG Revenue by Region (2020)
- 8.2.3 Business Strategies
- 8.3 Ford Motor Company
- 8.3.1 Business Overview
- 8.3.2 Financial Overview
- Table 45: Ford Total Revenues and Net Income/(loss) (2016-2020)
- Table 46: Ford Total Revenues by Segment (2020)
- 8.3.3 Business Strategies
- 8.4 Tesla
- 8.4.1 Business Overview
- 8.4.2 Financial Overview
- Table 47: Tesla Revenues and Net Income (Loss) (2016-2020)
- Table 48: Tesla Revenues by Segment (2020)
- Table 49: Tesla Revenues by Region (2020)
- 8.4.3 Business Strategies
- 8.5 Toyota
- 8.5.1 Business Overview
- 8.5.2 Financial Overview
- Table 50: Toyota Net Sales and Profit (2017-2021)
- Table 51: Toyota Net Sales by Segments (2021)
- Table 52: Toyota Net Sales by Region (2021)
- 8.5.3 Business Strategies
- 8.6 Volkswagen
- 8.6.1 Business Overview
- 8.6.2 Financial Overview
- Table 53: Volkswagen Sales Revenues and Operating Result (2016-2020)
- Table 54: Volkswagen Sales Revenues by Segments (2020)
- Table 55: Volkswagen Sales Revenues by Region (2020)
- 8.6.3 Business Strategies
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