Global Sports Utility Vehicle Market Growth 2023-2029

Global Sports Utility Vehicle Market Growth 2023-2029

A sports utility vehicle is a kind of passenger vehicle which combines load-hauling and passenger-carrying abilities with the usefulness of a light weight pickup truck. Most of the sports utility vehicles are designed having an engine compartment, approximately square cross-section, and a combined cargo and passenger compartment. Most full-size and mid-size sports utility vehicles have approximately five or more seats, along with a luggage area directly behind the last row of seats.

LPI (LP Information)' newest research report, the “Sports Utility Vehicle Industry Forecast” looks at past sales and reviews total world Sports Utility Vehicle sales in 2022, providing a comprehensive analysis by region and market sector of projected Sports Utility Vehicle sales for 2023 through 2029. With Sports Utility Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sports Utility Vehicle industry.

This Insight Report provides a comprehensive analysis of the global Sports Utility Vehicle 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 Sports Utility Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sports Utility Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sports Utility Vehicle 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 Sports Utility Vehicle.

The global Sports Utility Vehicle market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Nowadays various sports utility vehicle models are now built on a typical car platforms thus these vehicle handles more like cars than trucks or vans. Combining a car-like styling and driving, along with truck or van-like cargo capacity makes sports utility vehicles a smart substitute for some consumers. Since most of the drivers or users of sports utility vehicles do not use them for off-road driving, thus vehicle offerings in this segment have developed from the early models which were more rugged. Sport utility vehicles nowadays meet the requirements of several former truck, car and minivan drivers, but in a unlike package.

This report presents a comprehensive overview, market shares, and growth opportunities of Sports Utility Vehicle market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Small-Sized SUVs
Medium-Sized SUVs
Large-Sized SUVs

Segmentation by application
Recreation
Motorsport
Others

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 analyzing the company's coverage, product portfolio, its market penetration.
Ford
GM
Daimler
Toyota
Volkswagen

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sports Utility Vehicle market?

What factors are driving Sports Utility Vehicle market growth, globally and by region?

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

How do Sports Utility Vehicle market opportunities vary by end market size?

How does Sports Utility Vehicle break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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