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The luxury cars market is evolving at a rapid rate. The market is dependent on the demand trends in the automobile industry.Luxury cars are sold at a price of more than $50,000 and have most of the latest features. Global luxury cars market to grow at a CAGR of 11.51% during the period 2018-2022.
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The latest trend gaining momentum in the luxury cars market is increasing technological updates in luxury cars to beat competition. Luxury cars are viewed as flagship models of automakers. Hence, automakers update their luxury car models with highly sophisticated technologies and features like parking assist. Volvo XC90 has an advanced system of parking assist with four hidden cameras to give the driver a 360° view while parking as well as driving. The feed from the cameras is controlled using a touch display. The driver can choose the angle and camera for making an informed decision regarding parking. The vehicle can also semi-automatically steer, stop, decelerate, and accelerate itself under 30 miles per hour.
Covered in this report
The report covers the present scenario and the growth prospects of the global luxury cars market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of luxury cars.
Read details of the report at: http://orbisresearch.com/reports/index/global-luxury-cars-market-2018-2022
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Key vendors
Audi
BMW
Daimler
Tesla
Toyota Motor Corporation
Research report, Global Luxury Cars Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market driver
Rising demand for luxury SUVs
Market challenge
Rising preference for top variants of budget car brands
Market trend
Increasing technological updates in luxury cars to beat competition
Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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