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Luxury vehicles are the vehicle of luxury brands, like Mercedes-Bens, Audi, BMW, Volvo, Lexus and so on.The three German players BMW, Audi and Mercedes-Benz account for approximately 70% share of the global luxury car market. Mercedes-Benz is the global leader in the luxury car segment, followed by BMW and Audi. World over while mass automobile manufacturers are struggling with margins, high end manufacturers are enjoying steadily increasing sales.
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In the United States luxury car market, over the past few years, it is the crossovers and SUVs, which have been experiencing growth in sales. In 2016, the two leading players in the market, Mercedes-Benz and Lexus did not see any of its non-SUV models experience growth in sales. Demand for luxury cars in Europe had been at a low for nearly two decades and started recovering gradually from 2014. Even though challenging economic conditions still prevail in many European markets, players such as BMW have been able to maintain volumes of their higher end models. In 2017, the luxury car segment in China is seeing strong growth. The millionaires in China increased by 10% in 2016 year-on-year. Despite the government's austerity drive, sales of super-luxury and supercar sales have not slowed down in China.
In terms of vehicle type, SUVs contributed most in the growth of global luxury vehicle market, with average growth rate of 14% during last five year. Super sport car, usually cost for over $150 thousand, also will witness the very high fast growth rate in the next 6 year, even though, only occupy less than 1% market share in 2016.
According to this study, over the next five years the Luxury Vehicles market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 611300 million by 2024, from US$ 423000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Luxury Vehicles business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Vehicles market by product type, application, key manufacturers and key regions and countries.
Segmentation by product type:
Compact Car
Mid-size Car
Full-size Car
Larger Car
SUV/Crossover
Super Sport Car
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The key manufacturers covered in this report:
Mercedes Benz
Ferrari
BMW
Land Rover
Bentley
Audi
Lexus
Volvo
MINI
Cadillac
Porsche
Infiniti
Acura
Jaguar
Smart
Lincoln
Tesla
Maserati
Rolls-Royce
Lamborghini
McLaren
Aston Martin
Segmentation by application:
Financing/Loan
Cash Payment
Leasing
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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, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, and GCC Countries.
Research objectives
To study and analyze the global Luxury Vehicles consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Luxury Vehicles market by identifying its various subsegments.
Focuses on the key global Luxury Vehicles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Vehicles with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Luxury Vehicles submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Major Points In Table of Content:
Chapter One: Scope of the Report
Chapter Two: Executive Summary
Chapter Three: Global Luxury Vehicles by Players
Chapter Four: Luxury Vehicles by Regions
Chapter Five: Americas Luxury Vehicles Market
Chapter Six: APAC Luxury Vehicles Market
Chapter Seven: Europe Luxury Vehicles Market
Chapter Eight: Middle East & Africa Luxury Vehicles Market
Chapter Nine: Luxury Vehicles Market Drivers, Challenges and Trends
Chapter Ten: Luxury Vehicles Marketing, Distributors and Customer
Chapter Eleven: Global Luxury Vehicles Market Forecast
Chapter Twelve: Key Players Analysis
Chapter Thirteen: Luxury Vehicles Industry Research Findings and Conclusion
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