Global Luxury Vehicle Market 2019-2023

  • Published: Feb 2019
  • Pages: 118
  • SKU: IRTNTR30854
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The global luxury vehicle market size will grow by 7,981.18 thousand units during 2019-2023, and the market's growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth. The report provides a detailed analysis of the market by type (passenger cars and commercial vehicles) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several manufacturers including BMW AG, Daimler AG, Jaguar Land Rover Automotive plc, Volkswagen AG, and Volvo Car Corporation.

Some of the key findings from our luxury vehicle market forecast report are summarized below

Global Luxury Vehicle Market

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from the report.

Get a FREE sample now!

Global luxury vehicle industry overview

With growing awareness about the need to reduce vehicular emissions, the demand for electrified vehicles is increasing. The manufacturers are focusing on the development of electrified vehicles such as plug-in hybrid electric vehicles, pure electric vehicles, and hybrid electric vehicles. These manufacturers intend to expand their product portfolio by introducing new electric vehicle models. A number of automotive OEMs including BMW, Daimler AG, Volvo Car Corporation, and Jaguar Land Rover Automotive plc have already made investments towards the development of electric luxury vehicles. Supercar manufacturers such as Koenigsegg Automotive plc have also invested in the development of new electric car models. The rapid development of luxury electric cars will increase its adoption, which will, in turn, drive global luxury vehicle market growth.

Moreover, fleet operators are increasingly demanding luxury vans to provide services such as limo for passengers, the media network, VIP transport, and telecommunication. Apart from fleet operators, the demand for luxury vans is also increasing from individual buyers. To cater to the growing demand for luxury vans, several vehicle manufacturers are focusing on updating their existing successful models or introducing new models. The need for luxury buses is also growing, with an increasing number of technology-oriented bus lines and startups utilizing dynamic scheduling and crowdsourcing to attract new customers and boost market penetration. Manufacturers offer luxury buses with various premium facilities including private sleeping cabins and internet connection. As a result, there will be an increase in the demand for luxury vans and buses, which will be one of the critical factors driving luxury vehicles market growth at a CAGR of about 12% during the forecast period.

Top companies covered in the luxury vehicle market research report

The global luxury vehicles market is fairly concentrated. To help clients improve their revenue share, the report provides an analysis of the market's competitive landscape and offers information on the products offered by the manufacturers. Additionally, the market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

  • BMW AG
  • Daimler AG
  • Jaguar Land Rover Automotive plc, 
  • Volkswagen AG
  • Volvo Car Corporation

Luxury vehicle market segmentation based on type

  • Passenger cars
  • Commercial vehicles

The passenger cars segment will account for the highest market share in the coming years. The growth of the luxury car market segment during the forecast period will mainly attribute to the growing demand for luxury cars especially from countries in Asia. The report provides an accurate prediction of the contribution of all the segments to the growth of the luxury vehicle market size.

Luxury vehicle market segmentation based on geographic region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Europe accounted for the highest luxury vehicle market share in 2018. However, with a complete study of the upcoming growth opportunities for the manufacturers, it has been estimated that the APAC region will witness an increase in its market share and emerge as the market leader by the end of the forecast period.

Key highlights of the global luxury vehicle market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the luxury vehicle market during the next five years
  • Precise estimation of the global luxury vehicle market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of the companies

We can help! Our analysts can customize the market research report to meet your requirements. Get in touch

 

Read More Read Less

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Passenger cars - Market size and forecast 2018-2023
  • Commercial vehicles - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Rapid development of electrified luxury vehicles
  • Introduction of new luxury vehicle segments by manufacturers
  • Increase in popularity of coach-built luxury vehicles

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BMW AG
  • Daimler AG
  • Jaguar Land Rover Automotive plc, 
  • Volkswagen AG
  • Volvo Car Corporation

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Consumer Discretionary
  3. Published Reports 2019
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>