Luxury Sports Utility Vehicles (SUV) Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 175 SKU: IRTNTR43718

Luxury Sport Utility Vehicle (SUV) Market 2024-2028 

The Luxury Sport Utility Vehicle (SUV) Market size is forecast to increase by USD 33.01 billion, at a CAGR of 11.42% between 2023 and 2028.  Several factors play a crucial role in the market's growth, such as increased preference for safety and comfort driving sales of luxury SUVs, rise in HNWI population preferring luxury SUVs, and rising preference for SUV model vehicles

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

The rise in the HNWI population preferring luxury SUVs is notably driving the market growth. Therefore, an increase in the number of HNWIs will positively impact the luxury sport utility vehicle market. Financial institutions term an individual as having a high net worth according to the amount of wealth owned by the individual. A person with a minimum of USD1 million in liquid assets is considered a high-net-worth individual. Since 2018, Asia and North America have witnessed an increase in the number of HNWIs. In the same year, the super extravagance cars segment witnessed maximum growth in China. The US holds the maximum market share for super indulgence cars in terms of volume, which strengthens the correlation between the HNWI population and the growth of the market. APAC and North America account for an approximately three-fourth increase in the HNWI population and about a two-thirds increase in HNWI wealth.

Moreover, increasing the HNWI population or HNWI wealth can be considered a direct driving factor for the luxury sport utility vehicle market. The US, Japan, China, Germany, and Canada are the top five countries with the highest numbers of HNWIs and UHNWIs. The numbers are expected to increase during the forecast period. Thus, the increase in the HNWI population will positively impact the market growth and trends during the forecast period.

Key Market Trends

The introduction of new luxury vehicle segments by manufacturers is an emerging trend shaping market growth. The sales of existing extravagance vehicle models and new indulgence vehicle models in the existing segment, including sedans and SUVs, have grown. A rise in competition among excess vehicle manufacturers to gain a competitive edge is pushing them to undertake various initiatives, such as the expansion of the product portfolio with new vehicle segments.

For instance, in January 2022, Bayerische Motoren Werke AG launched a new version of its X3 SUV in India. The vehicle is now sportier and more modern with its comprehensive refreshed look, premium interior with new equipment features, and updated infotainment. Thus, the launch of luxury vehicles in new segments will positively impact the market during the forecast period.

Major Market Challenge

Declining exclusivity of luxury cars is a significant challenge hindering market growth. However, the intensifying competition, rise in the number of luxury brands, and increasing demand for luxury SUVs have pushed luxury vehicle manufacturers to expand their businesses and sell to the mass segment through the same distribution channel as that for other segment vehicles. Though this does not affect the sales of these vehicles directly, the exclusivity declines. Another major differentiating factor of indulgence SUVs is technologically advanced features. However, these features are becoming common in mid-segment vehicles.

Nowadays, mid-segment SUVs are equipped with advanced emergency braking systems, collision avoidance warning, pedestrian detection, steering assist, blind-spot monitoring, heated seats, and sunroofs, which were previously exclusive to extravagance vehicles. The availability of advanced features in mid-segment SUVs has diffused the exclusivity of costly SUVs. This is expected to hamper the growth of the market during the forecast period.

Market Customer Landscape 

The market forecasting report includes the adoption lifecycle of the market growth and forecasting, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AB Volvo - The company offers luxury SUVs such as the XC90, which is a premium SUV that combines advanced safety and comfort, designed for ultimate elegance and capacity.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Bayerische Motoren Werke AG
  • China FAW Group Co. Ltd.
  • General Motors Co.
  • Honda Motor Co. Ltd.
  • Hyundai Motor Co.
  • Mahindra and Mahindra Ltd.
  • Mazda Motor Corp.
  • Mercedes Benz Group AG
  • Mitsubishi Corp.
  • Nissan Motor Co. Ltd.
  • Porsche Automobil Holding SE
  • Renault SAS
  • Tesla Inc.
  • Toyota Motor Corp.
  • SAIC Motor Corp. Ltd.
  • Stellantis NV
  • Tata Motors Ltd.
  • BYD Co. Ltd.
  • Ford Motor Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What are the Largest-Growing Segments in the Market?

The individual segment is estimated to witness significant growth during the forecast period. The luxury SUV market segment by application for individuals includes various types of luxury SUVs designed and marketed for personal use. These vehicles typically offer advanced features, premium materials, and high-end performance capabilities. Extravagance SUVs can be classified into different sub-segments based on various factors, such as size, price, and performance. 

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The individual segment was the largest and was valued at USD 23.36 billion in 2018. Prominent companies in the luxury SUV market, such as Range Rover (Tata Motors Ltd.) with its Range Rover Velar and Porsche Automobil Holding SE with models like the Porsche Cayenne, exemplify the offerings tailored for individual buyers. These vehicles are designed to provide a luxurious and personalized driving experience, with attention to detail in craftsmanship and performance. Additionally, the rising trend of customization options allows individuals to personalize their SUVs, adding a sense of exclusivity. Customization options include unique interior trims, exterior color choices, and additional features, catering to the diverse preferences of individual buyers. Overall, the individual segment is highly competitive and rapidly evolving, with new models and features being introduced regularly to meet the demands, which will result in the growth of the market through individual segments during the forecast period.

Which are the Key Regions for the Market?

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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.  SUVs and crossovers are widely viewed as large and powerful vehicles with higher ground clearance and a higher seating position with dynamic capabilities for handling multiple types of terrain. Luxury SUV sales are higher in North America due to a combination of factors, including more affordable loans, lower petrol prices, and a growing need for efficient personal transportation. Extravagance SUVs are marketed as high-end cars with advanced technology, which further fuels the demand owing to easily accessible financing. The increased penetration of the Internet has led the average American buyer to be dependent on smart gadgets for connectivity.

In addition, vehicle manufacturers have been providing Internet connectivity and technology to support the control and transfer of information between smart gadgets in luxury SUVs to increase utility. The rising penetration of Android Auto multimedia systems provides seamless integration between smartphones and vehicle infotainment. With features like voice commands, navigation, and entertainment apps, drivers can access and control various functionalities hands-free. This technology enhances the driving experience by offering connectivity and convenience in luxury SUVs and is expected to further drive the regional market growth during the forecast period. 

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis, and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Individual
    • Commercial
  • Type Outlook 
    • Mid-size luxury SUVs
    • Full-size luxury SUVs
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview 

In the thriving Luxury SUV market, Data Bridge Market Research delivers comprehensive market insights, encompassing market value, growth rates, and expert analyses. Geographical coverage and market segments, including Sports Utility Vehicle (SUV), passenger vehicles, and lightweight pickup trucks, navigate through stringent regulations and rising safety concerns. The industry witnesses technological innovations, such as battery models and four-wheel drive systems, responding to consumer demands. In the current market scenario, expert analysis plays a crucial role, guiding stakeholders through import/export, pricing, and production consumption analyses. PESTLE analysis forms a foundation, addressing factors like stringent regulations, safety concerns, and rising fuel costs. The industry experiences growth in specific categories and application niches, navigating restraints such as raw material shortages and shipping delays amid economic slowdowns.

Additionally, noteworthy trends include the prominence of 4WD and 2WD vehicles, aligning with industry trends emphasizing safety, powertrains, and innovative features in both road-going and off-road Sports Utility Vehicles (SUVs). As technological advancements drive hybrid/electric segments, the market aligns with emission standards and environmental organizations' goals for sustainable transportation. The Electric Vehicle (EV) landscape sees incentives, subsidies, and a rise in EV owners, prompting a shift towards electric vehicle technology and hybrid electric powertrains. Franchised dealer segments prioritize a robust distribution network, emphasizing product knowledge, brand experience, test drives, and customer relationship management through exclusive events.

Luxury SUV Market Scope

Report Coverage

Details

Page number

175

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.42%

Market growth 2024-2028

USD 33.01 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

10.69

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Volvo, Bayerische Motoren Werke AG, China FAW Group Co. Ltd., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Corp., Nissan Motor Co. Ltd., Porsche Automobil Holding SE, Renault SAS, Tesla Inc., Toyota Motor Corp., SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd., BYD Co. Ltd., and Ford Motor Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global luxury SUV market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global luxury suv market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Individual - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Individual - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Individual - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Individual - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Individual - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Mid-size luxury SUVs - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Mid-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Mid-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Mid-size luxury SUVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Mid-size luxury SUVs - Year-over-year growth 2023-2028 (%)
    • 7.4 Full-size luxury SUVs - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Full-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Full-size luxury SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Full-size luxury SUVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Full-size luxury SUVs - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 56: Market opportunity by Type ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 111: AB Volvo - Overview
              • Exhibit 112: AB Volvo - Business segments
              • Exhibit 113: AB Volvo - Key news
              • Exhibit 114: AB Volvo - Key offerings
              • Exhibit 115: AB Volvo - Segment focus
            • 12.4 Bayerische Motoren Werke AG
              • Exhibit 116: Bayerische Motoren Werke AG - Overview
              • Exhibit 117: Bayerische Motoren Werke AG - Business segments
              • Exhibit 118: Bayerische Motoren Werke AG - Key news
              • Exhibit 119: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 120: Bayerische Motoren Werke AG - Segment focus
            • 12.5 BYD Co. Ltd.
              • Exhibit 121: BYD Co. Ltd. - Overview
              • Exhibit 122: BYD Co. Ltd. - Business segments
              • Exhibit 123: BYD Co. Ltd. - Key offerings
              • Exhibit 124: BYD Co. Ltd. - Segment focus
            • 12.6 Ford Motor Co.
              • Exhibit 125: Ford Motor Co. - Overview
              • Exhibit 126: Ford Motor Co. - Business segments
              • Exhibit 127: Ford Motor Co. - Key offerings
              • Exhibit 128: Ford Motor Co. - Segment focus
            • 12.7 General Motors Co.
              • Exhibit 129: General Motors Co. - Overview
              • Exhibit 130: General Motors Co. - Business segments
              • Exhibit 131: General Motors Co. - Key news
              • Exhibit 132: General Motors Co. - Key offerings
              • Exhibit 133: General Motors Co. - Segment focus
            • 12.8 Mazda Motor Corp.
              • Exhibit 134: Mazda Motor Corp. - Overview
              • Exhibit 135: Mazda Motor Corp. - Business segments
              • Exhibit 136: Mazda Motor Corp. - Key news
              • Exhibit 137: Mazda Motor Corp. - Key offerings
              • Exhibit 138: Mazda Motor Corp. - Segment focus
            • 12.9 Mercedes Benz Group AG
              • Exhibit 139: Mercedes Benz Group AG - Overview
              • Exhibit 140: Mercedes Benz Group AG - Business segments
              • Exhibit 141: Mercedes Benz Group AG - Key news
              • Exhibit 142: Mercedes Benz Group AG - Key offerings
              • Exhibit 143: Mercedes Benz Group AG - Segment focus
            • 12.10 Mitsubishi Corp.
              • Exhibit 144: Mitsubishi Corp. - Overview
              • Exhibit 145: Mitsubishi Corp. - Business segments
              • Exhibit 146: Mitsubishi Corp. - Key news
              • Exhibit 147: Mitsubishi Corp. - Key offerings
              • Exhibit 148: Mitsubishi Corp. - Segment focus
            • 12.11 Nissan Motor Co. Ltd.
              • Exhibit 149: Nissan Motor Co. Ltd. - Overview
              • Exhibit 150: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 151: Nissan Motor Co. Ltd. - Key news
              • Exhibit 152: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 153: Nissan Motor Co. Ltd. - Segment focus
            • 12.12 Porsche Automobil Holding SE
              • Exhibit 154: Porsche Automobil Holding SE - Overview
              • Exhibit 155: Porsche Automobil Holding SE - Business segments
              • Exhibit 156: Porsche Automobil Holding SE - Key news
              • Exhibit 157: Porsche Automobil Holding SE - Key offerings
              • Exhibit 158: Porsche Automobil Holding SE - Segment focus
            • 12.13 Renault SAS
              • Exhibit 159: Renault SAS - Overview
              • Exhibit 160: Renault SAS - Product / Service
              • Exhibit 161: Renault SAS - Key news
              • Exhibit 162: Renault SAS - Key offerings
            • 12.14 SAIC Motor Corp. Ltd.
              • Exhibit 163: SAIC Motor Corp. Ltd. - Overview
              • Exhibit 164: SAIC Motor Corp. Ltd. - Business segments
              • Exhibit 165: SAIC Motor Corp. Ltd. - Key news
              • Exhibit 166: SAIC Motor Corp. Ltd. - Key offerings
              • Exhibit 167: SAIC Motor Corp. Ltd. - Segment focus
            • 12.15 Tata Motors Ltd.
              • Exhibit 168: Tata Motors Ltd. - Overview
              • Exhibit 169: Tata Motors Ltd. - Business segments
              • Exhibit 170: Tata Motors Ltd. - Key news
              • Exhibit 171: Tata Motors Ltd. - Key offerings
              • Exhibit 172: Tata Motors Ltd. - Segment focus
            • 12.16 Tesla Inc.
              • Exhibit 173: Tesla Inc. - Overview
              • Exhibit 174: Tesla Inc. - Business segments
              • Exhibit 175: Tesla Inc. - Key news
              • Exhibit 176: Tesla Inc. - Key offerings
              • Exhibit 177: Tesla Inc. - Segment focus
            • 12.17 Toyota Motor Corp.
              • Exhibit 178: Toyota Motor Corp. - Overview
              • Exhibit 179: Toyota Motor Corp. - Business segments
              • Exhibit 180: Toyota Motor Corp. - Key offerings
              • Exhibit 181: Toyota Motor Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: 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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis