Sport Utility Vehicle (SUV) Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, India, Japan, Germany - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 167 SKU: IRTNTR77627

Sport Utility Vehicle (SUV) Market Forecast 2024-2028 

The Sport Utility Vehicle (SUV) Market size is forecast to increase by USD 272.36 billion, at a CAGR of 5.72% between 2023 and 2028. 

The growth of the market depends on several factors such as the increased preference for safety and comfort driving sales of SUVs, the rise in demand for 4-wheel and all-wheel drive options for off-roading, and the rising preference for SUVs by upper-middle-class families. The report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

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 market for SUVs is experiencing significant growth due to the increased preference for comfort and safety. SUVs are equipped with advanced comfort features and modern technologies, making them stand out in the automotive market. Automakers focus on showcasing their SUVs as premium vehicles, enhancing the social status of buyers.

Moreover, these vehicles often come with advanced driver-assist systems and safety features, providing a higher level of safety and security. The shift towards electric and full-size SUVs aligns with changing consumer preferences and evolving global emission norms. As a result, the SUV market is witnessing growth, driven by features, premium appeal, and advancements in comfort and safety technologies. Hence, such factors are driving the market growth during the forecast period.

Key Trends

Rapid development of electric and hybrid SUVs is an emerging trend in the market. The increase in electric and hybrid SUVs represents a significant trend in the global market, indicating a shift toward more environmentally sustainable transportation. In addition, electric sports utility vehicles provide emission-free driving, helping to reduce greenhouse gas emissions. Furthermore, hybrid models, on the other hand, combine traditional internal combustion engines with electric propulsion, resulting in increased fuel efficiency and a lower environmental impact.

Moreover, this trend is driven by increased consumer awareness of environmental issues, as well as government incentives and advancements in EV infrastructure. In addition, major automakers are actively embracing this shift, introducing electric and hybrid models to meet the growing demand for environmentally friendly alternatives. Furthermore, the Toyota RAV4 Hybrid exemplifies the hybrid category by seamlessly integrating a gasoline engine and an electric motor for increased fuel efficiency while maintaining the Toyota RAV4 sports utility vehicle's popular features. Therefore, such factors are negatively impacting the sport utility vehicle market Hence, such factors are driving the market growth during the forecast period.

Significant Challenge

Increasing inclination toward cost-effective and compact models is a major challenge hindering market growth. Increasing demand for hatchbacks and sedans may pose challenges to the global market in a variety of ways. For instance, to begin, consumer preferences have a significant impact on the automotive industry, and an increase in demand for smaller, fuel-efficient vehicles such as hatchbacks and sedans may divert attention and resources away from sports utility vehicle production. 

Moreover, hatchbacks and sedans may appeal to consumers looking for cost-effective and compact options because of their lower price points and higher fuel efficiency. In addition, regulatory pressures aimed at improving fuel efficiency and lowering emissions may encourage consumers to choose smaller vehicles with lower carbon footprints, similar to hatchbacks and sedans. Furthermore, this shift toward environmentally friendly options may have an impact on the market share of larger sports utility vehicles, especially if stricter emission standards become more common around the world. Therefore, such factors are negatively impacting the sport utility vehicle market. Hence, such factors are hindering the market growth during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes 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 SUVs such as the XC 90 recharge, XC 90, and XC 60.

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

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 is the Largest-Growing Segments in the Market?

The medium-sized SUVs segment is estimated to witness significant growth during the forecast period. Mid-size segment include models that are slightly smaller than full-size sports utility vehicles but still offer a high level of advanced features and performance. In addition, some popular mid-size models include the BMW X1 (Bayerische Motoren Werke AG), Audi Q3 (Porsche Automobil Holding SE), Mercedes-Benz GLA (Mercedes Benz Group AG), Lexus RX (Toyota Motor Corp.), Volvo XC60 (AB Volvo), and Acura MDX (Honda Motor Co. Ltd.), among others.

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The medium-sized SUVs segment was the largest segment and was valued at USD 322.37 billion in 2018. Moreover, this segment typically offers a range of features and amenities, such as leather interiors, advanced infotainment systems, high-quality audio systems, and advanced safety features. In addition, many medium-size SUVs also offer impressive performance capabilities, with powerful engines and responsive handling. Furthermore, the major markets for mid-size models are Europe and APAC. Customers in APAC and European countries are cost-conscious and prefer vehicles that have high fuel efficiency. In addition, vehicle manufacturers develop models that are equipped with updated features such as turbochargers, inline modeled engines, updated vehicle electronic systems, and multimedia support. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Which are the Key Regions for the Market?

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APAC 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. The APAC market is mainly cost-sensitive, wherein the utility value of the vehicle plays a significant role in driving its sales. In addition, the sales of vehicles in APAC countries, such as China, Japan, India, Indonesia, Malaysia, and Thailand, largely depend on the prices of vehicles and their fuel efficiency. Moreover, the cost of service and maintenance also plays a major role in driving the sales of a particular vehicle model. In addition, APAC has high growth potential for the sales of SUVs in countries such as China, Japan, India, and South Korea. Maybach GLS (Mercedes Benz Group AG), Maserati Levante (Stellantis NV), and Porsche Cayenne (Porsche Automobil Holding SE) have consistently maintained significant growth in the Chinese market. Hence, such factors are driving the market growth in APAC 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 trends and growth opportunities from 2018 to 2028. 

  • Vehicle Type Outlook 
    • Medium-sized SUVs
    • Crossover and compact SUVs
    • Large-sized SUVs
  • Fuel Type Outlook
    • Gasoline
    • Hybrid and electric SUV
    • Diesel
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth driven by consumer demand for advanced comfort, automatic safety features, and premium options. SUVs offer versatility, multiple drivetrain options, and off-roading capabilities, catering to a diverse range of preferences. The market is also experiencing a surge in electric and hybrid vehicles, contributing to the growing trend of electrification in the automotive industry. Luxury SUVs are incorporating electrification of semiautonomous and autonomous features, enhancing the driving experience. Key players like Jaguar, Kia, and Chevrolet are at the forefront, aligning with emission norms and adopting connected technologies. The European Commission and the United States Environmental Protection Agency play crucial roles in regulating GHG emissions and fuel economy standards. SUVs, including ultraluxurious and pickup variants, continue to evolve with improved engine sizes and horsepower, exemplified by models like the Chevrolet Suburban. As per the IEA Global EV Outlook, the market reflects a dynamic landscape with a focus on reducing CO emissions and embracing innovative automotive solutions. The market is undergoing a transformation with an emphasis on electrification and a shift in engine technology, impacting fuel consumption globally. SUVs are evolving to offer enhanced off-roading capabilities while maintaining a focus on comfort and reducing CO2 emissions.

The market is undergoing a transformative phase with a surge in premium SUVs, emphasizing heavy towing capacity and the integration of electric hybrid technologies. Semiautonomous and autonomous vehicles are becoming integral to the SUV segment, offering enhanced safety and driving experiences. Luxury and ultraluxurious SUVs from prominent automotive OEMs like Jaguar and Chevrolet are leading the market evolution. Additionally, the SUV market embraces pickups, combining power and versatility. The horsepower (hp) specifications further highlight the performance-oriented nature of modern SUVs, catering to diverse consumer preferences and contributing to the dynamic landscape of the automotive industry.

SUV Market Scope

Report Coverage

Details

Page number

167

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.72%

Market Growth 2024-2028

USD 272.36 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.84

Regional analysis

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

Performing market contribution

APAC at 46%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

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

Key companies profiled

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

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, and 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 2023 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market growth trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • 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 Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Fuel 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 SUV market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global suv market 2018 - 2022 ($ billion)
    • 4.2 Vehicle Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Vehicle Type Segment 2018 - 2022 ($ billion)
    • 4.3 Fuel Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Fuel 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 Vehicle Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Vehicle Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Vehicle Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Vehicle Type
      • Exhibit 32: Chart on Comparison by Vehicle Type
      • Exhibit 33: Data Table on Comparison by Vehicle Type
    • 6.3 Medium-sized SUVs - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Medium-sized SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Medium-sized SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Medium-sized SUVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Medium-sized SUVs - Year-over-year growth 2023-2028 (%)
    • 6.4 Crossover and compact SUVs - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Crossover and compact SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Crossover and compact SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Crossover and compact SUVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Crossover and compact SUVs - Year-over-year growth 2023-2028 (%)
    • 6.5 Large-sized SUVs - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Large-sized SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Large-sized SUVs - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Large-sized SUVs - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Large-sized SUVs - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Vehicle Type
      • Exhibit 46: Market opportunity by Vehicle Type ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Vehicle Type ($ billion)

    7 Market Segmentation by Fuel Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Fuel Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Fuel Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Fuel Type
      • Exhibit 50: Chart on Comparison by Fuel Type
      • Exhibit 51: Data Table on Comparison by Fuel Type
    • 7.3 Gasoline - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Gasoline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Gasoline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Gasoline - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Gasoline - Year-over-year growth 2023-2028 (%)
    • 7.4 Hybrid and electric SUV - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Hybrid and electric SUV - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Hybrid and electric SUV - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Hybrid and electric SUV - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Hybrid and electric SUV - Year-over-year growth 2023-2028 (%)
    • 7.5 Diesel - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Diesel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Diesel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Diesel - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Diesel - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Fuel Type
      • Exhibit 64: Market opportunity by Fuel Type ($ billion)
      • Exhibit 65: Data Table on Market opportunity by Fuel Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 India - Market size and forecast 2023-2028
      • Exhibit 95: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ billion)
      • Exhibit 112: 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 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 AB Volvo
              • Exhibit 119: AB Volvo - Overview
              • Exhibit 120: AB Volvo - Business segments
              • Exhibit 121: AB Volvo - Key news
              • Exhibit 122: AB Volvo - Key offerings
              • Exhibit 123: AB Volvo - Segment focus
            • 12.4 Bayerische Motoren Werke AG
              • Exhibit 124: Bayerische Motoren Werke AG - Overview
              • Exhibit 125: Bayerische Motoren Werke AG - Business segments
              • Exhibit 126: Bayerische Motoren Werke AG - Key news
              • Exhibit 127: Bayerische Motoren Werke AG - Key offerings
              • Exhibit 128: Bayerische Motoren Werke AG - Segment focus
            • 12.5 BYD Co. Ltd.
              • Exhibit 129: BYD Co. Ltd. - Overview
              • Exhibit 130: BYD Co. Ltd. - Business segments
              • Exhibit 131: BYD Co. Ltd. - Key offerings
              • Exhibit 132: BYD Co. Ltd. - Segment focus
            • 12.6 Ford Motor Co.
              • Exhibit 133: Ford Motor Co. - Overview
              • Exhibit 134: Ford Motor Co. - Business segments
              • Exhibit 135: Ford Motor Co. - Key offerings
              • Exhibit 136: Ford Motor Co. - Segment focus
            • 12.7 General Motors Co.
              • Exhibit 137: General Motors Co. - Overview
              • Exhibit 138: General Motors Co. - Business segments
              • Exhibit 139: General Motors Co. - Key news
              • Exhibit 140: General Motors Co. - Key offerings
              • Exhibit 141: General Motors Co. - Segment focus
            • 12.8 Mazda Motor Corp.
              • Exhibit 142: Mazda Motor Corp. - Overview
              • Exhibit 143: Mazda Motor Corp. - Business segments
              • Exhibit 144: Mazda Motor Corp. - Key news
              • Exhibit 145: Mazda Motor Corp. - Key offerings
              • Exhibit 146: Mazda Motor Corp. - Segment focus
            • 12.9 Mercedes Benz Group AG
              • Exhibit 147: Mercedes Benz Group AG - Overview
              • Exhibit 148: Mercedes Benz Group AG - Business segments
              • Exhibit 149: Mercedes Benz Group AG - Key news
              • Exhibit 150: Mercedes Benz Group AG - Key offerings
              • Exhibit 151: Mercedes Benz Group AG - Segment focus
            • 12.10 Mitsubishi Motors Corp.
              • Exhibit 152: Mitsubishi Motors Corp. - Overview
              • Exhibit 153: Mitsubishi Motors Corp. - Business segments
              • Exhibit 154: Mitsubishi Motors Corp. - Key offerings
              • Exhibit 155: Mitsubishi Motors Corp. - Segment focus
            • 12.11 Nissan Motor Co. Ltd.
              • Exhibit 156: Nissan Motor Co. Ltd. - Overview
              • Exhibit 157: Nissan Motor Co. Ltd. - Business segments
              • Exhibit 158: Nissan Motor Co. Ltd. - Key news
              • Exhibit 159: Nissan Motor Co. Ltd. - Key offerings
              • Exhibit 160: Nissan Motor Co. Ltd. - Segment focus
            • 12.12 Renault SAS
              • Exhibit 161: Renault SAS - Overview
              • Exhibit 162: Renault SAS - Product / Service
              • Exhibit 163: Renault SAS - Key news
              • Exhibit 164: Renault SAS - Key offerings
            • 12.13 Stellantis NV
              • Exhibit 165: Stellantis NV - Overview
              • Exhibit 166: Stellantis NV - Business segments
              • Exhibit 167: Stellantis NV - Key news
              • Exhibit 168: Stellantis NV - Key offerings
              • Exhibit 169: Stellantis NV - Segment focus
            • 12.14 Tata Motors Ltd.
              • Exhibit 170: Tata Motors Ltd. - Overview
              • Exhibit 171: Tata Motors Ltd. - Business segments
              • Exhibit 172: Tata Motors Ltd. - Key news
              • Exhibit 173: Tata Motors Ltd. - Key offerings
              • Exhibit 174: Tata Motors Ltd. - Segment focus
            • 12.15 Tesla Inc.
              • Exhibit 175: Tesla Inc. - Overview
              • Exhibit 176: Tesla Inc. - Business segments
              • Exhibit 177: Tesla Inc. - Key news
              • Exhibit 178: Tesla Inc. - Key offerings
              • Exhibit 179: Tesla Inc. - Segment focus
            • 12.16 Toyota Motor Corp.
              • Exhibit 180: Toyota Motor Corp. - Overview
              • Exhibit 181: Toyota Motor Corp. - Business segments
              • Exhibit 182: Toyota Motor Corp. - Key offerings
              • Exhibit 183: Toyota Motor Corp. - Segment focus
            • 12.17 Volkswagen AG
              • Exhibit 184: Volkswagen AG - Overview
              • Exhibit 185: Volkswagen AG - Business segments
              • Exhibit 186: Volkswagen AG - Key offerings
              • Exhibit 187: Volkswagen AG - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: 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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