Global Luxury Vehicles Market 2019-2025 | Competitors, Business Strategy and Key Players Analysis- Mercedes Benz, BMW, Audi, Lexus, Volvo, Land Rover, MINI, Cadillac
This industry study presents the global Luxury Vehicles market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Luxury Vehicles production, revenue and market share by manufacturers, key regions and type;
The consumption of Luxury Vehicles in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Mercedes Benz, BMW, etc.
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Luxury vehicles is 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.
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 $150 thousand, also will witness the very high fast growth rate in the next 6 year, even though, only occupy less than 1% market share in 2016.
Global Luxury Vehicles market size will reach 684900 million US$ by 2025, from 423000 million US$ in 2017, at a CAGR of 6.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Luxury Vehicles.
The following manufacturers are covered in this report:
Luxury Vehicles Breakdown Data by Type
Super Sport Car
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Luxury Vehicles Breakdown Data by Application
Luxury Vehicles Production by Region
The study objectives are:
To analyze and research the global Luxury Vehicles status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Luxury Vehicles manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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