SUV Market: 2019 Analysis by Daimler AG, General Motors, Hyundai Motor Company, TOYOTA MOTOR CORPORATION, Honda Motor Co., Ltd., BYD Company Ltd., BMW AG, Volkswagen AG, Nissan, Fiat Chrysler Automobiles, MITSUBISHI MOTORS CORPORATION

SUV Market report delivers a detailed study with present and upcoming opportunities to simplify the future investment in the market. The problems from different functional areas of marketing are covered here and include consumer behaviour, product, sales, distribution channel, pricing, ad and physical distribution. With a formalised and managerial approach, marketing research has been performed in this SUV Market report to offer the best solution. Moreover, this SUV Market report also makes available strategic profiling of key players in the Automotive industry, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

Get a Free Sample Report Now @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-suv-market

Key Market Competitors: Global SUV Market

Few of the major competitors currently working in the global SUV market are

• Daimler AG;
• General Motors;
• Hyundai Motor Company;
• TOYOTA MOTOR CORPORATION;
• Honda Motor Co., Ltd.;
• BYD Company Ltd.;
• BMW AG;
• Volkswagen AG;
• Nissan;
• Fiat Chrysler Automobiles;
• MITSUBISHI MOTORS CORPORATION;
• Ford Motor Company;
• Groupe Renault;
• Geely Auto;
• Groupe PSA;
• Great Wall Motors;
• Mazda Motor Corporation;
• Changan Automobile;
• Tata Motors;
• Guangzhou Automobile Group Motor Co., Ltd. (GAC MOTOR);
• suzuki motor corporation;
• SAIC Motor Corporation Limited;
• Dongfeng Motor Company;
• Mahindra & Mahindra Ltd.;
• CHERY;
• SUBARU CORPORATION and Tesla.

Global SUV market is expected to register a healthy CAGR of 12.23% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing levels of investments carried out by various automobile manufacturers to develop innovative and technologically advanced vehicles along with consumer preferences to have vehicles that include safety, infotainment & comfort for off-roading.

Key Developments in the Market:

• In May 2019, Hyundai Motor Company announced the launch of their new compact SUV for the Indian market branded as “Venue” priced in the range of Rupees 6.5-11.10 lakh. The car is the first connected car provided by the manufacturer in the Indian market. The product is available with seven different colours.

• In January 2019, Tata Motors announced the launch of their new SUV branded as “Harrier” priced from Rupees 12.69 lakh and upwards. The car available in two seating options 5 and 7 seaters and three different driving modes are available; “City”, “Sport” and “Eco”. The car will be initially launched as a compact SUV but later variants will include expanded seating and prices are expected to rise to Rupees 16.25 lakh.

Market Definition:

SUV (Sports Utility Vehicle) are an expanded version of the passenger vehicles that extract the features of light commercial vehicles and passenger vehicles and combine to offer enhanced passenger carrying or load-carrying capacity & offer the comfort along with efficiency of passenger vehicles. SUV’s are classified based on their seating capacity but a minimum of five seating capacity is required in vehicles for them to be termed as SUV. They offer enhanced performance, comfort over long routes and four-wheel drive capabilities.

Market Drivers:

• Growing awareness regarding the benefits and capabilities of these vehicles such as greater comfort, off-roading capabilities, greater capacity are factors expected to drive the growth of the market

• Growth in the living standards of Asia-Pacific region is expected to significantly drive the growth of the market

Market Restraints:

• Low fuel efficiency and large costs of the product amid concerns regarding the environment is expected to restrain the market growth

• Significant costs of maintenance and increased rates of insurance from many regions for these vehicles are also restraining the growth of the market

Order a Copy of This Research Report @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-suv-market

Segmentation:

By Type

• SUV-C
• SUV-D
• SUV-E
• SUV-F

By Size

• Mini-SUV
• Compact
• Mid-Size
• Full-Size
• Extended-Length

By Ignition Type

• Diesel
• Petrol
• Electric
• Hybrid
• Others

By Price Range

• Medium
• Premium

By Application

• Remote Areas
• Recreation
• Motorsport

By Geography

• North America

• South America

• Europe

• Asia-Pacific

• Middle East & Africa

Competitive Analysis:

Global SUV market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of SUV market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

For Detailed TOC Global SUV Market Report @ https://databridgemarketresearch.com/toc/?dbmr=global-suv-market

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

This release was published on openPR.