Luxury Car Market - Surge in Demand for Luxury Vehicles | North America Region to Rise at 6.7% CAGR | Ferrari, Tesla, Volkswagen AG, BMW AG, Volvo Car, Audi AG,Daimler AG, Lexus, Infiniti, Aston Martin Lagonda

Key Findings of the Luxury Car Market Study:

1. On the basis of vehicle type, the sports utility vehicle segment is anticipated to exhibit a remarkable growth during the forecast period.
2. On the basis of fuel type, the electric segment is anticipated to grow at the highest CAGR during the forecast period.
3. Region wise, North America is the fastest growing region, followed by Europe, Asia-Pacific, and LAMEA.

According to the research published by Allied Market Research, the global luxury car market generated $495.7 billion in 2018, and is estimated to garner $733.2 billion by 2026, registering at a CAGR of 5.2% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key segments, current market size & estimations, market share, and competitive landscape.

Request Sample Report (196 Pages with Insights): https://www.alliedmarketresearch.com/request-sample/6345

Increase in demand for luxury vehicles and preference for comfortable driving experience fuel the growth of the global luxury car market. However, high cost of luxury cars hinders the market growth. On the other hand, emergence of electric luxury cars and efforts toward improving quality, offering better equipment, and enhancing comfort provide lucrative opportunities in the market.

On the basis of vehicle type, the sport utility vehicle (SUV) segment held nearly half of the total share of the market in 2018, and is expected to lead during the forecast period. Moreover, this segment is estimated to grow at the fastest CAGR of 5.9% from 2019 to 2026. This is attributed to inclination of new luxury SUVs range that provide better comfort and driving experience. The research also discusses the segments such as sedan and hatchback.

Interested in Procuring the Data? Inquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/6345

On the basis of fuel type, the gasoline segment accounted for the highest share of the total market, contributing for more than two-thirds of the global luxury car market in 2018, and is expected to maintain dominance in terms of revenue by 2026. However, the electric segment would grow at the fastest CAGR of 9.7% during the forecast period, owing to increase in fuel efficient vehicle demand and government regulations taken for emission control.

Based on the region, North America is expected to register the highest CAGR of 6.7% from 2019 to 2026, owing to major players foraying into the region and opening of new car stores. However, Asia-Pacific held the largest market share in terms of revenue, accounting for nearly half of the total market share in 2018, and is expected to continue to maintain its leadership status during the forecast period. This is attributed to emergence of new range of luxury vehicles and expanding automobile manufacturers in the region.

Schedule a Free Call with Our Analysts/Industry Experts: https://www.alliedmarketresearch.com/connect-to-analyst/6345

Leading market players analyzed in the luxury car market research include Volkswagen AG, Lexus, Daimler AG, BMW AG, Infiniti, Audi AG, Volvo Car, Tesla, Aston Martin Lagonda, and Ferrari N.V.

Avenue | The Market Research Library Access

Avenue, a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Avenue is a premium subscription-based model that serves as an informative solution on which the world-leading companies can rely on.

Sign up and start using your 14-day free trial: https://www.alliedmarketresearch.com/avenueTrial

AMR Press Releases:

Luxury Car Market to Reach $733.2 Billion by 2026: Allied Market Research | Surge in demand for luxury vehicles and preference for comfortable driving experience fuel the growth of the global luxury car market | https://www.globenewswire.com/news-release/2020/03/24/2005573/0/en/Luxury-Car-Market-to-Reach-733-2-Billion-by-2026-Allied-Market-Research.html

Luxury Car Market to Reach $733.2 Bn, Globally, by 2026 at 5.2% CAGR: Allied Market Research | Surge in demand for luxury vehicles and inclination toward comfortable driving experience drive the growth of the global luxury car market | https://www.prnewswire.com/news-releases/luxury-car-market-to-reach-733-2-bn-globally-by-2026-at-5-2-cagr-allied-market-research-301006445.html

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.