openPR Logo
Press release

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

04-01-2020 07:46 AM CET | Logistics & Transport

Press release from: Allied Market Research

Luxury Car Market Demand

Luxury Car Market Demand

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.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 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 here

News-ID: 1993937 • Views: 573

More Releases from Allied Market Research

Orthopedic Prosthetics Market Will Expand in the Coming Decade
Orthopedic Prosthetics Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and Orthopedic Prosthetics market recent progressions. The Orthopedic Prosthetics market report is prepared after fundamental levels of research regarding the Orthopedic Prosthetics Industry. Orthopedic Prosthetics Market by Product (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, and Modular Components) Technology (Conventional, Electric Powered, and Hybrid
Orthopedic Operating Tables Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Operating Tables Market by Technology (Non-powered Operating Tables and Powered Operating Tables) and End Users (Hospitals and Ambulatory Surgical Centers (ASCs)) – Global Opportunity and Forecast, 2019-2026”. The Global market size of Orthopedic Operating Tables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with
Orthopedic Consumables Market Analysis of The Current and Emerging Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Consumables Market by Product (Surgical Orthopedic Consumables, Wound-Management Orthopedic Consumables, and Others) and End Users (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), and Others) – Global Opportunity and Forecast, 2019-2026 The Global market size of Orthopedic Consumables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027
Intraosseous Infusion Device Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, “Intraosseous Infusion Device Market by Product Type (FAST1 device, Dieckmann Modified Needle, BIG device, EZ-IO device, Jamshidi Needle, FASTx device, and NIO), by Technology (Battery Powered Driver, Manual IO Needles, and Impact Driven Devices), by Route of Administration (Distal Femur, Sternum, Distal & Proximal Tibia, Calcaneus, and Head of Humerus), by End User (Hospitals, Emergency Medical Services, Ambulatory Surgical

All 5 Releases


More Releases for Car

Car Monitor Display
https://www.qandqmarketresearch.com/reports/7152010/car-monitor-display-market-78 Global Car Monitor Display Market Insights, Forecast to 2025 This report presents the worldwide Car Monitor Display market size value, production and consumption, splits the breakdown data status 20132018 and forecast to 2025, by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis. Download Free PDF Sample
Sports Car Industry Forecasts
Albany, New York, November 8, 2016: Market Research Hub has announced a new research report to its database, titled “Sports Car industry forecasts”. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial and consumer products. Far
Apple Car
Apple Car – The new Apple driverless car was unveiled it is said to be the top hybrid electric car. The Apple Car will change the automotive industry very soon, learn why, & discover what the Apple Driverless Car will contain. Apple Car - All over, an auto appears like a heartbreaking thing for Apple Inc. to manufacture. Autos are a fiercely commoditised, staggeringly costly, for the most part low-edge
Connected World - Connected Car
According to ABI research, the number of global users of telematics smartphone applications is set to explode in the next five years from 3.2 million to 129 million users. It is vital that automotive manufacturers keep up-to-date with developments in this field if they are to remain competitive in this fast-paced market. Because their customers won’t wait. At IQPC’s 4th International Conference Connected Vehicles from 12-14 April in Berlin, experts
Car insurance: Over 50 car insurance advantages
Over 50 car insurance It has been observed that older drivers tend to have a more mature approach towards driving than new drivers. Car insurance companies are more and more eager to target drivers aged 50 plus or those that have retired as older drivers are more experience, fewer accidents and more consistent. We can say older drivers are present less of a risk. This means the over 50s are less
Car Transport
Car transport services are something a person will most likely need if he or she is moving from one location to another and travelling by airplane or moving while owning more than two cars. Many people have more than one vehicle and sometimes the second or third car is a custom or classic car that shouldn’t be exposed to any type of elements for too long. A car transport service