Top Companies in Luxury Car Market : Covid-19 Impact Analysis & Top Players Profile Analysis - Mercedes Benz, BMW, Audi, Tesla, Lexus, Cadillac, Volvo, Jaguar, Porsche

Luxury car segment is often the first one to introduce new & revolutionary technologies to the market. Innovations such as massaging Seats, AirScarf, Self-closing doors, Blind spot monitoring features are initially introduced in Luxury cars.
Electric cars traditionally have not enjoyed massive success in the luxury car market. But this is expected to change in the future. The Global Luxury Cars market was valued at USD xx billion in 2018 and is expected to reach USD xx billion by 2026, with a CAGR of xx% during the forecast period 2019-2026.

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Drivers and restraints:
The luxury car market is less sensitive to price than the broader automotive Industry. Luxury car segment is generally less affected by financial downturn.

Increasing demand for luxury cars from developing countries is driving the market. The rise of environment friendly cars is a big trend in the market.

The rise in ridesharing facilities is restraining the luxury car market. Electric vehicles will further shape the market in the future.

Increasing sales of pre-owned luxury or used cars is the key restraint for the luxury car market globally.

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Market Segmentation:
Global Luxury Cars market is segmented by car size and by region.

By size, the market is segmented into small, mid-size, and large luxury cars. Small size luxury cars is the biggest segment in the market, as they are affordable for consumers especially from developing countries.

Geographical Segmentation:
By region, the market is segmented into North America, South America, Europe, Asia-pacific, rest of the world. Asia-pacific is the largest market mostly due to China. The luxury car market in China is expected to drive the market in the forecast period with increasing consumer confidence. Thus China accounts for much of the growth in the luxury car market. India has a large passenger car market, but luxury cars make a very small percentage of the total demand. The share of luxury cars market in India is expected to grow due to rise of affluent middle class population.

Competitive landscape:
Major Players in the market include Mercedes Benz, BMW, Audi, Tesla, Lexus, Cadillac, Vol-vo, Jaguar, Porsche, and Infiniti.

German automakers Mercedes Benz, BMW, and Audi dominate the market. Mercedes Benz remained the biggest luxury carmaker in 2017 for the second consecutive year due to tre-mendous growth in China. Tesla was the most significant player in the large luxury cars in the US in 2017.

Key market segments covered
By Size
Small luxury car
Mid-size luxury car
Large luxury car

By Region
Asia Pacific
Europe
North America
South America
Rest of the World

Target Audience
Government Agencies
Product Suppliers/ Buyers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Emerging Companies
Manufacturers

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