Press release
Luxury Car Market 2026 Next Big Thing after Covid-19 Pandemic | Major Giants - Ferrari, Audi AG, Aston Martin Lagonda, Volkswagen, Daimler, Lexus, Infiniti, BMW AG, Volvo Car, Tesla
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According to a recent report published by Allied Market Research, titled, "Luxury car Market by Vehicle Type and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global luxury car market size was valued at $495.7 billion in 2018, and is projected to reach $733.2 billion by 2026, registering a CAGR of 5.2% from 2019 to 2026.
The report offers key drivers that propel the growth in the global Luxury car market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
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Leading automobile manufacturers are entering the China luxury car market, which in turn is anticipated to drive the market in this country. For instance, Hyundai, a South Korean multinational automotive manufacturer is planning to launch Genesis, Hyundai's luxury vehicle division in China, which is expected to boost the luxury cars market in China. In addition, automotive giants operating in the luxury cars market in Japan are introducing new models of luxury vehicles with advanced features. For instance, on October 8, 2019, Toyota Motor Corporation announced its plans to release its new luxury car "Granace" in Japan.
The research offers a detailed segmentation of the global Luxury car market. Key segments analyzed in the research include by Vehicle Type (Hatchback, Sedan, and Sport utility vehicle) and Fuel Type (Gasoline, Diesel, and Electric), and geography. Extensive analysis of sales, revenue, growth rate, and market share of each FF and GG for the historic period and the forecast period is offered with the help of tables.
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The Luxury car market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
Key Findings of the Study
o On the basis of vehicle type, the sports utility vehicle segment is anticipated to exhibit a remarkable growth during the forecast period.
o On the basis of fuel type, the electric segment is anticipated to grow at the highest CAGR during the forecast period.
o Region wise, North America is the fastest growing region, followed by Europe, Asia-Pacific, and LAMEA.
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The research offers an extensive analysis of key players active in the global Luxury car industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Volkswagen AG, Daimler AG, Lexus, Infiniti, BMW AG, Volvo Car, Audi AG, Aston Martin Lagonda, Tesla, and Ferrari N.V., and others. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Press Release: 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
Surge in demand for luxury vehicles and preference for comfortable driving experience fuel the growth of the global luxury car market | Source: 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
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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