Press release
Global Large Suvs Market: Industry Outlook, Growth Prospects, Key Opportunities, Size, Share And Latest Trends Forecast To 2031 | Stellantis N.V., Toyota Motor Corporation, Groupe Renault, Volkswagen, Hyundai Motor Company, Volvo Cars
Large SUVs Market
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The global large SUV market report by the business research company identifies rising popularity of sports utility vehicles to be a major growth driver for the large SUV market. The rising popularity of sports utility vehicles among users is expected to propel the growth of the large SUV market going forward. A sport utility vehicle refers to a 4-wheeler vehicle that is powerful and can be driven over rough terrains. The rising popularity of sport utility vehicles is due to their safety features, availability of space, fuel efficiency, and various other reasons and this popularity helps large SUV manufacturers to come up with better and large SUVs to serve their customers.
The global large SUVs market size is expected to grow from $326.46 billion in 2021 to $360.87 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The large SUVs market is expected to grow to $516.99 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%.
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North America was the largest region in the large SUVs market in 2021. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in large SUVs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the large SUV market are Stellantis N.V., Toyota Motor Corporation, Groupe Renault, Volkswagen, Hyundai Motor Company, Volvo Cars, Suzuki Motor Corporation, The General Motors Company, Ford Motor Company, Bayerische Motoren Werke AG, Zhejiang Geely Holding Group Co., Mercedes-Benz Group AG, Kia Corporation, Nissan Motor Co. Ltd., and SAIC Motor Corp. Ltd.
The global large SUV market is segmented -
1) By Fuel Type: Petrol, Diesel, Electric, Other Fuel Types
2) By Price Range: Medium, Premium
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The Large SUV Market Report Contents Include
1. Executive Summary
2. Large SUVs Market Characteristics
3. Large SUVs Market Trends And Strategies
4. Large SUVs Market - Macro Economic Scenario
5. Large SUVs Market Size And Growth
....
27. Large SUVs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Large SUVs Market
29. Large SUVs Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the large SUV market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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