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Luxury Car Market By Vehicle Type (Hatchback, Sedan, Sports utility vehicle, Others), By Fuel Type (ICE, Electric and hybrid), By Vehicle Class (Entry-level luxury, Mid-level luxury, Ultra luxury): Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 398 Pages
  • March 2023
  • Region: Global
  • Allied Market Research
  • ID: 5019936
Description Jump to:
Luxury cars are vehicles defined by more powerful engines, quieter interiors, better handling, advanced safety and electronic technology and rich leather. Luxury vehicles are equipped with advanced connectivity elements, autonomous driving options and the latest powertrain electrification technologies. Luxury car comprise connectivity services, driving performance, premium interior design, battery range, and autonomous driving features.

Luxury sedans are cars with a passenger compartment, which is permanently enclosed, It is manufactured with a common design pattern that includes A, B, and C pillars. A sedan is a car with seats for four or more people, a fixed roof, and a trunk that is separate from the seating area of ​​the car. The car contains 3 compartments built into its design and has 4 doors. The first compartment in the sedan is for the engine, the second and third are for the passenger compartment, and the trunk, respectively.

Luxury car manufacturers are focusing on producing luxury sedans with enhanced comfort, design, performance, and cutting-edge technology. For instance, in April 2022, BMW announced the launch of the BMW i7, an electric analog to its traditional gas-powered car BMW 7 Series. Moreover, numerous players operating in the market are introducing a new range of luxury vehicles, which fall under the sedan segment. In addition, there are various companies that offer luxury sedans with advanced hybrid technology to provide a suitable combination. For instance, Lexus provides LS, ES, and other luxury sedans with hybrid powertrains. Such developments as manufacturing zero-emission luxury sedans that provide refined performance is expected to drive the growth of the segment in the market.

The luxury car market is segmented on the basis of vehicle type, fuel type, vehicle class, and region. Based on vehicle type, it is segmented into hatchback, sedan, sport utility vehicle, and others. On the basis of fuel type, it is classified into ICE, and electric and hybrid. By vehicle class, it is categorized into entry-level luxury, mid-level luxury, and ultra-luxury. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some major companies operating in the market include Volkswagen AG, Daimler AG, Lexus, Infiniti, BMW AG, Volvo Car, Rolls-Royce plc, Aston Martin Lagonda, Tesla, and Ferrari N.V.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury car market analysis from 2021 to 2031 to identify the prevailing luxury car market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the luxury car market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global luxury car market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Vehicle Type

  • Hatchback
  • Sedan
  • Sports utility vehicle
  • Others

By Fuel Type

  • ICE
  • Electric and hybrid

By Vehicle Class

  • Entry-level luxury
  • Mid-level luxury
  • Ultra luxury

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Netherlands
  • Norway
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Rolls-Royce plc
  • Volvo Car Corporation
  • Aston Martin Lagonda
  • Daimler AG
  • Ferrari N.V.
  • Volkswagen AG
  • INFINITI (NISSAN MOTOR CORPORATION)
  • Tesla
  • BMW AG
  • Lexus (TOYOTA MOTOR CORPORATION)

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in demand for luxury vehicles
3.4.1.2. Increased demand for comfortable driving experience
3.4.2. Restraints
3.4.2.1. High cost of luxury cars
3.4.3. Opportunities
3.4.3.1. Production of electric luxury cars
3.4.3.2. Growing adoption of autonomous driving technology
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: LUXURY CAR MARKET, BY VEHICLE TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Hatchback
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Sedan
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Sports utility vehicle
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country
CHAPTER 5: LUXURY CAR MARKET, BY FUEL TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. ICE
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Electric and hybrid
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: LUXURY CAR MARKET, BY VEHICLE CLASS
6.1. Overview
6.1.1. Market size and forecast
6.2. Entry-level luxury
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Mid-level luxury
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Ultra luxury
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: LUXURY CAR MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Vehicle Type
7.2.3. Market size and forecast, by Fuel Type
7.2.4. Market size and forecast, by Vehicle Class
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Vehicle Type
7.2.5.1.3. Market size and forecast, by Fuel Type
7.2.5.1.4. Market size and forecast, by Vehicle Class
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Vehicle Type
7.2.5.2.3. Market size and forecast, by Fuel Type
7.2.5.2.4. Market size and forecast, by Vehicle Class
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Vehicle Type
7.2.5.3.3. Market size and forecast, by Fuel Type
7.2.5.3.4. Market size and forecast, by Vehicle Class
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Vehicle Type
7.3.3. Market size and forecast, by Fuel Type
7.3.4. Market size and forecast, by Vehicle Class
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Vehicle Type
7.3.5.1.3. Market size and forecast, by Fuel Type
7.3.5.1.4. Market size and forecast, by Vehicle Class
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Vehicle Type
7.3.5.2.3. Market size and forecast, by Fuel Type
7.3.5.2.4. Market size and forecast, by Vehicle Class
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Vehicle Type
7.3.5.3.3. Market size and forecast, by Fuel Type
7.3.5.3.4. Market size and forecast, by Vehicle Class
7.3.5.4. Netherlands
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Vehicle Type
7.3.5.4.3. Market size and forecast, by Fuel Type
7.3.5.4.4. Market size and forecast, by Vehicle Class
7.3.5.5. Norway
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Vehicle Type
7.3.5.5.3. Market size and forecast, by Fuel Type
7.3.5.5.4. Market size and forecast, by Vehicle Class
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Vehicle Type
7.3.5.6.3. Market size and forecast, by Fuel Type
7.3.5.6.4. Market size and forecast, by Vehicle Class
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Vehicle Type
7.4.3. Market size and forecast, by Fuel Type
7.4.4. Market size and forecast, by Vehicle Class
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Vehicle Type
7.4.5.1.3. Market size and forecast, by Fuel Type
7.4.5.1.4. Market size and forecast, by Vehicle Class
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Vehicle Type
7.4.5.2.3. Market size and forecast, by Fuel Type
7.4.5.2.4. Market size and forecast, by Vehicle Class
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Vehicle Type
7.4.5.3.3. Market size and forecast, by Fuel Type
7.4.5.3.4. Market size and forecast, by Vehicle Class
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Vehicle Type
7.4.5.4.3. Market size and forecast, by Fuel Type
7.4.5.4.4. Market size and forecast, by Vehicle Class
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Vehicle Type
7.4.5.5.3. Market size and forecast, by Fuel Type
7.4.5.5.4. Market size and forecast, by Vehicle Class
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Vehicle Type
7.5.3. Market size and forecast, by Fuel Type
7.5.4. Market size and forecast, by Vehicle Class
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Vehicle Type
7.5.5.1.3. Market size and forecast, by Fuel Type
7.5.5.1.4. Market size and forecast, by Vehicle Class
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Vehicle Type
7.5.5.2.3. Market size and forecast, by Fuel Type
7.5.5.2.4. Market size and forecast, by Vehicle Class
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Vehicle Type
7.5.5.3.3. Market size and forecast, by Fuel Type
7.5.5.3.4. Market size and forecast, by Vehicle Class
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Volkswagen AG
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. Daimler AG
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.3. Lexus (TOYOTA MOTOR CORPORATION)
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. INFINITI (NISSAN MOTOR CORPORATION)
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. BMW AG
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. Volvo Car Corporation
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Rolls-Royce plc
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.8. Aston Martin Lagonda
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. Tesla
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Ferrari N.V.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
List of Tables
TABLE 01. GLOBAL LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 02. LUXURY CAR MARKET FOR HATCHBACK, BY REGION, 2021-2031 ($MILLION)
TABLE 03. LUXURY CAR MARKET FOR SEDAN, BY REGION, 2021-2031 ($MILLION)
TABLE 04. LUXURY CAR MARKET FOR SPORTS UTILITY VEHICLE, BY REGION, 2021-2031 ($MILLION)
TABLE 05. LUXURY CAR MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
TABLE 06. GLOBAL LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 07. LUXURY CAR MARKET FOR ICE, BY REGION, 2021-2031 ($MILLION)
TABLE 08. LUXURY CAR MARKET FOR ELECTRIC AND HYBRID, BY REGION, 2021-2031 ($MILLION)
TABLE 09. GLOBAL LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 10. LUXURY CAR MARKET FOR ENTRY-LEVEL LUXURY, BY REGION, 2021-2031 ($MILLION)
TABLE 11. LUXURY CAR MARKET FOR MID-LEVEL LUXURY, BY REGION, 2021-2031 ($MILLION)
TABLE 12. LUXURY CAR MARKET FOR ULTRA LUXURY, BY REGION, 2021-2031 ($MILLION)
TABLE 13. LUXURY CAR MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 14. NORTH AMERICA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 15. NORTH AMERICA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 16. NORTH AMERICA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 17. NORTH AMERICA LUXURY CAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 18. U.S. LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 19. U.S. LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 20. U.S. LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 21. CANADA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 22. CANADA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 23. CANADA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 24. MEXICO LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 25. MEXICO LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 26. MEXICO LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 27. EUROPE LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 28. EUROPE LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 29. EUROPE LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 30. EUROPE LUXURY CAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 31. UK LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 32. UK LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 33. UK LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 34. GERMANY LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 35. GERMANY LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 36. GERMANY LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 37. FRANCE LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 38. FRANCE LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 39. FRANCE LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 40. NETHERLANDS LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 41. NETHERLANDS LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 42. NETHERLANDS LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 43. NORWAY LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 44. NORWAY LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 45. NORWAY LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 46. REST OF EUROPE LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 47. REST OF EUROPE LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 48. REST OF EUROPE LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 49. ASIA-PACIFIC LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 50. ASIA-PACIFIC LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 51. ASIA-PACIFIC LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 52. ASIA-PACIFIC LUXURY CAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 53. CHINA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 54. CHINA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 55. CHINA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 56. JAPAN LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 57. JAPAN LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 58. JAPAN LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 59. INDIA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 60. INDIA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 61. INDIA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 62. SOUTH KOREA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 63. SOUTH KOREA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 64. SOUTH KOREA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 65. REST OF ASIA-PACIFIC LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 66. REST OF ASIA-PACIFIC LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 67. REST OF ASIA-PACIFIC LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 68. LAMEA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 69. LAMEA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 70. LAMEA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 71. LAMEA LUXURY CAR MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 72. LATIN AMERICA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 73. LATIN AMERICA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 74. LATIN AMERICA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 75. MIDDLE EAST LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 76. MIDDLE EAST LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 77. MIDDLE EAST LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 78. AFRICA LUXURY CAR MARKET, BY VEHICLE TYPE, 2021-2031 ($MILLION)
TABLE 79. AFRICA LUXURY CAR MARKET, BY FUEL TYPE, 2021-2031 ($MILLION)
TABLE 80. AFRICA LUXURY CAR MARKET, BY VEHICLE CLASS, 2021-2031 ($MILLION)
TABLE 81. VOLKSWAGEN AG: KEY EXECUTIVES
TABLE 82. VOLKSWAGEN AG: COMPANY SNAPSHOT
TABLE 83. VOLKSWAGEN AG: PRODUCT SEGMENTS
TABLE 84. VOLKSWAGEN AG: SERVICE SEGMENTS
TABLE 85. VOLKSWAGEN AG: PRODUCT PORTFOLIO
TABLE 86. VOLKSWAGEN AG: KEY STRATEGIES
TABLE 87. DAIMLER AG: KEY EXECUTIVES
TABLE 88. DAIMLER AG: COMPANY SNAPSHOT
TABLE 89. DAIMLER AG: PRODUCT SEGMENTS
TABLE 90. DAIMLER AG: PRODUCT PORTFOLIO
TABLE 91. LEXUS (TOYOTA MOTOR CORPORATION): KEY EXECUTIVES
TABLE 92. LEXUS (TOYOTA MOTOR CORPORATION): COMPANY SNAPSHOT
TABLE 93. LEXUS (TOYOTA MOTOR CORPORATION): PRODUCT SEGMENTS
TABLE 94. LEXUS (TOYOTA MOTOR CORPORATION): PRODUCT PORTFOLIO
TABLE 95. LEXUS (TOYOTA MOTOR CORPORATION): KEY STRATEGIES
TABLE 96. INFINITI (NISSAN MOTOR CORPORATION): KEY EXECUTIVES
TABLE 97. INFINITI (NISSAN MOTOR CORPORATION): COMPANY SNAPSHOT
TABLE 98. INFINITI (NISSAN MOTOR CORPORATION): PRODUCT SEGMENTS
TABLE 99. INFINITI (NISSAN MOTOR CORPORATION): PRODUCT PORTFOLIO
TABLE 100. INFINITI (NISSAN MOTOR CORPORATION): KEY STRATEGIES
TABLE 101. BMW AG: KEY EXECUTIVES
TABLE 102. BMW AG: COMPANY SNAPSHOT
TABLE 103. BMW AG: PRODUCT SEGMENTS
TABLE 104. BMW AG: SERVICE SEGMENTS
TABLE 105. BMW AG: PRODUCT PORTFOLIO
TABLE 106. VOLVO CAR CORPORATION: KEY EXECUTIVES
TABLE 107. VOLVO CAR CORPORATION: COMPANY SNAPSHOT
TABLE 108. VOLVO CAR CORPORATION: PRODUCT SEGMENTS
TABLE 109. VOLVO CAR CORPORATION: PRODUCT PORTFOLIO
TABLE 110. ROLLS-ROYCE PLC: KEY EXECUTIVES
TABLE 111. ROLLS-ROYCE PLC: COMPANY SNAPSHOT
TABLE 112. ROLLS-ROYCE PLC: PRODUCT SEGMENTS
TABLE 113. ROLLS-ROYCE PLC: PRODUCT PORTFOLIO
TABLE 114. ASTON MARTIN LAGONDA: KEY EXECUTIVES
TABLE 115. ASTON MARTIN LAGONDA: COMPANY SNAPSHOT
TABLE 116. ASTON MARTIN LAGONDA: PRODUCT SEGMENTS
TABLE 117. ASTON MARTIN LAGONDA: PRODUCT PORTFOLIO
TABLE 118. ASTON MARTIN LAGONDA: KEY STRATEGIES
TABLE 119. TESLA: KEY EXECUTIVES
TABLE 120. TESLA: COMPANY SNAPSHOT
TABLE 121. TESLA: PRODUCT SEGMENTS
TABLE 122. TESLA: PRODUCT PORTFOLIO
TABLE 123. FERRARI N.V.: KEY EXECUTIVES
TABLE 124. FERRARI N.V.: COMPANY SNAPSHOT
TABLE 125. FERRARI N.V.: PRODUCT SEGMENTS
TABLE 126. FERRARI N.V.: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. LUXURY CAR MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF LUXURY CAR MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN LUXURY CAR MARKET (2022-2031)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALLUXURY CAR MARKET
FIGURE 10. LUXURY CAR MARKET, BY VEHICLE TYPE, 2021(%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR HATCHBACK, BY COUNTRY 2021 AND 2031(%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR SEDAN, BY COUNTRY 2021 AND 2031(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR SPORTS UTILITY VEHICLE, BY COUNTRY 2021 AND 2031(%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR OTHERS, BY COUNTRY 2021 AND 2031(%)
FIGURE 15. LUXURY CAR MARKET, BY FUEL TYPE, 2021(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR ICE, BY COUNTRY 2021 AND 2031(%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR ELECTRIC AND HYBRID, BY COUNTRY 2021 AND 2031(%)
FIGURE 18. LUXURY CAR MARKET, BY VEHICLE CLASS, 2021(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR ENTRY-LEVEL LUXURY, BY COUNTRY 2021 AND 2031(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR MID-LEVEL LUXURY, BY COUNTRY 2021 AND 2031(%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF LUXURY CAR MARKET FOR ULTRA LUXURY, BY COUNTRY 2021 AND 2031(%)
FIGURE 22. LUXURY CAR MARKET BY REGION, 2021
FIGURE 23. U.S. LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 24. CANADA LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 25. MEXICO LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 26. UK LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 27. GERMANY LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 28. FRANCE LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 29. NETHERLANDS LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 30. NORWAY LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 31. REST OF EUROPE LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 32. CHINA LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 33. JAPAN LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 34. INDIA LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 35. SOUTH KOREA LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 36. REST OF ASIA-PACIFIC LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 37. LATIN AMERICA LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 38. MIDDLE EAST LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 39. AFRICA LUXURY CAR MARKET, 2021-2031 ($MILLION)
FIGURE 40. TOP WINNING STRATEGIES, BY YEAR
FIGURE 41. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 42. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 43. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 44. COMPETITIVE DASHBOARD
FIGURE 45. COMPETITIVE HEATMAP: LUXURY CAR MARKET
FIGURE 46. TOP PLAYER POSITIONING, 2021
FIGURE 47. VOLKSWAGEN AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 48. VOLKSWAGEN AG: NET SALES, 2019-2021 ($MILLION)
FIGURE 49. VOLKSWAGEN AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 50. VOLKSWAGEN AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 51. DAIMLER AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 52. DAIMLER AG: NET SALES, 2019-2021 ($MILLION)
FIGURE 53. DAIMLER AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 54. DAIMLER AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 55. LEXUS (TOYOTA MOTOR CORPORATION): RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 56. LEXUS (TOYOTA MOTOR CORPORATION): NET SALES, 2019-2021 ($MILLION)
FIGURE 57. LEXUS (TOYOTA MOTOR CORPORATION): REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 58. LEXUS (TOYOTA MOTOR CORPORATION): REVENUE SHARE BY REGION, 2021 (%)
FIGURE 59. INFINITI (NISSAN MOTOR CORPORATION): RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 60. INFINITI (NISSAN MOTOR CORPORATION): NET SALES, 2019-2021 ($MILLION)
FIGURE 61. INFINITI (NISSAN MOTOR CORPORATION): REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 62. INFINITI (NISSAN MOTOR CORPORATION): REVENUE SHARE BY REGION, 2021 (%)
FIGURE 63. BMW AG: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 64. BMW AG: NET SALES, 2019-2021 ($MILLION)
FIGURE 65. BMW AG: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 66. BMW AG: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 67. ROLLS-ROYCE PLC: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 68. ROLLS-ROYCE PLC: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 69. ROLLS-ROYCE PLC: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 70. ROLLS-ROYCE PLC: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 71. ASTON MARTIN LAGONDA: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 72. ASTON MARTIN LAGONDA: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 73. ASTON MARTIN LAGONDA: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 74. ASTON MARTIN LAGONDA: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 75. TESLA: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 76. TESLA: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 77. TESLA: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 78. TESLA: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 79. FERRARI N.V.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 80. FERRARI N.V.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 81. FERRARI N.V.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 82. FERRARI N.V.: REVENUE SHARE BY REGION, 2021 (%)

Executive Summary

According to the report 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 $495.7billion in 2018, and is projected to reach $733.2billion by 2026, registering a CAGR of 5.2% from 2019 to 2026.

Presently, Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the Asia-Pacific luxury car market share in 2018 and is anticipated to exhibit a remarkable growth during the forecast period.

Leading luxury car manufacturers are in a close competition, in terms of sales of luxury vehicles in the U.S. luxury car market. For instance, luxury car manufacturer, Mercedes-Benz outsold BMW AG, a major player in market, for second consecutive month in November 2019 by surpassing BMW with2,508 vehicles. Leading providers of new and pre-owned vehicles in Canada are entering luxury cars market in Canada, which, in turn, is anticipated to boost the luxury car market in Canada. For instance, HGregoire, a company operating in new and pre-owned vehicle business entered the Canada luxury cars market with the opening of HGregoire INFINITI Laval.

Major players in the luxury car market in the UK are incorporating new carbon neutral luxury car factory, which, in turn, is anticipated to propel the market in the UK. For instance, Bentley Motors, a leading luxury car brand, incorporated UK'first carbon neutral luxury car factory. In addition, the factory’s electricity requirement is met by renewable energy resources. In addition, Luxury vehicle manufacturers in France are launching new range of luxury cars, which is anticipated to propel the growth of the market in France. In addition, on March 5, 2019, Bugatti, a French automaker, unveiled the world’s most expensive luxury vehicle at Geneva International Motor Show in Switzerland.

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.

Factors such as rise in demand for luxury vehicles and increased demand for comfortable driving experience propel the growth of luxury car market. However, high cost of luxury cars is anticipated to hinder the market growth. Further, production of electric luxury cars provides a remarkable growth opportunity for players operating in the luxury car market.

According to Lalit Katare& Anvay Sonpimple, Lead Analysts, Automotive and Transportation “On the basis of vehicle type, the sports utility vehicle (SUV)segment dominated the global luxury car market in 2018, in terms of revenue. In addition, on the basis of fuel type, the gasoline segment is expected to lead the market throughout the forecast period. Presently, Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA.”

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

The key players analyzed in this report are Volkswagen AG, Daimler AG, Lexus, Infiniti, BMW AG, Volvo Car, Audi AG, Aston Martin Lagonda, Tesla, and Ferrari N.V.

Companies Mentioned

  • Rolls-Royce plc
  • Volvo Car Corporation
  • Aston Martin Lagonda
  • Daimler AG
  • Ferrari N.V.
  • Volkswagen AG
  • INFINITI (NISSAN MOTOR CORPORATION)
  • Tesla
  • BMW AG
  • Lexus (TOYOTA MOTOR CORPORATION)

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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