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Luxury Car Market by Vehicle Type and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5019936
  • Report
  • February 2020
  • Region: Global
  • 196 pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Aston Martin Lagonda
  • Audi AG
  • BMW AG
  • Daimler AG
  • Ferrari N.V.
  • Infiniti
Luxury cars can be identified by their cost and brand name. An automobile that has extra and high-quality features for comfort of passengers is considered as a luxury car. In addition, a luxury car is equipped with high level and most up-to-date safety features such as big touch screens, which are not a standard partofall cars. Moreover, luxury cars have high end interior elements such as leather wrapped steering wheels, leather seating, and stereo equipment.

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

The global luxury car market is segmented on the basis of vehicle type, fuel type, and region. On the basis of vehicle type, it is divided into hatchback, sedan, and sports utility vehicle. By fuel type, it is categorized into gasoline, diesel, and electric. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global luxury car market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Vehicle Type
  • Hatchback
  • Sedan
  • Sports utility vehicle (SUV)
By Fuel Type
  • Gasoline
  • Diesel
  • Electric
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Netherlands
  • Norway
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
KEY MARKET PLAYERS
  • Volkswagen AG
  • Daimler AG
  • Lexus
  • Infiniti
  • BMW AG
  • Volvo Car
  • Audi AG
  • Aston Martin Lagonda
  • Tesla
  • Ferrari N.V.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aston Martin Lagonda
  • Audi AG
  • BMW AG
  • Daimler AG
  • Ferrari N.V.
  • Infiniti
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
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
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market Share Analysis (2018)
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increasing demand for luxury vehicles
3.5.1.2. Increased demand for comfortable driving experience
3.5.2. Restraint
3.5.2.1. High cost of luxury cars
3.5.3. Opportunities
3.5.3.1. Production of electric luxury cars

CHAPTER 4: LUXURY CAR MARKET, BY VEHICLE TYPE
4.1. Overview
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 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 analysis by country
4.4. Sport 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 analysis by country

CHAPTER 5: LUXURY CAR MARKET, BY FUEL TYPE
5.1. Overview
5.2. Gasoline
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Diesel
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Electric
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

CHAPTER 6: LUXURY CAR MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by vehicle type
6.2.3. Market size and forecast, by Fuel type
6.2.4. Market analysis by country
6.2.4.1. U.S.
6.2.4.1.1. Market size and forecast, by vehicle type
6.2.4.1.2. Market size and forecast, by Fuel type
6.2.4.2. Canada
6.2.4.2.1. Market size and forecast, by vehicle type
6.2.4.2.2. Market size and forecast, by Fuel type
6.2.4.3. Mexico
6.2.4.3.1. Market size and forecast, by vehicle type
6.2.4.3.2. Market size and forecast, by Fuel type
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by vehicle type
6.3.3. Market size and forecast, by Fuel type
6.3.4. Market analysis by country
6.3.4.1. UK
6.3.4.1.1. Market size and forecast, by vehicle type
6.3.4.1.2. Market size and forecast, by Fuel type
6.3.4.2. Germany
6.3.4.2.1. Market size and forecast, by vehicle type
6.3.4.2.2. Market size and forecast, by Fuel type
6.3.4.3. France
6.3.4.3.1. Market size and forecast, by vehicle type
6.3.4.3.2. Market size and forecast, by Fuel type
6.3.4.4. Netherlands
6.3.4.4.1. Market size and forecast, by vehicle type
6.3.4.4.2. Market size and forecast, by Fuel type
6.3.4.5. Norway
6.3.4.5.1. Market size and forecast, by vehicle type
6.3.4.5.2. Market size and forecast, by Fuel type
6.3.4.6. Rest of Europe
6.3.4.6.1. Market size and forecast, by vehicle type
6.3.4.6.2. Market size and forecast, by Fuel type
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by vehicle type
6.4.3. Market size and forecast, by Fuel type
6.4.4. Market analysis by country
6.4.4.1. China
6.4.4.1.1. Market size and forecast, by vehicle type
6.4.4.1.2. Market size and forecast, by Fuel type
6.4.4.2. Japan
6.4.4.2.1. Market size and forecast, by vehicle type
6.4.4.2.2. Market size and forecast, by Fuel type
6.4.4.3. India
6.4.4.3.1. Market size and forecast, by vehicle type
6.4.4.3.2. Market size and forecast, by Fuel type
6.4.4.4. South Korea
6.4.4.4.1. Market size and forecast, by vehicle type
6.4.4.4.2. Market size and forecast, by Fuel type
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market size and forecast, by vehicle type
6.4.4.5.2. Market size and forecast, by Fuel type
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by vehicle type
6.5.3. Market size and forecast, by Fuel type
6.5.4. Market analysis by country
6.5.4.1. Latin America
6.5.4.1.1. Market size and forecast, by vehicle type
6.5.4.1.2. Market size and forecast, by Fuel type
6.5.4.2. Middle East
6.5.4.2.1. Market size and forecast, by vehicle type
6.5.4.2.2. Market size and forecast, by Fuel type
6.5.4.3. Africa
6.5.4.3.1. Market size and forecast, by vehicle type
6.5.4.3.2. Market size and forecast, by Fuel type

CHAPTER 7: COMPANY PROFILES
7.1. Volkswagen AG
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. DAIMLER AG
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.3. Lexus (TOYOTA MOTOR CORPORATION)
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. Business performance
7.3.5. Key strategic moves and developments
7.4. Infiniti (Nissan Motor Corporation)
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Product portfolio
7.4.4. Business performance
7.5. BMW AG
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments
7.6. Volvo Car
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments
7.7. AUDI AG
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. ASTON MARTIN LAGONDA
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.9. Tesla
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.10. Ferrari N.V.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Product portfolio
7.10.4. Business performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aston Martin Lagonda
  • Audi AG
  • BMW AG
  • Daimler AG
  • Ferrari N.V.
  • Infiniti
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.
Note: Product cover images may vary from those shown
  • Volkswagen AG
  • Daimler AG
  • Lexus
  • Infiniti
  • BMW AG
  • Volvo Car
  • Audi AG
  • Aston Martin Lagonda
  • Tesla
  • Ferrari N.V.
Note: Product cover images may vary from those shown

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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