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The luxury vehicle market is forecasted to grow by USD 217 billion during 2024-2029, accelerating at a CAGR of 6.7% during the forecast period. The report on the luxury vehicle market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising affluence and expanding high-net-worth demographics, demand for advanced technology, and ultra-personalization and bespoke offerings.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The luxury vehicle market is segmented as below:
By Type
- ICE
- Electric
- Hybrid
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Variant
- Non-autonomous
- Autonomous
By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
The report on the luxury vehicle market covers the following areas:
- Luxury Vehicle Market sizing
- Luxury Vehicle Market forecast
- Luxury Vehicle Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Vehicle Type
10 Market Segmentation by Variant
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global luxury vehicle market: Aston Martin Lagonda ltd, Bayerische Motoren Werke AG, BYD Co. Ltd., China FAW Group Co. Ltd., Dongfeng Motor Corporation Ltd, Ferrari NV, General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Lucid Group Inc., McLaren Group Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Rivian Automotive LLC, SAIC Motor Corp. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and Volvo Car Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is autonomous and ai-driven luxury experiences."
According to the report, one of the major drivers for this market is the rising affluence and expanding high-net-worth demographics.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aston Martin Lagonda ltd
- Bayerische Motoren Werke AG
- BYD Co. Ltd.
- China FAW Group Co. Ltd.
- Dongfeng Motor Corporation Ltd
- Ferrari NV
- General Motors Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Lucid Group Inc.
- McLaren Group Ltd.
- Mercedes Benz Group AG
- Nissan Motor Co. Ltd.
- Rivian Automotive LLC
- SAIC Motor Corp. Ltd.
- Tata Motors Ltd.
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
- Volvo Car Corp.