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Luxury Car Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 144 Pages
  • July 2022
  • Region: Global
  • IMARC Group
  • ID: 5633282
UP TO OFF until Dec 31st 2022
The global luxury car market reached a value of US$ 402.0 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 543.5 Billion by 2027, exhibiting a CAGR of 5.15% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Luxury cars are premium, technologically advanced motor vehicles that provide high-quality interiors, better performance, and several safety features. They also offer superior quality, improved comfort and innovative services at a higher price compared to economy and mid-sized cars. They are usually equipped with leather seats, maps, cameras, and upgraded suspension and engines. Besides this, they include anti-kidnapping heartbeat monitor, top speed key, jump seat, trunk hinges, starlight headliner, gear selector, pop-up tweeters, air vent slats and other features. As a result, luxury cars are gaining traction around the world.

Luxury Car Market Trends:

Significant increase in tangible luxury offerings within a vehicle and rising disposable incomes of individuals are shifting consumer preferences towards luxury car brands. This represents one of the key factors propelling market growth. Apart from this, due to growing environmental concerns, governing agencies and environmental associations of several countries are reinforcing emission norms. Consequently, there is a rise in the demand for sustainable and eco-friendly transportation, such as electric luxury vehicles across the globe. The market is also driven by the rising adoption of pre-owned luxury cars on account of the easy access to financing, lower entry prices, and annual maintenance contracts. Furthermore, leading manufacturers are coming up with next-generation smart mobility technologies, such as personal voice assistance, autonomous driving, and retina recognition. They are also extensively investing in research and development (R&D) activities to integrate artificial intelligence (AI) and machine learning (ML) technologies, which is creating a favorable market outlook.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global luxury car market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, fuel type and price range.

Breakup by Vehicle Type:

  • Hatchback
  • Sedan
  • Sports Utility Vehicle

Breakup by Fuel Type:

  • Gasoline
  • Diesel
  • Electric

Breakup by Price Range:

  • Entry-Level
  • Mid-Level
  • High-End
  • Ultra

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Aston Martin Lagonda Global Holding Plc, BMW AG, Daimler AG, Ferrari N.V., Nissan Motor Company Ltd., Tesla Inc, Toyota Motor Corporation and Volkswagen AG.

Key Questions Answered in This Report:

  • How has the global luxury car market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global luxury car market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the price range?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global luxury car market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Luxury Car Market

What is the estimated value of the Global Luxury Car Market?

The Global Luxury Car Market was estimated to be valued at $402 Billion in 2021.

What is the growth rate of the Global Luxury Car Market?

The growth rate of the Global Luxury Car Market is 5.1%, with an estimated value of $543.5 Billion by 2027.

What is the forecasted size of the Global Luxury Car Market?

The Global Luxury Car Market is estimated to be worth $543.5 Billion by 2027.

Who are the key companies in the Global Luxury Car Market?

Key companies in the Global Luxury Car Market include AB Volvo, Aston Martin Lagonda Global Holding Plc, BMW AG, Daimler AG, Ferrari N.V., Nissan Motor Company Ltd., Tesla Inc and Volkswagen AG..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Luxury Car Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Hatchback
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sedan
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sports Utility Vehicle
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Fuel Type
7.1 Gasoline
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Diesel
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Electric
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Price Range
8.1 Entry-Level
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mid-Level
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 High-End
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Ultra
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AB Volvo
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Aston Martin Lagonda Global Holding Plc
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 BMW AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Daimler AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Ferrari N.V.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Nissan Motor Company Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Tesla Inc
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Toyota Motor Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Volkswagen AG
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
List of Figures
Figure 1: Global: Luxury Car Market: Major Drivers and Challenges
Figure 2: Global: Luxury Car Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Luxury Car Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Luxury Car Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Luxury Car Market: Breakup by Fuel Type (in %), 2021
Figure 6: Global: Luxury Car Market: Breakup by Price Range (in %), 2021
Figure 7: Global: Luxury Car Market: Breakup by Region (in %), 2021
Figure 8: Global: Luxury Car (Hatchback) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Luxury Car (Hatchback) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Luxury Car (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Luxury Car (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Luxury Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Luxury Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Luxury Car (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Luxury Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Luxury Car (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Luxury Car (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Luxury Car (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Luxury Car (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Luxury Car (Entry-Level) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Luxury Car (Entry-Level) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Luxury Car (Mid-Level) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Luxury Car (Mid-Level) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Luxury Car (High-End) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Luxury Car (High-End) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Luxury Car (Ultra) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Luxury Car (Ultra) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Luxury Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Luxury Car Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Luxury Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Luxury Car Industry: SWOT Analysis
Figure 78: Global: Luxury Car Industry: Value Chain Analysis
Figure 79: Global: Luxury Car Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Luxury Car Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Luxury Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Luxury Car Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 4: Global: Luxury Car Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 5: Global: Luxury Car Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Luxury Car Market: Competitive Structure
Table 7: Global: Luxury Car Market: Key Players

Companies Mentioned

  • AB Volvo
  • Aston Martin Lagonda Global Holding Plc
  • BMW AG
  • Daimler AG
  • Ferrari N.V.
  • Nissan Motor Company Ltd.
  • Tesla Inc
  • Toyota Motor Corporation
  • Volkswagen AG.

Methodology

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