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Luxury Car Market Size, Share & Trends Analysis Report By Vehicle Type (Hatchback, Sedan, Sports Utility), By Propulsion Type (Internal Combustion Engine (ICE), Electric), By Region, And Segment Forecasts, 2025 - 2030- Product Image
Luxury Car Market Size, Share & Trends Analysis Report By Vehicle Type (Hatchback, Sedan, Sports Utility), By Propulsion Type (Internal Combustion Engine (ICE), Electric), By Region, And Segment Forecasts, 2025 - 2030- Product Image
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Luxury Car Market Size, Share & Trends Analysis Report By Vehicle Type (Hatchback, Sedan, Sports Utility), By Propulsion Type (Internal Combustion Engine (ICE), Electric), By Region, And Segment Forecasts, 2025 - 2030

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  • 130 Pages
  • June 2025
  • Region: Global
  • Grand View Research
  • ID: 5748306
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Luxury Car Market Growth & Trends

The global luxury car market size is estimated to reach USD 1.04 trillion by 2030, expanding at a CAGR of 7.2% from 2025 to 2030. The demand for luxury cars is expected to grow owing to the increasing adoption of smart-connectivity features and advanced driver-assistance systems (ADAS) in luxury cars.

The COVID-19 outbreak had a negative impact. The demand for luxury cars by dealers and consumers declined significantly due to the lockdown measures imposed across the world. The COVID-19 along with the semiconductors shortage led to production stoppages and supply bottlenecks throughout the entire automotive industry. According to the European Automobile Manufacturers’ Association (ACEA), private vehicle registrations in Europe were contracted by 38.1% year-on-year for the first half of 2020.

According to the International Energy Agency (IEA), worldwide spending on electric vehicles by the consumers and governments experienced a significant rise during 2021 as the spending doubled as compared to 2020, reaching approximately USD 250.0 billion. In 2021, government spending including purchase subsidies and tax exemptions increased to USD 30 billion approximately.

Luxury Car Market Report Highlights

  • Based on vehicle type, the sports utility segment accounted for the maximum revenue share of 58.0% in 2024. Customers prefer sports utility vehicles owing to their various advantages such as extra space to carry extra cargo or passengers, all-wheel drive ability, and high-ground clearance.
  • Based on propulsion type, the electric segment is expected to grow at the fastest CAGR during the forecast period. Increasing adoption of electric vehicles owing to low running and maintenance costs, convenient charging, and the enhanced driving experience is pushing the segment growth.
  • The Europe luxury car industry was identified as a lucrative region in 2024 and is expected to retain its position during the forecast period. This can be attributed to the presence of prominent market players in the region. Moreover, the highly developed automotive market and resilient supply chain are aiding the market growth of the region.
  • In May 2025, Audi, a subsidiary of Volkswagen, announced the upcoming RS5 Avant, a plug-in hybrid with a V6 engine producing approximately 600 horsepower. This model blends high performance with fuel efficiency, expanding Audi’s electrified luxury offerings for performance-driven consumers.
  • The MMC technology is integrated with google, Alexa home, and various navigation system apps.

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 2 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Luxury Car Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Luxury Car Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Luxury Car Market: Vehicle Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Luxury Car Market: Vehicle Type Movement Analysis, 2024 & 2030 (USD Billion)
4.3. Hatchback
4.3.1. Hatchback Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Sedan
4.4.1. Sedan Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Sports Utility
4.5.1. Sports Utility Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Luxury Car Market: Propulsion Type Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Luxury Car Market: Propulsion Type Movement Analysis, 2024 & 2030 (USD Billion)
5.3. Internal Combustion Engine (ICE)
5.3.1. Internal Combustion Engine (ICE) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Electric
5.4.1. Electric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Luxury Car Market: Regional Estimates & Trend Analysis
6.1. Luxury Car Market Share, By Region, 2024 & 2030 (USD Billion)
6.2. North America
6.2.1. North America Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.2. U.S.
6.2.2.1. U.S. Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.3. Canada
6.2.3.1. Canada Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.4. Mexico
6.2.4.1. Mexico Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
6.3.1. Europe Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.2. UK
6.3.2.1. UK Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.3. Germany
6.3.3.1. Germany Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.4. France
6.3.4.1. France Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
6.4.1. Asia Pacific Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.2. China
6.4.2.1. China Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.3. Japan
6.4.3.1. Japan Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.4. India
6.4.4.1. India Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.5. South Korea
6.4.5.1. South Korea Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.6. Australia
6.4.6.1. Australia Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
6.5.1. Latin America Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.2. Brazil
6.5.2.1. Brazil Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.2. UAE
6.6.2.1. UAE Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.3. KSA
6.6.3.1. KSA Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.4. South Africa
6.6.4.1. South Africa Luxury Car Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Positioning
7.3. Company Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. BMW AG
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.4.2. Aston Martin
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Strategic Initiatives
7.4.3. Volkswagen
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Strategic Initiatives
7.4.4. General Motors
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Strategic Initiatives
7.4.5. Mercedes-Benz Group AG
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Strategic Initiatives
7.4.6. Stellantis NV
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Strategic Initiatives
7.4.7. Tesla
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Strategic Initiatives
7.4.8. TOYOTA MOTOR CORPORATION
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Strategic Initiatives
7.4.9. Tata Motors Limited
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Strategic Initiatives
7.4.10. Volvo Car Corporation
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Strategic Initiatives
List of Tables
Table 1 Global Luxury Car Market size estimates & forecasts, 2018 - 2030 (USD Billion)
Table 2 Global Luxury Car Market, by region, 2018 - 2030 (USD Billion)
Table 3 Global Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 4 Global Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 5 Hatchback market, by region, 2018 - 2030 (USD Billion)
Table 6 Sedan market, by region, 2018 - 2030 (USD Billion)
Table 7 Sports Utility market, by region, 2018 - 2030 (USD Billion)
Table 8 Internal Combustion Engine (ICE) market, by region, 2018 - 2030 (USD Billion)
Table 9 Electric market, by region, 2018 - 2030 (USD Billion)
Table 10 North America Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 11 North America Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 12 U.S. Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 13 U.S. Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 14 Canada Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 15 Canada Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 16 Mexico Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 17 Mexico Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 18 Europe Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 19 Europe Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 20 UK Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 21 UK Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 22 Germany Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 23 Germany Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 24 France Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 25 France Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 26 Asia Pacific Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 27 Asia Pacific Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 28 China Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 29 China Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 30 India Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 31 India Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 32 Japan Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 33 Japan Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 34 Australia Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 35 Australia Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 36 South Korea Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 37 South Korea Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 38 Latin America Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 39 Latin America Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 40 Brazil Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 41 Brazil Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 42 MEA Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 43 MEA Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 44 UAE Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 45 UAE Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 46 KSA Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 47 KSA Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
Table 48 South Africa Luxury Car Market, by Vehicle Type, 2018 - 2030 (USD Billion)
Table 49 South Africa Luxury Car Market, by Propulsion Type, 2018 - 2030 (USD Billion)
List of Figures
Fig. 1 Luxury Car Market segmentation
Fig. 2 Market research deployment mode
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation & validation
Fig. 9 Luxury Car Market snapshot
Fig. 10 Luxury Car Market segment snapshot
Fig. 11 Luxury Car Market competitive landscape snapshot
Fig. 12 Market research deployment mode
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 Luxury Car Market: Vehicle Type outlook key takeaways (USD Billion)
Fig. 16 Luxury Car Market: Vehicle Type movement analysis (USD Billion), 2024 & 2030
Fig. 17 Hatchback market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 18 Sedan market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 19 Sports Utility market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 20 Luxury Car Market: Propulsion Type outlook key takeaways (USD Billion)
Fig. 21 Luxury Car Market: Propulsion Type movement analysis (USD Billion), 2024 & 2030
Fig. 22 Internal Combustion Engine (ICE) market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Electric market revenue estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Regional marketplace: Key takeaways
Fig. 25 Luxury Car Market: Regional outlook, 2024 & 2030, USD Billion
Fig. 26 North America Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 27 U.S. Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 28 Canada Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 29 Mexico Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 30 Europe Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 31 UK Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 32 Germany Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 33 France Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 34 Asia Pacific Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 35 Japan Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 36 China Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 37 India Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 38 Australia Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 39 South Korea Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 40 Latin America Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 41 Brazil Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 42 MEA Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 43 KSA Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 44 UAE Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 45 South Africa Luxury Car Market estimates and forecasts, 2018 - 2030 (USD Billion)
Fig. 46 Strategy framework
Fig. 47 Company Categorization

Companies Mentioned

  • BMW AG
  • Aston Martin
  • Volkswagen
  • General Motors
  • Mercedes-Benz Group AG
  • Stellantis NV
  • Tesla
  • TOYOTA MOTOR CORPORATION
  • Tata Motors Limited
  • Volvo Car Corporation

Table Information

Report AttributeDetails
No. of Pages130
PublishedJune 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 695.92 Billion
Forecasted Market Value ( USD ) by 2030 $ 1040 Billion
Compound Annual Growth Rate7.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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