Luxury SUV Market 2020-2024 | Preference for Safety and Comfort to Boost Growth | Technavio

LONDON--Technavio has been monitoring the luxury SUV market and it is poised to grow by 1.59 million units during 2020-2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corporation, Volkswagen AG, and Volvo Car Corp. are some of the major market participants. The preference for safety and comfort will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Preference for safety and comfort has been instrumental in driving the growth of the market.

Luxury SUV Market 2020-2024: Segmentation

Luxury SUV Market is segmented as below:

Type
- Mid-size Luxury SUVs
- Full-size Luxury SUVs
Geography
- North America
- APAC
- Europe
- South America
- MEA

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Luxury SUV Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our luxury SUV market report covers the following areas:

Luxury SUV Market size
Luxury SUV Market trends
Luxury SUV Market industry analysis

This study identifies rising production rate of electric luxury SUV models as one of the prime reasons driving the luxury SUV market growth during the next few years.

Luxury SUV Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the luxury SUV market, including some of the vendors such as BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corporation, Volkswagen AG, and Volvo Car Corp. Backed with competitive intelligence and benchmarking, our research reports on the luxury SUV market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Luxury SUV Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist luxury SUV market growth during the next five years
Estimation of the luxury SUV market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the luxury SUV market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of luxury SUV market vendors

Table Of Contents:

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Type

Market segments
Comparison by Type
Mid-size luxury SUVs - Market size and forecast 2019-2024
Full-size luxury SUVs - Market size and forecast 2019-2024
Market opportunity by Type

Customer Landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers – Demand led growth
Market challenges
Market trends

Vendor Landscape

Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
BMW AG
Daimler AG
Ford Motor Co.
General Motors Co.
Nissan Motor Co. Ltd.
Tata Motors Ltd.
Tesla Inc.
Toyota Motor Corporation
Volkswagen AG
Volvo Car Corp.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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