Luxury Vehicles Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-142 | Report Format : | Status : Upcoming |

Abstract

The term “luxury vehicle” suggests a vehicle with higher quality equipment, explicit construction, comfort, better performance, higher design, and is technologically modern and featured. It is a perceptual, conditional, and subjective attribute that may be apprehended differently by different people. Luxury vehicles are a symbol of an image, brand, prestige, or status that is offered at premium prices. These vehicles provide emphasized comfort and the higher degree of safety compared to mainstream vehicles.

The past of automobile industry shows that there has been a point where it had a group of car models that were expensive to purchase owing to the so-called superiority of their design and engineering. Wealthy buyers and the high-standard group of people give importance to their society status and prestige. Hence, these automobiles specifically focus on such wealthy buyers and are generically termed as “luxury vehicles”. By providing various models, manufacturers of these luxury vehicles target particular socio-economic classes taking into account their income and standard of living in the society.

On the basis of type, luxury vehicles are classified as sedan, station wagon, hatchback, coupe, and convertible body styles. Further, they are segmented into minivans, crossovers, sport utility vehicles, and others. Luxury vehicles are available in any size vehicle, from small to large, and in any price range. Based on the size and features provided by luxury vehicles, others segment is further sub-segmented as premium compact vehicles, entry-level luxury or compact executive vehicles, mid-size luxury or executive vehicles, high-end luxury or full-size luxury vehicles, and ultra-luxury vehicles. Geographically, the market is segmented as North America, Europe, Asia, and RoW.

The U.S., China, Japan, Canada, India, and other European countries are the major markets for luxury vehicles. The global luxury vehicles market is forecasted to have positive growth in the near future. Increasing disposable income is the key factor for the market growth globally. In addition, automobile manufacturers and other financial institutions provide various loan schemes which make it easy for the customers to maintain their status in the society. This is one of the factors increasing the demand of luxury vehicles in the developing nations which positively impacts the growth of global luxury vehicles market. On the other hand, rising fuel prices in developing countries such as India may act as market restraints, hindering growth of the global market.

Key players of the global luxury market are BMW, Mercedes-Benz, Jaguar, Audi, Volvo, Ferrari, and Land Rover. Other major players in the market include Rolls-Royce, Bentley, Lamborghini, Lexus, and Cadillac. Some of the manufacturers may be either stand-alone companies such as BMW and Mercedes, while others may be a division or a subsidiary of a mass market automaker such as Lexus, which is a part of Toyota.

Luxury Vehicles Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

Related Reports

Light Tower Market – By Lighting (Electric, LED, Metal Halide, and Others), By Product (Mobile and Stationary), By Technology (Hydraulic Lifting System and Manual Lifting System), By Power Source (Direct, Diesel, Solar, and Others), By Application (Emergency & Disaster Relief, Construction, Mining, Infrastructure Development, Military & Defense, Oil & Gas, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5316 | Report Format:

This report analyzes and estimates the light tower market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the light tower market driv...Read More

Ice Maker Market – By Product (Ice Flake, Ice Cube, and Ice Nugget), By Application (Commercial and Residential), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5315 | Report Format:

This report analyzes and estimates the ice maker market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the ice maker market drivers an...Read More

Global Aerobridge Market – By Product Type (T-Bridge, Noseloader, Commuter Bridge, Apron Drive, and Others), By Elevation System (Electromechanical and Hydraulic), By Movement (Movable and Fixed), By Wall Structure (Glass and Steel), By Tunnel Sections (Two and Three), and By Region: Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5310 | Report Format:

This report analyzes and estimates the aerobridge market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the aerobridge market driver...Read More

Hybrid Drivetrain Market – By Component (PHEV and HEV), By Level (PHEV, Full HEV, and Mild HEV), By Type (Parallel, Series-Parallel, and Series), and By Region: Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5297 | Report Format:

This report analyzes and estimates the hybrid drivetrain market at global, regional, and country level. The research study provides historic data from 2016 to 2019 along with a forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the Hybrid drivetrain m...Read More

Electric Powertrain Market – By Component (Motor/Generator, 12V/HV/48V Battery, Battery Management System, 48V ISG/BSG, Controller, Power Distribution Module, DC/AC Inverter, DC/DC Converter Regenerative Braking, Idle Start-Stop, On-Board Charger, and Others), By Vehicle Type (48V Mild Hybrid Vehicle (MHEV), Battery Electric Vehicle (BEV), and Hybrid And Plug-In Hybrid Vehicle (HEV/PHEV)), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5292 | Report Format:

This report analyzes and estimates the Electric Powertrain market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 based on value (USD Billion). The report offers detailed insights of the Electric Powertrain m...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.