"A research report on Luxury Car Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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Global luxury car market registered sales of over 8 million units in 2018 and the market is anticipated to grow at brisk rate during the forecast period. Luxury cars, the status symbol, have high horse power, offer more security, and come with tractional control, airbags, review cameras and anti-lock braking systems. Moreover, luxury cars come with latest technologies and offer enhanced interior experience such as contoured dash, heated seats, better sound systems and real time navigation systems. Option of customization and high horse power with remote starters, electronic parking aids and rain-sensing windshield wipers only add-up to their demand, thereby promoting growth of global luxury car market. Additionally, the resale value of luxury cars is high, making them even more popular.
Global luxury car market can be segmented based on vehicle type, fuel type and engine capacity. Based on the vehicle type, global luxury car market can be bifurcated into SUV, sedan, hatchback, among others. Sedans is the dominant vehicle type in 2018 and the vehicle type is expected to continue its leading position in the forthcoming years as well.
This is due to high mileage, high performance and comfortable riding experience offered by sedan when compared with counterparts.
In terms of regional analysis, market can be segmented into North America, South America, Asia Pacific, Europe and Middle East & Africa. Asia-Pacific luxury car market is growing at a brisk rate with China leading the numbers in the market. India is one of the largest passenger car markets in the world, however, the penetration of luxury vehicles is low, which is anticipated to increase during the forecast period. This is due to the fact that automobile companies have started launching multiple strategically priced models with various smart financing schemes and per capita income are increasing in the country. Moreover, Indian government is offering subsidies for the purchase of electric vehicles.
Major players operating in global luxury car market include Bayerische Motoren Werke AG (BMW), Mercedes-Benz, Audi AG, Toyota Motor Corporation, Honda Motor Company, Ltd, Passat (Santana), Cadillac, Mini, Lexus, Tesla, among others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2018, Mercedes Benz registered highest sales in the premium segment for three years in a row. Moreover, buyers are showing interest in electric vehicles, leading to significant sales volume of Tesla Inc.’s luxury cars.
Objective of the Study:
• To analyze and forecast global luxury car market size.
• To classify and forecast global luxury car market based on vehicle type, fuel type, engine capacity and regional distribution.
• To identify drivers and challenges for global luxury car market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global luxury car market.
• To conduct the pricing analysis for global luxury car market.
• To identify and analyze the profile of leading players operating in global luxury car market.
Key Target Audience:
• Automotive manufacturers, distributors and other stakeholders
• Security and intelligence service providers
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to luxury cars
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global luxury car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, by Vehicle Type:
• Market, by Fuel Type:
• Market, by Engine Capacity:
o <2500cc o 2500-5000cc o >5000cc
• Market, by Region:
o North America
o South America
o Middle East & Africa
Kingdom of Saudi Arabia
Get More Info: Luxury Car Market"