$543.5 billion from the global luxury car industry by 2027

DUBLIN, August 18, 2022 /PRNewswire/ — The “Luxury Car Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global luxury car market reached a value of US$402.0 billion in 2021. Looking ahead, the publisher expects the market to reach US$543.5 billion by 2027, presenting a CAGR 5.15% over the 2021-2027 period. Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Luxury cars are high-end, technologically advanced motor vehicles that offer high-quality interiors, better performance, and several safety features. They also offer higher quality, improved comfort and innovative services at a higher price compared to economy and mid-size cars.

They usually come with leather seats, maps, cameras, and upgraded suspensions and motors. On top of that, they include an anti-kidnapping heart rate monitor, max speed button, jump seat, trunk hinges, star headliner, gear selector, pop-up tweeters, air vent slats and other features. As a result, luxury cars are gaining ground all over the world.

The significant increase in tangible luxury offerings in a vehicle and the increase in personal disposable incomes are shifting consumer preferences towards luxury car brands. This represents one of the key factors propelling the growth of the market. Apart from this, due to the growing environmental concerns, government agencies and environmental associations in several countries are tightening the emission standards.

Hence, there is an increase in the demand for sustainable and eco-friendly transportation like electric luxury vehicles across the world. The market is also driven by the growing adoption of used luxury cars due to easy access to finance, lower entry prices and annual maintenance contracts.

Additionally, leading manufacturers are offering next-generation smart mobility technologies, such as personal voice assistance, autonomous driving, and retina recognition. They are also investing heavily in research and development (R&D) activities to integrate artificial intelligence (AI) and machine learning (ML) technologies, which creates favorable market prospects.

Competitive Landscape:

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

Answers to key questions in this report:

  • How has the global luxury car market behaved so far and how will it behave in the years to come?
  • What has been the impact of COVID-19 on the global luxury car market?
  • What are the main regional markets?
  • What is the market breakdown by type of vehicle?
  • What is the market breakdown by type of fuel?
  • What is the market breakdown by price range?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global luxury car market and who are the major players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
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 Breakdown by Vehicle Type
6.1 Tailgate
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Saloon
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 Breakdown by Fuel Type
7.1 Gasoline
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Diesel fuel
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Electrical
7.3.1 Market trends
7.3.2 Market Forecast

8 Market Breakdown by Price Range
8.1 Entry level
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Intermediate 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 Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
14.3.1 ABVolvo Company overview Product portfolio Finance SWOT Analysis
14.3.2 Aston Martin Lagonda Global Holding Plc Presentation of the company Product portfolio Finance
14.3.3 BMW AG Company Overview Product portfolio Finance SWOT Analysis
14.3.4 Daimler AG Company Overview Product Portfolio Finance SWOT Analysis
14.3.5 Ferrari N.V. Company Overview Product Portfolio
14.3.6 Nissan Motor Company Ltd. Company Overview Product Portfolio Finance SWOT Analysis
14.3.7 Tesla Inc. Company Overview Product Portfolio Finance SWOT Analysis
14.3.8 Toyota Motor Corporation Company Overview Product Portfolio Finance SWOT Analysis
14.3.9 Volkswagen AG Company Overview Product portfolio Finance SWOT Analysis

For more information on this report, visit https://www.researchandmarkets.com/r/w00mty

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SOURCE Research and Markets