Sports Utility Vehicles (SUVs) - Global Strategic Business Report

The global market for Sports Utility Vehicles (SUVs) is estimated at 60.8 Million Units in 2023 and is projected to reach 127.4 Million Units by 2030, growing at a CAGR of 11.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Several market forces drive the demand for SUVs, including significant improvements in fuel efficiency and heightened safety features that align with the growing consumer focus on environmental consciousness and cost-effectiveness. The crossover SUV segment, in particular, has seen considerable growth by combining the comfort of a sedan with the practical advantages of an SUV, appealing to those who desire versatility without compromising on drivability. Technological advancements have further augmented the appeal of SUVs, integrating cutting-edge features such as advanced connectivity and infotainment systems that attract tech-savvy consumers. Moreover, changing lifestyle trends that favor outdoor activities boost the practicality of SUVs for transporting equipment and navigating varied terrains. The shift towards electric and hybrid models addresses environmental concerns, enhancing the SUV market`s growth. Additionally, cultural influences and government policies that favor larger vehicles for their perceived safety and status, along with innovative financing options and effective marketing strategies, have significantly contributed to the robust growth and diversification of the SUV market, establishing them as a preferred choice for a wide range of consumers globally.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Diesel-based SUVs segment, which is expected to reach 52.3 Million Units by 2030 with a CAGR of a 9.8%. The Petrol-based SUVs segment is also set to grow at 11.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at 15.9 Million Units in 2023, and China, forecasted to grow at an impressive 14.4% CAGR to reach 29.1 Million Units by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Sports Utility Vehicles (SUVs) Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sports Utility Vehicles (SUVs) Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Sports Utility Vehicles (SUVs) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Bayerische Motoren Werke AG (BMW GROUP), BYD Co., Ltd., Daimler AG, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 273 Featured):

• Bayerische Motoren Werke AG (BMW GROUP)
• BYD Co., Ltd.
• Daimler AG
• General Motors Company
• Honda Motor Co., Ltd.
• Hyundai Motor Company
• Mitsubishi Motors Corporation
• Toyota Motor Corporation
• Volkswagen AG