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The luxury cars market is forecasted to grow by USD 232 billion during 2024-2029, accelerating at a CAGR of 6.8% during the forecast period. The report on the luxury cars market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for luxury suvs, increasing preference for safety and comfort, and rising number of high-net-worth individuals.
The luxury cars market is segmented as below:
By Product
- Executive luxury car
- Super luxury car
By Propulsion
- IC engine-based vehicles
- Electric vehicles
By Geographical Landscape
- Europe
- North America
- APAC
- Middle East and Africa
- South America
The report on the luxury cars market covers the following areas:
- Luxury Cars Market sizing
- Luxury Cars Market forecast
- Luxury Cars Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Propulsion
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global luxury cars market: AB Volvo, Aston Martin Lagonda Ltd., Bayerische Motoren Werke AG, BYD Co. Ltd., China FAW Group Co. Ltd., Dr. Ing. h.c. F. Porsche AG, Ferrari NV, Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Horacio Pagani S p A, McLaren Group Ltd., Mercedes Benz Group AG, Nissan Motor Co. Ltd., Renault SAS, Stellantis NV, Tata Sons Pvt. Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is launch of electric luxury car models."
According to the report, one of the major drivers for this market is the rising demand for luxury suvs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AB Volvo
- Aston Martin Lagonda Ltd.
- Bayerische Motoren Werke AG
- BYD Co. Ltd.
- China FAW Group Co. Ltd.
- Dr. Ing. h.c. F. Porsche AG
- Ferrari NV
- Ford Motor Co.
- General Motors Co.
- Honda Motor Co. Ltd.
- Horacio Pagani S p A
- McLaren Group Ltd.
- Mercedes Benz Group AG
- Nissan Motor Co. Ltd.
- Renault SAS
- Stellantis NV
- Tata Sons Pvt. Ltd.
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
