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The SUV market is forecasted to grow by USD 272.36 bn during 2023-2028, accelerating at a CAGR of 5.72% during the forecast period. The report on the SUV 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 increased preference for safety and comfort driving sales of SUVs, rise in demand for 4-wheel and all-wheel drive options for off-roading, and rising preference for SUVs by upper-middle-class families.
The SUV market is segmented as below:
By Vehicle Type
- Medium-sized SUVs
- Crossover and compact SUVs
- Large-sized SUVs
By Fuel Type
- Gasoline
- Hybrid and electric SUV
- Diesel
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
The report on the SUV market covers the following areas:
- SUV market sizing
- SUV market forecast
- SUV 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 publisher 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 research - both primary and secondary. 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 the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Fuel Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global SUV market: AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., China FAW Group Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors 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 rapid development of electric and hybrid SUVs.'
According to the report, one of the major drivers for this market is the increased preference for safety and comfort driving sales of 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
- Bayerische Motoren Werke AG
- BYD Co. Ltd.
- China FAW Group Co. Ltd.
- Ford Motor Co.
- General Motors Co.
- Honda Motor Co. Ltd.
- Hyundai Motor Co.
- Mahindra and Mahindra Ltd.
- Mazda Motor Corp.
- Mercedes Benz Group AG
- Mitsubishi Motors Corp.
- Nissan Motor Co. Ltd.
- Renault SAS
- SAIC Motor Corp. Ltd.
- Stellantis NV
- Tata Motors Ltd.
- Tesla Inc.
- Toyota Motor Corp.
- Volkswagen AG
