- Increasing demand for family-friendly vehicles with advanced safety features, connected technology, and all-weather drivability is supporting the crossover vehicle market growth
- Manufacturers are focusing on launching hybrid and electric crossover variants, aligned with global sustainability goals and emission norms
- North America dominated the crossover vehicle market with the largest revenue share in 2024, driven by the growing preference for versatile, fuel-efficient vehicles that combine the benefits of SUVs and passenger cars
- Asia-Pacific region is expected to witness the highest growth rate in the global crossover vehicle market, driven by rapid urbanization, a rising middle-class population, and increasing consumer demand for compact, fuel-efficient, and technologically equipped vehicles suitable for both city and long-distance travel
- The compact crossovers segment dominated the market with the largest market revenue share of 37.8% in 2024, driven by its blend of utility, fuel efficiency, and affordability. Consumers increasingly prefer compact crossovers due to their versatile design, ideal for both urban and highway driving. Their compact size makes parking and navigation easier, while offering ample cargo and passenger space. Rising demand for budget-friendly vehicles with SUV-like aesthetics and car-like maneuverability continues to drive the growth of this segment
