Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 536.47 Billion |
| USD 1,065.47 Billion | |
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Global Luxury Car Market, By Vehicle (Hatchback, Sedan, Sports Utility Vehicle, Multi-Purpose Vehicle), Drive Type (Internal Combustion (IC) Engine, Electric and Hybrid Vehicle), Fuel Type (Gasoline, Diesel, Electric) Price Category (USD 80,000 to USD 149,000, USD 150,000 to USD 299,000, USD 300,000 to USD 500,000, Above USD 500,000), Vehicle Class (Entry-Level Luxury, Mid-Level Luxury, Ultra-Luxury) - Industry Trends and Forecast to 2030.
The luxury car market rise with the advancement of modern lifestyle and latest technologies. Luxury brands give a better standard of life which enhance the quality and class of customer. According to the popularity of the brand, technology, and comfort provided by the luxury brand customer buys such cars by investing a high amount. Market players such as BMW and MERCEDES have huge brand value, even they don’t need much marketing. Luxury Car brands must have values and attributes which will further connect the customer fervently.
Data Bridge Market Research analyses that the luxury car market which was USD 536.47 billion in 2022, would rocket up to USD 1,065.47 billion by 2030, and is expected to undergo a CAGR of 8.96% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Vehicle (Hatchback, Sedan, Sports Utility Vehicle, Multi-Purpose Vehicle), Drive Type (Internal Combustion (IC) Engine, Electric and Hybrid Vehicle), Fuel Type (Gasoline, Diesel, Electric) Price Category (USD 80,000 to USD 149,000, USD 150,000 to USD 299,000, USD 300,000 to USD 500,000, Above USD 500,000), Vehicle Class (Entry-Level Luxury, Mid-Level Luxury, Ultra-Luxury)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Ford Motor Company (U.S.), General Motors (U.S.), AUDI AG (Germany), Kia India Pvt. Limited(India), Renualt Group (France), SAIC Motor Corporation Limited (China), Tesla (U.S.), Daimler Truck AG. (Germany), BMW AG (Germany), Hyundai Motor Company (South Korea), BYD Motors Inc. (China), Continental AG (Germany), Toyota Motor Sales, Inc. (U.S), Nissan Motor Co., LTD. (Japan), Volkswagen AG (Germany), AB Volvo (Sweden), Honda Motor Co., Ltd. (Japan)
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Market Opportunities
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Market Definition
Luxury vehicles have the maximum extent of features with the latest technology and comfort available in the vehicle, which is at a high total price. Luxury cars brand help in providing car users with a high amount of ease and also have the highest premium quality of materials in the vehicle manufacture which makes them luxurious.
Drivers
With the increasing concern for the environment and environmental protection, governments over the maximum country are triggering people to use electric vehicle that is emission-free and eco-friendly. The demand for environmentally friendly and sustainable transportation such as electric vehicles is quickly growing. Big brands such as Tesla and other luxury brands produce luxury electric cars with modern technology and comforts, which will drive the growth of luxury brands car.
Escalation in technological advancements such as integration of all-EV charging stations systems with the Internet of Things (IoT), real-time information solutions various driving mods, and high safety fast-track the market growth. Modern technology such as real-time data about the availability of vacant spots and locating nearby charging stations will drive the market growth of luxury car brands
Opportunities
Luxury brands cars are frequently sold after one or two years, due to the demand for pre-owned luxury vehicles is continuously growing. In direction to grasp the rising mandate, the used luxury vehicle market is becoming more organized, with easy access to financing, lesser entry prices, and annual upkeep agreements. This creates an opportunity for luxury brands to grow in the market
Rising urbanization in a developing country means growing infrastructure, industrialization, and a growing stander of living, where people need quality life and luxury product and automobile. Where people spend their money on personal vehicles and luxury vehicles. A developing country such as India has a huge demand for luxury car, which create an opportunity for luxury brand car to grow in the market.
Restraints/Challenges
Non-luxury brands are also offering their customers advanced features that are given by luxury cars at very high costs. The feature such as real-time information giver, automatic mode, and auto-driving mode, this price integration may dissatisfy the customer this is expected to obstruct market growth.
Luxury vehicles are high in cost due to their luxurious and advanced features. The cost of manufacturing cars with well-appointed features and options is much more than the cost of manufacturing them. The sales of luxury cars are very low, a large amount of the selling charge is used to pay for their progress, which makes these types of cars more expensive. Therefore, the high cost of luxury vehicles is expected to hamper the market growth
This luxury car market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the luxury car market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
The luxury car market is segmented on the basis of vehicle , drive type, fuel type, price category, and vehicle class. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle
Drive Type
Fuel Type
Price Category
Vehicle Class
The luxury car market is analysed and market size insights and trends are provided by vehicle, drive type, fuel type, price category, and vehicle class as referenced above.
The countries covered in luxury car market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the global luxury car market because of its strong base in industrialization, and availability of raw materials strong presence of major players in the market, and good foreign policy, and high luxury cars.
North America is expected to witness significant growth due to the increase in the demand for luxury EVs, and the presence of a strong electronic market such as Tesla. Availability of growing market, growing demand for luxury cars.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The luxury car market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric vehicle market.
Some of the major players operating in the luxury car market are:
SKU-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL LUXURY CAR MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL LUXURY CAR MARKET
2.2.1 VENDOR POSITIONING GRID
2.2.2 TECHNOLOGY LIFE LINE CURVE
2.2.3 MARKET GUIDE
2.2.4 COMPANY POSITIONING GRID
2.2.5 MULTIVARIATE MODELLING
2.2.6 STANDARDS OF MEASUREMENT
2.2.7 TOP TO BOTTOM ANALYSIS
2.2.8 VENDOR SHARE ANALYSIS
2.2.9 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.2.10 DATA POINTS FROM KEY SECONDARY DATABASES
2.3 GLOBAL LUXURY CAR MARKET: RESEARCH SNAPSHOT
2.4 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 REGULATORY STANDARDS
5.3 INDUSTRY ANALYSIS & FUTURISTIC SCENARIO
5.4 PENETRATION AND GROWTH POSPECT MAPPING
5.5 NEW BUSINESS AND EMERGING BUSINESS'S REVENUE OPPORTUNITIES
5.6 TECHNOLOGY ANALYSIS
FIGURE 1 TECHNOLOGY MATRIX
Company Product/Service offered
5.7 COMPANY COMPARATIVE ANALYSIS
5.7.1 STRATEGIC DEVELOPMENT
5.7.2 TECHNOLOGY IMPLEMENTATION PROCESS
5.7.2.1. CHALLENGES
5.7.2.2. INHOUSE IMPLEMENTATION/OUTSOURCED (THIRD PARTY) IMPLEMENTATION
5.7.3 CUSTOMER BASE
5.7.4 SERVICE POSITIONING
5.7.5 CUSTOMER FEEDBACK/RATING (B2B OR B2C)
5.7.6 APPLICATION REACH
5.7.7 SERVICE PLATFORM MATRIX
FIGURE 2 COMPANY COMPARATIVE ANALYSIS
Parameters Company A
Market Share
Growth (%)
Target Audience
Price Structure
Market Strategies
Customer Feedback
Service Positioning
Customer Feedback/Rating
Strategic Development
Application Reach
FIGURE 3 COMPANY SERVICE PLATFORM MATRIX
5.8 USE CASES & ITS ANALYSIS
FIGURE 4 USE CASE ANALYSIS
Company Product/Service offered
6 GLOBAL LUXURY CAR MARKET, BY VEHICLE TYPE
6.1 OVERVIEW
6.2 SEDANS
6.3 SUVS
6.4 COUPES
6.5 CONVERTIBLES
6.6 ELECTRIC VEHICLES (EVS)
7 GLOBAL LUXURY CAR MARKET,BY PRICE RANGE
7.1 OVERVIEW
7.2 ENTRY-LEVEL LUXURY
7.3 MID-LEVEL LUXURY
7.4 HIGH-END LUXURY
8 GLOBAL LUXURY CAR MARKET,BY FUEL TYPE
8.1 OVERVIEW
8.2 INTERNAL COMBUSTION ENGINE (ICE)
8.3 HYBRID VEHICLES
8.4 ELECTRIC VEHICLES (EVS)
8.5 HYDROGEN FUEL CELL VEHICLES
9 GLOBAL LUXURY CAR MARKET,BY CUSTOMER DEMOGRAPHICS
9.1 OVERVIEW
9.2 PERFORMANCE-ORIENTED CUSTOMERS
9.3 TECH-SAVVY CUSTOMERS
9.4 SUSTAINABILITY-FOCUSED CUSTOMERS
9.5 FAMILY-ORIENTED CUSTOMERS
10 GLOBAL LUXURY CAR MARKET,BY DISTRIBUTION CHANNEL
10.1 OVERVIEW
10.2 DIRECT SALES (BRAND-OWNED DEALERSHIPS)
10.3 THIRD-PARTY DEALERSHIPS
11 GLOBAL LUXURY CAR MARKET,BY END USE
11.1 OVERVIEW
11.2 PERSONAL USE
11.2.1 SEDANS
11.2.2 SUVS
11.2.3 COUPES
11.2.4 CONVERTIBLES
11.2.5 ELECTRIC VEHICLES (EVS)
11.3 BUSINESS/CORPORATE USE
11.3.1 SEDANS
11.3.2 SUVS
11.3.3 COUPES
11.3.4 CONVERTIBLES
11.3.5 ELECTRIC VEHICLES (EVS)
11.4 LEISURE AND RECREATIONAL USE
11.4.1 SEDANS
11.4.2 SUVS
11.4.3 COUPES
11.4.4 CONVERTIBLES
11.4.5 ELECTRIC VEHICLES (EVS)
12 GLOBAL LUXURY CAR MARKET, BY GEOGRAPHY
Global LUXURY CAR Market, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
12.1 NORTH AMERICA
12.1.1 U.S.
12.1.2 CANADA
12.1.3 MEXICO
12.2 EUROPE
12.2.1 GERMANY
12.2.2 FRANCE
12.2.3 U.K.
12.2.4 ITALY
12.2.5 SPAIN
12.2.6 RUSSIA
12.2.7 TURKEY
12.2.8 BELGIUM
12.2.9 NETHERLANDS
12.2.10 SWITZERLAND
12.2.11 REST OF EUROPE
12.3 ASIA PACIFIC
12.3.1 JAPAN
12.3.2 CHINA
12.3.3 SOUTH KOREA
12.3.4 INDIA
12.3.5 AUSTRALIA
12.3.6 SINGAPORE
12.3.7 THAILAND
12.3.8 MALAYSIA
12.3.9 INDONESIA
12.3.10 PHILIPPINES
12.3.11 REST OF ASIA PACIFIC
12.4 SOUTH AMERICA
12.4.1 BRAZIL
12.4.2 ARGENTINA
12.4.3 REST OF SOUTH AMERICA
12.5 MIDDLE EAST AND AFRICA
12.5.1 SOUTH AFRICA
12.5.2 EGYPT
12.5.3 SAUDI ARABIA
12.5.4 U.A.E
12.5.5 ISRAEL
12.5.6 REST OF MIDDLE EAST AND AFRICA
12.6 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
13 GLOBAL LUXURY CAR MARKET,COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: GLOBAL
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
13.3 COMPANY SHARE ANALYSIS: EUROPE
13.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
13.5 MERGERS & ACQUISITIONS
13.6 NEW PRODUCT DEVELOPMENT & APPROVALS
13.7 EXPANSIONS
13.8 REGULATORY CHANGES
13.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
14 GLOBAL LUXURY CAR MARKET, SWOT AND DBMR ANALYSIS
15 GLOBAL LUXURY CAR MARKET, COMPANY PROFILE
15.1 MERCEDES-BENZ GROUP AG
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 PRODUCT PORTFOLIO
15.1.4 RECENT DEVELOPMENTS
15.2 BMW AG
15.2.1 COMPANY SNAPSHOT
15.2.2 REVENUE ANALYSIS
15.2.3 PRODUCT PORTFOLIO
15.2.4 RECENT DEVELOPMENTS
15.3 AUDI AG
15.3.1 COMPANY SNAPSHOT
15.3.2 REVENUE ANALYSIS
15.3.3 PRODUCT PORTFOLIO
15.3.4 RECENT DEVELOPMENTS
15.4 TESLA, INC.
15.4.1 COMPANY SNAPSHOT
15.4.2 REVENUE ANALYSIS
15.4.3 PRODUCT PORTFOLIO
15.4.4 RECENT DEVELOPMENTS
15.5 PORSCHE (DR. ING. H.C. F. PORSCHE AG)
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 PRODUCT PORTFOLIO
15.5.4 RECENT DEVELOPMENTS
15.6 LEXUS
15.6.1 COMPANY SNAPSHOT
15.6.2 REVENUE ANALYSIS
15.6.3 PRODUCT PORTFOLIO
15.6.4 RECENT DEVELOPMENTS
15.7 JAGUAR LAND ROVER AUTOMOTIVE PLC
15.7.1 COMPANY SNAPSHOT
15.7.2 REVENUE ANALYSIS
15.7.3 PRODUCT PORTFOLIO
15.7.4 RECENT DEVELOPMENTS
15.8 VOLVO CAR CORPORATION
15.8.1 COMPANY SNAPSHOT
15.8.2 REVENUE ANALYSIS
15.8.3 PRODUCT PORTFOLIO
15.8.4 RECENT DEVELOPMENTS
15.9 FERRARI N.V.
15.9.1 COMPANY SNAPSHOT
15.9.2 REVENUE ANALYSIS
15.9.3 PRODUCT PORTFOLIO
15.9.4 RECENT DEVELOPMENTS
15.1 ROLLS-ROYCE MOTOR CARS LIMITED
15.10.1 COMPANY SNAPSHOT
15.10.2 REVENUE ANALYSIS
15.10.3 PRODUCT PORTFOLIO
15.10.4 RECENT DEVELOPMENTS
15.11 BENTLEY MOTORS LIMITED
15.11.1 COMPANY SNAPSHOT
15.11.2 REVENUE ANALYSIS
15.11.3 PRODUCT PORTFOLIO
15.11.4 RECENT DEVELOPMENTS
15.12 LAMBORGHINI S.P.A.
15.12.1 COMPANY SNAPSHOT
15.12.2 REVENUE ANALYSIS
15.12.3 PRODUCT PORTFOLIO
15.12.4 RECENT DEVELOPMENTS
15.13 BUGATTI AUTOMOBILES S.A.S.
15.13.1 COMPANY SNAPSHOT
15.13.2 REVENUE ANALYSIS
15.13.3 PRODUCT PORTFOLIO
15.13.4 RECENT DEVELOPMENTS
15.14 ASTON MARTIN
15.14.1 COMPANY SNAPSHOT
15.14.2 REVENUE ANALYSIS
15.14.3 PRODUCT PORTFOLIO
15.14.4 RECENT DEVELOPMENTS
15.15 MASERATI S.P.A.
15.15.1 COMPANY SNAPSHOT
15.15.2 REVENUE ANALYSIS
15.15.3 PRODUCT PORTFOLIO
15.15.4 RECENT DEVELOPMENTS
15.16 GENESIS MOTOR, LLC
15.16.1 COMPANY SNAPSHOT
15.16.2 REVENUE ANALYSIS
15.16.3 PRODUCT PORTFOLIO
15.16.4 RECENT DEVELOPMENTS
15.17 LUCID GROUP, INC.
15.17.1 COMPANY SNAPSHOT
15.17.2 REVENUE ANALYSIS
15.17.3 PRODUCT PORTFOLIO
15.17.4 RECENT DEVELOPMENTS
15.18 RIVIAN AUTOMOTIVE, INC.
15.18.1 COMPANY SNAPSHOT
15.18.2 REVENUE ANALYSIS
15.18.3 PRODUCT PORTFOLIO
15.18.4 RECENT DEVELOPMENTS
15.19 POLESTAR AB
15.19.1 COMPANY SNAPSHOT
15.19.2 REVENUE ANALYSIS
15.19.3 PRODUCT PORTFOLIO
15.19.4 RECENT DEVELOPMENTS
15.2 MCLAREN AUTOMOTIVE LIMITED
15.20.1 COMPANY SNAPSHOT
15.20.2 REVENUE ANALYSIS
15.20.3 PRODUCT PORTFOLIO
15.20.4 RECENT DEVELOPMENTS
16 QUESTIONNAIRE
17 RELATED REPORTS
18 ABOUT DATA BRIDGE MARKET RESEARCH
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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