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Luxury Car Market 2020 | Intelligence Insights by Growth Rate, Industry Size, Industry Scope, Current Trends, Future Forecast to 2024

Luxury

The “Luxury Car Market” report provides a complete overview of the market trade scenario, size, segmentation, competition scenario, and others. It provides the perfect industry detailed description of the different products and service segments associated with the key players. Luxury Car market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Luxury Car market report also includes new upcoming technology of Luxury Car Industry that will help to our clients.

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Market Overview:

  • The luxury car market (henceforth, referred to as the market studied) is anticipated to register a CAGR of about 5.83% during the forecast period (2019 – 2024).
  • – A rise in tangible luxury offerings in vehicles, shifting consumer preferences from sedan to SUVs, and increasing disposable incomes of consumers have been propelling the demand for luxury cars around the world. However, there are a few factors, such as an increase in import tariffs, which are expected to hinder the growth of the luxury car market. For instance: the US President-elect may increase the import tariffs on German luxury cars. The BMW and other Germany luxury car manufacturers may have to face a 35% import duty for cars not manufactured in the United States.
  • – The growing trend of electric luxury vehicles across the regions is fueling the demand for luxury cars. With the growing environmental concerns, the governments, and environmental associations across the world are tightening the emission norms. As a result, major luxury car manufacturers are launching electric variants of their vehicles, which is expected to accelerate the growth of the luxury car market over the forecast period.
  • – Some of the major players in the market studied are Mercedes-Benz, BMW, Lexus, Audi, Volvo, Land Rover and Jaguar, and Tesla. In 2018, Mercedes-Benz dominated the luxury car market, with a market share of approximately 16%, followed by BMW. The other players in the market studied include, Ferrari, Lamborghini, and Porsche, among others.

    Luxury Car Market Covers Key Players:

  • Daimler AG
  • Bayerische Motoren Werke AG (BMW)
  • Volvo Group
  • Volkswagen Group
  • Tata Motor Limited
  • Tesla Inc.
  • General Motors Company
  • Ford Motor Company
  • Aston Martin Lagonda Ltd
  • Honda Motor Co.
  • Nissan

    Some Major Points Covered in Luxury Car Market Report:

    • Introduction and Market Overview
    • Industry Chain Analysis
    • Market, by Type
    • Market, by Application
    • Production, Value ($) by Region (2014-2019)
    • Production, Consumption, Export, Import by Regions (2014-2019)
    • Market Status and SWOT Analysis by Regions
    • Competitive Landscape
    • Analysis and Forecast by Type and Application
    • Analysis and Forecast by Region
    • New Project Feasibility Analysis
    • Research Finding and Conclusion

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    Scope of the Report:

  • The global luxury car market covers all the latest R&D initiatives, investment done by the governments, and vehicle manufacturers across the world. The includes

    Key Market Trends:

    IC Engines Expected to Witness Slow Growth Rate

    The IC engine segment of the market studied is currently leading the market studied, however, it is anticipated that the demand for IC engine vehicles may slow down over the forecast period. At present, major players, such as Mercedes-Benz, BMW, and Audi cover a significant percentage of share in the drive type market segmentation in the global luxury car market.

    With the growing environmental concerns, owing to rising exhaust emissions, the governments and environmental associations across the world are tightening the emission norms. As a result, the demand for sustainable and environment-friendly transportation, such as EVs, is increasing, with governments offering higher incentives and subsidies to the owners of these vehicles.

    – For instance, China registered the highest number of new EV registrations in FY 2017-2018.
    – However, North America is expected to lead the luxury EV sales, owing to high disposable incomes and the availability of EV infrastructure in the region. The growing demand for style, power, and advanced telematics is also expected to continue to propel the demand for luxury EVs.
    – Additionally, luxury car component manufacturers are focusing on the development of next-generation smart mobility technologies, such as autonomous driving, personal voice assistance, and retina recognition, which are also expected to boost the sales of luxury EVs.

    The Asia-Pacific Region is Expected to Witness the Fastest Growth Rate

    The Asia-Pacific region is expected to witness the fastest growth rate during the forecast period.

    Currently, China is one of the largest markets for luxury cars among all developing countries in the luxury car market. The premium car manufacturers, such as Audi, Mercedes-Benz, BMW, and Lexus, have always maintained positive growth in the Chinese luxury car market. In 2017, luxury cars in the country accounted for more than 9% of the overall passenger cars sales. With the growing business opportunities in the country, the market for luxury cars is expected to witness moderately fast growth.

    Mercedes and BMW have dominated the luxury sedan segment of the Indian Market. In 2017, Mercedes India registered 16% growth compared to 2016. C-Class and E-class are the majorly sold models by the company.

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    Detailed TOC of Luxury Car Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Vehicle Type
    5.1.1 Hatchback
    5.1.2 Sedan
    5.1.3 SUV
    5.2 Drive Type
    5.2.1 IC Engine
    5.2.2 Electric
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 India
    5.3.3.3 Japan
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Daimler AG
    6.3.2 Bayerische Motoren Werke AG (BMW)
    6.3.3 Volvo Group
    6.3.4 Volkswagen Group
    6.3.5 Tata Motor Limited
    6.3.6 Tesla Inc.
    6.3.7 General Motors Company
    6.3.8 Ford Motor Company
    6.3.9 Aston Martin Lagonda Ltd
    6.3.10 Honda Motor Co.
    6.3.11 Nissan

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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