World Luxury Car Market Performance Discussed by SRI in In-demand Report Now Available at MarketPublishers.com03 Feb 2015 • by Natalie Aster
LONDON – The global market for luxury cars remained almost unaffected by the financial crisis and, instead, demonstrated positive growth during the last years. The increasing luxury cars demand in emerging countries, such as China, Brazil and India, is the key driver of the market growth today. After a six-year economic recession, the European luxury cars market is poised to show positive performance, too.
Today, three major German car manufacturers, Mercedes-Benz, Audi and BMW, take lead in the luxury car market, holding around 80% share of the total market. Whilst BMW is the unrivalled market leader, there is a high competition observed between these three producers.
In 2014, China became the biggest auto market globally, even outpacing the US market. Besides, it became the target market for both passenger and luxury car firms all over the world. By 2020, the market for luxury cars in China is anticipated to register annual growth by nearly 12%, whilst the total passenger car market will rise by 8% per year. Such aspects, as the rising disposable incomes, an upturn of the economy along with the changing demographic situation in China are driving the market expansion in the country.
In-demand market research report “Analyzing the Global Luxury Car Market 2014-2020” worked out by Smart Research Insights (SRI) offers an all-round and deep analysis of the world luxury car market landscape.
The comprehensive report investigates the current market performance and scrutinizes the historical background, thoroughly reviews the market dynamics by key regions and countries. Furthermore, the research study identifies the key market drivers, outlines the promising market opportunities and describes the key challenges faced by global auto producers. Besides, the insightful report uncovers the luxury car sales statistics by key brands and overviews the production volumes within the 2008-2013 time period. An in-depth assessment of the competitive environment with detailed profiles of the leading car manufacturers is presented in the research report, too. Moreover, the in-demand study sheds light on the possible development of the luxury car market up to 2020.
Analyzing the Global Luxury Car Market 2014-2020
Published: January, 2015
Price: US$ 1,200.00
More topical research reports by the publisher can be found at Smart Research Insights (SRI) page.