Indian Luxury Car Market Scenario Reviewed by SRI in Comprehensive Research Study Published at MarketPublishers.com07 May 2015 • by Natalie Aster
LONDON – Constantly rising demand for luxury cars in China and India will likely become an impetus to remarkable growth in the world luxury car market in the year 2015. Both countries’ markets for luxury cars posted double-digit growth during the past several years. In 2009, China took the lead in the world luxury car market, outpacing the US. Furthermore, China’s luxury car market is predicted to show a 12% CAGR through 2020, whilst the country’s passenger car market is likely to see an 8% CAGR.
Nowadays, the luxury car market in India is demonstrating an upward trend, despite the decline in the country’s auto market. During 2015-2018, the Indian luxury car market is predicted to grow on average by 15% per year. Currently, the country’s luxury car market size is estimated to be around 40,000 units. Volkswagen AG, Tata Motors Limited and Daimler AG are amid the key participants in India’s luxury car market. Mercedes and Audi are also interested in the country’s luxury car market and plan to launch novel models at competitive pricing.
Smart Research Insights offers a comprehensive analysis of India’s luxury car market performance in its in-demand report “Analyzing the Indian Luxury Car Market 2015”. The research study highlights the market dynamics, uncovers important statistics, describes the prevailing market trends, investigates emerging opportunities of the country’s market as well as discusses possible scenarios of the market development in the years ahead. The study unveils vital information on the performance (historical and current) of the Indian luxury car market. The report thoroughly analyses the market growth drivers along with challenges and restraints. The research study provides a deep examination of the competitive landscape along with profiles of the key market players, including General Motors Company, Volkswagen AG, Daimler AG, BMW and Tata Motors Limited. Moreover, detailed forecasts for India’s luxury car market till 2020 are also included in the publication.
Analyzing the Indian Luxury Car Market 2015
Date: April, 2015
Price: US$ 1,000.00
More market studies by this publisher are available at Smart Research Insights page.