World Luxury Car Sector Discussed in New SRI Market Research Study Recently Published at MarketPublishers.com12 Jan 2016 • by Natalie Aster
LONDON – Notwithstanding the financial crisis, the worldwide luxury car market has been gathering speed in the recent years, driven by the emerging markets. The 3 Germany-based players – BMW, Mercedes-Benz and Audi – account for close to 80% of the world’s total luxury car market. BMW take the lead in the luxury car segment globally, with Mercedes-Benz and Audi following after.
Following a 6-year decline, the European luxury car market expanded by 2% as of 2014. China became the world’s largest auto market in 2009, outstripping the USA. In both passenger car and luxury car segments, China is the new focus market for auto makers from pole to pole. The Chinese luxury car market is projected to grow at a CAGR of 12% through 2020, whilst the overall passenger car sector is poised for 8% growth during the forecast period.
The USA and China are expected to be focus markets for the players operating in the luxury car segment. Both markets have been responsible for the maximum to the sales of the 3 leading German auto makers. During the next 5 years, the luxury car market is forecast to see increased price competition amongst players offering steep discounts and promotional offers.
New research study “A Study of the Global Luxury Car Market 2015-2020” elaborated by Smart Research Insights (SRI) offers a detailed, insightful analysis and of the worldwide luxury car market, focusing on the top 4 national markets of the USA, Europe, India and China. The report reveals key opportunities in the industry, presents statistical data for the market, examines the sector’s current state and tracks its historical performance over the years, casts light on the emerging market trends, drivers & challenges. The 4 dominant country markets are analysed from such points as market overview and statistics, competitive scenario and key market drivers. The report carefully analyses the 5 dominant auto manufacturers – BMW, Volkswagen AG, Daimler AG, General Motors Company and Tata Motors Limited. A detailed market outlook is also provided.
A Study of the Global Luxury Car Market 2015-2020
Date: January, 2016
Price: US$ 1,200.00
More reports by the publisher can be found at Smart Research Insights page.