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Global Luxury Car Market Size study & Forecast, by Vehicle Type (Hatchback, Sedan, Sport Utility Vehicle) by Propulsion Type (ICE, Electric) and Regional Analysis, 2022-2029

April 2023 | 200 pages | ID: G99015F36118EN
Bizwit Research & Consulting LLP

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Global Luxury Car Market is valued at approximately USD XX Billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Luxury cars are becoming popular worldwide among consumers as a result of features such as entertainment systems, integrated seat massagers, and autonomous safety features. Luxury cars are known for having high-end materials and finishes. The Luxury Car Market is expanding because of factors such as the rise in Electric Vehicle (EV) sales and the growing adoption of electric luxury vehicles.

According to Statista, the global electric vehicle industry is predicted to more than quadruple between 2021 and 2027, reaching an estimated global market size of 1.4 trillion US dollars by 2027. This amounts to a significant compound annual growth rate (CAGR) of more than 19.19% between 2022 and 2027, increasing Electric Vehicle (EV) sales. BMW was the world's leading luxury car brand, with 2.5 million vehicle sales. In the meantime, Volkswagen sold approximately 1.7 million vehicles under the Audi brand in 2021. Also, technological development and the rising demand for pre-owned luxury cars will provide lucrative growth opportunities for the market during the forecast period. However, the high cost of products hampers market growth during the forecast period of 2022-2029.

The key regions considered for the Global Luxury Car Market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue. China currently has the highest growth prospects of any developing country in this industry. BMW AG, Audi, Lexus, Mercedes-Benz, and Volvo have all maintained growth in the Chinese market. Europe is expected to grow with the highest CAGR during the forecast period. This region is home to various automobile manufacturers, many of whom create vehicles with cutting-edge technology.

Major market player included in this report are:

Daimler AG (Stuttgart, Germany)
Bayerische Motoren Werke AG, (Munich, Germany)
Volvo Car Corporation (Gothenburg, Sweden)
Volkswagen AG (Wolfsburg, Germany)
Tata Motors Limited (Mumbai, India)
Ford Motor Company (US)
AUDI AG (Germany)
Kia Motors Corporation (South Korea)
Groupe Renault (France)
Toyota Motor Corporation (Toyota, Aichi, Japan)

Recent Developments in the Market:
In July 2020, Bayerische Motoren Werke AG created a Competence Center for E-drive Production. BMW Group is increasing its electric drive production capacity by opening the Competence Centre in its largest production plant in Dingolfing. Electric drive components such as high-voltage batteries, battery modules, and electric motors are manufactured by the company.

Global Luxury Car Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Vehicle Type, Propulsion Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Hatchback
Sedan
Sport Utility Vehicle

By Propulsion Type:
ICE
Electric

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Luxury Car Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Luxury Car Market, by Vehicle Type, 2019-2029 (USD Billion)
  1.2.3. Luxury Car Market, by Propulsion Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL LUXURY CAR MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL LUXURY CAR MARKET DYNAMICS

3.1. Luxury Car Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rise in Electric Vehicle (EV) sales
    3.1.1.2. Growing adoption of electric luxury vehicles
  3.1.2. Market Challenges
    3.1.2.1. High cost of product
  3.1.3. Market Opportunities
    3.1.3.1. Technological development
    3.1.3.2. Rising demand for pre-owned luxury cars

CHAPTER 4. GLOBAL LUXURY CAR MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL LUXURY CAR MARKET, BY VEHICLE TYPE

6.1. Market Snapshot
6.2. Global Luxury Car Market by Vehicle Type, Performance - Potential Analysis
6.3. Global Luxury Car Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
6.4. Luxury Car Market, Sub Segment Analysis
  6.4.1. Hatchback
  6.4.2. Sedan
  6.4.3. Sport Utility Vehicle

CHAPTER 7. GLOBAL LUXURY CAR MARKET, BY PROPULSION TYPE

7.1. Market Snapshot
7.2. Global Luxury Car Market by Propulsion Type, Performance - Potential Analysis
7.3. Global Luxury Car Market Estimates & Forecasts by Propulsion Type 2019-2029 (USD Billion)
7.4. Luxury Car Market, Sub Segment Analysis
  7.4.1. ICE
  7.4.2. Electric
Global Luxury Car Market, Regional Analysis
7.5. Luxury Car Market, Regional Market Snapshot
7.6. North America Luxury Car Market
  7.6.1. U.S. Luxury Car Market
    7.6.1.1. Vehicle Type breakdown estimates & forecasts, 2019-2029
    7.6.1.2. Propulsion Type breakdown estimates & forecasts, 2019-2029
  7.6.2. Canada Luxury Car Market
7.7. Europe Luxury Car Market Snapshot
  7.7.1. U.K. Luxury Car Market
  7.7.2. Germany Luxury Car Market
  7.7.3. France Luxury Car Market
  7.7.4. Spain Luxury Car Market
  7.7.5. Italy Luxury Car Market
  7.7.6. Rest of Europe Luxury Car Market
7.8. Asia-Pacific Luxury Car Market Snapshot
  7.8.1. China Luxury Car Market
  7.8.2. India Luxury Car Market
  7.8.3. Japan Luxury Car Market
  7.8.4. Australia Luxury Car Market
  7.8.5. South Korea Luxury Car Market
  7.8.6. Rest of Asia Pacific Luxury Car Market
7.9. Latin America Luxury Car Market Snapshot
  7.9.1. Brazil Luxury Car Market
  7.9.2. Mexico Luxury Car Market
7.10. Rest of The World Luxury Car Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Company Profiles
  8.2.1. Daimler AG (Stuttgart, Germany)
    8.2.1.1. Key Information
    8.2.1.2. Overview
    8.2.1.3. Financial (Subject to Data Availability)
    8.2.1.4. Product Summary
    8.2.1.5. Recent Developments
  8.2.2. Bayerische Motoren Werke AG, (Munich, Germany)
  8.2.3. Volvo Car Corporation (Gothenburg, Sweden)
  8.2.4. Volkswagen AG (Wolfsburg, Germany)
  8.2.5. Tata Motors Limited (Mumbai, India)
  8.2.6. Ford Motor Company (US)
  8.2.7. AUDI AG (Germany)
  8.2.8. Kia Motors Corporation (South Korea)
  8.2.9. Groupe Renault (France)
  8.2.10. Toyota Motor Corporation (Toyota, Aichi, Japan)

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Luxury Car Market, report scope
TABLE 2. Global Luxury Car Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Luxury Car Market estimates & forecasts by Vehicle Type 2019-2029 (USD Billion)
TABLE 4. Global Luxury Car Market estimates & forecasts by Propulsion Type 2019-2029 (USD Billion)
TABLE 5. Global Luxury Car Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Luxury Car Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Luxury Car Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Luxury Car Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Luxury Car Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Luxury Car Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Luxury Car Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Luxury Car Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Luxury Car Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Luxury Car Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Luxury Car Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Luxury Car Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Luxury Car Market
TABLE 70. List of primary sources, used in the study of global Luxury Car Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Luxury Car Market, research methodology
FIG 2. Global Luxury Car Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Luxury Car Market, key trends 2021
FIG 5. Global Luxury Car Market, growth prospects 2022-2029
FIG 6. Global Luxury Car Market, porters 5 force model
FIG 7. Global Luxury Car Market, pest analysis
FIG 8. Global Luxury Car Market, value chain analysis
FIG 9. Global Luxury Car Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Luxury Car Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Luxury Car Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Luxury Car Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Luxury Car Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Luxury Car Market, regional snapshot 2019 & 2029
FIG 15. North America Luxury Car Market 2019 & 2029 (USD Billion)
FIG 16. Europe Luxury Car Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Luxury Car Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Luxury Car Market 2019 & 2029 (USD Billion)
FIG 19. Global Luxury Car Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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