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Large SUVs Market Size, Share & Trend Analysis Report By Fuel Type (Petrol, Diesel, Electric), By Region, And Segment Forecasts, 2022 - 2028

May 2022 | 70 pages | ID: LCCE7F4DDFC1EN
Grand View Research, Inc.

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Large SUVs Market Growth & Trends

The global large SUVs market size is expected to reach USD 334.3 billion by 2028, registering a CAGR of 0.5% from 2022 to 2028, according to a new report by Grand View Research, Inc. The market growth of the large SUVs is significantly driven by the increasing popularity pertaining to the characteristics of on-road passenger cars and off-road sport vehicles. The rising popularity among car consumers in Europe, the Middle East, China, and India are expected to drive the market growth. Other characteristics such as large storage and seating space, higher ground clearance for mountain terrains, higher vantage point, etc. attracts consumers fueling the market growth. Furthermore, the introduction of an electric version of large SUVs is likely to propel market growth. For instance, as published on 17th November 2021, Hyundai revealed a new extra-large electric SUV, Hyundai Seven at Los Angeles Auto show.

The market growth of the large SUVs experienced a negative impact during the COVID-19 pandemic outbreak. To curb the infection, lockdowns and restrictions were imposed by the governments worldwide, which disrupted the supply chain at various stages in the automotive industry. This ultimately affected the global output of the large SUVs as well as worldwide sales, plummeting the growth rate. Over the forecast period, the market is expected to recover with resumed manufacturing, product launches, and purchase activities.

The electric segment by fuel type is anticipated to show strong growth scenarios, owing to the government initiatives, increased product launches, phasing out of fossil fuels, and environmental policies. From 2022 to 2028, the electric segment is expected to register a CAGR of 11.1% in the global market. Many carmakers are phasing out petrol and diesel cars and plan to go all-electric vehicles in the future. For instance, at United Nations, Climate Change Conference 2021, held in Oct.-Nov. 2021, major countries and automakers have set a new goal to go all-electric by 2040. The list of automakers comprises Ford, General Motors, Volvo, and Jaguar Land Rover, among others.

North America dominated the global market in 2021. The U.S. market being the biggest consumer and demanding region for large SUVs. The shift in consumer preference in the U.S. for off-road utility vehicles and increased popularity is credited for the higher consumption rate. Furthermore, the strong presence of the key players, easy availability, and higher spending on the passenger vehicles in the region are attributable to higher market revenue share.

Large SUVs Market Report Highlights
  • Europe is expected to witness the highest growth rate over the forecast period, registering a CAGR of 1.1% from 2022 to 2028. Heightened product launches, increasing popularity, and increasing spending on the passenger vehicles are expected to drive the regional market growth
  • The petrol segment held the highest share and is expected to maintain its dominance over the coming years. Easy availability, easy maintenance and aftersales service, easy accessibility of replacement parts, huge product offerings credited to the higher market share
  • Electric segment is pegged to register a CAGR of 11.1% from 2022 to 2028. The segment growth is attributed to the government initiatives to lower the greenhouse gas emission and manufactures increased product launches

CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. SPORTS SUMMARY

2.1. Market Outlook
2.2. Product Outlook
2.3. Fuel Type Outlook
2.4. Competitive Insights

CHAPTER 3. LARGE SUVS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Segmentation
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Industry Opportunities Analysis
3.5. Business Environment Analysis
  3.5.1. Porter’s Analysis
    3.5.1.1. Threat of new entrants
    3.5.1.2. Bargaining power of suppliers
    3.5.1.3. Bargaining power of buyers
    3.5.1.4. Threat of substitutes
    3.5.1.5. Competitive rivalry
  3.5.2. PESTLE Analysis
    3.5.2.1. Political Landscape
    3.5.2.2. Environmental Landscape
    3.5.2.3. Social Landscape
    3.5.2.4. Technology Landscape
    3.5.2.5. Economic Landscape
3.6. Legal Landscape
3.7. Impact of COVID-19 on Large SUVs Market

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations

CHAPTER 5. LARGE SUVS MARKET: FUEL TYPE ESTIMATES & TREND ANALYSIS

5.1. Fuel Type Movement Analysis & Market Share, 2021 & 2028
5.2. Petrol
  5.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.3. Diesel
  5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.4. Electric
  5.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
5.5. Others
  5.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)

CHAPTER 6. LARGE SUVS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

6.1. Regional Movement Analysis & Market Share, 2021 & 2028
6.2. North America
  6.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.2.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.2.3. U.S.
    6.2.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.2.3.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.2.4. Canada
    6.2.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.2.4.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
6.3. Europe
  6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.3.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.3.3. Germany
    6.3.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.3.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.3.4. U.K.
    6.3.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.4.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.3.5. France
    6.3.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.5.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.3.6. Russia
    6.3.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.6.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.3.7. Italy
    6.3.7.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.3.7.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
6.4. Asia Pacific
  6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.4.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.4.3. China
    6.4.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.3.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.4.4. Japan
    6.4.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.4.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.4.5. India
    6.4.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.4.5.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
6.5. Central & South America
  6.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.5.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.5.3. Brazil
    6.5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.5.3.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.5.4. Argentina
    6.5.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.5.4.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
6.6. Middle East & Africa
  6.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
  6.6.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.6.3. South Africa
    6.6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.6.3.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)
  6.6.4. Saudi Arabia
    6.6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
    6.6.4.2. Market Estimates and Forecast, By Fuel Type, 2017 - 2028 (USD Million)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Key global players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
  7.3.1. Key company market share analysis, 2021

CHAPTER 8. COMPANY PROFILES

8.1. Stellantis NV
  8.1.1. Company Overview
  8.1.2. Financial Performance
  8.1.3. Product Benchmarking
  8.1.4. Strategic Initiatives
8.2. Toyota Motor
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. Renault
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Volkswagen
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Hyundai Motor Company
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. Volvo Car Corporation
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. Suzuki Motor Corporation
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. General Motors
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Ford Motor Company
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. BMW Group
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives
8.11. Peugeot S.A.
  8.11.1. Company Overview
  8.11.2. Financial Performance
  8.11.3. Product Benchmarking
  8.11.4. Strategic Initiatives
8.12. Geely
  8.12.1. Company Overview
  8.12.2. Financial Performance
  8.12.3. Product Benchmarking
  8.12.4. Strategic Initiatives

LIST OF TABLES

1. Large SUVs market - Key market driver analysis
2. Large SUVs market - Key market restraint analysis
3. Global Large SUVs market Estimates and Forecast, 2017 - 2028 (USD Million)
4. Global Petrol Cars Market Estimates and Forecast, 2017 - 2028 (USD Million)
5. Global Diesel Cars Market Estimates and Forecast, 2017 - 2028 (USD Million)
6. Global Electric Cars Market Estimates and Forecast, 2017 - 2028 (USD Million)
7. Global Others Cars Market Estimates and Forecast, 2017 - 2028 (USD Million)
8. North America Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
9. North America Large SUVs Market Estimates and Forecast by Fuel Type, 2017 - 2028 (USD Million)
10. U.S. Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
11. U.S. Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
12. Canada Large SUVs market Estimates and Forecast, 2017 - 2028 (USD Million)
13. Canada Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
14. Europe Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
15. Europe Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
16. Germany Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
17. Germany Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
18. U.K. Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
19. U.K. Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
20. France Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
21. France Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
22. Russia Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
23. Russia Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
24. Italy Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
25. Italy Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
26. Asia Pacific Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
27. Asia Pacific Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
28. China Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
29. China Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
30. Japan Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
31. Japan Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
32. India Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
33. India Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
34. Central & South America Large SUVs market Estimates and Forecast, 2017 - 2028 (USD Million)
35. Central & South America Large SUVs market revenue Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
36. Brazil Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
37. Brazil Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
38. Argentina Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
39. Argentina Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
40. Middle East & Africa Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
41. Middle East & Africa Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
42. South Africa Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
43. South Africa Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
44. Saudi Arabia Large SUVs Market Estimates and Forecast, 2017 - 2028 (USD Million)
45. Saudi Arabia Large SUVs Market Estimates and Forecast By Fuel Type, 2017 - 2028 (USD Million)
46. Vendor landscape

LIST OF FIGURES

1. Large SUVs Market Snapshot
2. Large SUVs Market Segmentation & Scope
3. Large SUVs Market Penetration & Growth Prospect Mapping
4. Large SUVs Market Value Chain Analysis
5. Large SUVs Market Dynamics
6. Large SUVs Market Porter's Analysis
7. Large SUVs market: Fuel Type Movement Analysis
8. Large SUVs market: Regional Movement Analysis


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