Global Luxury Cars Market 2018-2022: Market to Grow at a CAGR of 11.5% - Key Vendors are Audi, BMW, Daimler, Tesla & Toyota

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Apr 26, 2018, 08:30 ET

DUBLIN, April 26, 2018 /PRNewswire/ --

The "Global Luxury Cars Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global luxury cars market to grow at a CAGR of 11.51% during the period 2018-2022.

Global Luxury Cars Market 2018-2022 covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of luxury cars.

The latest trend gaining momentum in the market is Increasing technological updates in luxury cars to beat competition. Luxury cars are viewed as flagship models of automakers. Hence, automakers update their luxury car models with highly sophisticated technologies and features like parking assist. Volvo XC90 has an advanced system of parking assist with four hidden cameras to give the driver a 360 view while parking as well as driving. The feed from the cameras is controlled using a touch display. The driver can choose the angle and camera for making an informed decision regarding parking. The vehicle can also semi-automatically steer, stop, decelerate, and accelerate itself under 30 miles per hour.

According to the report, one of the major drivers for this market is Rising demand for luxury SUVs. SUVs are high-power vehicles with higher seating, ground clearance, the center of gravity; and capability to travel on off-road conditions. They render higher safety due to a large number of safety features, which are standard fitment in such vehicles. The Americas is the most favorable market for SUV model vehicles due to the cheap availability of credit, low fuel prices, and technological advances.

Further, the report states that one of the major factors hindering the growth of this market is Rising preference for top variants of budget car brands. European auto manufacturers markets budget cars variants to capture passenger car market which has increased its sale volume in 2016. As these budget cars are developed and launched as the strategic business units of main parent vehicle manufacturer.

For instance, Volkswagen and Nissan owned had affected the sales of its luxury segment because of providing advanced to technologies to budget cars for increasing its sales. This is expected to remain as a challenge for the global luxury cars market during the forecast period.

Key vendors

Audi
BMW
Daimler
Tesla
Toyota Motor Corporation

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 05: MARKET SIZING

Market definition
Market sizing 2017
Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY PRODUCT

Segmentation by product
Comparison by product
Executive luxury cars - Market size and forecast 2017-2022
Super luxury cars - Market size and forecast 2017-2022
Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

Geographical segmentation
Regional comparison
Key leading countries
Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

Launch of electric luxury car models
Increasing technological updates in luxury cars to beat competition

PART 13: VENDOR LANDSCAPE

PART 14: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/z6kblr/global_luxury?w=5

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SOURCE Research and Markets