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Exclusive Report on Luxury Car Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Luxury

The “Luxury Car Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Luxury Car Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Luxury Car market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Luxury Car Market Are:

  • Daimler AG
  • Bayerische Motoren Werke AG (BMW)
  • Volvo Group
  • Volkswagen Group
  • Tata Motor Limited
  • Tesla Inc.
  • General Motors Company
  • Ford Motor Company
  • Aston Martin Lagonda Ltd
  • Honda Motor Co.
  • Nissan

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    Market Overview:

  • The luxury car market (henceforth, referred to as the market studied) is anticipated to register a CAGR of about 5.83% during the forecast period (2019 – 2024).
  • – A rise in tangible luxury offerings in vehicles, shifting consumer preferences from sedan to SUVs, and increasing disposable incomes of consumers have been propelling the demand for luxury cars around the world. However, there are a few factors, such as an increase in import tariffs, which are expected to hinder the growth of the luxury car market. For instance: the US President-elect may increase the import tariffs on German luxury cars. The BMW and other Germany luxury car manufacturers may have to face a 35% import duty for cars not manufactured in the United States.
  • – The growing trend of electric luxury vehicles across the regions is fueling the demand for luxury cars. With the growing environmental concerns, the governments, and environmental associations across the world are tightening the emission norms. As a result, major luxury car manufacturers are launching electric variants of their vehicles, which is expected to accelerate the growth of the luxury car market over the forecast period.
  • – Some of the major players in the market studied are Mercedes-Benz, BMW, Lexus, Audi, Volvo, Land Rover and Jaguar, and Tesla. In 2018, Mercedes-Benz dominated the luxury car market, with a market share of approximately 16%, followed by BMW. The other players in the market studied include, Ferrari, Lamborghini, and Porsche, among others.

    Scope of the Report:

  • The global luxury car market covers all the latest R&D initiatives, investment done by the governments, and vehicle manufacturers across the world. The includes

    Luxury Car Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Luxury Car market?
    • What are the key market trends impacting the growth of the global Luxury Car market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Luxury Car market?
    • What are the market opportunities and threats faced by the vendors in the global Luxury Car market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Luxury Car market?

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    Key Market Trends:

    IC Engines Expected to Witness Slow Growth Rate

    The IC engine segment of the market studied is currently leading the market studied, however, it is anticipated that the demand for IC engine vehicles may slow down over the forecast period. At present, major players, such as Mercedes-Benz, BMW, and Audi cover a significant percentage of share in the drive type market segmentation in the global luxury car market.

    With the growing environmental concerns, owing to rising exhaust emissions, the governments and environmental associations across the world are tightening the emission norms. As a result, the demand for sustainable and environment-friendly transportation, such as EVs, is increasing, with governments offering higher incentives and subsidies to the owners of these vehicles.

    – For instance, China registered the highest number of new EV registrations in FY 2017-2018.
    – However, North America is expected to lead the luxury EV sales, owing to high disposable incomes and the availability of EV infrastructure in the region. The growing demand for style, power, and advanced telematics is also expected to continue to propel the demand for luxury EVs.
    – Additionally, luxury car component manufacturers are focusing on the development of next-generation smart mobility technologies, such as autonomous driving, personal voice assistance, and retina recognition, which are also expected to boost the sales of luxury EVs.

    The Asia-Pacific Region is Expected to Witness the Fastest Growth Rate

    The Asia-Pacific region is expected to witness the fastest growth rate during the forecast period.

    Currently, China is one of the largest markets for luxury cars among all developing countries in the luxury car market. The premium car manufacturers, such as Audi, Mercedes-Benz, BMW, and Lexus, have always maintained positive growth in the Chinese luxury car market. In 2017, luxury cars in the country accounted for more than 9% of the overall passenger cars sales. With the growing business opportunities in the country, the market for luxury cars is expected to witness moderately fast growth.

    Mercedes and BMW have dominated the luxury sedan segment of the Indian Market. In 2017, Mercedes India registered 16% growth compared to 2016. C-Class and E-class are the majorly sold models by the company.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Luxury Car Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Luxury Car.

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    Report Objectives:

    • Analyzing the size of the Luxury Car market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Luxury Car market.
    • Determining the key dynamics of the Luxury Car market.
    • Highlighting significant trends of the Luxury Car market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Luxury Car market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Luxury Car market.

    Detailed TOC of Luxury Car Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Vehicle Type
    5.1.1 Hatchback
    5.1.2 Sedan
    5.1.3 SUV
    5.2 Drive Type
    5.2.1 IC Engine
    5.2.2 Electric
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Rest of North America
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 UK
    5.3.2.3 France
    5.3.2.4 Italy
    5.3.2.5 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 India
    5.3.3.3 Japan
    5.3.3.4 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia
    5.3.5.2 South Africa
    5.3.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Daimler AG
    6.3.2 Bayerische Motoren Werke AG (BMW)
    6.3.3 Volvo Group
    6.3.4 Volkswagen Group
    6.3.5 Tata Motor Limited
    6.3.6 Tesla Inc.
    6.3.7 General Motors Company
    6.3.8 Ford Motor Company
    6.3.9 Aston Martin Lagonda Ltd
    6.3.10 Honda Motor Co.
    6.3.11 Nissan

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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    Alfredo Epps is a finance expert heading the petroleum column. He joined the group last year as an associate writer. But his thorough research skills and ability to seamlessly putting numerical data into words helped him get a senior position. Apart from a column head, Alfredo is a dancer and a violinist.

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