Global Luxury SUV Market 2020-2024

Global Luxury SUV market 2020-2024

Technavio has been monitoring the luxury SUV market and it is poised to grow by 1.59 mn units during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on the luxury SUV market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rise in the HNWI population and increased preference for safety and comfort to drive sales of luxury SUVs. In addition, preference for safety and comfort is anticipated to boost the growth of the market as well.

The luxury SUV market analysis include type segment and geographic landscape.

Technavio's luxury SUV market is segmented as below:

By Type

  • Mid-size luxury SUVs
  • Full-size luxury SUVs
By Geographic Landscapes
  • North America
  • APAC
  • Europe
  • South America
  • MEA
This study identifies the technological updates within luxury SUVs to beat the competition as one of the prime reasons driving the luxury SUV market growth during the next few years. Also, the introduction of new luxury vehicle segments by manufacturers and the rapid development of electrified luxury vehicles will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our luxury SUV market covers the following areas:
  • Luxury SUV market sizing
  • Luxury SUV market forecast
  • Luxury SUV market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury SUV market vendors that include BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corporation, Volkswagen AG, and Volvo Car Corp. Also, the luxury SUV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis
      • Inputs
      • Inbound logistics
      • Automobile manufacturers
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2019-2024 (million units)
        • Table Global market: Year-over-year growth 2019-2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Mid-size luxury SUVs - Market size and forecast 2019-2024
      • Table Mid-size luxury SUVs - Market size and forecast 2019-2024 (million units)
      • Table Mid-size luxury SUVs - Year-over-year growth 2019-2024 (%)
    • Full-size luxury SUVs - Market size and forecast 2019-2024
      • Table Full-size luxury SUVs - Market size and forecast 2019-2024 (million units)
      • Table Full-size luxury SUVs - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer Landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 (million units)
      • Table North America - Year-over-year growth 2019-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (million units)
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (million units)
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 (million units)
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (million units)
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (million units)
  • Drivers, Challenges, and Trends
    • Volume drivers – Demand led growth
      • Increased preference for safety and comfort to drive sales of luxury SUVs
      • Rise in HNWI population
      • Rising preference for SUV model vehicles
    • Market challenges
      • Declining exclusivity of luxury cars
      • Rising preference for top variants of budget car brands
      • Increase in tax on luxury vehicles
        • Table Impact of drivers and challenges
    • Market trends
      • Rapid development of electrified luxury vehicles
      • Introduction of new luxury vehicle segments by manufacturers
      • Increased technological updates within luxury SUVs to beat competition
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • BMW AG
      • Table BMW AG - Overview
      • Table BMW AG - Business segments
      • Table BMW AG- Key news
      • Table BMW AG - Key offerings
      • Table BMW AG - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Ford Motor Co.
      • Table Ford Motor Co. - Overview
      • Table Ford Motor Co. - Business segments
      • Table Ford Motor Co. - Key news
      • Table Ford Motor Co. - Key offerings
      • Table Ford Motor Co. - Segment focus
    • General Motors Co.
      • Table General Motors Co. - Overview
      • Table General Motors Co. - Business segments
      • Table General Motors Co. - Key news
      • Table General Motors Co. - Key offerings
      • Table General Motors Co. - Segment focus
    • Nissan Motor Co. Ltd.
      • Table Nissan Motor Co. Ltd. - Overview
      • Table Nissan Motor Co. Ltd. - Business segments
      • Table Nissan Motor Co. Ltd. - Key news
      • Table Nissan Motor Co. Ltd. - Key offerings
      • Table Nissan Motor Co. Ltd. - Segment focus
    • Tata Motors Ltd.
      • Table Tata Motors Ltd. - Overview
      • Table Tata Motors Ltd. - Business segments
      • Table Tata Motors Ltd. - Key offerings
      • Table Tata Motors Ltd. - Segment focus
    • Tesla Inc.
      • Table Tesla Inc. - Overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Key offerings
      • Table Tesla Inc. - Segment focus
    • Toyota Motor Corporation
      • Table Toyota Motor Corporation - Overview
      • Table Toyota Motor Corporation - Business segments
      • Table Toyota Motor Corp. - Key news
      • Table Toyota Motor Corporation - Key offerings
      • Table Toyota Motor Corporation - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key news
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
    • Volvo Car Corp.
      • Table Volvo Car Corp. - Overview
      • Table Volvo Car Corp. - Business segments
      • Table Volvo Car Corp. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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