Global Luxury SUV Market 2022-2026

Global Luxury SUV Market 2022-2026

Technavio has been monitoring the luxury SUV market and it is poised to grow by 1798.24 th units during 2022-2026, accelerating at a CAGR of 7.73% during the forecast period. Our report 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 of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increased preference for safety and comfort to drive sales of luxury SUVs, the rise in the HNWI population, and the rising preference for SUV model vehicles.

The luxury SUV market analysis includes 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 Geographical Landscape
  • North America
  • APAC
  • Europe
  • South America
  • Middle East and Africa
This study identifies the rapid development of electric luxury vehicles 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 increased technological updates within luxury SUVs to beat the competition 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 report on the 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 AB Volvo, Bayerische Motoren Werke AG, China FAW Group Co. Ltd., Ford Motor Co., General Motors Co, Honda Motor Co. Ltd., Hyundai Motor Group, Mahindra and Mahindra Ltd., Mazda Motor Corp, Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd, Tesla Inc., The BYD Motors Inc., Toyota Motor Corp, and Volkswagen AG. 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 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 accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021-2026
      • Table Chart on Global - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Global - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Global Market- Year-over-year growth 2021-2026 (%)
      • Table Data Table on Global Market- Year-over-year growth 2021-2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2021 and 2026
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2021 and 2026
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2021 and 2026
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2021 and 2026
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2021 and 2026
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2021 and 2026
    • Market condition
      • Table Chart on Market condition - Five forces 2021 and 2026
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2021-2026 (%)
      • Table Data Table on Type - Market share 2021-2026 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Mid-size luxury SUVs - Market size and forecast 2021- 2026
      • Table Chart on Mid-size luxury SUVs - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Mid-size luxury SUVs - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Mid-size luxury SUVs - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Mid-size luxury SUVs - Year-over-year growth 2021-2026 (%)
    • Full-size luxury SUVs - Market size and forecast 2021- 2026
      • Table Chart on Full-size luxury SUVs - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Full-size luxury SUVs - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Full-size luxury SUVs - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Full-size luxury SUVs - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type (thousand units)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2021-2026 (%)
      • Table Data Table on Market share by geography 2021-2026 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2021-2026
      • Table Chart on North America - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on North America - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on North America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on North America - Year-over-year growth 2021-2026 (%)
    • APAC - Market size and forecast 2021-2026
      • Table Chart on APAC - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on APAC - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Table Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • Europe - Market size and forecast 2021-2026
      • Table Chart on Europe - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Europe - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • South America - Market size and forecast 2021-2026
      • Table Chart on South America - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on South America - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on South America - Year-over-year growth 2021-2026 (%)
      • Table Data Table on South America - Year-over-year growth 2021-2026 (%)
    • Middle East and Africa - Market size and forecast 2021- 2026
      • Table Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • US - Market size and forecast 2021-2026
      • Table Chart on US - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on US - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on US - Year-over-year growth 2021-2026 (%)
      • Table Data Table on US - Year-over-year growth 2021-2026 (%)
    • China - Market size and forecast 2021-2026
      • Table Chart on China - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on China - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on China - Year-over-year growth 2021-2026 (%)
      • Table Data Table on China - Year-over-year growth 2021-2026 (%)
    • Germany - Market size and forecast 2021-2026
      • Table Chart on Germany - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Germany - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • Canada - Market size and forecast 2021-2026
      • Table Chart on Canada - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on Canada - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Table Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • UK - Market size and forecast 2021-2026
      • Table Chart on UK - Market size and forecast 2021-2026 (thousand units)
      • Table Data Table on UK - Market size and forecast 2021-2026 (thousand units)
      • Table Chart on UK - Year-over-year growth 2021-2026 (%)
      • Table Data Table on UK - Year-over-year growth 2021-2026 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography (thousand units)
  • Drivers, Challenges, and Trends
    • Market drivers
      • 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
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2021 and 2026
    • Market trends
      • Rapid development of electric luxury vehicles
      • Introduction of new luxury vehicle segments by manufacturers
      • Increased technological updates within luxury SUVs to beat competition
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • Bayerische Motoren Werke AG
      • Table Bayerische Motoren Werke AG - Overview
      • Table Bayerische Motoren Werke AG - Business segments
      • Table Bayerische Motoren Werke AG - Key news
      • Table Bayerische Motoren Werke AG - Key offerings
      • Table Bayerische Motoren Werke 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
    • Mercedes Benz Group AG
      • Table Mercedes Benz Group AG - Overview
      • Table Mercedes Benz Group AG - Business segments
      • Table Mercedes Benz Group AG - Key offerings
      • Table Mercedes Benz Group AG - 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 news
      • 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 Corp
      • Table Toyota Motor Corp - Overview
      • Table Toyota Motor Corp - Business segments
      • Table Toyota Motor Corp - Key news
      • Table Toyota Motor Corp - Key offerings
      • Table Toyota Motor Corp - Segment focus
    • Volkswagen AG
      • Table Volkswagen AG - Overview
      • Table Volkswagen AG - Business segments
      • Table Volkswagen AG - Key offerings
      • Table Volkswagen AG - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • 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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