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Global Luxury Van Market 2017-2021

Global Luxury Van Market 2017-2021

About Luxury Van

A van is an automobile that is generally larger than an SUV and smaller than a bus or truck. It is mainly used as a passenger vehicle, business vehicle, or commercial vehicle. A passenger van can accommodate 12-15 people, including the driver. The market encompasses luxury vans that are high-end vehicles. They offer more comfort, space, safety, design, and technology than traditional vehicles. They have several security technologies and comfort amenities such as electronic stability control, TV entertainment system, anti-lock brakes, massaging and heated seats, and remote start. These vehicles offer a higher performance and better handling than their traditional counterparts.

Technavio’s analysts forecast the global luxury van market to grow at a CAGR of 3.63% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global luxury van market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Luxury Van Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report 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.

Key vendors
  • Daimler
  • General Motors Company (GM)
  • Nissan Motor Company
  • Volkswagen Group
Other prominent vendors
  • BECKER AUTOMOTIVE DESIGN
  • Ford Motor
  • Honda Motor
  • Hyundai Motor
  • Renault
  • Thor Industries
  • Toyota Motor
Market driver
  • Increase in disposable income and healthy financial environment.
  • For a full, detailed list, view our report
Market challenge
  • Growing used and converted luxury van market.
  • For a full, detailed list, view our report
Market trend
  • Growing adoption of electric and hybrid powertrain into luxury vans.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Luxury Van Market 2017-2021

Technavio recognizes the following companies as the key players in the global luxury van market: Daimler, General Motors Company (GM), Nissan Motor Company, and Volkswagen Group.

Other Prominent Vendors in the market are: BECKER AUTOMOTIVE DESIGN, Ford Motor,Honda Motor, Hyundai Motor, Renault, Thor Industries, and Toyota Motor.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is introduction of autonomous luxury vans. One of the major R&D activities happening in the automotive sector is the creation of autonomous vehicles (AVs). Companies like Google and many top OEMs are trying to create the best prototypes of AVs using very advanced technologies.”

According to the report, one driver in market is increase in disposable income and healthy financial environment. The global luxury van market is driven by a rise in the per capita disposable income among the general population. The per capita disposable income shows a low level of volatility in developed countries. This has boosted the purchasing power of people across the globe. The US, with a GDP per capita of $54,629.5 in 2014, is the sole superpower, and it is the most technologically powerful economy globally. In addition, the unemployment rate in the US has been trending downward (decreasing) in the past five years, which shows that the US economy is growing.

Further, the report states that one challenges in market is traffic congestion losses and pollution. The effects of traffic congestion on the luxury vehicle companies are a reduction in vehicle utilization, diminished fuel efficiency, complex costs of fleet operation, a shrink in market exposure, higher cost of transportation, high chances of product spoilage, and delays in travel times. To reduce traffic congestion on roads and highways, governments need to invest extensively in road transportation systems. These factors act as major challenges for the luxury van market. For instance, in the US, the nationwide cost of congestion in 2011 was $121 billion ($818 per commuter), which was one billion dollars more than the previous year. Of that total, about $27 billion was wasted diesel fuel from vehicles on the nation’s highway system.

Companies Mentioned

Daimler, General Motors Company (GM), Nissan Motor Company, Volkswagen Group, BECKER AUTOMOTIVE DESIGN, Ford Motor,Honda Motor, Hyundai Motor, Renault, Thor Industries, and Toyota Motor.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Key highlights: Economic conditions across different regions and countries
      • Table Top ten countries by GDP 2012-2015 ($ billions)
      • Table Global automotive shipments 2012-2021 (units in millions)
      • Table Top luxury van offerings by OEMs in 2016
  • Market landscape
    • Market overview
      • Table Overview of global luxury van market
    • Market size and forecast
      • Table Global luxury van market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
    • Market size and forecast
      • Table Global luxury van market by end-user 2016 and 2021
      • Table Recent developments in global luxury van market by fleet operators
  • Geographical segmentation
    • Market overview
      • Table Global luxury van market by geography 2016
      • Table Global luxury van market by geography 2021
      • Table Global luxury van market by geography 2016-2021
    • Luxury van market in Americas
      • Table Luxury van market in the Americas 2016
      • Table Luxury van market in Americas 2016-2021 (thousands of units)
      • Table The Americas luxury van market by type 2016
      • Table The Americas luxury van market by type 2021
    • Luxury van market in APAC
      • Table Luxury van market in APAC 2016-2021 (thousands of units)
      • Table APAC luxury van market by type 2016
    • Luxury van market in EMEA
      • Table Europe luxury van market share 2016
      • Table Luxury van market in EMEA 2016-2021 (thousands of units)
      • Table EMEA luxury van market by type 2016
      • Table EMEA luxury van market by type 2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Introduction of autonomous luxury vans
    • Growing adoption of electric and hybrid powertrain into luxury vans
    • Increasing demand for small and compact luxury vans in emerging markets
  • Vendor landscape
    • Competitive benchmarking
      • Table Quality benchmarking of top vendors in the luxury van market
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Daimler
      • Table Daimler: Business segmentation
      • Table Daimler: Product portfolio
      • Table Daimler: Recent developments
    • General Motors Company (GM)
      • Table GM: Business segmentation by revenue 2015
      • Table GM: Geographical segmentation by revenue 2015
      • Table GM: Recent developments
    • Nissan Motor Company
      • Table Nissan Motor Company: Geographical segmentation by revenue 2015
      • Table Nissan Motor Company: Recent developments
    • Volkswagen Group
      • Table Volkswagen: Business segmentation
      • Table Recent developments: Volkswagen
  • Appendix
    • List of abbreviations
  • Explore Technavio

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