Global Luxury Vehicle Market 2015-2019
About Luxury Vehicles
Luxury vehicles are high-end vehicles offering more comfort and safety than traditional vehicles. They have several security technologies and comfort amenities such as electronic stability control, DVD entertainment system, anti-lock brakes, massaging seats, active seat bolster, and remote start. These vehicles offer higher performance and better handling than their traditional counterparts. Luxury vehicles are also considered as a status symbol for conspicuous consumption.
TechNavio’s analysts forecast the Global Luxury Vehicle market to grow at a CAGR of 3.38 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Luxury Vehicle market for the period 2015-2019. To calculate the market size, the report considers the unit shipment of luxury cars worldwide.
TechNavio's report, Global Luxury Vehicle Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Western Europe, the APAC region, North America, and the ROW; it also covers the Global Luxury Vehicle market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. Key Vendors
TechNavio Announces the Publication of its Research Report – Global Luxury Vehicle Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Luxury Vehicle Market: BMW AG, Daimler AG, Tata Motors Ltd. and Volkswagen AG.
Other Prominent Vendors in the market are: Aston Martin Lagonda, Bentley, Ferrari, GM, Honda, Hyundai, Lexus, Maserati, Nissan and Volvo Group.
Commenting on the report, an analyst from TechNavio’s team said: “One major trend emerging in the market is the concept of smart vehicles on smart roads. The governments in major developed countries are making huge efforts to reduce collisions and accidents in different transportation verticals.”
According to the report, one of the key drivers of the market is the increase in the disposable income. The per capita disposable income shows a low level of volatility in developed countries, which has directly boosted the purchasing power of people, enabling them to buy luxury goods.
Further, the report states that one major challenge in the market is the slow growth of infrastructure. Conventional support is not compatible with many new technologies that have been introduced in the market in recent years. The need for upgraded infrastructure is a prime requirement for many countries to support the latest solutions and applications of luxury vehicles.
BMW , Daimler , Tata Motors , Volkswagen, Aston Martin Lagonda, Bentley, Ferrari, General Motors, Honda Motors, Hyundai Motors, Lexus , Maserati, Nissan Motors, Volvo Group
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