Home > Automotive > Mobility > Passenger Vehicles > Crossover Market

Crossover Market Share

Report ID: GMI9130
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Crossover Market Share

Ford and Toyota hold around 10% market share. Ford prioritizes performance, fuel economy, and driving experience in its lineup of crossovers by incorporating cutting-edge powertrain technologies, hybrid and electric variants, and lightweight materials to improve performance while minimizing emissions and fuel usage.

Toyota underscores Toyota's well-established reputation for reliability, safety, and longevity in the crossover segment. This is showcased through attributes such as the Toyota Safety Sense suite of driver-assistance systems, robust build quality, and strong resale value, appealing to customers seeking trustworthy transportation options.

Crossover Market Companies

Major companies operating in the crossover industry are:

BMW
Ford
General Motors
Honda
Hyundai
Mercedes-Benz
Mitsubishi
Nissan
Stellantis N.V.
Toyota
Volkswagen

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of crossover reached USD 565.5 billion in 2023 and is set to witness 5.5% CAGR between 2024 and 2032, owing to the growing popularity of compact crossovers in urban areas.

The compact segment is likely to hold 39% revenue share by 2032, driven by an attractive balance of size and practicality.

Asia Pacific market accounted for a share of 45% in 2023, as improving infrastructure such as roads makes road trips more practical adding to the attraction of crossovers in this region.

BMW, Ford, General Motors, Honda, Hyundai, Mercedes-Benz, Mitsubishi, Nissan, Stellantis N.V., Toyota and Volkswagen.