Home > Automotive > Mobility > Passenger Vehicles > crossover market
Get a free sample of Crossover Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Crossover Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
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.
Major companies operating in the crossover industry are:
BMW, Ford, General Motors, Honda, Hyundai, Mercedes-Benz, Mitsubishi, Nissan, Stellantis N.V., Toyota and Volkswagen.
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.
The compact segment is likely to hold 39% revenue share by 2032, driven by an attractive balance of size and practicality.
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.