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Luxury Car Market Share

Report ID: GMI5707
Published Date: May 2023
Report Format: PDF

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Luxury Car Market Share

Some of the major players operating in the luxury car industry are :

Daimler AG
Bayerische Motoren Werke AG
Volvo Car Corporation
Volkswagen AG
Tata Motors Limited
Toyota Motor Corporation
Tesla
Aston Martin
Mazda Motor Corporation
Isuzu Motors Ltd.

These players focus on strategic partnerships and new product/service launches for market expansion. Furthermore, these players are heavily investing in research, allowing them to introduce innovative solutions and garner maximum revenue in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of luxury car was valued at USD 14.3 billion in 2022 and is estimated to record 10% CAGR from 2023 to 2032 due to the rising number of ultra-high-net-worth individuals worldwide.

Hybrid/electric luxury car industry size exceeded USD 2 billion in 2022 and will witness expansion from 2023-2032 owing to the increasing environmental concerns and higher influx of stringent environmental regulations.

Asia Pacific dominated 65% of the luxury car industry share in 2022 driven by the strong presence of numerous large-scale businesses in the region.

Demand for USD 60K - 90K luxury cars is estimated to observe 10% growth during 2023-2032 due to the higher availability of convenient financing options.

Major manufacturers in luxury car industry are Daimler AG, Bayerische Motoren Werke AG, Volvo Car Corporation, Volkswagen AG, Tata Motors Limited, Toyota Motor Corporation, Tesla, Aston Martin, Mazda Motor Corporation, and Isuzu Motors Ltd.