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Luxury SUV Market Share

Report ID: GMI6011
Published Date: Jun 2023
Report Format: PDF

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Luxury SUV Market Share

Some of the major companies operating in the luxury SUV market 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 companies focus on strategic partnerships and new product/service launches for market expansion. Furthermore, these companies are heavily investing in research to introduce innovative solutions and garner maximum revenue in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of luxury SUV was reached USD 4.1 billion in 2022 and will grow at more than 11% CAGR from 2023 to 2032, driven by growing technological innovations in the premium SUV space.

Hybrid/electric luxury SUV market was valued at more than USD 1 billion in 2022, on account of growing incentives & subsidies by the government to EV owners.

Asia Pacific market share was more than 44% in 2022, owing to the strong presence of numerous large-scale automobile manufacturers in the region.

Some of the prominent industry players include Volvo Car Corporation, Tata Motors Limited, Tesla, Aston Martin, Volkswagen AG, Toyota Motor Corporation, and Mazda Motor Corporation.