Global Luxury Car Market Report 2024

Luxury Car Global Market Report 2024 – By Vehicle (Hatchback, Sedan, Sports Utility, Multi-Purpose Vehicle), By Vehicle Class (Entry-Level Luxury, Mid-Level Luxury, Ultra Luxury), By Propulsion (Internal Combustion Engine (ICE), Electric), By Fuel (Gasoline, Diesel, Electric) – Market Size, Trends, And Global Forecast 2024-2033

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Luxury Car Global Market Report 2023

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Luxury Car Market Definition And Segments

Luxury cars refer to vehicles with more potent motors, quieter interiors, improved handling, sophisticated safety features, and electronic technology. It is used for a certain level of prestige and social status.

The main types of luxury car vehicles are hatchback, sedan, sports utility, and multi-purpose vehicles. A hatchback refers to a vehicle with an additional back door that can be raised to allow objects to be loaded. The vehicle classes are entry-level luxury, mid-level luxury, and ultra-luxury with various propulsion such as internal combustion engine (ICE), and electric. The fuel types used are gasoline, diesel, and electric.

The luxury car market covered in this report is segmented –

1) By Vehicle: Hatchback, Sedan, Sports Utility, Multi-Purpose Vehicle

2) By Vehicle Class: Entry-Level Luxury, Mid-Level Luxury, Ultra Luxury

3) By Propulsion: Internal Combustion Engine (ICE), Electric

4) By Fuel: Gasoline, Diesel, Electric

The luxury car market size has grown strongly in recent years. It will grow from $582.19 billion in 2023 to $632.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to the economic boom and affluent consumer base, globalization, and market expansion, brand prestige and heritage, changing lifestyles and urbanization, rise of emerging markets.

The luxury car market size is expected to see strong growth in the next few years. It will grow to $850.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to electrification and sustainable luxury, subscription-based ownership models, global economic trends, focus on in-car connectivity and entertainment, regulatory changes and emission standards. Major trends in the forecast period include the digitalization of customer experience, autonomous driving technology, technological advancements in safety and comfort, innovation in design and engineering, rise of digital showrooms and virtual experiences.

Rising Demand For Electric Luxury Vehicles Fuels Growth In The Luxury Car Market

The growing trend of electric luxury vehicles is expected to propel the growth of the luxury car market going forward. Electric luxury vehicles refer to a vehicle that utilizes exclusively battery-stored energy to be pushed by one or more electric traction motors. Rising environmental awareness and a desire for cutting-edge technology and innovation in luxury automobiles drive the rising demand for electric luxury cars. The surge in popularity of electric luxury automobiles is the main factor driving up demand in the luxury car market. For instance, in January 2023, according to Tesla Inc., a US-based automobile company, production and delivery totals for the model S/X and E/Y (luxury electric vehicles) for the fourth quarter were over 439,000 and over 405,000, respectively. Vehicle deliveries increased 40% yearly to 1.31 million in 2022, while manufacturing rose 47% annually to 1.37 million. Therefore, the growing trend of electric luxury vehicles is driving the growth of the luxury car market.

Rising Disposable Income Fuels Expansion In The Luxury Car Market

The increasing disposal income is expected to propel the growth of the luxury car market going forward. An increase in disposable income is usually due to an improved economy leading to increased wages and salaries and boosting healthcare expenditure. Disposable income positively influences the growth of luxury car sales due to increased purchasing power and the ability to afford high-end vehicles as a form of discretionary spending. For instance, in August 2023, according to the Bureau of Economic Analysis, a US-based government agency, disposable personal income increased by $7.3 billion (less than 0.1%) in July 2023. Therefore, the increasing disposal income is driving the growth of the luxury car market.

Major companies operating in the luxury car market report are Volkswagen Group, Toyota Motor Corporation, Stellantis N.V., Mercedes-Benz Group AG, Ford Motor Company, BMW AG, Honda Motor Co Ltd., Hyundai Motor Group, Tesla Inc., Nissan Motor Co. Ltd., Audi AG, Kia Corporation, Renault Group, Continental AG, Tata Motors Limited, Volvo Car Corporation, Mazda Motor Corporation, Subaru Corporation, Jaguar Land Rover Automotive PLC, Rolls-Royce PLC, Ferrari N.V., Aston Martin Lagonda Group Limited, Acura, Brilliance Auto Group.

Advancement In Technology Enhances Luxury Car Market Presence

Technological advancements are a key trend gaining popularity in the luxury car market. Major companies operating in the luxury car market are adopting new technologies to sustain their position in the market. For instance, in December 2022, Bayerische Motoren Werke AG (BMW), a Germany-based automobile company, launched the XM SUV. The XM is the first M vehicle to include plug-in hybrid powertrain technology. It produces 489 hp and 800 pound-feet of torque thanks to a 4.4-liter twin-turbo V8 engine and an electric motor. BMW mates this engine to an 8-speed automatic transmission that uses the M xDrive system to distribute power to all four wheels.

Innovative Products Revolutionizing Luxury Cars Market Growth

Major companies operating in the luxury car market are focusing on product innovation such as hands-free driver assistance technology vehicles to meet evolving consumer demands and elevate their market presence. Hands-free driver assistance technology enables vehicles to perform certain driving tasks without the need for direct manual control by the driver. For instance, in October 2022, Cadillac, a US-based luxury vehicle company, launched CELESTIQ, the most technologically advanced Cadillac ever is designed to be the world’s first all-electric ultra-luxury sedan, utilizing innovative technology in the service of personalized, handcrafted artistry. It also has advanced all-wheel drive, adaptive air suspension with magnetic ride control, active rear steering, and Cadillac's first active roll control with the ClimateSense individualized four-zone microclimate system.

BMW's Strategic Acquisition Of Alpina Burkard Bovensiepen GMBH & Co. Kg Enhances Luxury Car Performance Portfolio

In March 2022, Bayerische Motoren Werke AG, a Germany-based luxury vehicle company, acquired Alpina Burkard Bovensiepen GmbH & Co. KG for an undisclosed amount. This acquisition helped BMW strengthen its position in luxury cars for better performance. Alpina Burkard Bovensiepen GmbH & Co. KG is a Germany-based exclusive automobile manufacturing company.

Asia-Pacific was the largest region in the luxury car market in 2023. The regions covered in the luxury car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the luxury car market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The luxury car market consists of sales of luxury SUVs or crossovers, full-size luxury sedans, mid-size luxury and compact luxury cars. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The luxury car market research report is one of a series of new reports from The Business Research Company that provides luxury car market statistics, including luxury car industry global market size, regional shares, competitors with a luxury car market share, detailed luxury car market segments, market trends and opportunities, and any further data you may need to thrive in the luxury car industry. This luxury car market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Luxury Car Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $632.68 billion
Revenue Forecast In 2033 $850.93 billion
Growth Rate CAGR of 7.7% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Vehicle: Hatchback, Sedan, Sports Utility, Multi-Purpose Vehicle
2) By Vehicle Class: Entry-Level Luxury, Mid-Level Luxury, Ultra Luxury
3) By Propulsion: Internal Combustion Engine (ICE), Electric
4) By Fuel: Gasoline, Diesel, Electric
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Volkswagen Group; Toyota Motor Corporation; Stellantis N.V.; Mercedes-Benz Group AG; Ford Motor Company; BMW AG; Honda Motor Co Ltd.; Hyundai Motor Group; Tesla Inc.; Nissan Motor Co. LTD; Audi AG; Kia Corporation; Renault Group; Continental AG; Tata Motors Limited; Volvo Car Corporation; Mazda Motor Corporation; Subaru Corporation; Jaguar Land Rover Automotive PLC; Rolls-Royce plc; Ferrari N.V.; Aston Martin Lagonda Group Limited; Acura; Brilliance Auto Group; Aiways.
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    Table Of Contents

    1. Executive Summary

    2. Luxury Car Market Characteristics

    3. Luxury Car Market Trends And Strategies

    4. Luxury Car Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Luxury Car Market Size and Growth

    5.1. Global Luxury Car Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Luxury Car Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Luxury Car Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Luxury Car Market Segmentation

    6.1. Global Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Hatchback

    Sedan

    Sports Utility

    Multi-Purpose Vehicle

    6.2. Global Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Entry-Level Luxury

    Mid-Level Luxury

    Ultra Luxury

    6.3. Global Luxury Car Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Internal Combustion Engine (ICE)

    Electric

    6.4. Global Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Gasoline

    Diesel

    Electric

    7. Luxury Car Market Regional And Country Analysis

    7.1. Global Luxury Car Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Luxury Car Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Luxury Car Market

    8.1. Asia-Pacific Luxury Car Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Luxury Car Market

    9.1. China Luxury Car Market Overview

    9.2. China Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Luxury Car Market

    10.1. India Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Luxury Car Market

    11.1. Japan Luxury Car Market Overview

    11.2. Japan Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Luxury Car Market

    12.1. Australia Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Luxury Car Market

    13.1. Indonesia Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Luxury Car Market

    14.1. South Korea Luxury Car Market Overview

    14.2. South Korea Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Luxury Car Market

    15.1. Western Europe Luxury Car Market Overview

    15.2. Western Europe Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Luxury Car Market

    16.1. UK Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Luxury Car Market

    17.1. Germany Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Luxury Car Market

    18.5. France Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Luxury Car Market

    19.9. Italy Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Luxury Car Market

    20.13. Spain Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Luxury Car Market

    21.1. Eastern Europe Luxury Car Market Overview

    21.2. Eastern Europe Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Luxury Car Market

    22.1. Russia Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Luxury Car Market

    23.1. North America Luxury Car Market Overview

    23.2. North America Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Luxury Car Market

    24.1. USA Luxury Car Market Overview

    24.2. USA Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Luxury Car Market

    25.1. Canada Luxury Car Market Overview

    25.2. Canada Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Luxury Car Market

    26.1. South America Luxury Car Market Overview

    26.2. South America Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Luxury Car Market

    27.1. Brazil Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Luxury Car Market

    28.1. Middle East Luxury Car Market Overview

    28.2. Middle East Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Luxury Car Market

    29.1. Africa Luxury Car Market Overview

    29.2. Africa Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Luxury Car Market Competitive Landscape And Company Profiles

    30.1. Luxury Car Market Competitive Landscape

    30.2. Luxury Car Market Company Profiles

    30.2.1. Volkswagen Group

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Toyota Motor Corporation

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Stellantis N.V.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Mercedes-Benz Group AG

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Ford Motor Company

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Luxury Car Market Other Major And Innovative Companies

    31.1. BMW AG

    31.2. Honda Motor Co Ltd.

    31.3. Hyundai Motor Group

    31.4. Tesla Inc.

    31.5. Nissan Motor Co. LTD

    31.6. Audi AG

    31.7. Kia Corporation

    31.8. Renault Group

    31.9. Continental AG

    31.10. Tata Motors Limited

    31.11. Volvo Car Corporation

    31.12. Mazda Motor Corporation

    31.13. Subaru Corporation

    31.14. Jaguar Land Rover Automotive PLC

    31.15. Rolls-Royce plc

    32. Global Luxury Car Market Competitive Benchmarking

    33. Global Luxury Car Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Luxury Car Market

    35. Luxury Car Market Future Outlook and Potential Analysis

    35.1 Luxury Car Market In 2028 - Countries Offering Most New Opportunities

    35.2 Luxury Car Market In 2028 - Segments Offering Most New Opportunities

    35.3 Luxury Car Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Luxury Car Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Luxury Car Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Luxury Car Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Volkswagen Group Financial Performance
  • Table 76: Toyota Motor Corporation Financial Performance
  • Table 77: Stellantis N.V. Financial Performance
  • Table 78: Mercedes-Benz Group AG Financial Performance
  • Table 79: Ford Motor Company Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Luxury Car Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Luxury Car Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Luxury Car Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Luxury Car Market, Segmentation By Vehicle, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Luxury Car Market, Segmentation By Vehicle Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Luxury Car Market, Segmentation By Fuel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Volkswagen Group Financial Performance
  • Figure 76: Toyota Motor Corporation Financial Performance
  • Figure 77: Stellantis N.V. Financial Performance
  • Figure 78: Mercedes-Benz Group AG Financial Performance
  • Figure 79: Ford Motor Company Financial Performance
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Frequently Asked Questions

What is the definition of the luxury car market?

Luxury cars refer to vehicles with more potent motors, quieter interiors, improved handling, sophisticated safety features, and electronic technology. It is used for a certain level of prestige and social status. For further insights on the luxury car market, request a sample here

How will the luxury car market drivers and restraints affect the luxury car market dynamics? What forces will shape the luxury car industry going forward?

The luxury car market major growth driver - Rising Demand For Electric Luxury Vehicles Fuels Growth In The Luxury Car Market. For further insights on the luxury car market, request a sample here

What is the forecast market size or the forecast market value of the luxury car market?

The luxury car market size has grown strongly in recent years. It will grow from $582.19 billion in 2023 to $632.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to economic boom and affluent consumer base, globalization and market expansion, brand prestige and heritage, changing lifestyles and urbanization, rise of emerging markets. The luxury car market size is expected to see strong growth in the next few years. It will grow to $850.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to electrification and sustainable luxury, subscription-based ownership models, global economic trends, focus on in-car connectivity and entertainment, regulatory changes and emission standards. Major trends in the forecast period include digitalization of customer experience, autonomous driving technology, echnological advancements in safety and comfort, innovation in design and engineering, rise of digital showrooms and virtual experiences . For further insights on the luxury car market, request a sample here

How is the luxury car market segmented?

The luxury car market is segmented
1) By Vehicle: Hatchback, Sedan, Sports Utility, Multi-Purpose Vehicle
2) By Vehicle Class: Entry-Level Luxury, Mid-Level Luxury, Ultra Luxury
3) By Propulsion: Internal Combustion Engine (ICE), Electric
4) By Fuel: Gasoline, Diesel, ElectricFor further insights on the luxury car market, request a sample here

Which region has the largest share of the luxury car market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the luxury car market in 2023. The regions covered in the luxury car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the luxury car market, request a sample here.

Who are the major players in the luxury car market?

Major companies operating in the luxury car market report are Volkswagen Group, Toyota Motor Corporation, Stellantis N.V., Mercedes-Benz Group AG, Ford Motor Company, BMW AG, Honda Motor Co Ltd., Hyundai Motor Group, Tesla Inc., Nissan Motor Co. LTD, Audi AG, Kia Corporation, Renault Group, Continental AG, Tata Motors Limited, Volvo Car Corporation, Mazda Motor Corporation, Subaru Corporation, Jaguar Land Rover Automotive PLC, Rolls-Royce plc, Ferrari N.V., Aston Martin Lagonda Group Limited, Acura, Brilliance Auto Group, Aiways. For further insights on the luxury car market, request a sample here.

What are the key trends in the luxury car market?

Major trend in the luxury car market - Advancement In Technology Enhance Luxury Car Market Presence. For further insights on the luxury car market, request a sample here.

What are the major opportunities in the luxury car market? What are the strategies for the luxury car market?

For detailed insights on the major opportunities and strategies in the luxury car market, request a sample here.

How does the luxury car market relate to the overall economy and other similar markets?

For detailed insights on luxury car market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the luxury car industry?

For detailed insights on the mergers and acquisitions in the luxury car industry, request a sample here.

What are the key dynamics influencing the luxury car market growth? SWOT analysis of the luxury car market.

For detailed insights on the key dynamics influencing the luxury car market growth and SWOT analysis of the luxury car industry, request a sample here.