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Luxury Car Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global luxury car market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Luxury cars are premium, technologically advanced motor vehicles that provide high-quality interiors, better performance, and several safety features. They also offer superior quality, improved comfort and innovative services at a higher price compared to economy and mid-sized cars. They are usually equipped with leather seats, maps, cameras, and upgraded suspension and engines. Besides this, they include anti-kidnapping heartbeat monitor, top speed key, jump seat, trunk hinges, starlight headliner, gear selector, pop-up tweeters, air vent slats and other features. As a result, luxury cars are gaining traction around the world.

Luxury Car Market Trends:

Significant increase in tangible luxury offerings within a vehicle and rising disposable incomes of individuals are shifting consumer preferences towards luxury car brands. This represents one of the key factors propelling market growth. Apart from this, due to growing environmental concerns, governing agencies and environmental associations of several countries are reinforcing emission norms. Consequently, there is a rise in the demand for sustainable and eco-friendly transportation, such as electric luxury vehicles across the globe. The market is also driven by the rising adoption of pre-owned luxury cars on account of the easy access to financing, lower entry prices, and annual maintenance contracts. Furthermore, leading manufacturers are coming up with next-generation smart mobility technologies, such as personal voice assistance, autonomous driving, and retina recognition. They are also extensively investing in research and development (R&D) activities to integrate artificial intelligence (AI) and machine learning (ML) technologies, which is creating a favorable market outlook. However, the outbreak of the novel coronavirus disease (COVID-19) and the subsequent impositions of lockdown has resulted in a negative impact on the sales and production of luxury cars. The market is anticipated to recover once lockdown restrictions are uplifted worldwide.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury car market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on vehicle type, fuel type and price range.

Breakup by Vehicle Type:

  • Hatchback
  • Sedan
  • Sports Utility Vehicle
     

Breakup by Fuel Type:

  • Gasoline
  • Diesel
  • Electric
     

Breakup by Price Range:

  • Entry-Level
  • Mid-Level
  • High-End
  • Ultra
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, Aston Martin Lagonda Global Holding Plc, BMW AG, Daimler AG, Ferrari N.V., Nissan Motor Company Ltd., Tesla Inc, Toyota Motor Corporation and Volkswagen AG.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Vehicle Type, Fuel Type, Price Range, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AB Volvo, Aston Martin Lagonda Global Holding Plc, BMW AG, Daimler AG, Ferrari N.V., Nissan Motor Company Ltd., Tesla Inc, Toyota Motor Corporation and Volkswagen AG.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global luxury car market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global luxury car market?
  • What are the key regional markets?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the fuel type?
  • What is the breakup of the market based on the price range?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global luxury car market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Luxury Car Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Hatchback
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Sedan
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Sports Utility Vehicle
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Fuel Type
    7.1    Gasoline
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Diesel
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Electric
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Price Range
    8.1    Entry-Level
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Mid-Level
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    High-End
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Ultra
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    AB Volvo
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Aston Martin Lagonda Global Holding Plc
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    BMW AG
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Daimler AG
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Ferrari N.V.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Nissan Motor Company Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Tesla Inc
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Toyota Motor Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Volkswagen AG
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Luxury Car Market: Major Drivers and Challenges
Figure 2: Global: Luxury Car Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Luxury Car Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Luxury Car Market: Breakup by Vehicle Type (in %), 2020
Figure 5: Global: Luxury Car Market: Breakup by Fuel Type (in %), 2020
Figure 6: Global: Luxury Car Market: Breakup by Price Range (in %), 2020
Figure 7: Global: Luxury Car Market: Breakup by Region (in %), 2020
Figure 8: Global: Luxury Car (Hatchback) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Luxury Car (Hatchback) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Luxury Car (Sedan) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Luxury Car (Sedan) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Luxury Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Luxury Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Luxury Car (Gasoline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Luxury Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Luxury Car (Diesel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Luxury Car (Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Luxury Car (Electric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Luxury Car (Electric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Luxury Car (Entry-Level) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Luxury Car (Entry-Level) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Luxury Car (Mid-Level) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Luxury Car (Mid-Level) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Luxury Car (High-End) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Luxury Car (High-End) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Luxury Car (Ultra) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Luxury Car (Ultra) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Canada: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Canada: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Asia-Pacific: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Asia-Pacific: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: China: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: China: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Japan: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Japan: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Australia: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Australia: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Indonesia: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Indonesia: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Others: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Others: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Germany: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Germany: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: France: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: France: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: United Kingdom: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: United Kingdom: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Italy: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Italy: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Spain: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Spain: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Russia: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Russia: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Latin America: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Latin America: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Brazil: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Brazil: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Mexico: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Mexico: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Middle East and Africa: Luxury Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Middle East and Africa: Luxury Car Market: Breakup by Country (in %), 2020
Figure 76: Middle East and Africa: Luxury Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Global: Luxury Car Industry: SWOT Analysis
Figure 78: Global: Luxury Car Industry: Value Chain Analysis
Figure 79: Global: Luxury Car Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Luxury Car Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Luxury Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Global: Luxury Car Market Forecast: Breakup by Fuel Type (in Million US$), 2021-2026
Table 4: Global: Luxury Car Market Forecast: Breakup by Price Range (in Million US$), 2021-2026
Table 5: Global: Luxury Car Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Luxury Car Market: Competitive Structure
Table 7: Global: Luxury Car Market: Key Players

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