Global SUV Market 2024-2028

Description

List of Tables

The SUV market is forecasted to grow by USD 272.36 bn during 2023-2028, accelerating at a CAGR of 5.72% during the forecast period. The report on the SUV market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased preference for safety and comfort driving sales of SUVs, rise in demand for 4-wheel and all-wheel drive options for off-roading, and rising preference for SUVs by upper-middle-class families.

Technavio's SUV market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.84%
CAGR	5.72%
Incremental Value	$272.36bn

By Vehicle Type

Medium-sized SUVs
Crossover and compact SUVs
Large-sized SUVs

By Fuel Type

Gasoline
Hybrid and electric SUV
Diesel

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the rapid development of electric and hybrid SUVs as one of the prime reasons driving the SUV market growth during the next few years. Also, increased technological updates for luxury SUVs and implementing subscription services for SUVs by established automakers will lead to sizable demand in the market.

The report on the SUV market covers the following areas:

SUV market sizing
SUV market forecast
SUV market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading SUV market vendors that include AB Volvo, Bayerische Motoren Werke AG, BYD Co. Ltd., China FAW Group Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mazda Motor Corp., Mercedes Benz Group AG, Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the SUV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77627

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global SUV market 2018 - 2022
4.2 Vehicle Type Segment Analysis 2018 - 2022
4.3 Fuel Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Vehicle Type

6.1 Market segments
6.2 Comparison by Vehicle Type
6.3 Medium-sized SUVs - Market size and forecast 2023-2028
6.4 Crossover and compact SUVs - Market size and forecast 2023-2028
6.5 Large-sized SUVs - Market size and forecast 2023-2028
6.6 Market opportunity by Vehicle Type

7 Market Segmentation by Fuel Type

7.1 Market segments
7.2 Comparison by Fuel Type
7.3 Gasoline - Market size and forecast 2023-2028
7.4 Hybrid and electric SUV - Market size and forecast 2023-2028
7.5 Diesel - Market size and forecast 2023-2028
7.6 Market opportunity by Fuel Type

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 North America - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028
9.8 China - Market size and forecast 2023-2028
9.9 India - Market size and forecast 2023-2028
9.10 Japan - Market size and forecast 2023-2028
9.11 US - Market size and forecast 2023-2028
9.12 Germany - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 AB Volvo
12.4 Bayerische Motoren Werke AG
12.5 BYD Co. Ltd.
12.6 Ford Motor Co.
12.7 General Motors Co.
12.8 Mazda Motor Corp.
12.9 Mercedes Benz Group AG
12.10 Mitsubishi Motors Corp.
12.11 Nissan Motor Co. Ltd.
12.12 Renault SAS
12.13 Stellantis NV
12.14 Tata Motors Ltd.
12.15 Tesla Inc.
12.16 Toyota Motor Corp.
12.17 Volkswagen AG

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations