Large SUVs Global Market Report 2024

Description

“Large SUVs Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on large SUVs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for large SUVs? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The large SUVs market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Fuel Type: Petrol; Diesel; Electric; Other Fuel Types
2) By Type: Sub-Compact SUV; Crossover; MPV; Other SUVs
3) By Price Range: Medium; Premium
Companies Mentioned: Stellantis NV; Toyota Motor Corporation; Renault Group; Volkswagen AG; Hyundai Motor Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Large SUVs, or sport utility vehicles, are characterized by their increased size, offering a seating capacity for 7-8 passengers, a larger cargo space, heightened strength, and off-road capabilities. Individuals opt for large SUVs for their comfortable driving experience, additional seating, and spacious cargo area.

Large SUVs come with various fuel options, including petrol, diesel, electric, and other alternative fuels. Petrol is a mixture of flammable hydrocarbons derived from petroleum, primarily used in internal combustion engines. The main categories of SUVs include sub-compact SUVs, crossovers, MPVs (multi-purpose vehicles), and other SUV variants. These vehicles are available in different price ranges, spanning from medium to premium options.

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

The large suvs market size has grown rapidly in recent years. It will grow from $404. 51 billion in 2023 to $445. 11 billion in 2024 at a compound annual growth rate (CAGR) of 10. 0%. The growth observed during the historic period can be attributed to factors such as consumer preferences, a focus on safety and versatility, increased towing capacity, the appeal of all-wheel drive and off-road capability, and the emphasis on luxury and comfort.

The large suvs market size is expected to see strong growth in the next few years. It will grow to $649. 32 billion in 2028 at a compound annual growth rate (CAGR) of 9. 9%. The anticipated growth in the forecast period can be attributed to factors such as regulatory emissions standards, heightened focus on fuel efficiency and environmental concerns, the trend towards electrification, market expansion in emerging economies, increased demand for customization and personalization, and the importance placed on ride comfort and interior space. Key trends expected in the forecast period encompass the integration of advanced driver assistance systems (ADAS), emphasis on connectivity and infotainment, improvements in off-road capability, enhanced safety features, and a growing interest in hybridization and electrification.

The large SUV market is anticipated to experience growth, driven by the increasing popularity of sports utility vehicles (SUVs) among consumers. SUVs, characterized by their robustness and capability to navigate challenging terrains, have gained traction due to their safety features, spacious interiors, and fuel efficiency. This rising popularity fuels manufacturers in the large SUV market to innovate and develop improved and larger SUV models. For example, the International Energy Agency reported a surge in the number of SUVs to 320 million in 2021, reflecting the widespread preference for these vehicles. Consequently, the upward trend in SUV popularity is a significant factor propelling the growth of the large SUV market.

The expansion of the automotive and transportation industry is poised to drive the large SUV market in the foreseeable future. As a vital component of the automotive sector, the market for large SUVs plays a crucial role in the industry's overall growth, particularly in the post-COVID-19 recovery phase. Notably, the United States saw an increase of 40. 8 million registered automobiles from 2012 to 2021, marking a 16. 4% rise. By September 2022, the total number of registered vehicles, including cars, SUVs, vans, and others, reached 290. 8 million. This growth underscores the significance of the automotive and transportation industry in propelling the large SUV market.

A prominent trend in the large SUV market is the focus on product innovations by major companies to strengthen their market positions. Companies are introducing new products with attractive designs and innovative features. For instance, Wuling Motors, based in China, launched its latest product line, Alvez, which garnered attention for its blend of appealing design and innovation.

Strategic partnership agreements are a noteworthy trend in the large SUV market, with major companies seeking collaborative ventures to enhance their capabilities. In June 2022, Toyota Motor Corporation, a Japanese automaker, entered a partnership with Suzuki Motor Corporation, another Japanese automotive company. This collaboration involved the immediate production of a new SUV type developed by Suzuki at Toyota Kirloskar Motor Pvt. Ltd. (TKM), exemplifying the benefits of business collaborations in the automotive industry.

In January 2021, the French-based automaker Peugeot S. A. (Groupe PSA) merged with Italy-based Fiat Chrysler Automobiles N. V. (FCA) to establish Stellantis N. V., a company valued at approximately $52 billion. This merger aimed to leverage the strengths of both companies in addressing the challenges of sustainable mobility and competing in the electric driving market. Stellantis N. V., headquartered in the Netherlands, operates in the large SUV market.

Major companies operating in the in the large suvs market report are Stellantis NV, Toyota Motor Corporation, Renault Group, Volkswagen AG, Hyundai Motor Company, Ford Motor Company, General Motors Company, Nissan Motor Corporation, Honda Motor Co Ltd., Kia Corporation, Subaru Corporation, Mercedes-Benz, Bayerische Motoren Werke AG, Audi AG, Volvo Group, Maruti Suzuki India Limited, Jeep, Chevrolet, Cadillac Motor Company, Buick Motor Company, Lincoln National Corporation, Mitsubishi Motors Corporation, Porsche AG, Jaguar Land Rover Automotive plc, Rolls-Royce Limited, Acura, Alfa Romeo Automobiles SpA, Lincoln Motor Company, Mazda Motor Corporation, Polestar

North America was the largest region in the large SUVs market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the large suvs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

The large SUVs market consists of sales of cars and vans. 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.

Product Code: r10435

1. Executive Summary

2. Large SUVs Market Characteristics

3. Large SUVs Market Trends And Strategies

4. Large SUVs 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 Large SUVs Market Size and Growth

5.1. Global Large SUVs Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Large SUVs Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Large SUVs Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Large SUVs Market Segmentation

6.1. Global Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sub-Compact SUV
Crossover
MPV
Other SUVs
6.2. Global Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Petrol
Diesel
Electric
Other Fuel Types
6.3. Global Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Medium
Premium

7. Large SUVs Market Regional And Country Analysis

7.1. Global Large SUVs Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Large SUVs Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Large SUVs Market

8.1. Asia-Pacific Large SUVs 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 Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Large SUVs Market

9.1. China Large SUVs Market Overview
9.2. China Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Large SUVs Market

10.1. India Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Large SUVs Market

11.1. Japan Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Large SUVs Market

12.1. Australia Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Large SUVs Market

13.1. Indonesia Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Large SUVs Market

14.1. South Korea Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Large SUVs Market

15.1. Western Europe Large SUVs Market Overview
15.2. Western Europe Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Large SUVs Market

16.1. UK Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Large SUVs Market

17.1. Germany Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Large SUVs Market

18. 5. France Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Large SUVs Market

19. 9. Italy Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Large SUVs Market

20.13. Spain Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Large SUVs Market

21.1. Eastern Europe Large SUVs Market Overview
21.2. Eastern Europe Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Large SUVs Market

22.1. Russia Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Large SUVs Market

23.1. North America Large SUVs Market Overview
23.2. North America Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Large SUVs Market

24.1. USA Large SUVs Market Overview
24.2. USA Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Large SUVs Market

25.1. Canada Large SUVs Market Overview
25.2. Canada Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Large SUVs Market

26.1. South America Large SUVs Market Overview
26.2. South America Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Large SUVs Market

27.1. Brazil Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Large SUVs Market

28.1. Middle East Large SUVs Market Overview
28.2. Middle East Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Large SUVs Market

29.1. Africa Large SUVs Market Overview
29.2. Africa Large SUVs Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Large SUVs Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Large SUVs Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Large SUVs Market Competitive Landscape And Company Profiles

30.1. Large SUVs Market Competitive Landscape
30.2. Large SUVs Market Company Profiles
- 30.2.1. Stellantis NV
  - 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. Renault Group
  - 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. Volkswagen 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. Hyundai 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. Global Large SUVs Market Competitive Benchmarking

32. Global Large SUVs Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Large SUVs Market

34. Large SUVs Market Future Outlook and Potential Analysis

34.1 Large SUVs Market In 2028 - Countries Offering Most New Opportunities
34.2 Large SUVs Market In 2028 - Segments Offering Most New Opportunities
34. 3 Large SUVs Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer