Luxury Car Global 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 2024

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Luxury Car Market Definition

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 vehicle. 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.

Luxury Car Market Segmentation

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

Global Luxury Car Market Size 2023 to 2028: Graph

Luxury Car Market Size 2024 And Growth Rate

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.

Luxury Car Market Growth Forecast

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.

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Luxury Car Market Driver: 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.

Luxury Car Market Driver: 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 percent) in July 2023. Therefore, the increasing disposal income is driving the growth of the luxury car market.

Global Luxury Car Market Major Players

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.

Global Luxury Car Market Trend: Advancement In Technology Enhance 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.

Global Luxury Car Market Trend: 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.

Luxury Car Market Merger And Acquisition: 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.

Regional Outlook For The Global Luxury Car Market

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 SUV or crossover, full-size luxury sedan, 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 Forecast And Analysis

Report Attribute	Details
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	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, 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.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

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?

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?

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.