SUV Market by Type (Mini, Compact, Mid- & Full-Size, MPV), Propulsion (Diesel, Gasoline, Electric), Class (B, C, D, E), Seating Capacity (5 Seater,>5 seater), EV Type (BEV, PHEV, FCEV), Sales (Compact, Mid- & Full-Size) & Region - Global Forecast to 2027
[249 Pages Report] The SUV market is projected to reach USD 1,221.7 billion by 2027 from USD 885.8 billion in 2022, at a CAGR of 6.6%. The growth of the market includes the advanced comfort and automatic safety features premium SUVs offer, and the benefits like better maneuverability, larger space, and better comfort compared with sedans, are drawing the consumer inclination towards compact SUVs in developing countries. Similarly, Full-size SUVs offer several advantages, such as versatility, multiple drivetrain options, off-roading capabilities on rough and unpaved terrains, heavy towing capacity, larger seats and trunk space, higher level of comfort, and competitive price range against sedan cars. Moreover, the rising adoption of electric & hybrid vehicles and the advancements in semi-autonomous and autonomous vehicles would bring tremendous growth potential to the SUV market.
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SUV Market Dynamics
DRIVER: The rise in demand for premium vehicles with advanced comfort features
The improving global economic conditions have changed the overall lifestyle of consumers. Consumers' preferences have changed due to rising disposable income, and their demands have changed in line with modern lifestyles. This has favorably affected the sales of ultra-luxurious cars across the globe. In addition to this, demand for luxury cars can be attributed to factors such as comfort, convenience, entertainment, safety features, luxury cars equipped with advanced connectivity elements, autonomous-driving options, and the latest powertrain electrification technologies.
In line with growing luxury vehicles, the market for premium SUVs has risen significantly recently. According to MarketsandMarkets Analysis, of total premium cars produced globally, the share of premium SUVs stood at ~53% in 2016, which grew to ~62% in 2021. Countries such as the US, Canada, China, Japan, and South Korea lead the premium SUVs market, constituting more than 90% of total production globally. For instance, in 2021, the production of luxury SUVs in the US out of total luxury cars was around 75%. On the other hand, developing countries such as China, Brazil, and India have shown tremendous growth in SUVs demand during previous years. China and India's market has grown by ~36% and ~10%, respectively, from 2018 to 2021.
RESTRAINT: High cost of SUV
SUVs offer various benefits over hatchback and sedan cars, and buyers have moved towards this vehicle segment. According to IEA, global SUV sales had grown remarkably by more than 10% between 2020 and 2021, accounting for more than 45% of all new car sales globally. However, along with offering several advantages, these vehicles also come with heavy price tags compared to small- & mid-size cars, especially full-size SUVs. The compact SUVs market rose significantly in developed and developing nations, and mid-size SUVs are still in the mid-range in terms of pricing, and demand is considerably good compared to full-size ones. Along with being installed with powerful engines and providing off-roading capabilities, these full-size SUVs also have several safety and comfort features. These features include an improved infotainment touchscreen system, heated front seats, powerful air conditioners for the third row, parking assistance, intelligent alerts, driver assistance features, and many more. Most of these full-size SUVs fall under the premium and ultra-premium segments, making OEMs adopt more advanced features to sustain competition, ultimately increasing the overall cost of the vehicle.
OPPORTUNITY: Electrification of SUVs and growing adoption of advanced connected technologies
With the growing global vehicle sales, The government & regulatory bodies such as European Commission (EC) and the United States Environmental Protection Agency (US EPA) around the world have imposed stringent emission norms for controlling GHG emissions. Stringent emission norms have shifted the global focus towards electric and hybrid vehicles, which has resulted in exponential growth of these vehicles in recent years and simultaneously for electric SUVs. Many automotive OEMs are launching their electric SUVs in the market. At least one or more electric SUV models are currently available in the market from BMW, Mercedes, Audi, Volvo, Jaguar, Kia, Tesla, Chevrolet, and Hyundai, and several more are working to develop and launch in the coming future. According to IEA Global EV Outlook 2021, more than 55% of announced models globally are SUVs and pickups. The potential reason for electrifying SUVs is that the SUV is amongst the heaviest and most fuel-consuming vehicles, and electrification would help to meet stringent emission targets.
Further, these vehicles are costly compared to small cars and offer high-profit margins. This helps OEMs to bear extra electrification costs compared to smaller cars. US market has the highest electric SUV market share, whereas India, China, and some of the EU countries are the fastest growing in this segment; thus, the advantages would offer excellent growth opportunities to the OEMs and components suppliers
CHALLENGE: Challenges in meeting fuel economy and emission limits
The SUV market has grown at a significant pace in recent years. According to IEA, the number of SUVs will grow by more than 35 million on the world’s roads in 2021, increasing CO2 emissions by 120 million tonnes. Generally, mid-size and full-size SUVs have larger engines, generating higher Co2 emissions and lesser fuel efficiency. The engine size of top-selling full-size US SUVs ranges from 355HP to 420HP. Whereas in Europe, the engine sizes of top-selling large SUVs are ranging in between 315 HP to 400 HP. For instance, the top-selling model of Chevrolet Suburban in the US has an engine size of 420 Hp, and similarly, the best-selling large SUV Volvo XC90 in Europe has an engine size of 400 Hp. OEMs are focusing on producing large-size electric SUVs. However, the full-size electric SUVs would require high-capacity batteries that will be required a high charging time, and the overall weight of SUVs and cost of full-size SUVs will also increase. Thus, the electrification of large SUVs would require battery technology advancement.
Considering the stringent emission targets by regional bodies, the SUVs, especially mid-size and full-size SUV segments, continue to dominate conventional powertrains, which run on gasoline or diesel fuel. Though OEMs are developing hybrid powertrains to join the crowded race of electric vehicles, a handful of SUV models run hybrid or electric powertrains.
Apart from strict emission norms & certain OEMs efforts, policymakers of some countries implemented taxes & fines on heavy cars, which emit maximum emissions. For instance, France has imposed a pollution tax on SUVs and trucks, and Germany imposed a vehicle tax on high-emission cars. Similarly, the Road Transport and Highways Department of India approved a 'green tax' proposal on old vehicles with higher pollution. Thus, rising stringent government regulations on conventional SUVs and less fuel economy can hinder the growth of ICE engine SUV Market.
SUV Market Ecosystem
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The gasoline SUV segment is estimated to be the largest propulsion segment during the forecast period
Gasoline accounted for the largest market share among all propulsion types for the SUV market during the forecast period. The growth of the gasoline segment is mainly attributed to growing stringency in vehicular emission norms to reduce harmful sulfur and particulate matter (PM) levels in these vehicles. Thus, many global and regional authorities have moved towards cleaner gasoline. Furthermore, reduced price gap between diesel and gasoline SUVs and development in gasoline engines with enhanced and powerful turbocharged engines that are best suited for SUVs and offer better fuel efficiency. Major countries such as the US, India, Japan, and most European countries have experienced a shift from OEMs end to discontinuing diesel-based vehicles. For instance, in India, the largest domestic OEM – Maruti Suzuki, stopped producing diesel engine post execution of BS-VI regulation.
Similarly, almost every OEM in the US, such as Ford, General Motors, Toyota, etc., offers gasoline engines as a standard option in SUVs. Mini, compact, and mid-size SUVs are preferred with a gasoline engine as it delivers similar performance to diesel with reduced emissions. Thus, continuous decline in running costs between gasoline and diesel vehicles, gasoline-based SUVs are expected to remain in the dominant position in SUV market globally.
The battery electric is projected to be the largest segment for electric & hybrid SUV
Pure electric SUVs have the biggest market share; the market for all-electric SUVs is led by Asia-Pacific, with China accounting for more than 94% of worldwide sales in 2021. Chinese OEMs such as Dongfeng Motor Corp., Guangzhou Automobile Group (GAC), BAIC Group, Shanghai Automotive Industry Corporation (SAIC), and Jiangling Motors Co. Group, among others, are major electric SUV manufacturers in the market. They offer powerful and sustainable cars at a competitive price range for city commutes and light off-roading activities. On the other hand, South Korea, Japan, and India have launched considerable SUV models with electric versions in recent years. More powerful electric SUVs are expected in the future owing to rising advancements in electric powertrain, batteries, thermal management, and other power electronic modules and also commitments by global OEMs to reduce vehicular emissions at the lowest level, which will ultimately ignite the battery electric SUV market.
>5-seater is expected to grow at the fastest growth rate in the SUV market
More than 5-seat configuration is mainly available in full-size SUVs and MPVs. Nowadays, OEMs offer some mid-size SUVs variants with seven or eight-passenger seating capacity. Generally, the length of mid-size SUVs with 7-seater configurations is increased by 100-200 mm. These cars are ideal for consumers who have big families and are looking for more seating capacity at a similar price point to a mid-size SUV. SUVs with >5 seating capacities are mostly premium vehicles with all basic and advanced safety and comfort features that fulfill the consumers' needs. As the Americas region hold the largest market for this segment with the highest share of full-size SUVs, and rising adoption of mid-size and full-size SUVs in Asia Pacific countries are expected to spur the >5-seater SUV segment in future
Asia Pacific is estimated to be the dominant regional market for SUV
The market growth in Asia Pacific countries such as China, Japan, and India can be attributed to the increasing demand for vehicles owing to changing consumer preferences, increasing per capita income of the middle-class population, and cost advantages to global OEMs. Due to the increased vehicle production and sales, China is estimated to be the largest market for SUVs. As demand for passenger cars is growing, the consumer preference for comfort and advanced safety features has increased. Further, OEMs in this region offer multiple variants of SUVs in different type of SUVs at competitive pricing, which resulted in shifting consumer preference from sedan to the hatchback. Thus, rising vehicle production and consumer inclination for advanced safety and comfort features will create lucrative opportunities in the coming years.
Key Market Players
Toyota Motor Corporation (Japan), Hyundai Motors (South Korea), Volkswagen AG (Germany), General Motors (US), and Honda Motor Co., Ltd (Japan). These companies adopted new product launches and expansion to gain traction in the SUV market
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Scope of the Report
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|
Report Metric |
Details |
|
Market size available for years |
2018–2027 |
|
Base year considered |
2021 |
|
Forecast period |
2022–2027 |
|
Forecast units |
Value (USD Million/Billion) |
|
Segments covered |
By Type, By Seating Capacity, By Propulsion, By Class, Electric and Hybrid Vehicle by EV Type, Sales by Region and type, and By Region |
|
Geographies covered |
Asia Pacific, Americas, and Europe |
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Companies covered |
Toyota Motor Corporation (Japan), Volkswagen AG (Germany), Honda Motor Co., Ltd (Japan), Hyundai Motor Company (South Korea), General Motors (US), Ford Motor Company (US), Stellantis (Netherlands), Daimler (Germany), Nissan Motor CO., Ltd (Japan), and BMW Group (Germany) |
This research report categorizes the SUV market based on Type, Saeting Capacity, Propulsion, Class, Electric and Hybrid Vehicle by EV Type, Sales by Region and type, and Region
By Type
- Mini
- compact
- mid-size
- full-size
- MPV/MUV
By Seating Capacity
- 5 seater
- >5 seater
By Propulsion
- Diesel
- Gasoline
- and electric
By Class
- Class B
- Class C
- Class D
- Class E)
Electric and Hybrid Vehicle by EV Type
- BEV
- PHEV
- FCEV
Sales by Region and Type
By Region
- Asia Pacific
- Americas
- Europe
Recent Developments
- In July 2022, Toyota launched the all-new crown in global markets and company planned to release the Crown (Crossover type) as the first model around the fall of this year. The 16th generation Crown, set to begin production in January, comes in four varieties - a crossover with a hybrid system.
- July 2022, Honda Motor Co., Ltd. announced that the all-new ZR-V SUV which is scheduled to be available on sale in Japan by the end of this year. The hybrid model of the ZR-V will be the first Honda SUV to be equipped with the sports e: HEV that combines a 2.0-litre direct injection engine that debuted on the Civic e: HEV and the advanced 2-motor hybrid system (e-CVT).
- July 2022, General Motors planned to launch third generation GMC Canyon in 2023. The production of GMC Canyon will begin in January 2023.
- In May 2022, Toyota announced to launch the RAV4 Hybrid to a whole new level of adventure with the new 2023 Woodland Edition.
- May 2022, Hyundai Motor India (HMIL) is set to launch the all-new Tucson sports utility vehicle (SUV), with the fourth-generation model. . It is a premium SUV and first Hyundai car in India that feature Hyundai SmartSense tech with level-2 ADAS.
- May 2022, General Motors announced the pre-production start of Cadillac ‘s all-electric crossover in China.
- February 2021, Hyundai Motors launched its Ioniq 5 EV model. It has 58 and 73 kWh battery options and a dual electric motor.
- January 2021, FCA India, a subsidiary of Stellantis N.V. planned to invest USD 250 million in India to launch 4 New SUVs under the Jeep brand over the period of next 2 years. This would help to increase local sourcing of components and to achieve reduced cost and better economies of scale
Frequently Asked Questions (FAQ):
What is the current size of the global SUV market?
The global SUV market is estimated to be USD 885.8 billion in 2022, with the Asia Pacific dominating the market.
Which SUV type is currently leading the market?
The mid-Size segment is the leading SUV type in the market.
Many companies are operating in the market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
Toyota Motor Corporation, Hyundai Motor Company, General Motors, Volkswagen AG, and Stellantis Inc. These companies adopted new product launches and expansion strategies to gain traction in the market.
How is the demand for SUV varies by region?
Asia Pacific is estimated to be the largest market for SUV. The Asia Pacific region has recently emerged as a hub for automotive production. Europe and North America are also expected to grow at a decent pace during the forecast period due to the region's increasing demand for luxury vehicles and comfort features.
What are the drivers and opportunities for the SUV manufacturer?
Increasing stringency of emission regulations, increasing demand for luxury and comfort features, advancements in mobility solutions and increased demand for electric vehicles. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 23)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 SUV MARKET: MARKET SEGMENTATION
1.3.1 SUV (ICE) MARKET, BY REGION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 28)
2.1 RESEARCH DATA
FIGURE 2 SUV MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for ICE SUV production and electric SUV sales
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.1 Sampling techniques and data collection methods
2.1.2.2 Primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH
2.2.2 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND- AND SUPPLY-SIDES
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 ASSUMPTIONS AND ASSOCIATED RISKS
2.5.1 RESEARCH ASSUMPTIONS
2.5.2 MARKET ASSUMPTIONS
TABLE 1 ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT
2.6 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 41)
3.1 REPORT SUMMARY
FIGURE 8 SUV MARKET, BY REGION (ICE), 2022 VS. 2027 (USD MILLION)
3.2 SUV PRODUCTION VS. SALES COMPARISON OUTLOOK
FIGURE 9 SUV PRODUCTION VS. SALES COMPARISON (THOUSAND UNITS), 2018–2021
4 PREMIUM INSIGHTS (Page No. - 44)
4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
FIGURE 10 GROWING DEMAND FOR PREMIUM VEHICLES WITH COMFORT FEATURES, CONSUMER INCLINATION TOWARD UPRIGHT DRIVING EXPERIENCE, AND RISING DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
4.2 MARKET, BY TYPE (ICE)
FIGURE 11 MID-SIZE SUV SEGMENT TO HOLD LARGEST MARKET
4.3 MARKET, BY SEATING CAPACITY (ICE)
FIGURE 12 5 SEATER SUV TO LEAD GLOBAL MARKET DURING FORECAST PERIOD
4.4 MARKET, BY CLASS (ICE)
FIGURE 13 D SEGMENT TO SHOWCASE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.5 MARKET, BY PROPULSION TYPE (ICE)
FIGURE 14 GASOLINE SUVS PROJECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.6 ELECTRIC AND HYBRID MARKET, BY EV TYPE
FIGURE 15 FCEV SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.7 MARKET, BY REGION
FIGURE 16 ASIA PACIFIC TO ACQUIRE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.8 MARKET, BY REGION (ICE)
FIGURE 17 ASIA PACIFIC EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 48)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 SUV MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Demand for premium vehicles with advanced features
FIGURE 19 LUXURY SUV PRODUCTION (D AND E SEGMENTS), 2018–2021 (THOUSAND UNITS)
5.2.1.2 Consumer inclination toward compact SUVs
TABLE 2 OEM VS. PROPULSION TYPE VS. COMPACT SUV MODELS, 2021
5.2.2 RESTRAINTS
5.2.2.1 High cost of SUVs
TABLE 3 FULL-SIZE SUV PRICE RANGE, 2021
5.2.3 OPPORTUNITIES
5.2.3.1 Electrification of SUVs
TABLE 4 TOP ELECTRIC SUV MODELS, SALES, AND PRICE RANGE, 2021
TABLE 5 LIST OF LAUNCHED AND UPCOMING ELECTRIC SUV MODELS, 2021–2022
5.2.4 CHALLENGES
5.2.4.1 Challenges in meeting fuel economy and emission limits
5.3 TRENDS/DISRUPTIONS IMPACTING BUYERS
FIGURE 20 TRENDS/DISRUPTIONS IMPACTING BUYERS
5.4 MARKET SCENARIO
FIGURE 21 MARKET SCENARIO, 2018–2027 (USD MILLION)
5.4.1 REALISTIC SCENARIO
TABLE 6 MARKET (REALISTIC SCENARIO), BY REGION, 2018–2027 (USD BILLION)
5.4.2 LOW IMPACT SCENARIO
TABLE 7 MARKET (LOW IMPACT SCENARIO), BY REGION, 2018–2027 (USD BILLION)
5.4.3 HIGH IMPACT SCENARIO
TABLE 8 MARKET (HIGH IMPACT SCENARIO), BY REGION, 2018–2027 (USD BILLION)
5.5 PORTER'S FIVE FORCES ANALYSIS
FIGURE 22 PORTER'S FIVE FORCES ANALYSIS: ESTABLISHED GLOBAL PLAYERS INCREASE COMPETITION
5.5.1 PORTER'S FIVE FORCES ANALYSIS
5.5.2 THREAT OF SUBSTITUTES
5.5.3 THREAT OF NEW ENTRANTS
5.5.4 BARGAINING POWER OF BUYERS
5.5.5 BARGAINING POWER OF SUPPLIERS
5.5.6 INTENSITY OF COMPETITIVE RIVALRY
5.6 MARKET ECOSYSTEM
FIGURE 23 MARKET ECOSYSTEM
TABLE 9 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.7 SUPPLY CHAIN ANALYSIS
FIGURE 24 SUPPLY CHAIN ANALYSIS: MARKET
5.8 PRICING ANALYSIS
5.8.1 ICE SUV PRICING, BY TYPE AND REGION, 2021
5.8.2 ELECTRIC SUV PRICING, BY TYPE AND REGION, 2021
5.9 CASE STUDY ANALYSIS
5.9.1 SUCCESS OF RENAULT DUSTER
5.9.2 SKODA DRIVES BRAND IMAGE AND PURCHASE INTENT FOR KAMIQ SUV
5.9.3 REDUCING RANGE ANXIETY FOR AUDI FIRST ALL-ELECTRIC SUV
5.10 TRADE ANALYSIS
5.10.1 IMPORT DATA
TABLE 10 IMPORT TRADE DATA, BY COUNTRY, 2021
5.10.2 EXPORT DATA
TABLE 11 EXPORT TRADE DATA, BY COUNTRY, 2021
5.11 KEY CONFERENCES AND EVENTS IN 2022–2023
TABLE 12 SUV MARKET: DETAILED LIST OF UPCOMING CONFERENCES AND EVENTS
5.12 TECHNOLOGY ANALYSIS
5.12.1 DEVELOPMENT OF ADVANCED TECHNOLOGY
FIGURE 25 ADAS FEATURES IN SUVS
5.12.2 PACKAGED FUEL CELL SYSTEM MODULE
FIGURE 26 NEW PACKAGED FUEL CELL SYSTEM MODULE BY TOYOTA MOTOR CORPORATION
5.12.3 HEAD-UP DISPLAY (HUD)
6 SUV SALES, BY TYPE (Page No. - 70)
6.1 INTRODUCTION
FIGURE 27 SUV SALES, BY TYPE, 2016 VS. 2021 (THOUSAND UNITS)
TABLE 13 GLOBAL SUV SALES, BY TYPE, 2016–2021 (THOUSAND UNITS)
6.2 COMPACT SUV
6.2.1 ASIA PACIFIC
TABLE 14 ASIA PACIFIC: COMPACT SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.2.2 EUROPE
TABLE 15 EUROPE: COMPACT SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.2.3 AMERICAS
TABLE 16 AMERICAS: COMPACT SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.3 MID-SIZE SUV
6.3.1 ASIA PACIFIC
TABLE 17 ASIA PACIFIC: MID-SIZE SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.3.2 EUROPE
TABLE 18 EUROPE: MID-SIZE SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.3.3 AMERICAS
TABLE 19 AMERICAS: MID-SIZE SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.4 FULL-SIZE SUV
6.4.1 ASIA PACIFIC
TABLE 20 ASIA PACIFIC: FULL-SIZE SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.4.2 EUROPE
TABLE 21 EUROPE: FULL-SIZE SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
6.4.3 AMERICAS
TABLE 22 AMERICAS: FULL-SIZE SUV SALES, BY COUNTRY, 2016–2021 (THOUSAND UNITS)
7 SUV MARKET, BY TYPE (ICE) (Page No. - 76)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS: MARKET, BY TYPE
FIGURE 28 MARKET, BY TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 23 MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 24 MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 25 MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 26 MARKET, BY TYPE, 2022–2027 (USD MILLION)
7.2 MINI SUV
7.2.1 LOWER OWNERSHIP COST, RUGGED STYLING, AND COMFORT FEATURES
TABLE 27 MINI MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 28 MINI MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 29 MINI MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 30 MINI MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 COMPACT SUV
7.3.1 DOMINATED BY ASIA PACIFIC
TABLE 31 COMPACT MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 32 COMPACT MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 33 COMPACT MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 34 COMPACT MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 MID-SIZE SUV
7.4.1 BETTER FUNCTIONALITY AND PRACTICAL FEATURES
TABLE 35 MID-SIZE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 36 MID-SIZE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 37 MID-SIZE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 38 MID-SIZE MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 FULL-SIZE SUV
7.5.1 LARGER PASSENGER AND CARGO SPACE AND SUPERIOR ENGINE PERFORMANCE
TABLE 39 FULL-SIZE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 40 FULL-SIZE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 41 FULL-SIZE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 42 FULL-SIZE MARKET, BY REGION, 2022–2027 (USD MILLION)
7.6 MPV/MUV
7.6.1 LED BY ASIA PACIFIC AND EUROPE
TABLE 43 MPV/MUV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 44 MPV/MUV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 45 MPV/ MUV MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 46 MPV/MUV MARKET, BY REGION, 2022–2027 (USD MILLION)
8 SUV MARKET, BY PROPULSION TYPE (Page No. - 87)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS: MARKET, BY PROPULSION TYPE
FIGURE 29 MARKET, BY PROPULSION TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 47 MARKET, BY PROPULSION TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 48 MARKET, BY PROPULSION TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 49 MARKET, BY PROPULSION TYPE, 2018–2021 (USD MILLION)
TABLE 50 MARKET, BY PROPULSION TYPE, 2022–2027 (USD MILLION)
8.2 GASOLINE
8.2.1 CLEANER FUEL WITH ENHANCED PERFORMANCE
TABLE 51 GASOLINE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 52 GASOLINE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 53 GASOLINE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 54 GASOLINE MARKET, BY REGION, 2022–2027 (USD MILLION)
8.3 DIESEL
8.3.1 HIGHER DEMAND IN FUTURE
TABLE 55 DIESEL MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 56 DIESEL MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 57 DIESEL MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 58 DIESEL MARKET, BY REGION, 2022–2027 (USD MILLION)
8.4 ELECTRIC
8.4.1 STRICT EMISSION NORMS AND HIGHER FUEL EFFICIENCY
TABLE 59 ELECTRIC MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 60 ELECTRIC MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 61 ELECTRIC MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 62 ELECTRIC MARKET, BY REGION, 2022–2027 (USD MILLION)
9 SUV MARKET, BY CLASS (ICE) (Page No. - 95)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS: MARKET, BY CLASS
FIGURE 30 MARKET, BY CLASS, 2022 VS. 2027 (USD MILLION)
TABLE 63 MARKET, BY CLASS, 2018–2021 (THOUSAND UNITS)
TABLE 64 MARKET, BY CLASS, 2022–2027 (THOUSAND UNITS)
TABLE 65 MARKET, BY CLASS, 2018–2021 (USD MILLION)
TABLE 66 MARKET, BY CLASS, 2022–2027 (USD MILLION)
9.2 CLASS B
9.2.1 HIGHEST DEMAND IN ASIA PACIFIC
TABLE 67 CLASS B MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 68 CLASS B MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 69 CLASS B MARKET, BY REGION, 2018–2021 (MILLION USD)
TABLE 70 CLASS B MARKET, BY REGION, 2022–2027 (MILLION USD)
9.3 CLASS C
9.3.1 INCREASING DEMAND FOR COMPACT SUVS
TABLE 71 CLASS C MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 72 CLASS C MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 73 CLASS C MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 74 CLASS C MARKET, BY REGION, 2022–2027 (USD MILLION)
9.4 CLASS D
9.4.1 IMPROVED CONVENIENCE WITH OFF-ROADING CAPABILITIES
TABLE 75 CLASS D MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 76 CLASS D MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 77 CLASS D MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 78 CLASS D MARKET, BY REGION, 2022–2027 (USD MILLION)
9.5 CLASS E
9.5.1 HIGHER DEMAND FOR FULL-SIZE SUVS WITH ADVANCED COMFORT FEATURES
TABLE 79 CLASS E MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 80 CLASS E MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 81 CLASS E MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 82 CLASS E MARKET, BY REGION, 2022–2027 (USD MILLION)
10 SUV MARKET, BY SEATING CAPACITY (ICE) (Page No. - 104)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS: MARKET, BY SEATING CAPACITY
FIGURE 31 MARKET, BY SEATING CAPACITY, 2022 VS. 2027 (USD MILLION)
TABLE 83 MARKET, BY SEATING CAPACITY, 2018–2021 (THOUSAND UNITS)
TABLE 84 MARKET, BY SEATING CAPACITY, 2022–2027 (THOUSAND UNITS)
TABLE 85 MARKET, BY SEATING CAPACITY, 2018–2021 (USD MILLION)
TABLE 86 MARKET, BY SEATING CAPACITY, 2022–2027 (USD MILLION)
10.2 5 SEATER
10.2.1 DEMAND FOR COMPACT SUVS IN DEVELOPING COUNTRIES
TABLE 87 5 SEATER MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 88 5 SEATER MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 89 5 SEATER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 90 5 SEATER MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 >5 SEATER
10.3.1 HIGH DEMAND AND INCLINATION FOR FULL-SIZE SUVS
TABLE 91 >5 SEATER MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 92 >5 SEATER MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 93 >5 SEATER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 94 >5 SEATER MARKET, BY REGION, 2022–2027 (USD MILLION)
11 ELECTRIC SUV MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 110)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS: ELECTRIC MARKET, BY EV TYPE
FIGURE 32 ELECTRIC SUV MARKET, BY EV TYPE, 2022 VS. 2027 (USD MILLION)
TABLE 95 ELECTRIC AND HYBRID MARKET, BY EV TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 96 ELECTRIC AND HYBRID MARKET, BY EV TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 97 ELECTRIC AND HYBRID MARKET, BY EV TYPE, 2018–2021 (USD MILLION)
TABLE 98 ELECTRIC AND HYBRID MARKET, BY EV TYPE, 2022–2027 (USD MILLION)
11.2 BEV
11.2.1 INCREASING DEVELOPMENT OF HIGH-RANGE BATTERIES AND FAST CHARGING INFRASTRUCTURE
TABLE 99 BEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 100 BEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 101 BEV MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 102 BEV MARKET, BY REGION, 2022–2027 (USD MILLION)
11.3 PHEV
11.3.1 TAX RELAXATION AND GOVERNMENT INCENTIVES
TABLE 103 PHEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 104 PHEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 105 PHEV MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 106 PHEV MARKET, BY REGION, 2022–2027 (USD MILLION)
11.4 FCEV
11.4.1 INCREASED INVESTMENT TO DEVELOP MODELS
TABLE 107 FCEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 108 FCEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 109 FCEV MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 110 FCEV MARKET, BY REGION, 2022–2027 (USD MILLION)
12 SUV MARKET, BY REGION (Page No. - 118)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS: MARKET, BY TYPE AND REGION
FIGURE 33 MARKET BY REGION, 2022 VS. 2027 (USD BILLION)
TABLE 111 MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 112 MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 113 MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 114 MARKET, BY REGION, 2022–2027 (USD MILLION)
12.2 ASIA PACIFIC
FIGURE 34 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 115 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
TABLE 116 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
TABLE 117 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 118 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.2.1 CHINA
12.2.1.1 High passenger vehicle demand
TABLE 119 CHINA: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 120 CHINA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 121 CHINA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 122 CHINA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.2.2 INDIA
12.2.2.1 Growth in demand for compact SUVs
TABLE 123 INDIA: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 124 INDIA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 125 INDIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 126 INDIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.2.3 JAPAN
12.2.3.1 Preference for advanced features with improved cabin comfort
TABLE 127 JAPAN: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 128 JAPAN: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 129 JAPAN: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 130 JAPAN: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.2.4 SOUTH KOREA
12.2.4.1 Increased demand for luxury cars
TABLE 131 SOUTH KOREA: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 132 SOUTH KOREA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 133 SOUTH KOREA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 134 SOUTH KOREA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.2.5 INDONESIA
12.2.5.1 High demand for MPVs for nuclear families
TABLE 135 INDONESIA: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 136 INDONESIA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 137 INDONESIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 138 INDONESIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.2.6 ASIA PACIFIC OTHERS
12.2.6.1 Developing countries with rising disposable income
TABLE 139 ASIA PACIFIC OTHERS: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 140 ASIA PACIFIC OTHERS: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 141 ASIA PACIFIC OTHERS: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 142 ASIA PACIFIC OTHERS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3 EUROPE
FIGURE 35 EUROPE: MARKET, 2022–2027 (USD MILLION)
TABLE 143 EUROPE: MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
TABLE 144 EUROPE: MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
TABLE 145 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 146 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 High demand for premium cars
TABLE 147 GERMANY: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 148 GERMANY: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 149 GERMANY: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 150 GERMANY: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.2 FRANCE
12.3.2.1 Increased demand for premium comfort features
TABLE 151 FRANCE: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 152 FRANCE: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 153 FRANCE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 154 FRANCE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.3 ITALY
12.3.3.1 Presence of premium vehicle manufacturers
TABLE 155 ITALY: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 156 ITALY: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 157 ITALY: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 158 ITALY: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.4 SPAIN
12.3.4.1 Increased production of passenger cars
TABLE 159 SPAIN: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 160 SPAIN: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 161 SPAIN: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 162 SPAIN: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.5 UK
12.3.5.1 Strict emission norms
TABLE 163 UK: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 164 UK: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 165 UK: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 166 UK: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.6 CZECH REPUBLIC
12.3.6.1 Growing passenger vehicle segment
TABLE 167 CZECH REPUBLIC: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 168 CZECH REPUBLIC: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 169 CZECH REPUBLIC: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 170 CZECH REPUBLIC: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.7 SLOVAKIA
12.3.7.1 Hub of major OEMs
TABLE 171 SLOVAKIA: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 172 SLOVAKIA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 173 SLOVAKIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 174 SLOVAKIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.8 RUSSIA
12.3.8.1 Increasing sales of passenger cars
TABLE 175 RUSSIA: SUV MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 176 RUSSIA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 177 RUSSIA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 178 RUSSIA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.3.9 EUROPE OTHERS
12.3.9.1 Robust growth in production capacities
TABLE 179 EUROPE OTHERS: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 180 EUROPE OTHERS: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 181 EUROPE OTHERS: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 182 EUROPE OTHERS: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.4 AMERICAS
FIGURE 36 AMERICAS: SUV MARKET SNAPSHOT
TABLE 183 AMERICAS: MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
TABLE 184 AMERICAS: MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
TABLE 185 AMERICAS: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 186 AMERICAS: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
12.4.1 US
12.4.1.1 High demand for powerful vehicles for off-roading
TABLE 187 US: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 188 US: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 189 US: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 190 US: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.4.2 CANADA
12.4.2.1 Favorable government policies and regulatory standards
TABLE 191 CANADA: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 192 CANADA: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 193 CANADA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 194 CANADA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.4.3 MEXICO
12.4.3.1 Domestic economic stability to drive market
TABLE 195 MEXICO: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 196 MEXICO: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 197 MEXICO: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 198 MEXICO: MARKET, BY TYPE, 2022–2027 (USD MILLION)
12.4.4 BRAZIL
12.4.4.1 Improving infrastructure and proximity to US to fuel market
TABLE 199 BRAZIL: MARKET, BY TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 200 BRAZIL: MARKET, BY TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 201 BRAZIL: MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 202 BRAZIL: MARKET, BY TYPE, 2022–2027 (USD MILLION)
13 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 159)
13.1 ASIA PACIFIC TO BE MAJOR MARKET FOR SUVS
13.2 ADAPTATION OF ELECTRIC SUVS AND INCREASED CONNECTED AND ADVANCED FEATURES TO BE KEY FOCUS AREAS FOR MANUFACTURERS
13.3 CONCLUSION
14 COMPETITIVE LANDSCAPE (Page No. - 161)
14.1 OVERVIEW
14.2 SUV MARKET SHARE ANALYSIS, 2021
TABLE 203 MARKET SHARE ANALYSIS FOR MARKET, 2021
FIGURE 37 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021
14.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
FIGURE 38 REVENUE ANALYSIS OF TOP FIVE PLAYERS
14.4 COMPETITIVE EVALUATION QUADRANT
14.4.1 TERMINOLOGY
14.4.2 STARS
14.4.3 EMERGING LEADERS
14.4.4 PERVASIVE COMPANIES
14.4.5 PARTICIPANTS
FIGURE 39 SUV MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021
TABLE 204 MARKET: COMPANY PRODUCT FOOTPRINT, 2021
TABLE 205 MARKET: COMPANY APPLICATION FOOTPRINT, 2021
TABLE 206 MARKET: COMPANY REGION FOOTPRINT, 2021
14.5 COMPETITIVE SCENARIO
14.5.1 NEW PRODUCT LAUNCHES
TABLE 207 PRODUCT LAUNCHES, 2018–2022
14.5.2 DEALS
TABLE 208 DEALS, 2018–2022
14.5.3 EXPANSIONS
TABLE 209 EXPANSIONS, 2018–2022
14.6 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2022
TABLE 210 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSION AS KEY GROWTH STRATEGIES, 2018–2022
14.7 COMPETITIVE BENCHMARKING
TABLE 211 SUV MARKET: DETAILED LIST OF KEY PLAYERS
15 COMPANY PROFILES (Page No. - 179)
(Business overview, Products offered, Recent developments & MnM View)*
15.1 KEY PLAYERS
15.1.1 TOYOTA MOTOR CORPORATION
TABLE 212 TOYOTA MOTOR CORPORATION: KEY BRANDS
TABLE 213 TOYOTA MOTOR CORPORATION: BUSINESS OVERVIEW
FIGURE 40 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 214 TOYOTA MOTOR CORPORATION: PRODUCT LAUNCHES
TABLE 215 TOYOTA MOTOR CORPORATION: DEALS
TABLE 216 TOYOTA MOTOR CORPORATION: EXPANSIONS
15.1.2 HONDA MOTOR CO., LTD.
TABLE 217 HONDA MOTOR CO., LTD.: KEY BRANDS
TABLE 218 HONDA MOTOR CO., LTD.: BUSINESS OVERVIEW
FIGURE 41 HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 219 HONDA MOTOR CO., LTD.: PRODUCT LAUNCHES
TABLE 220 HONDA MOTOR CO., LTD.: DEALS
TABLE 221 HONDA MOTOR CO., LTD.: EXPANSIONS
15.1.3 HYUNDAI MOTOR COMPANY
TABLE 222 HYUNDAI MOTOR COMPANY: KEY BRANDS
TABLE 223 HYUNDAI MOTOR COMPANY: BUSINESS OVERVIEW
FIGURE 42 HYUNDAI MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 224 HYUNDAI MOTOR COMPANY: PRODUCT LAUNCHES
TABLE 225 HYUNDAI MOTOR COMPANY: EXPANSIONS
15.1.4 GENERAL MOTORS
TABLE 226 GENERAL MOTORS: KEY BRANDS
TABLE 227 GENERAL MOTORS: BUSINESS OVERVIEW
FIGURE 43 GENERAL MOTORS: COMPANY SNAPSHOT
TABLE 228 GENERAL MOTORS: PRODUCT LAUNCHES
TABLE 229 GENERAL MOTORS: DEALS
TABLE 230 GENERAL MOTORS: EXPANSIONS
15.1.5 STELLANTIS N.V.
TABLE 231 STELLANTIS N.V.: KEY BRANDS
TABLE 232 STELLANTIS N.V.: BUSINESS OVERVIEW
FIGURE 44 STELLANTIS N.V.: COMPANY SNAPSHOT
TABLE 233 STELLANTIS N.V.: PRODUCT LAUNCHES
TABLE 234 STELLANTIS N.V.: DEALS
TABLE 235 STELLANTIS N.V.: EXPANSIONS
15.1.6 VOLKSWAGEN AG
TABLE 236 VOLKSWAGEN AG: KEY BRANDS
TABLE 237 VOLKSWAGEN AG: BUSINESS OVERVIEW
FIGURE 45 VOLKSWAGEN AG: COMPANY SNAPSHOT
TABLE 238 VOLKSWAGEN AG: PRODUCT LAUNCHES
TABLE 239 VOLKSWAGEN AG: DEALS
TABLE 240 VOLKSWAGEN AG: EXPANSIONS
15.1.7 FORD MOTOR COMPANY
TABLE 241 FORD MOTOR COMPANY: KEY BRANDS
TABLE 242 FORD MOTOR COMPANY: BUSINESS OVERVIEW
FIGURE 46 FORD MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 243 FORD MOTOR COMPANY: PRODUCT LAUNCHES
15.1.8 MERCEDES-BENZ
TABLE 244 MERCEDES-BENZ: KEY BRANDS
TABLE 245 MERCEDES-BENZ: BUSINESS OVERVIEW
FIGURE 47 MERCEDES-BENZ: COMPANY SNAPSHOT
TABLE 246 MERCEDES-BENZ: PRODUCT LAUNCHES
TABLE 247 MERCEDES-BENZ: DEALS
TABLE 248 MERCEDES-BENZ: EXPANSIONS
15.1.9 BMW GROUP
TABLE 249 BMW GROUP: KEY BRANDS
TABLE 250 BMW GROUP: BUSINESS OVERVIEW
FIGURE 48 BMW GROUP: COMPANY SNAPSHOT
TABLE 251 BMW GROUP: PRODUCT LAUNCHES
TABLE 252 BMW GROUP: DEALS
TABLE 253 BMW GROUP: EXPANSIONS
15.1.10 NISSAN MOTORS
TABLE 254 NISSAN MOTORS: BUSINESS OVERVIEW
FIGURE 49 NISSAN MOTORS: COMPANY SNAPSHOT
TABLE 255 NISSAN MOTORS: PRODUCT LAUNCHES
TABLE 256 NISSAN MOTORS: DEALS
TABLE 257 NISSAN MOTORS: EXPANSIONS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
15.2 ADDITIONAL PLAYERS
15.2.1 RENAULT GROUP
TABLE 258 RENAULT GROUP: COMPANY OVERVIEW
15.2.2 SUZUKI MOTOR CORPORATION
TABLE 259 SUZUKI MOTOR CORPORATION: COMPANY OVERVIEW
15.2.3 SUBARU
TABLE 260 SUBARU: COMPANY OVERVIEW
15.2.4 TATA MOTORS
TABLE 261 TATA MOTORS: COMPANY OVERVIEW
15.2.5 MITSUBISHI MOTORS
TABLE 262 MITSUBISHI MOTORS: COMPANY OVERVIEW
15.2.6 MAHINDRA & MAHINDRA LIMITED
TABLE 263 MAHINDRA & MAHINDRA LIMITED: COMPANY OVERVIEW
15.2.7 VOLVO CAR CORPORATION
TABLE 264 VOLVO CAR CORPORATION: COMPANY OVERVIEW
15.2.8 TESLA, INC.
TABLE 265 TESLA, INC.: COMPANY OVERVIEW
15.2.9 MAZDA MOTOR CORPORATION
TABLE 266 MAZDA MOTOR CORPORATION: COMPANY OVERVIEW
15.2.10 BYD COMPANY LTD.
TABLE 267 BYD COMPANY LTD.: COMPANY OVERVIEW
15.2.11 ISUZU MOTORS LIMITED
TABLE 268 ISUZU MOTORS LIMITED: COMPANY OVERVIEW
16 APPENDIX (Page No. - 242)
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.4.1 SUV MARKET, BY CLASS AND COUNTRY
16.4.1.1 B Segment
16.4.1.2 C Segment
16.4.1.3 D Segment
16.4.1.4 E Segment
16.4.2 ELECTRIC AND HYBRID SUV MARKET, BY REGION AND COUNTRY
16.4.2.1 Asia Pacific
16.4.2.1.1 China
16.4.2.1.2 India
16.4.2.1.3 Japan
16.4.2.1.4 South Korea
16.4.2.2 Europe
16.4.2.2.1 Germany
16.4.2.2.2 France
16.4.2.2.3 UK
16.4.2.2.4 Sweden
16.4.2.2.5 Norway
16.4.2.2.6 Netherlands
16.4.2.3 North America
16.4.2.3.1 US
16.4.2.3.2 Canada
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
The study involves four main activities to estimate the current size of the SUV market. Exhaustive secondary research was done to collect information on the market, such as type and propulsion types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up and Top-down approach was employed to estimate the complete market size for different segments considered under this study. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to in this research study include international SUV manufacturer organizations and published articles; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the SUV market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (SUV Manufactuers and dealer & distributors) across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in our report.
After interacting with industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The size of the SUV market, in terms of volume, based on type is derived through bottom-up approach by estimating the country-level production (in units) of passenger cars. The next step is to identify the country-level penetration share of of SUV production, by type (mini, compact, mi-size, full-size and MPV/MUV) has been derived through secondary sources and validated through primary interviews. At the country level, the penetration of each SUV type is multiplied by the total SUV production numbers to estimate the volume of the SUV market by type (ICE).
The average selling price of each SUV type is derived at the country level from OEM websites. It is then multiplied with the volume of the country-level SUV market by type to derive the country-level market in terms of value. The summation of country-level markets provides the regional-level SUV market, by type in terms of volume and value. A similar approach has been followed to estimate the SUV market by class, by seating capacity and by propulsion type.
SUV Market size: Bottom-up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Report Objectives
-
To define, describe, and forecast the SUV market in terms of value (USD million) and volume (thousand units), based on the following segments:
- By Type (ICE) (Mini SUV, compact, mid-szie, full-size, and MPV/MUV)
- By Seating Capacity (5-seater, and >5-seater)
- By Propulsion (ICE) (Diesel, Gasoline, and Electric)
- By Class type (ICE) (class B, class C, class D, and Class E)
- By EV Type (Electric & Hybrid Vehicle) (BEV, PHEV, and FCEV)
- Sales (historic), By type (Compact, mid-size and full-size)
- By Region (Asia Pacific, Europe, and Americas)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the SUV market
- To analyze the market ranking and market share of key players operating in the SUV market
- To understand the dynamics of the SUV market competitors and distinguish them into visionary leaders, innovators, emerging companies, and dynamic differentiators according to their product portfolio strength and business strategies
- To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry players in the SUV market.
- To conduct case study analysis, Porter’s five forces analysis, technology analysis, patent analysis, average premium analysis, and revenue analysis of top 5 players
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
SUV Market, By Class & Country
- B segment
- C segment
- D segment
- E segment
Note: Asia Pacific (China, India, Japan, and South Korea), Americas (US, Canada, Mexico, and Brazil), Europe (Germany, France, Italy, Czech Republic, Slovakia, Spain, Russia, UK)
Electric & Hybrid SUV Market, By Region & Country
-
Asia Pacific
- China
- India
- Japan
- South Korea
-
Europe
- Germany
- France
- Italy
- Norway
- Spain
- Sweden
- UK
-
North America
- US
- Canada
Generating Response ...
Growth opportunities and latent adjacency in SUV Market