According to a market report by Lucintel, the future of the global luxury car market looks promising with opportunities in the internal combustion engine and electric markets. The global luxury car market is expected to reach an estimated $24.9 billion by 2030 from $14.3 billion in 2024, at a CAGR of 9.7% from 2024 to 2030. The major drivers for this market are growing number of extremely wealthy people and rising disposable income, increasing desire for excellent driving experiences and premium automobiles, along with the manufacturing of electric luxury vehicles and the expanding use of autonomous driving technologies.
A more than 150-page report to understand trends, opportunity and forecast in luxury car market to 2030 by type (hatchback, sedan, and sports utility), propulsion type (internal combustion engine and electric), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, sports utility will remain the largest segment over the forecast period due to increased consumer preference for sport utility vehicles owing to a number of elements, including practicality, perceived safety, style, and convenience.
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In terms of regions, Europe will remain the largest region over the forecast period due to developed auto industry, existence of multiple automakers, as well as, innovative automotive manufacturing sector and advantageous governmental regulations.
Mercedes-Benz, Audi, BMW, Lexus, Porsche, Jaguar Land Rover, Cadillac, Maserati, Volvo, Genesis are the major suppliers in the luxury car market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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