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(India.CityRegions.Com, August 23, 2018 ) Global Luxury Vehicles Market Forecast to 2023
Luxury vehicles is the vehicle of luxury brands, like Mercedes-Bens, Audi, BMW, Volvo, Lexus and so on. This report focuses on the Luxury Vehicles in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Companies Profiled in this report includes: Mercedes Benz, BMW, Audi, Lexus, Volvo, Land Rover, MINI,Cadillac, Porsche, Infiniti, Acura, Jaguar, Smart, Lincoln, Tesla, Maserati, Bentley, Ferrari, Rolls-Royce, Lamborghini, McLaren, Aston Martin
The three German players BMW, Audi and Mercedes-Benz account for approximately 70% share of the global luxury car market. Mercedes-Benz is the global leader in the luxury car segment, followed by BMW and Audi. World over while mass automobile manufacturers are struggling with margins, high end manufacturers are enjoying steadily increasing sales.
In the United States luxury car market, over the past few years, it is the crossovers and SUVs, which have been experiencing growth in sales. In 2016, the two leading players in the market, Mercedes-Benz and Lexus did not see any of its non-SUV models experience growth in sales. Demand for luxury cars in Europe had been at a low for nearly two decades and started recovering gradually from 2014. Even though challenging economic conditions still prevail in many European markets, players such as BMW have been able to maintain volumes of their higher end models. In 2017, the luxury car segment in China is seeing strong growth. The millionaires in China increased by 10% in 2016 year-on-year. Despite the government's austerity drive, sales of super-luxury and supercar sales have not slowed down in China.
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In terms of vehicle type, SUVs contributed most in the growth of global luxury vehicle market, with average growth rate of 14% during last five year. Super sport car, usually cost for over $150 thousand, also will witness the very high fast growth rate in the next 6 year, even though, only occupy less than 1% market share in 2016.
The worldwide market for Luxury Vehicles is expected to grow at a CAGR of roughly 6.3% over the next five years, will reach 611300 million US$ in 2023, from 423000 million US$ in 2017.
Table of Content:
1 Market Overview
2 Manufacturers Profiles
2.1 Mercedes Benz
2.1.1 Business Overview
2.1.1.1 Mercedes Benz Description
2.1.1.2 Mercedes Benz Headquarter, Main Business and Finance Overview
2.1.2 Mercedes Benz Luxury Vehicles Product Introduction
2.1.2.1 Luxury Vehicles Production Bases, Sales Regions and Major Competitors
2.1.2.2 Luxury Vehicles Product Information
2.1.3 Mercedes Benz Luxury Vehicles Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.1.3.1 Mercedes Benz Luxury Vehicles Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.1.3.2 Global Mercedes Benz Luxury Vehicles Market Share in 2017
2.2 BMW
2.2.1 Business Overview
2.2.1.1 BMW Description
2.2.1.2 BMW Headquarter, Main Business and Finance Overview
2.2.2 BMW Luxury Vehicles Product Introduction
2.2.2.1 Luxury Vehicles Production Bases, Sales Regions and Major Competitors
2.2.2.2 Luxury Vehicles Product Information
2.2.3 BMW Luxury Vehicles Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.2.3.1 BMW Luxury Vehicles Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.2.3.2 Global BMW Luxury Vehicles Market Share in 2017
2.3 Audi
2.3.1 Business Overview
2.3.1.1 Audi Description
2.3.1.2 Audi Headquarter, Main Business and Finance Overview
2.3.2 Audi Luxury Vehicles Product Introduction
2.3.2.1 Luxury Vehicles Production Bases, Sales Regions and Major Competitors
2.3.2.2 Luxury Vehicles Product Information
2.3.3 Audi Luxury Vehicles Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.3.3.1 Audi Luxury Vehicles Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
2.3.3.2 Global Audi Luxury Vehicles Market Share in 2017
3 Global Luxury Vehicles Market Competition, by Manufacturer
4 Global Luxury Vehicles Market Analysis by Regions
5 North America Luxury Vehicles by Countries, Type, Application and Manufacturers
6 Europe Luxury Vehicles by Countries, Type, Application and Manufacturers
7 Asia-Pacific Luxury Vehicles by Countries, Type, Application and Manufacturers
8 South America Luxury Vehicles by Countries, Type, Application and Manufacturers
9 Middle East and Africa Luxury Vehicles by Countries, Type, Application and Manufacturers
10 Global Luxury Vehicles Market Segment by Type
11 Global Luxury Vehicles Market Segment by Application
12 Luxury Vehicles Market Forecast (2018-2023)
13 Sales Channel, Distributors, Traders and Dealers
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