Market Overview:
The global entry-level luxury car market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for luxury cars from the middle class population in developing countries. In terms of type, the electric car segment is expected to account for a major share of the global entry-level luxury car market during the forecast period. This can be attributed to factors such as environment-friendly nature and low running costs of electric cars as compared with petrol cars. In terms of application, transportation is expected to hold a dominant position in the global entry-level luxury car market during 2018–2030. This can be attributed to rising disposable income levels and growing urbanization across emerging economies which are fuelling demand for luxurious transportation facilities. Regionally, North America is anticipated to lead the global entry-level luxury car market during 2018–2030 owing high penetration rateof premium vehicles.
Product Definition:
An entry-level luxury car is a vehicle that has many features of a higher-priced model but is priced lower than more expensive models. These cars are typically aimed at buyers who are new to the luxury car market and want to experience the features and benefits of owning a luxury car without spending too much money.
Electric Car:
Electric cars are vehicles that run on electricity. They comprise of no internal combustion engine and they do not emit any type of pollutants into the atmosphere. These types of vehicles have higher efficiency as compared to conventional cars which reduces the amount of energy required to move them from Point A to Point B, thereby reducing fuel consumption and emission levels.
Petrol Car:
Petrol car is a motor vehicle that runs on petrol or diesel and has four wheels. It is also known as the gasoline-powered automobile or gas car. The petrol car market includes vehicles such as roadsters, convertibles, sedans, SUVs (Sports Utility Vehicle), and hatchbacks. They are generally designed for private use but can be used by individuals and families for transportation purposes.
Application Insights:
The application segment is segregated into communication, transportation and others. The communication segment dominated the overall market in 2017 with a share of over 60%. This can be attributed to the rising use of entry-level luxury cars by socialites and business tycoons for personal travel. Moreover, these vehicles are also used by individuals who have just retired from jobs as they provide an economical mode of transport to them.
The transportation segment is expected to grow at a significant rate over the forecast period owing to increasing demand for electric vehicles across various regions including North America and Europe. Electric cars provide comfort along with ease of driving experience as compared to their combustion engine counterparts which has resulted in higher sales across various markets globally.
Regional Analysis:
North America dominated the global entry-level luxury car market in 2017. The U.S., being one of the most developed countries, has a large number of high net worth individuals (HNWIs) with greater disposable income to spend on premium cars and this is expected to have a positive impact on the regional market growth over the forecast period.
Asia Pacific is projected to be one of the fastest growing regions owing to increasing disposable income levels and rising popularity for electric vehicles across emerging economies such as China, India, Indonesia among others. Furthermore, supportive government policies aimed at promoting new investments are anticipated to boost automotive industry growth in APAC which will subsequently drive demand for entry-level luxury cars over next eight years.
Growth Factors:
- Increasing disposable income of the population: The entry-level luxury car market is expected to grow as the disposable income of the population increases. This is because people would want to upgrade their lifestyle and purchase luxury cars that offer better features and comfort.
- Rising demand for personal transport: The number of cars on the road has been increasing rapidly in recent years, due to rising demand for personal transport. This has led to increased congestion and pollution, which in turn is driving demand for more efficient and environmentally friendly vehicles such as electric cars. The entry-level luxury car market is expected to benefit from this trend as consumers shift towards more expensive but fuel-efficient models.
- Urbanisation: As more people move into cities, there is an increasing need for personal transportation options within tight urban spaces. Luxury small cars that are easy to park and manoeuvre are becoming increasingly popular among city dwellers, fuelling growth in the entry-level luxury car market segment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Entry-level Luxury Car Market Research Report
By Type
Electric Car, Petrol Car
By Application
Communication, Transportation
By Companies
Hyundai Genesis, Alfa Romeo Giulia, Mercedes, Audi, Kia, Volvo S, Volkswagen Arteon, BMW, Tesla Model 3, Jaguar XE, Infiniti Q, Lexus IS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Entry-level Luxury Car Market Report Segments:
The global Entry-level Luxury Car market is segmented on the basis of:
Types
Electric Car, Petrol Car
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Communication, Transportation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hyundai Genesis
- Alfa Romeo Giulia
- Mercedes
- Audi
- Kia
- Volvo S
- Volkswagen Arteon
- BMW
- Tesla Model 3
- Jaguar XE
- Infiniti Q
- Lexus IS
Highlights of The Entry-level Luxury Car Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Car
- Petrol Car
- By Application:
- Communication
- Transportation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Entry-level Luxury Car Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Entry-level luxury cars are typically those that fall below the $50,000 price point. They may have features and amenities that are not found in more expensive models, but they still offer a level of comfort and convenience that is attractive to many consumers. Entry-level luxury cars may include models from well-known automakers such as Audi, BMW, Cadillac or Lexus.
Some of the major players in the entry-level luxury car market are Hyundai Genesis, Alfa Romeo Giulia, Mercedes, Audi, Kia, Volvo S, Volkswagen Arteon, BMW, Tesla Model 3, Jaguar XE, Infiniti Q, Lexus IS.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Entry-level Luxury Car Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Entry-level Luxury Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Entry-level Luxury Car Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Entry-level Luxury Car Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Entry-level Luxury Car Market Size & Forecast, 2020-2028
4.5.1 Entry-level Luxury Car Market Size and Y-o-Y Growth
4.5.2 Entry-level Luxury Car Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Car
5.2.2 Petrol Car
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Communication
6.2.2 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Entry-level Luxury Car Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Entry-level Luxury Car Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Car
9.6.2 Petrol Car
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Communication
9.10.2 Transportation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Car
10.6.2 Petrol Car
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Communication
10.10.2 Transportation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Car
11.6.2 Petrol Car
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Communication
11.10.2 Transportation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Car
12.6.2 Petrol Car
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Communication
12.10.2 Transportation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Car
13.6.2 Petrol Car
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Communication
13.10.2 Transportation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Entry-level Luxury Car Market: Competitive Dashboard
14.2 Global Entry-level Luxury Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hyundai Genesis
14.3.2 Alfa Romeo Giulia
14.3.3 Mercedes
14.3.4 Audi
14.3.5 Kia
14.3.6 Volvo S
14.3.7 Volkswagen Arteon
14.3.8 BMW
14.3.9 Tesla Model 3
14.3.10 Jaguar XE
14.3.11 Infiniti Q
14.3.12 Lexus IS
