Market Overview:
The global luxury electric vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury electric vehicles from private and commercial applications. Additionally, the growing awareness about the benefits of using luxury electric vehicles is also contributing to the growth of this market. Some of the major players operating in this market are Tesla, BMW, Audi, and Mercedes-Benz.
Product Definition:
A luxury electric vehicle is a battery-powered car that has been designed for comfort and high performance. These cars typically have a higher price tag than traditional gasoline-powered vehicles, but offer features such as leather seats, heated steering wheels and climate control systems that make them more comfortable to drive. Luxury electric vehicles are important because they represent the future of transportation. With increasing concerns about climate change and air pollution, many people are looking for alternatives to traditional gas-powered cars. Luxury electric vehicles offer a cleaner, more sustainable option for those who can afford it.
SUV:
Suburban is a vehicle that is designed for the transportation of more than five people in comfort and style. It has an interior space greater than 35 feet and less than 50 feet, generally used for the transportation of passengers from one place to another. The term “SUV” originally stood for Sports Utility Vehicle, which was later shortened to just SUV.
The global market size was valued at USD 85 billion in 2016.
Sportcar:
The Sportcar is a high performance, lightweight automobile that is designed primarily for racing and secondarily for comfort and aesthetic purposes. The design of the vehicle focuses on aerodynamics and power to weight ratio. The sportcars are manufactured with an emphasis on safety, driver comfort, handling characteristics & performance as well as durability & reliability which results in cost efficiency over other sports cars available in the market.
Application Insights:
The commercial segment held the largest share of over 70.0% in 2017. The segment includes public transport buses, taxicabs, light-duty trucks and others such as delivery vans and premium sedans for hire or lease. Increasing government initiatives to promote the use of electric vehicles in this application is expected to drive the demand over the forecast period. For instance, Paris has announced plans to ban diesel cars from 2020 in order to encourage consumers towards purchasing electric vehicles instead which will result into increased demand for luxury EVs among other passenger cars atleast during peak hours within Paris city limits.
The private segment is expected register a CAGR of XX% from 2018 to 2030 owing majorlyto increasing sales by Tesla Inc.
Regional Analysis:
Asia Pacific dominated the global luxury electric vehicle market in 2017 and is expected to continue its dominance over the next eight years. The region has been witnessing increasing demand for premium cars with high horsepower since past few years. China, Japan, South Korea, India and other countries have been manufacturing premium cars with high horsepower for domestic consumption as well as export across the globe. This factor is anticipated to provide a boost to regional growth over the forecast period.
Europe accounted for a significant share of global revenue in 2017 owing to rapid expansion of Tesla retail network across Germany, Switzerland and Belgium along with several upcoming projects in Netherlands and France.
Growth Factors:
- Increasing disposable income of the consumers
- Rising awareness about the benefits of electric vehicles
- Government initiatives and subsidies for electric vehicles
- Technological advancements in luxury electric vehicle segment 5. Growing demand from fleet operators
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Electric Vehicle Market Research Report
By Type
SUV, Sportcar
By Application
Private, Commercial
By Companies
Aston Martin, Porsche, Tesla, Mercedes-Benz, BMW, Audi, Jaguar, NIO
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Electric Vehicle Market Report Segments:
The global Luxury Electric Vehicle market is segmented on the basis of:
Types
SUV, Sportcar
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
Private, Commercial
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:
- Aston Martin
- Porsche
- Tesla
- Mercedes-Benz
- BMW
- Audi
- Jaguar
- NIO
Highlights of The Luxury Electric Vehicle 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:
- SUV
- Sportcar
- By Application:
- Private
- Commercial
- 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 Luxury Electric Vehicle 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?
A luxury electric vehicle is a type of electric car that typically has a higher price tag than other types of electric cars. Luxury electric vehicles may have features such as leather seats, air conditioning, and sound systems that are not found in other types of electric cars.
Some of the major players in the luxury electric vehicle market are Aston Martin, Porsche, Tesla, Mercedes-Benz, BMW, Audi, Jaguar, NIO.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Electric Vehicle 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 Luxury Electric Vehicle Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Luxury Electric Vehicle 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 Luxury Electric Vehicle 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 Luxury Electric Vehicle Market Size & Forecast, 2020-2028 4.5.1 Luxury Electric Vehicle Market Size and Y-o-Y Growth 4.5.2 Luxury Electric Vehicle 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 SUV
5.2.2 Sportcar
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 Private
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Electric Vehicle 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 Luxury Electric Vehicle 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 SUV
9.6.2 Sportcar
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 Private
9.10.2 Commercial
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 SUV
10.6.2 Sportcar
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 Private
10.10.2 Commercial
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 SUV
11.6.2 Sportcar
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 Private
11.10.2 Commercial
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 SUV
12.6.2 Sportcar
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 Private
12.10.2 Commercial
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 SUV
13.6.2 Sportcar
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 Private
13.10.2 Commercial
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 Luxury Electric Vehicle Market: Competitive Dashboard
14.2 Global Luxury Electric Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aston Martin
14.3.2 Porsche
14.3.3 Tesla
14.3.4 Mercedes-Benz
14.3.5 BMW
14.3.6 Audi
14.3.7 Jaguar
14.3.8 NIO