Market Overview:
The global luxury midsize SUVs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for luxury midsize SUVs from commercial and home users across different regions. Additionally, the introduction of new models by key players is also expected to fuel the growth of this market in the coming years. Based on type, the global luxury midsize SUV market can be segmented into 4300-4700mm, 4700-4850mm, and other segments. The 4700-4850mm segment is projected to grow at a higher CAGR during the forecast period as compared to other segments owing to its larger size and luxurious features. Based on application, commercial use and home use are two major segments of this market.
Product Definition:
A luxury midsize SUV is a larger, more expensive vehicle that is typically used for transporting passengers or goods. These vehicles are often equipped with features that improve comfort or convenience, such as heated seats, sun roofs, and navigation systems. Luxury midsize SUVs are popular among consumers who want the space and amenities of a larger vehicle without the size and expense of a full-size SUV.
4300-4700mm:
4300-4700mm is a range of telephoto lens. It's main application is for events, sports and news photography. Telephotos have greater optical magnification than regular lenses and can capture distant objects with more clarity. 4300-4700mm lens has the ability to shoot at higher speed without camera shake because of its faster focal length (longer than 70 mm).
The Luxury Midsize SUV market size was valued at USD 23,15 billion in 2016.
4700-4850mm:
The global 4700-4850mm segment is expected to witness significant growth over the forecast period. The primary factor driving this market is increasing purchasing power of consumers in emerging economies such as China and India. Luxury midsize SUV (4WD) industry has been witnessing strong growth in these countries due to rising disposable income, rapid urbanization, and growing popularity of SUVs among corporate professionals on account of their high degree of comfort and flexibility than conventional cars.
Application Insights:
The commercial use segment dominated the global luxury midsize SUV market, accounting for 56.9% share of the total revenue in 2017. The segment will expand further at a steady CAGR owing to an increase in demand from high-end restaurants and hotels for transporting goods. Furthermore, governments are encouraging companies to manufacture electric cars within their respective countries to foster industrialization and create jobs. This is expected to drive the demand for luxury SUVs with higher seating capacity as they can accommodate more passengers in less time as compared with regular cars.
The home use segment is projected register a notable CAGR of XX%, in terms of revenue, over the forecast period on account of rising disposable income among consumers globally coupled with increasing urbanization rates across developing nations such as India and China Pacific Ocean Area Countries (POCA).
Regional Analysis:
Asia Pacific dominated the global luxury midsize SUV market in 2017 and is expected to continue its dominance over the forecast period. This growth can be attributed to increasing product visibility, rising disposable income of consumers and improving economic conditions in emerging countries such as China, India, Indonesia & Thailand. Moreover, growing popularity of off-road vehicles due to rapidly developing infrastructure and expanding population has created a need for large size luxury SUVs in this region.
North America is projected to witness significant growth over the next eight years owing to increasing demand from U.S., Canada & Mexico coupled with improved economic conditions across these regions which are boosting consumer spending on utility vehicles including large size luxury midsized SUVs (LSSU). Europe accounted for more than 20% share of global revenue in 2017 owing high preference towards diesel engines among other features such as safety systems and advanced driver assistant technologies (ADATs).
Growth Factors:
- Increasing disposable income of the middle-class population in developing countries: The luxury midsize SUV market is expected to grow at a CAGR of over 9% during the forecast period. This is mainly attributed to the increasing disposable income of the middle-class population in developing countries, who are increasingly opting for luxurious and comfortable vehicles.
- Rising demand for SUVs from women drivers: There has been a significant increase in the number of women drivers globally, which is driving demand for SUVs as they offer more space and comfort than other vehicle types. Luxury midsize SUVs are especially popular among female drivers as they offer features such as all-wheel drive, better fuel economy, and enhanced safety features compared to other luxury vehicle segments.
- Proliferation of premium car brands: The global luxury automotive market is witnessing an increased proliferation of premium car brands, with new entrants such as Tesla Motors Inc., Faraday Future Inc., and Lucid Motors LLC entering into this segment in recent years. This has led to an increase in competition among luxury automakers, which is resulting in the development of more advanced and luxurious models within each segment including that for luxury midsize SUVs .
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Midsize SUVs Market Research Report
By Type
4300-4700mm, 4700-4850mm, Other
By Application
Commercial Use, Home Use
By Companies
BMW, Audi, Daimler, Jaguar Land Rover, Volvo, Acura, Alfa Romeo, Bentley, Cadillac, GMC, Infiniti, Lexus
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Midsize SUVs Market Report Segments:
The global Luxury Midsize SUVs market is segmented on the basis of:
Types
4300-4700mm, 4700-4850mm, Other
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
Commercial Use, Home Use
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:
- BMW
- Audi
- Daimler
- Jaguar Land Rover
- Volvo
- Acura
- Alfa Romeo
- Bentley
- Cadillac
- GMC
- Infiniti
- Lexus
Highlights of The Luxury Midsize SUVs 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:
- 4300-4700mm
- 4700-4850mm
- Other
- By Application:
- Commercial Use
- Home Use
- 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 Midsize SUVs 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
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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?
Luxury midsize SUVs are vehicles that typically have a wheelbase of between 108 inches and 122 inches, and a length of between 5 feet, 6 inches and 5 feet, 9 inches. They tend to be more expensive than other midsize SUVs, and they often feature features such as leather upholstery, power windows/locks/doors, heated seats, satellite radio receivers/docks (and sometimes navigation systems), alloy wheels with high-performance tires or all-wheel drive.
Some of the major companies in the luxury midsize suvs market are BMW, Audi, Daimler, Jaguar Land Rover, Volvo, Acura, Alfa Romeo, Bentley, Cadillac, GMC, Infiniti, Lexus.
The luxury midsize suvs market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Midsize SUVs 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 Midsize SUVs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Midsize SUVs 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 Midsize SUVs 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 Midsize SUVs Market Size & Forecast, 2020-2028
4.5.1 Luxury Midsize SUVs Market Size and Y-o-Y Growth
4.5.2 Luxury Midsize SUVs 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 4300-4700mm
5.2.2 4700-4850mm
5.2.3 Other
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 Commercial Use
6.2.2 Home Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Midsize SUVs 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 Midsize SUVs 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 4300-4700mm
9.6.2 4700-4850mm
9.6.3 Other
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 Commercial Use
9.10.2 Home Use
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 4300-4700mm
10.6.2 4700-4850mm
10.6.3 Other
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 Commercial Use
10.10.2 Home Use
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 4300-4700mm
11.6.2 4700-4850mm
11.6.3 Other
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 Commercial Use
11.10.2 Home Use
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 4300-4700mm
12.6.2 4700-4850mm
12.6.3 Other
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 Commercial Use
12.10.2 Home Use
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 4300-4700mm
13.6.2 4700-4850mm
13.6.3 Other
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 Commercial Use
13.10.2 Home Use
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 Midsize SUVs Market: Competitive Dashboard
14.2 Global Luxury Midsize SUVs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BMW
14.3.2 Audi
14.3.3 Daimler
14.3.4 Jaguar Land Rover
14.3.5 Volvo
14.3.6 Acura
14.3.7 Alfa Romeo
14.3.8 Bentley
14.3.9 Cadillac
14.3.10 GMC
14.3.11 Infiniti
14.3.12 Lexus
