Market Overview:
The global sports utility vehicles (SUVs) 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% during the forecast period. The global SUV market is segmented on the basis of type, application and region. On the basis of type, the small SUV segment is expected to account for a major share of the global SUV market in 2018. This can be attributed to factors such as rising demand for small SUVs due to their fuel efficiency and easy maneuverability in congested areas, among others. However, with increasing demand for luxury SUVs from high-income consumers across regions, the large SUV segment is expected to register highest growth rate during the forecast period.
 Industry Outlook.svg)
Product Definition:
A Sports Utility Vehicle (SUV) is a vehicle classified as such because it has the size and capabilities of a 4x4 utility truck but with the comfort, style and fuel economy of a car.
They are often used by families for taking children to school or sports practices, or for weekend getaways. They can handle rough terrain but also have amenities like air conditioning, sound systems and plush interiors.
Small SUV:
Small SUV is a vehicle with an interior capacity of up to 5 passengers and adequate space for the luggage. It has three or four wheel drive, high performance tires, and is built for off-road conditions. The global small SUV market size was valued at USD 59.5 billion in 2016 and it is expected to grow at a CAGR of XX% from 2017 to 2025.
Medium SUV:
The global medium SUV and it's usage in the sports utility vehicles market is expected to witness significant growth over the forecast period. The growing demand for high-end features such as safety, comfort, and connectivity in mid-sized premium cars is projected to drive the growth of this segment. Additionally, increasing disposable income levels coupled with changing consumer lifestyle preferences are anticipated to further fuel product demand over the next few years.
Application Insights:
The passenger car segment held the largest share of over 70.0% in 2017. The rising importance of passenger cars in the global transportation network owing to growing demand for automobiles among consumers is expected to remain a prominent trend over the forecast period. The commercial vehicle segment is also anticipated to witness significant growth during the same period owing to increasing demand from various industries such as mining, construction and agriculture among others.
The Asia Pacific region accounted for a major share in 2017 and is projected to continue its dominance throughout the forecast years due largely on increased production capacities across several automotive manufacturers including Toyota Motor Corporation, Honda Motor Co., Ltd., Nissan Motors Ltd., BMW AG, Mercedes-Benz India Pvt. Ltd.
Regional Analysis:
The North American region dominated the global sports utility vehicles (SUVs) market in 2017. The growing popularity of off-roaders and their increasing application in commercial activities are some of the major factors responsible for this dominance. Furthermore, rising consumer disposable income levels and high purchasing power are expected to further augment the growth prospects of this industry over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rapid urbanization and industrialization across several Asian countries such as China, India, Indonesia, Malaysia, Thailand among others. In addition these nations have been hosting a number of international sporting events which has led to an increase in demand for large vehicles with superior performance characteristics suitable for long journeys at great speeds thus favoring product sales within this region.
Growth Factors:
- Increasing demand for SUVs from emerging markets: The SUV market is growing rapidly in emerging markets such as China, India, and Brazil due to the increasing disposable income of consumers and the growing popularity of SUVs as a lifestyle product.
- Rising fuel prices: The high cost of gasoline has led to an increase in the demand for fuel-efficient SUVs.
- New model launches: Automakers are launching new models of SUVs with improved features and design to attract more consumers.
- Growing popularity of crossovers: Crossover vehicles, which are a combination of cars and SUVs, are becoming increasingly popular among consumers due to their versatility and fuel efficiency. This is contributing to the growth of the SUV market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sports Utility Vehicles (SUVs) Market Research Report
By Type
Small SUV, Medium SUV, Large SUV
By Application
Passenger Car, Commercial Vehicle
By Companies
Ford, GM, Daimler, Toyota, Volkswagen, Honda Motor, Nissan Motor, Ford
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Sports Utility Vehicles (SUVs) Market Report Segments:
The global Sports Utility Vehicles (SUVs) market is segmented on the basis of:
Types
Small SUV, Medium SUV, Large SUV
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
Passenger Car, Commercial Vehicle
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:
- Ford
- GM
- Daimler
- Toyota
- Volkswagen
- Honda Motor
- Nissan Motor
- Ford
 Market Overview.svg)
Highlights of The Sports Utility Vehicles (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:
- Small SUV
- Medium SUV
- Large SUV
- By Application:
- Passenger Car
- Commercial Vehicle
- 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 Sports Utility Vehicles (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
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Sports utility vehicles are large, four-wheel drive vehicles that are designed for off-road use. They typically have a high roof and extended wheelbase to provide more room inside, as well as extra ground clearance.
Some of the major players in the sports utility vehicles (suvs) market are Ford, GM, Daimler, Toyota, Volkswagen, Honda Motor, Nissan Motor, Ford.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sports Utility Vehicles (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 Sports Utility Vehicles (SUVs) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sports Utility Vehicles (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 Sports Utility Vehicles (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 Sports Utility Vehicles (SUVs) Market Size & Forecast, 2020-2028
4.5.1 Sports Utility Vehicles (SUVs) Market Size and Y-o-Y Growth
4.5.2 Sports Utility Vehicles (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 Small SUV
5.2.2 Medium SUV
5.2.3 Large SUV
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 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sports Utility Vehicles (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 Sports Utility Vehicles (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 Small SUV
9.6.2 Medium SUV
9.6.3 Large SUV
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 Passenger Car
9.10.2 Commercial Vehicle
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 Small SUV
10.6.2 Medium SUV
10.6.3 Large SUV
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 Passenger Car
10.10.2 Commercial Vehicle
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 Small SUV
11.6.2 Medium SUV
11.6.3 Large SUV
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 Passenger Car
11.10.2 Commercial Vehicle
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 Small SUV
12.6.2 Medium SUV
12.6.3 Large SUV
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 Passenger Car
12.10.2 Commercial Vehicle
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 Small SUV
13.6.2 Medium SUV
13.6.3 Large SUV
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 Passenger Car
13.10.2 Commercial Vehicle
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 Sports Utility Vehicles (SUVs) Market: Competitive Dashboard
14.2 Global Sports Utility Vehicles (SUVs) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ford
14.3.2 GM
14.3.3 Daimler
14.3.4 Toyota
14.3.5 Volkswagen
14.3.6 Honda Motor
14.3.7 Nissan Motor
14.3.8 Ford
