Market Overview:
The global SUV market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for SUVs in developing countries, rising disposable income, and changing consumer preferences. In terms of type, the diesel segment is expected to dominate the global SUV market during the forecast period. However, petrol-powered SUVs are also witnessing high demand due to their fuel efficiency and low emissions levels as compared with diesel-powered SUVs. By application, recreation is expected to be one of the fastest-growing segments during the forecast period owing to increased spending on leisure activities by consumers across regions.
Product Definition:
Sport Utility Vehicle. A larger, heavier vehicle that is designed to be able to handle off-road driving. They are often used by families and those who need a larger vehicle for their needs.
Diesel:
Diesel is a fossil fuel-based fuel that is primarily used in heavy trucks and buses. It has high energy content compared to gasoline, which makes it more effective for transportation of goods over long distances. Diesel vehicles are also known to be more economical than their gas counterparts as they use less fuel per distance traveled, thereby reducing the cost of operation.
Growing demand for diesel vehicles can be attributed to its several benefits such as lower operating costs.
Petrol:
Petrol is an automotive fuel commonly used in the passenger car and van segment. It is also used in heavy-duty vehicles such as trucks, buses, tankers, and coaches. The petrol or gas engine operates on the vapor pressure of hydrocarbons generated by burning fossil fuels (such as petroleum oil) to provide energy for vehicle movement.
The global petrol market has been witnessing strong growth over the past few years owing to increasing demand from various application segments including passenger cars.
Application Insights:
The remote areas application segment accounted for the largest share of over 30.0% in 2017. The growing adoption of these vehicles in rural areas due to their ability to ply through narrow roads and lack of parking spaces is expected to remain a prominent trend over the forecast period. In addition, diesel engines are considered as a better option compared to petrol engines owing to their superior performance on dirt roads and off-road conditions, which is likely to propel demand from this segment over the coming years.
Recreational activities are one of the major applications for these vehicles with an estimated penetration rate exceeding 50% across countries such as Germany, Canada and Australia among others anticipated by 2030.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising disposable income, increasing vehicle penetration, and booming sales of premium cars. China is projected to remain a key player in this market owing to low production costs coupled with large consumer base.
North America accounted for a significant share of the overall revenue in 2017 owing to growing demand for larger vehicles from U.S., Canada, and Mexico due to higher passenger capacity offered by these vehicles as compared t o smaller sized ones. In addition, favorable government policies such as Corporate Average Fuel Economy (CAFE) standards set by U.S Environmental Protection Agency (EPA) are likely boost sales across this region over next eight years till 2030 time frame).
Growth Factors:
- Increased demand for SUVs from emerging markets such as China and India.
- SUV segment is becoming more popular with young buyers, who are looking for vehicles that are both stylish and practical.
- Shift in consumer preferences towards larger vehicles that offer more space and versatility.
- Growing popularity of luxury SUVs, which offer features and amenities not typically found in smaller cars or crossovers.
Scope Of The Report
Report Attributes
Report Details
Report Title
SUV Market Research Report
By Type
Diesel, Petrol, Others
By Application
Remote areas, Recreation, Motorsport
By Companies
Fiat Chrysler Automobiles, Honda Motor, Toyota Motor, Nissan Motor, Ford Motor, General Motors, Hyundai Motor, Daimler, Renault, Volkswagen, Fiat Chrysler Automobiles
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global SUV Market Report Segments:
The global SUV market is segmented on the basis of:
Types
Diesel, Petrol, Others
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
Remote areas, Recreation, Motorsport
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:
- Fiat Chrysler Automobiles
- Honda Motor
- Toyota Motor
- Nissan Motor
- Ford Motor
- General Motors
- Hyundai Motor
- Daimler
- Renault
- Volkswagen
- Fiat Chrysler Automobiles
Highlights of The SUV 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:
- Diesel
- Petrol
- Others
- By Application:
- Remote areas
- Recreation
- Motorsport
- 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 SUV 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?
SUV stands for sport utility vehicle.
Some of the major companies in the suv market are Fiat Chrysler Automobiles, Honda Motor, Toyota Motor, Nissan Motor, Ford Motor, General Motors, Hyundai Motor, Daimler, Renault, Volkswagen, Fiat Chrysler Automobiles.
The suv 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 SUV 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 SUV Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SUV 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 SUV 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 SUV Market Size & Forecast, 2020-2028
4.5.1 SUV Market Size and Y-o-Y Growth
4.5.2 SUV 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 Diesel
5.2.2 Petrol
5.2.3 Others
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 Remote areas
6.2.2 Recreation
6.2.3 Motorsport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SUV 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 SUV 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 Diesel
9.6.2 Petrol
9.6.3 Others
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 Remote areas
9.10.2 Recreation
9.10.3 Motorsport
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 Diesel
10.6.2 Petrol
10.6.3 Others
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 Remote areas
10.10.2 Recreation
10.10.3 Motorsport
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 Diesel
11.6.2 Petrol
11.6.3 Others
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 Remote areas
11.10.2 Recreation
11.10.3 Motorsport
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 Diesel
12.6.2 Petrol
12.6.3 Others
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 Remote areas
12.10.2 Recreation
12.10.3 Motorsport
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 Diesel
13.6.2 Petrol
13.6.3 Others
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 Remote areas
13.10.2 Recreation
13.10.3 Motorsport
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 SUV Market: Competitive Dashboard
14.2 Global SUV Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Fiat Chrysler Automobiles
14.3.2 Honda Motor
14.3.3 Toyota Motor
14.3.4 Nissan Motor
14.3.5 Ford Motor
14.3.6 General Motors
14.3.7 Hyundai Motor
14.3.8 Daimler
14.3.9 Renault
14.3.10 Volkswagen
14.3.11 Fiat Chrysler Automobiles
