Market Overview:
The global notchback 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 notchback cars from personal users, car rental companies, and taxi companies across the globe. Additionally, the increasing demand for luxury and sports notchback cars is also contributing to the growth of this market. The global notchback market by type is segmented into non-luxury notchbacks, luxury notchbacks, sports notchbacks, and others. The non-luxury notchback segment accounted for a major share of the global notchback market in 2017 and is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030. This can be attributed to their affordable price tags as compared with luxury and sports notchbacks.
Product Definition:
A notchback is a type of car body style characterized by a sharp angle where the rear window and deck meet. Notchbacks are often considered more stylish than other body styles, and they can be more practical as well because they provide extra cargo space.
Non-luxury Notchback:
It is a low-cost, compact car with an affordable price tag. It has been gaining acceptance among the mass market and young consumers who look for economical transportation options. The notchback cars have gained significant traction in the U.S., especially after Ford discontinued its Mercury Edsel brand that was once known for its inexpensive cars with unique design features that were successful in attracting customers looking to buy their first new vehicle or upgrading from a used vehicle.
Luxury Notchback:
Luxury notchback is a term used for passenger cars with notch or cut-out in the rear roofline. Luxury notchback has become popular among consumers as it gives a sporty and elegant look to the car. The design of luxury notchback makes it stand out from other conventional sedans, which thereby increases its sales in the market.
Application Insights:
The personal use segment held the largest market share of more than 60% in 2017. The growing trend of renting out notched cars as a way to earn rental income is expected to be the key factor driving this segment over the forecast period. Car rental companies are increasingly using notched vehicles as an asset, which can be rented out at a higher price point compared with normal cars. This has led to an increase in demand for such vehicles among individuals, resulting in high penetration of this application across regions.
The car rental company segment is expected to expand at the fastest CAGR during the forecast period owing to increasing rentals by various companies across regions including Asia Pacific and Middle East & Africa on account of growing tourism industry.
Regional Analysis:
North America dominated the global notchback market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to increasing demand for premium cars with advanced safety features, high seating position, and roomy interior as well as growing popularity of car rental companies providing luxury vehicles on-demand. Moreover, presence of prominent manufacturers such as Ford and Mazda in this region is anticipated to boost product sales across the globe.
Asia Pacific is expected to grow at the fastest CAGR during the forecast period owing to rising disposable income coupled with improving standard of living especially in developing countries such as India.
Growth Factors:
- Increasing demand for luxury cars: The global luxury car market is expected to grow at a CAGR of around 7% during the forecast period. This will create opportunities for notched back cars as well, as they are considered to be a part of the luxury segment.
- Rising disposable income: With rising disposable incomes, consumers are increasingly looking to buy luxurious and premium products such as notched back cars. This is providing growth impetus to the market.
- Growing urbanization: Rapid urbanization is leading to an increase in the number of affluent consumers, who are willing to invest in high-end products such as notched back cars. This is propelling market growth significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Notchback Market Research Report
By Type
Non-luxury Notchback, Luxury Notchback, Sports Notchback, Others
By Application
Personal User, Car Rental Company, Taxi Company, Others
By Companies
Audi, BMW, Cadillac, Chevrolet, Fiat, Ford, Lexus, Pontiac, Volkswagen
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Notchback Market Report Segments:
The global Notchback market is segmented on the basis of:
Types
Non-luxury Notchback, Luxury Notchback, Sports Notchback, 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
Personal User, Car Rental Company, Taxi Company, Others
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:
- Audi
- BMW
- Cadillac
- Chevrolet
- Fiat
- Ford
- Lexus
- Pontiac
- Volkswagen
Highlights of The Notchback 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:
- Non-luxury Notchback
- Luxury Notchback
- Sports Notchback
- Others
- By Application:
- Personal User
- Car Rental Company
- Taxi Company
- Others
- 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 Notchback 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?
Notchback is a term used to describe a car with an elongated rear end.
Some of the key players operating in the notchback market are Audi, BMW, Cadillac, Chevrolet, Fiat, Ford, Lexus, Pontiac, Volkswagen.
The notchback market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Notchback Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Notchback Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Notchback Market - Supply Chain
4.5. Global Notchback Market Forecast
4.5.1. Notchback Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Notchback Market Size (000 Units) and Y-o-Y Growth
4.5.3. Notchback Market Absolute $ Opportunity
5. Global Notchback Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Notchback Market Size and Volume Forecast by Type
5.3.1. Non-luxury Notchback
5.3.2. Luxury Notchback
5.3.3. Sports Notchback
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Notchback Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Notchback Market Size and Volume Forecast by Application
6.3.1. Personal User
6.3.2. Car Rental Company
6.3.3. Taxi Company
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Notchback Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Notchback Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Notchback Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Notchback Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Notchback Demand Share Forecast, 2019-2026
9. North America Notchback Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Notchback Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Notchback Market Size and Volume Forecast by Application
9.4.1. Personal User
9.4.2. Car Rental Company
9.4.3. Taxi Company
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Notchback Market Size and Volume Forecast by Type
9.7.1. Non-luxury Notchback
9.7.2. Luxury Notchback
9.7.3. Sports Notchback
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Notchback Demand Share Forecast, 2019-2026
10. Latin America Notchback Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Notchback Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Notchback Market Size and Volume Forecast by Application
10.4.1. Personal User
10.4.2. Car Rental Company
10.4.3. Taxi Company
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Notchback Market Size and Volume Forecast by Type
10.7.1. Non-luxury Notchback
10.7.2. Luxury Notchback
10.7.3. Sports Notchback
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Notchback Demand Share Forecast, 2019-2026
11. Europe Notchback Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Notchback Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Notchback Market Size and Volume Forecast by Application
11.4.1. Personal User
11.4.2. Car Rental Company
11.4.3. Taxi Company
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Notchback Market Size and Volume Forecast by Type
11.7.1. Non-luxury Notchback
11.7.2. Luxury Notchback
11.7.3. Sports Notchback
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Notchback Demand Share, 2019-2026
12. Asia Pacific Notchback Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Notchback Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Notchback Market Size and Volume Forecast by Application
12.4.1. Personal User
12.4.2. Car Rental Company
12.4.3. Taxi Company
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Notchback Market Size and Volume Forecast by Type
12.7.1. Non-luxury Notchback
12.7.2. Luxury Notchback
12.7.3. Sports Notchback
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Notchback Demand Share, 2019-2026
13. Middle East & Africa Notchback Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Notchback Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Notchback Market Size and Volume Forecast by Application
13.4.1. Personal User
13.4.2. Car Rental Company
13.4.3. Taxi Company
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Notchback Market Size and Volume Forecast by Type
13.7.1. Non-luxury Notchback
13.7.2. Luxury Notchback
13.7.3. Sports Notchback
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Notchback Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Notchback Market: Market Share Analysis
14.2. Notchback Distributors and Customers
14.3. Notchback Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Audi
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BMW
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cadillac
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chevrolet
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fiat
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ford
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lexus
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Pontiac
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volkswagen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
