DUBLIN, February 2, 2023 /PRNewswire/ — The “SUV Market Size, Trends and Growth Opportunities, By Type, By Drivetrain, By Electric Vehicle Type, By Size, By Seating Capacity, By Price Range, By Class By Application, Regional Outlook, Competitive Market Share and Forecast, Global Forecast to 2027.” report has been added to from ResearchAndMarkets.com offer.
The global SUV market has been valued at $827 billion in 2021 and is expected to reach 1,221.7 billion by 2027, at a CAGR 5.11% from 2022 to 2027.
SUV (Sports Utility Vehicle) is defined as a type of passenger vehicle or suburban utility vehicle classified as a light truck, but used as a family vehicle. It is characterized by roughness and increased ground clearance.
This vehicle is intended for rough roads and is commonly used on highways and streets. The SUV also features a high seating position, tall interior package, upright body and includes the towing capacity of a pickup truck.
An SUV is a kind of vehicle in which all 4 wheels work at the same time, based on conventional automotive platforms for lighter weight and better fuel efficiency. It is segmented into diesel cars, gasoline cars and electric cars.
Market factors
The major factors driving the increasing growth of the SUV market are the need for premium vehicles in advanced countries and increasing acceptance of SUVs. The rising purchasing power of the population in both developed and developing countries is pushing the market further. Moreover, the increase in technological advancements, such as real-time information solutions and integration of advanced systems with the Internet of Things, is accelerating the growth of the market.
Market restriction
On the other hand, high and rising cost of vehicles, unstable preference for electric vehicles and low fuel efficiency are expected to hamper the market growth. Additionally, constant maintenance expenses and high insurance rates are expected to challenge the SUV market during the forecast period of 2027.
Market segmentation
The global SUV market is segmented into type, propulsion, fuel type, size, seating capacity, price range, class and application.
The SUV market is mainly driven by the growing demand for heavy passenger vehicles in the SUV segments.
Regional analysis
The global SUV market is segmented into five regions such as North America, Latin America, Europe, Asia Pacificand Middle East & Africa.
The North American region dominates the sport utility vehicle (SUV) market owing to the high number of SUV purchases in the region.
The Asia Pacific (APAC) is expected to witness significant growth during the forecast period of 2027 due to the region’s high investments in research and development activities.
Key players
Various key players are covered in the global SUV market report including: Toyota Motor Corporation, Honda Motor Co., Ltd, Hyundai Motor Company, General Motors, Ford Motor Company, Stellantis, Daimler AG, Volkswagen AG, Nissan Motor Co ., Ltd, BMW Group, Tesla, AB Volvo, Continental AG and others.
Main topics covered:
1. Introduction
2 Research methodology
3 Executive summary
4 Global SUV Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Constraints
4.2.3 Opportunities
4.3 Carrier Five Forces Model
4.4 Value chain analysis
5 Global SUV Market, by Type
5.1 Annual Growth Comparison, by Type
5.2 Global SUV Market Share Analysis by Type
5.3 Global SUV Market Size and Forecast, by Type
5.3.1 SUV-C
5.3.2 SUV-D
5.3.3 SUV-E
5.3.4 SUV-F
6 Global SUV Market, By Propulsion
6.1 Year-on-Year Growth Comparison, by Propulsion
6.2 Global SUV Market Share Analysis, by Propulsion
6.3 Global SUV Market Size and Forecast, by Propulsion
6.3.1 Gasoline
6.3.2 Diesel fuel
6.3.3 Gasoline
6.3.4 Electrical
7 Global SUV Market, By Electric Vehicle Type
7.1 YoY Growth Comparison, by Electric Vehicle Type
7.2 Global SUV Market Share Analysis, by Electric Vehicle Type
7.3 Global SUV Market Size and Forecast, by Electric Vehicle Type
7.3.1 BEV
7.3.2 ORV
7.3.3 FCEV
8 Global SUV Market, By Size
8.1 Annual Growth Comparison, by Size
8.2 Global SUV Market Share Analysis by Size
8.3 Global SUV Market Size and Forecast, by Size
8.3.1 Mini-SUVs
8.3.2 Compact
8.3.3 Average size
8.3.4 Average size
8.3.5 Mean Size Interval (MPV/MUV)
9 Global SUV Market, by Number of Seats
9.1 Comparison of annual growth, by number of seats
9.2 Global SUV Market Share Analysis, by Seating Count
9.3 Global SUV Market Size and Forecast, by Seating Capacity
9.3.1 5-seater
9.3.2 7-seater
9.3.2 8 seats and more
10 Global SUV Market, By Price Range
10.1 YoY Growth Comparison, By Price Range
10.2 Global SUV Market Share Analysis, By Price Range
10.3 Global SUV Market Size and Forecast, By Price Range
10.3.1 Medium
10.3.2 Premium
11 Global SUV Market, By Class
11.1 Annual Growth Comparison, By Class
11.2 Global SUV Market Share Analysis, By Class
11.3 Global SUV Market Size and Forecast, By Class
11.3.1 Class B
11.3.2 Class C
11.3.3 Class D
11.3.4 Class E
12 Global SUV Market, By Application
12.1 Annual Growth Comparison, by Application
12.2 Global SUV Market Share Analysis, by Application
12.3 Global SUV Market Size and Forecast, by Application
12.3.1 Remote areas
12.3.2 Leisure
12.3.3 Motorsport
13 Global SUV Market, by Region
13.1 Global SUV Market Share Analysis, by Region
13.2 Global SUV Market Share Analysis, by Region
13.3 Global SUV Market Size and Forecast, by Region
14 North America SUV Market Analysis and Forecast (2022-2027)
15 Europe SUV Market Analysis and Forecast (2022-2027)
16 Asia-Pacific SUV Market Analysis and Forecast (2022-2027)
17 Latin America SUV Market Analysis and Forecast (2022-2027)
18 Middle East SUV Market Analysis and Forecast (2022-2027)
19 Competitive Analysis
19.1 Competition Dashboard
19.2 Major Vendor Market Share Analysis
19.3 Main development strategies
20 company profiles
20.1 Toyota Motor Corporation
20.1.1 Presentation
20.1.2 Offers
20.1.3 Key financial data
20.1.4 Business Segment and Geographic Overview
20.1.5 Key Market Developments
20.1.6 Key Strategies
20.2 Honda Motor Co., Ltd.
20.2.1 Overview
20.2.2 Offers
20.2.3 Key financial data
20.2.4 Business Segment and Geographic Overview
20.2.5 Key Market Developments
20.2.6 Key Strategies
20.3 Hyundai Motor Company
20.3.1 Presentation
20.3.2 Offers
20.3.3 Key financial data
20.3.4 Business Segment and Geographic Overview
20.3.5 Key Market Developments
20.3.6 Key Strategies
20.4 General Engines
20.4.1 Presentation
20.4.2 Offers
20.4.3 Key financial data
20.4.4 Business Segment and Geographic Overview
20.4.5 Key Market Developments
20.4.6 Key Strategies
20.5 Ford Motor Company
20.5.1 Overview
20.5.2 Offers
20.5.3 Key financial data
20.5.4 Business Segment and Geographic Overview
20.5.5 Key Market Developments
20.5.6 Key Strategies
20.6 Stellantis
20.6.1 Presentation
20.6.2 Offers
20.6.3 Key financial data
20.6.4 Business Segment and Geographic Overview
20.6.5 Key Market Developments
20.6.6 Key Strategies
20.7 Daimler AG
20.7.1 Presentation
20.7.2 Offers
20.7.3 Key financial data
20.7.4 Business Segment and Geographic Overview
20.7.5 Key Market Developments
20.7.6 Key Strategies
20.8 Volkswagen AG
20.8.1 Presentation
20.8.2 Offerings
20.8.3 Key financial data
20.8.4 Business Segment and Geographic Overview
20.8.5 Key Market Developments
20.8.6 Key Strategies
20.9 Nissan Motor Co., Ltd.
20.9.1 Presentation
20.9.2 Offerings
20.9.3 Key financial data
20.9.4 Business Segment and Geographic Overview
20.9.5 Key Market Developments
20.9.6 Key Strategies
20.10 BMW Group
20.10.1 Presentation
20.10.2 Offerings
20.10.3 Key financial data
20.10.4 Business Segment and Geographic Overview
20.10.5 Key Market Developments
20.10.6 Key Strategies
For more information about this report visit https://www.researchandmarkets.com/r/t5jott-market-size?w=5
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