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Luxury Car Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024


The “Luxury Car Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Luxury Car market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Luxury Car market is provided in detail in the report.

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Luxury Car Market Covers Key Players:

  • Daimler AG
  • Bayerische Motoren Werke AG (BMW)
  • Volvo Group
  • Volkswagen Group
  • Tata Motor Limited
  • Tesla Inc.
  • General Motors Company
  • Ford Motor Company
  • Aston Martin Lagonda Ltd
  • Honda Motor Co.
  • Nissan

    Market Overview:

  • The luxury car market (henceforth, referred to as the market studied) is anticipated to register a CAGR of about 5.83% during the forecast period (2019 – 2024).
  • – A rise in tangible luxury offerings in vehicles, shifting consumer preferences from sedan to SUVs, and increasing disposable incomes of consumers have been propelling the demand for luxury cars around the world. However, there are a few factors, such as an increase in import tariffs, which are expected to hinder the growth of the luxury car market. For instance: the US President-elect may increase the import tariffs on German luxury cars. The BMW and other Germany luxury car manufacturers may have to face a 35% import duty for cars not manufactured in the United States.
  • – The growing trend of electric luxury vehicles across the regions is fueling the demand for luxury cars. With the growing environmental concerns, the governments, and environmental associations across the world are tightening the emission norms. As a result, major luxury car manufacturers are launching electric variants of their vehicles, which is expected to accelerate the growth of the luxury car market over the forecast period.
  • – Some of the major players in the market studied are Mercedes-Benz, BMW, Lexus, Audi, Volvo, Land Rover and Jaguar, and Tesla. In 2018, Mercedes-Benz dominated the luxury car market, with a market share of approximately 16%, followed by BMW. The other players in the market studied include, Ferrari, Lamborghini, and Porsche, among others.

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Luxury Car Market opportunities and recommendations for new investments

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    Scope of the Report:

  • The global luxury car market covers all the latest R&D initiatives, investment done by the governments, and vehicle manufacturers across the world. The includes

    Key Market Trends:

    IC Engines Expected to Witness Slow Growth Rate

    The IC engine segment of the market studied is currently leading the market studied, however, it is anticipated that the demand for IC engine vehicles may slow down over the forecast period. At present, major players, such as Mercedes-Benz, BMW, and Audi cover a significant percentage of share in the drive type market segmentation in the global luxury car market.

    With the growing environmental concerns, owing to rising exhaust emissions, the governments and environmental associations across the world are tightening the emission norms. As a result, the demand for sustainable and environment-friendly transportation, such as EVs, is increasing, with governments offering higher incentives and subsidies to the owners of these vehicles.

    – For instance, China registered the highest number of new EV registrations in FY 2017-2018.
    – However, North America is expected to lead the luxury EV sales, owing to high disposable incomes and the availability of EV infrastructure in the region. The growing demand for style, power, and advanced telematics is also expected to continue to propel the demand for luxury EVs.
    – Additionally, luxury car component manufacturers are focusing on the development of next-generation smart mobility technologies, such as autonomous driving, personal voice assistance, and retina recognition, which are also expected to boost the sales of luxury EVs.

    The Asia-Pacific Region is Expected to Witness the Fastest Growth Rate

    The Asia-Pacific region is expected to witness the fastest growth rate during the forecast period.

    Currently, China is one of the largest markets for luxury cars among all developing countries in the luxury car market. The premium car manufacturers, such as Audi, Mercedes-Benz, BMW, and Lexus, have always maintained positive growth in the Chinese luxury car market. In 2017, luxury cars in the country accounted for more than 9% of the overall passenger cars sales. With the growing business opportunities in the country, the market for luxury cars is expected to witness moderately fast growth.

    Mercedes and BMW have dominated the luxury sedan segment of the Indian Market. In 2017, Mercedes India registered 16% growth compared to 2016. C-Class and E-class are the majorly sold models by the company.

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    Detailed TOC of Luxury Car Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5.1 Vehicle Type
    5.1.1 Hatchback
    5.1.2 Sedan
    5.1.3 SUV
    5.2 Drive Type
    5.2.1 IC Engine
    5.2.2 Electric
    5.3 Geography
    5.3.1 North America US Canada Rest of North America
    5.3.2 Europe Germany UK France Italy Rest of Europe
    5.3.3 Asia-Pacific China India Japan Rest of Asia-Pacific
    5.3.4 South America Brazil Argentina Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Daimler AG
    6.3.2 Bayerische Motoren Werke AG (BMW)
    6.3.3 Volvo Group
    6.3.4 Volkswagen Group
    6.3.5 Tata Motor Limited
    6.3.6 Tesla Inc.
    6.3.7 General Motors Company
    6.3.8 Ford Motor Company
    6.3.9 Aston Martin Lagonda Ltd
    6.3.10 Honda Motor Co.
    6.3.11 Nissan



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