SUV Market to reach $1.47 Tn by 2032, Says Global Market Insights Inc.
Major SUV market participants include BMW Group, Ford Motor Company, General Motors, Toyota Motor Corporation, Volkswagen AG
Selbyville, Delaware, Aug. 28, 2024 (GLOBE NEWSWIRE) —
The SUV market valuation is predicted to cross USD 1.47 trillion by 2032, as reported in a
Major SUV market include BMW Group, Ford Motor Company, General Motors, Toyota Motor Corporation, Volkswagen AG
The increasing demand for SUVs has driven car companies to make more efforts to cater specifically to this market. Manufacturers are expanding their SUV range, introducing models from compact to full-size models, catering to customer needs, and investing in new technologies, including hybrid and electric motors. Enhanced safety features, advanced infotainment systems, and luxurious interiors are becoming the standard, reflecting consumer expectations for high-quality, versatile vehicles. Companies dress up SUVs in regional preferences, designs, and materials to suit markets worldwide. These strategic efforts drive the growth of the SUV market and increase competition.
In June 2024, Changan’s Deepal brand officially launched the off-road G318 SUV, priced between 175,900 and 318,000 yuan (24,300 – 43,900 USD) in China. Buyers can choose between two-wheel drive and four-wheel drive.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2018-2032
Chapter 3 SUV market Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material supplier
3.2.2 Component supplier
3.2.3 Technology supplier
3.2.4 Manufacturer
3.2.5 Distributors and dealers
3.2.6 End users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Increasing popularity of automated driving cars
3.8.1.2 Rising sale of passenger cars around the globe
3.8.1.3. The proliferation of automotive V2 X technology
3.8.1.4 Rising demand for advanced safety features in passenger cars
3.8.2 Industry pitfalls & challenges
3.8.2.1 Fuel efficiency concerns
3.8.2.2 Stringent emissions regulations and government policies
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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