Dublin, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The "SUV Market Size, Trends and Growth opportunity, By Type, By Propulsion, By EV Type, By Size, By Seating Capacity, By Price Range, By Class By Application, Regional Outlook, Competitive Market Share & Forecast, Global Forecast till 2027." report has been added to ResearchAndMarkets.com's offering.
The Global SUV Market was valued at USD 827 billion in 2021 and is expected to reach 1,221.7 billion by 2027, at a CAGR 5.11% from 2022-2027.
SUV (Sports Utility Vehicle) is defined as a kind of a passenger vehicle or suburban utility vehicle classified as a light truck, but used as a family vehicle. It is featured with roughness and raised ground clearance.
This vehicle is meant for rough roads and is commonly used on highways and streets. The SUV also features a high seating position, tall interior packaging, upright build body, and includes the towing capacity of a pickup truck.
An SUV is a kind of vehicle in which all the 4 wheels work at the same time, based on regular automotive platforms for lighter weight and better fuel efficiency. It is segmented to diesel cars, petrol cars, and electric cars.
Market Drivers
The major factors leading to the increasing growth of the SUV market is the need for premium vehicles in the advanced nations and the rise in acceptance for SUV. The surge in purchasing power of the population in developed and developing countries drives the market further. Furthermore, the rise in technological advancements, such as real-time information solutions, and integrating advanced systems with the Internet of Things, accelerates market growth.
Market Restraint
On the other hand, high and increasing cost of the vehicles, unstable preference towards the electric vehicles, and low fuel efficiency, are expected to obstruct the market growth. Also, constant maintenance expenses and high insurance rates are projected to challenge the sport utility vehicle market in 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 market of SUV is majorly driven by the rising demand for heavy passenger vehicles in SUVs segments.
Regional Analysis
The Global SUV Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region dominates the sport utility vehicle (SUV) market because of the high purchase of SUVs within the region.
The Asia-Pacific (APAC) region is projected 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 discussed into 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.
Key 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 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global SUV Market, By Type
5.1 Y-o-Y 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 Y-o-Y 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 Petrol
6.3.2 Diesel
6.3.3 Gasoline
6.3.4 Electric
7 Global SUV Market, By EV Type
7.1 Y-o-Y Growth Comparison, By EV Type
7.2 Global SUV Market Share Analysis, By EV Type
7.3 Global SUV Market Size and Forecast, By EV Type
7.3.1 BEV
7.3.2 PHEV
7.3.3 FCEV
8 Global SUV Market, By Size
8.1 Y-o-Y 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-SUV
8.3.2 Compact
8.3.3 Mid-Size
8.3.4 Mid-Size
8.3.5 Mid-Size Extended-Length (MPV/MUV)
9 Global SUV Market, By Seating Capacity
9.1 Y-o-Y Growth Comparison, By Seating Capacity
9.2 Global SUV Market Share Analysis, By Seating Capacity
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 and above Seater
10 Global SUV Market, By Price Range
10.1 Y-o-Y 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 Y-o-Y 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 Y-o-Y 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 Recreation
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 Market share Analysis of Top Vendors
19.3 Key Development Strategies
20 Company Profiles
20.1 Toyota Motor Corporation
20.1.1 Overview
20.1.2 Offerings
20.1.3 Key Financials
20.1.4 Business Segment & 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 Offerings
20.2.3 Key Financials
20.2.4 Business Segment & Geographic Overview
20.2.5 Key Market Developments
20.2.6 Key Strategies
20.3 Hyundai Motor Company
20.3.1 Overview
20.3.2 Offerings
20.3.3 Key Financials
20.3.4 Business Segment & Geographic Overview
20.3.5 Key Market Developments
20.3.6 Key Strategies
20.4 General Motors
20.4.1 Overview
20.4.2 Offerings
20.4.3 Key Financials
20.4.4 Business Segment & 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 Offerings
20.5.3 Key Financials
20.5.4 Business Segment & Geographic Overview
20.5.5 Key Market Developments
20.5.6 Key Strategies
20.6 Stellantis
20.6.1 Overview
20.6.2 Offerings
20.6.3 Key Financials
20.6.4 Business Segment & Geographic Overview
20.6.5 Key Market Developments
20.6.6 Key Strategies
20.7 Daimler AG
20.7.1 Overview
20.7.2 Offerings
20.7.3 Key Financials
20.7.4 Business Segment & Geographic Overview
20.7.5 Key Market Developments
20.7.6 Key Strategies
20.8 Volkswagen AG
20.8.1 Overview
20.8.2 Offerings
20.8.3 Key Financials
20.8.4 Business Segment & Geographic Overview
20.8.5 Key Market Developments
20.8.6 Key Strategies
20.9 Nissan Motor Co., Ltd
20.9.1 Overview
20.9.2 Offerings
20.9.3 Key Financials
20.9.4 Business Segment & Geographic Overview
20.9.5 Key Market Developments
20.9.6 Key Strategies
20.10 BMW Group
20.10.1 Overview
20.10.2 Offerings
20.10.3 Key Financials
20.10.4 Business Segment & 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/c6xva5-market-size?w=12
