Global SUV sales was around 26.68 million units in 2017, and this volume is projected to reach 50.95 million units by 2023, in the global SUV market is anticipated to be driven by increasing consumer inclination towards compact SUVs, rising consumer demand for a car that is comfortable and can perform the occasional off-roading, and growing adoption of hybrid and electric SUVs.
Moreover, increasing investments by leading auto manufacturers such as Jeep, Toyota, Honda, etc., in their SUV product lines is expected to positively influence the global SUV market in the coming years.
Global SUV Market 2013-2023, discusses the following aspects of SUV market globally:
SUV Market Size, Share & Forecast
Segmental Analysis - By Length (SUV-C, SUV-D, SUV-E & SUV-F), By Engine Capacity, By Fuel Type (Diesel, Petrol & Others), By Region (Asia-Pacific, North America, Europe, South America & Others)
Changing Market Trends & Emerging Opportunities
Some of the major players operating in the global SUV market are: