Luxury Cars Market to record USD 78.32 Bn incremental growth; Market to have Fragmented Structure - Technavio

NEW YORK, Nov. 10, 2022 /PRNewswire/ -- The global luxury cars market size is expected to grow by USD 78.32 billion, accelerating at a CAGR of 4.64% between 2021 and 2026, according to the latest market research report by Technavio. The market is highly competitive, with an increasing demand for luxury cars. The brand position is a major factor by which a company can differentiate itself from other vendors. Selling luxury variant cars under the same brand name would negatively impact sales. Therefore, almost every vehicle manufacturer has positioned its luxury brand under a different brand name. Changes in tax policies in various countries are increasing the overall cost of cars, and the rise in demand for luxury cars is intensifying competition. Cost pressure on luxury car manufacturers is increasing as they have to offer cars at competitive prices. The market is highly capital-intensive, with high entry barriers. Therefore, the possibility of new players entering the market is low during the forecast period. Get detailed insights into the vendor landscape. Download Free Sample Report 

Luxury Cars Market 2022-2026: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The luxury cars market report covers the following areas:

• Luxury Cars Market Size
• Luxury Cars Market Trends
• Luxury Cars Market Industry Analysis

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Luxury Cars Market 2022-2026: Segmentation

The global luxury cars market is segmented as below:

• Product 
• Executive Luxury Cars
• Super Luxury Cars

The executive luxury cars segment is expected to have a steady growth rate during the forecast period. The executive luxury cars segment is dominated by three German automakers Audi, BMW, and Mercedes-Benz. The demand for luxury cars is increasing across all the regions, which forces auto manufacturers to concentrate on their luxury segment cars. Most auto manufacturers have a separate brand for luxury cars. For instance, Ford Motor Company has Lincoln, Toyota Motor Corporation has Lexus, Honda Motor has Acura, and Nissan has INFINITI. BMW, which is a luxury car company, has a separate segment for its super-luxury cars named Rolls-Royce. This type of brand positioning has allowed many automotive players to enter the luxury cars market, which has balanced the increasing demand for executive luxury cars across all regions.

• Geography 
• Europe
• APAC
• North America
• South America
• Middle East and Africa

APAC will account for 37% of the global market share during the forecast period. Emerging markets like China and India are witnessing significant growth in the sales of luxury cars. The major reason for this would be a rapid increase in high-net-worth individuals. Identify key segments and regions to invest in over the forecast period. Buy Report Now!

 Luxury Cars Market 2022-2026: Vendor Analysis

AB Volvo, Aston Martin Lagonda Ltd., BYD Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., McLaren Group Ltd., Mercedes Benz Group AG, Pagani Automobili Spa, Renault sas, Stellantis NV, Tata Sons Pvt. Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG are identified as major market participants.

Luxury Cars Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist luxury cars market growth during the next five years
• Estimation of the luxury cars market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the luxury cars market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of luxury cars market vendors

Related Reports:

• The luxury vehicle market share is expected to increase by 3251.30 thousand units from 2022 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.45%. The integration of advanced safety technologies in luxury cars to gain higher safety ratings is notably driving the luxury vehicle market growth, although factors such as the decline in the automotive industry due to global semiconductor chip shortage may impede the market growth.
• The luxury car market share in Australia is expected to increase by 27350.00 units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.12%. The integration of advanced safety technologies in luxury cars to gain higher safety ratings is notably driving the luxury car market growth in Australia, although factors such as the decline in the automotive industry due to global semiconductor chip shortage may impede the market growth.

Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Executive luxury cars - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Executive luxury cars - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Executive luxury cars - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Executive luxury cars - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Executive luxury cars - Year-over-year growth 2021-2026 (%)

• 5.4 Super luxury cars - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Super luxury cars - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Super luxury cars - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Super luxury cars - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Super luxury cars - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 Europe - Market size and forecast 2021-2026 
• Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026 
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026 
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026 
• Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026 
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 AB Volvo
• Exhibit 89: AB Volvo - Overview
• Exhibit 90: AB Volvo - Business segments
• Exhibit 91: AB Volvo - Key news
• Exhibit 92: AB Volvo - Key offerings
• Exhibit 93: AB Volvo - Segment focus

• 10.4 Aston Martin Lagonda Ltd. 
• Exhibit 94: Aston Martin Lagonda Ltd. - Overview
• Exhibit 95: Aston Martin Lagonda Ltd. - Business segments
• Exhibit 96: Aston Martin Lagonda Ltd. - Key offerings
• Exhibit 97: Aston Martin Lagonda Ltd. - Segment focus

• 10.5 BYD Co. Ltd.
• Exhibit 98: BYD Co. Ltd. - Overview
• Exhibit 99: BYD Co. Ltd. - Business segments
• Exhibit 100: BYD Co. Ltd. - Key news
• Exhibit 101: BYD Co. Ltd. - Key offerings
• Exhibit 102: BYD Co. Ltd. - Segment focus

• 10.6 McLaren Group Ltd.
• Exhibit 103: McLaren Group Ltd. - Overview
• Exhibit 104: McLaren Group Ltd. - Business segments
• Exhibit 105: McLaren Group Ltd. - Key offerings
• Exhibit 106: McLaren Group Ltd. - Segment focus

• 10.7 Mercedes Benz Group AG 
• Exhibit 107: Mercedes Benz Group AG - Overview
• Exhibit 108: Mercedes Benz Group AG - Business segments
• Exhibit 109: Mercedes Benz Group AG - Key offerings
• Exhibit 110: Mercedes Benz Group AG - Segment focus

• 10.8 Renault sas
• Exhibit 111: Renault sas - Overview
• Exhibit 112: Renault sas - Product / Service
• Exhibit 113: Renault sas - Key news
• Exhibit 114: Renault sas - Key offerings

• 10.9 Stellantis NV
• Exhibit 115: Stellantis NV - Overview
• Exhibit 116: Stellantis NV - Business segments
• Exhibit 117: Stellantis NV - Key news
• Exhibit 118: Stellantis NV - Key offerings
• Exhibit 119: Stellantis NV - Segment focus

• 10.10 Tata Sons Pvt. Ltd.
• Exhibit 120: Tata Sons Pvt. Ltd. - Overview
• Exhibit 121: Tata Sons Pvt. Ltd. - Business segments
• Exhibit 122: Tata Sons Pvt. Ltd. - Key offerings
• Exhibit 123: Tata Sons Pvt. Ltd. - Segment focus

• 10.11 Toyota Motor Corp.
• Exhibit 124: Toyota Motor Corp. - Overview
• Exhibit 125: Toyota Motor Corp. - Business segments
• Exhibit 126: Toyota Motor Corp. - Key news
• Exhibit 127: Toyota Motor Corp. - Key offerings
• Exhibit 128: Toyota Motor Corp. - Segment focus

• 10.12 Volkswagen AG
• Exhibit 129: Volkswagen AG - Overview
• Exhibit 130: Volkswagen AG - Business segments
• Exhibit 131: Volkswagen AG - Key offerings
• Exhibit 132: Volkswagen AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 133: Inclusions checklist
• Exhibit 134: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 135: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 136: Research methodology
• Exhibit 137: Validation techniques employed for market sizing
• Exhibit 138: Information sources

• 11.5 List of abbreviations 
• Exhibit 139: List of abbreviations

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