고급 SUV 시장 규모는 2023년 79억 달러, 2024년 87억 5,000만 달러에서 2032년에는 198억 8,000만 달러로 성장하고, 예측 기간(2025-2032년) 동안 10.8%의 연평균 복합 성장률(CAGR)을 나타낼 것으로 예상됩니다.
2023년 10월 현재, 럭셔리 SUV 시장은 전 세계 가처분 소득 증가와 부유층 증가로 인해 크게 성장할 것으로 예상됩니다. 혁신적인 럭셔리 SUV 모델의 출시는 오프로드 모험에 대한 관심 증가와 함께 수요를 더욱 증가시킬 것으로 예상됩니다. 또한, 전기 SUV로의 전환과 지속가능성에 대한 관심이 높아짐에 따라 공급업체들에게 새로운 성장 기회를 제공할 것입니다. 또한, 자동차 제조의 확대와 자동차 판매 증가는 고급 SUV 시장에 긍정적인 영향을 미칠 것으로 보입니다. 그러나 높은 소유 비용, 경제의 불확실성, 크로스오버 차량과의 경쟁 심화, 전기 SUV를 위한 미비한 인프라 등의 문제는 2032년 이후 고급 SUV 제조업체의 성장 전망을 저해할 수 있습니다.
Luxury SUV Market size was valued at USD 7.9 billion in 2023 and is poised to grow from USD 8.75 billion in 2024 to USD 19.88 billion by 2032, growing at a CAGR of 10.8% during the forecast period (2025-2032).
As of October 2023, the luxury SUV market is poised for significant growth driven by rising global disposable incomes and an increasing number of high net-worth individuals. The introduction of innovative luxury SUV models, coupled with a growing interest in off-road adventures, is expected to further boost demand. Additionally, the shift towards electric SUVs and a heightened focus on sustainability present new growth opportunities for vendors. Moreover, the expansion of automotive manufacturing and increased vehicle sales will positively influence the luxury SUV market. However, challenges such as high ownership costs, economic uncertainties, intense competition from crossover vehicles, and inadequate infrastructure for electric SUVs could hinder growth prospects for luxury SUV manufacturers through 2032 and beyond.
Top-down and bottom-up approaches were used to estimate and validate the size of the Luxury Suv market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Luxury Suv Market Segments Analysis
Global Luxury SUV Market is segmented by Type, Fuel, Car Price, Sales Channel and region. Based on Type, the market is segmented into Compact, Mid-size and Full-size. Based on Fuel, the market is segmented into Gasoline, Diesel and Hybrid/electric. Based on Car Price, the market is segmented into USD 30K-60K, USD 60K-90K, USD 90K-120K and Over USD 120K. Based on Sales Channel, the market is segmented into Franchised dealer and Independent dealer. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Luxury Suv Market
The global luxury SUV market is being significantly driven by the rapid increase in disposable income among consumers worldwide, enhancing their purchasing power and altering their preferences. As people enjoy greater financial freedom, affluent buyers are increasingly attracted to luxury vehicles that offer advanced features, superior performance, and a prestigious status. This growing affinity for luxury SUVs reflects a broader shift in consumer behavior, where individuals seek more than just transportation; they desire vehicles that embody sophistication and exclusivity. Consequently, the landscape of the luxury SUV market is expected to flourish in response to these evolving demands and preferences.
Restraints in the Luxury Suv Market
The luxury SUV market faces significant restraints primarily due to the high costs associated with these vehicles. Luxury SUVs, by their very nature, incorporate premium features that elevate their prices beyond those of conventional SUVs and other vehicles. In addition to the initial purchase price, the ongoing maintenance and operational expenses are considerably elevated, further discouraging potential buyers, particularly in price-sensitive markets. As a result, the financial burden associated with luxury SUVs can hinder their widespread adoption among consumers who may prioritize affordability and practicality over luxury and status. This high cost factor acts as a barrier to entry for many prospective customers.
Market Trends of the Luxury Suv Market
As of October 2023, the luxury SUV market is witnessing a significant shift towards electrification, driven by stringent emission regulations and evolving consumer preferences for sustainable vehicles. Luxury manufacturers are increasingly investing in electric and hybrid powertrains, responding to the high demand for eco-friendly options without compromising on performance or luxury. This trend not only aligns with global sustainability goals but also enhances brand appeal among eco-conscious consumers. As technological advancements continue to improve battery efficiency and charging infrastructure, the integration of electric and hybrid systems is set to redefine the luxury SUV segment, positioning it as a leader in the transition towards greener mobility solutions.