SUV Market Trend Analysis worth 30.2 Million Units by 2020
The global SUV and sub-compact SUV market is projected to reach 30.2 million units by 2020, growing at a CAGR of 5.36% during the forecast period. The SUV and sub-compact SUV market has witnessed considerable growth in countries such as the U.S., China, india, and mexico, owing to its low cost and compactness (compared to full-sized suvs), stylistic design, and high maneuverability.
Target Audience: • Manufacturers of SUV, sub-compact-SUV, Crossovers, and MPV • Component suppliers to the aforementioned vehicle types • Dealers and distributors • Automotive industry associations • Investment firms • Equity research firms • Private equity firms • Governments and regulatory authorities
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Scope of the SUV Market: • • • • •
By Vehicle Type (SUV, sub-compact SUV, crossover, and MUV/MPV) Roadmap (by region and by vehicle type) Competitive Benchmarking Demographics By Region (North America, Asia-Oceania, Europe, and RoW)
The SUV & sub-compact SUVs market in terms of production, is projected to reach 30.2 million units by 2020, growing at a CAGR of 5.36%. The SUV & sub-compact SUV market has witnessed considerable growth in countries such as the U.S., China, India, and Mexico, owing to the low cost, compact size, stylistic design, and better maneuverability among others.
Key players of SUV Market: • Ford Motor Company (the U.S.) • Toyota Corporation (Japan) • Honda Motor Company (Japan) • Hyundai Motor Company (South Korea) • General Motors (the U.S.).
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Asia-oceania: driving the market for suvs and sub-compact suvs The asia-oceania SUV and sub-compact SUV market is poised to register the highest CAGR during the forecast period. This can be primarily attributed to the strong state support, availability of economical domestic resources, and emerging economies in the region, particularly china and india. Major oems are investing heavily in the region, prompted by factors such as young demographics and the expanding middle class. The production of suvs and sub-compact suvs is expected to increase in countries such as china and india, owing to availability of cost-effective labor and favorable government policies. For instance, the government of india has allowed 100% foreign direct investment (FDI) with no minimum investment criteria for the automotive sector.
SUV MARKET TREND ANALYSIS BY PRODUCTION, SALE & TYPE (SUV, SUB-COMPACT SUV, CROSSOVER, MPV), DEMOGRAPHICS & ECONOMY (POPULATION, MEDIAN AGE, PER CAPITA INCOME, UNEMPLOYMENT RATIO & THEIR CORRELATION COEFFICIENT), & BY COMPETITIVE BENCHMARKING - FORECAST TO 2020
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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