Global Light Vehicle Market with Focus on Premium Segment Size and Trends up to 2027 by Daedal Research

Global Light Vehicle Market with Focus on Premium Segment: Analysis By Vehicle Type, By Fuel Type, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027 November 2022

Global Light Vehicle Market with Focus on Premium Segment: Coverage Executive Summary and Scope Introduction/Market Overview Global Market Analysis Regional Market Analysis Impact of COVID Dynamics Competitive Landscape Company Profiling

Attributes Details Title Global Light Vehicle Market with Focus on Premium Segment: Analysis By Vehicle Type, By Fuel Type, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2027 Coverage Global and Regional Regional Coverage Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Europe (Germany, Spain, France, UK, and rest of Europe), North America (the US, Mexico, and Canada), and Rest of the World. Market Influencing Variables Growth Drivers, Challenges, Market Trends Forecast Period of Market 2022-2027 Competition in the Market Consolidated Key Players Bayerische Motoren Werke AG, Mercedes-Benz Group AG, Tesla, Inc., Volkswagen Group, General Motors Co., Toyota Motor Corporation, Ford Motor Company, Stellantis NV, Zhejiang Geely Holding Group Co., Ltd., Aston Martin Lagonda Global Holdings PLC, Exor N.V. (Ferrari N.V.), McLaren Group Scope of the Report Global Light Vehicle Market with Focus on Premium Segment: Coverage

Global Light Vehicle Market with Focus on Premium Segment: Coverage

Executive Summary

Light vehicles, according to the International Organization of Motor Vehicle Manufacturers, comprise passenger cars and light commercial vehicles. Since the automotive industry is constantly looking for cutting-edge materials to help reduce vehicle weight and achieve fuel efficiency and carbon emission targets, there has been an increase in demand for light vehicle productions in recent years due to the growing acceptance of electric cars and advancements in modern metal alloys. The global light vehicle market by production in 2021 stood at 75.65 million units, and is likely to reach 135.33 million units by 2027.

The light vehicle market can be segmented on the basis of vehicle type (passenger cars, and light commercial vehicle), and segment (Mass and Premium segments). On the basis of vehicle type, passenger cars segment is the fastest growing segment with a CAGR of 11% during forecast period, due to attributes like their small size, stylish design, and affordable prices. On the basis of segment, the dominant share of global light vehicle market was held by mass, followed by premium in 2021. A premium car is a car that, for a higher price, provides higher levels of comfort, equipment, amenities, quality, performance, and status than conventional cars. The global premium vehicle production is forecasted to reach 15.55 million units in 2027. Further, the premium vehicle market can be segmented on the basis of vehicle type (SUV, Sedan, and Hatchback), and fuel type (Gasoline, Diesel, and Electric segments).

The COVID-19 pandemic has had a negative influence on the light vehicle industry as a whole, attributed to reduced showroom traffic, supply chain affected by the worldwide lockdown, etc. However, the premium car class may fare better than the mass-market passenger vehicle segment. As purchase decisions for premium vehicles by high-net-worth individuals may have been postponed rather than cancelled.

The global light vehicle production market, as well as global premium vehicle production market has increased in 2021 and projections are made that the market would rise in the next five years i.e. 2022-2027 tremendously. As the disposable income of people increases, the demand for light vehicles, in particular premium vehicles would grow. Rising GNI per capita (PPP) of population leads to greater propensity to consume and save, thereby with higher income to spend they would indulge more in affording such items. Further, the market is expected to grow owing to increasing urban population, increasing female population, technological advancements, increasing use of solar automobiles, rising demand of SUVs, and upsurge in numbers of high net worth individuals, etc. in recent years, yet the market faces some challenges such as increase in prices of materials and difficulty in maintenance of light weight materials, etc.

Light Vehicle Market: Global Analysis

Global Light Vehicle Market by Production

The light vehicle market by production stood at ….. million units in 2021, increased from ….. million units in 2020. The global light vehicle market production is anticipated to grow to …. million units by 2027, inclining from …. million units in 2022. The market is expected to grow at a CAGR of ….% over the projected period of 2022-2027.

CAGR 2022-2027 xx% 2017 2018 2019 2020 2021 M i l l i o n U n i t s 2022 2023 2024 2025 2026 2027 M i l l i o n U n i t s

Vehicle Market: Global Analysis

Light Vehicle Market by Vehicle Type; 2021 Vehicle Type Share Passenger Cars xx% Light Commercial Vehicle xx%

Light Vehicle Market by Segment; 2021 Segment Share Mass Segment xx% Premium Segment xx%

Light

Global

Vehicle

Global Light Vehicle Market by Region; 2021 Region Share CAGR (2022-2027) Asia Pacific xx% xx% Europe xx% xx% North America xx% xx% Rest of the World xx% xx%

Light

Market: Global Analysis

Global Light Vehicle Market: Vehicle Type Analysis Global Passenger Light Vehicle Car Market by Production Global Light Commercial Vehicle Market by Production Vehicle Type CAGR (2022-2027) Passenger Cars xx% Light Commercial Vehicle xx% 2022 2023 2024 2025 2026 2027 M i l l i o n U n i t s 2022 2023 2024 2025 2026 2027 M i l l i o n U n i t s

Global Light Vehicle Market: Segment Analysis Global Mass Light Vehicle Market by Production Global Premium Light Vehicle Market by Production Segment CAGR (2022-2027) Mass Segment xx% Premium Segment xx% 2022 2023 2024 2025 2026 2027 M i l l i o n U n i t s 2022 2023 2024 2025 2026 2027 M i l l i o n U n i t s

Premium Light Vehicle Market: Global Analysis Global Premium Light Vehicle Market by Vehicle Type; 2021 Vehicle Type Share CAGR (2022-2027) SUV xx% xx% Sedan xx% xx% Hatchback xx% xx% Global Premium Light Vehicle Market by Fuel Type; 2021 Fuel Type Share CAGR (2022-2027) Gasoline xx% xx% Diesel xx% xx% Electric xx% xx%

Premium Light Vehicle Market: Global Analysis Global Premium Light Vehicle Market by Region; 2021 Region Share CAGR (2022-2027) Europe xx% xx% Asia Pacific xx% xx% North America xx% xx% Rest of the World xx% xx%

Asia Pacific Light Vehicle Market: Analysis Asia Pacific Light Vehicle Production Market by Vehicle Type; 2021 Asia Pacific Light Vehicle Production Market by Region; 2021 Vehicle Type Share CAGR (2022-2027) Passenger Cars xx% xx% Light Commercial Vehicle xx% xx% Region Share CAGR (2022-2027) China xx% xx% Japan xx% xx% India xx% xx% Rest of Asia Pacific xx% xx%

Pacific Premium Light Vehicle Market: Analysis Asia Pacific Premium Light Vehicle Production Market by Region; 2021 Region Share CAGR (2022-2027) China xx% xx% Japan xx% xx% India xx% xx% Rest of Asia Pacific xx% xx%

Asia

Europe Light Vehicle Market: Analysis Europe Light Vehicle Market by Vehicle Type; 2021 Europe Light Vehicle Market by Region; 2021 Region Share CAGR (2022-2027) Germany xx% xx% Spain xx% xx% France xx% xx% UK xx% xx% Rest of Europe xx% xx% Vehicle Type Share CAGR (2022-2027) Passenger Cars xx% xx% Light Commercial Vehicle xx% xx%

Europe Premium Light Vehicle Market: Analysis Europe Premium Light Vehicle Market by Vehicle Type; 2021 Europe Premium Light Vehicle Market by Region; 2021 Region Share CAGR (2022-2027) Germany xx% xx% Spain xx% xx% France xx% xx% UK xx% xx% Rest of Europe xx% xx% Vehicle Type Share CAGR (2022-2027) SUV xx% xx% Others xx% xx%

North America Light Vehicle Market: An Analysis North America Light Vehicle Production Market by Vehicle Type; 2021 North America Light Vehicle Production Market by Region; 2021 Region Share CAGR (2022-2027) The US xx% xx% Mexico xx% xx% Canada xx% xx% Vehicle Type Share CAGR (2022-2027) Light Commercial Vehicle xx% xx% Passenger Cars xx% xx%

North America Premium Light Vehicle Market: An Analysis North America Premium Light Vehicle Production Market by Vehicle Type; 2021 North America Premium Light Vehicle Production Market by Region; 2021 Region Share CAGR (2022-2027) The US xx% xx% Canada xx% xx% Mexico xx% xx% Vehicle Type Share CAGR (2022-2027) SUV xx% xx% Others xx% xx%

Global Light Vehicle Market with Focus on Premium Segment: Dynamics Growth Driver • Rising Disposable Income • Increasing in Global Urbanization Growth Driver • Rising Disposable Income • Increasing in Global Urbanization Challenges • Increase in Prices of Materials • Difficulty in Maintenance of Light Weight Materials Challenges • Increase in Prices of Materials • Difficulty in Maintenance of Light Weight Materials Market Trends • Involvement of Artificial Intelligence • Upsurge in Use of Electric Vehicles Market Trends • Involvement of Artificial Intelligence • Upsurge in Use of Electric Vehicles

Vehicle

Premium Segment: Competitive

Players Profiled • Stellantis

•

Global

• Exor

McLaren Group Global Premium Light Vehicle Players by Market Share; 2021 Mercedes BMW Audi Lexus Volvo Others

Global Light

Market with Focus on

Landscape • Bayerische Motoren Werke AG, • Mercedes-Benz Group AG, • Tesla, Inc., • Volkswagen Group, • General Motors Co., • Toyota Motor Corporation • Ford Motor Company,

NV,

Zhejiang Geely Holding Group Co., Ltd., • Aston Martin Lagonda

Holdings PLC,

N.V. (Ferrari N.V.), •

Title : Global Light Vehicle Market with Focus on Premium Segment: Analysis By Vehicle Type, By Fuel Type, By

Region Size and Trends with Impact of COVID-19 and Forecast up to 2027

Published : November 2022

Pages : 168

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