Global Luxury Car Market 2014-2020 Reveals Positive Growth
Albany, NY (PRWEB) February 02, 2015 -- According to the report, nearly 80% of the global luxury car market’s share is held by three companies: Audi, BMW, and Mercedes-Benz. BMW leads the market, with aggressive competition from the other two. Other companies included in the report are Volkswagen AG, Daimler AG, Tata Motors Limited, Rolls Royce, Lamborghini, and General Motors Company.
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The global luxury car market has been relatively unaffected by the economic crisis. It remained in stable growth over the recent past, and is set to grow faster due to increasing demand from emerging economies.
Within the developed segments of the global luxury car market, Europe is experiencing growth after a slow decline for nearly six years. The Europe luxury car market was expected to have grown by 2% in 2014.
China, meanwhile, stormed to the position of the largest auto market in the world in 2009, ahead of the U.S. China is currently the prime focus for automakers when it comes to both passenger cars as well as luxury cars. It is the focus of all top carmakers in the world, including Chinese as well as Western manufacturers. The China luxury car market is expected to grow at a CAGR of 12% in the period from 2014 to 2020. The country’s passenger car market will grow at a CAGR of 8%.
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The report further analyzes the key dynamics of the global luxury car market. It examines the current opportunities in each sector in terms of the largest regions in the market: the United States, Europe, China, and India. The report also investigates the performance and initiatives taken by the top companies and elaborates upon it relative to the market scenario. The introductory overview of the global luxury car market is provided according to sector scenarios, statistics, and performance.
The four leading countries in the global luxury car market are analyzed according to market statistics, competitive landscape, and key market drivers.
The lists and charts exhibited in the global luxury car market include sales for the top 3 countries in million units for the year 2012, along with a forecast figure for the year 2020. The global luxury car production of the top players is given for the years 2008 to 2013. The top 10 luxury car brands in the U.S. are also revealed.
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The report also details the challenges faced by the global luxury car market, including regulatory restraints on fuel consumption, volatility of prices of raw materials, changing consumer trends, and increasing adoption of plastics instead of metals.
The report is compiled by a team of dedicated research experts that possess a rich experience across multiple industry segments and focus on high quality delivery.
Related Report
Global Car Rental Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
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A car rental company rents out vehicles/automobiles for a specific period of time ranging from a few hours to a few months for an appropriate fee. The service is often organized across various local branches, facilitating customers to return the vehicle in a location of their convenience. In addition, car rental services are often complemented by websites, allowing online reservations and car rental offices are primarily located near airports or busy city areas. Car rental agencies serve people whose cars are temporarily out of service or the ones who do not have access to their vehicles, for example owners of damaged vehicles who are awaiting insurance or repair compensation, or travelers from outside the town. Alongside the basic rental of a vehicle, car rental agencies typically offer extra services, such as GPS navigation systems, insurance and entertainment systems.
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This market research study analyzes the car rental market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2019. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
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