Enjoy complimentary customisation on priority with our Enterprise License!
The luxury cars market size is forecast to increase by USD 180.52 billion at a CAGR of 6.56% between 2023 and 2028. The luxury car market is experiencing significant growth, driven by the rising demand for high-end SUVs and the launch of electric luxury car models. The tourism industry's revival is also fueling the market's expansion, as travelers seek premium transportation experiences. Connectivity technology is a key trend in the luxury vehicle sector, with consumers demanding advanced connectivity features and IoT capabilities. Autonomous vehicles are another emerging trend, offering enhanced safety and convenience. However, the market faces challenges such as increasing taxes on luxury cars and the need for eco-friendly alternatives to traditional gasoline engines. These factors create a complex market landscape, requiring manufacturers to innovate and adapt to meet evolving consumer demands.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Propulsion
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.