Enjoy complimentary customisation on priority with our Enterprise License!
The SUV market size is forecast to increase by USD 272.36 billion, at a CAGR of 5.72% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends. Firstly, the increased preference for safety and comfort is fueling sales of SUVs, as consumers prioritize these features in their vehicle purchases. Secondly, the rapid development of electric and hybrid SUVs is gaining traction, as consumers seek more eco-friendly transportation options.
Lastly, there is an increasing inclination toward cost-effective and compact SUV models, catering to the needs of budget-conscious consumers and those with limited parking space. Engine size is another factor influencing the market, with consumers opting for smaller engines to improve fuel efficiency and reduce emissions. Overall, these trends are shaping the market's future, offering numerous opportunities for growth and innovation.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Fuel Type
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.