Market Research Report
Sports Utility Vehicles (SUVs)
|Published by||Global Industry Analysts, Inc.||Product code||341990|
|Published||Content info||152 Pages
Delivery time: 1-2 business days
|Sports Utility Vehicles (SUVs)|
|Published: April 1, 2021||Content info: 152 Pages||
Global Sports Utility Vehicles (SUVs) Market to Reach 61.8 Million Units by 2027
Amid the COVID-19 crisis, the global market for Sports Utility Vehicles (SUVs) estimated at 32.1 Million Units in the year 2020, is projected to reach a revised size of 61.8 Million Units by 2027, growing at a CAGR of 9.8% over the period 2020-2027.
The U.S. Market is Estimated at 8.7 Million Units, While China is Forecast to Grow at 13% CAGR
The Sports Utility Vehicles (SUVs) market in the U.S. is estimated at 8.7 Million Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 13.1 Million Units by the year 2027 trailing a CAGR of 13% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 8.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.
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