PUBLISHER: IMARC | PRODUCT CODE: 1298768
PUBLISHER: IMARC | PRODUCT CODE: 1298768
Sports Utility Vehicle Market by Type (SUV-C, SUV-D, SUV-E, SUV-F), Fuel Type (Diesel, Petrol, Electric, and Others), Seating Capacity (5-Seater, 7-Seater, 8-Seater and Above), and Region 2023-2028
The global sports utility vehicle market size reached US$ 771.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,109.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.50% during 2023-2028. Significant growth in the automotive industry, extensive research and development (R&D) activities, and rapid technological advancements represent some of the key factors driving the market.
The sports utility vehicle (SUV) is a kind of passenger vehicle that combines load-hauling and passenger-carrying abilities. They are designed with an engine compartment, an approximately square cross-section, and a combined cargo and passenger compartment. They are ideal for long road trips as they can accommodate several passengers and off-roading as they are built to handle rugged terrain and challenging conditions. SUVs offer enhanced capabilities, power, performance, cargo room, functionality, luxury, safety, and versatility. As compared to traditional cars, SUVs have a higher ride height, larger wheels, and more ground clearance, which makes them better suited for navigating rough terrain and uneven roads.
Sports Utility Vehicle Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors driving the market growth. In line with this, the increasing demand for performance and versatility in automobiles, along with the need for luxuriant personal mobility, is acting as another growth-inducing factor. Moreover, the widespread adoption of SUVs over traditional sedans and other vehicles due to their spacious interiors, off-road capabilities, and higher ride height is favoring the market growth. Apart from this, the automakers are investing in electric and hybrid SUVs due to their lower emissions, improved fuel efficiency, and lower operating costs, which in turn are propelling the market growth. Additionally, the integration of SUVs with advanced connectivity and infotainment systems, including touchscreen displays, wireless charging, and smartphones, is providing an impetus to the market growth. Furthermore, automakers are extensively using lightweight materials, such as aluminum and carbon fiber, to reduce the weight of SUVs, which improves fuel efficiency and handling, making them more efficient and easier to drive, which in turn is positively influencing the market growth. Besides this, the rising demand for luxury SUVs that offer a high level of comfort and convenience, with premium features, advanced safety features, spacious interiors, advanced technology, and off-road capabilities, is driving the market growth. Other factors, including shifting consumer preference from sedans to SUVs, rising expenditure capacities of consumers, growing demand for eco-friendly vehicles, continual technological innovations, including the integration of vehicles with artificial intelligence (AI), hands-free connectivity, and global positioning systems (GPS), and the implementation of various government initiatives to encourage automakers to develop more fuel-efficient and eco-friendly vehicles are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global sports utility vehicle market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, fuel type, and seating capacity.
Type Insights:
SUV-C
SUV-D
SUV-E
SUV-F
The report has provided a detailed breakup and analysis of the sports utility vehicle market based on the type. This includes SUV-C, D, E, and F.
Fuel Type Insights:
Diesel
Petrol
Electric
Others
A detailed breakup and analysis of the sports utility vehicle market based on the fuel type has also been provided in the report. This includes diesel, petrol, electric and others. According to the report, diesel accounted for the largest market share.
Seating Capacity Insights:
5-Seater
7-Seater
8-Seater and Above
The report has provided a detailed breakup and analysis of the sports utility vehicle market based on seating capacity. This includes 5, 7, and 8 and above seaters.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for sports utility vehicle. Some of the factors driving the North America sports utility vehicle market included the significant growth in the automotive industry, the implementation of various government initiatives, and extensive research and development (R&D) activities.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global sports utility vehicle market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Bayerische Motoren Werke AG, Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Company, Mahindra & Mahindra Limited, Maruti Suzuki India Limited (Suzuki Motor Corporation), Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., Toyota Motor Corporation, Volkswagen AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global sports utility vehicle market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global sports utility vehicle market?
- What is the impact of each driver, restraint, and opportunity on the global sports utility vehicle market?
- What are the key regional markets?
- Which countries represent the most attractive sports utility vehicle market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the sports utility vehicle market?
- What is the breakup of the market based on the fuel type?
- Which is the most attractive fuel type in the sports utility vehicle market?
- What is the breakup of the market based on seating capacity?
- Which is the most attractive seating capacity in the sports utility vehicle market?
- What is the competitive structure of the global sports utility vehicle market?
- Who are the key players/companies in the global sports utility vehicle market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Sports Utility Vehicle Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 SUV-C
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 SUV-D
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 SUV-E
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 SUV-F
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Fuel Type
- 7.1 Diesel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Petrol
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electric
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Seating Capacity
- 8.1 5-Seater
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 7-Seater
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 8-Seater and Above
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Bayerische Motoren Werke AG
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Ford Motor Company
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 General Motors Company
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Honda Motor Co. Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Hyundai Motor Company
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Mahindra & Mahindra Limited
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Maruti Suzuki India Limited (Suzuki Motor Corporation)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Mitsubishi Motors Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Nissan Motor Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Toyota Motor Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Volkswagen AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.1 Bayerische Motoren Werke AG
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Sports Utility Vehicle Market: Major Drivers and Challenges
- Figure 2: Global: Sports Utility Vehicle Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Sports Utility Vehicle Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Sports Utility Vehicle Market: Breakup by Type (in %), 2022
- Figure 5: Global: Sports Utility Vehicle Market: Breakup by Fuel Type (in %), 2022
- Figure 6: Global: Sports Utility Vehicle Market: Breakup by Seating Capacity (in %), 2022
- Figure 7: Global: Sports Utility Vehicle Market: Breakup by Region (in %), 2022
- Figure 8: Global: Sports Utility Vehicle (SUV-C) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Sports Utility Vehicle (SUV-C) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Sports Utility Vehicle (SUV-D) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Sports Utility Vehicle (SUV-D) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Sports Utility Vehicle (SUV-E) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Sports Utility Vehicle (SUV-E) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Sports Utility Vehicle (SUV-F) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Sports Utility Vehicle (SUV-F) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Sports Utility Vehicle (Diesel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Sports Utility Vehicle (Diesel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Sports Utility Vehicle (Petrol) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Sports Utility Vehicle (Petrol) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Sports Utility Vehicle (Electric) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Sports Utility Vehicle (Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Sports Utility Vehicle (Other Fuel Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Sports Utility Vehicle (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Sports Utility Vehicle (5-Seater) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Sports Utility Vehicle (5-Seater) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Sports Utility Vehicle (7-Seater) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Sports Utility Vehicle (7-Seater) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Sports Utility Vehicle (8-Seater and Above) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Sports Utility Vehicle (8-Seater and Above) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Sports Utility Vehicle Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Sports Utility Vehicle Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Sports Utility Vehicle Industry: Drivers, Restraints, and Opportunities
- Figure 80: Global: Sports Utility Vehicle Industry: Value Chain Analysis
- Figure 81: Global: Sports Utility Vehicle Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Sports Utility Vehicle Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Sports Utility Vehicle Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Sports Utility Vehicle Market Forecast: Breakup by Fuel Type (in Million US$), 2023-2028
- Table 4: Global: Sports Utility Vehicle Market Forecast: Breakup by Seating Capacity (in Million US$), 2023-2028
- Table 5: Global: Sports Utility Vehicle Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Sports Utility Vehicle Market: Competitive Structure
- Table 7: Global: Sports Utility Vehicle Market: Key Players
