Press release
Global Sport Utility Vehicle (SUV) Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
A SUV (Sports Utility Vehicle) is a type of suburban utility vehicle that is categorised as a light truck and is utilised as a family vehicle. It has higher ground clearance and rugged features. In order to be lighter and more fuel-efficient, SUVs are built on standard car chassis and have all four wheels turning simultaneously. It is divided into categories for diesel, petrol, and electric vehicles.
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North America is projected to have the highest CAGR over the forecast period, owing to continuing automotive modernisation programmes. It is anticipated that rising population auto expenditure would favourably affect the expansion of the SUV market. The main element fueling the expansion of the regional market is the significant concentration of HNWIs in nations like the US. Additionally, it is anticipated that throughout the forecast period, the popularity of high-end SUVs would help to further drive the expansion of the SUV market in North America.
Some of the key players profiled in the Sport Utility Vehicle (SUV) Market include Nissan Motor Co., Ltd, Toyota Motor Corporation, Tesla, BMW Group, Continental AG, Ford Motor Company, Honda Motor Co., Ltd, General Motors, Hyundai Motor Company, Volkswagen, Daimler and Renault.
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All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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