Articles
Global SUV Market 2023 Forecast
by Anamika Singhal SEO - Executive (Automotive) Around 26.68 million units of SUVs were sold in the global automobile market in 2017, and this volume is projected to reach 50.95 million units by 2023, exhibiting a CAGR of 11.7%. Growth in the global SUV market is anticipated to be driven by increasing consumer inclination towards compact SUVs, rising consumer demand for a car that is comfortable and can perform the occasional off-roading, and growing adoption of hybrid and electric SUVs. Moreover, increasing investments by leading auto manufacturers such as Jeep, Toyota, Honda, etc., in their SUV product lines is expected to positively influence the global SUV market in the coming years.- To analyze and forecast the global SUV market size.
- To classify and forecast the global SUV market based on length, engine capacity and fuel type.
- To scrutinize the detailed market segmentation and forecast the market size, in terms of volume, on the basis of region by segmenting the global SUV market into five regions, namely, North America, Europe, Asia-Pacific, Middle East & Africa and South America.
- To identify drivers and challenges for the global SUV market.
To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of SUV dealers operating across the globe. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all the major SUV suppliers across the globe.
Report Scope:
In this report, the global SUV market has been segmented into following categories, in addition to the industry trends, which have also been detailed below:
- Market, by Length
- Market, by Engine Capacity
- Market, by Fuel Type
- Market, by Region
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
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About Anamika Singhal 
SEO - Executive (Automotive)
52 connections, 2 recommendations, 192 honor points.Joined APSense since, June 22nd, 2018, From Delhi, India.
Created on Feb 28th 2019 03:46. Viewed 519 times.
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