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COVID-19 Pandemic Impact on Global Luxury SUV Market 2020-2024 | Technavio

·5-min read

Preference for safety and comfort will drive the market growth during the forecast period

The luxury SUV market is expected to register a CAGR of about 7% during 2020-2024, as per the latest research report by Technavio. The report offers detailed analysis about the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200831005357/en/

Technavio has announced its latest market research report titled Global Luxury SUV Market 2020-2024 (Graphic: Business Wire)

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on luxury SUV market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Consumer Discretionary Industry is anticipated to have Negative impact. The luxury SUV market will showcase Negative impact during 2020-2024.

Luxury SUV Market 2020-2024: Segmentation

Luxury SUV Market is segmented as below:

  • Type

    • Mid-size Luxury SUVs

    • Full-size Luxury SUVs

  • Geography

    • North America

    • APAC

    • Europe

    • South America

    • MEA

North America region will account for the highest incremental growth during the forecast period due to the rising production rate of electric luxury SUV models.

With the surging growth of COVID-19 pandemic, the Consumer Discretionary market is anticipated to have an Indirect impact during the forecast period. View market snapshot before purchasing

Rising production rate of electric luxury SUV models has been an instrumental factor in influencing the growth of the luxury SUV market. Other market drivers include rising preference for SUV model vehicles and rise in HNWI population. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

  • Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds

  • Pre- as well as post-COVID-19 market estimates

  • Quarterly impact analysis as the spread reaches a global level and updates on market estimates

Get more insights about the global trends impacting the future of luxury SUV market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43718

Luxury SUV Market 2020-2024: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corporation, Volkswagen AG, and Volvo Car Corp.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Mid-size luxury SUVs - Market size and forecast 2019-2024

  • Full-size luxury SUVs - Market size and forecast 2019-2024

  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

  • Volume drivers – Demand led growth

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • BMW AG

  • Daimler AG

  • Ford Motor Co.

  • General Motors Co.

  • Nissan Motor Co. Ltd.

  • Tata Motors Ltd.

  • Tesla Inc.

  • Toyota Motor Corporation

  • Volkswagen AG

  • Volvo Car Corp.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200831005357/en/

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/