The global SUV and sub-compact SUV market, by production, is projected to grow at a CAGR of 5.36%, to reach 30.2 million units by 2020. Meanwhile, the global SUV and sub-compact SUV market, in terms of sales, is projected to grow at a CAGR of 5.67%, to reach 23.4 million units by 2020
This SUV Market report represents the revenue opportunities in the market through to 2020, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Study on SUV Market highlights key players such as Ford Motor Company (the U.S.), Toyota Corporation (Japan), Honda Motor Company (Japan), Hyundai Motor Company (South Korea), and General Motors (the U.S.).
Major factors driving market growth include improving economic conditions in North America and high demand for SUVs in the emerging markets of Asia-Oceania.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
- By Company Type – OEM -42%, Tier-1 - 32%, and Others - 26%
- By Designation - C level - 40%, D level - 29%, and Others - 31%
- By Region - North America - 38%, Europe - 22%, and Asia-Oceania - 30%, RoW - 10%
The MUV market, in terms of production, is projected to grow at the highest CAGR during the forecast period. Strong demand from markets such as India and Japan has prompted automakers to expand MPV production.
The market for crossovers, in terms of sales, is projected to grow the highest during the forecast period. Consumers are inclined towards crossovers due to the benefits they offer over full-sized SUVs, such a slow cost, higher seating arrangement, and easy maneuverability in urban areas due to their modified structure.
The North American region is estimated to grow at the fastest CAGR. Sales in this region are propelled by improving economic circumstances in the U.S.
OEMs base their market sales expectations on economic variables such as low unemployment, increasing wages, rising inflation, and inward flow in capital movement. The low Federal Reserve Bank rate in the U.S.
for the past eight years has enabled the automotive industry to regain its pre-crises growth levels.
Key Points From Table Of Content:
2 Research Methodology
3 Executive Summary
4 SUV & Subcompact SUV Market Roadmap & Competitive Benchmarking, By Region
5 SUV & Sub-Compact SUV Trends By Safety Features
6 Market Sizing & Analysis
Complete report on SUV Market is now available at www.rnrmarketresearch.com/suv-mark…arket-report.html
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