Global Luxury Suv Market Size & Outlook, 2023-2030
The luxury suv industry worldwide is expected to reach a projected revenue of US$ 546,914.3 million by 2030. A compound annual growth rate of 18% is expected of the worldwide luxury suv industry from 2024 to 2030.
Revenue, 2023 (US$M)
$171,879.1
Forecast, 2030 (US$M)
$546,914.3
CAGR, 2024 - 2030
18%
Report Coverage
Worldwide
Global luxury suv market, 2018-2030 (US$M)
Global luxury suv market highlights
- The global luxury suv market generated a revenue of USD 171,879.1 million in 2023 and is expected to reach USD 546,914.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18% by 2030.
- In terms of segment, compact accounted for a revenue of USD 171,879.1 million in 2023.
- Compact is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 171,879.1 million |
| Market revenue in 2030 | USD 546,914.3 million |
| Growth rate | 18% (CAGR from 2024 to 2030) |
| Largest segment | Compact |
| Fastest growing segment | Compact |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Compact |
Other key industry trends
- In terms of revenue, the North America accounted for 8.6% of the global luxury suv market in 2023.
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Luxury SUV Market Scope
Luxury suv market segmentation & scope
Propulsion Type
ICE
Electric
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
China
India
Japan
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Luxury SUV Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global luxury suv market size, by regions, 2018-2030 (US$M)
Related industry reports
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