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Sports Utility Vehicle Market Report by Type (SUV-C, SUV-D, SUV-E, SUV-F), Fuel Type (Diesel, Petrol, Electric, and Others), Seating Capacity (5-Seater, 7-Seater, 8-Seater and Above), and Region 2024-2032
Market Report I 2024-07-01 I 143 Pages I IMARC Group
The global sports utility vehicle market size reached US$ 826.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,234.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. Significant growth in the automotive industry, extensive research and development (R&D) activities, and rapid technological advancements represent some of the key factors driving the market.
The sports utility vehicle (SUV) is a kind of passenger vehicle that combines load-hauling and passenger-carrying abilities. They are designed with an engine compartment, an approximately square cross-section, and a combined cargo and passenger compartment. They are ideal for long road trips as they can accommodate several passengers and off-roading as they are built to handle rugged terrain and challenging conditions. SUVs offer enhanced capabilities, power, performance, cargo room, functionality, luxury, safety, and versatility. As compared to traditional cars, SUVs have a higher ride height, larger wheels, and more ground clearance, which makes them better suited for navigating rough terrain and uneven roads.
Sports Utility Vehicle Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors driving the market growth. In line with this, the increasing demand for performance and versatility in automobiles, along with the need for luxuriant personal mobility, is acting as another growth-inducing factor. Moreover, the widespread adoption of SUVs over traditional sedans and other vehicles due to their spacious interiors, off-road capabilities, and higher ride height is favoring the market growth. Apart from this, the automakers are investing in electric and hybrid SUVs due to their lower emissions, improved fuel efficiency, and lower operating costs, which in turn are propelling the market growth. Additionally, the integration of SUVs with advanced connectivity and infotainment systems, including touchscreen displays, wireless charging, and smartphones, is providing an impetus to the market growth. Furthermore, automakers are extensively using lightweight materials, such as aluminum and carbon fiber, to reduce the weight of SUVs, which improves fuel efficiency and handling, making them more efficient and easier to drive, which in turn is positively influencing the market growth. Besides this, the rising demand for luxury SUVs that offer a high level of comfort and convenience, with premium features, advanced safety features, spacious interiors, advanced technology, and off-road capabilities, is driving the market growth. Other factors, including shifting consumer preference from sedans to SUVs, rising expenditure capacities of consumers, growing demand for eco-friendly vehicles, continual technological innovations, including the integration of vehicles with artificial intelligence (AI), hands-free connectivity, and global positioning systems (GPS), and the implementation of various government initiatives to encourage automakers to develop more fuel-efficient and eco-friendly vehicles are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global sports utility vehicle market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, fuel type, and seating capacity.
Type Insights:
SUV-C
SUV-D
SUV-E
SUV-F
The report has provided a detailed breakup and analysis of the sports utility vehicle market based on the type. This includes SUV-C, D, E, and F.
Fuel Type Insights:
Diesel
Petrol
Electric
Others
A detailed breakup and analysis of the sports utility vehicle market based on the fuel type has also been provided in the report. This includes diesel, petrol, electric and others. According to the report, diesel accounted for the largest market share.
Seating Capacity Insights:
5-Seater
7-Seater
8-Seater and Above
The report has provided a detailed breakup and analysis of the sports utility vehicle market based on seating capacity. This includes 5, 7, and 8 and above seaters.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for sports utility vehicle. Some of the factors driving the North America sports utility vehicle market included the significant growth in the automotive industry, the implementation of various government initiatives, and extensive research and development (R&D) activities.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global sports utility vehicle market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Bayerische Motoren Werke AG, Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Company, Mahindra & Mahindra Limited, Maruti Suzuki India Limited (Suzuki Motor Corporation), Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., Toyota Motor Corporation, Volkswagen AG, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global sports utility vehicle market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global sports utility vehicle market?
What is the impact of each driver, restraint, and opportunity on the global sports utility vehicle market?
What are the key regional markets?
Which countries represent the most attractive sports utility vehicle market?
What is the breakup of the market based on the type?
Which is the most attractive type in the sports utility vehicle market?
What is the breakup of the market based on the fuel type?
Which is the most attractive fuel type in the sports utility vehicle market?
What is the breakup of the market based on seating capacity?
Which is the most attractive seating capacity in the sports utility vehicle market?
What is the competitive structure of the global sports utility vehicle market?
Who are the key players/companies in the global sports utility vehicle market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Sports Utility Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 SUV-C
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 SUV-D
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 SUV-E
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 SUV-F
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Fuel Type
7.1 Diesel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Petrol
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Electric
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Seating Capacity
8.1 5-Seater
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 7-Seater
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 8-Seater and Above
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bayerische Motoren Werke AG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Ford Motor Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 General Motors Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Honda Motor Co. Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Hyundai Motor Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Mahindra & Mahindra Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Maruti Suzuki India Limited (Suzuki Motor Corporation)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Mitsubishi Motors Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Nissan Motor Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Toyota Motor Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Volkswagen AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
Figure 1: Global: Sports Utility Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Sports Utility Vehicle Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Sports Utility Vehicle Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Sports Utility Vehicle Market: Breakup by Type (in %), 2023
Figure 5: Global: Sports Utility Vehicle Market: Breakup by Fuel Type (in %), 2023
Figure 6: Global: Sports Utility Vehicle Market: Breakup by Seating Capacity (in %), 2023
Figure 7: Global: Sports Utility Vehicle Market: Breakup by Region (in %), 2023
Figure 8: Global: Sports Utility Vehicle (SUV-C) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Sports Utility Vehicle (SUV-C) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Sports Utility Vehicle (SUV-D) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Sports Utility Vehicle (SUV-D) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Sports Utility Vehicle (SUV-E) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Sports Utility Vehicle (SUV-E) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Sports Utility Vehicle (SUV-F) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Sports Utility Vehicle (SUV-F) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Sports Utility Vehicle (Diesel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Sports Utility Vehicle (Diesel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Sports Utility Vehicle (Petrol) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Sports Utility Vehicle (Petrol) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Sports Utility Vehicle (Electric) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Sports Utility Vehicle (Electric) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Sports Utility Vehicle (Other Fuel Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Sports Utility Vehicle (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Sports Utility Vehicle (5-Seater) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Sports Utility Vehicle (5-Seater) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Sports Utility Vehicle (7-Seater) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Sports Utility Vehicle (7-Seater) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Sports Utility Vehicle (8-Seater and Above) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Sports Utility Vehicle (8-Seater and Above) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: North America: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: North America: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: United States: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: United States: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Canada: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Canada: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Asia-Pacific: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Asia-Pacific: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: China: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: China: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Japan: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Japan: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: India: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: India: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: South Korea: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: South Korea: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Australia: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Australia: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Indonesia: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Indonesia: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Others: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Others: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Europe: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Europe: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Germany: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Germany: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: France: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: France: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: United Kingdom: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: United Kingdom: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Italy: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Italy: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Spain: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Spain: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Russia: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Russia: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Latin America: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Latin America: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Brazil: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Brazil: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Mexico: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Mexico: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Others: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Others: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Middle East and Africa: Sports Utility Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Middle East and Africa: Sports Utility Vehicle Market: Breakup by Country (in %), 2023
Figure 78: Middle East and Africa: Sports Utility Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Global: Sports Utility Vehicle Industry: Drivers, Restraints, and Opportunities
Figure 80: Global: Sports Utility Vehicle Industry: Value Chain Analysis
Figure 81: Global: Sports Utility Vehicle Industry: Porter's Five Forces Analysis
Table 1: Global: Sports Utility Vehicle Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Sports Utility Vehicle Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Sports Utility Vehicle Market Forecast: Breakup by Fuel Type (in Million US$), 2024-2032
Table 4: Global: Sports Utility Vehicle Market Forecast: Breakup by Seating Capacity (in Million US$), 2024-2032
Table 5: Global: Sports Utility Vehicle Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Sports Utility Vehicle Market: Competitive Structure
Table 7: Global: Sports Utility Vehicle Market: Key Players
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