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Global SUV Market Size, By Type (SUV-C, SUV-D, SUV-E, SUV-F), By Propulsion (Petrol, Diesel, Gasoline, Electric), By EV Type (BEV, PHEV, FCEV), By Size (Mini-SUV, Compact, Mid-Size, Full-Size, Extended-Length (Extended-Length (MPV/MUV)), By Seating Capacity (5-Seater, 7-Seater, 8 and above Seater), By Price Range (Medium, Premium), By Class (Class B, Class C, Class D, Class E) By Application (Remote Areas, Recreation, Motorsport), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.


Report ID : IR100465 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 121

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  • Global SUV Market Size, By Type (SUV-C, SUV-D, SUV-E, SUV-F), By Propulsion (Petrol, Diesel, Gasoline, Electric), By EV Type (BEV, PHEV, FCEV), By Size (Mini-SUV, Compact, Mid-Size, Full-Size, Extended-Length (Extended-Length (MPV/MUV)), By Seating Capacity (5-Seater, 7-Seater, 8 and above Seater), By Price Range (Medium, Premium), By Class (Class B, Class C, Class D, Class E) By Application (Remote Areas, Recreation, Motorsport), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
    Global SUV Market 
    Global SUV Market was valued at USD 827 billion in 2021 and is expected to reach 1,221.7 billion by 2027, at a CAGR 5.11% from 2022-2027.
    SUV (Sports Utility Vehicle) is defined as a kind of a passenger vehicle or suburban utility vehicle classified as a light truck, but used as a family vehicle. It is featured with roughness and raised ground clearance. This vehicle is meant for rough roads and is commonly used on highways and streets. The SUV also features a high seating position, tall interior packaging, upright build body, and includes the towing capacity of a pickup truck.
    An SUV is a kind of vehicle in which all the 4 wheels work at the same time, based on regular automotive platforms for lighter weight and better fuel efficiency. It is segmented to diesel cars, petrol cars, and electric cars.
    Market Drivers
    The major factors leading to the increasing growth of the SUV market is the need for premium vehicles in the advanced nations and the rise in acceptance for SUV. The surge in purchasing power of the population in developed and developing countries drives the market further.
    Furthermore, the rise in technological advancements, such as real-time information solutions, and integrating advanced systems with the Internet of Things, accelerates market growth.
    Market Restraints
    On the other hand, high and increasing cost of the vehicles, unstable preference towards the electric vehicles, and low fuel efficiency, are expected to obstruct the market growth. 
    Also, constant maintenance expenses and high insurance rates are projected to challenge the sport utility vehicle market in the forecast period of 2027.
    Market Segmentation
    The Global SUV Market is segmented into type, propulsion, fuel type, size, seating capacity, price range, class, and application.
    The market of SUV is majorly driven by the rising demand for heavy passenger vehicles in SUVs segments.
    Regional Analysis
    The Global SUV Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
    The North American region dominates the sport utility vehicle (SUV) market because of the high purchase of SUVs within the region.
    The Asia-Pacific (APAC) region is projected to witness significant growth during the forecast period of 2027 due to the region's high investments in research and development activities.
    Key Players
    Various key players are discussed into the Global SUV Market Report including: Toyota Motor Corporation, Honda Motor Co., Ltd, Hyundai Motor Company, General Motors, Ford Motor Company, Stellantis, Daimler AG, Volkswagen AG, Nissan Motor Co., Ltd, BMW Group, Tesla, AB Volvo, Continental AG, and others.
    Market Taxonomy
    By Type

    •        SUV-C
    •        SUV-D
    •        SUV-E
    •        SUV-F
    By Propulsion
    •        Petrol
    •        Diesel
    •        Gasoline
    •        Electric
    By EV Type
    •        BEV
    •        PHEV
    •        FCEV
    By Size
    •        Mini-SUV
    •        Compact
    •        Mid-Size
    •        Full-Size 
    •        Extended-Length (MPV/MUV)
    By Seating Capacity
    •        5-Seater
    •        7-Seater
    •        8 and above Seater
    By Price Range
    •        Medium
    •        Premium
    By Class
    •        Class B
    •        Class C
    •        Class D
    •        Class E

    By Application
    •        Remote Areas
    •        Recreation
    •        Motorsport
    By Region
    •        North America
    •        Latin America
    •        Europe
    •        Asia Pacific
    •        Middle East & Africa

    Global SUV Market TOC:
    1 Introduction        
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global SUV Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global SUV Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global SUV Market Share Analysis, By Type
    5.3 Global SUV Market Size and Forecast, By Type
    5.3.1 SUV-C
    5.3.2 SUV-D
    5.3.3 SUV-E
    5.3.4 SUV-F
    6 Global SUV Market, By Propulsion
    6.1 Y-o-Y Growth Comparison, By Propulsion
    6.2 Global SUV Market Share Analysis, By Propulsion
    6.3 Global SUV Market Size and Forecast, By Propulsion
    6.3.1 Petrol
    6.3.2 Diesel
    6.3.3 Gasoline
    6.3.4 Electric
    7 Global SUV Market, By EV Type
    7.1 Y-o-Y Growth Comparison, By EV Type
    7.2 Global SUV Market Share Analysis, By EV Type
    7.3 Global SUV Market Size and Forecast, By EV Type
    7.3.1 BEV
    7.3.2 PHEV
    7.3.3 FCEV
    8 Global SUV Market, By Size
    8.1 Y-o-Y Growth Comparison, By Size
    8.2 Global SUV Market Share Analysis, By Size
    8.3 Global SUV Market Size and Forecast, By Size
    8.3.1 Mini-SUV
    8.3.2 Compact
    8.3.3 Mid-Size
    8.3.4 Mid-Size
    8.3.5 Mid-SizeExtended-Length (MPV/MUV)
    9 Global SUV Market, By Seating Capacity
    9.1 Y-o-Y Growth Comparison, By Seating Capacity
    9.2 Global SUV Market Share Analysis, By Seating Capacity
    9.3 Global SUV Market Size and Forecast, By Seating Capacity
    9.3.1 5-Seater
    9.3.2 7-Seater
    9.3.2 8 and above Seater
    10 Global SUV Market, By Price Range
    10.1 Y-o-Y Growth Comparison, By Price Range
    10.2 Global SUV Market Share Analysis, By Price Range
    10.3 Global SUV Market Size and Forecast, By Price Range
    10.3.1 Medium
    10.3.2 Premium
    11 Global SUV Market, By Class
    11.1 Y-o-Y Growth Comparison, By Class
    11.2 Global SUV Market Share Analysis, By Class
    11.3 Global SUV Market Size and Forecast, By Class
    11.3.1 Class B
    11.3.2 Class C
    11.3.3 Class D
    11.3.4 Class E
    12 Global SUV Market, By Application
    12.1 Y-o-Y Growth Comparison, By Application
    12.2 Global SUV Market Share Analysis, By Application
    12.3 Global SUV Market Size and Forecast, By Application
    12.3.1 Remote Areas
    12.3.2 Recreation
    12.3.3 Motorsport
    13 Global SUV Market, By Region
    13.1 Global SUV Market Share Analysis, By Region
    13.2 Global SUV Market Share Analysis, By Region
    13.3 Global SUV Market Size and Forecast, By Region
    14 North America SUV Market Analysis and Forecast (2022-2027)
    14.1 Introduction
    14.2 North America SUV Market Share Analysis, By Type
    14.3 North America SUV Market Size and Forecast, By Propulsion
    14.4 North America SUV Market Size and Forecast, By EV Type
    14.5 North America SUV Market Size and Forecast, By Size
    14.6 North America SUV Market Size and Forecast, By Seating Capacity
    14.7 North America SUV Market Size and Forecast, By Price Range
    14.8 North America SUV Market Size and Forecast, By Class
    14.9 North America SUV Market Size and Forecast, By Application
    14.10 North America SUV Market Size and Forecast, By Country
    14.10.1 U.S.
    14.10.2 Canada
    14.10.3 Mexico
    15 Europe SUV Market Analysis and Forecast (2022-2027)
    15.1 Introduction
    15.2 Europe SUV Market Share Analysis, By Type
    15.3 Europe SUV Market Share Analysis, By Propulsion
    15.4 Europe SUV Market Size and Forecast, By EV Type
    15.5 Europe SUV Market Size and Forecast, By Size
    15.6 Europe SUV Market Size and Forecast, By Seating Capacity
    15.7 Europe SUV Market Size and Forecast, By Price Range
    15.8 Europe SUV Market Size and Forecast, By Class
    15.9 Europe SUV Market Size and Forecast, By Application
    15.10 Europe SUV Market Size and Forecast, By Country
    15.10.1 Germany
    15.10.2 France
    15.10.3 UK
    15.10.4 Rest of Europe
    16 Asia Pacific SUV Market Analysis and Forecast (2022-2027)
    16.1 Introduction
    16.2 Asia Pacific SUV Market Share Analysis, By Type
    16.3 Asia Pacific SUV Market Size and Forecast, By Propulsion
    16.4 Asia Pacific SUV Market Size and Forecast, By EV Type
    16.5 Asia Pacific SUV Market Size and Forecast, By Size
    16.6 Asia Pacific SUV Market Size and Forecast, By Seating Capacity
    16.7 Asia Pacific SUV Market Size and Forecast, By Price Range
    16.8 Asia Pacific SUV Market Size and Forecast, By Class
    16.9 Asia Pacific SUV Market Size and Forecast, By Application
    16.10 Asia Pacific SUV Market Size and Forecast, By Country
    16.10.1 China        
    16.10.2 Japan
    16.10.3 India
    16.10.4 Rest of Asia Pacific
    17 Latin America SUV Market Analysis and Forecast (2022-227)
    17.1 Introduction
    17.2 Latin America SUV Market Share Analysis, By Type
    17.3 Latin America SUV Market Size and Forecast, By Propulsion
    17.4 Latin America SUV Market Size and Forecast, By EV Type
    17.5 Latin America SUV Market Size and Forecast, By Size
    17.6 Latin America SUV Market Size and Forecast, By Seating Capacity
    17.7 Latin America SUV Market Size and Forecast, By Price Range
    17.8 Latin America SUV Market Size and Forecast, By Class
    17.9 Latin America SUV Market Size and Forecast, By Application
    17.10 Latin America SUV Market Size and Forecast, Country
    17.10.1 Brazil
    17.10.2 Rest of Latin America
    18 Middle East SUV Market Analysis and Forecast (2022-2027)
    18.1 Introduction
    18.2 Middle East SUV Market Share Analysis, By Type
    18.3 Middle East SUV Market Size and Forecast, By Propulsion
    18.4 Middle East SUV Market Size and Forecast, By EV Type
    18.5 Middle East SUV Market Size and Forecast, By Size
    18.6 Middle East SUV Market Size and Forecast, By Seating Capacity
    18.7 Middle East SUV Market Size and Forecast, By Price Range
    18.8 Middle East SUV Market Size and Forecast, By Class
    18.9 Middle East SUV Market Size and Forecast, By Application
    18.10 Middle East SUV Market Size and Forecast, By Country
    18.10.1 Saudi Arabia
    18.10.2 UAE
    18.10.3 Egypt
    18.10.4 Kuwait
    18.10.5 South Africa
    19 Competitive Analysis
    19.1 Competition Dashboard
    19.2 Market share Analysis of Top Vendors
    19.3 Key Development Strategies
    20 Company Profiles
    20.1 Toyota Motor Corporation
    20.1.1 Overview
    20.1.2 Offerings
    20.1.3 Key Financials
    20.1.4 Business Segment & Geographic Overview
    20.1.5 Key Market Developments
    20.1.6 Key Strategies
    20.2 Honda Motor Co., Ltd
    20.2.1 Overview
    20.2.2 Offerings
    20.2.3 Key Financials
    20.2.4 Business Segment & Geographic Overview
    20.2.5 Key Market Developments
    20.2.6 Key Strategies
    20.3 Hyundai Motor Company
    20.3.1 Overview
    20.3.2 Offerings
    20.3.3 Key Financials
    20.3.4 Business Segment & Geographic Overview
    20.3.5 Key Market Developments
    20.3.6 Key Strategies
    20.4 General Motors
    20.4.1 Overview
    20.4.2 Offerings
    20.4.3 Key Financials
    20.4.4 Business Segment & Geographic Overview
    20.4.5 Key Market Developments
    20.4.6 Key Strategies
    20.5 Ford Motor Company
    20.5.1 Overview
    20.5.2 Offerings
    20.5.3 Key Financials
    20.5.4 Business Segment & Geographic Overview
    20.5.5 Key Market Developments
    20.5.6 Key Strategies
    20.6 Stellantis
    20.6.1 Overview
    20.6.2 Offerings
    20.6.3 Key Financials
    20.6.4 Business Segment & Geographic Overview
    20.6.5 Key Market Developments
    20.6.6 Key Strategies
    20.7 Daimler AG
    20.7.1 Overview
    20.7.2 Offerings
    20.7.3 Key Financials
    20.7.4 Business Segment & Geographic Overview
    20.7.5 Key Market Developments
    20.7.6 Key Strategies        
    20.8 Volkswagen AG
    20.8.1 Overview
    20.8.2 Offerings
    20.8.3 Key Financials
    20.8.4 Business Segment & Geographic Overview
    20.8.5 Key Market Developments
    20.8.6 Key Strategies
    20.9 Nissan Motor Co., Ltd
    20.9.1 Overview
    20.9.2 Offerings
    20.9.3 Key Financials
    20.9.4 Business Segment & Geographic Overview
    20.9.5 Key Market Developments
    20.9.6 Key Strategies
    20.10 BMW Group
    20.10.1 Overview
    20.10.2 Offerings
    20.10.3 Key Financials
    20.10.4 Business Segment & Geographic Overview
    20.10.5 Key Market Developments
    20.10.6 Key Strategies