Global Sport Utility Vehicle (SUV) Market Size, Trends and Growth Opportunity, By Type (SUV-C, SUV-D, SUV-E, SUV-F), Fuel Type (Petrol, Diesel and Electric SUV), Size (Mini-SUV, Compact, Mid-Size, Full-Size, Extended-Length), Seating Capacity (5 Seater, 7 Seater, 8 and above Seater), Price Range (Medium, Premium), Application (Remote Areas, Recreation, Motorsport) By Region and forecast till 2027.
Global Sport Utility Vehicle (SUV) Market
Global Sport Utility Vehicle (SUV) Market was valued at USD 763.70 billion in 2021 and is slated to reach at USD 1221.90 billion by 2027 at a CAGR of 6.70% from 2022-2027.
A sports utility vehicle is a class of passenger car that combines the utility of a light-duty pickup truck with the ability to transport people and loads. Sports utility vehicles are classified according to how many people can fit in them, but for an automobile to be referred to as a sport utility vehicle, it must have at least five seats (SUV). They provide improved performance, comfort over extended distances, and four-wheel drive capabilities.
Market Drivers
The market's growth is anticipated to be accelerated by the spike in demand for luxury and heavy cars as well as the expansion of diesel-powered vehicles. Additionally, the increased focus of manufacturers to produce sports cars with security, safety, and infotainment systems as well as the rising awareness of the benefits and capabilities of these heavy and luxury vehicles, such as off-roading capabilities, greater comfort, and these benefits are contributing to the market's growth during the forecast period. The surge in demand for premium and heavy vehicles as well as the increase in diesel-powered vehicles are both expected to hasten the market's growth. In addition, manufacturers' increased emphasis on creating sports cars with security, safety, and infotainment systems as well as consumers' growing understanding of the advantages and capabilities of these large, luxurious vehicles, such as their increased comfort and off-roading prowess, are fostering the market's expansion during the forecast period.
Market Restraints
The primary issue limiting market expansion is an increase in fuel prices. Sport utility vehicle (SUV) use is rising, which is boosting demand for crude oil. SUVs are utility vehicles as a result, which means they use more fuel. The Energy Information Administration (EIA) reports that at the end of 2017, the price of crude oil had increased from US$ 50 per barrel in 2016 to US$ 60 per barrel. Thus, it is projected that the rising price of crude oil will have a negative effect on market expansion.
Impact of COVID-19
Customers who choose personal mobility over public transportation have boosted the ratio of first-time buyers and additional car purchases during the COVID-19 pandemic. The corporations contend that while July saw an increase in vehicle sales, the forecast for the holiday shopping season will be largely influenced by how the health issue plays out, as well as by the economy's underlying fundamentals. Before the epidemic, the automotive industry was struggling in many nations; now that the market is under lockdown, supply and demand have completely disappeared. Every country's auto sales will be impacted by the corona virus, which will also have an impact on the market for automotive sun visors. During the COVID-19 pandemic, customers who prefer personal mobility to public transportation have increased the percentage of first-time buyers and additional car sales. Although vehicle sales increased in July, the firms claim that the outlook for the upcoming holiday shopping season will be heavily influenced by how the health issue develops as well as by the underlying fundamentals of the economy. In many countries, the car sector was having trouble before the outbreak; now that the market is shut down, supply and demand have entirely vanished. The corona virus will have an effect on auto sales in every nation, which will also have an effect on the market for car sun visors.
Recent Developments
Suzuki Motor Company and Toyota Motor Corporation have stated their intentions to begin producing hybrid SUVs in 2022. The partnership affects Suzuki's capacity for small cars and Toyota's experience in electrification for increased EV adoption and joint EV production. Hence, this will eventually contribute to market expansion.
Honda Motor Co., Ltd. unveiled the ZR-V, an entirely new SUV, in 2022. The brand-new ZR-V features a beautiful and clever design that makes it suitable for urban settings. The first Honda sport utility vehicle (SUV) equipped with Sports e:HEV, which combines a 2.0-liter direct injection engine and an advanced 2-motor hybrid system, will be this hybrid version of the brand-new ZR-V. (e-CVT).
Toyota Motor Corporation and Suzuki Motor Company both intend to start manufacturing hybrid SUVs in 2022. In order to enhance EV adoption and jointly produce EVs, the cooperation has an impact on Suzuki's capability for compact cars and Toyota's experience with electrification. So, this will finally aid in market growth.
Market Segmentation
Global Sport Utility Vehicle (SUV) Market is segmented into By Type, Fuel Type, Size, Seating Capacity, Price Range, Application. By Type such as SUV-C, SUV-D, SUV-E, SUV-F. By Fuel Type such as Petrol, Diesel and Electric SUV. By Size such as Mini-SUV, Compact, Mid-Size, Full-Size, Extended-Length. By Seating Capacity such as 5 Seater, 7 Seater, 8 and above Seater. By Price Range such as Medium, Premium. By Application such as Remote Areas, Recreation, Motorsport. 
Regional Analysis
Global Sport Utility Vehicle (SUV) Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Due to the rising demand for high-end vehicles with added comfort features in this region, North America now holds a lion's share of the sport utility vehicle (SUV) market in terms of revenue growth and market share. Over the forecast period of 2022–2027, the Asia–Pacific is expected to experience the quickest rate of development. This is mostly due to significant financial investments made in R&D projects and the region's rising demand for autos.
Key Players
This report includes a list of numerous Key Players, namely Volkswagen AG (Germany), AB Volvo (Sweden), Honda Motor Co., Ltd. (Japan), General Motors (U.S.), AUDI AG (Germany), Kia Motors Corporation (South Korea), Groupe Renault (France), Hyundai Motor Company (South Korea), BYD Company Ltd. (China), Continental AG (Germany).
Market Taxonomy  
By Type
• SUV-C
• SUV-D
• SUV-E
• SUV-F
By Fuel Type
• Petrol
• Diesel
• Electric SUV
By Size
• Mini-SUV
• Compact
• Mid-Size
• Full-Size
• Extended-Length
By Seating Capacity
• 5 Seater
• 7 Seater
• 8 and above Seater
By Price Range
• Medium
• Premium
By Application
• Remote Areas
• Recreation
• Motorsport
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

Global Sport Utility Vehicle (SUV) Market
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 Sport Utility Vehicle (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 Sport Utility Vehicle (SUV) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Type
5.3 Global Sport Utility Vehicle (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 Sport Utility Vehicle (SUV) Market, By Fuel Type
6.1 Y-o-Y Growth Comparison, By Fuel Type
6.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Fuel Type
6.3 Global Sport Utility Vehicle (SUV) Market Size and Forecast, By Fuel Type
6.3.1 Petrol
6.3.2 Diesel
6.3.3 Electric SUV
7 Global Sport Utility Vehicle (SUV) Market, By Size
7.1 Y-o-Y Growth Comparison, By Size
7.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Size
7.3 Global Sport Utility Vehicle (SUV) Market Size and Forecast, By Size
7.3.1 Mini-SUV
7.3.2 Compact
7.3.3 Mid-Size
7.3.4 Full-Size
7.3.5 Extended-Length
8 Global Sport Utility Vehicle (SUV) Market, By Seating Capacity
8.1 Y-o-Y Growth Comparison, By Seating Capacity
8.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Seating Capacity
8.3 Global Sport Utility Vehicle (SUV) Market Size and Forecast, By Seating Capacity
8.3.1 5 Seater
8.3.2 7 Seater
8.3.3 8 and above Seater
9 Global Sport Utility Vehicle (SUV) Market, By Price Range
9.1 Y-o-Y Growth Comparison, By Price Range
9.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Price Range
9.3 Global Sport Utility Vehicle (SUV) Market Size and Forecast, By Price Range
9.3.1 Medium
9.3.2 Premium
10 Global Sport Utility Vehicle (SUV) Market, By Application
10.1 Y-o-Y Growth Comparison, By Application
10.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Application
10.3 Global Sport Utility Vehicle (SUV) Market Size and Forecast, By Application
10.3.1 Remote Areas
10.3.2 Recreation
10.3.3 Motorsport
11Global Sport Utility Vehicle (SUV) Market, By Region
11.1 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Region
11.2 Global Sport Utility Vehicle (SUV) Market Share Analysis, By Region
11.3 Global Sport Utility Vehicle (SUV) Market Size and Forecast, By Region
12 North America Sport Utility Vehicle (SUV) Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 North America Sport Utility Vehicle (SUV) Market Share Analysis, By Type
12.3 North America Sport Utility Vehicle (SUV) Market Size and Forecast, By Fuel Type
12.4 North America Sport Utility Vehicle (SUV) Market Size and Forecast, By Size
12.5 North America Sport Utility Vehicle (SUV) Market Size and Forecast, By Seating Capacity
12.6 North America Sport Utility Vehicle (SUV) Market Size and Forecast, By Price Range
12.7 North America Sport Utility Vehicle (SUV) Market Size and Forecast, By Application
12.8 North America Sport Utility Vehicle (SUV) Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe Sport Utility Vehicle (SUV) Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Europe Sport Utility Vehicle (SUV) Market, Share Analysis, By Type
13.3 Europe Sport Utility Vehicle (SUV) Market, Size and Forecast, By Fuel Type
13.4 Europe Sport Utility Vehicle (SUV) Market, Size and Forecast, By Seating Capacity
13.5 Europe Sport Utility Vehicle (SUV) Market, Size and Forecast, By Size
13.6 Europe Sport Utility Vehicle (SUV) Market, Size and Forecast, By Price Range
13.7 Europe Sport Utility Vehicle (SUV) Market, Size and Forecast, By Application
13.8 Europe Sport Utility Vehicle (SUV) Market, Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14Asia Pacific Sport Utility Vehicle (SUV) Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Asia Pacific Sport Utility Vehicle (SUV) Market, Share Analysis, By Type
14.3 Asia Pacific Sport Utility Vehicle (SUV) Market, Size and Forecast, By Fuel Type
14.4 Asia Pacific Sport Utility Vehicle (SUV) Market, Size and Forecast, By Seating Capacity
14.5 Asia Pacific Sport Utility Vehicle (SUV) Market, Size and Forecast, By Size
14.6 Asia Pacific Sport Utility Vehicle (SUV) Market, Size and Forecast, By Price Range
14.7Asia Pacific Sport Utility Vehicle (SUV) Market, Size and Forecast, By Application
14.8 Asia Pacific Sport Utility Vehicle (SUV) Market, Size and Forecast, By Country
14.8.1 China 
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15Latin America Sport Utility Vehicle (SUV) Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Latin America Sport Utility Vehicle (SUV) Market, Share Analysis, By Type
15.3 Latin America Sport Utility Vehicle (SUV) Market, Size and Forecast, By Fuel Type
15.4 Latin America Sport Utility Vehicle (SUV) Market, Size and Forecast, By Seating Capacity
15.5 Latin America Sport Utility Vehicle (SUV) Market, Size and Forecast, By Size
15.6 Latin America Sport Utility Vehicle (SUV) Market, Size and Forecast, By Price Range
15.7 Latin America Sport Utility Vehicle (SUV) Market, Size and Forecast, By Application
15.8 Latin America Sport Utility Vehicle (SUV) Market, Size and Forecast, Country
15.8.1. Brazil
15.8.2.Rest of Latin America
16Middle East Sport Utility Vehicle (SUV) Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 Middle East Sport Utility Vehicle (SUV) Market, Share Analysis, By Type
16.3 Middle East Sport Utility Vehicle (SUV) Market, Size and Forecast, By Fuel Type
16.4 Middle East Sport Utility Vehicle (SUV) Market, Size and Forecast, By Seating Capacity
16.5 Middle East Sport Utility Vehicle (SUV) Market, Size and Forecast, By Size
16.6 Middle East Sport Utility Vehicle (SUV) Market, Size and Forecast, By Price Range
16.7 Middle East Sport Utility Vehicle (SUV) Market, Size and Forecast, By Application
16.8 Middle East Sport Utility Vehicle (SUV) Market, Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Volkswagen AG (Germany)
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 AB Volvo (Sweden)
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 Honda Motor Co., Ltd. (Japan)
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 General Motors (U.S.)
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 AUDI AG (Germany)
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 Kia Motors Corporation (South Korea)
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Groupe Renault (France)
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies 
18.8 Hyundai Motor Company (South Korea)
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 BYD Company Ltd. (China)
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Continental AG (Germany)
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies