Global Luxury Suv Market Size & Outlook, 2023-2030
The global luxury suv market size was estimated at USD 171,879.1 million in 2023 and is projected to reach USD 546,914.3 million by 2030, growing at a CAGR of 18% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Isuzu Motors | View profile | 251-500 | Anaheim, California, United States, North America | http://www.isuzu.com/ |
| Aston Martin | View profile | 1001-5000 | Gaydon, Warwickshire, United Kingdom, Europe | http://www.astonmartin.com |
| Tata Motors | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.tatamotors.com |
| Nissan Motor Co Ltd | View profile | 147116 | 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, Japan, 220-8686 | http://www.nissan-global.com |
| Mercedes-Benz Group AG | View profile | 166056 | Mercedesstrasse 120, Stuttgart, BW, Germany, 70372 | https://www.daimler.com |
| Bayerische Motoren Werke AG ADR | View profile | 154950 | Petuelring 130, Munich, BY, Germany, 80809 | https://www.bmwgroup.com |
| General Motors Co | View profile | 163000 | 300 Renaissance Center, Detroit, MI, United States, 48265-3000 | https://www.gm.com |
| Volkswagen AG | View profile | 656134 | Berliner Ring 2, Wolfsburg, NI, Germany, 38440 | https://www.volkswagenag.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| Volvo AB ADR | View profile | 104905 | Gropegardsgatan 2, Gothenburg, Sweden, 417 15 | https://www.volvogroup.com |
Global luxury suv market size, by regions, 2018-2030 (US$M)
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