A sports utility vehicle (SUV) is a commercial vehicle that combines the load-hauling and passenger-carrying capabilities of a light-weight pickup truck with the utility of a passenger vehicle. The majority of sports utility vehicles have an engine compartment with a roughly square cross-section and a freight and passenger compartment combined. Sports utility vehicles have become increasingly common in recent years, especially in the United States. The growth of this type of vehicle has been aided by a number of factors.
The "Global Sports utility vehicle Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sports utility vehicle market with detailed market segmentation by type, propulsion type, and geography. The report provides key statistics on the market status of the leading sports utility vehicle players and offers key trends and opportunities in the market.
- Based on design, the global Sports utility vehicle market is segmented into compact, mid-size, and full-size.
- On the basis of transmission, the market is segmented into automatic, and manual.
- On the basis of types, the market is segmented into passenger, and commercial.
- On the basis of drivetrain, the market is segmented into AWD, 4WD, FWD, AND RWD.
- Increasing demand and sale of the light truck and off road car
- rising disposable income coupled with increasing purchasing power of the population
- High cost associated with sports utility vehicle.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The sports utility vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Sports utility vehicle market in these regions.
IMPACT OF COVID-19 ON SPORTS UTILITY VEHICLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the Sports utility vehicle market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sports utility vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for Sports utility vehicle market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Sports utility vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- FCA Group
- Ford Motor Company
- General Motors Company
- Honda Motor Co., Ltd.
- Hyundai Motor Company
- Nissan Motor Co.,Ltd.
- PSA Group
- Suzuki Motor Corporation
- Toyota Motor Corporation
- Volkswagen AG
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.