Luxury Car Market Size, Share, and Trends 2025 to 2034

The global luxury car market size is calculated at USD 749 billion in 2025 and is predicted to hit around USD 1,366.62 billion by 2034, expanding at a CAGR of 6.91% between 2025 and 2034. The Europe luxury car market size accounted for USD 299.60 billion in 2025 and is anticipated to grow at a fastest CAGR of 7.03% during the forecast year. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : May 2025
  • Report Code : 5089
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Luxury Car Market 

5.1. COVID-19 Landscape: Luxury Car Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Luxury Car Market, By Vehicle Type

8.1. Luxury Car Market Revenue and Volume, By Vehicle Type

8.1.1 Hatchback

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Sedan

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Sports Utility

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Luxury Car Market, By Propulsion Type

9.1. Luxury Car Market Revenue and Volume, By Propulsion Type

9.1.1. Internal Combustion Engine (ICE)

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Electric

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Luxury Car Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Vehicle Type

10.1.2. Market Revenue and Volume Forecast, By Propulsion Type

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Vehicle Type

10.1.3.2. Market Revenue and Volume Forecast, By Propulsion Type

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Vehicle Type

10.1.4.2. Market Revenue and Volume Forecast, By Propulsion Type

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Vehicle Type

10.2.2. Market Revenue and Volume Forecast, By Propulsion Type

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Vehicle Type

10.2.3.2. Market Revenue and Volume Forecast, By Propulsion Type

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Vehicle Type

10.2.4.2. Market Revenue and Volume Forecast, By Propulsion Type

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Vehicle Type

10.2.5.2. Market Revenue and Volume Forecast, By Propulsion Type

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Vehicle Type

10.2.6.2. Market Revenue and Volume Forecast, By Propulsion Type

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Vehicle Type

10.3.2. Market Revenue and Volume Forecast, By Propulsion Type

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Vehicle Type

10.3.3.2. Market Revenue and Volume Forecast, By Propulsion Type

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Vehicle Type

10.3.4.2. Market Revenue and Volume Forecast, By Propulsion Type

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Vehicle Type

10.3.5.2. Market Revenue and Volume Forecast, By Propulsion Type

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Vehicle Type

10.3.6.2. Market Revenue and Volume Forecast, By Propulsion Type

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Vehicle Type

10.4.2. Market Revenue and Volume Forecast, By Propulsion Type

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Vehicle Type

10.4.3.2. Market Revenue and Volume Forecast, By Propulsion Type

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Vehicle Type

10.4.4.2. Market Revenue and Volume Forecast, By Propulsion Type

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Vehicle Type

10.4.5.2. Market Revenue and Volume Forecast, By Propulsion Type

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Vehicle Type

10.4.6.2. Market Revenue and Volume Forecast, By Propulsion Type

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Vehicle Type

10.5.2. Market Revenue and Volume Forecast, By Propulsion Type

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Vehicle Type

10.5.3.2. Market Revenue and Volume Forecast, By Propulsion Type

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Vehicle Type

10.5.4.2. Market Revenue and Volume Forecast, By Propulsion Type

Chapter 11. Company Profiles

11.1. Mercedes-Benz Group AG

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. BMW Group

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Volkswagen

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Tesla

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. TOYOTA MOTOR CORPORATION (Lexus)

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Volvo Car Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Aston Martin

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global luxury car market size is expected to increase USD 1,366.62 billion by 2034 from USD 700.59 billion in 2024.

The luxury car market is anticipated to grow at a CAGR of over 6.91% between 2025 and 2034.

The major players operating in the luxury car market are Mercedes-Benz Group AG, BMW Group, Volkswagen, Tesla, TOYOTA MOTOR CORPORATION (Lexus), Volvo Car Corporation, Aston Martin, and Others.

The driving factors of the luxury car market are the better performance and advanced safety features available in it and rising disposable income across various regions.

Europe region will lead the global luxury car market during the forecast period 2025 to 2034.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client