Luxury Car Market Size, Share, and Trends 2024 to 2034

The global luxury car market size is calculated at USD 700.59 billion in 2024, grew to 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 2024 and 2034. The Europe luxury car market size accounted for USD 280.24 billion in 2024 and is anticipated to grow at a fastest CAGR of 7.03% during the forecast year.

  • Last Updated : October 2024
  • 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, 2024-2034

8.1.1 Hatchback

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Sedan

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. Sports Utility

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Luxury Car Market, By Propulsion Type

9.1. Luxury Car Market Revenue and Volume, By Propulsion Type, 2024-2034

9.1.1. Internal Combustion Engine (ICE)

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Electric

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

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 (2021-2034)

10.1.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.1.3.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.1.4.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.2.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.2.3.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.2.4.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.2.5.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.2.6.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.3.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.3.3.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.3.4.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.3.5.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.3.6.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.4.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.4.3.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.4.4.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.4.5.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.4.6.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.5.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.5.3.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Vehicle Type (2021-2034)

10.5.4.2. Market Revenue and Volume Forecast, By Propulsion Type (2021-2034)

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

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