Increase in Environmental Concerns Stimulating Growth Opportunities in the Global Luxury Vehicle Market

Reportstack has announced a new market research report on the Global Luxury Vehicle Market 2015-2019, which is expected to grow at a CAGR of 3.38 percent during the period 2014-2019.

The demand for luxury vehicles such as sedans, coupés, hatchbacks, crossovers, and SUVs is increasing in countries such as China, the US, Canada, India, Germany, France, the UK, and Spain. The increase in the disposable income and various vehicle loan schemes launched by financial institutions and car manufacturers are increasing the demand for luxury vehicles.

“Presently, many countries are trying to minimize the environmental effects and pollution caused by the Transportation sector,”.

“Also, there is increased demand for electric vehicles and hybrid electric vehicles that run on batteries, thereby minimizing the use of fuel and causing less pollution.”

Key Market Drivers

Increase in Disposable Income
Increase in Number of Women Drivers
Increased Popularity of Electric Vehicles
Growth in Urbanization
Government Initiatives to Promote Electric Vehicles

Key Market Trends

Smart Vehicles on Smart Roads
Adoption of Telematics Solutions
Emergence of Analytics Systems
Increase in Environmental Concerns

Key Market Vendors

BMW AG
Daimler AG
Tata Motors Ltd.
Volkswagen AG

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Complete report available @  Global Luxury Vehicle Market 2015-2019.