Automotive Luxury Vehicle Market 2019 Global Industry Forecast to 2023 is latest Global Automotive Luxury Vehicle Industry research report published by “Market Research Future”. Automotive Luxury Vehicle Market by Body Type (SUV, Sedan, Hatchback), Component (LiDAR, Biometric Sensors, Radar), Fuel Type (ICE, BEV, FCEV, Hybrid), End-User (Car Pooling, Personal Mobility), and Region - Global Forecast to 2023.
The key players in automotive luxury vehicle market are Tesla, Inc. (U.S.), BMW (Germany), Denso Corporation (Japan), Daimler AG (Germany), Delphi Technologies, Inc. (U.K), Audi AG (Germany), NXP Semiconductors N.V. (Netherlands), Robert Bosch GmbH (Germany), Infineon Technologies AG (Germany), Porsche AG (Germany), General Motors Company (U.S.), and Continental AG (Germany).
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Global Automotive Luxury Vehicle Market Highlights:
The automotive luxury vehicle market is volatile and highly competitive with the presence of some well-established vendors. The eminent players of the market include Tesla, Inc. (U.S.), Denso Corporation (Japan), Delphi Technologies, Inc. (U.K), NXP Semiconductors N.V. (Netherlands),Infineon Technologies AG (Germany), General Motors Company (U.S.), BMW (Germany),Daimler AG (Germany),Audi AG (Germany),Robert Bosch GmbH (Germany), Porsche AG (Germany), and Continental AG (Germany). These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. The market players compete by price, fuel-efficiency, safety, vehicle technology, and features. Competition in the luxury vehicle market is heating up. As these key players are increasingly investing towards the development of technology, many smaller companies will not be able to keep up with the technological pace. For instance, Tesla Inc.'s near monopoly position may be threatened by new competition faced from General Motors and Honda collaboration. Over the past several years, Tesla has been leading the market for EV batteries. In June 2018, General Motors and Honda jointly announced their venture to produce the next generation batteries for high-end electric vehicles.
On the basis of body type, the most popular luxury vehicles are sedan and SUVs – since these are priced beyond a certain pricing point and thus, have a status quo attached to them. On the basis of component, sensors (parking sensors, camera sensors, and so forth) and to some extent, biometric sensors are frequently used due to the low cost of production and installation (especially in mass/batch production cases). On the basis of fuel type, the most economical type of vehicle to manufacture and utilize on road is the internal combustion engine fired vehicles (petrol or diesel being used as a fuel). On the basis of end-user, the opportunity for growth of the luxury vehicle market is equally high in the case of carpooling and personal mobility.
The key markets of the global automotive luxury vehicle market are North America, Asia-Pacific, Europe, and Rest of the World. North America accounts for the maximum share of the automotive vehicle market owing to a robust economy, increasing purchasing power, growing demand for luxury vehicles coupled with developed infrastructures. In Europe, the prevailing challenging economic conditions do not provide much scope for market consolidation; however, the market has been able to maintain sales volume of higher end models due to demand for high-end vehicles in the region. The Asia-Pacific region has lucrative growth opportunities for the luxury vehicle market, and it is projected to be the next automotive hub of the world. The emerging economies of India and China are foreseen to provide favorable growth circumstances during the forecast period owing to rising purchasing power of people. The automotive luxury vehicles market is well consolidated in the GCC region. U.A.E. and Saudi Arabia and major contributors. The low oil prices in the region and high purchasing power in the region facilitate the growth of the market.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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