Crossover Vehicles Market Trends, Growth, Key Findings, Forecast To 2023


Posted January 9, 2019 by vaibhavhulsure

Global Crossover Vehicles Market Report By Type (Small Size, Mid-Size, Large Size), Drive Type (Front Wheel, Rear Wheel, and All-Wheel), Fuel Type (Petrol, Diesel), Gear Transmission (Manual, Automatic), Region - Forecast till 2023

 
Crossover Vehicles Market Highlights:
Crossover vehicles are also known as crossover utility vehicle (CUV), in which the body is built directly on a car platform. The crossover vehicles are designed for light off-road vehicle activity and holding similar features to hatchback or station wagon such as rear liftgate door and fold-down rear seats.

Rising demand for off-road and on-road application in the same vehicle will increase the demand for crossover vehicles during the forecast period. Better fuel efficiency, as well as great vehicle comfort, makes it more attractive in the global market for the crossover vehicles. The crossover vehicles use the front wheel, rear wheel, and all-wheel drive which enhance the cargo carrying capacity of the vehicle. The designing and features of crossover vehicles are borrowed from hatchback and station wagon, such as wide space for cargo at the back of the vehicle, which increase the demand for the crossover vehicles in the global market.
Global crossover vehicles market has seen remarkable growth; expected to rise at a CAGR of ~9%. Crossover vehicles having a great combination of passenger cars and commercial vehicles. Growing demand for vehicle comfort with better fuel efficiency is the major driving factor for the global crossover vehicles market.

The Key players in the Crossover Vehicles Market are-
Honda Motor Company, Ltd. (Japan), Ford Motor Company (US), Nissan Motor Company Ltd, (Japan), Mazda Motor Corporation (Japan), and Toyota Motor Corporation (Japan). Subaru of America, Inc. (US), Kia Motor Corporation (South Korea), FCA US LLC (US), Volkswagen (Germany), and Volvo Cars (Sweden)

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Categories Aerospace
Tags crossover vehicles market analysis , crossover vehicles market share , crossover vehicles market size
Last Updated January 9, 2019