Persistence Market Research Pvt. Ltd.

Luxury Vehicles Market to Witness an Outstanding Growth by 2020 - Persistence Market Research

Press Release   •   Feb 28, 2017 01:55 EST

Luxury vehicle is a term used for the vehicles that provide luxury (pleasant or desirable features beyond necessity) at premium price. It can also be referred as the vehicle with features such as, higher quality equipment, better performance, more precise construction, comfort, higher design and technologically innovative with features that convey an image, brand, status or prestige for the individual in the society. Luxury vehicles provide high degree of comfort than other vehicles. Major contents of these cars are genuine leather upholstery and polished “wood grain-look” dashboards.

Luxury Vehicles Market:

Request to view Table of Content @ http://www.persistencemarketresearch.com/toc/2792

Luxury vehicles may be classified into different forms such as sedan, coupe, hatchback, station wagon, minivans, crossovers, sport utility vehicles and convertible body styles. . In every era of automobile history, there is a group of car models that are expensive to purchase, due to their alleged superiority of design and engineering. As these models targeted the wealthy customers these are termed as luxury cars. Automobile manufacturers provide different models that are targeted at particular socio-economic classes according to their income and standard of living in the society.

Countries such as China, Japan, the U.S., Canada, India and European countries are the major markets for the luxury vehicles. Increasing disposable income is the major driver for the luxury vehicle globally. Additionally, various loan schemes launched by the automobile manufacturers and the financial institutions have made it easy for the customer to buy luxury vehicles to maintain their status in the society. This may provide growth opportunity for the luxury vehicle especially in the developing nations.

Rising fuel price can act as restraints for the global luxury vehicle market especially in the developing countries such as India. According to Statista (Statistics Company) average prices for crude oil increased from USD 77.38 per barrel in 2010 to USD 105.87 per barrel in 2013.

Buy Now: You can now buy a single user license of the report at http://www.persistencemarketresearch.com/checkout/2792. The final report customized as per your specific requirement will be sent to your e-mail id within 7-20 days, depending on the scope of the report.

Luxury vehicle manufacturers may be either stand-alone companies, such as BMW and Mercedes, or division or subsidiary of a mass market automaker (Lexus part of Toyota). Some of the major brands operating in this market are BMW, Mercedes-Benz‎, Rolls-Royce, Jaguar, Audi‎, Bentley‎, Lamborghini‎, Volvo, Ferrari, Land Rover, Lexus and Cadillac.

For more information, please e-mail us at: sales@persistencemarketresearch.com

Key points covered in the report

  • Report segments the market on the basis of types, application, products, technology, etc (as applicable)
  • The report covers geographic segmentation
    • North America
    • Europe
    • Asia
    • RoW
  • The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
  • The report provides company profiles of some of the leading companies operating in the market
  • The report also provides porters five forces analysis of the market.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research

305 Broadway

7th Floor, New York City, 

NY 10007, United States,

USA - Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com