Sport Utility Vehicle (SUV) Market SWOT Analysis by 2031
The sport utility vehicle market is expected to register a CAGR of 9.1% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles is likely to remain a key trend in the market.
Sport Utility Vehicle (SUV) Market Analysis
- An increasing government rules and regulations attributed to vehicle safety, an increase in the number of accidents, a rise in the demand for luxury vehicles, an increase in consumer purchasing power, and an increase in the demand for passenger vehicles in emerging economies are some of the market factors that are anticipated to support the market's growth.
- In order to reduce road accidents and enhance the safety of both drivers and passengers in both vehicles, new features are constantly being incorporated into automobiles as a result of ongoing technological advancements in the automotive market.
Sport Utility Vehicle (SUV) Market Overview
- The growing passenger safety and security awareness, an increase in the number of vehicles in developing nations, and other factors are major drivers of the global sport utility vehicle market's growth.
- The number of accidents has increased due to the growing demand for high-speed vehicles. The need for safety feature integration in cars has grown dramatically.
- Blind spot detection, lane maintenance assist, and an antiroll braking system are a few of the safety features. These features, along with the advanced comfort and automatic safety features that premium SUVs offer, are also contributing to the market's growth. Similar to full-size, SUVs have a number of benefits, including affordability compared to sedans, versatility, increased comfort, a variety of drivetrain options, the ability to off-road on rough and unpaved terrain, more room for seats and a trunk, and heavy towing capacity.
- Additionally, due to government safety regulations becoming more stringent, many automotive manufacturers are installing a passive safety system in vehicles.
- The demand for automobiles rises concurrently with integrated safety features, which fuels the growth of the global sport utility vehicle market.
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Sport Utility Vehicle (SUV) Market: Strategic Insights
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Sport Utility Vehicle (SUV) Market: Strategic Insights
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Sport Utility Vehicle (SUV) Market Drivers and Opportunities
Government Regulations Mandates and International Safety Standards to Favor the Market
- Governments and international organizations impose strict regulatory mandates and global safety standards that significantly drive the global sport utility vehicle market.
- These regulations require automakers to incorporate cutting-edge safety technologies into their vehicles in order to comply with safety standards that have been set.
- Global safety standards are always changing, which is one of the main factors encouraging innovation and the automotive industry's adoption of new safety technologies.
Technological Advancements
- Advancements in technology have portrayed a major role in the high demand for sport utility vehicles.
- The demand for automotive safety systems is expected to be supported by consumer preferences for automotive active safety features that are dependable and functional. Safety features such as collision avoidance, adaptive cruise control, and pedestrian detection are becoming more and more appealing to manufacturers and customers due to their increased accuracy and performance.
- Furthermore, the price of these technologies has become more affordable which has increased their accessibility for a wider variety of vehicles.
- Electric SUVs are being introduced to the market by numerous automakers. Automotive manufacturer offers at least one or more electric SUV models: BMW, Mercedes, Audi, Volvo, Jaguar, Kia, Tesla, Chevrolet, and Hyundai.
Sport Utility Vehicle (SUV) Market Report Segmentation Analysis
Key segments that contributed to the derivation of the sport utility vehicle market analysis are type, fuel type, and seating capacity.
- Based on the type, the sport utility vehicle market is divided into mini, compact, mid- & full-size MPVs.
- On the basis of the fuel type, the market is divided into gasoline, diesel, and electric SUVs.
- Based on seating capacity, the sport utility vehicle market is divided into 5 seater,>5 seater.
Sport Utility Vehicle (SUV) Market Share Analysis by Geography
- The sport utility vehicle market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering sport utility vehicle market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the sport utility vehicle market in these regions.
Sport Utility Vehicle (SUV) Market Report Scope
Sport Utility Vehicle (SUV) Market News and Recent Developments
The sport utility vehicle market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the sport utility vehicle market are listed below:
- Toyota and Suzuki are promoting a mutual supply of vehicles globally, which is one of the collaborations in the business partnership, and the two companies will now start production of a new SUV model developed by Suzuki at Toyota Kirloskar Motor Pvt. Ltd. (TKM) from August. Maruti Suzuki India Limited and TKM will market the new model in India as Suzuki and Toyota models, respectively. Furthermore, the two companies are planning to export the new model to markets outside India, including Africa. (Source: Toyota, Company Website, June 2022)
- The largest passenger vehicle manufacturer, Maruti Suzuki India Limited, is poised to captivate the hearts and minds of the audience at Auto Expo with a range of futuristic products and technology showcases. Maruti Suzuki will reaffirm its leadership by unveiling an Electric Concept and a range of SUVs, a feat bound to offer an unparalleled experience to the audience. (Source: Maruti Suzuki, Company Website, December 2022)
Sport Utility Vehicle (SUV) Market Report Coverage and Deliverables
The “Sport Utility Vehicle (SUV) Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Sport utility vehicle market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Sport utility vehicle market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Sport utility vehicle market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the sport utility vehicle market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global sport utility vehicle market is expected to grow at a CAGR of 9.1% during the forecast period 2023 - 2031.
The rapid technological advancement in the automotive sector is one of the major factors driving the sport utility vehicle market.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global sport utility vehicle market in the coming years.
The leading players operating in the sport utility vehicle market are Tesla Inc., Tata Motors, Toyota Motor Corporation, Mahindra & Mahindra, Mercedes-Benz, Nissan Motor Corporation, Volkswagen AG, Honda Motor Co., Ltd., BYD Company Ltd., Ford Motor Company, Hyundai Motor Company, AB Volvo.
The report can be delivered in PDF/PPT format; we can also share an excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sports Utility Vehicle Market - By Design
1.3.2 Sports Utility Vehicle Market - By Transmission
1.3.3 Sports Utility Vehicle Market - By Types
1.3.4 Sports Utility Vehicle Market - By Drivetrain
1.3.5 Sports Utility Vehicle Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPORTS UTILITY VEHICLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SPORTS UTILITY VEHICLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SPORTS UTILITY VEHICLE MARKET - GLOBAL MARKET ANALYSIS
6.1. SPORTS UTILITY VEHICLE - GLOBAL MARKET OVERVIEW
6.2. SPORTS UTILITY VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPORTS UTILITY VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - DESIGN
7.1. OVERVIEW
7.2. DESIGN MARKET FORECASTS AND ANALYSIS
7.3. COMPACT
7.3.1. Overview
7.3.2. Compact Market Forecast and Analysis
7.4. MID-SIZE
7.4.1. Overview
7.4.2. Mid-size Market Forecast and Analysis
7.5. FULL SIZE
7.5.1. Overview
7.5.2. Full size Market Forecast and Analysis
8. SPORTS UTILITY VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - TRANSMISSION
8.1. OVERVIEW
8.2. TRANSMISSION MARKET FORECASTS AND ANALYSIS
8.3. AUTOMATIC
8.3.1. Overview
8.3.2. Automatic Market Forecast and Analysis
8.4. MANUAL
8.4.1. Overview
8.4.2. Manual Market Forecast and Analysis
9. SPORTS UTILITY VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - TYPES
9.1. OVERVIEW
9.2. TYPES MARKET FORECASTS AND ANALYSIS
9.3. PASSENGER
9.3.1. Overview
9.3.2. Passenger Market Forecast and Analysis
9.4. COMMERCIAL
9.4.1. Overview
9.4.2. Commercial Market Forecast and Analysis
10. SPORTS UTILITY VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - DRIVETRAIN
10.1. OVERVIEW
10.2. DRIVETRAIN MARKET FORECASTS AND ANALYSIS
10.3. AWD
10.3.1. Overview
10.3.2. AWD Market Forecast and Analysis
10.4. 4WD
10.4.1. Overview
10.4.2. 4WD Market Forecast and Analysis
10.5. FWD
10.5.1. Overview
10.5.2. FWD Market Forecast and Analysis
10.6. RWD
10.6.1. Overview
10.6.2. RWD Market Forecast and Analysis
11. SPORTS UTILITY VEHICLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Sports Utility Vehicle Market Overview
11.1.2 North America Sports Utility Vehicle Market Forecasts and Analysis
11.1.3 North America Sports Utility Vehicle Market Forecasts and Analysis - By Design
11.1.4 North America Sports Utility Vehicle Market Forecasts and Analysis - By Transmission
11.1.5 North America Sports Utility Vehicle Market Forecasts and Analysis - By Types
11.1.6 North America Sports Utility Vehicle Market Forecasts and Analysis - By Drivetrain
11.1.7 North America Sports Utility Vehicle Market Forecasts and Analysis - By Countries
11.1.7.1 United States Sports Utility Vehicle Market
11.1.7.1.1 United States Sports Utility Vehicle Market by Design
11.1.7.1.2 United States Sports Utility Vehicle Market by Transmission
11.1.7.1.3 United States Sports Utility Vehicle Market by Types
11.1.7.1.4 United States Sports Utility Vehicle Market by Drivetrain
11.1.7.2 Canada Sports Utility Vehicle Market
11.1.7.2.1 Canada Sports Utility Vehicle Market by Design
11.1.7.2.2 Canada Sports Utility Vehicle Market by Transmission
11.1.7.2.3 Canada Sports Utility Vehicle Market by Types
11.1.7.2.4 Canada Sports Utility Vehicle Market by Drivetrain
11.1.7.3 Mexico Sports Utility Vehicle Market
11.1.7.3.1 Mexico Sports Utility Vehicle Market by Design
11.1.7.3.2 Mexico Sports Utility Vehicle Market by Transmission
11.1.7.3.3 Mexico Sports Utility Vehicle Market by Types
11.1.7.3.4 Mexico Sports Utility Vehicle Market by Drivetrain
11.2. EUROPE
11.2.1 Europe Sports Utility Vehicle Market Overview
11.2.2 Europe Sports Utility Vehicle Market Forecasts and Analysis
11.2.3 Europe Sports Utility Vehicle Market Forecasts and Analysis - By Design
11.2.4 Europe Sports Utility Vehicle Market Forecasts and Analysis - By Transmission
11.2.5 Europe Sports Utility Vehicle Market Forecasts and Analysis - By Types
11.2.6 Europe Sports Utility Vehicle Market Forecasts and Analysis - By Drivetrain
11.2.7 Europe Sports Utility Vehicle Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Sports Utility Vehicle Market
11.2.7.1.1 Germany Sports Utility Vehicle Market by Design
11.2.7.1.2 Germany Sports Utility Vehicle Market by Transmission
11.2.7.1.3 Germany Sports Utility Vehicle Market by Types
11.2.7.1.4 Germany Sports Utility Vehicle Market by Drivetrain
11.2.7.2 France Sports Utility Vehicle Market
11.2.7.2.1 France Sports Utility Vehicle Market by Design
11.2.7.2.2 France Sports Utility Vehicle Market by Transmission
11.2.7.2.3 France Sports Utility Vehicle Market by Types
11.2.7.2.4 France Sports Utility Vehicle Market by Drivetrain
11.2.7.3 Italy Sports Utility Vehicle Market
11.2.7.3.1 Italy Sports Utility Vehicle Market by Design
11.2.7.3.2 Italy Sports Utility Vehicle Market by Transmission
11.2.7.3.3 Italy Sports Utility Vehicle Market by Types
11.2.7.3.4 Italy Sports Utility Vehicle Market by Drivetrain
11.2.7.4 United Kingdom Sports Utility Vehicle Market
11.2.7.4.1 United Kingdom Sports Utility Vehicle Market by Design
11.2.7.4.2 United Kingdom Sports Utility Vehicle Market by Transmission
11.2.7.4.3 United Kingdom Sports Utility Vehicle Market by Types
11.2.7.4.4 United Kingdom Sports Utility Vehicle Market by Drivetrain
11.2.7.5 Russia Sports Utility Vehicle Market
11.2.7.5.1 Russia Sports Utility Vehicle Market by Design
11.2.7.5.2 Russia Sports Utility Vehicle Market by Transmission
11.2.7.5.3 Russia Sports Utility Vehicle Market by Types
11.2.7.5.4 Russia Sports Utility Vehicle Market by Drivetrain
11.2.7.6 Rest of Europe Sports Utility Vehicle Market
11.2.7.6.1 Rest of Europe Sports Utility Vehicle Market by Design
11.2.7.6.2 Rest of Europe Sports Utility Vehicle Market by Transmission
11.2.7.6.3 Rest of Europe Sports Utility Vehicle Market by Types
11.2.7.6.4 Rest of Europe Sports Utility Vehicle Market by Drivetrain
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Sports Utility Vehicle Market Overview
11.3.2 Asia-Pacific Sports Utility Vehicle Market Forecasts and Analysis
11.3.3 Asia-Pacific Sports Utility Vehicle Market Forecasts and Analysis - By Design
11.3.4 Asia-Pacific Sports Utility Vehicle Market Forecasts and Analysis - By Transmission
11.3.5 Asia-Pacific Sports Utility Vehicle Market Forecasts and Analysis - By Types
11.3.6 Asia-Pacific Sports Utility Vehicle Market Forecasts and Analysis - By Drivetrain
11.3.7 Asia-Pacific Sports Utility Vehicle Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Sports Utility Vehicle Market
11.3.7.1.1 Australia Sports Utility Vehicle Market by Design
11.3.7.1.2 Australia Sports Utility Vehicle Market by Transmission
11.3.7.1.3 Australia Sports Utility Vehicle Market by Types
11.3.7.1.4 Australia Sports Utility Vehicle Market by Drivetrain
11.3.7.2 China Sports Utility Vehicle Market
11.3.7.2.1 China Sports Utility Vehicle Market by Design
11.3.7.2.2 China Sports Utility Vehicle Market by Transmission
11.3.7.2.3 China Sports Utility Vehicle Market by Types
11.3.7.2.4 China Sports Utility Vehicle Market by Drivetrain
11.3.7.3 India Sports Utility Vehicle Market
11.3.7.3.1 India Sports Utility Vehicle Market by Design
11.3.7.3.2 India Sports Utility Vehicle Market by Transmission
11.3.7.3.3 India Sports Utility Vehicle Market by Types
11.3.7.3.4 India Sports Utility Vehicle Market by Drivetrain
11.3.7.4 Japan Sports Utility Vehicle Market
11.3.7.4.1 Japan Sports Utility Vehicle Market by Design
11.3.7.4.2 Japan Sports Utility Vehicle Market by Transmission
11.3.7.4.3 Japan Sports Utility Vehicle Market by Types
11.3.7.4.4 Japan Sports Utility Vehicle Market by Drivetrain
11.3.7.5 South Korea Sports Utility Vehicle Market
11.3.7.5.1 South Korea Sports Utility Vehicle Market by Design
11.3.7.5.2 South Korea Sports Utility Vehicle Market by Transmission
11.3.7.5.3 South Korea Sports Utility Vehicle Market by Types
11.3.7.5.4 South Korea Sports Utility Vehicle Market by Drivetrain
11.3.7.6 Rest of Asia-Pacific Sports Utility Vehicle Market
11.3.7.6.1 Rest of Asia-Pacific Sports Utility Vehicle Market by Design
11.3.7.6.2 Rest of Asia-Pacific Sports Utility Vehicle Market by Transmission
11.3.7.6.3 Rest of Asia-Pacific Sports Utility Vehicle Market by Types
11.3.7.6.4 Rest of Asia-Pacific Sports Utility Vehicle Market by Drivetrain
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Sports Utility Vehicle Market Overview
11.4.2 Middle East and Africa Sports Utility Vehicle Market Forecasts and Analysis
11.4.3 Middle East and Africa Sports Utility Vehicle Market Forecasts and Analysis - By Design
11.4.4 Middle East and Africa Sports Utility Vehicle Market Forecasts and Analysis - By Transmission
11.4.5 Middle East and Africa Sports Utility Vehicle Market Forecasts and Analysis - By Types
11.4.6 Middle East and Africa Sports Utility Vehicle Market Forecasts and Analysis - By Drivetrain
11.4.7 Middle East and Africa Sports Utility Vehicle Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Sports Utility Vehicle Market
11.4.7.1.1 South Africa Sports Utility Vehicle Market by Design
11.4.7.1.2 South Africa Sports Utility Vehicle Market by Transmission
11.4.7.1.3 South Africa Sports Utility Vehicle Market by Types
11.4.7.1.4 South Africa Sports Utility Vehicle Market by Drivetrain
11.4.7.2 Saudi Arabia Sports Utility Vehicle Market
11.4.7.2.1 Saudi Arabia Sports Utility Vehicle Market by Design
11.4.7.2.2 Saudi Arabia Sports Utility Vehicle Market by Transmission
11.4.7.2.3 Saudi Arabia Sports Utility Vehicle Market by Types
11.4.7.2.4 Saudi Arabia Sports Utility Vehicle Market by Drivetrain
11.4.7.3 U.A.E Sports Utility Vehicle Market
11.4.7.3.1 U.A.E Sports Utility Vehicle Market by Design
11.4.7.3.2 U.A.E Sports Utility Vehicle Market by Transmission
11.4.7.3.3 U.A.E Sports Utility Vehicle Market by Types
11.4.7.3.4 U.A.E Sports Utility Vehicle Market by Drivetrain
11.4.7.4 Rest of Middle East and Africa Sports Utility Vehicle Market
11.4.7.4.1 Rest of Middle East and Africa Sports Utility Vehicle Market by Design
11.4.7.4.2 Rest of Middle East and Africa Sports Utility Vehicle Market by Transmission
11.4.7.4.3 Rest of Middle East and Africa Sports Utility Vehicle Market by Types
11.4.7.4.4 Rest of Middle East and Africa Sports Utility Vehicle Market by Drivetrain
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Sports Utility Vehicle Market Overview
11.5.2 South and Central America Sports Utility Vehicle Market Forecasts and Analysis
11.5.3 South and Central America Sports Utility Vehicle Market Forecasts and Analysis - By Design
11.5.4 South and Central America Sports Utility Vehicle Market Forecasts and Analysis - By Transmission
11.5.5 South and Central America Sports Utility Vehicle Market Forecasts and Analysis - By Types
11.5.6 South and Central America Sports Utility Vehicle Market Forecasts and Analysis - By Drivetrain
11.5.7 South and Central America Sports Utility Vehicle Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Sports Utility Vehicle Market
11.5.7.1.1 Brazil Sports Utility Vehicle Market by Design
11.5.7.1.2 Brazil Sports Utility Vehicle Market by Transmission
11.5.7.1.3 Brazil Sports Utility Vehicle Market by Types
11.5.7.1.4 Brazil Sports Utility Vehicle Market by Drivetrain
11.5.7.2 Argentina Sports Utility Vehicle Market
11.5.7.2.1 Argentina Sports Utility Vehicle Market by Design
11.5.7.2.2 Argentina Sports Utility Vehicle Market by Transmission
11.5.7.2.3 Argentina Sports Utility Vehicle Market by Types
11.5.7.2.4 Argentina Sports Utility Vehicle Market by Drivetrain
11.5.7.3 Rest of South and Central America Sports Utility Vehicle Market
11.5.7.3.1 Rest of South and Central America Sports Utility Vehicle Market by Design
11.5.7.3.2 Rest of South and Central America Sports Utility Vehicle Market by Transmission
11.5.7.3.3 Rest of South and Central America Sports Utility Vehicle Market by Types
11.5.7.3.4 Rest of South and Central America Sports Utility Vehicle Market by Drivetrain
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SPORTS UTILITY VEHICLE MARKET, KEY COMPANY PROFILES
13.1. FCA GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. FORD MOTOR COMPANY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. GEELY GLOBAL (VOLVO)
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GENERAL MOTORS COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HONDA MOTOR CO., LTD.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HYUNDAI MOTOR COMPANY
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. NISSAN MOTOR CO., LTD.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PSA GROUP
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TOYOTA MOTOR CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. VOLKSWAGEN AG
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. FCA Group
2. Ford Motor Company
3. Geely Global (Volvo)
4. General Motors Company
5. Honda Motor Co., Ltd.
6. Hyundai Motor Company
7. Nissan Motor Co., Ltd.
8. PSA Group
9. Toyota Motor Corporation
10. Volkswagen AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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