Sport Utility Vehicle (SUV) Market Dynamics - 2021 to 2031
The Sport Utility Vehicle (SUV) Market is expected to register a CAGR of 9.3% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by By Charging Infrastructure Type (CCS, CHADEMO, Normal Charge, Tesla Super Charger, Type 2 (IEC 62196 and GB/T 20234)); Level of Charging (Level 1 (Less than 3.7 KW), Level 2 (3.7 - 22 KW), Level 3 (Above 22 KW)); Charging Point (Normal Charging, Super Charging, Inductive Charging); DC fast Charging (Fast Charging, Ultra Fast Charging); Installation Type (Portable Charger, Fixed Charger). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Sport Utility Vehicle (SUV) Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Sport Utility Vehicle (SUV) Market Segmentation
Charging Infrastructure Type
- CCS
- CHADEMO
- Normal Charge
- Tesla Super Charger
- Type 2
Level of Charging
- Level 1
- Level 2
- Level 3
Charging Point
- Normal Charging
- Super Charging
- Inductive Charging
Installation Type
- Portable Charger
- Fixed Charger
Installation Type
- Portable Charger
- Fixed Charger
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Sport Utility Vehicle (SUV) Market: Strategic Insights
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Sport Utility Vehicle (SUV) Market Growth Drivers
- Increased Consumer Preference for Versatility and Space: One of the primary drivers of the SUV market is the growing consumer preference for vehicles that offer versatility, ample space, and comfort. SUVs provide a higher seating position, spacious interiors, and the ability to transport both passengers and cargo easily. This versatility appeals to families, adventure seekers, and urban commuters alike, leading to increased demand for both compact and full-sized SUVs.
- Rising Disposable Incomes and Urbanization: As disposable incomes rise, particularly in emerging markets, more consumers can afford SUVs, which are often viewed as premium vehicles. Urbanization is also driving this trend, as more people move to cities with families and seek vehicles that can accommodate their lifestyle needs. In urban settings, SUVs are favored for their size, which allows for better visibility and a commanding presence on the road.
- Technological Advancements and Safety Features: The SUV market is benefiting from significant advancements in automotive technology, including enhanced safety features, fuel efficiency, and infotainment systems. Features such as advanced driver-assistance systems (ADAS), adaptive cruise control, and improved fuel economy are increasingly standard in modern SUVs. These innovations not only enhance the driving experience but also address safety concerns, making SUVs more appealing to consumers.
Sport Utility Vehicle (SUV) Market Future Trends
- Shift Towards Electrification: There is a strong trend towards the electrification of SUVs, with manufacturers increasingly offering hybrid and fully electric models. This shift is driven by consumer demand for more sustainable transportation options and stricter emissions regulations in many regions. Electric SUVs provide the same versatility and space as traditional models while reducing environmental impact. The introduction of electric SUVs is expanding the market and appealing to eco-conscious consumers.
- Integration of Advanced Connectivity Features: The integration of advanced connectivity features into SUVs is becoming a key trend. Consumers are increasingly expecting their vehicles to support smartphone integration, navigation, and real-time data access. Features such as in-car Wi-Fi, voice recognition, and app connectivity are becoming standard in many SUVs, enhancing the overall driving experience and keeping occupants connected during their journeys.
Sport Utility Vehicle (SUV) Market Opportunities
- Focus on Luxury and Premium Offerings: The SUV market is witnessing a trend towards luxury and premium offerings, with consumers seeking high-end features and comfort in their vehicles. Automakers are responding by introducing premium SUV models equipped with advanced materials, high-tech features, and superior performance capabilities. This trend reflects a growing consumer expectation for luxury in the SUV segment, leading to increased competition among manufacturers.
- Investment in Sustainability and Eco-Friendly Practices: As consumers become more environmentally conscious, there is an opportunity for SUV manufacturers to invest in sustainable practices and eco-friendly technologies. This includes using recyclable materials, reducing production waste, and developing more efficient manufacturing processes. By positioning themselves as environmentally responsible brands, manufacturers can attract eco-conscious consumers and enhance their brand image in a competitive market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sport Utility Vehicle (SUV) Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Sport Utility Vehicle (SUV) Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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
Some of the customization options available based on the request are an 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.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Sport Utility Vehicle (SUV) Market include 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
The Sport Utility Vehicle (SUV) Market is estimated to witness a CAGR of 9.3% from 2023 to 2031
Growth in demand owing to the good economic conditions is the key future trend of the Sport Utility Vehicle (SUV) Market
The major factors driving the Sport Utility Vehicle (SUV) Market are: Rising Demand for Comfort Features#Compact, stylish SUVs
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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