Crossover Vehicles Market Global Industry Report published by Market Research Future. Report provides Global Crossover Vehicles Market Analysis by Growth, Trends, Opportunities, Segmentation, and Regional Forecast To 2023. Global Crossover Vehicles Market is projected to witness ~9% CAGR by 2023.
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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)
Crossover Vehicles Market Highlights:
Crossover vehicle or crossover utility vehicle (CUV) is built on a unibody car platform instead of the body on frame design. The crossover utility vehicle (CUV) is different from sports utility vehicle (SUV) in various terms such as features, ground clearance, and body mounting. Crossover Vehicles features are similar to hatchback or station wagon such as rear liftgate door and fold-down rear seats. The vehicles are designed primarily for light off-road capability.
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 crossover vehicles primarily use all-wheel drive which enhances the capability for cargo carrying as offered utility vehicle which further increases the demand for crossover vehicles for passenger and commercial application. Fleet owners are now getting more inclined towards crossover type utility vehicles than a sedan or light commercial vehicle, due to increased demand for a luxury look and more cargo carrying capacity in the vehicle.
Crossover Vehicles Market Segmentation:
Global crossover vehicles market is segmented on the basis of type, drive type, fuel type, gear transmission, and region.
On the basis of type, the market has been segmented into small size, mid-size, and large size.
On the basis of drive type, the market has been segmented into front wheel, rear wheel, and all-wheel drive.
On the basis of fuel type, the market has been segmented into petrol and diesel.
On the basis of gear transmission, the market has been segmented into manual and automatic.
Market Research Analysis
In terms of region, the global market for the crossover vehicles is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to hold the highest revenue market share in the base year and expected to dominate during the forecast period followed by North America and Europe. Presence of China, Japan, India, and South Korea where a continuous increase in the demand for the crossover vehicles owing to increased purchasing power as well as increased in the average disposable income are expected to drive the growth for the automotive crossover vehicles market in Asia-Pacific. In North America, the US and Canada will primarily drive the growth for mid-size and large crossover vehicles.
According to the U.S. Energy Information Administration, the sales of crossover vehicles will exceed the sales of light-duty vehicle cars in the near future. In Europe, there is increase in the sales of luxury crossover vehicles and the presence of top manufacturers such as Volkswagen Group, is expected to boost the sales for the crossover vehicles. The rest of the world consists of the Middle East and Africa and South America. The Middle East and Africa is expected to dominate the market in the base year and during the forecast period.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/Supply Chain Analysis
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