Industry Press Releases

Global Sports Utility Vehicle Market 2017-2021 with Ford, GM, Daimler, Toyota & Volkswagen Dominating - Research and Markets

Wednesday, Jan 25, 2017

Research and Markets has announced the addition of the "Global Sports Utility Vehicle Market 2017-2021" report to their offering.The global sports utility vehicle market to grow at a CAGR of 19.03% during the period 2017-2021.

The global automotive market has also witnessed the emergence of new vehicle type such as cross-utility vehicles (CUVs), which share the similar design as that of an SUV but they are built on passenger car chassis rather than station wagon chassis.

The report covers the present scenario and the growth prospects of the global sports utility vehicle market for 2017-2021. To calculate the market size, the report analyses the global SUV market in the small-sized SUV, medium-sized SUV, and large-sized SUV segments. The report also includes a discussion of the key vendors operating in this market.

One trend in market is integration of advanced safety technologies to gain higher safety ratings. The global automotive industry is witnessing the development of safety technologies that has helped vehicles in becoming more safe and reliable on roads. The high fatality rates with the growing number of accidents have pushed the automakers to imbibe new safety technologies to make the vehicles safer to drive.

According to the report, one driver in market is automakers launching new models leading to new customer base. The global automotive industry is evolving rapidly with the emergence of new technologies and development of new vehicles. In the last decade, many new vehicles have been commercially viable to the mass market, especially with the entrance of new-age SUVs in the automotive market. The automakers have been working on the economics of demand and supply. In order to meet the potential demand, they have been working on the increasing the product line of SUVs.

Further, the report states that one challenge in market is smart mobility solutions may lead to decline in car ownership. The global automotive industry is witnessing some of the negative trends that are expected to transform the global SUV market. The growing mobility solutions such as car-sharing or pooling services may diversify the automotive industry.

Key Vendors:

   * Ford
   * GM
   * Daimler
   * Toyota
   * Volkswagen

Other Prominent Vendors:

   * Honda Motor
   * Nissan Motor

For more information about this report visit http://www.researchandmarkets.com/research/dggx74/global_sports

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Source:businesswire.com

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