Technological advancements, increasing
consumer inclination towards off-roading activities and growing product
portfolio to fuel Europe
SUV market through 2023
According
to TechSci Research report, “Europe
SUV Market By Length, By Engine Capacity, By Fuel Type, By Country,
Competition Forecast & Opportunities, 2013 – 2023”, the Europe SUV market is forecast to reach $
302.7 billion by 2023, backed by growing appeal of SUVs’ benefits such as
higher
seating position, comfort and performance on motorway driving. Technological
advancements, rising acceptance of hybrid and electric SUVs, and growing preference
for off-roading activities are some of the other factors that are expected to
fuel the region’s SUV market in the coming years. Launch of new models and growing
popularity of compact SUVs are anticipated to further boost the sales of SUVs
in Europe.
Browse 87
market data Tables and Figures spread through 105 Pages and an
in-depth TOC on "Europe SUV Market" https://www.techsciresearch.com/report/europe-suv-market/3357.html
In Europe SUV market, SUV-C segment accounts for
the largest share in terms of vehicle length, owing to growing popularity of
compact SUVs that are available at a lesser price and have many features
similar to that of a big SUV. Germany SUV market is the largest across the region,
as the European country is one of the hubs of automotive industry in the world.
Backed by the presence of major automobile manufacturing companies, high per
capita income, and expanding operations of global automakers in the country,
Germany is expected to maintain its market dominance in the coming years.
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“Rising demand for performance vehicles and
comfortable ride experience, growing consumer preference for off-roading
recreational activities, and increasing focus of the automakers towards
manufacturing high engine capacity vehicles with advanced safety and
infotainment systems in SUVs is anticipated to aid growth in the Europe SUV
market during the forecast period. Moreover, increasing efforts of automakers
to develop eco-friendly models to address the environmental concerns would drive
the Europe SUV market in the coming years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe
SUV Market By Length, By Engine Capacity, By Fuel Type, By Country, Competition
Forecast & Opportunities, 2013 – 2023” has analyzed the potential of SUV market across the region,
and provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the Europe SUV market.
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