1. What is the projected Compound Annual Growth Rate (CAGR) of the e-SUV Market?
The projected CAGR is approximately 14.1%.
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e-SUV Markete-SUV Market by Propulsion (BEV, HEV), by Size (Compact, Mid-Size, Full-Size), by Driving Range (Upto 150 Km, 150 to 300 Km, Above 300 Km), by Components (Body, Chassis, Powertrain (ICE, & Motor (Up to 20 kW, 20 to 100 kW, Above 100 kW), by By Propulsion (BEV, HEV), by Full- Size (By Driving Range), by Above 300 km (By Components), by Up to 20 kW 20 to 100 kW Above 100 kW Battery (Upto 10 kWh, 10 to 30 KWh, 30 to 60 kWh, Above 60 KWh), by Electronics Others (By Geography), by Europe (UK, Germany, France, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific) Forecast 2026-2034
The e-SUV Market size was valued at USD 176.67 USD Billion in 2023 and is projected to reach USD 444.80 USD Billion by 2032, exhibiting a CAGR of 14.1 % during the forecast period. An E-sport Utility vehicle (SUV) is a versatile car for both on- and off-road use that combines the elements of a traditional passenger car with a tough off-road vehicle. SUVs usually offer a spacious interior and a higher ground. They are often equipped with all-wheel or four-wheel systems, so they are suitable for different driving conditions and functions. Technical advances in the SUV market are constantly improving performance, safety and comfort. The innovations meet the diverse consumer needs of the automotive industry, from advanced driver assistance systems to hybrid and electric powertrains. SUVs offer versatility for city commuting, off-road adventures and family trips, offering a blend of utility and luxury that suits many lifestyle
Propulsion:
Size:
Driving Range:
Components:
September 2023 - Pravaig signed an MOU with the government of Saudi Arabia to accelerate the electric automotive industry in Saudi Arabia.
August 2023 - Porsche launched its powerful Cayenne Turbo S e-Hybrid model.
May 2023 - Range Rover announced the upgrade of its powertrain to a hybrid in its luxury SUV lineup.
April 2023 - MG Motor launched a plug-in hybrid SUV model in Mexico.
April 2023 - German luxury carmaker Mercedes launched the AMG GT 63 S E Performance hybrid model.
Our in-depth report provides a comprehensive analysis of the dynamic e-SUV market, offering invaluable insights for stakeholders. The report's key features include:
The report offers a detailed regional breakdown of the e-SUV market, providing specific analysis for North America, Europe, Asia-Pacific, and the Rest of the World, highlighting regional disparities in market growth, consumer preferences, and regulatory environments.
The report examines the pricing strategies adopted by major players in the e-SUV market.
Despite these challenges, the e-SUV market is expected to grow significantly in the coming years. The key growth opportunities for the market include:
The report provides detailed segmentation of the e-SUV market by propulsion, size, driving range, components, and region.
The report includes a comprehensive SWOT analysis of the e-SUV market.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 14.1% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 14.1%.
Key companies in the market include Tesla Inc. (U.S.), Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. ( Japan), BYD Company Ltd. (China), Ford Motor Company (U.S.), Hyundai Motor Company (South Korea), Mercedes-Benz (Germany), Nissan Motor Corporation (Japan), Volkswagen AG (Germany), AB Volvo (Sweden).
The market segments include Propulsion, Size, Driving Range, Components.
The market size is estimated to be USD 176.67 USD Billion as of 2022.
Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.
Rising Adoption of Automation in Manufacturing to Drive Market Growth.
High Manufacturing Costs and a Lack of Charging Infrastructure Might Obstruct Market Growth.
September 2023 - Pravaig signed an MOU with the government of Saudi Arabia to accelerate the electric automotive industry in Saudi Arabia. Pravaig is a Bangalore-based EV startup that introduced two electric SUV models, and the company will be setting up a manufacturing unit with a capacity of 1 million units.
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The market size is provided in terms of value, measured in USD Billion and volume, measured in Thousand Units.
Yes, the market keyword associated with the report is "e-SUV Market," which aids in identifying and referencing the specific market segment covered.
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