The global luxury car market has seen been relatively
untouched by the financial crisis and has been posting growth driven by the
emerging markets. The three German players BMW, Audi and Mercedes-Benz account
for approximately 80% share of the global luxury car market. BMW is the global
leader in the luxury car segment, followed by Mercedes-Benz and Audi.
Post a six-year decline now there is optimism for
Europe where the luxury car market was expected to expand by 2% in 2014. China
became the largest auto market in the world in 2009, leaving the US behind. Be
it passenger cars or luxury, China is the new focus market for auto
manufacturers around the world. It is projected that the luxury car market in
China will grow at an annual compounded rate of 12% in 2014-2020 while the
overall passenger car market will grow at 8%.
Focus markets for luxury cars players is expected to
be the United States and China. These two markets have been contributing the
maximum to the sales of the top 3 German manufacturers. We feel that the luxury
car market will witness intense price competition among players who will be
offering steep discounts and promotion offers over the next five years.
Why should the
report be purchased?
The report ‘A
Study of the Global Luxury Car Market 2015-2020’highlights key dynamics
ofthe global luxury car market. The growing opportunity in the sector has been
investigated along with analysis of the four major markets of luxury cars:
United States, Europe, China and India.The Initiatives and performance of key
global playersincluding Volkswagen AG, Daimler AG, BayerischeMotorenWerke AG
(BMW), Tata Motors Limited and General Motors Companyalong with current market
scenario has also been studied. The report contains latest industry leaders
verbatim.
Research
methodology
Publisher has conducted in depth secondary research
to arrive at key insights. Data collected from key public industry sources and
publications has been scanned and analyzed impartially to present a clear
picture of the industry. All recent developments which impact the sector
dynamics have been captured and used to support the research hypothesis.
Spanning over 50 pages “A Study of the Global Luxury Car Market 2015 - 2020” report
covers Analyst Opinion, Infographic, Global Luxury Car Market Overview, Market
Drivers, Emerging Trends, Key Luxury Car Markets, Key Players, Challenges,
Outlook, Research Methodology. The report covered companies are - Volkswagen
AG, Daimler AG, Bayerische Motoren Werke AG (BMW), Tata Motors Limited, General
Motors Company
For more information Visit at: http://mrr.cm/ojG
Find all Automotive
Report at: http://www.marketresearchreports.com/automotive
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