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インドのSUV市場予測　2024-2032年

INDIA SPORT UTILITY VEHICLE (SUV) MARKET FORECAST 2024-2032

出版社Inkwood Research
出版年月2024年8月
ページ数141
価格タイプシングルユーザライセンス
価格USD 1,100
種別英文調査報告書

当レポートはインドのSUV市場を分析・予測したInkwood Researchの市場調査報告書です。

Report Overview

KEY FINDINGS

The India sport utility vehicle (SUV) market is evaluated to rise at a CAGR of 7.06% across the forecasted period of 2024-2032. The market was valued at $45.71 billion in 2023, and is expected to reach a revenue of $84.33 billion by 2032.

MARKET INSIGHTS

The sport utility vehicle (SUV) market in India is experiencing significant growth, driven by a combination of government policies and evolving consumer preferences. The Indian government’s initiatives to promote environmentally friendly vehicles, particularly electric and hybrid SUVs, have been instrumental in this expansion. The implementation of Bharat Stage VI (BS6) emission standards in April 2020, aimed at reducing vehicular air pollution, has further supported the shift towards greener mobility solutions. Additionally, various subsidies and incentives for electric vehicles provided by the government have fostered the development of the SUV segment, emphasizing fuel efficiency and environmental sustainability, as reported by the Society of Indian Automobile Manufacturers.

Leading automotive manufacturers such as Maruti Suzuki, Hyundai, Tata Motors, and Mahindra & Mahindra have established a strong presence in the Indian SUV market. Maruti Suzuki, with its popular models like the Brezza and Grand Vitara, has reinforced its market position. Hyundai has achieved similar success with models such as the Creta and Venue, while Tata Motors has seen high demand for its Nexon and Harrier SUVs. Mahindra & Mahindra continues to lead with top-selling models like the Scorpio and XUV700. These brands have solidified their standing in the market through innovative designs and advanced features, as highlighted by reports from Autocar India.

Moreover, the SUV market in India is bolstered by increasing consumer demand for high-performance, technologically advanced vehicles. In 2024, India emerged as the third-largest car market globally, with SUVs accounting for over half of the passenger vehicle sales. This growth is fueled by the introduction of new models equipped with advanced driver assistance systems (ADAS) and other cutting-edge features. The ongoing shift towards electrification, supported by government incentives, has also played a critical role in the market’s expansion. An increasing number of consumers are opting for electric SUVs to reduce fuel costs and minimize environmental impact, according to reports from the Society of Indian Automobile Manufacturers. These factors, in turn, are set to boost the SUV market in India during the forecast period.

SEGMENTATION ANALYSIS

The India sport utility vehicle (SUV) market segmentation includes drivetrain type, SUV size, price range, seating capacity, and fuel type. The drivetrain type segment is further classified into two-wheel drive, four-wheel drive, and all-wheel drive.

Consumers who prioritize fuel efficiency and lower maintenance costs are increasingly gravitating towards the two-wheel drive (2WD) segment within the global sport utility vehicle (SUV) market. Typically offered in front-wheel drive configurations, these vehicles retain many of the advantages associated with traditional SUVs, such as higher ground clearance and spacious interiors, while delivering better fuel economy compared to their all-wheel drive counterparts. The 2WD SUV market is experiencing rapid growth, particularly in urban and suburban regions where off-road capabilities are less essential.

A standout model in the two-wheel drive category is the Honda CR-V, a compact SUV that combines practicality, comfort, and efficiency. The 2WD variant of the CR-V offers generous interior space, advanced safety features, and competitive fuel economy, making it an appealing choice for daily commuters and families alike. Similarly, the Toyota RAV4 2WD model has gained significant traction for its reliability, strong resale value, and the availability of hybrid powertrains, which appeal to environmentally conscious consumers.

COMPETITIVE INSIGHTS

Some of the major companies operating in the India sport utility vehicle (SUV) market include Tata Motors, Mahindra & Mahindra Ltd, Maruti Suzuki, etc.

Tata Motors Ltd (Tata Motors), headquartered in India, is a prominent manufacturer and distributor of automobiles, producing a wide range of vehicles, including passenger cars, utility vehicles, trucks, buses, and defense vehicles. In addition to its core automotive business, Tata Motors provides engineering services and automotive solutions. It also manufactures construction equipment, vehicle components, and supplies through various subsidiaries.

The company also engages in the production of machine tools, factory automation solutions, high-precision tooling, as well as plastic and electronic components for automotive and computer applications. Furthermore, Tata Motors manufactures engines for both industrial and marine applications. Its products are marketed under well-known brands such as Jaguar, Land Rover, and Tata Motors, with a global presence spanning Europe, the Middle East, North America, Africa, Asia, Russia, Oceania, Central America, and South America.

Table of Contents

TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.4.1. IMPACT OF COVID-19 ON THE SPORT UTILITY VEHICLE (SUV) MARKET
2.5. MAJOR MARKET FINDINGS
2.5.1. INCREASING ADOPTION OF ELECTRIC SUVS DRIVEN BY ENVIRONMENTAL CONCERNS AND INCENTIVES
2.5.2. GROWING POPULARITY OF CROSSOVER SUVS
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. GROWING PREFERENCE FOR SPACIOUS, VERSATILE VEHICLES
3.1.2. ADVANCEMENTS IN SAFETY FEATURES
3.1.3. INCREASING DEMAND FOR OFF-ROAD CAPABILITIES
3.2. KEY RESTRAINTS
3.2.1. HIGHER FUEL CONSUMPTION COMPARED TO SMALLER VEHICLES
3.2.2. URBAN PARKING CHALLENGES
3.2.3. HIGH INITIAL PURCHASE COST
4. KEY ANALYTICS
4.1. PARENT MARKET ANALYSIS
4.2. KEY MARKET TRENDS
4.2.1. INCREASING PREFERENCE FOR LUXURY SUVS
4.2.2. RISE OF ELECTRIC AND HYBRID SUV MODELS
4.2.3. EXPANSION OF SUV-COUPE MODELS
4.3. PORTER’S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING
4.4.1. GROWTH PROSPECT MAPPING FOR INDIA
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. VALUE CHAIN ANALYSIS
4.7.1. RAW MATERIALS
4.7.2. MANUFACTURERS
4.7.3. DISTRIBUTORS
4.7.4. END USER
4.8. KEY BUYING CRITERIA
4.8.1. COST
4.8.2. PRODUCT FEATURES
4.8.3. USABILITY
4.8.4. AVAILABILITY
5. MARKET BY DRIVETRAIN TYPE
5.1. TWO-WHEEL DRIVE
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. FOUR-WHEEL DRIVE
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. ALL-WHEEL DRIVE
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
6. MARKET BY SUV SIZE
6.1. SUBCOMPACT SUV
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. COMPACT SUV
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. MID-SIZE SUV
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
6.4. FULL-SIZE SUV
6.4.1. MARKET FORECAST FIGURE
6.4.2. SEGMENT ANALYSIS
7. MARKET BY PRICE RANGE
7.1. LUXURY
7.1.1. MARKET FORECAST FIGURE
7.1.2. SEGMENT ANALYSIS
7.2. MID-RANGE
7.2.1. MARKET FORECAST FIGURE
7.2.2. SEGMENT ANALYSIS
7.3. BUDGET
7.3.1. MARKET FORECAST FIGURE
7.3.2. SEGMENT ANALYSIS
8. MARKET BY SEATING CAPACITY
8.1. 5-SEATER
8.1.1. MARKET FORECAST FIGURE
8.1.2. SEGMENT ANALYSIS
8.2. 7-SEATER
8.2.1. MARKET FORECAST FIGURE
8.2.2. SEGMENT ANALYSIS
8.3. 8-SEATER & ABOVE
8.3.1. MARKET FORECAST FIGURE
8.3.2. SEGMENT ANALYSIS
9. MARKET BY FUEL TYPE
9.1. GASOLINE
9.1.1. MARKET FORECAST FIGURE
9.1.2. SEGMENT ANALYSIS
9.2. DIESEL
9.2.1. MARKET FORECAST FIGURE
9.2.2. SEGMENT ANALYSIS
9.3. HYBRID
9.3.1. MARKET FORECAST FIGURE
9.3.2. SEGMENT ANALYSIS
9.4. ELECTRIC
9.4.1. MARKET FORECAST FIGURE
9.4.2. SEGMENT ANALYSIS
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
10.1.3. PARTNERSHIPS & AGREEMENTS
10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
10.2. COMPANY PROFILES
10.2.1. AUDI AG
10.2.1.1. COMPANY OVERVIEW
10.2.1.2. PRODUCT LIST
10.2.1.3. STRENGTHS & CHALLENGES
10.2.2. TOYOTA MOTOR CORPORATION
10.2.2.1. COMPANY OVERVIEW
10.2.2.2. PRODUCT LIST
10.2.2.3. STRENGTHS & CHALLENGES
10.2.3. HYUNDAI MOTOR COMPANY
10.2.3.1. COMPANY OVERVIEW
10.2.3.2. PRODUCT LIST
10.2.3.3. STRENGTHS & CHALLENGES
10.2.4. TATA MOTORS
10.2.4.1. COMPANY OVERVIEW
10.2.4.2. PRODUCT LIST
10.2.4.3. STRENGTHS & CHALLENGES
10.2.5. MAHINDRA & MAHINDRA LTD
10.2.5.1. COMPANY OVERVIEW
10.2.5.2. PRODUCTS
10.2.5.3. STRENGTHS & CHALLENGES
10.2.6. MARUTI SUZUKI
10.2.6.1. COMPANY OVERVIEW
10.2.6.2. PRODUCTS
10.2.6.3. STRENGTHS & CHALLENGES

List of Tables

LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – INDIA SPORT UTILITY VEHICLE (SUV)
TABLE 2: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY DRIVETRAIN TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 3: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY DRIVETRAIN TYPE, FORECAST YEARS, 2024-2032 (IN $ BILLION)
TABLE 4: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY SUV SIZE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 5: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY SUV SIZE, FORECAST YEARS, 2024-2032 (IN $ BILLION)
TABLE 6: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY PRICE RANGE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 7: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY PRICE RANGE, FORECAST YEARS, 2024-2032 (IN $ BILLION)
TABLE 8: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY SEATING CAPACITY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 9: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY SEATING CAPACITY, FORECAST YEARS, 2024-2032 (IN $ BILLION)
TABLE 10: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY FUEL TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)
TABLE 11: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY FUEL TYPE, FORECAST YEARS, 2024-2032 (IN $ BILLION)
TABLE 12: LIST OF MERGERS & ACQUISITIONS
TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

List of Figures

LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR INDIA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, GROWTH POTENTIAL, BY DRIVETRAIN TYPE, IN 2023
FIGURE 9: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY TWO-WHEEL DRIVE, 2024-2032 (IN $ BILLION)
FIGURE 10: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY FOUR-WHEEL DRIVE, 2024-2032 (IN $ BILLION)
FIGURE 11: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY ALL-WHEEL DRIVE, 2024-2032 (IN $ BILLION)
FIGURE 12: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, GROWTH POTENTIAL, BY SUV SIZE, IN 2023
FIGURE 13: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY SUBCOMPACT SUV, 2024-2032 (IN $ BILLION)
FIGURE 14: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY COMPACT SUV, 2024-2032 (IN $ BILLION)
FIGURE 15: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY MID-SIZE SUV, 2024-2032 (IN $ BILLION)
FIGURE 16: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY FULL-SIZE SUV, 2024-2032 (IN $ BILLION)
FIGURE 17: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, GROWTH POTENTIAL, BY PRICE RANGE, IN 2023
FIGURE 18: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY LUXURY, 2024-2032 (IN $ BILLION)
FIGURE 19: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY MID-RANGE, 2024-2032 (IN $ BILLION)
FIGURE 20: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY BUDGET, 2024-2032 (IN $ BILLION)
FIGURE 21: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, GROWTH POTENTIAL, BY SEATING CAPACITY, IN 2023
FIGURE 22: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY 5-SEATER, 2024-2032 (IN $ BILLION)
FIGURE 23: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY 7-SEATER, 2024-2032 (IN $ BILLION)
FIGURE 24: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY 8-SEATER & ABOVE, 2024-2032 (IN $ BILLION)
FIGURE 25: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, GROWTH POTENTIAL, BY FUEL TYPE, IN 2023
FIGURE 26: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY GASOLINE, 2024-2032 (IN $ BILLION)
FIGURE 27: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY DIESEL, 2024-2032 (IN $ BILLION)
FIGURE 28: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY HYBRID, 2024-2032 (IN $ BILLION)
FIGURE 29: INDIA SPORT UTILITY VEHICLE (SUV) MARKET, BY ELECTRIC, 2024-2032 (IN $ BILLION)

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