SUV市場規模、シェア、動向、2032年までの世界予測

SUV Market - Global Forecast to 2032

SUV Market (Mini, Compact, Mid- & Full-Size, MPV), Propulsion (Diesel, Gasoline, Electric), Class (B, C, D, E), Seating Capacity (5-seater,>5-seater), EV Type (BEV, PHEV, FCEV), and Region - Forecast to 2032

商品番号 : SMB-22520

出版社MarketsandMarkets
出版年月2025年11月
ページ数307
図表数389
価格タイプ シングルユーザライセンス
価格USD 4,950
種別英文調査報告書

SUV市場(ミニ、コンパクト、ミッド&フルサイズ、MPV)、駆動方式(ディーゼル、ガソリン、電気)、クラス(B、C、D、E)、座席数(5人乗り、5人乗り以上)、EVタイプ(BEV、PHEV、FCEV)、地域別 – 2032年までの予測

SUV市場は2025年の1兆1,803億ドルから2032年には1兆6,735億7,000万ドルに成長し、年平均成長率5.1%を記録すると予想されています。

米国と欧州では、先進的なシャシーアーキテクチャがSUVの需要を牽引する傾向が強まっており、OEM各社はアダプティブエアサスペンション、アクティブロールコントロール、地形適応型トルクマネジメントシステムなどを統合することで、オンロードでのダイナミクスとオフロードでのアーティキュレーションを向上させています。プレミアムSUVの成長は、ゾーンE/Eアーキテクチャへの移行によって支えられており、リアルタイムダンピングコントロール、予測型ADAS機能、アクティブノイズキャンセリングによるNVH(騒音・振動・ハーシュネス)遮断性能の向上が実現しています。高性能e-SUVへの消費者需要により電動化が加速しており、OEM各社は800Vプラットフォーム、高密度NMCバッテリーパック、そして欧米市場における重要な性能差別化要因である高い牽引力と耐熱性を実現するマルチモーターeアクスルへと移行しています。

中国、インド、そして日本では、モジュラースケートボード型プラットフォームとマルチエネルギープラットフォームによって、コンパクトSUVとミッドサイズSUVの勢いが加速しています。これらのプラットフォームにより、OEMは車両アーキテクチャの再設計を必要とせずに、ハイブリッド、ターボガソリン、そしてBEVのパワートレインをパッケージ化することが可能になっています。1.0~1.5Lターボチャージャー付きGDIエンジン、e-CVTを備えたストロングハイブリッドシステム、そしてローカライズされたバッテリーモジュールへの移行により、SUVはセダンよりも効率性とコスト競争力を高めています。中国とインドのメーカーは、軽量マルチリンク式リアサスペンション、高強度スチール製ケージ、コンパクトなe-ドライブユニットも採用し、競争力のある価格を維持しながら、ハンドリングと衝突安全性を向上させています。

調査対象範囲:

本調査では、SUV市場をタイプ(ミニ、コンパクト、ミッドサイズ、フルサイズ、MPV/MUV)、乗車定員(5人乗り、5人乗り超)、駆動方式(ディーゼル、ガソリン、電気)、クラス(B、C、D、E)、電気自動車およびハイブリッド車の種類(BEV、PHEV、FCEV)、および地域(アジア太平洋、ヨーロッパ、南北アメリカ)に基づいてセグメント化し、市場規模を予測しています。

本レポートを購入する主なメリット

本調査では、主要市場プレーヤーの包括的な競合分析を提供しています。企業概要、製品および事業内容に関する主要な洞察、最近の動向、主要な市場戦略などが含まれています。本レポートは、市場リーダー企業および新規参入企業にとって、SUV市場全体とそのサブセグメントの売上高の推定に役立ちます。また、ステークホルダーが競争環境を理解し、事業のポジショニングを改善し、効果的な市場開拓戦略を策定するための知見を得るのに役立ちます。さらに、主要な市場牽引要因、制約要因、課題、機会に関する情報も提供しており、ステークホルダーが市場動向に関する最新情報を常に把握できるよう支援します。

本レポートでは、以下の点について考察しています。

  • SUV市場の成長に影響を与える主要な推進要因(先進機能を備えたプレミアムカーの需要と、コンパクトおよびミッドサイズSUVへの消費者志向)、制約要因(SUVの高価格)、機会(電動化のトレンド)、課題(電気SUVの燃費・排出ガス規制の遵守、航続距離の制限)の分析
  • 製品開発/イノベーション:SUV市場における今後の技術、研究開発活動、新製品投入に関する詳細な洞察
  • 市場開発:収益性の高い市場に関する包括的な情報。本レポートでは、様々な地域におけるSUVの分析を提供しています。
  • 市場多様化:SUV市場における新製品、未開拓地域、最近の動向、投資に関する包括的な情報
  • 競合評価:トヨタ自動車(日本)、ヒュンダイ自動車(韓国)、本田技研工業(日本)、ゼネラルモーターズ(米国)、フォード・モーター(米国)、ステランティス(オランダ)といった主要企業の市場シェア、成長戦略、サービス提供に関する詳細な評価

Report Description

The SUV market is expected to grow from USD 1,180.30 billion in 2025 to USD 1,673.57 billion in 2032, registering a CAGR of 5.1%.

In the US and Europe, SUV demand is increasingly driven by advanced chassis architectures, where OEMs are integrating adaptive air suspensions, active roll control, and terrain-calibrated torque management systems to enhance both on-road dynamics and off-road articulation. Premium SUV growth is supported by the shift to zonal E/E architectures, enabling real-time damping control, predictive ADAS functions, and improved NVH isolation through active noise cancellation. Electrification is accelerating due to consumer demand for high-performance e-SUVs, pushing OEMs toward 800V platforms, high-density NMC battery packs, and multi-motor e-axles that deliver higher towing capacity and thermal robustness, critical performance differentiators in the Western market.

SUV市場規模、シェア、動向、2032年までの世界予測
SUV Market – Global Forecast to 2032

In China, India, and Japan, the momentum for compact and mid-size SUVs is being shaped by modular skateboard and multi-energy platforms that enable OEMs to package hybrid, turbo-petrol, and BEV powertrains without requiring redesign of the vehicle architecture. The shift toward 1.0–1.5L turbocharged GDI engines, strong-hybrid systems with e-CVTs, and localized battery modules has made SUVs more efficient and cost-competitive than sedans. Chinese and Indian manufacturers are also deploying lightweight multilink rear suspensions, high-strength steel cages, and compact e-drive units to improve handling and crash safety while maintaining aggressive pricing.

“The 5-seater segment is expected to hold a larger market share during the forecast period.”

Mini, compact, and select mid-size SUVs in Asia Pacific and Europe continue to gain traction due to their optimized 2-row configurations, which balance urban maneuverability with enhanced cabin ergonomics. In Asia Pacific, increased disposable income and rapid urban expansion are pushing young buyers toward SUVs that integrate advanced infotainment domains, ADAS Level 1–2 features, and high-efficiency turbo-hybrid powertrains, delivering premium functionality without the pricing burden of larger segments. Automakers are also leveraging localized modular platforms (e.g., CMP, TNGA-B, BMA) to engineer roomier 5-seater layouts and maximize interior volume despite compact exterior footprints, directly appealing to dense-city use cases.

In Europe, the surge in premium 5-seater mid-size SUVs is driven by the demand for vehicles that combine long-distance comfort, upgraded multilink rear suspensions, and enhanced cargo capacity while remaining compliant with stringent EU emissions and safety norms. European OEMs, such as Volkswagen, BMW, Mercedes-Benz, Škoda, and Audi, are expanding their portfolios with models featuring 48V mild-hybrid integration, advanced chassis domain control units, and high-strength, lightweight structures to improve both efficiency and dynamic capability. These engineering advancements, combined with consumer preferences for spacious yet city-suitable vehicles, are reinforcing the growth of the 5-seater SUV segment.

SUV市場規模、シェア、動向、2032年までの世界予測 - by type
SUV Market – Global Forecast to 2032 – by type

“Class D is expected to be the largest segment during the forecast period.”

Class D continues to dominate global SUV demand, as India, China, and Thailand shift toward larger, multi-row vehicles built on scalable architectures like MQB, TNGA-K, SPA, and CLAR, which enable higher wheelbases and improved cabin packaging. These models increasingly feature electrified AWD (e-axles), 2.0–3.0L turbocharged powertrains, and multilink rear suspensions, providing superior tractability and high-speed stability compared to smaller classes. Rising consumer preference for 3-row flexibility, higher towing capacity, and long-distance ride comfort continues to make Class-D SUVs attractive in both ICE and hybrid categories. Premium OEMs, including BMW, Mercedes-Benz, Lexus, Land Rover, and Cadillac, are upgrading this segment with 48V systems, advanced ADAS L2+/L3 preparation, and lightweight aluminum subframes, further driving market growth. As emerging markets upscale and infrastructure improves, Class-D SUVs are becoming the default choice for families seeking larger footprint vehicles with premium mechanical and software capabilities.

SUV市場規模、シェア、動向、2032年までの世界予測 - 地域
SUV Market – Global Forecast to 2032 – region

The Americas is expected to be the second-largest market during the forecast period.”

The Americas remain the second-largest SUV market, driven by strong demand for premium D- and E-segment SUVs equipped with high-output turbo/V6 engines, electrified AWD systems, and advanced ADAS L2+ suites. In the US, luxury OEMs now generate 70–80% of their premium volumes from SUVs, supported by consumer preference for high ground clearance, tow ratings above 3,500–5,000 lbs, multi-terrain drive modes, and long-wheelbase comfort. The shift toward hybrid and extended-range SUV architectures is accelerating as CAFE and EPA standards tighten, pushing Ford, GM, and Stellantis to expand battery-electric body-on-frame platforms. Full-size and three-row SUVs remain dominant due to their superior cabin space and payload/towing capability, making them the preferred choice across the US and Canada. Mexico contributes to strong growth in compact and mid-size SUVs, driven by cost-sensitive buyers and the expansion of local manufacturing by Asian OEMs. The competitive landscape is intensifying as Tesla, Hyundai–Kia, BMW, and Toyota scale up regional production of electric and hybrid SUVs, reshaping the powertrain mix and supply chain localization.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Automotive OEMs – 90%, Tier 1 – 10%
  • By Designation: C-level – 35%, Director Level – 55%, Others – 10%
  • By Region: North America – 20%, Europe – 45%, Asia Pacific – 30%, Rest of the World – 5%
SUV市場規模、シェア、動向、2032年までの世界予測 - 対象企業
SUV Market – Global Forecast to 2032 – ecosystem

The SUV market is dominated by established players, such as Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), Honda Motor Co., Ltd. (Japan), General Motors (US), Ford Motor Company (US), and Stellantis (Netherlands).

Research Coverage:

The study segments the SUV market and forecasts the market size based on type (mini, compact, mid-size, full-size, MPV/MUV), seating capacity (5-seater, >5-seater), propulsion (diesel, gasoline, electric), class (B, C, D, E), electric & hybrid vehicle type (BEV, PHEV, FCEV), and region (Asia Pacific, Europe, Americas).

Key Benefits of Purchasing this Report

The study provides a comprehensive competitive analysis of key market players, including their company profiles, key insights into product and business offerings, recent developments, and primary market strategies. The report will assist market leaders and new entrants with estimates of revenue figures for the overall SUV market and its subsegments. It helps stakeholders understand the competitive landscape and gain additional insights to better position their businesses and develop effective go-to-market strategies. Additionally, the report provides information on key market drivers, restraints, challenges, and opportunities, enabling stakeholders to stay informed about market dynamics.

The report provides insights into the following points:

  • Analysis of key drivers (demand for premium vehicles with advanced features and consumer inclination toward compact and mid-size SUVs), restraints (high cost of SUVs), opportunities (trend of electrification), and challenges (Adherence to fuel economy and emission limits and range limitations of electric SUVs) influencing the growth of the SUV market
  • Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the SUV market
  • Market Development: Comprehensive information about lucrative markets; the report analyzes the SUV across various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the SUV market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), Honda Motor (Japan), General Motors (US), Ford Motor Company (US), and Stellantis (Netherlands)

Table of Contents

1               INTRODUCTION              27

1.1           STUDY OBJECTIVES       27

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   28

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      28

1.3.2        INCLUSIONS AND EXCLUSIONS 29

1.3.3        YEARS CONSIDERED      29

1.4           CURRENCY CONSIDERED            29

1.5           UNIT CONSIDERED        30

1.6           STAKEHOLDERS               30

1.7           SUMMARY OF CHANGES               31

2               EXECUTIVE SUMMARY  32

2.1           KEY INSIGHTS AND MARKET HIGHLIGHTS          32

2.2           KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS              33

2.3           DISRUPTIVE TRENDS IN SUV MARKET   34

2.4           HIGH-GROWTH SEGMENTS        34

2.5           REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST                35

2.6           SUV PRODUCTION VS. SALES OUTLOOK               36

2.7           SUV PRODUCTION VS. TOTAL CAR PRODUCTION OUTLOOK           36

3               PREMIUM INSIGHTS       38

3.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SUV MARKET               38

3.2           SUV MARKET, BY TYPE  38

3.3           SUV MARKET, BY SEATING CAPACITY    39

3.4           SUV MARKET, BY CLASS                39

3.5           SUV MARKET, BY PROPULSION 40

3.6           ELECTRIC SUV MARKET, BY TYPE            40

3.7           SUV MARKET, BY REGION            41

4               MARKET OVERVIEW       42

4.1           INTRODUCTION              42

4.2           MARKET DYNAMICS       42

4.2.1        DRIVERS               43

4.2.1.1    Surge in demand for premium vehicles with advanced features                 43

4.2.1.2    Consumer inclination toward compact and mid-size SUVs                 44

4.2.1.3    Launch of new EV models by major OEMs     45

4.2.2        RESTRAINTS      45

4.2.2.1    High cost of SUVs                45

4.2.3        OPPORTUNITIES              46

4.2.3.1    Trend of electrification        46

4.2.4        CHALLENGES    47

4.2.4.1    Adherence to fuel economy and emission limits              47

4.2.4.2    Range limitations of electric SUVs    47

4.3           UNMET NEEDS AND WHITE SPACES       48

4.4           INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES              48

4.5           STRATEGIC MOVES BY TIER-1/2/3 SUPPLIERS    49

5               TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT,

PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS                 50

5.1           KEY TECHNOLOGIES     50

5.1.1        800V ELECTRIFIED POWERTRAIN SYSTEMS         50

5.1.2        ADAS AND AUTONOMOUS DRIVING SUITES       50

5.2           COMPLEMENTARY TECHNOLOGIES       53

5.2.1        AR-BASED HEAD-UP DISPLAYS 53

5.2.2        PACKAGED FUEL CELL POWER MODULES           54

5.3           TECHNOLOGY ROADMAP            54

5.3.1        SHORT-TERM ROADMAP              54

5.3.2        MID-TERM ROADMAP   55

5.3.3        LONG-TERM ROADMAP                55

5.4           PATENT ANALYSIS          56

5.5           FUTURE APPLICATIONS               60

5.6           IMPACT OF AI/GEN AI   60

5.6.1        TOP USE CASES AND MARKET POTENTIAL          60

5.6.2        BEST PRACTICES              61

5.6.3        CASE STUDIES OF AI IMPLEMENTATION              62

5.6.4        INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS           62

5.6.5        CLIENTS’ READINESS TO ADOPT AI/GEN AI        63

5.6.6        SUCCESS STORIES AND REAL-WORLD APPLICATIONS                 63

5.6.6.1    Ford Motor Company: AI for adaptive vehicle diagnostics and predictive maintenance        63

5.6.6.2    Mercedes-Benz Group: Gen AI for personalized in-cabin experience and design optimization  63

5.6.6.3    Hyundai Motor Company: AI for energy management and off-road performance optimization          63

6               CUSTOMER LANDSCAPE AND BUYER BEHAVIOR                 64

6.1           DECISION-MAKING PROCESS     64

6.2           BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA             65

6.2.1        KEY STAKEHOLDERS IN BUYING PROCESS           65

6.2.2        BUYING CRITERIA           66

6.3           ADOPTION BARRIERS AND INTERNAL CHALLENGES                 67

6.4           UNMET NEEDS FROM END-USE INDUSTRIES      68

6.5           MARKET PROFITABILITY             69

6.5.1        REVENUE POTENTIAL   69

6.5.2        COST DYNAMICS             69

6.5.3        MARGIN OPPORTUNITIES BY APPLICATION       69

7               REGULATORY LANDSCAPE         70

7.1           REGIONAL REGULATIONS AND COMPLIANCE   70

7.1.1        REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  70

7.1.2        INDUSTRY STANDARDS                73

8               INDUSTRY TRENDS         75

8.1           MACROECONOMIC INDICATORS              75

8.1.1        INTRODUCTION              75

8.1.2        GDP TRENDS AND FORECAST   75

8.1.3        TRENDS IN SUV INDUSTRY         76

8.2           ECOSYSTEM ANALYSIS  77

8.2.1        OEMS    77

8.2.2        COMPONENT MANUFACTURERS              78

8.2.3        SOFTWARE PROVIDERS                 78

8.2.4        SUV CHARGING PROVIDERS       78

8.2.5        BATTERY MANUFACTURERS      78

8.2.6        END USERS         78

8.3           SUPPLY CHAIN ANALYSIS             80

8.4           PRICING ANALYSIS          81

8.4.1        AVERAGE SELLING PRICE OF SUVS OFFERED BY KEY PLAYERS, 2024   81

8.4.2        AVERAGE SELLING PRICE OF ICE SUVS, BY REGION, 2024                 82

8.4.3        AVERAGE SELLING PRICE OF ELECTRIC SUVS, BY REGION, 2024     82

8.5           TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS            83

8.6           INVESTMENT AND FUNDING SCENARIO               83

8.7           FUNDING, BY APPLICATION       84

8.8           KEY CONFERENCES AND EVENTS, 2025–2026        85

8.9           TRADE ANALYSIS             86

8.9.1        IMPORT SCENARIO (HS CODE 870380)    86

8.9.2        EXPORT SCENARIO (HS CODE 870380)    87

8.10         CASE STUDY ANALYSIS 88

8.10.1      ELECTRIFIED SUV MANUFACTURING EXPANSION                 88

8.10.2      PREMIUM ELECTRIC SUV PORTFOLIO REVAMP 88

8.10.3      STRATEGIC INVESTMENTS FOR MARKET DIVERSIFICATION           89

8.11         EXISTING AND UPCOMING SUV MODELS             89

8.12         TOTAL COST OF OWNERSHIP   90

8.13         ICE VS. EV PRICE COMPARISON 91

8.14         BILL OF MATERIALS       92

8.15         GLOBAL SUV L*H ANALYSIS        93

8.16         GLOBAL ELECTRIC SUV L*H ANALYSIS  94

8.17         SUV VS. TOTAL PASSENGER VEHICLE VOLUME SALES, 2018–2023              95

8.18         SUV VS. TOTAL PASSENGER VEHICLE VOLUME SALES, 2024−2030            95

8.19         SUV PENETRATION IN TOTAL PASSENGER CAR SALES, 2018−2030            96

8.20         GLOBAL SUV SALES, BY TYPE, 2023−2030              97

8.21         GLOBAL SUV SALES, BY PROPULSION, 2023−2030                 97

8.22         GLOBAL SUV SALES, BY REGION, 2018−2030        98

8.23         SUV L*H ANALYSIS, BY REGION 99

8.23.1      NORTH AMERICA             99

8.23.2      EUROPE               100

8.23.3      ASIA PACIFIC     100

8.24         GLOBAL AVERAGE BATTERY COST ANALYSIS    101

8.25         ELECTRIC SUV BATTERY CAPACITY VS. RANGE ANALYSIS            103

8.26         ELECTRIC SUV PRICING VS. RANGE ANALYSIS   104

8.27         FUEL CELLS IN SUV         104

8.28         SUV PLATFORMS              105

8.28.1      CURRENT SUV PLATFORMS        106

8.28.2      FUTURE OF SUV PLATFORMS    106

8.29         SUV MANUFACTURING PLANTS BY OEM AND LOCATION          106

8.30         SUV L*H ANALYSIS, BY OEM        108

8.30.1      TOYOTA GROUP              108

8.30.2      VOLKSWAGEN GROUP  109

8.30.3      HYUNDAI MOTOR COMPANY    110

9               SUV MARKET, BY TYPE  111

9.1           INTRODUCTION              112

9.2           MINI      114

9.2.1        LOWER OWNERSHIP COST TO DRIVE MARKET  114

9.3           COMPACT           115

9.3.1        INCREASED CONSUMER PREFERENCE DUE TO POWERTRAIN VARIANTS AND AFFORDABILITY TO DRIVE MARKET               115

9.4           MID-SIZE             117

9.4.1        BETTER FUNCTIONALITY AND PRACTICAL FEATURES TO DRIVE MARKET         117

9.5           FULL-SIZE           118

9.5.1        LARGER CABIN AREA AND SUPERIOR ENGINE PERFORMANCE TO DRIVE MARKET        118

9.6           MPV/MUV           120

9.6.1        PREFERENCE FOR COMPACT AND MID-SIZE SUVS TO IMPEDE MARKET              120

9.7           PRIMARY INSIGHTS        121

10            SUV MARKET, BY CLASS                122

10.1         INTRODUCTION              123

10.2         CLASS B                125

10.2.1      ONGOING ENGINEERING UPGRADES TO DRIVE MARKET               125

10.3         CLASS C                126

10.3.1      LONG-WHEELBASE PACKAGING AND ADVANCED SAFETY ELECTRONICS TO DRIVE MARKET          126

10.4         CLASS D                128

10.4.1      IMPROVED CONVENIENCE WITH OFF-ROADING CAPABILITIES TO DRIVE MARKET            128

10.5         CLASS E                129

10.5.1      HIGHER ACCEPTANCE OF LUXURY VEHICLES IN NORTH AMERICA TO DRIVE MARKET     129

10.6         PRIMARY INSIGHTS        130

11            SUV MARKET, BY SEATING CAPACITY    131

11.1         INTRODUCTION              132

11.2         5-SEATER             133

11.2.1      HIGH DEMAND FOR COMPACT SUVS IN EMERGING COUNTRIES TO DRIVE MARKET                133

11.3         >5-SEATER          135

11.3.1      INCLINATION FOR FULL-SIZE SUVS TO DRIVE MARKET                 135

11.4         PRIMARY INSIGHTS        136

12            SUV MARKET, BY PROPULSION 137

12.1         INTRODUCTION              138

12.2         GASOLINE           139

12.2.1      PUSH FOR CLEANER FUEL WITH ENHANCED PERFORMANCE TO DRIVE MARKET        139

12.3         DIESEL 141

12.3.1      GLOBAL ADOPTION OF EURO 6/VI, BS-VI PHASE II, CHINA 6B,

AND US TIER 3 STANDARDS TO IMPEDE MARKET             141

12.4         ELECTRIC            142

12.4.1      STRINGENT EMISSION NORMS AND HIGHER FUEL EFFICIENCY TO DRIVE MARKET                142

12.5         PRIMARY INSIGHTS        143

13            ELECTRIC SUV MARKET, BY TYPE            144

13.1         INTRODUCTION              145

13.2         BEV        146

13.2.1      DEVELOPMENT OF HIGH-RANGE BATTERIES AND FAST CHARGING INFRASTRUCTURE TO DRIVE MARKET          146

13.3         PHEV     148

13.3.1      ELEVATED DEMAND FOR FLEXIBLE POWERTRAINS TO DRIVE MARKET 148

13.4         FCEV     149

13.4.1      SUBSTANTIAL INVESTMENTS IN NEWER MODELS TO DRIVE MARKET 149

13.5         PRIMARY INSIGHTS        151

14            SUV SALES, BY TYPE       152

14.1         INTRODUCTION              152

14.2         COMPACT           153

14.2.1      ASIA PACIFIC     153

14.2.2      EUROPE               153

14.2.3      AMERICAS           153

14.3         MID-SIZE             154

14.3.1      ASIA PACIFIC     154

14.3.2      EUROPE               154

14.3.3      AMERICAS           155

14.4         FULL-SIZE           155

14.4.1      ASIA PACIFIC     155

14.4.2      EUROPE               156

14.4.3      AMERICAS           156

15            SUV MARKET, BY REGION            157

15.1         INTRODUCTION              158

15.2         ASIA PACIFIC     159

15.2.1      CHINA  162

15.2.1.1  Strong demand for compact and mid-size SUVs to drive market                 162

15.2.2      INDIA    163

15.2.2.1  Recent launches and feature updates to drive market    163

15.2.3      JAPAN   165

15.2.3.1  Consumer preference for advanced features with improved cabin comfort to drive market       165

15.2.4      SOUTH KOREA  166

15.2.4.1  Rapid shift toward hybrid and electric SUVs to drive market                 166

15.2.5      INDONESIA        168

15.2.5.1  Preference for family-oriented vehicles to drive market                 168

15.2.6      REST OF ASIA PACIFIC   169

15.3         EUROPE               171

15.3.1      GERMANY           174

15.3.1.1  High demand for premium cars to drive market              174

15.3.2      FRANCE                175

15.3.2.1  Shift toward hybrid and fully electric SUVs due to regulatory pressures to drive market    175

15.3.3      ITALY    177

15.3.3.1  Rise of electrification and urban-friendly designs to drive market                 177

15.3.4      SPAIN    178

15.3.4.1  Strong consumer demand to drive market        178

15.3.5      UK          180

15.3.5.1  High per capita income and robust economic conditions to drive market    180

15.3.6      CZECH REPUBLIC            181

15.3.6.1  Strong supplier networks and favorable production ecosystem to drive market          181

15.3.7      SLOVAKIA           183

15.3.7.1  Significant presence of OEMs to drive market                 183

15.3.8      RUSSIA 184

15.3.8.1  Growing consumer interest in hybrid and fully electric SUVs to drive market          184

15.3.9      REST OF EUROPE             186

15.4         AMERICAS           187

15.4.1      US           189

15.4.1.1  High demand for powerful vehicles for off-roading to drive market    189

15.4.2      CANADA               191

15.4.2.1  Regulatory push toward sustainability to drive market  191

15.4.3      MEXICO                193

15.4.3.1  Rise in domestic purchasing power and proximity to US to drive market    193

15.4.4      BRAZIL 194

15.4.4.1  Competitive manufacturing costs and availability of skilled labor to drive market      194

15.5         PRIMARY INSIGHTS        196

16            COMPETITIVE LANDSCAPE         197

16.1         INTRODUCTION              197

16.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025                 197

16.3         MARKET SHARE ANALYSIS, 2024                 199

16.4         REVENUE ANALYSIS, 2020–2024  202

16.5         COMPANY VALUATION AND FINANCIAL METRICS                 202

16.6         BRAND/PRODUCT COMPARISON             203

16.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 205

16.7.1      STARS   205

16.7.2      EMERGING LEADERS     205

16.7.3      PERVASIVE PLAYERS      205

16.7.4      PARTICIPANTS 205

16.7.5      COMPANY FOOTPRINT 207

16.7.5.1  Company footprint               207

16.7.5.2  Region footprint   208

16.7.5.3  Propulsion footprint             209

16.7.5.4  Application footprint            210

16.7.5.5  Type footprint       211

16.8         COMPETITIVE SCENARIO             212

16.8.1      PRODUCT LAUNCHES   212

16.8.2      DEALS  214

16.8.3      EXPANSIONS     216

16.8.4      OTHER DEVELOPMENTS              219

17            COMPANY PROFILES      221

17.1         KEY PLAYERS     221

17.1.1      TOYOTA MOTOR CORPORATION             221

17.1.1.1  Business overview 221

17.1.1.2  Products offered   222

17.1.1.3  Recent developments           224

17.1.1.3.1                Product launches  224

17.1.1.3.2                Deals      224

17.1.1.3.3                Expansions             226

17.1.1.3.4                Other developments             226

17.1.1.4  MnM view              226

17.1.1.4.1                Key strengths        226

17.1.1.4.2                Strategic choices   227

17.1.1.4.3                Weaknesses and competitive threats 227

17.1.2      HONDA MOTOR CO., LTD.           228

17.1.2.1  Business overview 228

17.1.2.2  Products offered   229

17.1.2.3  Recent developments           230

17.1.2.3.1                Product launches  230

17.1.2.3.2                Deals      231

17.1.2.3.3                Expansions             232

17.1.2.3.4                Other developments             233

17.1.2.4  MnM view              233

17.1.2.4.1                Key strengths        233

17.1.2.4.2                Strategic choices   233

17.1.2.4.3                Weaknesses and competitive threats 234

17.1.3      HYUNDAI MOTOR COMPANY    235

17.1.3.1  Business overview 235

17.1.3.2  Products offered   236

17.1.3.3  Recent developments           238

17.1.3.3.1                Product launches  238

17.1.3.3.2                Deals      239

17.1.3.3.3                Other developments             240

17.1.3.4  MnM view              240

17.1.3.4.1                Key strengths        240

17.1.3.4.2                Strategic choices   240

17.1.3.4.3                Weaknesses and competitive threats 240

17.1.4      GENERAL MOTORS         241

17.1.4.1  Business overview 241

17.1.4.2  Products offered   242

17.1.4.3  Recent developments           243

17.1.4.3.1                Product launches  243

17.1.4.3.2                Deals      244

17.1.4.3.3                Expansions             245

17.1.4.3.4                Other developments             245

17.1.4.4  MnM view              246

17.1.4.4.1                Key strengths        246

17.1.4.4.2                Strategic choices   246

17.1.4.4.3                Weaknesses and competitive threats 246

17.1.5      STELLANTIS N.V.              247

17.1.5.1  Business overview 247

17.1.5.2  Products offered   249

17.1.5.3  Recent developments           250

17.1.5.3.1                Product launches  250

17.1.5.3.2                Deals      252

17.1.5.3.3                Expansions             252

17.1.5.3.4                Other developments             253

17.1.5.4  MnM view              253

17.1.5.4.1                Key strengths        253

17.1.5.4.2                Strategic choices   253

17.1.5.4.3                Weaknesses and competitive threats 253

17.1.6      VOLKSWAGEN GROUP  254

17.1.6.1  Business overview 254

17.1.6.2  Products offered   255

17.1.6.3  Recent developments           257

17.1.6.3.1                Product launches  257

17.1.6.3.2                Deals      257

17.1.6.3.3                Expansions             258

17.1.6.3.4                Other developments             259

17.1.6.4  MnM view              259

17.1.6.4.1                Key strengths        259

17.1.6.4.2                Strategic choices   259

17.1.6.4.3                Weaknesses and competitive threats 259

17.1.7      FORD MOTOR COMPANY             260

17.1.7.1  Business overview 260

17.1.7.2  Products offered   261

17.1.7.3  Recent developments           262

17.1.7.3.1                Deals      262

17.1.7.3.2                Other developments             263

17.1.8      MERCEDES-BENZ             264

17.1.8.1  Business overview 264

17.1.8.2  Products offered   265

17.1.8.3  Recent developments           266

17.1.8.3.1                Product launches  266

17.1.8.3.2                Other developments             267

17.1.9      BMW GROUP     268

17.1.9.1  Business overview 268

17.1.9.2  Products offered   269

17.1.9.3  Recent developments           270

17.1.9.3.1                Product launches  270

17.1.9.3.2                Expansions             272

17.1.9.3.3                Other developments             272

17.1.10   NISSAN MOTORS              273

17.1.10.1                 Business overview 273

17.1.10.2                 Products offered   274

17.1.10.3                 Recent developments           275

17.1.10.3.1             Product launches  275

17.1.10.3.2             Deals      275

17.2         OTHER PLAYERS              276

17.2.1      RENAULT GROUP            276

17.2.2      SUZUKI MOTOR CORPORATION               277

17.2.3      SUBARU CORPORATION               278

17.2.4      TATA MOTORS 279

17.2.5      MITSUBISHI MOTORS CORPORATION   280

17.2.6      MAHINDRA & MAHINDRA LIMITED         281

17.2.7      VOLVO CAR CORPORATION       282

17.2.8      TESLA, INC.        283

17.2.9      MAZDA MOTOR CORPORATION               284

17.2.10   BYD COMPANY LTD.      285

17.2.11   ISUZU MOTORS LIMITED             286

18            RESEARCH METHODOLOGY       287

18.1         RESEARCH DATA              287

18.1.1      SECONDARY DATA          288

18.1.1.1  List of secondary sources to estimate vehicle production                 289

18.1.1.2  List of secondary sources to estimate market size           289

18.1.1.3  Key data from secondary sources       290

18.1.2      PRIMARY DATA 290

18.1.2.1  Primary interviewees from demand and supply sides     291

18.1.2.2  Breakdown of primary interviews      291

18.1.2.3  List of primary participants 291

18.2         MARKET SIZE ESTIMATION         292

18.2.1      BOTTOM-UP APPROACH              293

18.2.2      TOP-DOWN APPROACH                294

18.3         DATA TRIANGULATION                295

18.4         FACTOR ANALYSIS          296

18.5         RESEARCH ASSUMPTIONS AND RISK ASSESSMENT                 297

18.6         RESEARCH LIMITATIONS             298

19            APPENDIX           299

19.1         INSIGHTS FROM INDUSTRY EXPERTS     299

19.2         DISCUSSION GUIDE        299

19.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                302

19.4         CUSTOMIZATION OPTIONS        304

19.4.1      SUV MARKET, BY CLASS, AT COUNTRY LEVEL    304

19.4.1.1  Class B   304

19.4.1.2  Class C   304

19.4.1.3  Class D  304

19.4.1.4  Class E   304

19.4.2      ELECTRIC SUV MARKET, AT COUNTRY LEVEL   304

19.5         RELATED REPORTS         305

19.6         AUTHOR DETAILS           306

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, BY COUNTRY, 2019–2024        30

TABLE 2                PROMINENT COMPACT SUV MODELS, 2025                 44

TABLE 3                FULL-SIZE SUV PRICES, 2025        45

TABLE 4                TOP ELECTRIC SUV MODEL SALES AND PRICES, 2024        46

TABLE 5                LAUNCHED AND UPCOMING ELECTRIC SUV MODELS, 2023–2025          46

TABLE 6                STRATEGIC MOVES BY TIER-1/2/3 SUPPLIERS                 49

TABLE 7                AUTONOMOUS SUVS AND THEIR FEATURES                 50

TABLE 8                HEAD-UP DISPLAYS IN SUVS       53

TABLE 9                PATENT ANALYSIS          57

TABLE 10              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF SUVS (%)   65

TABLE 11              KEY BUYING CRITERIA FOR SUVS             66

TABLE 12              UNMET NEEDS FROM END-USE INDUSTRIES                 68

TABLE 13              AMERICAS: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  70

TABLE 14              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  71

TABLE 15              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  72

TABLE 16              ELECTRIC SUV-SPECIFIC STANDARDS   73

TABLE 17              STRUCTURAL AND MECHANICAL ENGINEERING STANDARDS        73

TABLE 18              EMISSIONS, FUEL EFFICIENCY, AND POWERTRAIN STANDARDS         73

TABLE 19              SAFETY AND REGULATORY STANDARDS                 74

TABLE 20              GDP PERCENTAGE CHANGE, BY COUNTRY, 2021–2030              75

TABLE 21              ROLE OF COMPANIES IN ECOSYSTEM    79

TABLE 22              AVERAGE SELLING PRICE OF SUVS OFFERED BY KEY PLAYERS, 2024 (USD/UNIT)                81

TABLE 23              AVERAGE SELLING PRICE OF ICE SUVS, BY REGION, 2024 (USD/UNIT)           82

TABLE 24              AVERAGE SELLING PRICE OF ELECTRIC SUVS, BY REGION, 2024 (USD/UNIT)    82

TABLE 25              KEY CONFERENCES AND EVENTS, 2025–2026                 85

TABLE 26              IMPORT DATA FOR HS CODE 870380-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD BILLION)                86

TABLE 27              EXPORT DATA FOR HS CODE 870380-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD BILLION)                87

TABLE 28              EXISTING AND UPCOMING SUV MODELS, 2024–2026        89

TABLE 29              ANNUAL GAS COST VS. ANNUAL ELECTRIC COST, 2024           90

TABLE 30              SUV MANUFACTURING PLANTS BY OEM AND LOCATION          107

TABLE 31              SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             112

TABLE 32              SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             113

TABLE 33              SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS) 113

TABLE 34              SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS) 113

TABLE 35              MINI SUV MARKET, BY REGION, 2021–2024 (USD BILLION)             114

TABLE 36              MINI SUV MARKET, BY REGION, 2025–2032 (USD BILLION)             114

TABLE 37              MINI SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      114

TABLE 38              MINI SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      115

TABLE 39              COMPACT SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 116

TABLE 40              COMPACT SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 116

TABLE 41              COMPACT SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      116

TABLE 42              COMPACT SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      116

TABLE 43              MID-SIZE SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 117

TABLE 44              MID-SIZE SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 117

TABLE 45              MID-SIZE SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      117

TABLE 46              MID-SIZE SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      118

TABLE 47              FULL-SIZE SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 118

TABLE 48              FULL-SIZE SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 119

TABLE 49              FULL-SIZE SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      119

TABLE 50              FULL-SIZE SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      119

TABLE 51              MPV/MUV MARKET, BY REGION, 2021–2024 (USD BILLION)             120

TABLE 52              MPV/MUV MARKET, BY REGION, 2025–2032 (USD BILLION)             120

TABLE 53              MPV/MUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      120

TABLE 54              MPV/MUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      121

TABLE 55              SUV MARKET, BY CLASS, 2021–2024 (USD BILLION)             123

TABLE 56              SUV MARKET, BY CLASS, 2025–2032 (USD BILLION)             124

TABLE 57              SUV MARKET, BY CLASS, 2021–2024 (THOUSAND UNITS) 124

TABLE 58              SUV MARKET, BY CLASS, 2025–2032 (THOUSAND UNITS) 124

TABLE 59              CLASS B SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 125

TABLE 60              CLASS B SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 125

TABLE 61              CLASS B SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      125

TABLE 62              CLASS B SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      126

TABLE 63              CLASS C SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 126

TABLE 64              CLASS C SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 127

TABLE 65              CLASS C SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      127

TABLE 66              CLASS C SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      127

TABLE 67              CLASS D SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 128

TABLE 68              CLASS D SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 128

TABLE 69              CLASS D SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      128

TABLE 70              CLASS D SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      129

TABLE 71              CLASS E SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 129

TABLE 72              CLASS E SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 129

TABLE 73              CLASS E SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      130

TABLE 74              CLASS E SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      130

TABLE 75              SUV MARKET, BY SEATING CAPACITY, 2021–2024 (USD BILLION) 132

TABLE 76              SUV MARKET, BY SEATING CAPACITY, 2025–2032 (USD BILLION) 132

TABLE 77              SUV MARKET, BY SEATING CAPACITY, 2021–2024 (THOUSAND UNITS)      133

TABLE 78              SUV MARKET, BY SEATING CAPACITY, 2025–2032 (THOUSAND UNITS)      133

TABLE 79              5-SEATER SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 133

TABLE 80              5-SEATER SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 134

TABLE 81              5-SEATER SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      134

TABLE 82              5-SEATER SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      134

TABLE 83              >5-SEATER SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 135

TABLE 84              >5-SEATER SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 135

TABLE 85              >5-SEATER SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      135

TABLE 86              >5-SEATER SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      136

TABLE 87              SUV MARKET, BY PROPULSION, 2021–2024 (USD BILLION)             138

TABLE 88              SUV MARKET, BY PROPULSION, 2025–2032 (USD BILLION)             138

TABLE 89              SUV MARKET, BY PROPULSION, 2021–2024 (THOUSAND UNITS)      139

TABLE 90              SUV MARKET, BY PROPULSION, 2025–2032 (THOUSAND UNITS)      139

TABLE 91              GASOLINE SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 140

TABLE 92              GASOLINE SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 140

TABLE 93              GASOLINE SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      140

TABLE 94              GASOLINE SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      140

TABLE 95              DIESEL SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 141

TABLE 96              DIESEL SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 141

TABLE 97              DIESEL SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      141

TABLE 98              DIESEL SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      142

TABLE 99              ELECTRIC SUV MARKET, BY REGION, 2021–2024 (USD BILLION) 142

TABLE 100            ELECTRIC SUV MARKET, BY REGION, 2025–2032 (USD BILLION) 142

TABLE 101            ELECTRIC SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      143

TABLE 102            ELECTRIC SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      143

TABLE 103            ELECTRIC SUV MARKET, BY TYPE, 2021–2024 (USD BILLION) 145

TABLE 104            ELECTRIC SUV MARKET, BY TYPE, 2025–2032 (USD BILLION) 145

TABLE 105            ELECTRIC SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      146

TABLE 106            ELECTRIC SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      146

TABLE 107            BEV SUV MARKET, BY REGION, 2021–2024 (USD BILLION)             147

TABLE 108            BEV SUV MARKET, BY REGION, 2025–2032 (USD BILLION)             147

TABLE 109            BEV SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      147

TABLE 110            BEV SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      147

TABLE 111            PHEV SUV MARKET, BY REGION, 2021–2024 (USD BILLION)             148

TABLE 112            PHEV SUV MARKET, BY REGION, 2025–2032 (USD BILLION)             148

TABLE 113            PHEV SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      149

TABLE 114            PHEV SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      149

TABLE 115            FCEV SUV MARKET, BY REGION, 2021–2024 (USD BILLION)             150

TABLE 116            FCEV SUV MARKET, BY REGION, 2025–2032 (USD BILLION)             150

TABLE 117            FCEV SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      150

TABLE 118            FCEV SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      150

TABLE 119            GLOBAL SUV SALES, BY TYPE, 2023 VS. 2024 (THOUSAND UNITS)      152

TABLE 120            ASIA PACIFIC: COMPACT SUV SALES, BY COUNTRY,

2023 VS. 2024 (THOUSAND UNITS)            153

TABLE 121            EUROPE: COMPACT SUV SALES, BY COUNTRY, 2023 VS. 2024 (THOUSAND UNITS)            153

TABLE 122          AMERICAS: COMPACT SUV SALES, BY COUNTRY,

2023 VS. 2024 (THOUSAND UNITS)            153

TABLE 123            ASIA PACIFIC: MID-SIZE SUV SALES, BY COUNTRY,

2023 VS. 2024 (THOUSAND UNITS)            154

TABLE 124            EUROPE: MID-SIZE SUV SALES, BY COUNTRY, 2023 VS. 2024 (THOUSAND UNITS)            154

TABLE 125            AMERICAS: MID-SIZE SUV SALES, BY COUNTRY,

2023 VS. 2024 (THOUSAND UNITS)            155

TABLE 126            ASIA PACIFIC: FULL-SIZE SUV SALES, BY COUNTRY,

2023 VS. 2024 (THOUSAND UNITS)            155

TABLE 127            EUROPE: FULL-SIZE SUV SALES, BY COUNTRY, 2023 VS. 2024 (THOUSAND UNITS)            156

TABLE 128            AMERICAS: FULL-SIZE SUV SALES, BY COUNTRY,

2023 VS. 2024 (THOUSAND UNITS)            156

TABLE 129            SUV MARKET, BY REGION, 2021–2024 (USD BILLION)             158

TABLE 130            SUV MARKET, BY REGION, 2025–2032 (USD BILLION)             158

TABLE 131            SUV MARKET, BY REGION, 2021–2024 (THOUSAND UNITS)      159

TABLE 132            SUV MARKET, BY REGION, 2025–2032 (THOUSAND UNITS)      159

TABLE 133            ASIA PACIFIC: SUV MARKET, BY COUNTRY, 2021–2024 (USD BILLION)        160

TABLE 134            ASIA PACIFIC: SUV MARKET, BY COUNTRY, 2025–2032 (USD BILLION)        161

TABLE 135            ASIA PACIFIC: SUV MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)             161

TABLE 136            ASIA PACIFIC: SUV MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)             161

TABLE 137            CHINA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             162

TABLE 138            CHINA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             162

TABLE 139            CHINA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      162

TABLE 140            CHINA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      163

TABLE 141            INDIA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             163

TABLE 142            INDIA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             164

TABLE 143            INDIA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      164

TABLE 144            INDIA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      164

TABLE 145            JAPAN: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             165

TABLE 146            JAPAN: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             165

TABLE 147            JAPAN: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      165

TABLE 148            JAPAN: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      166

TABLE 149            SOUTH KOREA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)        166

TABLE 150            SOUTH KOREA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)        167

TABLE 151            SOUTH KOREA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)             167

TABLE 152            SOUTH KOREA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)             167

TABLE 153            INDONESIA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION) 168

TABLE 154            INDONESIA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION) 168

TABLE 155            INDONESIA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      168

TABLE 156            INDONESIA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      169

TABLE 157            REST OF ASIA PACIFIC: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             169

TABLE 158            REST OF ASIA PACIFIC: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             170

TABLE 159            REST OF ASIA PACIFIC: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)  170

TABLE 160            REST OF ASIA PACIFIC: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)  170

TABLE 161            EUROPE: SUV MARKET, BY COUNTRY, 2021–2024 (USD BILLION) 172

TABLE 162            EUROPE: SUV MARKET, BY COUNTRY, 2025–2032 (USD BILLION) 172

TABLE 163            EUROPE: SUV MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)      173

TABLE 164            EUROPE: SUV MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)      173

TABLE 165            GERMANY: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION) 174

TABLE 166            GERMANY: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION) 174

TABLE 167            GERMANY: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      174

TABLE 168            GERMANY: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      175

TABLE 169            FRANCE: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             175

TABLE 170            FRANCE: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             176

TABLE 171            FRANCE: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      176

TABLE 172            FRANCE: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      176

TABLE 173            ITALY: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             177

TABLE 174            ITALY: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             177

TABLE 175            ITALY: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      177

TABLE 176            ITALY: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      178

TABLE 177            SPAIN: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             178

TABLE 178            SPAIN: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             179

TABLE 179            SPAIN: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      179

TABLE 180            SPAIN: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      179

TABLE 181            UK: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             180

TABLE 182            UK: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             180

TABLE 183            UK: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      180

TABLE 184            UK: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      181

TABLE 185            CZECH REPUBLIC: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)        181

TABLE 186            CZECH REPUBLIC: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)        182

TABLE 187            CZECH REPUBLIC: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)             182

TABLE 188            CZECH REPUBLIC: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)             182

TABLE 189            SLOVAKIA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION) 183

TABLE 190            SLOVAKIA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION) 183

TABLE 191            SLOVAKIA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      183

TABLE 192            SLOVAKIA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      184

TABLE 193            RUSSIA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             184

TABLE 194            RUSSIA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             185

TABLE 195            RUSSIA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      185

TABLE 196            RUSSIA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      185

TABLE 197            REST OF EUROPE: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)        186

TABLE 198            REST OF EUROPE: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)        186

TABLE 199            REST OF EUROPE: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)             186

TABLE 200            REST OF EUROPE: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)             187

TABLE 201            AMERICAS: SUV MARKET, BY COUNTRY, 2021–2024 (USD BILLION)        188

TABLE 202            AMERICAS: SUV MARKET, BY COUNTRY, 2025–2032 (USD BILLION)        188

TABLE 203            AMERICAS: SUV MARKET, BY COUNTRY, 2021–2024 (THOUSAND UNITS)             189

TABLE 204            AMERICAS: SUV MARKET, BY COUNTRY, 2025–2032 (THOUSAND UNITS)             189

TABLE 205            US: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             190

TABLE 206            US: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             190

TABLE 207            US: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      190

TABLE 208            US: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      191

TABLE 209            CANADA: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION) 191

TABLE 210            CANADA: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION) 192

TABLE 211            CANADA: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      192

TABLE 212            CANADA: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      192

TABLE 213            MEXICO: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             193

TABLE 214            MEXICO: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             193

TABLE 215            MEXICO: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      194

TABLE 216            MEXICO: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      194

TABLE 217            BRAZIL: SUV MARKET, BY TYPE, 2021–2024 (USD BILLION)             195

TABLE 218            BRAZIL: SUV MARKET, BY TYPE, 2025–2032 (USD BILLION)             195

TABLE 219            BRAZIL: SUV MARKET, BY TYPE, 2021–2024 (THOUSAND UNITS)      195

TABLE 220            BRAZIL: SUV MARKET, BY TYPE, 2025–2032 (THOUSAND UNITS)      196

TABLE 221            KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025        197

TABLE 222            SUV MARKET: DEGREE OF COMPETITION, 2024                 200

TABLE 223            REGION FOOTPRINT     208

TABLE 224            PROPULSION FOOTPRINT           209

TABLE 225            APPLICATION FOOTPRINT         210

TABLE 226            TYPE FOOTPRINT            211

TABLE 227            SUV MARKET: PRODUCT LAUNCHES, 2023–2025                 212

TABLE 228            SUV MARKET: DEALS, 2023–2025                 214

TABLE 229            SUV MARKET: EXPANSIONS, 2023–2025   216

TABLE 230            SUV MARKET: OTHER DEVELOPMENTS, 2023–2025        219

TABLE 231            TOYOTA MOTOR CORPORATION: KEY BRANDS                 221

TABLE 232            TOYOTA MOTOR CORPORATION: COMPANY OVERVIEW          221

TABLE 233            TOYOTA MOTOR CORPORATION: PRODUCTS OFFERED             222

TABLE 234            TOYOTA MOTOR CORPORATION: PRODUCT LAUNCHES          224

TABLE 235            TOYOTA MOTOR CORPORATION: DEALS                 224

TABLE 236            TOYOTA MOTOR CORPORATION: EXPANSIONS                 226

TABLE 237            TOYOTA MOTOR CORPORATION: OTHER DEVELOPMENTS              226

TABLE 238            HONDA MOTOR CO., LTD.: KEY BRANDS                 228

TABLE 239            HONDA MOTOR CO., LTD.: COMPANY OVERVIEW          228

TABLE 240            HONDA MOTOR CO., LTD.: PRODUCTS OFFERED             229

TABLE 241            HONDA MOTOR CO., LTD.: PRODUCT LAUNCHES          230

TABLE 242            HONDA MOTOR CO., LTD.: DEALS           231

TABLE 243            HONDA MOTOR CO., LTD.: EXPANSIONS                 232

TABLE 244            HONDA MOTOR CO., LTD.: OTHER DEVELOPMENTS              233

TABLE 245            HYUNDAI MOTOR COMPANY: KEY BRANDS                 235

TABLE 246            HYUNDAI MOTOR COMPANY: COMPANY OVERVIEW          235

TABLE 247            HYUNDAI MOTOR COMPANY: PRODUCTS OFFERED             236

TABLE 248            HYUNDAI MOTOR COMPANY: PRODUCT LAUNCHES          238

TABLE 249            HYUNDAI MOTOR COMPANY: DEALS     239

TABLE 250            HYUNDAI MOTOR COMPANY: OTHER DEVELOPMENTS              240

TABLE 251            GENERAL MOTORS: KEY BRANDS             241

TABLE 252            GENERAL MOTORS: COMPANY OVERVIEW                 241

TABLE 253            GENERAL MOTORS: PRODUCTS OFFERED                 242

TABLE 254            GENERAL MOTORS: PRODUCT LAUNCHES                 243

TABLE 255            GENERAL MOTORS: DEALS         244

TABLE 256            GENERAL MOTORS: EXPANSIONS            245

TABLE 257            GENERAL MOTORS: OTHER DEVELOPMENTS                 245

TABLE 258            STELLANTIS N.V.: KEY BRANDS 247

TABLE 259            STELLANTIS N.V.: COMPANY OVERVIEW                 248

TABLE 260            STELLANTIS N.V.: PRODUCTS OFFERED                 249

TABLE 261            STELLANTIS N.V.: PRODUCT LAUNCHES                 250

TABLE 262            STELLANTIS N.V.: DEALS              252

TABLE 263            STELLANTIS N.V.: EXPANSIONS 252

TABLE 264            STELLANTIS N.V.: OTHER DEVELOPMENTS                 253

TABLE 265            VOLKSWAGEN GROUP: KEY BRANDS      254

TABLE 266            VOLKSWAGEN GROUP: COMPANY OVERVIEW                 254

TABLE 267            VOLKSWAGEN GROUP: PRODUCTS OFFERED                 255

TABLE 268            VOLKSWAGEN GROUP: PRODUCT LAUNCHES                 257

TABLE 269            VOLKSWAGEN GROUP: DEALS  257

TABLE 270            VOLKSWAGEN GROUP: EXPANSIONS     258

TABLE 271            VOLKSWAGEN GROUP: OTHER DEVELOPMENTS              259

TABLE 272            FORD MOTOR COMPANY: KEY BRANDS                 260

TABLE 273            FORD MOTOR COMPANY: COMPANY OVERVIEW          260

TABLE 274            FORD MOTOR COMPANY: PRODUCTS OFFERED                 261

TABLE 275            FORD MOTOR COMPANY: DEALS             262

TABLE 276            FORD MOTOR COMPANY: OTHER DEVELOPMENTS              263

TABLE 277            MERCEDES-BENZ: KEY BRANDS 264

TABLE 278            MERCEDES-BENZ: COMPANY OVERVIEW                 264

TABLE 279            MERCEDES-BENZ: PRODUCTS OFFERED                 265

TABLE 280            MERCEDES-BENZ: PRODUCT LAUNCHES                 266

TABLE 281            MERCEDES-BENZ: OTHER DEVELOPMENTS                 267

TABLE 282            BMW GROUP: KEY BRANDS         268

TABLE 283            BMW GROUP: COMPANY OVERVIEW      268

TABLE 284            BMW GROUP: PRODUCTS OFFERED       269

TABLE 285            BMW GROUP: PRODUCT LAUNCHES      270

TABLE 286            BMW GROUP: EXPANSIONS         272

TABLE 287            BMW GROUP: OTHER DEVELOPMENTS 272

TABLE 288            NISSAN MOTORS: COMPANY OVERVIEW                 273

TABLE 289            NISSAN MOTORS: PRODUCTS OFFERED                 274

TABLE 290            NISSAN MOTORS: PRODUCT LAUNCHES                 275

TABLE 291            NISSAN MOTORS: DEALS              275

TABLE 292            RENAULT GROUP: COMPANY OVERVIEW                 276

TABLE 293            SUZUKI MOTOR CORPORATION: COMPANY OVERVIEW          277

TABLE 294            SUBARU CORPORATION: COMPANY OVERVIEW                 278

TABLE 295            TATA MOTORS: COMPANY OVERVIEW  279

TABLE 296            MITSUBISHI MOTORS CORPORATION: COMPANY OVERVIEW   280

TABLE 297            MAHINDRA & MAHINDRA LIMITED: COMPANY OVERVIEW          281

TABLE 298            VOLVO CAR CORPORATION: COMPANY OVERVIEW          282

TABLE 299            TESLA, INC.: COMPANY OVERVIEW         283

TABLE 300            MAZDA MOTOR CORPORATION: COMPANY OVERVIEW          284

TABLE 301            BYD COMPANY LTD.: COMPANY OVERVIEW                 285

TABLE 302            ISUZU MOTORS LIMITED: COMPANY OVERVIEW          286

LIST OF FIGURES

FIGURE 1              SUV MARKET SEGMENTATION 28

FIGURE 2              MARKET SCENARIO        32

FIGURE 3              GLOBAL SUV MARKET, 2021–2032              32

FIGURE 4              MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN SUV MARKET, 2023–2025           33

FIGURE 5              DISRUPTIONS INFLUENCING GROWTH OF SUV MARKET               34

FIGURE 6              HIGH-GROWTH SEGMENTS IN SUV MARKET, 2025–2032              34

FIGURE 7              ASIA PACIFIC TO DOMINATE SUV MARKET DURING FORECAST PERIOD       35

FIGURE 8              SUV PRODUCTION VS. SALES, 2024 (THOUSAND UNITS) 36

FIGURE 9              SUV PRODUCTION VS. TOTAL CAR PRODUCTION, 2021–2032 (THOUSAND UNITS)  36

FIGURE 10            CONSUMER INCLINATION TOWARD UPRIGHT DRIVING EXPERIENCE

TO DRIVE MARKET         38

FIGURE 11            MID-SIZE TO BE LARGEST SEGMENT DURING FORECAST PERIOD         38

FIGURE 12            5-SEATER TO HOLD HIGHER SHARE THAN >5-SEATER DURING FORECAST PERIOD      39

FIGURE 13            CLASS D TO SECURE LEADING POSITION DURING FORECAST PERIOD       39

FIGURE 14            GASOLINE TO SURPASS OTHER SEGMENTS DURING FORECAST PERIOD       40

FIGURE 15            PHEV TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD       40

FIGURE 16            EUROPE TO EXHIBIT FASTEST GROWTH DURING FORECAST PERIOD       41

FIGURE 17            SUV MARKET DYNAMICS              42

FIGURE 18            LUXURY SUV PRODUCTION (D AND E SEGMENTS), 2019–2024 (UNITS) 43

FIGURE 19            PATENT ANALYSIS          56

FIGURE 20            FUTURE APPLICATIONS               60

FIGURE 21            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF SUVS           65

FIGURE 22            KEY BUYING CRITERIA FOR SUVS             66

FIGURE 23            ECOSYSTEM ANALYSIS  77

FIGURE 24            SUPPLY CHAIN ANALYSIS             80

FIGURE 25            TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS   83

FIGURE 26            INVESTMENT AND FUNDING SCENARIO, 2020–2025 (USD BILLION)        84

FIGURE 27            IMPORT DATA FOR HS CODE 870380-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD BILLION)                86

FIGURE 28            EXPORT DATA FOR HS CODE 870380-COMPLIANT PRODUCTS,

BY COUNTRY, 2020–2024 (USD BILLION)                87

FIGURE 29            TOTAL COST OF OWNERSHIP OF ICE VS. ELECTRIC SUVS                91

FIGURE 30            ICE VS. EV COST COMPARISON 92

FIGURE 31            BILL OF MATERIALS FOR ICE VS. ELECTRIC SUVS, 2025 VS. 2030          92

FIGURE 32            SUV L*H GLOBAL ANALYSIS, 2024              93

FIGURE 33            ELECTRIC SUV L*H GLOBAL ANALYSIS, 2024                 94

FIGURE 34            SUV VS. TOTAL PASSENGER VEHICLE VOLUME SALES, 2018−2023             95

FIGURE 35            SUV VS. TOTAL PASSENGER VEHICLE VOLUME SALES, 2024−2030             95

FIGURE 36            SUV PENETRATION IN TOTAL PASSENGER CAR SALES, 2018−2030             96

FIGURE 37            GLOBAL SUV SALES, BY TYPE, 2023−2030                 97

FIGURE 38            GLOBAL SUV SALES, BY PROPULSION, 2023−2030            98

FIGURE 39            GLOBAL SUV SALES, BY REGION, 2018−2022                 98

FIGURE 40            GLOBAL SUV SALES, BY REGION, 2023−2030                 99

FIGURE 41            NORTH AMERICA: SUV L*H ANALYSIS    99

FIGURE 42            EUROPE: SUV L*H ANALYSIS       100

FIGURE 43            ASIA PACIFIC: SUV L*H ANALYSIS             101

FIGURE 44            GLOBAL AVERAGE BATTERY COST (USD/KWH)                 101

FIGURE 45            AUXILIARY COST VS. CELL COST (%)      102

FIGURE 46            EV BATTERY COST IN SUVS         102

FIGURE 47            ELECTRIC SUV BATTERY CAPACITY VS. RANGE ANALYSIS            103

FIGURE 48            ELECTRIC SUV PRICING VS. RANGE ANALYSIS                 104

FIGURE 49            SUV MANUFACTURING PLANTS                107

FIGURE 50            TOYOTA GROUP: SUV L*H ANALYSIS     108

FIGURE 51            VOLKSWAGEN GROUP: SUV L*H ANALYSIS                 109

FIGURE 52            HYUNDAI GROUP: SUV L*H ANALYSIS    110

FIGURE 53            SUV MARKET, BY TYPE, 2025 VS. 2032 (USD BILLION)             112

FIGURE 54            SUV MARKET, BY CLASS, 2025 VS. 2032 (USD BILLION)             123

FIGURE 55            SUV MARKET, BY SEATING CAPACITY, 2025 VS. 2032 (USD BILLION)        132

FIGURE 56            SUV MARKET, BY PROPULSION, 2025 VS. 2032 (USD BILLION) 138

FIGURE 57            ELECTRIC SUV MARKET, BY TYPE, 2025 VS. 2032 (USD BILLION) 145

FIGURE 58            GLOBAL SUV SALES, BY TYPE, 2023 VS. 2024 (THOUSAND UNITS)      152

FIGURE 59            SUV MARKET, BY REGION, 2025 VS. 2032 (USD BILLION)             158

FIGURE 60            ASIA PACIFIC: SUV MARKET SNAPSHOT                 160

FIGURE 61            EUROPE: SUV MARKET SNAPSHOT          171

FIGURE 62            AMERICAS: SUV MARKET SNAPSHOT      188

FIGURE 63            MARKET SHARE ANALYSIS OF KEY PLAYERS, 2024        199

FIGURE 64            REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2022–2024 (USD BILLION)             202

FIGURE 65            COMPANY VALUATION (USD BILLION) 202

FIGURE 66            FINANCIAL METRICS (EV/EBITDA)          203

FIGURE 67            BRAND/PRODUCT COMPARISON             204

FIGURE 68            COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024  206

FIGURE 69            COMPANY FOOTPRINT 207

FIGURE 70            TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT          222

FIGURE 71            HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT          229

FIGURE 72            HYUNDAI MOTOR COMPANY: COMPANY SNAPSHOT          236

FIGURE 73            GENERAL MOTORS: COMPANY SNAPSHOT                 242

FIGURE 74            STELLANTIS N.V.: COMPANY SNAPSHOT                 248

FIGURE 75            VOLKSWAGEN GROUP: COMPANY SNAPSHOT                 255

FIGURE 76            FORD MOTOR COMPANY: COMPANY SNAPSHOT          261

FIGURE 77            MERCEDES-BENZ: COMPANY SNAPSHOT                 265

FIGURE 78            BMW GROUP: COMPANY SNAPSHOT      269

FIGURE 79            NISSAN MOTORS: COMPANY SNAPSHOT                 273

FIGURE 80            RESEARCH DESIGN         287

FIGURE 81            RESEARCH DESIGN MODEL         288

FIGURE 82            MARKET ESTIMATION METHODOLOGY                 292

FIGURE 83            BOTTOM-UP APPROACH (TYPE AND REGION)                 293

FIGURE 84            TOP-DOWN APPROACH (CLASS)               294

FIGURE 85            DATA TRIANGULATION                295

FIGURE 86            GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS               296

FIGURE 87            DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS            296