Press Release

North America SUV Market to Cross $ 570 Billion by 2023

Increasing popularity of off-road recreational activities, technological developments and growing product portfolio to drive North America SUV market through 2023

According to TechSci Research report, North America SUV Market By Length, By Engine Capacity, By Fuel Type, By Country, Competition Forecast & Opportunities, 2013 – 2023”, the North America SUV market is projected to reach $ 570.9 billion by the end of 2023, on the back of technological advancements in SUV manufacturing and increasing preference for off-roading activities in the region. Additionally, rising acceptance of hybrid and electric SUVs, launch of new models and growing product portfolio are among the key factors that would have a positive impact on the region’s SUV market in the coming years.  

Browse 41 Figures spread through 70 Pages and an in-depth TOC on "North America SUV Market"


By length, North America SUV market has been segmented into SUV-C, SUV-D, SUV-E and SUV-F. Of these categories, SUV-D accounted for one-third of the market share in 2017 and is expected to continue dominating the region’s SUV market during the forecast period as well. Growing popularity of large SUVs in the region can be attributed to their advantages such as better road handling on uneven terrain and mechanical sturdiness. The United States is the largest market for SUVs in the region, owing to the presence of several major manufacturing companies in the country. 

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Some of the major players operating in North America SUV market are Fiat Chrysler Automobiles N.V., Honda Motor Co. Ltd., Toyota Motor Corporation, Nissan Motor Corporation, Ford Motor Company and General Motors Company. Increasing 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 are anticipated to aid the growth of North America SUV market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

North America 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 North America SUV market.


About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.



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