Global luxury car market registered sales of over 8 million units in 2019 and the market is anticipated to grow at a CAGR of more than 3.5% during the forecast period. Luxury cars, the status symbol, have high horse power, offer more security, and come with tractional control, airbags, review cameras and anti-lock braking systems. Moreover, luxury cars come with latest technologies and offer enhanced interior experience such as contoured dash, heated seats, better sound systems and real time navigation systems. Option of customization and high horse power with remote starters, electronic parking aids and rain-sensing windshield wipers only add-up to their demand, thereby promoting growth of global luxury car market. Additionally, the resale value of luxury cars is high, making them even more popular.

Global luxury car market can be segmented based on vehicle type, fuel type and engine capacity. Based on the vehicle type, global luxury car market can be bifurcated into SUV, sedan, hatchback, among others. Sedans is the dominant vehicle type in 2020 and the vehicle type is expected to continue its leading position in the forthcoming years as well.

This is due to high mileage, high performance and comfortable riding experience offered by sedan when compared with counterparts.

In terms of regional analysis, market can be segmented into North America, South America, Asia Pacific, Europe and Middle East & Africa. Asia-Pacific luxury car market is growing at a brisk rate with China leading the numbers in the market. India is one of the largest passenger car markets in the world, however, the penetration of luxury vehicles is low, which is anticipated to increase during the forecast period. This is due to the fact that automobile companies have started launching multiple strategically priced models with various smart financing schemes and per capita income are increasing in the country. Moreover, Indian government is offering subsidies for the purchase of electric vehicles.

Major players operating in global luxury car market include Bayerische Motoren Werke AG (BMW), Mercedes-Benz, Audi AG, Toyota Motor Corporation, Honda Motor Company, Ltd, Passat (Santana), Cadillac, Mini, Lexus, Tesla, among others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2020, Mercedes Benz registered highest sales in the premium segment for three years in a row. Moreover, buyers are showing interest in electric vehicles, leading to significant sales volume of Tesla Inc.’s luxury cars.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022-2026

Objective of the Study:

  • To analyze and forecast global luxury car market size.
  • To classify and forecast global luxury car market based on vehicle type, fuel type, engine capacity and regional distribution.
  • To identify drivers and challenges for global luxury car market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global luxury car market.
  • To conduct the pricing analysis for global luxury car market.
  • To identify and analyze the profile of leading players operating in global luxury car market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and presence of all major manufacturers across the globe.

TechSci Research calculated global luxury car market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Automotive manufacturers, distributors and other stakeholders
  • Security and intelligence service providers
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to luxury cars
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global luxury car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Hatchback
    • Sedan
    • SUV
    • Others
  • Market, by Fuel Type:
    • Petrol
    • Diesel
    • Others
  • Market, by Engine Capacity:
    • <2500cc
    • 2500-5000cc
    • >5000cc
  • Market, by Region:
    • Asia-Pacific
      • China
      • India 
      • Japan
      • Australia
      • New Zealand
    • Europe
      • Germany
      • United Kingdom
      • France
      • Poland
      • Russia
      • Italy
      • Portugal
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Israel
      • Egypt
      • Kingdom of Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global luxury car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Analyst View

4.    Impact of COVID-19 on Global Luxury Car Market

5.    Voice of Customer

6.    Global Luxury Car Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Hatchback, Sedan, SUV and Others)

6.2.2.     By Fuel Type (Petrol, Diesel, Electric and Others)

6.2.3.     By Engine Capacity (<2500cc, 2500-5000cc, & >5000cc)

6.2.4.     By Company

6.2.5.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Luxury Car Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Fuel Type

7.2.3.     By Engine Capacity

7.2.4.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Luxury Car Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Vehicle Type

7.3.1.2.2.             By Fuel Type

7.3.1.2.3.             By Engine Capacity

7.3.1.3.         Market Attractiveness Index

7.3.2.     Japan Luxury Car Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Vehicle Type

7.3.2.2.2.             By Fuel Type

7.3.2.2.3.             By Engine Capacity

7.3.2.3.         Market Attractiveness Index

7.3.3.     Australia Luxury Car Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Vehicle Type

7.3.3.2.2.             By Fuel Type

7.3.3.2.3.             By Engine Capacity

7.3.3.3.         Market Attractiveness Index  

7.3.4.     India Luxury Car Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Vehicle Type

7.3.4.2.2.             By Fuel Type

7.3.4.2.3.             By Engine Capacity

7.3.4.3.         Market Attractiveness Index

7.3.5.     New Zealand Luxury Car Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Vehicle Type

7.3.5.2.2.             By Fuel Type

7.3.5.2.3.             By Engine Capacity

7.3.5.3.         Market Attractiveness Index

8.    Europe Luxury Car Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Fuel Type

8.2.3.     By Engine Capacity

8.2.4.     By Country

8.3.  Europe: Country Analysis

8.3.1.     Germany Luxury Car Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Vehicle Type

8.3.1.2.2.             By Fuel Type

8.3.1.2.3.             By Engine Capacity

8.3.1.3.         Market Attractiveness Index

8.3.2.     United Kingdom Luxury Car Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Vehicle Type

8.3.2.2.2.             By Fuel Type

8.3.2.2.3.             By Engine Capacity

8.3.2.3.         Market Attractiveness Index

8.3.3.     Italy Luxury Car Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Vehicle Type

8.3.3.2.2.             By Fuel Type

8.3.3.2.3.             By Engine Capacity

8.3.3.3.         Market Attractiveness Index

8.3.4.     France Luxury Car Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Vehicle Type

8.3.4.2.2.             By Fuel Type

8.3.4.2.3.             By Engine Capacity

8.3.4.3.         Market Attractiveness Index

8.3.5.     Russia Luxury Car Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Vehicle Type

8.3.5.2.2.             By Fuel Type

8.3.5.2.3.             By Engine Capacity

8.3.5.3.         Market Attractiveness Index

8.3.6.     Poland Luxury Car Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value & Volume

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Vehicle Type

8.3.6.2.2.             By Fuel Type

8.3.6.2.3.             By Engine Capacity

8.3.6.3.         Market Attractiveness Index

8.3.7.     Portugal Luxury Car Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Value & Volume

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Vehicle Type

8.3.7.2.2.             By Fuel Type

8.3.7.2.3.             By Engine Capacity

8.3.7.3.         Market Attractiveness Index

9.    North America Luxury Car Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Fuel Type

9.2.3.     By Engine Capacity

9.2.4.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Luxury Car Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Vehicle Type

9.3.1.2.2.             By Fuel Type

9.3.1.2.3.             By Engine Capacity

9.3.1.3.         Market Attractiveness Index

9.3.2.     Canada Luxury Car Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Vehicle Type

9.3.2.2.2.             By Fuel Type

9.3.2.2.3.             By Engine Capacity

9.3.2.3.         Market Attractiveness Index

9.3.3.     Mexico Luxury Car Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Vehicle Type

9.3.3.2.2.             By Fuel Type

9.3.3.2.3.             By Engine Capacity

9.3.3.3.         Market Attractiveness Index

10.  Middle East & Africa Luxury Car Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Fuel Type

10.2.3.  By Engine Capacity

10.2.4.  By Country

10.3.              MEA: Country Analysis

10.3.1.  South Africa Luxury Car Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Vehicle Type

10.3.1.2.2.           By Fuel Type

10.3.1.2.3.           By Engine Capacity

10.3.1.3.      Market Attractiveness Index

10.3.2.  UAE Luxury Car Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Vehicle Type

10.3.2.2.2.           By Fuel Type

10.3.2.2.3.           By Engine Capacity

10.3.2.3.      Market Attractiveness Index  

10.3.3.  Israel Luxury Car Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Vehicle Type

10.3.3.2.2.           By Fuel Type

10.3.3.2.3.           By Engine Capacity

10.3.3.3.      Market Attractiveness Index

10.3.4.  Kingdom of Saudi Arabia Luxury Car Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value & Volume

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Vehicle Type

10.3.4.2.2.           By Fuel Type

10.3.4.2.3.           By Engine Capacity

10.3.4.3.      Market Attractiveness Index

10.3.5.  Egypt Luxury Car Market Outlook

10.3.5.1.      Market Size & Forecast

10.3.5.1.1.           By Value & Volume

10.3.5.2.      Market Share & Forecast

10.3.5.2.1.           By Vehicle Type

10.3.5.2.2.           By Fuel Type

10.3.5.2.3.           By Engine Capacity

10.3.5.3.      Market Attractiveness Index

11.  South America Luxury Car Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Fuel Type

11.2.3.  By Engine Capacity

11.2.4.  By Country

11.3.              South America: Country Analysis

11.3.1.  Brazil Luxury Car Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Vehicle Type

11.3.1.2.2.           By Fuel Type

11.3.1.2.3.           By Engine Capacity

11.3.1.3.      Market Attractiveness Index

11.3.2.  Argentina Luxury Car Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Vehicle Type

11.3.2.2.2.           By Fuel Type

11.3.2.2.3.           By Engine Capacity

11.3.2.3.      Market Attractiveness Index

11.3.3.  Colombia Luxury Car Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Vehicle Type

11.3.3.2.2.           By Fuel Type

11.3.3.2.3.           By Engine Capacity

11.3.3.3.      Market Attractiveness Index

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1. Bayerische Motoren Werke AG (BMW)

14.2. Mercedes-Benz

14.3. Audi AG

14.4. Toyota Motor Corporation

14.5. Honda Motor Company, Ltd

14.6. Passat (Santana)

14.7. Cadillac

14.8. Mini

14.9. Lexus

14.10.  Tesla

15.  Strategic Recommendations

16.  About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  •    Figure 1: Global Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 2: Global Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 3: Global Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 4: Global Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 5: Global Luxury Car Market Share, By Company, 2020

       Figure 6: Global Luxury Car Market Share, By Region, 2020

       Figure 7: Global Luxury Car Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2026F

       Figure 8: Global Luxury Car Market Attractiveness Index, By Fuel Type, By Volume, 2016-2026F

       Figure 9: Global Luxury Car Market Attractiveness Index, By Engine Capacity, By Volume, 2016-2026F

       Figure 10: Global Luxury Car Market Attractiveness Index, By Region, By Volume, 2016-2026F

       Figure 11: Asia-Pacific Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 12: Asia-Pacific Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 13: Asia-Pacific Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 14: Asia-Pacific Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 15: Asia-Pacific Luxury Car Market Share, By Country, By Volume, 2016-2026F

       Figure 16:China Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 17:China Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 18:China Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 19:China Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 20:China Luxury Car Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2026F

       Figure 21:China Luxury Car Market Attractiveness Index, By Fuel Type, By Volume, 2016-2026F

       Figure 22:China Luxury Car Market Attractiveness Index, By Engine Capacity, By Volume, 2016-2026F

       Figure 23:Japan Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 24:Japan Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 25:Japan Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 26:Japan Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 27:Japan Luxury Car Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2026F

       Figure 28:Japan Luxury Car Market Attractiveness Index, By Fuel Type, By Volume, 2016-2026F

       Figure 29:Japan Luxury Car Market Attractiveness Index, By Engine Capacity, By Volume, 2016-2026F

       Figure 30:Australia Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 31:Australia Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 32:Australia Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 33:Australia Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 34:Australia Luxury Car Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2026F

       Figure 35:Australia Luxury Car Market Attractiveness Index, By Fuel Type, By Volume, 2016-2026F

       Figure 36:Australia Luxury Car Market Attractiveness Index, By Engine Capacity, By Volume, 2016-2026F

       Figure 37:India Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 38:India Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 39:India Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 40:India Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 41:India Luxury Car Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2026F

       Figure 42:India Luxury Car Market Attractiveness Index, By Fuel Type, By Volume, 2016-2026F

       Figure 43:India Luxury Car Market Attractiveness Index, By Engine Capacity, By Volume, 2016-2026F

       Figure 44: New Zealand Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 45: New Zealand Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F

       Figure 46: New Zealand Luxury Car Market Share, By Fuel Type, By Volume, 2016-2026F

       Figure 47: New Zealand Luxury Car Market Share, By Engine Capacity, By Volume, 2016-2026F

       Figure 48: New Zealand Luxury Car Market Attractiveness Index, By Vehicle Type, By Volume, 2016-2026F

       Figure 49: New Zealand Luxury Car Market Attractiveness Index, By Fuel Type, By Volume, 2016-2026F

       Figure 50: New Zealand Luxury Car Market Attractiveness Index, By Engine Capacity, By Volume, 2016-2026F

       Figure 51: Europe Luxury Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2016-2026F

       Figure 52: Europe Luxury Car Market Share, By Vehicle Type, By Volume, 2016-2026F