India Luxury Vehicles Market is Anticipated to Grow at a CAGR of 8.56% Over The Forecast Period (2016-2024)

Posted on 2018-07-20 by Goldstein Research in Accounting // 0 Comments

New York, USA, 2018-Jul-20 — /EPR Network/ — According to Goldstein Research, the major driver in an Indian luxury vehicles market is growing income, expanding product lines and affordable finance options. Between 2015 and 2016, India has witnessed a 12% increase in ultra-high net worth individuals (UHNWIs) and is projected to grow at 150% over the next decade. India luxury vehicles market outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, Tier-I cities accounted for the highest revenue share of luxury vehicles as the major sales of luxury vehicles are growing significantly in Tier-I cities. Tier-II cities are the most opportunistic and fastest growing markets and are expected to dominate the market in coming years.

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Market Segmentation

On the basis of our in-depth analysis, India luxury vehicles market can be segmented as follows:

By Vehicle Type

Luxury Sedans
Ultra-Luxury Sedans
SUVs
Sports Cars
Compact and Subcompact Luxury Cars

By Feature Type

Standard Features
Customized Features

By Buyers Type

New Luxury Car Buyers
Pre-Owned Luxury Car Buyers

By Geography

Tier- I Cities Luxury Vehicles Market
Tier- II Cities Luxury Vehicles Market
Tier- III Cities Luxury Vehicles Market

“India luxury vehicles Market Outlook 2024” contains a detailed overview of the India luxury vehicles market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by vehicle type, by feature and by buyers’ type.

Further, for the in-depth analysis, India Luxury Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Mercedes-Benz, The Volvo Group, Jaguar Land Rover, Audi AG, BMW, Toyota Motor Corporation, Volkswagen AG, Ford Motor Company, Lamborghini S.p.A, Rolls-Royce Holdings plc etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the India luxury vehicles market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on Automotive Industry Analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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