Luxury SUV Market Size

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Report ID: 6030
Published Date: Sep 17, 2025
Report Format: PDF, PPT

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Luxury SUV Market Outlook:

Luxury SUV Market size was valued at USD 32.93 billion in 2025 and is expected to reach USD 104.12 billion by 2035, registering around 12.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of luxury SUV is evaluated at USD 36.55 billion.

The reason behind the growth is the increasing production of automobiles across the globe, leading to more options in the luxury SUV landscape. According to the International Organization of Motor Vehicle Manufacturers (OICA), the estimated world vehicle motor production in the year 2023 was approximately 93546599 units. Global auto sales, on the other hand, grew significantly in 2023, and future growth is expected as a result of heightened consumer interest, new government regulations, and industry support.

Browse key industry insights with market data tables & charts from the report:

Luxury SUV Market Size, Share & Growth Forecast 2035

Frequently Asked Questions (FAQ)

In the year 2026, the industry size of luxury SUV is evaluated at USD 36.55 billion.

The global luxury SUV market size exceeded USD 32.93 billion in 2025 and is set to register a CAGR of over 12.2%, exceeding USD 104.12 billion revenue by 2035.

Asia Pacific luxury SUV market is expected to capture 45% share by 2035, driven by rising personal disposable income and robust economic growth, increasing demand for luxury SUVs in countries like China, South Korea, and Japan.

Key players in the market include AUDI AG, Bayerische Motoren Werke AG, Jaguar Land Rover Automotive PLC, Volvo Group, Acura, Alfa Romeo Automobiles S.p.A., Bentley Motors Limited, Cadillac, GMC.