Luxury SUV Market Size

Luxury SUV Market size was valued at USD 199.58 billion in 2024 and is expected to reach USD 1.64 trillion by 2037, expanding at around 17.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of luxury SUV is assessed at USD 227.68 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.