Crossover Vehicles Market Research Report and Growth Analysis 2022 By Type (Small Size, Mid-Size, Large Size), Drive Type (Front Wheel, Rear Wheel, and All-Wheel), Fuel Type (Petrol, Diesel), Gear Transmission (Manual, Automatic), Region – Forecast till 2030
The global crossover vehicles market is expected to rise at a CAGR of 9% over the forecast period. Low fuel emissions and focus on fuel efficiency can influence the sales of crossover vehicles. The high ride height is also responsible for its high sales in beginner families. Combination of vehicular comfort and fuel efficiency can entice customers towards CUVs. The all-wheel drive technology which provides additional storage space is one of the best features in crossover vehicles.
Crossover vehicles or crossover utility vehicles (CUV) are vehicles with the features of a SUV and a passenger car and built using a unibody platform. The global crossover vehicles market report by Market Research Future (MRFR) contains drivers and challenges which influence the size and revenue predictions as well as a forecast period. The COVID-19 pandemic and its effects on the automotive industry are explored with effective countermeasures for weathering uncertain situations.
Crossover Vehicles Market Competitive Outlook
Top key players in the global crossover vehicles market are,
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Low maintenance costs of these vehicles and sales of these vehicles in Argentina, Singapore, China, and India can lead to many automakers marketing their latest CUVs in these countries. High disposable income levels and purchasing power of consumers in developing economies can favor the global crossover vehicles market.
Technological strides in the automotive industry have led to the adoption of the crossover design in electric and hybrid vehicles. Development of autonomous vehicles like the Nissan IMx which blends the best of Japanese culture and design for providing security and comfort to the driver and passengers is a prime example.
But the high costs of these vehicles can limit the market growth.
crossover Vehicles Market Segmentation
On the basis of type, the market has been segmented into small size, mid-size, and large size.
On the basis of drive type, the market has been segmented into all-wheel drive, front wheel, and rear wheel. The all-wheel drive technology is expected to gain the lead in the market over the forecast period due to its ability of distributing torque.
On the basis of fuel type, the market has been segmented into petrol and diesel. The petrol segment is likely to take the lead owing to various automakers opting to leave out diesel variants of crossover vehicles.
By gear transmission, the market has been segmented into manual and automatic.
Crossover Vehicles Market Report Scope:
Report Metrics |
Details |
Market Size |
Significant Value in USD |
CAGR |
9% CAGR (2022-2030) |
Base Year |
2021 |
Forecast Period |
2022-2030 |
Historical Data |
2019 & 2020 |
Forecast Units |
Value (USD Million) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Crossover Vehicles Market Regional Analysis
Asia Pacific will dominate the market both in terms of value and volume, followed by North America and Europe. The high demand for these cars in China, Japan, and India are key for influencing the crossover vehicles market in the region. Moreover, China is leading in the consumption and production of crossover vehicles owing to increase demand for luxury vehicles.
North America and Europe can follow after Asia Pacific owing to the preference of four wheelers among the consumers in these regions. The demand for mid and large crossover vehicles and sales of luxury crossovers in Europe can ensure a lucrative period for the market. Electrification of vehicles and regulations for reducing carbon emissions can drive the demand for CUVs in Europe.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Crossover Vehicles Market, By Type
5.1 Introduction
5.2 Small Size Crossover
5.2.1 Market Estimates & Forecast, 2020-2027
5.2.2 Market Estimates & Forecast By Region, 2020-2027
5.3 Mid-Size Crossover
5.3.1 Market Estimates & Forecast, 2020-2027
5.3.2 Market Estimates & Forecast By Region, 2020-2027
5.4 Full Size Crossover
5.4.1 Market Estimates & Forecast, 2020-2027
5.4.2 Market Estimates & Forecast By Region, 2020-2027
6 Global Crossover Vehicles Market, By Drive Type
6.1 Introduction
6.2 Front Wheel Drive
6.2.1 Market Estimates & Forecast, 2020-2027
…Continued.
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