Sports Utility Vehicle Market Size , Share , Analysis and Forecasts To 2021
Market Research Analysts forecast the global sports utility vehicle market to grow at a CAGR of 19.03 % during the period 2017-2021 .
According to the report , one driver in market is automakers launching new models leading to new customer base . The global automotive industry is evolving rapidly with the emergence of new technologies and development of new vehicles . In the last decade , many new vehicles have been commercially viable to the mass market , especially with the entrance of new-age SUVs in the automotive market . The automakers have been working on the economics of demand and supply . In order to meet the potential demand , they have been working on the increasing the product line of SUVs .
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About Sports Utility Vehicle
An SUV is usually equipped with either four-wheel drive or all-wheel drive for off-road capability . These vehicles are usually built on the same platform as that of a light-duty truck and are generally shares the common chassis as used while manufacturing pick-up trucks or light duty trucks . In the past couple of years , the global automotive market has also witnessed the emergence of new vehicle type such as crossutility vehicles ( CUVs ), which share the similar design as that of an SUV but they are built on passenger car chassis rather than station wagon chassis .
Covered in this report
The report covers the present scenario and the growth prospects of the global sports utility vehicle market for 2017-2021 . To calculate the market size , the report analyses the global SUV market in the small-sized SUV , medium-sized SUV , and large-sized SUV segments .
The market is divided into the following segments based on geography :
Americas
APAC
EMEA