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