Us Luxury Car Market Share

The size of the global luxury car market is expected to increase by 6 663 thousand units between 2017 2022 accelerating at a cagr of almost 12 during the forecast period.

Us luxury car market share. Ytd market share dynamics. The luxury car market is projected to grow at a cagr of 5 38 by 2024. For some perspective the bmw 2 series 3 series 4 series and. This graph illustrates the market share of luxury car brands in the united states in 2019 when bmw reached a market share of around 14 percent.

Based on these informed estimates as well as official sales data from other automakers the tesla model 3 took 17 of the us small and midsize luxury car market in first half of the year and 11. You can see in this handy chart that the big brands continue to make up a disproportionate amount of the market for new car sales. Luxury car market overview. Luxury car market share in 2019 by key marque.

Technavio s luxury car industry analysis highlights this growth in market size will be primarily attributed to the continuously rising demand for luxury suvs. That said mature markets such as the united states remain important target countries. This chart gives you a view of the year to date automotive sales volumes by brand and how they make up the u s automotive market in terms of market share. Luxury car market statistics 2026.

The top 10 luxury car brands in the world are contributing to a fast growing global luxury car market in 2020. The tesla model 3 accounted for approximately 21 of new small midsize luxury car sales in the usa in the first quarter of 2020. The global luxury car market size was valued at 495 7 billion in 2018 and is projected to reach 733 2 billion by 2026 registering a cagr of 5 2 from 2019 to 2026. The luxury car segment currently makes up about five percent of the u s.

Also the report offers latest trends size share and industry overview. Bmw mercedes benz and audi are the largest luxury car brands in the world by revenue.