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Luxury cars: market size 2018

Global luxury car market size from 2010 to 2018 (in billion euros)

by I. Wagner, last edited Mar 22, 2019
Luxury cars: market size 2018 This statistic portrays the size of the global market for luxury cars from 2010 to 2018. In 2018, this market was sized at around 495 billion euros.
Global luxury car market size

The luxury car segment is one of the most dynamic contributors of revenue growth in the global luxury goods market, and is primarily driven by rising demand from increasingly affluent buyers in emerging markets such as Brazil, India, the Middle East and China. In 2018, the luxury car market is estimated to have grown by one percent.

In an attempt to appeal to the more environmentally conscious group of buyers, a fair share of the luxury car fleet is projected to become more ‘eco-friendly’. Luxury electric vehicles such as the battery-powered Tesla Model 3 are set to drive growth in the luxury car segment. At the same time, luxury SUVs are also expected to attract a new group of customers. High-end automobiles are expected to combine connectivity and ergonomics, the two key aspects driving the automotive industry. However, smart vehicles require improved infrastructure particularly in urban areas, as there is only a limited number of cities providing the infrastructure that is needed for the implementation of connected car programs.
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Global luxury car market size from 2010 to 2018 (in billion euros)

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