Premium vehicles - luxury car market size worldwide 2010-2019

In 2019, the global market for luxury cars was sized at around 550 billion euros. This segment accounted for over 40 percent of the worldwide luxury market, according to the source.

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. In 2019, the luxury car market is estimated to have grown by 11 percent at current exchange rates.

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.

Global luxury car market size from 2010 to 2019

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until June 30th
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in

Release date




Survey time period

2010 to 2019

Supplementary notes

The 2019 figure is an estimate; the figures for 2010 to 2018 were taken from previous publications.
The source does not define the term 'luxury car'.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Jaguar Land Rover Automotive"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.