Luxury car market size , Share & market forecast 2024 - TechSci Research

1. 2014 – 2024 GLOBAL LUXURY CAR MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Luxury Car Luxury cars come with tractional control, airbags, review cameras and anti-lock braking systems and offer more security. Option of customization and high horse power with remote starters, electronic parking aids and rain-sensing windshield wipers only add-up to their demand and promote the growth of the luxury car market. Based on vehicle type, market can be segregated into hatchback, sedan, SUV, among others. Market Segmentation Review Period 2014 – 2017 Base Year 2018 Estimated Year 2019 Forecast Period 2020 – 2024 VEHICLE TYPE FUEL TYPE Year Range • Hatchback • Sedan • SUV • Others • Petrol • Diesel • Electric • Others LUXURY CAR MARKET ENGINE CAPACITY REGIONS • <2500cc • 2500-5000cc • >5000cc • North America • Europe • Asia-Pacific • South America • Middle East & Africa

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16. RESEARCH METHODOLOGY

17. Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing list of respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in the global Luxury Car market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global Luxury Car market Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Website • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers

18. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of global Luxury Carmarket. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors, such as high disposable income and features such as high speed, state of the art technology and customization options, to fuel the market for luxury car and speculated a positive growth during the next 5 years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in global luxury carmarket. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as luxury car supplier companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 luxury car supplier companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 Industry experts and other value chain stakeholders in global Luxury Carmarket to obtain the overall market size from 2014-2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from 2014-2018.

19. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the end use product type of luxury car. Methodology Followed for Calculation of Market Shares: Market shares by vehicle type, by fuel type, by transmission type, by engine capacity, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various end use product type of luxury car. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global Luxury Car market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis

20. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.

21. INDUSTRY BRIEF According to TechSci Research report, “Global Luxury Car Market By Vehicle Type, By Fuel Type, By Engine Capacity, By Region, Competition, Forecast & Opportunities, 2024”, the global luxury car market witnessed 8 million unit sales in 2018 and is anticipated to grow at impressive rate during the forecast period, owing to a plethora of features offered in luxury cars such as accident avoidance systems, double staked infotainment systems, surround sound audio, TPMS equipped tires and opulent interiors. Moreover, increasing disposable income and demand for high horse power vehicles are expected to boost demand for luxury cars, globally, during the forecast period. Global luxury car market can be segmented based on vehicle type, fuel type and engine capacity. In terms of vehicle type, sedans accounted for the largest share and the trend is expected to continue in the forthcoming years as well as they have better interiors, high speed stability and softer suspension setup for comparable price. In terms of engine capacity, <2500cc is the dominating segment in global luxury car market, as major luxury cars fall in this category. Based on fuel type, petrol captured the major share in 2018. While, others segment which includes CNG and electric is poised to grow at a high rate during the forecast period, on account of increasing concerns regarding harmful effects of air pollution and government subsidies for the adoption of electric vehicles. BayerischeMotoren Werke AG (BMW), Mercedes-Benz, Audi AG, Toyota Motor Corporation, Honda Motor Company, Ltd, Passat (Santana), Cadillac, Mini, Lexus, Tesla, among othersare some of the leading players operating in global luxury car market. Surging popularity of luxurious vehicles is pushing the companies to focus on improving the design and functionality of vehicles. Mercedes Benz has collaborated with Google for Google Home and Google Assist Software in order to offer cutting-edge technologies. In 2018, Daimler signed MoU with Baidu to integrate the latter’s connectivity services in the Mercedes-Benz’s new car infotainment system. “Europe dominated the global luxury car market in 2018 , backed by the presence of leading players and early adoption of advanced technologies. The demand for luxury cars is anticipated to increase in Asia-Pacific region in the coming years, on account of increasing per capita income, popularity of high-speed cars among youth and growing demand for enhanced comfort and convenience.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

22. SAMPLE DATA – SNAP SHOT Global Luxury Car Market, By Share, By Company, By Value, 2018 Global Luxury Car Market Size, By Value, 2019E & 2024F (USD Million) $XX Million 2024F XX% CAGR $XX Million 2019E Germany Luxury Car Market Share, By Vehicle Type, By Value, 2014–2024F Europe Luxury Car Market Size, By Value, 2014–2024F (USD Million) CAGR BY VALUE CAGR BY VALUE YY% XX%

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