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Strategic Insights into the Global SUV Market
SUVs are no Longer Considered Utilitarian Vehicles; they have Become a Prominent Part of Urban Mobility. Future SUVs Will be Designed to be a Part of Connected Car Networks and Will also Form the Basis of New Urban Mobility
08-Apr-2021
North America
Market Research
MG1D-01-00-00-00
AU02153-NA-MT_25370
The SUV is no longer just a utilitarian off-roader whose sole purpose is to transport goods and other essentials over hostile terrain. Over time, these vehicles have evolved and have started playing other roles as well, primarily as people carriers in urban and suburban areas; they are also used to make a statement of social standing in some regions/markets.
The United States and China will continue to account for the major share of SUV sales; as a result, manufacturers must focus on designing and producing vehicles for these 2 markets. Indian SUV manufacturers have started offering vast upgrades and facelifts to their best-selling models, banking on the growth of the country’s SUV market.
Owing to the large space available in SUVs, the conversion of SUVs from IC engine-powered vehicles to battery electric vehicles (BEVs) is a possibility that can be explored. Skateboard platforms offer an excellent foundation to build on. Traditional SUVs account for a large carbon footprint; therefore, the need for a fully electric SUV is imminent. As a result, the need for battery R&D will be high and the pressure on battery supply chains will increase.
It is important to build partnerships with technology firms to outsource automotive software and cloud-based computing, among other IT parameters. New mobility services and business models must be considered when looking to explore new avenues of vehicle sales and leasing.
SUV manufacturers will have to realign their goals with future technology trends and customer demands to make suitable investments and ensure growth. R&D must be split between urban SUVs and off-roaders to diminish cost and reduce time to market.
Why Is It Increasingly Difficult To Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Global SUV Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Takeaways
Global SUV Market—A Snapshot
Global SUV Market—Key Markets for SUV sales
SUV Market Popularity
Major Global OEMS and their SUV Portfolios
Major Global OEMS and their SUV Portfolios (continued)
Major Global OEMS and their SUV Portfolios (continued)
Urban SUV Segment Benchmarks—Who is Leading the Innovation?
Benchmarking of Leading Participants in the Urban SUV Segment
Benchmarking of Leading Participants in the Urban SUV Segment (continued)
Off-road SUV Segment—Who is Offering the Most Value?
Off-road SUV Segment—Who is offering the most Value? (continued)
Benchmarking of Leading participants in the off-road Rugged SUV Segment
Key Selling Points in the Current Market Climate (The Urban SUV)
Key Selling Points in the Current Market Climate (the Rugged Off-road SUV)
The Urban SUV or the Off-road SUV?
Key Trends in the SUV Segment—CASE Technologies
Key Trends in the SUV Segment—CASE Technologies (continued)
The Tesla Element in the Global Automotive Equation—A Game Changer?
Growth Opportunity 1: Strategic and Technology Partnerships for SUV Technologies—Electric Mobility
Growth Opportunity 1: Strategic and Technology Partnerships for SUV Technologies—Electric Mobility (continued)
Growth Opportunity 2: Strategic and Technology Partnerships for SUV Technologies—Autonomous Driving
Growth Opportunity 2: Strategic and Technology Partnerships for SUV Technologies—Autonomous Driving (continued)
Growth Opportunity 3: Strategic and Technology Partnerships for SUV Technologies—Leasing and RideSharing
Growth Opportunity 3: Strategic and Technology Partnerships for SUV Technologies—Leasing and RideSharing (continued)
The last word—Three Big Predictions for the Future of the SUV Market
List of Exhibits
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