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Strategic Insights into the Global SUV Market

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

RELEASE DATE
08-Apr-2021
REGION
North America
Deliverable Type
Market Research
Research Code: MG1D-01-00-00-00
SKU: AU02153-NA-MT_25370
AvailableYesPDF Download

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AU02153-NA-MT_25370

Strategic Insights into the Global SUV Market
Published on: 08-Apr-2021 | SKU: AU02153-NA-MT_25370

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Description

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.

Infographic
Table of Contents

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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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 countrys 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.
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Eshwer Shivaprakash
Industries Automotive
WIP Number MG1D-01-00-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9807-A6,9813-A6,9882-A6,9AF6-A6,9B02-A6,9B13-A6