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India Luxury Vehicles Market is Anticipated to Grow at a CAGR of 8.56% During the Forecast Period (2016-2024)
India Luxury Vehicles Industry Analysis 2016-2024
According to Goldstein Research, major driver in Indian luxury vehicles market are growing income, expanding product lines and affordable finance options. Between 2015 and 2016, India has witnessed a 12% increase in ultra-high net worth individuals (UHNWIs) and is projected to grow at 150% over the next decade. India luxury vehicles market outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, Tier-I cities accounted for the highest revenue share of luxury vehicles as the major sales of luxury vehicles are growing significantly in Tier-I cities. Tier-II cities are the most opportunistic and fastest growing markets and are expected to dominate the market in coming years.
On the basis of our in-depth analysis, India luxury vehicles market can be segmented as follows:
By Vehicle Type
- Luxury Sedans
- Ultra-Luxury Sedans
- Sports Cars
- Compact and Subcompact Luxury Cars
By Feature Type
- Standard Features
- Customized Features
By Buyers Type
- New Luxury Car Buyers
- Pre-Owned Luxury Car Buyers
- Tier- I Cities Luxury Vehicles Market
- Tier- II Cities Luxury Vehicles Market
- Tier- III Cities Luxury Vehicles Market
“India luxury vehicles Market Outlook 2024” contains detailed overview of the India luxury vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by vehicle type, by feature and by buyers’ type.
Further, for the in-depth analysis, India Luxury Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Mercedes-Benz, The Volvo Group, Jaguar Land Rover, Audi AG, BMW, Toyota Motor Corporation, Volkswagen AG, Ford Motor Company, Lamborghini S.p.A, Rolls-Royce Holdings plc etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the India luxury vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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