India Compact SUV (Sports Utility Vehicles) Market Analysis 2017-2025: Industry Trends, Growth, Sales Data, Export/Import, Revenue, & Market Opportunity Assessment

Market Overview

After many years of fascinating over small passenger vehicles, automakers in one of the fastest growing economies are now moving towards the compact sports utility vehicles and multi-utility vehicles (MUVs). Over the past five years, their sales have blown-up, accounting for one in every four passenger vehicles sold by India’s USD 74-billion automobile industry. In 2010, UVs and compact SUVs constituted just about 14% of the complete passenger vehicle sales. Currently, they account for more than 25%, the recent data from industry body Society of Indian Automobile Manufacturers (SIAM) shows. Much of the latest explosion in UV sales has been led by compact SUVs such as the Maruti Suzuki Vitara Brezza, Toyota Fortuner, Ford Ecosport, Renault Duster, and Tata Nexon. There are two major factors for the triumph of utility vehicles, particularly SUVs. Sports utility vehicles, especially compact SUVs, have become affordable for the Indian consumer. Secondly, there has been a conscious determination from the automakers to introduce more SUV models in the Indian market. The auto-makers are fine-tuning the cars designs and bringing innovations that are suitable for Indian conditions. Moreover, it is expected that compact SUVs will emerge as the second-biggest segment in the Indian market during the forecast period.

Market Size & Forecast to 2025

Goldstein Research analyst forecast India Compact SUV market is likely to boom as the demand for compact SUVs in India is on the rise. Compact SUVs segment has immense growth potential and as a result almost all automakers are trying to tap it. Further, the market is anticipated expand at a CAGR of 9.6% over the forecast period i.e. 2017-2025.

Covered In This India Compact SUV Market Report                     

The report covers the present ground scenario and the future growth prospects of the compact SUV market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in India. India compact SUV market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

India Compact SUV Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the India compact SUV market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “India compact SUV Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Kay Market Players

Our India Compact SUV Market Report comprises of the following companies as the key players.

• Maruti Suzuki
•  Mahindra and Mahindra
• Volvo Group
• Toyota Motor Corporation
• Volkswagen AG
•  BMW AG
• Honda Motor Co. Ltd.
• Hyundai Motor Company

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India compact SUV market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for compact SUV market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the compact SUV market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects