Crossover Vehicles Market Global Industry Report published by Market Research Future. Report provides Global Crossover Vehicles Market Analysis By Growth, Trends, Opportunities, Segmentation, and Regional Forecast To 2023.
Global Crossover Vehicles Market Report By Type (Small Size, Mid-Size, Large Size), Drive Type (Front Wheel, Rear Wheel, and All-Wheel), Fuel Type (Petrol, Diesel), Gear Transmission (Manual, Automatic), Region – Forecast till 2023
Crossover Vehicles Market Highlights:
Crossover vehicle or crossover utility vehicle (CUV) is built on a unibody car platform instead of the body on frame design. Crossover utility vehicle (CUV) is different from sports utility vehicle (SUV) in various terms such as features, ground clearance, and body mounting. Crossover Vehicles features are similar to hatchback or station wagon such as rear liftgate door and fold-down rear seats. The vehicles are designed primarily for light off-road capability.
Global crossover vehicles market has seen remarkable growth; expected to rise at a CAGR of ~9%. Crossover vehicles having a great combination of passenger cars and commercial vehicles. Growing demand for vehicle comfort with better fuel efficiency is the major driving factor for the global crossover vehicles market. The crossover vehicles primarily use all-wheel drive which enhances the capability for cargo carrying as offered utility vehicle which further increases the demand for crossover vehicles for passenger and commercial application. Fleet owners are now getting more inclined towards crossover type utility vehicles than a sedan or light commercial vehicle, due to increased demand for a luxury look and more cargo carrying capacity in the vehicle.
The Key players in the Crossover Vehicles Market are-
Honda Motor Company, Ltd. (Japan), Ford Motor Company (US), Nissan Motor Company Ltd, (Japan), Mazda Motor Corporation (Japan), and Toyota Motor Corporation (Japan). Subaru of America, Inc. (US), Kia Motor Corporation (South Korea), FCA US LLC (US), Volkswagen (Germany), and Volvo Cars (Sweden)
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Crossover Vehicles Market Segmentation:
Global crossover vehicles market is segmented on the basis of type, drive type, fuel type, gear transmission, and region. On the basis of type, the market has been segmented into small size, mid-size, and large size.
On the basis of drive type, the market has been segmented into front wheel, rear wheel, and all-wheel drive. On the basis of fuel type, the market has been segmented into petrol and diesel. On the basis of gear transmission, the market has been segmented into manual and automatic.
Regional Analysis:
Geographically, the global crossover vehicles market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific will dominate the market both in terms of value and volume followed by North America and Europe. Presence of China, Japan, and India is the key countries for the growth of the crossover vehicles in Asia-Pacific. Moreover, China is leading in the consumption and production of crossover vehicles owing to increase demand for luxury vehicles.
Scope of Report:
The report for Global Crossover Vehicles Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.
The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
