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1.1 Definition and scope of study

SUV stands for Sport Utility Vehicle and identifies mixed machines that combine the pragmatism of an automobile with the ruggedness of an off-road vehicle, from which they inherit many features that go well beyond mere size. These models are perfectly adapted to both urban and off-road scenarios. The elevated driving position compared to a traditional car gives a wide feeling of control, handling and safety. The global SUV market has been valued at $2924.52 million in 2020 and is expected to grow at a CAGR of 2.42% from 2020 to 2027. Over the past six years, this segment has been a real benchmark in terms of units sold across Europe.

In 2019, prior to Covid, SUVs had recorded a total of 6.03 million units sold in Europe representing a 38.3% share of the total market, an all-time high in recent years. In Italy, SUVs' share of the car market is around 40%, with small SUVs leading the sector. These models also climb positions in the ranking of the best-selling individual cars, with Fiat 500X and Jeep Renegade coming in at #4 and #5 in the ranking of the best-selling cars in Italy in 2020.

The trend will continue in the coming years, with many brands, such as Peugeut, Hyundai and Alfa Romeo, already announcing new models coming to market. Consumers are looking for small and compact SUVs, but mostly electric: the electrification trend in all expected variants (mild hybrid, full hybrid, plug-in hybrid and 100% electric) is less extensive among high-wheel models, so the market will quickly adapt. Major manufacturers include Volkswagen Group, Toyota Group, Renault Nissan Alliance, FCA-PSA, General Motors, Hyundai-Kia, Ford Group, Honda Motor and Merceder Daimler.






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Reviews (3)

The market for automatic cash registers - France

Publicado en 11/01/2022 by Malcolm Vincent

Interesting estimate of a fast-growing market mainly centered on mass retailing and specialized distribution, whose development is however slowed down by social problems linked to the disappearance of cashiers. Consumer behavior in front of these automatic checkouts and product typology well analyzed

Businesscoot Response:

Hello Malcolm, Thank you very much for this very positive review! We are delighted that you are enjoying our studies and we thank you for your trust in us.

The bodywork market - France

Publicado en 25/02/2021 by Lengele

Saves time on researching reliable statistics

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Hello, Thank you for your feedback which helps us to improve the quality of our studies. We hope that you will put 5/5 to the next one ;)

The Glass Fiber Market - France

Publicado en 11/02/2021 by Marc-Henri Mignon - Insights & Synergies Conseils

An interesting price-quality ratio to enter a new market

Businesscoot Response:

Hello Marc-Henri, Thank you for your feedback which helps us to improve the quality of our studies. We hope you will give us a 5/5 for the next one ;)