The global volume of the luxury cars market was forecast to decrease between 2024 and 2029 by in total 184.7 thousand vehicles (-99.56 percent). This overall decrease does not happen continuously, notably not in 2026 and 2028. The indicator is estimated to amount to 0.81 thousand vehicles in 2029.
Data provided by Statista Market Insights are estimates.
The Luxury Cars Market segment includes passenger cars of an average footprint around 5m2 (54 ft2), an average mass around 2200kg (4850lbs) and a passenger/cargo volume larger than 3.4 m3 (120 ft3). Models in this market are characterized by their high price. There are numerous companies that produce exclusively for this market. All key figures shown represent the sales of new luxury cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models.
European Car Segment: F (Luxury Cars)
US Car Segment: Large Cars
Chinese Car Segment: Category B
Also known as: Full-size Luxury Cars, High-end Luxury Cars, Oberklasse
Example models: Audi A8, BMW 7 Series, Jaguar XJ, Mercedes-Benz S-Class, Porsche Panamera.
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Statista. (August 16, 2024). Volume of luxury cars Worldwide 2019-2029 (in 1,000s) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1337366/luxury-cars-market-volume-worldwide
Statista. "Volume of luxury cars Worldwide 2019-2029 (in 1,000s)." Chart. August 16, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1337366/luxury-cars-market-volume-worldwide
Statista. (2024). Volume of luxury cars Worldwide 2019-2029 (in 1,000s). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1337366/luxury-cars-market-volume-worldwide
Statista. "Volume of Luxury Cars Worldwide 2019-2029 (in 1,000s)." Statista, Statista Inc., 16 Aug 2024, https://www.statista.com/forecasts/1337366/luxury-cars-market-volume-worldwide
Statista, Volume of luxury cars Worldwide 2019-2029 (in 1,000s) Statista, https://www.statista.com/forecasts/1337366/luxury-cars-market-volume-worldwide (last visited August 25, 2024)
Volume of luxury cars Worldwide 2019-2029 (in 1,000s) [Graph], Statista, August 16, 2024. [Online]. Available: https://www.statista.com/forecasts/1337366/luxury-cars-market-volume-worldwide