- What you will discover...
- As rules for CO2 emissions tighten, SUVs will be a key focus due to fuel-saving tech and e-axles
- Four-wheeled drive systems will rise at a CAGR of 3.2% between 2024 and 2034, demonstrating a higher growth rate than the total car sales industry at 1.3%
- SUVs are more profitable than standard cars, so a move towards these vehicles holds promise for manufacturers in terms of profit margin
Understand what drives the growing sales of SUVs...
New developments such as downsized turbocharged engines and lightweighting are important for the fuel efficiency of SUVs. Electrified axles (e-axles) provide an electric motor that is fitted to the second axle of the car, reducing energy loss that would usually be seen with ‘all-wheeled drive’ cars.
Mike Vousden, Automotive Analyst at GlobalData, commented:
“SUVs are synonymous with four-wheel-drive systems thanks to their origins in off-road vehicles. The overall global fitment rate of these systems, standing at more than 16 million units in 2018, can be used as a proxy for SUV development.”
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