Automotive Disruption Report

China saw a 600% rise in SUV sales between 2010 and 2018

Sport Utility Vehicles, or SUVs, are popular cars and are ones that look to increase in popularity in the coming years. Consumers worldwide are making the switch to SUV cars instead of sedans, wagons, and hatchbacks.

The trendy design of SUVs is a huge draw for consumers and GlobalData found that the market share for SUVs in the US grew from 45% in 2012 to 65% in 2018. In China, general car sales rose by 50% in the period 2010-2018, and in the same time period, sales of SUVs soared exponentially by 600%.

  • 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.”

Use out thematic research to understand what drives SUV sales and align your investments to maximize profits. To purchase this report click ‘Buy Now’ .

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