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DUBLIN--(BUSINESS WIRE)--Oct 4, 2022--
United Kingdom Luxury Car Industry to 2027 - Featuring Daimler, Volvo, Volkswagen and Ferrari Among Others - ResearchAndMarkets.comThe "United Kingdom Luxury Car Market, By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Propulsion (ICE, Electric), By Level of Autonomy (Level 1, Level 2, Level 3, Level4/5), By Region, Competition Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The United Kingdom luxury car market is projected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising preference towards a modern lifestyle and a rise in the adoption of the latest technologies.
Companies Mentioned
Luxury cars have high-end material and finishes on the interior and exterior of the car and come with advanced safety features, entertainment systems, seat massagers, etc. Hence, consumers are increasingly adopting luxury cars because of the high demand for safety and enhanced riding experience.
Greater availability of luxury cars in all vehicle categories, such as hatchbacks, minivans, sedans, etc., is expected to propel the United Kingdom luxury car market growth in the coming years. Luxury cars are seen as a status symbol since they are comparatively more expensive than traditional automobiles.
Thus, people with high disposable income prefer to purchase luxury cars to advance their lifestyles. High investment by market players to improve technologies that further enhance the driving experience and incorporate advanced features such as active suspension, executive rear seats, remote seats, remote start, etc., are further expected to drive the growth of the United Kingdom luxury cars market.
Stringent emission standards by governments of various countries and high demand for fuel-efficient vehicles are providing a remarkable growth opportunity for the players operating in the United Kingdom luxury car market. Moreover, the companies are providing car loans to consumers to make luxury cars affordable, generating interest among consumers to own luxury cars from brands like McLarens, Ferraris, Aston Martins, and Porsches.
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Report Scope:
In this report, United Kingdom luxury car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
United Kingdom Luxury Car Market, By Vehicle Type:
United Kingdom Luxury Car Market, By Propulsion:
United Kingdom Luxury Car Market, By Level of Autonomy:
United Kingdom Luxury Car Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/l381ju
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KEYWORD: UNITED KINGDOM EUROPE
INDUSTRY KEYWORD: GENERAL AUTOMOTIVE RETAIL LUXURY AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/04/2022 07:12 AM/DISC: 10/04/2022 07:12 AM
http://www.businesswire.com/news/home/20221004005668/en