Summary

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. 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.
The United Kingdom luxury car market is segmented by vehicle type, propulsion, level of autonomy, competitional landscape, and regional distribution. Based on vehicle type, the market is fragmented into hatchback, sedan, and SUV/MPV. The SUV/MPV segment is expected to hold the largest share in the United Kingdom luxury cars market owing to its high sales, exquisite designs, and advanced technologies incorporated in the SUV/MPV. Sedan cars are also expected to hold a significant share in the market due to their advantages such as smooth riding experience, extensive level of technology, comfort, etc.
Major companies operating in the United Kingdom luxury cars market are Daimler AG (Mercedes-Benz), Bayerische Motoren Werke (BMW) AG, Volvo Group, Volkswagen Group, Jaguar Land Rover Automotive PLC, Fiat Chrysler Automobiles, Aston Martin Lagonda Global Holdings PLC, Toyota Motor Corporation (Lexus), Stellantis N.V., Ferrari S.p.A., among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze the historical growth in the market size of the United Kingdom luxury car market from 2017 to 2027.
• To estimate and forecast the market size of United Kingdom luxury car market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast the United Kingdom luxury car market based on vehicle type, propulsion, level of autonomy, region, company, and region.
• To identify the dominant region or segment in the United Kingdom luxury car market.
• To identify drivers and challenges for the United Kingdom luxury car market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United Kingdom luxury car market.
• To identify and analyze the profiles of leading players operating in the United Kingdom luxury car market.
• To identify key sustainable strategies adopted by market players in United Kingdom luxury car market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the United Kingdom luxury car market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience
• Luxury car manufacturers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to luxury cars
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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:
o Hatchback
o Sedan
o SUV/MPV
• United Kingdom Luxury Car Market, By Propulsion:
o ICE
o Electric
• United Kingdom Luxury Car Market, By Level of Autonomy:
o Level 1
o Level 2
o Level 3
o Level4/5
• United Kingdom Luxury Car Market, By Region:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United Kingdom luxury car market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).

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