Published by Coherent Market Insights
Posted on September 20, 2021
United States/WA: Luxury Van Market Will Boom In Near Future
Report Pages:[130 Pages]
Market Overview:
Luxury Van is ideal for all types of van which can be used by Private Owners, Caravans, Travelers, Businesses, and Tour Operators. The greatest benefit of Luxury Van Market is that they are able to transport more people and luggage at one time than compact vans. Sprinter vans are known for being able to fit up to 12 people comfortably, but only two individuals can be seated in an open-top van – this is where the luxury of a luxury van comes in.
Luxury Van Market, by end users (Individual and Fleet Operators) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights
Competitive Landscape:
General Motors Company (GM), Volkswagen Group, Daimler, Nissan Motor Company, Becker Automotive Design, Ford Motor, Hyundai Motor, Thor Industries, Honda Motor, Renault, and Toyota Motor
Key Market Drivers:
Increasing consumer purchasing power due to growing disposable income across developing regions is driving growth of the luxury van market. This has led to the improvement of living standards and the adoption of a luxury vehicles. For instance, on July 15, 2021, the National Bureau of Statistics announced that China’s GDP grew by 7.9 percent in the second quarter of the year, compared to the same period the previous year. Overall, China’s GDP increased by 12.7 percent through the first half of 2021, putting the country on track to meet its growth target of “over 6 percent.
Growing research &development activities for next-generation of autonomous vehicles is augmenting growth of the market. For instance, in October 2020, Ford plans to launch its self-driving business in 2022 with vehicles based on the Ford Escape Hybrid crossover. The next-generation vehicles include “launch-intent” technologies that are needed to support the commercialization.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/648
Covid-19 Impact Analysis
The covid-19 pandemic has had an abrupt impact on the automobile industry and has led to unprecedented policy responses across the world. The industry has witnessed a larger hit in 2020 due to lockdown and is expected to have a slower recovery in 2021.
Key Takeaways:
The luxury van market is expected to exhibit a CAGR of XX % over the forecast period, due to the growing adoption of growth strategies such as mergers and acquisitions among key players. For instance, in December 2020, THOR Industries, Inc. announced the acquisition of Tiffin Motor Homes, Inc. and related companies for $300 million, funded with a combination of available cash and a draw on the Company’s existing asset-based credit facility. For many decades, Tiffin has set the standard for the luxury class A market.
The Asia Pacific is expected to witness strong growth in the global luxury van market over the forecast period owing to rapid growth in the tourism & hospitality industry. According to the India Brand Equity Foundation, during 2019, foreign tourist arrivals (FTAs) in India stood at 10.93 million, achieving a growth rate of 3.5% y-o-y. During 2019, FEEs from tourism increased 4.8% y-o-y to Rs. 1, 94,881 crore (US$ 29.96 billion). In 2019, arrivals through e-Tourist Visa increased by 23.6% y-o-y to 2.9 million.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] Asia Pacific is expected to witness strong growth in Luxury Van Market appeared first on Gatorledger.
United States/WA: Luxury Van Market Will Boom In Near Future
Report Pages:[130 Pages]
Market Overview:
Luxury Van is ideal for all types of van which can be used by Private Owners, Caravans, Travelers, Businesses, and Tour Operators. The greatest benefit of Luxury Van Market is that they are able to transport more people and luggage at one time than compact vans. Sprinter vans are known for being able to fit up to 12 people comfortably, but only two individuals can be seated in an open-top van – this is where the luxury of a luxury van comes in.
Luxury Van Market, by end users (Individual and Fleet Operators) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights
Competitive Landscape:
General Motors Company (GM), Volkswagen Group, Daimler, Nissan Motor Company, Becker Automotive Design, Ford Motor, Hyundai Motor, Thor Industries, Honda Motor, Renault, and Toyota Motor
Key Market Drivers:
Increasing consumer purchasing power due to growing disposable income across developing regions is driving growth of the luxury van market. This has led to the improvement of living standards and the adoption of a luxury vehicles. For instance, on July 15, 2021, the National Bureau of Statistics announced that China’s GDP grew by 7.9 percent in the second quarter of the year, compared to the same period the previous year. Overall, China’s GDP increased by 12.7 percent through the first half of 2021, putting the country on track to meet its growth target of “over 6 percent.
Growing research &development activities for next-generation of autonomous vehicles is augmenting growth of the market. For instance, in October 2020, Ford plans to launch its self-driving business in 2022 with vehicles based on the Ford Escape Hybrid crossover. The next-generation vehicles include “launch-intent” technologies that are needed to support the commercialization.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/648
Covid-19 Impact Analysis
The covid-19 pandemic has had an abrupt impact on the automobile industry and has led to unprecedented policy responses across the world. The industry has witnessed a larger hit in 2020 due to lockdown and is expected to have a slower recovery in 2021.
Key Takeaways:
The luxury van market is expected to exhibit a CAGR of XX % over the forecast period, due to the growing adoption of growth strategies such as mergers and acquisitions among key players. For instance, in December 2020, THOR Industries, Inc. announced the acquisition of Tiffin Motor Homes, Inc. and related companies for $300 million, funded with a combination of available cash and a draw on the Company’s existing asset-based credit facility. For many decades, Tiffin has set the standard for the luxury class A market.
The Asia Pacific is expected to witness strong growth in the global luxury van market over the forecast period owing to rapid growth in the tourism & hospitality industry. According to the India Brand Equity Foundation, during 2019, foreign tourist arrivals (FTAs) in India stood at 10.93 million, achieving a growth rate of 3.5% y-o-y. During 2019, FEEs from tourism increased 4.8% y-o-y to Rs. 1, 94,881 crore (US$ 29.96 billion). In 2019, arrivals through e-Tourist Visa increased by 23.6% y-o-y to 2.9 million.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] Asia Pacific is expected to witness strong growth in Luxury Van Market appeared first on Gatorledger.
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