What is the current Europe Luxury Car Market size?

The Europe Luxury Car Market is projected to register a CAGR of 9% during the forecast period (2024-2029) Read More

Who are the key players in Europe Luxury Car Market?

BMW AG, Tesla Inc., Mercedes-Benz Group AG, Audi AG and Volvo Cars are the major companies operating in the Europe Luxury Car Market. Read More

Which is the fastest growing region in Europe Luxury Car Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Europe Luxury Car Market?

In 2024, the Europe accounts for the largest market share in Europe Luxury Car Market. Read More

What years does this Europe Luxury Car Market cover?

The report covers the Europe Luxury Car Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Luxury Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

European Luxury Cars Market - Share, Size & Growth

European Luxury Cars Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The European Luxury and Premium Cars Market is segmented by Vehicle Type (Hatchback, Sedan, Sport Utility Vehicles, and Multi-Purpose Vehicles), Drive Type (IC Engine and Electric), and Country (Germany, United Kingdom, France, Spain, Italy, Russia, the Netherlands, Denmark, Sweden, Belgium, Switzerland, and Rest of Europe). The report offers market size and forecast for the Europe Luxury Car market in Value (USD billion) for all the above segments.

European Luxury Cars Industry Overview

The European Luxury Car market is dominated by a few players, such as BMW Group, Mercedes-Benz Group, Ford Motor, Volkswagen AG, and many others. The market is highly driven by factors like advanced technology, more comfort, growing investment in R&D projects, and a growing market of electric and autonomous vehicles around the region.

To provide a more luxurious experience to customers, the major automotive luxury car manufacturers are investing a huge amount in R&D and making joint ventures with other industry players.

For instance, in May 2022, Audi e-Tron GT and RS e-Tron launched their segment in the European market. Both vehicles are fully electric, and the company announced that the RS e-Tron was the company's flagship vehicle.

In March 2022, Ford Motor expanded its Ford Model e Unit across Europe. The company expanded its manufacturing facility with an annual production capacity of 600,000 vehicles by 2026.

In March 2020, BMW Group invested more than EUR 30 billion in research and development on future-oriented technologies up to 2025.