Market by SUV Size (Compact SUV, Subcompact SUV, Mid-Size SUV, Full-Size SUV), Drivetrain Type (All-Wheel Drive, Four-Wheel Drive, Two-Wheel Drive) Price Range (Luxury, Mid-Range, Budget) Seating Capacity (5-Seater, 7-Seater, 8 Seater & Above) Fuel Type (Gasoline, Diesel, Hybrid, Electric) and Country Outlook | Forecast 2024-2032
According to Triton’s analysis, the Europe sport utility vehicle (SUV) market is projected to rise at a CAGR of 6.02% in revenue over the forecast years 2024-2032.
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The European sport utility vehicle (SUV) market has seen robust growth in recent years, solidifying SUVs as one of the most popular vehicle types across the continent. In 2022, SUVs accounted for over 45% of all new car registrations in this region, with over 6.5 million units sold, whereas electric SUVs accounted for roughly 12% of total SUV sales. Consequently, European SUV production has kept pace with this demand, especially in Germany and Spain, two of the region’s largest automotive manufacturing hubs.
The countries explored in this region include:
Germany secures a major market share with revenue of approximately $40.95 billion in 2023.
Germany’s SUV market is shifting towards electric vehicles, spurred by government incentives like the Umweltbonus. This program provides up to €9,000 for fully electric vehicles and €6,750 for plug-in hybrids under €40,000, with slightly reduced subsidies for higher-priced vehicles, helping to lower costs for prospective EV buyers.
To support the rise in electric vehicles, the country has invested €950 million in the Rapid Charging Fund, which aims to expand the nationwide network of rapid charging stations.
By improving the charging infrastructure, the government is making electric vehicle ownership more convenient, further promoting the shift to electric SUVs and strengthening the electric vehicle ecosystem.
Sport Utility Vehicle (SUV) Market Forecast for the United Kingdom
The UK’s SUV market has grown significantly, with SUVs making up around 40% of new car registrations in 2022. Government incentives are encouraging electric SUV adoption, including the Plug-in Car Grant, which offers up to £2,500 off eligible electric vehicle purchases. This aligns with the UK’s goal to reduce carbon emissions and promote sustainable transportation. Additional support for EV infrastructure includes the EV ChargePoint Grant for home chargers, the Workplace Charging Scheme for businesses, and the On-Street Residential ChargePoint Scheme for public access. Such factors contribute to the expansion of the reviewed market.
The sport utility vehicle (SUV) market is segmented based on drivetrain type, SUV size, seating capacity, price range, and fuel type. The drivetrain type segment comprises all-wheel drive, four-wheel drive, and two-wheel drive. All-Wheel Drive (AWD) vehicles combine solid on-road performance with light off-road capability. By continuously powering all four wheels and adjusting torque between the front and rear axles, AWD enhances traction and stability in varied driving conditions. An example is the Volvo XC60, equipped with an advanced AWD system that exemplifies these benefits.
Contender Analysis in the Sport Utility Vehicle (SUV) Market:
Audi AG, a subsidiary of Volkswagen AG, is a leading automobile manufacturer known for its strong presence in the premium and supercar segments. The company is focused on designing, developing, manufacturing, and globally marketing premium cars and motorcycles. Its production facilities, alongside those of its subsidiaries, span the Americas, Europe, the Middle East, and the Asia-Pacific region. Audi’s headquarters are located in Ingolstadt, Germany.
The new Audi Q5 SUV and Audi SQ5 SUV2 are set to launch in Germany and various other European countries in the first quarter of 2025. These models will be the first SUVs built on the Premium Platform Combustion (PPC), featuring efficient, partially electrified combustion engines.
Other contenders in the studied market are Ford Motor Company, Volkswagen AG, Toyota Motor Corporation, Mercedes-Benz Group AG, and AB Volvo.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the sport utility vehicle (SUV) market revenue growth in Europe and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Europe sport utility vehicle (SUV) market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. EUROPE SPORT UTILITY
VEHICLE (SUV) MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. PORTER’S FIVE FORCES
ANALYSIS
2.1.1. THREAT OF NEW ENTRANTS
2.1.2. THREAT OF SUBSTITUTES
2.1.3. BARGAINING POWER OF
BUYERS
2.1.4. BARGAINING POWER OF
SUPPLIERS
2.1.5. THREAT OF COMPETITIVE
RIVALRY
2.2. MARKET MATURITY ANALYSIS
2.3. SUPPLY CHAIN ANALYSIS
2.3.1. RAW MATERIALS
2.3.2. MANUFACTURERS
2.3.3. DISTRIBUTORS
2.3.4. END USER
2.4. REGULATORY FRAMEWORK
2.5. KEY BUYING IMPACT
ANALYSIS
2.5.1. COST
2.5.2. PRODUCT FEATURES
2.5.3. USABILITY
2.5.4. AVAILABILITY
2.6. KEY MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS DIVESTITURES
& EXPANSIONS
2.7. MARKET DRIVERS
2.7.1. INCREASING PREFERENCE FOR
SPACIOUS AND VERSATILE VEHICLES
2.7.2. IMPROVEMENTS IN SAFETY
FEATURES
2.7.3. GROWING INTEREST IN
ENHANCED OFF-ROAD CAPABILITIES
2.8. MARKET CHALLENGES
2.8.1. GREATER FUEL CONSUMPTION RELATIVE TO
SMALLER VEHICLES
2.8.2. DIFFICULTIES WITH URBAN PARKING
2.8.3. HIGHER INITIAL PURCHASE PRICE
2.9. MARKET OPPORTUNITIES
2.9.1. GROWTH OF ELECTRIC AND
HYBRID SUV OPTIONS
2.10. ANALYST PERSPECTIVE
3. EUROPE SPORT UTILITY
VEHICLE (SUV) MARKET – BY SUV SIZE
3.1. COMPACT SUV
3.2. SUBCOMPACT SUV
3.3. MID-SIZE SUV
3.4. FULL-SIZE SUV
4. EUROPE SPORT UTILITY
VEHICLE (SUV) MARKET – BY DRIVETRAIN TYPE
4.1. ALL-WHEEL DRIVE
4.2. FOUR-WHEEL DRIVE
4.3. TWO-WHEEL DRIVE
5. EUROPE SPORT UTILITY
VEHICLE (SUV) MARKET – BY PRICE RANGE
5.1. LUXURY
5.2. MID-RANGE
5.3. BUDGET
6. EUROPE SPORT UTILITY
VEHICLE (SUV) MARKET – BY SEATING CAPACITY
6.1. 5-SEATER
6.2. 7-SEATER
6.3. 8 SEATER & ABOVE
7. EUROPE SPORT UTILITY VEHICLE
(SUV) MARKET – BY FUEL TYPE
7.1. GASOLINE
7.2. DIESEL
7.3. HYBRID
7.4. ELECTRIC
8. EUROPE SPORT UTILITY
VEHICLE (SUV) MARKET – BY COUNTRY OUTLOOK
8.1. EUROPE
8.1.1. MARKET BY SUV SIZE
8.1.2. MARKET BY DRIVETRAIN
TYPE
8.1.3. MARKET BY PRICE RANGE
8.1.4. MARKET BY SEATING
CAPACITY
8.1.5. MARKET BY FUEL TYPE
8.1.6. COUNTRY ANALYSIS
8.1.6.1. UNITED KINGDOM
8.1.6.1.1. UNITED KINGDOM SPORT
UTILITY VEHICLE (SUV) MARKET FORECAST & PROSPECTS
8.1.6.2. GERMANY
8.1.6.2.1. GERMANY SPORT UTILITY
VEHICLE (SUV) MARKET FORECAST & PROSPECTS
8.1.6.3. FRANCE
8.1.6.3.1. FRANCE SPORT UTILITY
VEHICLE (SUV) MARKET FORECAST & PROSPECTS
8.1.6.4. SPAIN
8.1.6.4.1. SPAIN SPORT UTILITY
VEHICLE (SUV) MARKET FORECAST & PROSPECTS
8.1.6.5. ITALY
8.1.6.5.1. ITALY SPORT UTILITY
VEHICLE (SUV) MARKET FORECAST & PROSPECTS
8.1.6.6. POLAND
8.1.6.6.1. POLAND SPORT UTILITY
VEHICLE (SUV) MARKET FORECAST & PROSPECTS
8.1.6.7. REST OF EUROPE
8.1.6.7.1. REST OF EUROPE SPORT
UTILITY VEHICLE (SUV) MARKET FORECAST & PROSPECTS
9. COMPETITIVE LANDSCAPE
9.1. AUDI AG
9.1.1. OVERVIEW
9.1.2. PORTFOLIO
9.1.3. KEY STRENGTHS
9.1.4. KEY CHALLENGE
9.2. FORD MOTOR COMPANY
9.2.1. OVERVIEW
9.2.2. PORTFOLIO
9.2.3. KEY STRENGTHS
9.2.4. KEY CHALLENGE
9.3. TOYOTA MOTOR CORPORATION
9.3.1. OVERVIEW
9.3.2. PORTFOLIO
9.3.3. KEY STRENGTH
9.3.4. KEY CHALLENGE
9.4. MERCEDES-BENZ GROUP AG
9.4.1. OVERVIEW
9.4.2. PORTFOLIO
9.4.3. KEY STRENGTHS
9.4.4. KEY CHALLENGE
9.5. VOLKSWAGEN AG
9.5.1. OVERVIEW
9.5.2. PORTFOLIO
9.5.3. KEY STRENGTHS
9.5.4. KEY CHALLENGES
9.6. AB VOLVO
9.6.1. OVERVIEW
9.6.2. PORTFOLIO
9.6.3. KEY STRENGTHS
9.6.4. KEY CHALLENGE
9.7. TATA MOTORS LIMITED
9.7.1. OVERVIEW
9.7.2. PORTFOLIO
9.7.3. KEY STRENGTHS
9.7.4. KEY CHALLENGES
9.8. BMW AG
9.8.1. OVERVIEW
9.8.2. PORTFOLIO
9.8.3. KEY STRENGTHS
9.8.4. KEY CHALLENGES
9.9. JAGUAR LAND ROVER AUTOMOTIVE PLC
9.9.1. OVERVIEW
9.9.2. PORTFOLIO
9.9.3. KEY STRENGTHS
9.9.4. KEY CHALLENGES
9.10. TESLA INC
9.10.1. OVERVIEW
9.10.2. PORTFOLIO
9.10.3. KEY STRENGTHS
9.10.4. KEY CHALLENGE
10. RESEARCH METHODOLOGY
& SCOPE
10.1. RESEARCH SCOPE &
DELIVERABLES
10.2. SOURCES OF DATA
10.3. RESEARCH METHODOLOGY
TABLE 1: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY COUNTRY OUTLOOK,
2024-2032 (IN $ BILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS
TABLE 7: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY SUV SIZE,
2024-2032 (IN $ BILLION)
TABLE 8: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY DRIVETRAIN TYPE,
2024-2032 (IN $ BILLION)
TABLE 9: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY PRICE RANGE,
2024-2032 (IN $ BILLION)
TABLE 10: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY SEATING CAPACITY,
2024-2032 (IN $ BILLION)
TABLE 11: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY FUEL TYPE,
2024-2032 (IN $ BILLION)
TABLE 12: EUROPE SPORT UTILITY VEHICLE (SUV) MARKET, BY COUNTRY OUTLOOK,
2024-2032 (IN $ BILLION)
FIGURE 1: MARKET
MATURITY ANALYSIS
FIGURE 2: SUPPLY
CHAIN ANALYSIS
FIGURE 3: KEY BUYING
IMPACT ANALYSIS
FIGURE 4: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY SUV SIZE, 2023 & 2032 (IN %)
FIGURE 5: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY COMPACT SUV, 2024-2032 (IN $ BILLION)
FIGURE 6: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY SUBCOMPACT SUV, 2024-2032 (IN $ BILLION)
FIGURE 7: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY MID-SIZE SUV, 2024-2032 (IN $ BILLION)
FIGURE 8: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY FULL-SIZE SUV, 2024-2032 (IN $ BILLION)
FIGURE 9: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY DRIVETRAIN TYPE, 2023 & 2032 (IN %)
FIGURE 10: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY ALL-WHEEL DRIVE, 2024-2032 (IN $ BILLION)
FIGURE 11: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY FOUR-WHEEL DRIVE, 2024-2032 (IN $ BILLION)
FIGURE 12: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY TWO-WHEEL DRIVE, 2024-2032 (IN $ BILLION)
FIGURE 13: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY PRICE RANGE, 2023 & 2032 (IN %)
FIGURE 14: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY LUXURY, 2024-2032 (IN $ BILLION)
FIGURE 15: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY MID-RANGE, 2024-2032 (IN $ BILLION)
FIGURE 16: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY BUDGET, 2024-2032 (IN $ BILLION)
FIGURE 17: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY SEATING CAPACITY, 2023 & 2032 (IN %)
FIGURE 18: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY 5-SEATER, 2024-2032 (IN $ BILLION)
FIGURE 19: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY 7-SEATER, 2024-2032 (IN $ BILLION)
FIGURE 20: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY 8 SEATER & ABOVE, 2024-2032 (IN $ BILLION)
FIGURE 21: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY FUEL TYPE, 2023 & 2032 (IN %)
FIGURE 22: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY GASOLINE, 2024-2032 (IN $ BILLION)
FIGURE 23: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY DIESEL, 2024-2032 (IN $ BILLION)
FIGURE 24: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY HYBRID, 2024-2032 (IN $ BILLION)
FIGURE 25: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY ELECTRIC, 2024-2032 (IN $ BILLION)
FIGURE 26: EUROPE
SPORT UTILITY VEHICLE (SUV) MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 27: UNITED
KINGDOM SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)
FIGURE 28: GERMANY
SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)
FIGURE 29: FRANCE
SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)
FIGURE 30: SPAIN
SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)
FIGURE 31: ITALY
SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)
FIGURE 32: POLAND
SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)
FIGURE 33: REST OF
EUROPE SPORT UTILITY VEHICLE (SUV) MARKET 2024-2032 (IN $ BILLION)