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Saloon Car Market

Saloon Car Market

Saloon Car Market Global Industry Assessment & Forecast

# Pages:

155

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0246

Segments Covered
  • By Type Electric, Non-Electric, Hybrid
  • By Application Notchback Saloon, Hatchback/Liftback Saloon, Fastback Saloon, Hardtop Saloon, Others
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 3480 Million
Revenue 2028Revenue 2028: 4560 million
Revenue CAGRRevenue CAGR (2022 - 2028): 3
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Saloon Car market was valued at USD 3480 Million in 2020 and is projected to reach USD 4560 million by 2028, growing at a CAGR of 3% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 4560 million
Annual Market Size (2021)
CAGR (2021 - 2028) 3%

Definition and Overview

A sedan or saloon is a passenger car in a three-box configuration with separate compartments for engine, passenger, and cargo.


The global Saloon Car market is segmented based on by Type, Application, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Saloon Car  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 3480 Million 4560 million

Global Saloon Car Market: COVID-19 Impact Analysis

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Market Insights

A saloon car offers a huge amount of relaxation and comfort for passengers. The interior tends to be quieter than other types of cars thanks to the separation of the boot from the cabin helping to keep road noise out, while occupants often have more space to stretch out because the long design allows the front and rear seats to be spaced further apart. These are some of the factors driving the saloon car market.

Growing urbanization and expansion in the industrial sector Improvement in standard of living may fuel the market growth.

Saloon cars are generally less practical than hatchbacks because the boot opening is usually small: the boot lid opens upwards but the rear window stays in place. Some saloons have fixed rear seats, so there's no option to expand the space in the boot. Saloon cars are costlier than hatchbacks. The increased popularity of taller crossover and SUV cars mean that saloon sales are falling, but certain models are still in-demand. These are some of the factors restraining the market growth.

Global Saloon Car Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Type, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered BUICK, KIA, Toyota, Hyundai, Volkswagen, NISSAN, Ford, Great Wall, Honda, Chevrolet.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Type  Analysis: Preview

On the basis of Type, the market is segmented into Electric, Non-Electric, Hybrid. Non-electric  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Non-electric in emerging economies in Asia Pacific region.

Application Analysis: Preview

Based on Application, the market is segmented into Notchback Saloon, Hatchback/Liftback Saloon, Fastback Saloon, Hardtop Saloon, Others. Notchback Saloon accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Saloon Car Market: Type Segment Analysis

    • Electric
    • Non-Electric
    • Hybrid

Global Saloon Car Market: Application Segment Analysis

    • Notchback Saloon
    • Hatchback/Liftback Saloon
    • Fastback Saloon
    • Hardtop Saloon
    • Others

Regional Analysis Preview

On the basis of region, the global Saloon Car market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held the largest share of the global Saloon Car market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Saloon Car Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Saloon Car market are BUICK, KIA, Toyota, Hyundai, Volkswagen, NISSAN, Ford, Great Wall, Honda, Chevrolet.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

FAQ
Frequently Asked Question
  • The global Saloon Car valued at 3480 Million in 2020 and is expected to reach 4560 million in 2028 growing at a CAGR of 3%.

  • The prominent players in the market are BUICK, KIA, Toyota, Hyundai, Volkswagen, NISSAN, Ford, Great Wall, Honda, Chevrolet..

  • The market is project to grow at a CAGR of 3% between 2021 and 2028.

  • The driving factors of the Saloon Car include

    • A saloon car offers a huge amount of relaxation and comfort for passengers. The interior tends to be quieter than other types of cars thanks to the separation of the boot from the cabin helping to keep road noise out, while occupants often have more space to stretch out because the long design allows the front and rear seats to be spaced further apart. These are some of the factors driving the saloon car market.
    • Growing urbanization and expansion in the industrial sector Improvement in standard of living may fuel the market growth.

  • North America was the leading regional segment of the Saloon Car in 2020.