Saloon Car Market

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.

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. 

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.

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.

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. 

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. 

• 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

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.