Saloon Car Market
Saloon Car Market Global Industry Assessment & Forecast
Segments Covered
- By Type Electric, Non-Electric, Hybrid
- By Application Notchback Saloon, Hatchback/Liftback Saloon, Fastback Saloon, Hardtop Saloon, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 3480 Million |
Revenue 2028: | 4560 million |
Revenue CAGR (2021 - 2028): | 3 |
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.
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)
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
What is the global demand for Saloon Car in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
The prominent players in the market are BUICK, KIA, Toyota, Hyundai, Volkswagen, NISSAN, Ford, Great Wall, Honda, Chevrolet..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Saloon Car in 2020.