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  4. > Analyzing the Potential of the Luxury Vehicle Market in India

What is the Hidden Potential of the Market?

Together, India, China, and Russia have produced a significant number of millionaires over the past 10 years. However, China and Russia's luxury car consumption is much higher than India's. This research service looks to uncover the hidden dynamics of the luxury vehicle market in India. It also seeks to analyze and determine market potential. The study aims to provide insights on key trends that will influence future market potential.

Executive Summary—Key Findings

Increased wealth accumulation in India’s metro cities will be key to the growth of the luxury vehicle market

1 - As a result of the phenomenal growth posted by the sport utility vehicle (SUV) segment, the luxury vehicle market witnessed a compound annual growth rate (CAGR) of % from 2009 to 2013, which is higher than the CAGR registered by the overall industry.
2 - Engines that are sized between and cc are not preferred; smaller engines that are sized upto cc are gaining popularity.
3 - Delhi NCR* and Maharashtra constitute % of the total dealerships of luxury car makers such as Mercedes, BMW, Audi, JLR, and Volvo.
4 - The high net worth individual (HNWI) population is likely to increase 6.5 times by 2020. The real estate sector is anticipated to play a major role in this growth.
While more than % of these millionaires reside in key Indian metros, a little over % are located in other smaller cities.
5 - Traditionally, the demand for luxury vehicles has come from the north, west, and south zones of the country. However, the rapidly developing eastern states, such as Bihar and Orissa, are also expected to contribute to future market expansion.
6 - The Indian luxury hotels industry also contributes to luxury vehicle volumes. It is expected to grow rapidly between 2012 and 2020.

Aim

The aim of this study is to analyze and determine the potential of the luxury vehicle market in India.

Objectives

-To identify the key trends and changes being witnessed in the market
-To provide an understanding of the key drivers and restraints that will impact market potential
-To offer market forecasts and to understand actual market potential
-To identify key regions that will be crucial for growth and help the market achieve its actual potential

Table Of Contents

Analyzing the Potential of the Luxury Vehicle Market in India
1. EXECUTIVE SUMMARY

Executive Summary
Executive Summary—Key Findings
Executive Summary—Market Engineering Measurements
Executive Summary—Key Conclusions and Future Outlook

2. RESEARCH SCOPE, OBJECTIVES, BACKGROUND, AND METHODOLOGY

Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aim and Objectives
Key Questions this Study Will Answer
Research Background
Research Methodology

3. DEFINITIONS AND SEGMENTATION

Definitions and Segmentation
Product Definitions
Vehicle Segmentation

4. MEGA TRENDS AND INDUSTRY CONVERGENCE IMPLICATIONS

Mega Trends and Industry Convergence Implications
Impact of Top 2 Mega Trends on the Luxury Vehicle Market

5. EXTERNAL CHALLENGES: DRIVERS AND RESTRAINTS—LUXURY VEHICLE MARKET

External Challenges: Drivers and Restraints—Luxury Vehicle Market
Market Potential Drivers and Restraints for Luxury Vehicles
Market Drivers
Expanding HNWI Population Base
Growth in Real Estate
Increasing Localization Levels in Luxury Vehicles
Rising Demand from Tier 2 and 3 Cities
Development in the Eastern Parts of India
Impact of Growth in Eastern Zone on Luxury Vehicle Volumes
Demand from Luxury Hotels
Expansion Plans in the Luxury Hotel Industry
Market Restraints
Duty Structure for Luxury Vehicles
Low Dealership Penetration in Small Cities

6. FORECAST AND TRENDS—LUXURY VEHICLE MARKET

Forecast and Trends—Luxury Vehicle Market
Market Engineering Measurements
Forecast Scenario Assumptions to 2020
Volume Forecast for the Luxury Vehicle Market
Volume Forecast by Type of Consumption
Determining the Potential of Luxury Vehicles in India
Forecast Potential till 2020
Small Cities to Fuel Future Demand

7. MARKET SHARE AND COMPETITIVE ANALYSIS—LUXURY VEHICLE MARKET

Market Share and Competitive Analysis—Luxury Vehicle Market
Key Participants and their Footprint in India
Dealership Footprint of Luxury Vehicle Manufacturers in India
Evolution of the Luxury Vehicle Market
Growth of the Luxury SUV Sub-segment
Small SUVs will Drive the Growth of the SUV Segment
Market Share of OEMs
Market Share of OEMs by Segment
Unit Shipment by Engine Size
Engine Size and Price-based Segmentation

8. SEGMENT BREAKDOWN

Segment Breakdown
Luxury Vehicles: Executive Segment
Luxury Vehicles: Premium Segment
Luxury Vehicles: Luxury Segment
Luxury Vehicles: UV 4 Segment
Luxury Vehicles: UV 5 Segment
Volume Forecast by Luxury Vehicle Segments

9. CONCLUSIONS AND FUTURE OUTLOOK

Conclusions and Future Outlook
Key Conclusions: Current Market Overview
Key Conclusions: Potential Drivers
Key Conclusions: Potential Restraints
Leasing a Luxury Vehicle: A Future Solution
The Last Word—Three Big Predictions
Legal Disclaimer

10. APPENDIX

Appendix
Learn More—Next Steps
Market Engineering Methodology

11. THE FROST and SULLIVAN STORY

The Frost and Sullivan Story
Value Proposition: Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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ref:plp2014

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