Global SUV Market Is Estimated To Witness High Growth Owing To Rising Adoption of SUVs by Consumers and Increasing Demand for Luxury SUVs
The SUV market is estimated to be valued at US$ 39.99 billion in 2022 and is expected to exhibit a CAGR of 15.30% over the forecast period of 2023-2030. The increasing adoption of SUVs by consumers is one of the key drivers driving the growth of the market. SUVs offer versatility and spaciousness, making them popular among families and individuals who prefer a comfortable and enjoyable driving...
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