Connected Car
DUBLIN--(BUSINESS WIRE)--The "Luxury Car Market Size, Share & Trends Analysis Report By Vehicle Type, By Propulsion Type (Internal Combustion Engine, Electric), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering. The global luxury car market size is anticipated to reach USD 1,046.87 billion by 2030, registering a CAGR of 6.9% from 2023 to 2030. The demand for luxury cars by dealers and consumers declined significantly due to the lockdown measures imposed across the world. According to the International Energy Agency (IEA), worldwide spending on electric vehicles by the consumers and governments experienced a significant rise during 2021 as the spending doubled as compared to 2020, reaching approximately USD 250.0 billion. Luxury Car Market Report HighlightsBased on vehicle type, the sports utility segment accounted for the maximum revenue share of 57.6% in 2022.