Luxury Car Market Share

Market Share of Luxury Car Industry

The luxury car market is consolidated with a small number of players. Mercedes-Benz, BMW, Volkswagen Group, and Tesla hold the major share of the market studied.

The key players are engaged in continuous product launches and R&D investments, highly driven by advanced technology, more comfort, growing investment in EV technology, and improved living standards worldwide. For instance:

• In April 2023, JLR announced its plans to accelerate its transition to become the world’s leading modern luxury car manufacturer through its Halewood plant in the United Kingdom. The plant will become an all-electric production facility.
• In September 2023, Lotus unveiled Emeya, the company’s first four-door hyper-GT, in New York City.

Luxury Car Market Leaders

1. Jaguar Land Rover Automotive PLC

2. Volkswagen Group

3. Tesla Inc.

4. Mercedes-Benz Group AG

5. BMW AG

*Disclaimer: Major Players sorted in no particular order