Luxury SUV Market Analysis and Forecasts to 2021
The analysts forecast global luxury SUV market to grow at a CAGR of 25.08% during the period 2017-2021. The latest trend gaining momentum in the market is Rising number of electric luxury SUV models launched. Electric vehicles are predominantly sedans and hatchbacks. SUVs and crossover type SUVs are at a disadvantage because these are bulky and require a significant amount of power to operate. A high-power consumption also limits the effective driving range of these vehicles.
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