"Market Intelligence for High-Geared Performance"
Luxury van is a vehicle that is generally smaller than a truck or bus but are larger than an SUV. These vans are equipped with various high end systems and devices such as entertainment system, LED light system, electronic stability control, television entertainment system, air conditioners, massaging and heated recliner seats and several other luxury features. They offer superior comfort, space, classic interior and exterior design, safety, and technology as compared to traditional vehicles. These vans can accommodate around 12 to 15 people including the driver. The luxury vans are mostly used as passenger transport, commercial vehicle or business vehicle. Globally the rising income level and improvement in standard of living has created a demand for luxury vans in the market. The individuals or the fleet owners are the end users who majorly utilize these vans for both recreational activities such as camping or tourism or for business purposes. Various industries such as tourism, transportation, entertainment or film, hotel, etc. are the chief users of luxury vans. The expansion and development in the industrial sector is expected to boost the luxury van market across the globe.
Key Market Driver -
Rise in the disposable income and development in the industrial sector are expected to drive the growth of the luxury van market in the forecast period.
Key Market Restraint -
High initial and maintenance cost may hinder the growth of the luxury van market during the forecast period.
Globally, the luxry vans market is segmented by product type, by application type, and by geographic coverage. The capacity type, is further segmented into 7 seater, 9 seater, and more than 9 seater luxury van. 7 seater segment holds the maximum share of the global luxury van market. Compact and small luxury vans are gaining high demand in the market. Also, owing to its compact size, it is much easier to drive through traffic roads and also requires less space for parking. The 7 seater van is widely used by tourism and hotel industries. Therefore the expansion and development in the industrial sector is ultimately propelling luxury van market. The application type is further bifurcated into individual, commercial use. The commercial segment has the largest hold on the global luxury van market. The fleet operators are the major holders of the luxury vans. Rental business is gaining high popularity in the global market owing to the rising trend of recreational activities, road trips, etc. Also, the various services such as round the clock pick up and drop service, well trained chauffeur that are provided by the rental owners is also propelling the luxury van market in the commercial sector.
Major players operating in the global luxury vans market include Ford Motor Company, Volkswagen, Honda Motor Co., Ltd, Daimler AG, Becker Automotive Design, General Motors, Hyundai Motor Company, and Nissan Motor Corporation among others.
Geographically, the luxury van market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the largest share of the global luxury van market and is expected to maintain its leading position during the forecast period. The dominance of this region in the market is owing to the presence of prominent manufacturers of luxury vans and also the rapid adoption of advanced technology by the automotive industry. Also, the continuous development in the technology field, growing popularity of recreational activities, and rise in the per capita income is leading to high demand for luxury vans in this region. Asia Pacific is also showing an exponential growth in the global luxury van market owing to the rapid development in the electronics and IT industry, adoption of advanced technology, growing manufacturing activities and also the increasing travel and tourism industry is contributing to the growth of the market. Moreover, the increasing urbanization, expansion in the industrial sector, developing infrastructures, improvement in the standard of living, and rise in the disposable income of people is propelling the growth of luxury van market in this region.
To gain extensive insights into the market, Request for Customization
By Capacity Type
By Application Type
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry