Luxury Car Market Hit $672.4B in 2022
February 20, 2026·13 days ago·via openPR.com
The global luxury car market reaches US$672.4 billion in 2022 and projects growth to US$1,032 billion by 2030 at a 5.5% CAGR, with Asia Pacific leading at 42.75% share. Rising demand for premium vehicles fuels expansion, driven by affluent spending, urbanization in China and India, and electric vehicle advancements. Luxury SUVs dominate with over 55% share and a 7.84% CAGR through 2031, while tech like ADAS and autonomous features enhances appeal.
