PROSPECTS AND OPPORTUNITIES
Car showrooms focus on exclusive, high-quality consumer service to drive sales
Retail sales of premium and luxury cars in Taiwan are projected to grow at a current value CAGR of 4% (or 3% in constant value terms) over the forecast period. This growth is largely driven by Taiwan's high-net-worth individuals (HNWIs) and ultra-HNWIs, who are less affected by economic downturns.
Electric vehicles continue to launch, supported by government initiatives
Sustainability has become a central focus in the automotive industry, with growing consumer demand for electric and hybrid vehicles. Manufacturers are increasingly integrating sustainability into their strategies and new product launches.
Personalisation and customisation add value to the premium and luxury car landscape
Across the forecast period, luxury and premium cars will continue to attract consumers by offering personalised and limited edition features, creating a one-of-kind, unique product. Customisation allows consumers to own unique and exclusive vehicles.
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Overview:
Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Premium and Luxury Cars in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Premium and Luxury Cars in Taiwan?
- Which are the leading brands in Premium and Luxury Cars in Taiwan?
- How are products distributed in Premium and Luxury Cars in Taiwan?
- How important is tourism in evaluating demand for Premium and Luxury Cars in Taiwan?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Premium and Luxury Cars in Taiwan - Category analysis
KEY DATA FINDINGS
Sales benefit from growing levels of high-net-worth individuals in Taiwan
Toyota Motor Corp takes the lead of the premium and luxury car landscape
New launches from premium players drive growth on the luxury car landscape
Car showrooms focus on exclusive, high-quality consumer service to drive sales
Electric vehicles continue to launch, supported by government initiatives
Personalisation and customisation add value to the premium and luxury car landscape
Luxury Goods in Taiwan - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
Premium and Luxury Cars
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Premium and Luxury Cars research and analysis database.
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