Europe & CIS SUV Market to Grow with a CAGR of 6.52% through 2030
Rising consumer preference for high ground clearance and spacious
interiors, increasing demand for off-road capable family vehicles, and growing
availability of feature-rich mid-size SUV models are the factors driving the
market in the forecast period 2026–2030.
According to TechSci Research report, “Europe & CIS SUV
Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Europe & CIS SUV Market was valued at USD 229.64 Billion in 2024 and is
expected to reach USD 335.45 Billion by 2030 with a CAGR of 6.52% during the
forecast period.
The Europe & CIS SUV market is witnessing strong structural momentum
driven by evolving mobility needs, increasing multi-functional vehicle usage,
and strategic shifts in fleet and leasing preferences. The segment’s growth is
being influenced not just by retail consumers but also by rising institutional
demand, where businesses and governments are replacing sedans and MPVs with
compact and mid-size SUVs due to better adaptability, higher residual value,
and fuel-efficiency improvements. In 2024, favorable tax frameworks and
depreciation benefits for fleet SUVs significantly boosted corporate
registrations, particularly for heavier SUV classes. This trend is particularly
pronounced in markets where policy gaps indirectly incentivize
combustion-engine SUV purchases in the corporate segment.
The SUV market is also being reshaped by consumer preferences for
modularity and adaptability in everyday vehicles. The appeal of customizable
seating layouts, larger cargo space, and compatibility with both urban and
off-road driving conditions has helped position SUVs as practical alternatives
to MPVs and sedans. Enhanced safety features, higher ground clearance, and AWD
options are attracting families, young professionals, and outdoor-focused
consumers alike. Technological upgrades in driver assistance, parking
automation, and smartphone connectivity are now standard even in entry-level
models, increasing appeal without compromising affordability.
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in-depth TOC on "Europe & CIS SUV Market"
Europe
& CIS SUV Market Is Segmented by Propulsion, Vehicle Type, and Country.
In 2024, electric SUVs led
the propulsion segment growth across the Europe & CIS SUV market, driven by
rising consumer alignment with sustainability goals and growing confidence in
EV technology. The demand surge stemmed from a combination of larger battery
ranges, increased availability of charging infrastructure, and a wider variety
of electric SUV models catering to both urban and intercity travel needs.
Automakers responded with diverse offerings across price bands, making electric
SUVs accessible beyond just premium buyers. The appeal of spacious interiors,
high seating positions, and lower running costs, when paired with
emissions-free driving, made these vehicles an attractive alternative to
traditional internal combustion models. Consumer perception shifted as electric
SUVs demonstrated that efficiency could coexist with performance and
versatility, fostering widespread adoption across family and lifestyle
segments. As governments tightened emissions norms and introduced long-term
electrification targets, the electric SUV class became the focal point of
next-generation automotive strategies.
Within this evolving
landscape, the United Kingdom stood out as the most dynamic electric SUV market
in the region. Strategic policy support and robust consumer incentives
encouraged faster adoption of battery-electric SUVs, especially in the mid-size
and crossover categories. Urban consumers in particular favored these models
for their blend of eco-credentials, smooth driving experience, and suitability
for digital lifestyles. Rapid rollout of fast-charging networks across major
highways and cities bolstered confidence in long-distance usability, while
integration with digital vehicle management platforms enhanced user engagement.
The UK's proactive stance on zero-emission mobility, backed by strong public
and private investment, positioned it as a pace-setter in electric SUV adoption
in 2024.
Major Market
Players Operating in Europe & CIS SUV Market Are:
Ford
Motor Company
General
Motors
AUDI AG
Kia
Motors Corporation
Groupe
Renault
Groupe
PSA
SAIC
Motor Corporation Limited
Daimler
AG
BMW AG
Mahindra
& Mahindra Limited
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“As SUV preferences continue to
evolve in the Europe & CIS region, we’re seeing a clear shift not just in
size or design, but in how consumers connect with these vehicles. People are no
longer just looking for rugged performance they want fuel-efficient
drivetrains, city-friendly agility, and digital comfort packed into one
platform. Whether it’s the growing traction of electric SUVs or the rising
popularity of compact formats, the market is responding to lifestyle upgrades
more than anything else. It’s this blend of functionality and aspiration that’s
really pushing the SUV segment forward across all user categories.”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Europe & CIS SUV Market –
Size, Share, Trends, Opportunity, and Forecast, Segmented By Propulsion (ICE,
Electric), By Vehicle Type (Compact, Mid-Size, Full Size), By Country, By
Competition, 2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Europe & CIS SUV Market.
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