Luxury Van Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Luxury vans are automobiles larger than SUVs and relatively smaller than buses or trucks. They are mostly used for passenger transport for business or leisure applications. Depending on the custommade or high-end designs, these vehicles can accommodate a group of 12 to 15 people. These are featured with additional comfort, safety, space, technology, and design in relation to conventional RVs. End users of these vehicles include the individuals and fleet owners, who utilize the vehicle for both, business and recreational activities such as camping and tourism. Download PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/648 Increasing consumer affordability and the requirement to ensure comfort and safety is expected to be the prominent industry growth driver According to the World Bank Group, global GDP per capita has increased from US$ 9509.366 in 2010 to US$ 10,150.788 in 2016, prominently driven by the major economies that include the U.S., China, India, and Korea among few major other economies. This has led to significant increase in the gross national income, living standards, affordability and the expenditure on luxury vehicles by consumers across these major economies. Moreover, integration of advanced functions that include security technologies, electronic stability control, anti-lock brakes, TV entertainment system, remote start, massaging and heated seats have led to increased end user inclinations. Better performance and handling in relation to their conventional counterparts, is expected to provide higher traction to the luxury van market throughout the forecast period. Luxury Van Market Taxonomy On the basis of end users, the global luxury van market is classified into: