Megatrends
The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn MoreThe most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn MoreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn MoreThe stratospheric success of SUVs and emerging trends such as connected, autonomous, shared and electric vehicles are redefining the automotive industry as we know it. SUV sales increased by 12% between 2016 and 2017 and remain the fastest growing segment globally as automakers drop sedan and MPV models in favour of crossovers. Despite the risks of a Trump-initiated trade war and highly saturated auto lending markets, Euromonitor predicts that SUVs will continue growing at an average rate of 6.8% between 2017 and 2022.
From a top-line sales perspective, many emerging markets such as India maintained strong growth of approximately 10% between 2016 and 2017. China was an outlier and grew by a comparably anaemic 2.5% over the same period and its market nears a saturation point.
Over the next 15 years, Euromonitor predicts that emerging technologies such as connected and autonomous vehicles will have an outsized influence on the automotive industry as software-based features become key differentiators.