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.
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.
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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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.
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 definitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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