Slow growth is expected over the forecast period for premium and luxury cars. This is attributed to rising prices due to inflation, supply chain issues, and a general uncertainty about incomes and mobility.
Electric premium and luxury cars will likely continue to drive sales over the forecast period. Swedes are generally very environmentally aware and therefore owning an environmentally-friendly car is considered trendy.
The highest end segment of the luxury cars market is expected to grow. This segment will likely continue to perform well as it is less affected by macroeconomic factors since the target audience are among Sweden’s richest consumers.
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Understand the latest market trends and future growth opportunities for the Luxury Cars industry in Sweden with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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 TeslaSee All of Our Definitions
This report originates from Passport, our Luxury Cars research and analysis database.
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