As the environmental concerns of local consumers deepen, interest in electric vehicles is expected to surge over the forecast period. The Taiwanese government exempts owners of electric cars from having to pay fuel tax, in order to promote the use of electric vehicles, as part of its efforts to reduce air pollution.
With the growth of car-sharing companies like iRent (Hotai Motor) or Zipcar (Avis Budget Group) in Taiwan, as well as the younger consumer segments showing some of the slowest growth in car ownership among all age groups over the review period, this represents something of a barrier to growth for carmakers. Premium and luxury car producers will therefore need to focus on innovation and personalisation services, catering to young consumers’ preferences in order to differentiate their offer from that of car-sharing companies.
Aston Martin and Bentley both saw significant growth in retail value share during the latter part of the review period, and this trend is expected to continue into the forecast period. These high-end brands are particularly sought after by the most affluent local consumers.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the 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 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 Luxury Cars research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!