{"id":832279,"date":"2026-08-26T18:12:03","date_gmt":"2026-08-26T18:12:03","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=832279"},"modified":"2026-08-26T18:12:03","modified_gmt":"2026-08-26T18:12:03","slug":"suv-market-size-to-reach-usd-129-trillion-by-2031-driven-by-rising-consumer-preference-and-expanding-suv-adoption-mordor-intelligence","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/suv-market-size-to-reach-usd-129-trillion-by-2031-driven-by-rising-consumer-preference-and-expanding-suv-adoption-mordor-intelligence_832279.html","title":{"rendered":"SUV Market Size to Reach USD 1.29 Trillion by 2031, Driven by Rising Consumer Preference and Expanding SUV Adoption &#8211; Mordor Intelligence"},"content":{"rendered":"<div style=\"float:right; width:250px; padding:8px 10px 10px 10px;\">\n<div><a href=\"https:\/\/www.abnewswire.com\/upload\/2026\/08\/1787557998.jpg\" style=\"border:none !important;\" target=\"_blank\" rel=\"nofollow\" ><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-29\" title=\"SUV Market Size to Reach USD 1.29 Trillion by 2031, Driven by Rising Consumer Preference and Expanding SUV Adoption - Mordor Intelligence \" src=\"https:\/\/www.abnewswire.com\/upload\/2026\/08\/1787557998.jpg\" alt=\"SUV Market Size to Reach USD 1.29 Trillion by 2031, Driven by Rising Consumer Preference and Expanding SUV Adoption - Mordor Intelligence \" width=\"225\" height=\"126\" style=\"padding:0px 0px 10px 10px; border:0 solid !important;\" \/><\/a><\/div>\n<div class=\"quotes\">\n<div>SUV Market<\/div>\n<\/div>\n<\/div>\n<div style=\"font-style:italic; padding:8px 0px;\">Mordor Intelligence has published a new report on the SUV Market, offering a comprehensive analysis of trends, growth drivers, and future projections.<\/div>\n<p style=\"text-align: justify;\"><strong>Hyderabad, August 26, 2026:<\/strong> According to Mordor Intelligence, the SUV market size is expected to grow from USD 0.95 trillion in 2026 to USD 1.29 trillion by 2031, registering a CAGR of 6.65% during the forecast period. The <a rel=\"nofollow\" class=\"Hyperlink SCXW64816509 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/suv-market?utm_source=abnewswire\" rel=\"noreferrer noopener\" target=\"_blank\">SUV industry<\/a> continues to expand as consumers increasingly prefer vehicles that combine passenger capacity, road presence, driving comfort, and versatile utility. SUVs are gaining popularity across both developed and emerging markets, supported by expanding model availability across compact, mid-size, and full-size categories. Automakers are also broadening their SUV portfolios to address changing consumer preferences and growing demand for electrified mobility. The introduction of hybrid and battery-electric SUVs is creating additional opportunities for manufacturers while supporting the industry&#8217;s transition toward more fuel-efficient and lower-emission vehicles.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Key Trends Shaping the SUV Market<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Rising Consumer Preference Supporting SUV Market Growth <\/strong><\/p>\n<p style=\"text-align: justify;\">One of the key SUV market trends is the continued shift in consumer preference toward sport utility vehicles. SUVs offer a combination of passenger space, cargo capacity, elevated driving position, and versatility, making them attractive to a broad range of consumers.<\/p>\n<p style=\"text-align: justify;\"><strong>Electrification Driving SUV Market Size Expansion<\/strong><\/p>\n<p style=\"text-align: justify;\">The growing adoption of electric and hybrid powertrains is reshaping the SUV market size. Automakers are introducing electrified SUV models across different price segments to meet consumer demand for improved fuel efficiency and lower emissions.<\/p>\n<p style=\"text-align: justify;\"><strong>Compact SUVs Accelerating SUV Market Adoption<\/strong><\/p>\n<p style=\"text-align: justify;\">Compact SUVs are gaining traction because they combine the practicality of larger SUVs with easier maneuverability and relatively lower operating costs. Their suitability for urban environments is supporting demand in several major automotive markets.<\/p>\n<p style=\"text-align: justify;\"><strong>Advanced Technologies Supporting SUV Industry Expansion <\/strong><\/p>\n<p style=\"text-align: justify;\">Automakers are increasingly integrating advanced driver assistance systems, connected technologies, digital cockpits, and enhanced safety features into SUV models. These technologies are improving the overall driving experience and helping manufacturers differentiate their products in a competitive market.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>SUV Market Segmentation Analysis<\/strong><\/p>\n<p style=\"text-align: justify;\">By Body Type<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Compact SUV<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Mid-size SUV<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Full-size SUV<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">By Fuel Type<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Gasoline<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Diesel<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Electric<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Hybrid<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">By Drive Type<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Front-Wheel Drive<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Rear-Wheel Drive<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>All-Wheel Drive<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">By Geography<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>North America<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>South America<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Europe<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Asia-Pacific<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Middle East and Africa<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>SUV Market Key Players and Competitive Landscape <\/strong><\/p>\n<p style=\"text-align: justify;\">The SUV market features major global automotive manufacturers competing through product launches, electrification strategies, technology integration, and expansion into emerging markets. Companies are increasingly developing SUV models across multiple size and powertrain categories to meet changing consumer requirements.<\/p>\n<p style=\"text-align: justify;\">Key players include:<\/p>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Toyota Motor Corporation<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Volkswagen AG<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>General Motors Company<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Ford Motor Company<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Hyundai Motor Company<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Stellantis N.V.<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>BMW AG<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Mercedes-Benz Group AG<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Honda Motor Co., Ltd.<\/p>\n<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>\n<p>Nissan Motor Co., Ltd.<\/p>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Conclusion <\/strong><\/p>\n<p style=\"text-align: justify;\">The SUV market forecast indicates steady growth through 2031, supported by increasing consumer preference for versatile vehicles, expanding model availability, and the growing adoption of electric and hybrid SUVs.<\/p>\n<p style=\"text-align: justify;\">However, manufacturers continue to face challenges related to vehicle affordability, emissions regulations, fluctuating raw-material costs, and increasing competition in the electrified vehicle segment. Addressing these factors will be important for sustaining long-term market growth.<\/p>\n<p style=\"text-align: justify;\">Overall, the <a rel=\"nofollow\" class=\"Hyperlink SCXW64816509 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/suv-market?utm_source=abnewswire\" rel=\"noreferrer noopener\" target=\"_blank\">SUV market<\/a> is positioned for continued expansion as automakers invest in new models, advanced technologies, and electrified powertrains. The combination of utility, comfort, technology, and evolving powertrain options is expected to maintain strong consumer interest in SUVs throughout the forecast period.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>Industry Related Reports<\/strong><\/p>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" class=\"Hyperlink SCXW64816509 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/global-automotive-market?utm_source=abnewswire\" rel=\"noreferrer noopener\" target=\"_blank\">Automotive Market:<\/a> The Global Automotive Market is projected to grow from USD 2.75 trillion in 2025 to USD 3.26 trillion by 2030, registering a CAGR of 3.46% during the forecast period. The market&rsquo;s growth is driven by increasing vehicle production and sales, rising demand for passenger and commercial vehicles, ongoing automotive technology advancements, and growing investments in electric, connected, and advanced vehicle technologies.<\/p>\n<p style=\"text-align: justify;\"><strong>Electric SUV Market:<\/strong> The Electric SUV Market is projected to grow from USD 361.35 billion in 2025 to USD 596.81 billion by 2030, registering a CAGR of 10.56% during the forecast period. The market&rsquo;s growth is driven by increasing consumer preference for electric mobility, rising demand for SUVs, government incentives supporting electric vehicle adoption, advancements in battery technology, and growing investments in electric vehicle charging infrastructure.<\/p>\n<p style=\"text-align: justify;\"><strong>Get More insights:<\/strong> <a rel=\"nofollow\" class=\"Hyperlink SCXW64816509 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/electric-suv-market?utm_source=abnewswire\" rel=\"noreferrer noopener\" target=\"_blank\">https:\/\/www.mordorintelligence.com\/industry-reports\/electric-suv-market?utm_source=abnewswire<\/a><\/p>\n<p style=\"text-align: justify;\"><a rel=\"nofollow\" class=\"Hyperlink SCXW64816509 BCX8\" href=\"https:\/\/www.mordorintelligence.com\/industry-reports\/luxury-suv-market?utm_source=abnewswire\" rel=\"noreferrer noopener\" target=\"_blank\">Luxury SUV Market:<\/a> The Luxury SUV Market is projected to grow from USD 252.56 billion in 2026 to USD 330.48 billion by 2031, registering a CAGR of 5.52% during the forecast period. The market&rsquo;s growth is driven by rising disposable incomes, increasing consumer preference for premium and luxury SUVs, growing demand for advanced safety and connectivity features, and the expanding availability of luxury SUV models across emerging and developed markets.<\/p>\n<p style=\"text-align: justify;\">&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>About Mordor Intelligence <\/strong><\/p>\n<p style=\"text-align: justify;\">Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.<\/p>\n<p style=\"text-align: justify;\">With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace &amp; defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals &amp; materials, consumer goods &amp; services, electronics, energy &amp; power, financial services, food &amp; beverages, healthcare, hospitality &amp; tourism, information &amp; communications technology, investment opportunities, and logistics.<\/p>\n<p style=\"text-align: justify;\">For any inquiries or to access the full report, please contact:<\/p>\n<p style=\"text-align: justify;\">media@mordorintelligence.com<\/p>\n<p style=\"text-align: justify;\">https:\/\/www.mordorintelligence.com\/<\/p>\n<p><span style='font-size:18px !important;'>Media Contact<\/span><br \/><strong>Company Name:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/companyname\/mordorintelligence.com_78198.html\" rel=\"nofollow\">Mordor Intelligence Private Limited<\/a><br \/><strong>Contact Person:<\/strong> Jignesh Thakkar<br \/><strong>Email:<\/strong> <a href=\"https:\/\/www.abnewswire.com\/email_contact_us.php?pr=suv-market-size-to-reach-usd-129-trillion-by-2031-driven-by-rising-consumer-preference-and-expanding-suv-adoption-mordor-intelligence\" rel=\"nofollow\">Send Email<\/a><br \/><strong>Phone:<\/strong> +1 617-765-2493<br \/><strong>Address:<\/strong>11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli  <br \/><strong>City:<\/strong> Hyderabad<br \/><strong>State:<\/strong> Telangana 500008<br \/><strong>Country:<\/strong> India<br \/><strong>Website:<\/strong> <a href=\"https:\/\/www.mordorintelligence.com\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.mordorintelligence.com\/<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.abnewswire.com\/press_stat.php?pr=suv-market-size-to-reach-usd-129-trillion-by-2031-driven-by-rising-consumer-preference-and-expanding-suv-adoption-mordor-intelligence\" alt=\"\" width=\"1px\" height=\"1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUV Market Mordor Intelligence has published a new report on the SUV Market, offering a comprehensive analysis of trends, growth drivers, and future projections. Hyderabad, August 26, 2026: According to Mordor Intelligence, the SUV market size is expected to grow &hellip; <a href=\"https:\/\/www.abnewswire.com\/pressreleases\/suv-market-size-to-reach-usd-129-trillion-by-2031-driven-by-rising-consumer-preference-and-expanding-suv-adoption-mordor-intelligence_832279.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[407],"tags":[],"class_list":["post-832279","post","type-post","status-publish","format-standard","hentry","category-Automotive"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/832279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=832279"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/832279\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=832279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=832279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=832279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}