Rising disposable income has led to increased demand for luxury cars over the past decade. As countries emerge from the pandemic-driven recession, the demand for luxury cars should rebound quickly. The global luxury cars market is projected to reach $655 billion by the end of 2027, exhibiting a 9.3% CAGR.
Large-scale luxury car manufacturers’ heavy investments in enhancing comfort and quality should drive the industry’s growth. Both RACE and POAHY are major players in the industry with significant market share.
