A new study by Boston Consulting Group (BCG) shows that the U.S. luxury automobile market is on track for significant growth, with the total value expected to reach $215 billion by 2035. The study highlights growing opportunities for investors, automakers and luxury lifestyle brands as demand increases across the high-end vehicle spectrum.
The market is currently worth around $110 billion and is expected to grow at a compound annual growth rate (CAGR) of 5-7%, driven by innovation, personalization and consumers’ desire for exclusivity. The report divides the market into three tiers:
· Luxury ($100,000-$170,000) – The largest and fastest-growing segment, valued at $80 billion today and growing at a CAGR of 6-8%, is expected to reach $140-165 billion.
· Ultra-luxury ($170,000 to $500,000) – Estimated at $25 billion, averaging 3-5% annual growth and expected to reach $35-40 billion.
· Hyper-Luxury (>$500,000) – A niche category valued at $5 billion and expected to reach $6 billion to $7 billion.
These figures include new and aftermarket vehicle sales over $100,000, supported by S&P Global forecasts, Daily Sparkz Group data and BCG’s proprietary analysis.
The full report, including consumer insights, brand performance metrics and emerging trends, will be released later this year. It will provide actionable information for automakers, dealers, event organizers and luxury lifestyle brands looking to engage with this rapidly growing market of discerning buyers.
Images: Supercar Owners Circle
