LUXURY VAN MARKET ANALYSIS

Leading Companies

Industry presence was largely characterized by the consolidated share of few major industry players, contributing to over 50% of the luxury van market share. Chief industry participants include General Motors Company (GM), Daimler, Volkswagen Group, Nissan Motor Company, Ford Motor, Becker Automotive Design, Hyundai Motor, Honda Motor, Thor Industries, Renault, and Toyota Motor. Requirement to establish a strong foothold and cater to the evolving demands of customers, has led to increasing focus of players on M&A and portfolio expansion. For instance, Chevrolet Chrysler's Pacifica, Express Passenger, and Volkswagen's Caravelle generation 6 are among the next generation models introduced in 2017. Similarly, other major OEMs that include Nissan and Mercedes-Benz are planning to introduce advanced models of their pre-existing product offerings.