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Sep 30, 2020 (Profound via COMTEX) —
The global Automotive Luxury Vehicle market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 31% throughout the estimate period from 2020 to 2027.
The automotive consumer of today’s times is more aware and concerned about the lsquo;value for money’ offering made by the automobile manufacturers. Earlier, automakers would simply focus on the functionality aspect of the vehicle. Over time, the kind of automobile owned by a consumer was equivalent to a status/style statement. This gave rise to the importance of luxury vehicle on a global level.
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