Small SUVs Market Is Likely To Up Demand At A USD 564.1 Billion By 2028
San Francisco, 8 July 2022: The Report Small SUVs Market Size, Share & Trends Analysis Report By Fuel Type (Petrol, Diesel, Electric), By Region, And Segment Forecasts, 2022 - 2028 The global small SUVs market size is expected to reach USD 564.1 billion by 2028, registering a CAGR of 0.3% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for small SUVs is mainly attributed to the rising popularity among young adults pertaining to the characteristics that it combines the elements of on-road passenger cars and off-road sturdy vehicles. Higher ground clearance, higher seating position, and large space is supporting the popularity of small SUVs. Technological developments in lightweight materials and electric and hybrid engine areas are expected to further fuel the industrial growth. For instance, Mazda Motor Corporation developed lightweight small SUV with a striking exterior, increased fuel efficiency, and an enjoyable driving ex