The Luxury SUV Market Size is Anticipated to Exceed USD 832.88 Billion by 2033, Growing at a CAGR of 17.52% from 2023 to 2033. A sports utility vehicle (SUV) blends the features of an off-road vehicle with the attributes of a passenger car for use on public roads. Due to technological developments, there are now many different properties and cars available in the luxury SUV market.