Canada Luxury Car Market Size & Outlook, 2025-2033
Canada Luxury Car Market Insights
- Based on Deep Market Insights findings, the Canada Luxury Car Market reached USD 86.8 Billion in 2024 and is estimated to attain USD 165.03 Billion by 2033.
- From 2025 to 2033, the Canada market is expected to grow at a steady CAGR of 7.47%.
- Within the Propulsion category, ICE Luxury dominated in 2024 in terms of market size contribution.
- Over the forecast period, EV Luxury is forecasted to deliver the fastest growth, positioning it as the most lucrative Propulsion segment.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- Canada accounted for 6.44% of the global Luxury Car Market size in 2024.
- By 2033, United States is expected to remain the top global market in terms of size.
- Within North America, United States is forecasted to dominate the regional Luxury Car Market size by 2033.
- Canada will be the fastest-growing market in North America, projected to achieve USD 166 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 86.8 Billion |
| Market Size In 2033 | USD 165.03 Billion |
| Largest segment | ICE Luxury |
| Units | Revenue in USD Billion |
| CAGR | 7.47% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmnetation Covered
| Segments | Sub Segments |
|---|---|
| Propulsion |
|
| Vehicle Type |
|
| Price Tier |
|
Canada Luxury Car Market Propulsion 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.
Canada Luxury Car Market Vehicle Type 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.
Canada Luxury Car Market Price Tier 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.