The compact SUV market in Europe is forecast to be flat this year at more than 2 million sales after years of growth as automakers replace key models and the segment pivots away from diesels toward electrified powertrains.
After this year, however, LMC Automotive believes the segment will expand to 2.4 million units in 2021 and continue to rise annually to reach 2.8 million by the middle of the decade.
Compact SUVs have been an economic lifeline for volume brands such as Nissan, Ford and Peugeot because of demand for models such as the Qashqai, Kuga and 3008, respectively.