Compact Utility Vehicles Market Higher Growth Rate & Forecast 2024-2033

A compact utility vehicle (CUV) is a vehicle similar to a station wagon or estate car, but built on a unibody car platform instead of a separate body-on-frame chassis. They typically have four doors, seating for up to five people, and a hatchback-style rear door for access to the cargo area.

CUVs first became popular in the late 1990s as carmakers began to downsize their vehicles in an effort to improve fuel economy. Today, they remain a popular choice for families and outdoor enthusiasts who appreciate their combination of car-like handling and SUV-like utility.

While CUVs vary in size and capability, they all share a few key features. Most have a raised ride height that gives them better ground clearance and a more commanding view of the road. Many also come equipped with all-wheel drive, which improves traction in slippery conditions.