PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269749
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1269749
Global Microcars Market Size study & Forecast, by Wheels By Drive Type By Fuel Types By Application and Regional Analysis, 2022-2029
Global Microcars Market is valued at approximately USD 7.25 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9% over the forecast period 2022-2029. Microcars typically had engines with a displacement of less than 700cc and were often powered by two-stroke engines. They were usually designed with a single door on one side of the car, and some models even had a canvas roof that could be rolled back for an open-air driving experience. The Microcars market is expanding because of factors such as the increase in demand for electric microcars and pick-up trucks in the logistics sector and the rise in the adoption of EVs in commercial transportation.
Microcars were also popular in cities where parking spaces were limited, and narrow streets made it difficult to maneuver larger cars. Its prevalence has progressively increased during the last few decades. According to Statista, the Pickup trucks market segment is projected to reach USD 110,300 million in 2023 and is expected to show an annual growth rate of 1.55% in between 2023 to 2027, resulting in a projected market volume of USD 117,300 million by 2027. Another important component driving space increase is the adoption of EVs in commercial transportation. As per Statista, the global market for electric commercial vehicles is expected to exceed 2 million units by 2028, with a compound annual growth rate of around 41 % between 2020 and 2028. In addition, Chinese battery electric vehicle and hybrid electric vehicle registrations has raised by 82% year-on-year in 2022. Furthermore, Global plug-in electric vehicle sales account for over 10.5 million units in 2022. Also, rising technological advancement in the automotive industry and rising focus on the electrification of public transport fleets would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Microcars stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Microcars Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increase in traffic in the region due to the increasing population. According to Statista, in 2021, electric vehicles accounted for just over 16 per cent of the automotive market in China. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as an increase in automotive sales due to rising private and government expenditure on commercial vehicles in the market space.
Major market player included in this report are:
- Daimler AG
- Bayerische Motoren Werke AG
- Daihatsu Motor Co., Ltd.
- Group PSA
- Honda Motor Co., Ltd
- Nissan Motor Co. Ltd.
- Mahindra Electric Mobility Limited
- Toyota Motor Corporation
- Suzuki Motor Corporation
- Hyundai Motor Company
Recent Developments in the Market:
- In May 2022, Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models.
Global Microcars Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Wheels, Drive Type, Fuel Types, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Wheels
- 4-Wheel Microcar
- 3-Wheel Microcar
By Drive Type
- All Wheel Drive
- 2 Wheel Drive
- By Fuel Types
- Electric
- Petrol/Diesel
- Hybrid
By Application:
- Commercial
- Personal
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Microcars Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Microcars Market, by Wheels, 2019-2029 (USD Billion)
- 1.2.3. Microcars Market, by Drive Type, 2019-2029 (USD Billion)
- 1.2.4. Microcars Market, by Fuel Types, 2019-2029 (USD Billion)
- 1.2.5. Microcars Market, by Application, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Microcars Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Microcars Market Dynamics
- 3.1. Microcars Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increase in demand for electric microcars and pick-up trucks in the logistics sector.
- 3.1.1.2. Rise in adoption of EVs in the commercial transportation
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Microcars
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising technological advancement in automotive industry
- 3.1.3.2. Rising focus on electrification of public transport fleets
- 3.1.1. Market Drivers
Chapter 4. Global Microcars Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Microcars Market, by Wheels
- 6.1. Market Snapshot
- 6.2. Global Microcars Market by Wheels, Performance - Potential Analysis
- 6.3. Global Microcars Market Estimates & Forecasts by Wheels 2019-2029 (USD Billion)
- 6.4. Microcars Market, Sub Segment Analysis
- 6.4.1. 4-Wheel Microcar
- 6.4.2. 3-Wheel Microcar
Chapter 7. Global Microcars Market, by Drive Type
- 7.1. Market Snapshot
- 7.2. Global Microcars Market by Drive Type, Performance - Potential Analysis
- 7.3. Global Microcars Market Estimates & Forecasts by Drive Type 2019-2029 (USD Billion)
- 7.4. Microcars Market, Sub Segment Analysis
- 7.4.1. All Wheel Drive
- 7.4.2. 2 Wheel Drive
Chapter 8. Global Microcars Market, by Fuel Types
- 8.1. Market Snapshot
- 8.2. Global Microcars Market by Fuel Types, Performance - Potential Analysis
- 8.3. Global Microcars Market Estimates & Forecasts by Fuel Types 2019-2029 (USD Billion)
- 8.4. Microcars Market, Sub Segment Analysis
- 8.4.1. Electric
- 8.4.2. Petrol/Diesel
- 8.4.3. Hybrid
Chapter 9. Global Microcars Market, by Application
- 9.1. Market Snapshot
- 9.2. Global Microcars Market by Application, Performance - Potential Analysis
- 9.3. Global Microcars Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 9.4. Microcars Market, Sub Segment Analysis
- 9.4.1. Commercial
- 9.4.2. Personal
Chapter 10. Global Microcars Market, Regional Analysis
- 10.1. Microcars Market, Regional Market Snapshot
- 10.2. North America Microcars Market
- 10.2.1. U.S. Microcars Market
- 10.2.1.1. Wheels breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Drive Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Fuel Types breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Application breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Microcars Market
- 10.2.1. U.S. Microcars Market
- 10.3. Europe Microcars Market Snapshot
- 10.3.1. U.K. Microcars Market
- 10.3.2. Germany Microcars Market
- 10.3.3. France Microcars Market
- 10.3.4. Spain Microcars Market
- 10.3.5. Italy Microcars Market
- 10.3.6. Rest of Europe Microcars Market
- 10.4. Asia-Pacific Microcars Market Snapshot
- 10.4.1. China Microcars Market
- 10.4.2. India Microcars Market
- 10.4.3. Japan Microcars Market
- 10.4.4. Australia Microcars Market
- 10.4.5. South Korea Microcars Market
- 10.4.6. Rest of Asia Pacific Microcars Market
- 10.5. Latin America Microcars Market Snapshot
- 10.5.1. Brazil Microcars Market
- 10.5.2. Mexico Microcars Market
- 10.5.3. Rest of Latin America Microcars Market
- 10.6. Rest of The World Microcars Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Daimler AG
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Bayerische Motoren Werke AG
- 11.2.3. Daihatsu Motor Co., Ltd.
- 11.2.4. Group PSA
- 11.2.5. Honda Motor Co., Ltd
- 11.2.6. Nissan Motor Co. Ltd.
- 11.2.7. Mahindra Electric Mobility Limited
- 11.2.8. Toyota Motor Corporation
- 11.2.9. Suzuki Motor Corporation
- 11.2.10. Hyundai Motor Company
- 11.2.1. Daimler AG
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Microcars Market, report scope
- TABLE 2. Global Microcars Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Microcars Market estimates & forecasts by Wheels 2019-2029 (USD Billion)
- TABLE 4. Global Microcars Market estimates & forecasts by Drive Type 2019-2029 (USD Billion)
- TABLE 5. Global Microcars Market estimates & forecasts by Fuel Types 2019-2029 (USD Billion)
- TABLE 6. Global Microcars Market estimates & forecasts by Application 2019-2029 (USD Billion)
- TABLE 7. Global Microcars Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Microcars Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Microcars Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Microcars Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Microcars Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Microcars Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Microcars Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Microcars Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Microcars Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. Global Microcars Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 18. U.S. Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. U.S. Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 20. Canada Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 21. Canada Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. Canada Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 23. UK Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 24. UK Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. UK Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 26. Germany Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 27. Germany Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. Germany Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 29. France Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 30. France Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. France Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 32. Italy Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 33. Italy Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Italy Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 35. Spain Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 36. Spain Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. Spain Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 38. RoE Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 39. RoE Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. RoE Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 41. China Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 42. China Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. China Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 44. India Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 45. India Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. India Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 47. Japan Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 48. Japan Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. Japan Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 50. South Korea Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 51. South Korea Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. South Korea Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 53. Australia Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 54. Australia Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. Australia Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. RoAPAC Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 59. Brazil Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 60. Brazil Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Brazil Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 62. Mexico Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 63. Mexico Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. Mexico Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 65. RoLA Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 66. RoLA Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. RoLA Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 68. Row Microcars Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 69. Row Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. Row Microcars Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 71. List of secondary sources, used in the study of global Microcars Market
- TABLE 72. List of primary sources, used in the study of global Microcars Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Microcars Market, research methodology
- FIG 2. Global Microcars Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Microcars Market, key trends 2021
- FIG 5. Global Microcars Market, growth prospects 2022-2029
- FIG 6. Global Microcars Market, porters 5 force model
- FIG 7. Global Microcars Market, pest analysis
- FIG 8. Global Microcars Market, value chain analysis
- FIG 9. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Microcars Market, regional snapshot 2019 & 2029
- FIG 15. North America Microcars Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Microcars Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Microcars Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Microcars Market 2019 & 2029 (USD Billion)
- FIG 19. Global Microcars Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
