A microcar is the smallest automobile classification, usually applied to very small cars (smaller than city cars). Such small cars were generally referred to as cyclecars until the 1940s. More recent models are also called bubble cars due to their bubble-shaped appearance.
Over the last few years, as growing environmental concern, increasing fuel price as well as traffic congestion globally, the emphasis on improving transportation facilities began to gather more attention. Thus, automobile manufacturers are breaking their dependency on heavier car models and managing to develop comfortable, affordable, low carbon emissions as well as fuel consumption small vehicles such as microcars. Thus, these tiny cars are finding appeal among consumers offered as an alternative to combat road traffic congestion. Moreover, as the companies are introducing new models, the microcars are gaining more popularity and competitiveness in the market. In many developing countries such as India, microcars are used as public transportation. In the U.S., people who own three-wheel microcars are benefiting from safety regulations as these microcars are categorized as motorcycles. The primary benefits to owning microcars include taxes, insurance credits as well as special parking are the factors which as boost the microcars market in the near future.
Global Micro-Compact Cars market size will reach 3170 million US$ by 2025, from 2550 million US$ in 2018, at a CAGR of 2.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Micro-Compact Cars.
This industry study presents the global Micro-Compact Cars market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Micro-Compact Cars production, revenue and market share by manufacturers, key regions and type;
The consumption of Micro-Compact Cars in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Daimler AG, Mahindra Electric Mobility Limited, etc.
The following manufacturers are covered in this report:
Daimler AG
Mahindra Electric Mobility Limited
Nissan Motor Co., Ltd.
Groupe PSA
Piaggio & C. Spa
Renault S.A.
Suzuki Motor Corporation
Tata Motors Limited
Toyota Motor Corporation
Daihatsu Motor Co., Ltd.
Micro-Compact Cars Breakdown Data by Type
Electric
Petrol
Diesel
Hybrid
Micro-Compact Cars Breakdown Data by Application
Passenger
Utility
Micro-Compact Cars Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Micro-Compact Cars Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Micro-Compact Cars status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Micro-Compact Cars manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Micro-Compact Cars :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Micro-Compact Cars market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Micro-Compact Cars . Industry analysis & Market Report on Micro-Compact Cars is a syndicated market report, published as Global Micro-Compact Cars Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Micro-Compact Cars market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.