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Microcars - Global Market Trajectory & Analytics

  • ID: 2586884
  • Report
  • September 2020
  • Region: Global
  • 163 Pages
  • Global Industry Analysts, Inc
Global Microcars Market to Reach $54.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Microcars estimated at US$50.5 Billion in the year 2020, is projected to reach a revised size of US$54.3 Billion by 2027, growing at a CAGR of 1% over the analysis period 2020-2027. Electricity Cars, one of the segments analyzed in the report, is projected to record a 1.1% CAGR and reach US$24.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid Cars segment is readjusted to a revised 1% CAGR for the next 7-year period.

The U. S. Market is Estimated at $14.8 Billion, While China is Forecast to Grow at 0.8% CAGR

The Microcars market in the U. S. is estimated at US$14.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.6 Billion by the year 2027 trailing a CAGR of 0.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 0.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Fuel Cars Segment to Record 0.8% CAGR

In the global Fuel Cars segment, USA, Canada, Japan, China and Europe will drive the 0.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.9 Billion in the year 2020 will reach a projected size of US$9.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2027. We bring years of research experience to this 18th edition of our report. The 163-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Daihatsu Motor Co., Ltd.
  • Daimler AG
  • Groupe PSA
  • Mahindra Electric Mobility Limited
  • Nissan Motor Co., Ltd.
  • Piaggio & C. Spa
  • Renault S. A.
  • Suzuki Motor Corporation
  • Tata Motors Limited
  • Toyota Motor Corporation
Note: Product cover images may vary from those shown
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Microcars - Pacing Up to Alter Global Auto Landscape
  • Recent Market Activity
  • Need for Businesses to Embrace Microcars
  • Consumer Perceptions - A Major Hindrancefor Adoption of Microcars
  • Low Volumes and High Costs Lead to Higher Prices
  • Key Market Inhibitors
  • Safety Features
  • Urban and Rural Setting
  • Outlook
  • A Prelude
  • Global Automobile Production on a Growth Avenue
  • Opportunity Indicators
  • Expanding Automotive Production in Asia-Pacific
  • China & India to Play Important Role
  • Chinese Growth Cools Down but Still Growingat a Healthy Rate
  • India - A Promising Market for Small Cars
  • Global Competitor Market Shares
  • Microcars Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Daimler AG (Germany)
  • Mahindra Electric Mobility Limited (India)
  • Nissan Motor Co., Ltd. (Japan)
  • Groupe PSA (France)
  • Piaggio & C. Spa (Italy)
  • Renault S.A. (France)
  • Suzuki Motor Corporation (Japan)
  • Tata Motors Limited (India)
  • Toyota Motor Corporation (Japan)
  • Daihatsu Motor Co., Ltd. (Japan)
3. MARKET TRENDS & DRIVERS
  • Microcars Go Electric
  • Growing Trend towards Small and Low-SpeedElectric Vehicles
  • Fuel Efficiency and Vehicle Emission StandardsGain Increased Focus
  • Review of Green House Gas Emissions andFuel Economy Standards for VehiclesAcross the World
  • Hybrid Cars to Remain in Race in Near Term
  • Government Incentives Driving the MicroelectricCar Segment
  • Changing Mobility Trends Affect Design Changes
  • Safety Aspect Remains High Priority amongConsumers
  • Stringent Eco-Norms and Safety Rules to IncreasePrices of Microcars
  • Adoption of E-Trikes Gains Momentum in Indonesia
  • Foray of Quadricycle Microcars in Israel
  • Small Engine Compact Cars to Witness RobustDemand
  • Convergence - A Highlighting Feature
  • Technologies Evolve to Revolutionize DrivingExperience
  • In-Car Internet Connectivity - The Next Mega Trend
  • Marked Shifts in Automotive Value Chains
  • Emerging Markets to Drive Automotive Industry
  • Changing Perceptions of Transportation Bode Wellfor Microcars
  • Urban Transpiration Issues to the Fore
  • Advent of Innovative Technologies Fuel Demandfor Sustainable Vehicles
  • Peek into Major Growth Drivers
  • High Fuel Prices
  • Government Efforts
  • Advanced Technology Plug-Ins
  • Endeavors by Vehicle Makers
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Microcars Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Microcars Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • TABLE 3: Microcars Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • TABLE 4: Electricity Cars (Type) World Market by Region/Country in US$ Million: 2020 to 2027
  • TABLE 5: Electricity Cars (Type) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
  • TABLE 6: Electricity Cars (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 7: Hybrid Cars (Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • TABLE 8: Hybrid Cars (Type) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
  • TABLE 9: Hybrid Cars (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
  • TABLE 10: Fuel Cars (Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
  • TABLE 11: Fuel Cars (Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
  • TABLE 12: Fuel Cars (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 13: Personal Cars (Application) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
  • TABLE 14: Personal Cars (Application) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
  • TABLE 15: Personal Cars (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 16: Commercial Cars (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 17: Commercial Cars (Application) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
  • TABLE 18: Commercial Cars (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Microcars Market Share (in %) by Company: 2020 & 2025
  • Market Analytics
  • TABLE 19: United States Microcars Market Estimates and Projections in US$ Million by Type: 2020 to 2027
  • TABLE 20: Microcars Market in the United States by Type: A Historic Review in US$ Million for 2012-2019
  • TABLE 21: United States Microcars Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • TABLE 22: United States Microcars Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
  • TABLE 23: Microcars Historic Demand Patterns in the United States by Application in US$ Million for 2012-2019
  • TABLE 24: Microcars Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027
CANADA
  • TABLE 25: Canadian Microcars Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
  • TABLE 26: Canadian Microcars Historic Market Review by Type in US$ Million: 2012-2019
  • TABLE 27: Microcars Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
  • TABLE 28: Canadian Microcars Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
  • TABLE 29: Microcars Market in Canada: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
  • TABLE 30: Canadian Microcars Market Share Analysis by Application: 2012 VS 2020 VS 2027
JAPAN
  • TABLE 31: Japanese Market for Microcars: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
  • TABLE 32: Microcars Market in Japan: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
  • TABLE 33: Japanese Microcars Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • TABLE 34: Japanese Demand Estimates and Forecasts for Microcars in US$ Million by Application: 2020 to 2027
  • TABLE 35: Japanese Microcars Market in US$ Million by Application: 2012-2019
  • TABLE 36: Microcars Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027
CHINA
  • TABLE 37: Chinese Microcars Market Growth Prospects in US$ Million by Type for the Period 2020-2027
  • TABLE 38: Microcars Historic Market Analysis in China in US$ Million by Type: 2012-2019
  • TABLE 39: Chinese Microcars Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • TABLE 40: Chinese Demand for Microcars in US$ Million by Application: 2020 to 2027
  • TABLE 41: Microcars Market Review in China in US$ Million by Application: 2012-2019
  • TABLE 42: Chinese Microcars Market Share Breakdown by Application: 2012 VS 2020 VS 2027
EUROPE
  • Market Facts & Figures
  • European Microcars Market: Competitor Market Share Scenario (in %) for 2020 & 2025
  • Market Analytics
  • TABLE 43: European Microcars Market Demand Scenario in US$ Million by Region/Country: 2020-2027
  • TABLE 44: Microcars Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
  • TABLE 45: European Microcars Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
  • TABLE 46: European Microcars Market Estimates and Forecasts in US$ Million by Type: 2020-2027
  • TABLE 47: Microcars Market in Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
  • TABLE 48: European Microcars Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • TABLE 49: European Microcars Addressable Market Opportunity in US$ Million by Application: 2020-2027
  • TABLE 50: Microcars Market in Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
  • TABLE 51: European Microcars Market Share Analysis by Application: 2012 VS 2020 VS 2027
FRANCE
  • TABLE 52: Microcars Market in France by Type: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 53: French Microcars Historic Market Scenario in US$ Million by Type: 2012-2019
  • TABLE 54: French Microcars Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • TABLE 55: Microcars Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
  • TABLE 56: French Microcars Historic Market Review in US$ Million by Application: 2012-2019
  • TABLE 57: French Microcars Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027
GERMANY
  • TABLE 58: Microcars Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2020-2027
  • TABLE 59: German Microcars Historic Market Analysis in US$ Million by Type: 2012-2019
  • TABLE 60: German Microcars Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • TABLE 61: Microcars Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
  • TABLE 62: German Microcars Market in Retrospect in US$ Million by Application: 2012-2019
  • TABLE 63: Microcars Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027
ITALY
  • TABLE 64: Italian Microcars Market Growth Prospects in US$ Million by Type for the Period 2020-2027
  • TABLE 65: Microcars Historic Market Analysis in Italy in US$ Million by Type: 2012-2019
  • TABLE 66: Italian Microcars Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
  • TABLE 67: Italian Demand for Microcars in US$ Million by Application: 2020 to 2027
  • TABLE 68: Microcars Market Review in Italy in US$ Million by Application: 2012-2019
  • TABLE 69: Italian Microcars Market Share Breakdown by Application: 2012 VS 2020 VS 2027
UNITED KINGDOM
  • TABLE 70: United Kingdom Market for Microcars: Annual Sales Estimates and Projections in US$ Million by Type for the Period 2020-2027
  • TABLE 71: Microcars Market in the United Kingdom: Historic Sales Analysis in US$ Million by Type for the Period 2012-2019
  • TABLE 72: United Kingdom Microcars Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • TABLE 73: United Kingdom Demand Estimates and Forecasts for Microcars in US$ Million by Application: 2020 to 2027
  • TABLE 74: United Kingdom Microcars Market in US$ Million by Application: 2012-2019
  • TABLE 75: Microcars Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027
REST OF EUROPE
  • TABLE 76: Rest of Europe Microcars Market Estimates and Forecasts in US$ Million by Type: 2020-2027
  • TABLE 77: Microcars Market in Rest of Europe in US$ Million by Type: A Historic Review for the Period 2012-2019
  • TABLE 78: Rest of Europe Microcars Market Share Breakdown by Type: 2012 VS 2020 VS 2027
  • TABLE 79: Rest of Europe Microcars Addressable Market Opportunity in US$ Million by Application: 2020-2027
  • TABLE 80: Microcars Market in Rest of Europe: Summarization of Historic Demand in US$ Million by Application for the Period 2012-2019
  • TABLE 81: Rest of Europe Microcars Market Share Analysis by Application: 2012 VS 2020 VS 2027
ASIA-PACIFIC
  • TABLE 82: Microcars Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 83: Asia-Pacific Microcars Historic Market Scenario in US$ Million by Type: 2012-2019
  • TABLE 84: Asia-Pacific Microcars Market Share Analysis by Type: 2012 VS 2020 VS 2027
  • TABLE 85: Microcars Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
  • TABLE 86: Asia-Pacific Microcars Historic Market Review in US$ Million by Application: 2012-2019
  • TABLE 87: Asia-Pacific Microcars Market Share Analysis: A 17-Year Perspectiveby Application for 2012, 2020, and 2027
REST OF WORLD
  • TABLE 88: Rest of World Microcars Market Estimates and Forecasts in US$ Million by Type: 2020 to 2027
  • TABLE 89: Rest of World Microcars Historic Market Review by Type in US$ Million: 2012-2019
  • TABLE 90: Microcars Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
  • TABLE 91: Rest of World Microcars Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
  • TABLE 92: Microcars Market in Rest of World: Summarization of Historic Demand Patterns in US$ Million by Application for 2012-2019
  • TABLE 93: Rest of World Microcars Market Share Analysis by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
  • Total Companies Profiled: 31
Note: Product cover images may vary from those shown
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