+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Microcars - Global Market Trajectory & Analytics

  • PDF Icon

    Report

  • 197 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2586884

Global Microcars Market to Reach $51.4 Billion by 2027

Amid the COVID-19 crisis, global market for Microcars estimated at US$44.5 Billion in the year 2020, is projected to reach a revised size of US$51.4 Billion by 2027, growing at a CAGR of 2.1% over the period 2020-2027. Electric Microcars, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$22.5 Billion by the end of the analysis period.

The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 2.8% CAGR Microcars market in the U.S. is estimated at US$3.7 Billion in the year 2020 and is forecast to reach US$4.2 Billion growing at a CAGR of 1.7% over the period. China is forecast to reach a projected market size of US$5.7 Billion by the year 2027 trailing a CAGR of 2.8% over the period 2020-2027. Among the other noteworthy geographic markets are Europe and Canada, each forecast to grow at 2.0% and 1.6% respectively over the analysis period.

Select Competitors (Total 57 Featured)

  • BMW AG
  • Daihatsu Motor Co., Ltd.
  • Daimler AG
  • Fiat Automobiles SpA
  • Groupe Renault SA
  • Honda Motor Co. Ltd.
  • Mahindra Electric Mobility Limited
  • Mitsubishi Motors Corp.
  • Piaggio & C. Spa
  • Suzuki Motor Corporation
  • Toyota Motor Corporation

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Microcars - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020: A Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • How the Automotive Industry was Impacted by the Pandemic & What's the New Normal?
  • Car Production YoY % Growth in 2020 Across Major Regional Markets
  • Pandemic Impacts Demand for Microcars
  • Increased Use of Mask-Vacation Pods at Workspaces, An Opportunity for Microcars
  • An Introduction to Microcars
  • Microcars: Promising Alternative to Traditional Vehicles
  • Global Market Prospects & Outlook
  • Developing Regions to Witness High Growth
  • Competition
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Challenges of Urban Transportation Enhance Importance of Microcars
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Growing Road Congestion and Restricted Parking Spaces Fuel Need for Smaller Microcars
  • Urbanization and Emergence of Smart Cities Spurs Demand for Light Vehicles, Microcars to Benefit
  • Global Smart Cities Market: Annual Sales in US$ Million for Years 2020 and 2027
  • Rise in Two-Wheeler Accidents Turns Consumers towards Microcars
  • Regulatory Pressures to Reduce Carbon Emissions Drives Focus onto Micro-Electric Vehicles
  • Trend towards Small and Low-Speed Electric Vehicles
  • Hybrid Cars to Remain in Race in Near Term
  • Government Support for Electric Vehicles: Micro-Electric Vehicles Market to Benefit
  • Micro-Mobility Trend Fuels Importance of Microcars
  • Global Micromobility Market Size (in $ Billion) for 2020, 2023 and 2026
  • Could Microcars Emerge as the Future of Shared Mobility Services?
  • Microcars Proved to be Successful for Car Sharing even before Pandemic
  • The Advantage of License-free Driving Bodes Well for Microcars Market
  • Changing Mobility Trends Affect Design Changes
  • Motorized Quadricycles Market: Poised for Healthy Growth
  • Safety Aspect Remains High Priority among Consumers
  • Stringent Eco-Norms and Safety Rules to Increase Prices of Microcars
  • Small Engine Compact Cars to Witness Robust Demand
  • Solar Electric Microcar - A New Development
  • Consumer Perceptions: A Major Hindrance for Adoption of Microcars
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Microcars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Microcars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 3: World 12-Year Perspective for Microcars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Electric by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 6: World 12-Year Perspective for Electric by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Hybrid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Hybrid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 9: World 12-Year Perspective for Hybrid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Petrol / Diesel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Petrol / Diesel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 12: World 12-Year Perspective for Petrol / Diesel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Personal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Personal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 15: World 12-Year Perspective for Personal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 18: World 12-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Microcars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Microcars for Car Sharing in the US
  • Table 19: USA Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: USA Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 21: USA 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 22: USA Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 23: USA Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 24: USA 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
CANADA
  • Table 25: Canada Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: Canada Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 27: Canada 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 28: Canada Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 29: Canada Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 30: Canada 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
JAPAN
  • Microcars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Japanese Minicars Market Breakdown by Leading Manufacturers (In %) for 2020
  • Increased Prominence of EVs: Implications for Keis Market
  • Table 31: Japan Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: Japan Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 33: Japan 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 34: Japan Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 35: Japan Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 36: Japan 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
CHINA
  • Microcars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Carbon Credits Program to Expand Micro Vehicles Market in China
  • Table 37: China Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: China Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 39: China 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 40: China Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 41: China Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 42: China 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
EUROPE
  • Microcars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Table 43: Europe Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Europe Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 45: Europe 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 46: Europe Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 47: Europe Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 48: Europe 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
ASIA-PACIFIC
  • Microcars Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Promising Potential for Microcars Market in India
  • Table 49: Asia-Pacific Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Asia-Pacific Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 51: Asia-Pacific 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 52: Asia-Pacific Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 53: Asia-Pacific Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 54: Asia-Pacific 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
REST OF WORLD
  • Table 55: Rest of World Recent Past, Current & Future Analysis for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 56: Rest of World Historic Review for Microcars by Fuel Type - Electric, Hybrid and Petrol / Diesel Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 57: Rest of World 12-Year Perspective for Microcars by Fuel Type - Percentage Breakdown of Value Sales for Electric, Hybrid and Petrol / Diesel for the Years 2015, 2021 & 2027
  • Table 58: Rest of World Recent Past, Current & Future Analysis for Microcars by Application - Personal and Commercial - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 59: Rest of World Historic Review for Microcars by Application - Personal and Commercial Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2019 and % CAGR
  • Table 60: Rest of World 12-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal and Commercial for the Years 2015, 2021 & 2027
IV. COMPETITION
  • Total Companies Profiled: 57

Companies Mentioned

A selection of companies mentioned in this report includes:

  • BMW AG
  • Daihatsu Motor Co., Ltd.
  • Daimler AG
  • Fiat Automobiles SpA
  • Groupe Renault SA
  • Honda Motor Co. Ltd.
  • Mahindra Electric Mobility Limited
  • Mitsubishi Motors Corp.
  • Piaggio & C. Spa
  • Suzuki Motor Corporation
  • Toyota Motor Corporation