Minivans Market Report 2026

The minivans market size has grown steadily in recent years. It will grow from $107.02 billion in 2025 to $110.43 billion in 2026 at a compound annual growth rate (CAGR) of 3.2%. The growth in the historic period can be attributed to increasing urbanization trends, growth in family-oriented vehicle demand, rising use of minivans for commercial transport, expansion of shared mobility services, availability of fuel-efficient minivan models.

The minivans market size is expected to see steady growth in the next few years. It will grow to $128.77 billion in 2030 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to increasing electrification of passenger vehicles, rising demand for low-emission transport solutions, expansion of smart mobility ecosystems, growing adoption of connected vehicle technologies, increasing use of minivans in last-mile logistics. Major trends in the forecast period include increasing adoption of electric and hybrid minivans, rising demand for multi-purpose family vehicles, growing use of minivans in urban delivery services, expansion of connected vehicle features, enhanced focus on passenger comfort and safety.

The increasing demand for electric vehicles is expected to drive the growth of the minivan market in the coming years. Electric vehicles are powered by one or more electric motors that operate using electric energy. Demand for electric minivans is rising as they help reduce environmental pollution, lower fuel costs, and offer the ability to transport more passengers and goods efficiently. For example, in April 2024, according to the International Energy Agency, a France-based energy analysis organization, nearly 14 million new electric cars were registered worldwide in 2023. Electric car sales in 2023 were 3.5 million higher than in 2022, representing a 35% year-on-year increase. Electric vehicles accounted for about 18% of all cars sold in 2023, up from 14% in 2022, bringing the total number of electric cars on global roads to approximately 40 million. Therefore, the growing demand for electric vehicles is driving the expansion of the minivans market.

Companies operating in the minivan market are increasingly focusing on the development of school-oriented minivans, such as child-focused transportation vehicles, to improve safety, comfort, and sustainability in student mobility. These school-oriented minivans are specially designed multi-seat vehicles featuring enhanced safety systems, optimized seating arrangements, and durable construction to support daily student transportation. They enable improved occupant protection, efficient passenger handling, and reduced environmental impact. For instance, in January 2025, Hyundai Motor Company, a South Korea-based automotive manufacturer, showcased the Staria Kinder, a school transportation minivan designed to deliver safe and efficient mobility for students. The vehicle includes advanced safety features, child-centric seating configurations, and eco-friendly design elements, enhancing student safety, operational reliability for schools and fleet operators, and supporting more sustainable urban mobility solutions.

In March 2024, Chery Automobile Co., Ltd., a China-based global automotive manufacturer, acquired Soueast Motor for an undisclosed amount. Through this acquisition, Chery aims to expand its production capacity, integrate Soueast’s manufacturing facilities, and strengthen its portfolio of multi-purpose vehicles and passenger vehicles that cater to similar market segments as minivans. Soueast Motor is a China-based automobile manufacturer that produces a variety of passenger vehicles, including MPVs and urban mobility models.

Major companies operating in the minivans market are Shanghai Automotive Industry Corporation, Nissan Motor Co Ltd., Toyota Motor Corporation, Honda Motor Co Ltd., Ford Motor Company, Hyundai Motor Company, Kia Corporation, General Motors Company, Daimler AG, Mahindra Group, Suzuki Motor Corporation, Volkswagenwerk GmbH, Tata Motors Ltd., Stellantis NV, Chrysler Group LLC, Dodge Brothers Motor Company, Chevrolet, Auto Union AG, Peugeot Société Anonyme, Automobiles Citroën, Renault SA, Mitsubishi Corporation, Mazda Motor Corporation.

Asia-Pacific was the largest region in the minivan market in 2025. The regions covered in the minivans market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the minivans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The minivan market consists of sales of electric drive and control system, driving force transmission and other mechanical systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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