Global Microcars Market Size study & Forecast, 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) and Regional Analysis, 2022-

Global Microcars Market Size study & Forecast, 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) 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

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

Companies Mentioned
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

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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
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
10.3. 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
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
FIGURE 1. Global Microcars Market, research methodology
FIGURE 2. Global Microcars Market, Market estimation techniques
FIGURE 3. Global Market size estimates & forecast methods
FIGURE 4. Global Microcars Market, key trends 2021
FIGURE 5. Global Microcars Market, growth prospects 2022-2029
FIGURE 6. Global Microcars Market, porters 5 force model
FIGURE 7. Global Microcars Market, pest analysis
FIGURE 8. Global Microcars Market, value chain analysis
FIGURE 9. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
FIGURE 10. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
FIGURE 11. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
FIGURE 12. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
FIGURE 13. Global Microcars Market by segment, 2019 & 2029 (USD Billion)
FIGURE 14. Global Microcars Market, regional snapshot 2019 & 2029
FIGURE 15. North America Microcars Market 2019 & 2029 (USD Billion)
FIGURE 16. Europe Microcars Market 2019 & 2029 (USD Billion)
FIGURE 17. Asia pacific Microcars Market 2019 & 2029 (USD Billion)
FIGURE 18. Latin America Microcars Market 2019 & 2029 (USD Billion)
FIGURE 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

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