Market Overview:
The global micro-compact cars market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The growth in the market can be attributed to various factors such as increase in demand for fuel efficient and environment friendly vehicles, rising disposable income, and technological advancements. Based on type, the global micro-compact cars market is segmented into electric, petrol, diesel and hybrid vehicles. Among these segments, electric vehicles are expected to witness highest growth during the forecast period owing to increasing awareness about environment friendly options among consumers as well as government initiatives towards promotion of electric mobility. Based on application, passenger cars accounted for majority share of the global micro-compact car market in 2017 and is projected to maintain its dominance during the forecast period.
Product Definition:
micro-compact cars are small, lightweight vehicles that offer great fuel economy and maneuverability. They are perfect for city driving, and many models even come with parking sensors to make parallel parking a breeze. Micro-compact cars are becoming increasingly popular as more and more people seek an affordable, eco-friendly mode of transportation.
Electric:
Electric cars are the future of the automobile industry. They have a huge growth potential in terms of cost-saving and environment-saving. The usage of conventional fuel vehicles is increasing day by day, which adds to global warming and pollution. Electric vehicles (EV) can help in solving these problems as they operate with minimal or no emissions on account of non-combustion engine technology.
Petrol:
Petrol is an automotive fuel commonly used as a fuel in internal combustion engines. It is produced by the complete or partial combustion of fossil fuels in gas turbines, which are used to generate electricity. The most common types of petrol are gasoline and diesel which are widely used for road vehicles including cars, two wheelers and trucks among others.
Micro-compact cars have been gaining popularity due to their compact size.
Application Insights:
The utility segment dominated the global micro-compact cars market, accounting for a share of over 60.0% in 2017. The growth can be attributed to the increasing demand for vehicles in urban areas as they offer higher passenger capacity and are more economical than small cars. Moreover, stringent government regulations regarding road space utilization have resulted in an increased demand for compact utility vehicles across countries such as India and China which is expected to drive the segment further during the forecast period.
Passenger car users prefer larger vehicle size owing to comfort.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The regional growth can be attributed to rising disposable income, increasing population, and growing urbanization in emerging economies such as China and India. Furthermore, favorable government policies aimed at reducing pollution levels in major cities are expected to drive demand for green cars across Asia Pacific over the next eight years. Europe is also estimated to witness significant growth during the same period owing to stringent emission norms set by governments of European countries such as Germany and France that have a high penetration of micro-compact car manufacturers. North America accounted for a significant share of global revenue owing to early adoption of micro-compact vehicles across U.S.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Rising disposable income of the middle class population in developing countries
- Proliferation of ride-sharing services and increasing urbanization
- Technological advancements in micro-compact car design and features
- Government initiatives to promote the use of micro-compact cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro-Compact Cars Market Research Report
By Type
Electric, Petrol, Diesel, Hybrid
By Application
Passenger, Utility
By Companies
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.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Micro-Compact Cars Market Report Segments:
The global Micro-Compact Cars market is segmented on the basis of:
Types
Electric, Petrol, Diesel, Hybrid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger, Utility
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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.
Highlights of The Micro-Compact Cars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric
- Petrol
- Diesel
- Hybrid
- By Application:
- Passenger
- Utility
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro-Compact Cars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro-compact cars are typically defined as vehicles that have a length of less than 100 inches and a width of less than 60 inches. This category includes both small sedans and compact SUVs.
Some of the key players operating in the micro-compact cars market are 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..
The micro-compact cars market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro-Compact Cars Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro-Compact Cars Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro-Compact Cars Market - Supply Chain
4.5. Global Micro-Compact Cars Market Forecast
4.5.1. Micro-Compact Cars Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro-Compact Cars Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro-Compact Cars Market Absolute $ Opportunity
5. Global Micro-Compact Cars Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Micro-Compact Cars Market Size and Volume Forecast by Type
5.3.1. Electric
5.3.2. Petrol
5.3.3. Diesel
5.3.4. Hybrid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro-Compact Cars Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Micro-Compact Cars Market Size and Volume Forecast by Application
6.3.1. Passenger
6.3.2. Utility
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro-Compact Cars Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Micro-Compact Cars Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Micro-Compact Cars Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro-Compact Cars Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro-Compact Cars Demand Share Forecast, 2019-2026
9. North America Micro-Compact Cars Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro-Compact Cars Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro-Compact Cars Market Size and Volume Forecast by Application
9.4.1. Passenger
9.4.2. Utility
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro-Compact Cars Market Size and Volume Forecast by Type
9.7.1. Electric
9.7.2. Petrol
9.7.3. Diesel
9.7.4. Hybrid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Micro-Compact Cars Demand Share Forecast, 2019-2026
10. Latin America Micro-Compact Cars Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro-Compact Cars Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro-Compact Cars Market Size and Volume Forecast by Application
10.4.1. Passenger
10.4.2. Utility
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro-Compact Cars Market Size and Volume Forecast by Type
10.7.1. Electric
10.7.2. Petrol
10.7.3. Diesel
10.7.4. Hybrid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Micro-Compact Cars Demand Share Forecast, 2019-2026
11. Europe Micro-Compact Cars Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro-Compact Cars Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro-Compact Cars Market Size and Volume Forecast by Application
11.4.1. Passenger
11.4.2. Utility
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro-Compact Cars Market Size and Volume Forecast by Type
11.7.1. Electric
11.7.2. Petrol
11.7.3. Diesel
11.7.4. Hybrid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1 By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Micro-Compact Cars Demand Share, 2019-2026
12. Asia Pacific Micro-Compact Cars Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro-Compact Cars Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro-Compact Cars Market Size and Volume Forecast by Application
12.4.1. Passenger
12.4.2. Utility
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro-Compact Cars Market Size and Volume Forecast by Type
12.7.1. Electric
12.7.2. Petrol
12.7.3. Diesel
12.7.4. Hybrid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Micro-Compact Cars Demand Share, 2019-2026
13. Middle East & Africa Micro-Compact Cars Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Micro-Compact Cars Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro-Compact Cars Market Size and Volume Forecast by Application
13.4.1. Passenger
13.4.2. Utility
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro-Compact Cars Market Size and Volume Forecast by Type
13.7.1. Electric
13.7.2. Petrol
13.7.3. Diesel
13.7.4. Hybrid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Micro-Compact Cars Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro-Compact Cars Market: Market Share Analysis
14.2. Micro-Compact Cars Distributors and Customers
14.3. Micro-Compact Cars Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daimler AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mahindra Electric Mobility Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nissan Motor Co., Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Groupe PSA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Piaggio & C. Spa
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Renault S.A.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Suzuki Motor Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tata Motors Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toyota Motor Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Daihatsu Motor Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook