Market Overview:
The global mini car market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The mini car market is segmented on the basis of type, application, and region. On the basis of type, the mini cars segment is expected to dominate the global mini car market with a share of more than 60%. This can be attributed to their low price and easy maneuverability in congested areas. The commercial application segment is projected to grow at a higher CAGR than other applications during the forecast period owing to increasing demand for small vehicles for last-mile deliveries. North America accounted for majority of the share in 2017 and is projected to maintain its dominance during the forecast period due To high adoption rate Of Mini Cars In Commercial Applications Such As Food Delivery And Logistics In Countries Such As The U S And Canada .
Product Definition:
A mini car is a small, lightweight, fuel-efficient vehicle that is typically used for urban travel. Mini cars are often less expensive to operate than larger vehicles and can be easier to park in tight spaces. They are also popular among environmental and energy-conscious drivers because of their low emissions.
Mini Cars:
Mini cars are small road vehicles generally with seating for two and sometimes three persons. They are usually powered by engines ranging from 50cc to 100cc. The global mini car market size was valued at USD 14,75 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Mini Buses:
Mini buses are small sized passenger carrying vehicles that can seat more than 20 people. They are mostly used to transport passengers from one place to another and can be categorized as a van or a bus depending on the size of the vehicle. Mini buses have better leg room, they also have adjustable seats and they are equipped with air conditioning which makes them comfortable for long journeys.
Application Insights:
The commercial application segment dominated the global mini car market, accounting for more than 60.0% share of the total revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries including healthcare, public transport and logistics, education and hospitality. Mini buses have been observed filling a void in the market for passenger transportation services at affordable costs as compared to other modes of transport such as helicopters or airplanes.
In addition, mini trucks are increasingly being used by companies operating within logistics & express delivery sectors due to their small size allowing them access restricted areas that larger vehicles cannot reach such as narrow parking spaces or drop off points near residential complexes & workplaces.
Regional Analysis:
Asia Pacific mini car market accounted for the largest share of over 40% in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from developing countries such as India and China, which are witnessing strong economic growth owing to rapid industrialization and urbanization. Moreover, rising disposable income levels will also have a positive impact on industry growth in Asia Pacific region.
North America mini car market is projected to grow at a significant rate during the forecast period due to factors such as growing population, changing lifestyle of individuals along with increasing need for personal transportation devices that consume minimal space and offer high efficiency.
Growth Factors:
- Increasing demand for mini cars in developing countries as a result of rising income levels and the growing population of young drivers.
- The increasing popularity of car-sharing services, which are particularly well suited to mini cars, is helping to drive growth in the market.
- Improvements in fuel efficiency and emissions performance are making mini cars more attractive to consumers, especially in markets where concerns about climate change are growing.
- Advances in automotive technology are making it possible for mini car manufacturers to offer increasingly sophisticated features and amenities, attracting new buyers into the market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mini Car Market Research Report
By Type
Mini Cars, Mini Buses, Mini Trucks
By Application
Househld, Commercial
By Companies
SAIC GM Wuling, Changan Automobile, Hafei Automobile, Honda, BYD, Mercedes-Benson Smart, CHERY, Zotye Auto, Toyota, Renault
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Mini Car Market Report Segments:
The global Mini Car market is segmented on the basis of:
Types
Mini Cars, Mini Buses, Mini Trucks
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
Househld, Commercial
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:
- SAIC GM Wuling
- Changan Automobile
- Hafei Automobile
- Honda
- BYD
- Mercedes-Benson Smart
- CHERY
- Zotye Auto
- Toyota
- Renault
Highlights of The Mini Car 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:
- Mini Cars
- Mini Buses
- Mini Trucks
- By Application:
- Househld
- Commercial
- 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 Mini Car 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?
Some of the major companies in the mini car market are SAIC GM Wuling, Changan Automobile, Hafei Automobile, Honda, BYD, Mercedes-Benson Smart, CHERY, Zotye Auto, Toyota, Renault.
The mini car market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mini Car 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. Mini Car Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mini Car Market - Supply Chain
4.5. Global Mini Car Market Forecast
4.5.1. Mini Car Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mini Car Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mini Car Market Absolute $ Opportunity
5. Global Mini Car 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. Mini Car Market Size and Volume Forecast by Type
5.3.1. Mini Cars
5.3.2. Mini Buses
5.3.3. Mini Trucks
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mini Car 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. Mini Car Market Size and Volume Forecast by Application
6.3.1. Househld
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mini Car 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. Mini Car 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 Mini Car 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. Mini Car 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 Mini Car Demand Share Forecast, 2019-2026
9. North America Mini Car 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 Mini Car 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 Mini Car Market Size and Volume Forecast by Application
9.4.1. Househld
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mini Car Market Size and Volume Forecast by Type
9.7.1. Mini Cars
9.7.2. Mini Buses
9.7.3. Mini Trucks
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 Mini Car Demand Share Forecast, 2019-2026
10. Latin America Mini Car 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 Mini Car 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 Mini Car Market Size and Volume Forecast by Application
10.4.1. Househld
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mini Car Market Size and Volume Forecast by Type
10.7.1. Mini Cars
10.7.2. Mini Buses
10.7.3. Mini Trucks
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 Mini Car Demand Share Forecast, 2019-2026
11. Europe Mini Car 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 Mini Car 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 Mini Car Market Size and Volume Forecast by Application
11.4.1. Househld
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mini Car Market Size and Volume Forecast by Type
11.7.1. Mini Cars
11.7.2. Mini Buses
11.7.3. Mini Trucks
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 Mini Car Demand Share, 2019-2026
12. Asia Pacific Mini Car 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 Mini Car 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 Mini Car Market Size and Volume Forecast by Application
12.4.1. Househld
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mini Car Market Size and Volume Forecast by Type
12.7.1. Mini Cars
12.7.2. Mini Buses
12.7.3. Mini Trucks
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 Mini Car Demand Share, 2019-2026
13. Middle East & Africa Mini Car 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 Mini Car 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 Mini Car Market Size and Volume Forecast by Application
13.4.1. Househld
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mini Car Market Size and Volume Forecast by Type
13.7.1. Mini Cars
13.7.2. Mini Buses
13.7.3. Mini Trucks
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 Mini Car Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mini Car Market: Market Share Analysis
14.2. Mini Car Distributors and Customers
14.3. Mini Car Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SAIC GM Wuling
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Changan Automobile
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hafei Automobile
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honda
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BYD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mercedes-Benson Smart
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CHERY
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zotye Auto
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
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Renault
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
