Market Overview:
The global minivan market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles, especially in developing countries. In terms of type, the plug-in minivan segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to rising environmental concerns and government initiatives towards promoting electric vehicles across the globe.
Product Definition:
A minivan is a type of vehicle that typically has a large interior, seating for up to seven passengers, and sliding doors on both sides. They are often used as family vehicles and are perfect for larger groups or families with young children. Minivans can be either front-wheel drive or all-wheel drive and come in both gasoline and hybrid versions.
Plug-In Minivan:
Plug-in van is a vehicle that can be plugged into an electric outlet to recharge its batteries. It has been gaining popularity as it helps in saving fuel and reducing pollution. The concept of plug-in vans has been around for quite some time, but the technology to power them efficiently was not available until recently. In 2010, Toyota launched the first mass market plug-in hybrid van called Sienna.
Hybrid Minivan:
Hybrid minivan is a vehicle that has the ability to operate on two or more types of fuel, generally gasoline and electricity. The hybrid van uses a combination of both internal combustion engine (ICE) and electric powertrain in order to reduce fuel consumption. In addition, it provides benefits such as improved performance over long distances, reduced emissions during operation along with increased reliability.
The global hybrid minivan market size was valued at USD 4.5 billion in 2018.
Application Insights:
Passenger vehicle segment dominated the global market in 2017. The demand for passenger vehicles is generally higher in developing regions as a result of growing population, rising income levels and increasing disposable income, especially in Asia Pacific and the Middle East. Moreover, consumers prefer to purchase new cars instead of trading-in their old car models due to increased safety features and comfort offered by modern cars. This trend is expected to continue over the forecast period as manufacturers are launching new products with innovative features that appeal more customers globally. For instance, Toyota Motors launched a compact MPV named ¢â‚¬Å“Yaris Hybrid¢â‚¬ which has been designed specifically for urban commuters worldwide.
The commercial vehicle segment was valued at USD 3 billion in 2017 owing to high demand from government agencies across various regions including North America.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of emerging economies such as China, India, and Japan has been fueling the demand for passenger vehicles including mini buses and small MPVs. Furthermore, increasing per capita income levels coupled with rising household incomes have resulted in an increased sales volume of passenger cars across these countries. This trend is projected to positively influence product demand over the next eight years.
North America accounted for a significant share of revenue in 2017 owing to growing consumer preferences towards fuel-efficient vehicles along with stringent government norms regarding carbon dioxide emissions from light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs). Moreover, technological advancements such as improved engine efficiency along with lightweight materials used during vehicle manufacturing are anticipated to further boost product penetration across this region over the forecast period.
Growth Factors:
- Increased demand for family vehicles as the population grows
- More women entering the workforce and needing a vehicle that can accommodate children and cargo
- Improved fuel economy and increased availability of hybrid and electric minivans
- Rising popularity of car-sharing services like Zipcar, which make it easier for people without their own vehicle to get around town
- Growing trend of "multimobility" among young urbanites who use multiple modes of transportation to get around, including biking, walking, taking public transportation, and using ride-sharing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Minivan Market Research Report
By Type
Plug-In Minivan, Hybrid Minivan, Mini MPV, Compact MPV, Large MPV
By Application
Commercial vehicle, Passenger vehicle
By Companies
SAIC, Hyundai, Nissan, Ford, GM, Honda, BMW, Daimler, Volkswagen, Toyota
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Minivan Market Report Segments:
The global Minivan market is segmented on the basis of:
Types
Plug-In Minivan, Hybrid Minivan, Mini MPV, Compact MPV, Large MPV
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
Commercial vehicle, Passenger vehicle
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
- Hyundai
- Nissan
- Ford
- GM
- Honda
- BMW
- Daimler
- Volkswagen
- Toyota
Highlights of The Minivan 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:
- Plug-In Minivan
- Hybrid Minivan
- Mini MPV
- Compact MPV
- Large MPV
- By Application:
- Commercial vehicle
- Passenger vehicle
- 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 Minivan 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?
A minivan is a vehicle that typically has four or more seats and is designed for carrying passengers. Minivans are usually smaller than full-sized vans, but larger than compact cars.
Some of the major players in the minivan market are SAIC, Hyundai, Nissan, Ford, GM, Honda, BMW, Daimler, Volkswagen, Toyota.
The minivan 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. Minivan 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. Minivan Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Minivan Market - Supply Chain
4.5. Global Minivan Market Forecast
4.5.1. Minivan Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Minivan Market Size (000 Units) and Y-o-Y Growth
4.5.3. Minivan Market Absolute $ Opportunity
5. Global Minivan 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. Minivan Market Size and Volume Forecast by Type
5.3.1. Plug-In Minivan
5.3.2. Hybrid Minivan
5.3.3. Mini MPV
5.3.4. Compact MPV
5.3.5. Large MPV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Minivan 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. Minivan Market Size and Volume Forecast by Application
6.3.1. Commercial vehicle
6.3.2. Passenger vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Minivan 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. Minivan 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 Minivan 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. Minivan 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 Minivan Demand Share Forecast, 2019-2026
9. North America Minivan 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 Minivan 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 Minivan Market Size and Volume Forecast by Application
9.4.1. Commercial vehicle
9.4.2. Passenger vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Minivan Market Size and Volume Forecast by Type
9.7.1. Plug-In Minivan
9.7.2. Hybrid Minivan
9.7.3. Mini MPV
9.7.4. Compact MPV
9.7.5. Large MPV
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 Minivan Demand Share Forecast, 2019-2026
10. Latin America Minivan 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 Minivan 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 Minivan Market Size and Volume Forecast by Application
10.4.1. Commercial vehicle
10.4.2. Passenger vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Minivan Market Size and Volume Forecast by Type
10.7.1. Plug-In Minivan
10.7.2. Hybrid Minivan
10.7.3. Mini MPV
10.7.4. Compact MPV
10.7.5. Large MPV
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 Minivan Demand Share Forecast, 2019-2026
11. Europe Minivan 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 Minivan 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 Minivan Market Size and Volume Forecast by Application
11.4.1. Commercial vehicle
11.4.2. Passenger vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Minivan Market Size and Volume Forecast by Type
11.7.1. Plug-In Minivan
11.7.2. Hybrid Minivan
11.7.3. Mini MPV
11.7.4. Compact MPV
11.7.5. Large MPV
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 Minivan Demand Share, 2019-2026
12. Asia Pacific Minivan 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 Minivan 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 Minivan Market Size and Volume Forecast by Application
12.4.1. Commercial vehicle
12.4.2. Passenger vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Minivan Market Size and Volume Forecast by Type
12.7.1. Plug-In Minivan
12.7.2. Hybrid Minivan
12.7.3. Mini MPV
12.7.4. Compact MPV
12.7.5. Large MPV
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 Minivan Demand Share, 2019-2026
13. Middle East & Africa Minivan 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 Minivan 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 Minivan Market Size and Volume Forecast by Application
13.4.1. Commercial vehicle
13.4.2. Passenger vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Minivan Market Size and Volume Forecast by Type
13.7.1. Plug-In Minivan
13.7.2. Hybrid Minivan
13.7.3. Mini MPV
13.7.4. Compact MPV
13.7.5. Large MPV
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 Minivan Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Minivan Market: Market Share Analysis
14.2. Minivan Distributors and Customers
14.3. Minivan Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SAIC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hyundai
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
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ford
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Honda
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BMW
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Daimler
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Volkswagen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toyota
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