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Global Microcars Market 2017-2021

Global Microcars Market 2017-2021

About Microcars

Microcar can be defined as a sub-compact car measuring up to 3.6 meters in length and featuring about 1.2-liter (1,200 cc) engine capacity.

Technavio’s analysts forecast the global microcars market to grow at a CAGR of 2.69% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global microcars market for 2017-2021. To calculate the market size, the report considers the microcar sales and volume.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
Technavio's report, Global Microcars Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daimler
  • Toyota
  • General Motors
  • Honda
Other prominent vendors
  • Renault
  • Mitsubishi Motors
  • Fiat Automobiles
Market driver
  • Increased preference for affordable economic cars in APAC
  • For a full, detailed list, view our report
Market challenge
  • Difficulty in offering multiple features within microcars
  • For a full, detailed list, view our report
Market trend
  • OEMs launching microcars with inflated engine capacity and features
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Microcars Market 2017-2021

Technavio recognizes the following companies as the key players in the global microcars market: Daimler, Toyota, General Motors, and Honda.

Other Prominent Vendors in the market are: Renault, Mitsubishi Motors, and Fiat Automobiles.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is OEMs launching microcars with inflated engine capacity and features. OEMs are increasingly adding advanced features to microcars for negating the perception of microcars being labelled as “cheap cars” with an intention to sell them exclusively in the emerging countries. Also, OEMs are moving their focus from markets like China and India to countries like Thailand, Russia, Europe, and Brazil to increase their global market presence. For instance, General Motors postponed the launch of its compact vehicles that targeted the Indian and Chinese markets due to the underperformance of their compact car segments in these markets.”

According to the report, one of the major drivers for this market is increased preference for affordable economic cars in APAC. Automotive markets in APAC have always been cost sensitive due to constrained spending habits, the lack of awareness regarding financial methods, and economic backwardness. Hence, the penetration of passenger cars is less in APAC compared to the Americas and Europe. Customers in APAC prefer to buy small cars as they are affordable and economical to maintain. Moreover, the perception of achieving higher social acceptance by owning a car in China and India is expected to drive the sales of small cars that fit within the constrained budgets of the customers.

Further, the report states that one of the major factors hindering the growth of this market is difficulty in offering multiple features within microcars. The automotive industry is constantly being introduced to technological advances and rising levels of competition. The rising amount of electronic content in modern-day vehicles is making customers expect the same features within microcars. Microcars are made keeping the cost-sensitive population in mind. Hence, the production costs are strictly controlled by OEMs to offer the microcar models at competitive prices.



Companies Mentioned

Daimler, Toyota, General Motors, Honda, Renault, Mitsubishi Motors, and Fiat Automobiles.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Classification of cars
      • Table Classification of economy cars
      • Table Features of microcars
  • Market landscape
    • Market overview
      • Table Segmentation of global microcar market 2016-2021
    • Market size and forecast
      • Table Global microcar market 2016-2021 (thousands of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by engine type
    • Market segmentation by engine type
      • Table Market segmentation by engine type
      • Table Global microcar market segmentation by engine type 2016-2021 (thousands of units)
      • Table Global microcar market segmentation by engine type 2016-2021 (% share)
    • Global ICE microcar market
      • Table Global ICE microcar market 2016-2021 (thousands of units)
      • Table Examples of microcar models with an ICE
    • Global hybrid/electric engine microcar market
      • Table Global hybrid/electric engine microcar market 2016-2021 (thousands of units)
      • Table Examples of microcar models with electric/hybrid engines
  • Geographical segmentation
    • Global microcar market by geography
      • Table Global microcar market by geography 2016 (% share)
      • Table Global microcar market by geography 2016-2021 (thousands of units)
      • Table Global microcar market segmentation by geography 2016-2021 (% share)
    • Microcar market in APAC
      • Table Microcar market in APAC 2016-2021 (thousands of units)
    • Microcar market in the Americas
      • Table Microcar market in the Americas 2016-2021 (thousands of units)
    • Microcar market in Europe
      • Table Microcar market in Europe 2016-2021 (thousands of units)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table List of the top 10 European cities affected by traffic congestions per man-hours lost in 2016
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Loss of car ownership due to car sharing services 2016-2021(millions of units)
      • Table Subdivisions of road mode of public transportation
      • Table Subdivisions of rail mode of public transportation
      • Table Subdivisions of water mode of public transportation
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Table Estimated decline in the price of an average electric car battery pack 2016-2020 (in $)
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Daimler
      • Table Daimler: Business segmentation by revenue 2016 (% share)
      • Table Daimler: Geographical segmentation by revenue 2016 (% share)
      • Table Daimler: Recent developments
    • Toyota
      • Table Toyota: Business segmentation by revenue 2016 (% share)
      • Table Toyota: Geographical segmentation by revenue 2016 (% share)
      • Table Toyota: Recent developments
    • General Motors
      • Table General Motors: Business segmentation by revenue 2015 (% share)
      • Table General Motors: Geographical segmentation by revenue 2015 (% share)
      • Table General Motors: Recent developments
    • Honda
      • Table Honda: Business segmentation by revenue 2015 (% share)
      • Table Honda: Geographical segmentation by revenue 2015 (% share)
      • Table Honda: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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