Microcars Market
PUBLISHED: 2020 ID: SMRC20177
SHARE
SHARE

Microcars Market

Microcars - Global Market Outlook (2019 -2027)

4.8 (73 reviews)
4.8 (73 reviews)
Published: 2020 ID: SMRC20177

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Microcars Market is accounted for $2.30 billion in 2019 and is expected to reach $7.97 billion by 2027 growing at a CAGR of 16.8% during the forecast period. Expansion of the construction industry and rising development through rapid industrialization are the major factors propelling the market growth. However, the impact of COVID-19 on automotive sector is restraining the market growth.

Slide109_400x200.png

Microcar term is commonly utilized for the smallest size of cars with three or four wheels and often have engine lesser than 700cc. Some of the example of the microcar is bubble cars, quadricycles, cycle cars etc. Microcars have hassle-free registrations and licensing as compared to normal cars.

Based on the drive, the all-wheel drive (AWD) segment is going to have a lucrative growth during the forecast period due to it helps increase fuel efficiency, improve traction, and control of the vehicle. Rise in demand for small and lightweight passenger vehicles in order to raise the fuel-efficiency of the vehicle is projected to boost the microcars market across the globe.

By geography, Asia Pacific is estimated to have a lucrative growth due to high population, rising disposable income, cost sensitiveness owing to constrained spending habits. The customers in this region prefer to buy smaller cars as they are affordable and economical to maintain for middleclass people.

Some of the key players profiled in the Microcars Market include BMW AG., Daihatsu Motor Co. Ltd., Hyundai, Daimler AG, Group PSA, Groupe Renault SA, Honda Motor Company, LIGIER Group., Mahindra & Mahindra, Mazda Motor Corporation, Piaggio & C. Spa, Subaru, Suzuki Motor Corporation, Tata Motors, and Toyota Motor Corporation.

Wheels Covered:
• 3-wheel Microcar
• 4-wheel Microcar

Fuel Types Covered:
• Electric
• Hybrid
• Petrol/Diesel
• Alternate Fuel

Sales Channels Covered:
• Distribution Channel
• Direct Channel

Drives Covered:
• 2WD/1WD
• All-Wheel Drive (AWD)

Applications Covered:
• Commercial Cars
• Personal Cars

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface    
   
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach     
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities      
 3.5 Threats      
 3.6 Application Analysis    
 3.7 Emerging Markets     
 3.8 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Microcars Market, By Wheel    
 5.1 Introduction     
 5.2 3-wheel Microcar     
 5.3 4-wheel Microcar     
        
6 Global Microcars Market, By Fuel Type    
 6.1 Introduction     
 6.2 Electric      
 6.3 Hybrid      
 6.4 Petrol/Diesel     
 6.5 Alternate Fuel     
        
7 Global Microcars Market, By Sales Channel   
 7.1 Introduction     
 7.2 Distribution Channel    
 7.3 Direct Channel      
        
8 Global Microcars Market, By Drive    
 8.1 Introduction     
 8.2 2WD/1WD     
 8.3 All-Wheel Drive (AWD)    
        
9 Global Microcars Market, By Application    
 9.1 Introduction     
 9.2 Commercial Cars     
 9.3 Personal Cars     
        
10 Global Microcars Market, By Geography    
 10.1 Introduction     
 10.2 North America     
  10.2.1 US     
  10.2.2 Canada     
  10.2.3 Mexico     
 10.3 Europe      
  10.3.1 Germany     
  10.3.2 UK     
  10.3.3 Italy      
  10.3.4 France     
  10.3.5 Spain     
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan     
  10.4.2 China     
  10.4.3 India     
  10.4.4 Australia     
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil     
  10.5.3 Chile     
  10.5.4 Rest of South America   
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia    
  10.6.2 UAE     
  10.6.3 Qatar     
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa   
        
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 11.2 Acquisitions & Mergers    
 11.3 New Product Launch    
 11.4 Expansions     
 11.5 Other Key Strategies    
        
12 Company Profiling      
 12.1 BMW AG.      
 12.2 Daihatsu Motor Co. Ltd.    
 12.3 Hyundai      
 12.4 Daimler AG     
 12.5 Group PSA     
 12.6 Groupe Renault SA     
 12.7 Honda Motor Company    
 12.8 LIGIER Group.     
 12.9 Mahindra & Mahindra    
 12.10 Mazda Motor Corporation    
 12.11 Piaggio & C. Spa     
 12.12 Subaru      
 12.13 Suzuki Motor Corporation    
 12.14 Tata Motors     
 12.15 Toyota Motor Corporation    


List of Tables       
1 Global Microcars Market Outlook, By Region (2018-2027) ($MN) 
2 Global Microcars Market Outlook, By Wheel (2018-2027) ($MN) 
3 Global Microcars Market Outlook, By 3-wheel Microcar (2018-2027) ($MN)
4 Global Microcars Market Outlook, By 4-wheel Microcar (2018-2027) ($MN)
5 Global Microcars Market Outlook, By Fuel Type (2018-2027) ($MN) 
6 Global Microcars Market Outlook, By Electric (2018-2027) ($MN) 
7 Global Microcars Market Outlook, By Hybrid (2018-2027) ($MN) 
8 Global Microcars Market Outlook, By Petrol/Diesel (2018-2027) ($MN) 
9 Global Microcars Market Outlook, By Alternate Fuel (2018-2027) ($MN) 
10 Global Microcars Market Outlook, By Sales Channel (2018-2027) ($MN) 
11 Global Microcars Market Outlook, By Distribution Channel (2018-2027) ($MN)
12 Global Microcars Market Outlook, By Direct Channel (2018-2027) ($MN) 
13 Global Microcars Market Outlook, By Drive (2018-2027) ($MN)  
14 Global Microcars Market Outlook, By 2WD/1WD (2018-2027) ($MN) 
15 Global Microcars Market Outlook, By All-Wheel Drive (AWD) (2018-2027) ($MN)
16 Global Microcars Market Outlook, By Application (2018-2027) ($MN) 
17 Global Microcars Market Outlook, By Commercial Cars (2018-2027) ($MN)
18 Global Microcars Market Outlook, By Personal Cars (2018-2027) ($MN) 
19 North America Microcars Market Outlook, By Country (2018-2027) ($MN) 
20 North America Microcars Market Outlook, By Wheel (2018-2027) ($MN) 
21 North America Microcars Market Outlook, By 3-wheel Microcar (2018-2027) ($MN)
22 North America Microcars Market Outlook, By 4-wheel Microcar (2018-2027) ($MN)
23 North America Microcars Market Outlook, By Fuel Type (2018-2027) ($MN)
24 North America Microcars Market Outlook, By Electric (2018-2027) ($MN) 
25 North America Microcars Market Outlook, By Hybrid (2018-2027) ($MN) 
26 North America Microcars Market Outlook, By Petrol/Diesel (2018-2027) ($MN)
27 North America Microcars Market Outlook, By Alternate Fuel (2018-2027) ($MN)
28 North America Microcars Market Outlook, By Sales Channel (2018-2027) ($MN)
29 North America Microcars Market Outlook, By Distribution Channel (2018-2027) ($MN)
30 North America Microcars Market Outlook, By Direct Channel (2018-2027) ($MN)
31 North America Microcars Market Outlook, By Drive (2018-2027) ($MN) 
32 North America Microcars Market Outlook, By 2WD/1WD (2018-2027) ($MN)
33 North America Microcars Market Outlook, By All-Wheel Drive (AWD) (2018-2027) ($MN)
34 North America Microcars Market Outlook, By Application (2018-2027) ($MN)
35 North America Microcars Market Outlook, By Commercial Cars (2018-2027) ($MN)
36 North America Microcars Market Outlook, By Personal Cars (2018-2027) ($MN)
37 Europe Microcars Market Outlook, By Country (2018-2027) ($MN) 
38 Europe Microcars Market Outlook, By Wheel (2018-2027) ($MN) 
39 Europe Microcars Market Outlook, By 3-wheel Microcar (2018-2027) ($MN)
40 Europe Microcars Market Outlook, By 4-wheel Microcar (2018-2027) ($MN)
41 Europe Microcars Market Outlook, By Fuel Type (2018-2027) ($MN) 
42 Europe Microcars Market Outlook, By Electric (2018-2027) ($MN) 
43 Europe Microcars Market Outlook, By Hybrid (2018-2027) ($MN) 
44 Europe Microcars Market Outlook, By Petrol/Diesel (2018-2027) ($MN) 
45 Europe Microcars Market Outlook, By Alternate Fuel (2018-2027) ($MN) 
46 Europe Microcars Market Outlook, By Sales Channel (2018-2027) ($MN) 
47 Europe Microcars Market Outlook, By Distribution Channel (2018-2027) ($MN)
48 Europe Microcars Market Outlook, By Direct Channel (2018-2027) ($MN) 
49 Europe Microcars Market Outlook, By Drive (2018-2027) ($MN) 
50 Europe Microcars Market Outlook, By 2WD/1WD (2018-2027) ($MN) 
51 Europe Microcars Market Outlook, By All-Wheel Drive (AWD) (2018-2027) ($MN)
52 Europe Microcars Market Outlook, By Application (2018-2027) ($MN) 
53 Europe Microcars Market Outlook, By Commercial Cars (2018-2027) ($MN)
54 Europe Microcars Market Outlook, By Personal Cars (2018-2027) ($MN) 
55 Asia Pacific Microcars Market Outlook, By Country (2018-2027) ($MN) 
56 Asia Pacific Microcars Market Outlook, By Wheel (2018-2027) ($MN) 
57 Asia Pacific Microcars Market Outlook, By 3-wheel Microcar (2018-2027) ($MN)
58 Asia Pacific Microcars Market Outlook, By 4-wheel Microcar (2018-2027) ($MN)
59 Asia Pacific Microcars Market Outlook, By Fuel Type (2018-2027) ($MN) 
60 Asia Pacific Microcars Market Outlook, By Electric (2018-2027) ($MN) 
61 Asia Pacific Microcars Market Outlook, By Hybrid (2018-2027) ($MN) 
62 Asia Pacific Microcars Market Outlook, By Petrol/Diesel (2018-2027) ($MN)
63 Asia Pacific Microcars Market Outlook, By Alternate Fuel (2018-2027) ($MN)
64 Asia Pacific Microcars Market Outlook, By Sales Channel (2018-2027) ($MN)
65 Asia Pacific Microcars Market Outlook, By Distribution Channel (2018-2027) ($MN)
66 Asia Pacific Microcars Market Outlook, By Direct Channel (2018-2027) ($MN)
67 Asia Pacific Microcars Market Outlook, By Drive (2018-2027) ($MN) 
68 Asia Pacific Microcars Market Outlook, By 2WD/1WD (2018-2027) ($MN) 
69 Asia Pacific Microcars Market Outlook, By All-Wheel Drive (AWD) (2018-2027) ($MN)
70 Asia Pacific Microcars Market Outlook, By Application (2018-2027) ($MN) 
71 Asia Pacific Microcars Market Outlook, By Commercial Cars (2018-2027) ($MN)
72 Asia Pacific Microcars Market Outlook, By Personal Cars (2018-2027) ($MN)
73 South America Microcars Market Outlook, By Country (2018-2027) ($MN) 
74 South America Microcars Market Outlook, By Wheel (2018-2027) ($MN) 
75 South America Microcars Market Outlook, By 3-wheel Microcar (2018-2027) ($MN)
76 South America Microcars Market Outlook, By 4-wheel Microcar (2018-2027) ($MN)
77 South America Microcars Market Outlook, By Fuel Type (2018-2027) ($MN)
78 South America Microcars Market Outlook, By Electric (2018-2027) ($MN) 
79 South America Microcars Market Outlook, By Hybrid (2018-2027) ($MN) 
80 South America Microcars Market Outlook, By Petrol/Diesel (2018-2027) ($MN)
81 South America Microcars Market Outlook, By Alternate Fuel (2018-2027) ($MN)
82 South America Microcars Market Outlook, By Sales Channel (2018-2027) ($MN)
83 South America Microcars Market Outlook, By Distribution Channel (2018-2027) ($MN)
84 South America Microcars Market Outlook, By Direct Channel (2018-2027) ($MN)
85 South America Microcars Market Outlook, By Drive (2018-2027) ($MN) 
86 South America Microcars Market Outlook, By 2WD/1WD (2018-2027) ($MN)
87 South America Microcars Market Outlook, By All-Wheel Drive (AWD) (2018-2027) ($MN)
88 South America Microcars Market Outlook, By Application (2018-2027) ($MN)
89 South America Microcars Market Outlook, By Commercial Cars (2018-2027) ($MN)
90 South America Microcars Market Outlook, By Personal Cars (2018-2027) ($MN)
91 Middle East & Africa Microcars Market Outlook, By Country (2018-2027) ($MN)
92 Middle East & Africa Microcars Market Outlook, By Wheel (2018-2027) ($MN)
93 Middle East & Africa Microcars Market Outlook, By 3-wheel Microcar (2018-2027) ($MN)
94 Middle East & Africa Microcars Market Outlook, By 4-wheel Microcar (2018-2027) ($MN)
95 Middle East & Africa Microcars Market Outlook, By Fuel Type (2018-2027) ($MN)
96 Middle East & Africa Microcars Market Outlook, By Electric (2018-2027) ($MN)
97 Middle East & Africa Microcars Market Outlook, By Hybrid (2018-2027) ($MN)
98 Middle East & Africa Microcars Market Outlook, By Petrol/Diesel (2018-2027) ($MN)
99 Middle East & Africa Microcars Market Outlook, By Alternate Fuel (2018-2027) ($MN)
100 Middle East & Africa Microcars Market Outlook, By Sales Channel (2018-2027) ($MN)
101 Middle East & Africa Microcars Market Outlook, By Distribution Channel (2018-2027) ($MN)
102 Middle East & Africa Microcars Market Outlook, By Direct Channel (2018-2027) ($MN)
103 Middle East & Africa Microcars Market Outlook, By Drive (2018-2027) ($MN)
104 Middle East & Africa Microcars Market Outlook, By 2WD/1WD (2018-2027) ($MN)
105 Middle East & Africa Microcars Market Outlook, By All-Wheel Drive (AWD) (2018-2027) ($MN)
106 Middle East & Africa Microcars Market Outlook, By Application (2018-2027) ($MN)
107 Middle East & Africa Microcars Market Outlook, By Commercial Cars (2018-2027) ($MN)
108 Middle East & Africa Microcars Market Outlook, By Personal Cars (2018-2027) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials