Global Microcars Sales Market Research Report 2018

This report studies the global Microcars market status and forecast, categorizes the global Microcars market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Microcar is a classification which encompasses the smallest automobiles which are only designed to seat two or sometimes even just one person. They are even smaller than traditional city cars or subcompacts whose diminutive size makes them ideal for high-density urban areas where traffic and inaccessible parking spaces are a constant problem.

The Microcars industry is not highly concentrated, there are more than thirty manufacturers in the world, and high-end products mainly come from Japan and Europe.

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In the world wide, major manufactures mainly are Daihatsu, Fiat, Suzuki Motor and Honda etc.

Europe and Asia are the largest consumers of Microcars and are expected to retain the higher growth rate during the next five years due to strong growth in demand. Japan and India have witnessed a major chunk of the production and consumption of Microcars in the Asia Pacific region. Actually, that is why manufacturers have several plants, usually close to aimed demand market.

The import and export business of this industry is not frequent. The main reason lies in that many international manufacturers expand their business through building factories or investments in targeted markets. Also, many major players have built up plants in developing countries, like India and Thailand.

Due to the advantage on price and practicability, microcars are popular in Japan, Europe and some other developing countries. In future, developing countries will provide a great power to the development of microcars. What’s more, the development of electric vehicle should be another driving factor to the microcars industry.

We tend to believe this industry now is close to mature, and the demand increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The global Microcars market is valued at 51600 million US$ in 2017 and will reach 55100 million US$ by the end of 2025, growing at a CAGR of 0.8% during 2018-2025.

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This release was published on openPR.