Micro-Compact Cars Market will Reach 3170 Million US in 2025 & Growing at a CAGR of 2.8% from 2018

This study researches the market size of Micro-Compact Cars in United States, European Union and China, presents the Micro-Compact Cars production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.

A microcar is the smallest automobile classification, usually applied to very small cars (smaller than city cars). Such small cars were generally referred to as cyclecars until the 1940s. More recent models are also called bubble cars due to their bubble-shaped appearance.

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Over the last few years, as growing environmental concern, increasing fuel price as well as traffic congestion globally, the emphasis on improving transportation facilities began to gather more attention. Thus, automobile manufacturers are breaking their dependency on heavier car models and managing to develop comfortable, affordable, low carbon emissions as well as fuel consumption small vehicles such as microcars. Thus, these tiny cars are finding appeal among consumers offered as an alternative to combat road traffic congestion. Moreover, as the companies are introducing new models, the microcars are gaining more popularity and competitiveness in the market. In many developing countries such as India, microcars are used as public transportation. In the U.S., people who own three-wheel microcars are benefiting from safety regulations as these microcars are categorized as motorcycles. The primary benefits to owning microcars include taxes, insurance credits as well as special parking are the factors which as boost the microcars market in the near future.

In 2018, the market size of Micro-Compact Cars is 2550 million US$ and it will reach 3170 million US in 2025, growing at a CAGR of 2.8% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.

In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Micro-Compact Cars.

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In United States, European Union and China market, the following companies are covered:

Daimler AG

Mahindra Electric Mobility Limited

Nissan Motor Co., Ltd.

Groupe PSA

Piaggio & C. Spa

Renault S.A.

Suzuki Motor Corporation

Tata Motors Limited

Toyota Motor Corporation

Daihatsu Motor Co., Ltd.

Market Segment by Product Type

Electric

Petrol

Diesel

Hybrid

Market Segment by Application

Passenger

Utility

Key Regions split in this report:

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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The study objectives are:

To analyze and research the Micro-Compact Cars status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the key Micro-Compact Cars manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

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