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DATE
APR 2021
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HIGHLIGHTS & REPORT INDEX
Amid the COVID-19 crisis, the global market for Microcars estimated at US$50.5 Billion in the year 2020, is projected to reach a revised size of US$54.3 Billion by 2027, growing at a CAGR of 1% over the analysis period 2020-2027. Electricity Cars, one of the segments analyzed in the report, is projected to record a 1.1% CAGR and reach US$24.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid Cars segment is readjusted to a revised 1% CAGR for the next 7-year period.
The Microcars market in the U.S. is estimated at US$14.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.6 Billion by the year 2027 trailing a CAGR of 0.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.1% and 0.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
In the global Fuel Cars segment, USA, Canada, Japan, China and Europe will drive the 0.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.9 Billion in the year 2020 will reach a projected size of US$9.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.1 Billion by the year 2027.
SELECT PLAYERS
Daihatsu Motor Co., Ltd.; Daimler AG; Groupe PSA; Mahindra Electric Mobility Limited; Nissan Motor Co., Ltd.; Piaggio & C. Spa; Renault S.A.; Suzuki Motor Corporation; Tata Motors Limited; Toyota Motor Corporation
SEGMENTS
» Type (Electricity Cars, Hybrid Cars, Fuel Cars) » Application (Personal Cars, Commercial Cars)
GEOGRAPHIES
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
| I. METHODOLOGY |
| II. EXECUTIVE SUMMARY |
| 1. MARKET OVERVIEW |
| Influencer Market Insights |
| World Market Trajectories |
| Microcars - Pacing Up to Alter Global Auto Landscape |
| Recent Market Activity |
| Need for Businesses to Embrace Microcars |
| Consumer Perceptions - A Major Hindrance for Adoption of Microcars |
| Low Volumes and High Costs Lead to Higher Prices |
| Key Market Inhibitors |
| Safety Features |
| Urban and Rural Setting |
| Outlook |
| A Prelude |
| Global Automobile Production on a Growth Avenue |
| Opportunity Indicators |
| Expanding Automotive Production in Asia-Pacific |
| China & India to Play Important Role |
| Chinese Growth Cools Down but Still Growing at a Healthy Rate |
| India - A Promising Market for Small Cars |
| Impact of Covid-19 and a Looming Global Recession |
| 2. FOCUS ON SELECT PLAYERS |
| Daimler AG (Germany) |
| Mahindra Electric Mobility Limited (India) |
| Nissan Motor Co., Ltd. (Japan) |
| Groupe PSA (France) |
| Piaggio & C. Spa (Italy) |
| Renault S.A. (France) |
| Suzuki Motor Corporation (Japan) |
| Tata Motors Limited (India) |
| Toyota Motor Corporation (Japan) |
| Daihatsu Motor Co., Ltd. (Japan) |
| 3. MARKET TRENDS & DRIVERS |
| Microcars Go Electric |
| Growing Trend towards Small and Low-Speed Electric Vehicles |
| Fuel Efficiency and Vehicle Emission Standards Gain Increased Focus |
| Review of Green House Gas Emissions and Fuel Economy Standards for Vehicles Across the World |
| Hybrid Cars to Remain in Race in Near Term |
| Government Incentives Driving the Microelectric Car Segment |
| Changing Mobility Trends Affect Design Changes |
| Safety Aspect Remains High Priority among Consumers |
| Stringent Eco-Norms and Safety Rules to Increase Prices of Microcars |
| Adoption of E-Trikes Gains Momentum in Indonesia |
| Foray of Quadricycle Microcars in Israel |
| Small Engine Compact Cars to Witness Robust Demand |
| Convergence - A Highlighting Feature |
| Technologies Evolve to Revolutionize Driving Experience |
| In-Car Internet Connectivity - The Next Mega Trend |
| Marked Shifts in Automotive Value Chains |
| Emerging Markets to Drive Automotive Industry |
| Changing Perceptions of Transportation Bode Well for Microcars |
| Urban Transpiration Issues to the Fore |
| Advent of Innovative Technologies Fuel Demand for Sustainable Vehicles |
| Peek into Major Growth Drivers |
| High Fuel Prices |
| Government Efforts |
| Advanced Technology Plug-Ins |
| Endeavors by Vehicle Makers |
| 4. GLOBAL MARKET PERSPECTIVE |
| World Current & Future Analysis for Microcars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Microcars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Microcars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Electricity Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Electricity Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Electricity Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Hybrid Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Hybrid Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Hybrid Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Fuel Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Fuel Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Fuel Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Personal Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Personal Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Personal Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| World Current & Future Analysis for Commercial Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| World Historic Review for Commercial Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| World 15-Year Perspective for Commercial Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027 |
| III. MARKET ANALYSIS |
| UNITED STATES |
| USA Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| USA Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| USA 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| USA Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| USA Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| USA 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| CANADA |
| Canada Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Canada Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Canada 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Canada Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Canada Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Canada 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| JAPAN |
| Japan Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Japan Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Japan 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Japan Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Japan Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Japan 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| CHINA |
| China Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| China Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| China 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| China Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| China Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| China 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| EUROPE |
| Europe Current & Future Analysis for Microcars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Microcars by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Microcars by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027 |
| Europe Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Europe Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Europe Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Europe 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| FRANCE |
| France Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| France Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| France 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| France Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| France Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| France 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| GERMANY |
| Germany Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Germany Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Germany 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Germany Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Germany Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Germany 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| ITALY |
| Italy Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Italy Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Italy 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Italy Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Italy Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Italy 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| UNITED KINGDOM |
| UK Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| UK Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| UK 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| UK Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| UK Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| UK 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| REST OF EUROPE |
| Rest of Europe Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of Europe Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of Europe 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Rest of Europe Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of Europe Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of Europe 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| ASIA-PACIFIC |
| Asia-Pacific Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Asia-Pacific 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Asia-Pacific Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Asia-Pacific Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Asia-Pacific 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| REST OF WORLD |
| Rest of World Current & Future Analysis for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of World Historic Review for Microcars by Type - Electricity Cars, Hybrid Cars and Fuel Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of World 15-Year Perspective for Microcars by Type - Percentage Breakdown of Value Sales for Electricity Cars, Hybrid Cars and Fuel Cars for the Years 2012, 2020 & 2027 |
| Rest of World Current & Future Analysis for Microcars by Application - Personal Cars and Commercial Cars - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
| Rest of World Historic Review for Microcars by Application - Personal Cars and Commercial Cars Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
| Rest of World 15-Year Perspective for Microcars by Application - Percentage Breakdown of Value Sales for Personal Cars and Commercial Cars for the Years 2012, 2020 & 2027 |
| IV. COMPETITION |
| Total Companies Profiled: 31 |
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