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(Transportation-News.com, June 05, 2018 ) The report for Global Microcars Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
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the global microcars market will grow steadily and in terms of units, will post a CAGR of nearly 5.17% during the forecast period. The increased preference for affordable economic cars in APAC is one of the primary drivers for market growth. Automotive markets in APAC are cost-sensitive because of controlled spending habits, the lack of awareness about financial methods, and economic backwardness. Customers in APAC choose to buy small cars due to affordability and economical to maintain. Moreover, the perception of achieving high social acceptance by owning a car in China and India is projected to propel the sales of small cars. Furthermore, the availability of car finance at competitive rates and the rise in the disposable income are the chief reasons for growth in the penetration of cars in developing countries such as India. The increasing sales of passenger cars are projected to raise the demand for microcars in the developing countries since they are more affordable than the other cars.
One of the latest trends that will gain traction in the global microcars market is the decreasing prices of the batteries used in the electric microcars. Improvements in the battery manufacturing industry and the increasing sales of electric cars have led to the drop in the prices of electric car batteries, which in turn, has enabled the electric microcar manufacturers match the prices of gasoline microcar OEMs. The developments in the battery manufacturing and battery chemistry along with the increasing sales of electric cars have resulted in battery manufacturers pricing their products competitively to achieve maximum sales. Since the batteries are one of the major parts of electric cars the reduction in their prices reduces the overall cost of the vehicle, in turn fueling sales.
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.
Microcars Market Key Players :
Some of the prominent players in the microcars market are Groupe Renault, Aixam-Mega SAS, Toyota Motor Corporation, Hyundai Group, The Ford Motor Company, General Motors Company, Tata Group, Piaggio & C. SpA, Mitsubishi Corporation, Honda Motor Co., Ltd., Suzuki Motor Corporation, Volkswagen Group, Micro Cars Limited, and others. The above mentioned prominent players are focus on developing low carbon emission vehicle solution with advanced technology and expanding their production capacity to meet the growing market demand along with increasingly stating their support for future micro electric cars.
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Browse full report with Table of Content@ https://www.qyresearchgroups.com/report/global-microcars-market-report-history-and-forecast-2013-2025-breakdown-data-by-manufacturers-key-regions-types-and-application
This report provides:
Market Sizing estimations and forecasts for 7 years across the given market segments
Identifying market dynamics (Drivers, Restraints, Opportunities, Threats, Challenges and Opportunities,)
Strategic recommendations in key business segments based on the market estimations
Regional and country level market analysis
Competitive landscaping of major market players
Company profiling covering the financials, recent activities and the future strategies
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TOC :
Global Microcars Market Research Report 2018
1 Microcars Market Overview
1.1 Product Overview and Scope of Microcars
1.2 Microcars Segment by Type (Product Category)
1.2.1 Global Microcars Production and CAGR (%) Comparison by Type (Product Category)(2013-2025)
1.2.2 Global Microcars Production Market Share by Type (Product Category) in 2017
1.2.3 Fuel Cars
1.2.4 Electricity Cars
1.2.5 Hybrid Cars
1.3 Global Microcars Segment by Application
1.3.1 Microcars Consumption (Sales) Comparison by Application (2013-2025)
1.3.2 Personal
1.3.3 Commercial
1.4 Global Microcars Market by Region (2013-2025)
1.4.1 Global Microcars Market Size (Value) and CAGR (%) Comparison by Region (2013-2025)
1.4.2 United States Status and Prospect (2013-2025)
1.4.3 EU Status and Prospect (2013-2025)
1.4.4 China Status and Prospect (2013-2025)
1.4.5 Japan Status and Prospect (2013-2025)
1.4.6 South Korea Status and Prospect (2013-2025)
1.4.7 India Status and Prospect (2013-2025)
1.5 Global Market Size (Value) of Microcars (2013-2025)
1.5.1 Global Microcars Revenue Status and Outlook (2013-2025)
1.5.2 Global Microcars Capacity, Production Status and Outlook (2013-2025)
2 Global Microcars Market Competition by Manufacturers
2.1 Global Microcars Capacity, Production and Share by Manufacturers (2013-2018)
2.1.1 Global Microcars Capacity and Share by Manufacturers (2013-2018)
2.1.2 Global Microcars Production and Share by Manufacturers (2013-2018)
2.2 Global Microcars Revenue and Share by Manufacturers (2013-2018)
2.3 Global Microcars Average Price by Manufacturers (2013-2018)
2.4 Manufacturers Microcars Manufacturing Base Distribution, Sales Area and Product Type
2.5 Microcars Market Competitive Situation and Trends
2.5.1 Microcars Market Concentration Rate
2.5.2 Microcars Market Share of Top 3 and Top 5 Manufacturers
2.5.3 Mergers & Acquisitions, Expansion
3 Global Microcars Capacity, Production, Revenue (Value) by Region (2013-2018)
3.1 Global Microcars Capacity and Market Share by Region (2013-2018)
3.2 Global Microcars Production and Market Share by Region (2013-2018)
3.3 Global Microcars Revenue (Value) and Market Share by Region (2013-2018)
3.4 Global Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
3.5 United States Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
3.6 EU Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
3.7 China Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
3.8 Japan Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
3.9 South Korea Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
3.10 India Microcars Capacity, Production, Revenue, Price and Gross Margin (2013-2018)
4 Global Microcars Supply (Production), Consumption, Export, Import by Region (2013-2018)
4.1 Global Microcars Consumption by Region (2013-2018)
4.2 United States Microcars Production, Consumption, Export, Import (2013-2018)
4.3 EU Microcars Production, Consumption, Export, Import (2013-2018)
4.4 China Microcars Production, Consumption, Export, Import (2013-2018)
4.5 Japan Microcars Production, Consumption, Export, Import (2013-2018)
4.6 South Korea Microcars Production, Consumption, Export, Import (2013-2018)
4.7 India Microcars Production, Consumption, Export, Import (2013-2018)
5 Global Microcars Production, Revenue (Value), Price Trend by Type
5.1 Global Microcars Production and Market Share by Type (2013-2018)
5.2 Global Microcars Revenue and Market Share by Type (2013-2018)
5.3 Global Microcars Price by Type (2013-2018)
5.4 Global Microcars Production Growth by Type (2013-2018)
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