Global Microcars Market to Grow at a CAGR of 2.69% by 2021 - OEMs Launching Microcars with Inflated Engine Capacity & Features - Research and Markets

News provided by

May 30, 2017, 07:40 ET

DUBLIN, May 30, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Microcars Market 2017-2021" report to their offering.

The global microcars market to grow at a CAGR of 2.69% during the period 2017-2021.

This report, Global Microcars Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is OEMs launching microcars with inflated engine capacity and features. OEMs are increasingly adding advanced features to microcars for negating the perception of microcars being labelled as cheap cars with an intention to sell them exclusively in the emerging countries. Also, OEMs are moving their focus from markets like China and India to countries like Thailand, Russia, Europe, and Brazil to increase their global market esence. For instance, General Motors postponed the launch of its compact vehicles that targeted the Indian and Chinese markets due to the underperformance of their compact car segments in these markets.

According to the report, one of the major drivers for this market is increased eference 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 efer 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.

Key vendors:

Daimler
Toyota
General Motors
Honda

Other prominent vendors:

Renault
Mitsubishi Motors
Fiat Automobiles

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by engine type

Part 07: Geographical segmentation

Part 08: Key leading countries

Part 09: Decision framework

Part 10: Drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

For more information about this report visit http://www.researchandmarkets.com/research/2jv89r/global_microcars

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets