MarkNtel Advisors recently published a report, titled, ” Global Microcar Market By Propulsion (Internal Combustion Engine, Electric), By Fuel Type (Diesel, Petrol, Electric), By Drive Type (Four-wheeled, Two-wheeled & Three-wheeled), By End-User (Commercial, Passenger), Others. As per as the report The Global Microcar market is projected to grow at a CAGR of around 9.24% during the forecast period, i.e., 2023-28.
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Global Microcar Market Growth Opportunity:
Enhanced Demand from Shared Mobility Solution Providers – Shared mobility services is a fast-growing sector worldwide, with a focus on providing rental services to customers in mobility solutions. As owning a large fleet of full-sized cars not only increases the fixed cost of the services provider but also the cost premium for the customers as well, so many of the shared mobility providers have started opting for these cars to cater to the rapidly growing market of rental car services & reducing the cost of transportation through the usage of light-weight these cars.
Many companies, such as Squad, Micro Car Rental Private Limited, etc., are some of the prominent names in shared mobility solutions, which are including these cars. With the rise in the demand for rental cars, the need for the electric microcar category is expected to grow, further promoting the expansion of the market during 2023-2028.
Leading Companies in Global Microcar Market:
Daimler AG, Group PSA, Smart (Mercedes Benz), Nissan Motor Co. Ltd, Toyota Motor Company, Groupe Renault S.A., Honda Motor Company, General Motors, LIGER Group, Geely, Microlino, PMV Electric, Others.
Global Microcar Market Segmentation:
By Propulsion
-Internal Combustion Engine
-100-250cc
-251-500cc
-501 to 700cc
-Electric
By Fuel Type
-Diesel
-Petrol
-Electric
By Drive Type
-Four-wheeled
-Two-wheeled & Three-wheeled
By End-User
-Commercial
-Passenger
Get Full Access Of Global Microcar Market Report : https://www.marknteladvisors.com/research-library/microcar-market.html
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Microcar Market are:
- What is Global Microcar Market?
- What was the market size in 2023?
- What is the growth rate of the Global Microcar Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the Global Microcar Market?
- What segments are covered in the Market?
- Who are the key players in the Global Microcar Market?
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