Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Microcars Market worth $49.00 billion by 2032 | MarketsandMarkets

This image opens in the lightbox

News provided by

MarketsandMarkets

05 May, 2025, 08:00 GMT

Share this article

Share toX

Share this article

Share toX

DELRAY BEACH, Fla., May 5, 2025 /PRNewswire/ -- The microcars market is projected to grow from USD 36.75 billion in 2025 to USD 49.00 billion by 2032 at a CAGR of 4.2%, according to a new report by MarketsandMarkets. The microcars market is expanding in Asia due to increased urbanization; population shifts from rural to urban areas, and the ongoing developments in electric & hybrid technology. Technological advancements in microcars, such as connected car features and integration of width adjustment technology, would increase the demand for advanced microcars.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117059235

Browse in-depth TOC on "Microcars Market"

219 - Tables 
74 - Figures
227 - Pages

The personal end-use application is estimated to account for the largest share of the microcars market in 2025.

According to MarketsandMarkets, at present, around 94% of microcars are being used for personal commutes. One of the major drivers for this growth is rising urbanization, which has resulted in increased city traffic and the lack of efficient public transportation to handle increased passenger volume. Microcars are short and compact, offer better options for short-distance commutes, and can be parked in a compact space. Most of the microcars used in China and Japan are used for short-distance travel and urban commuting; they serve as second vehicles for family members, especially in urban areas. Further, in Europe and the US, NEVs and quadricycles are more popular for personal use, mainly for urban commuting in cities where limited parking is available. Also, in Europe, license-accessible options for drivers above 16 years are driving the adoption of microcars among the younger population. The penetration of electric microcars is growing in Europe, Asia Pacific, and North America.

Electric microcars are sustainable and offer affordability to customers who are looking for economical transport alternatives. As these cars are primarily meant for city transit, they can be designed as pure battery electric cars, which will have negligible emissions and range issues. Currently, most battery electric microcars have a driving range from 60 km to 180 km on a full charge, which is sufficient for city transit. Thus, with growing electric microcar adoption and the rising popularity of microcars in urban areas for short-distance commutes, the market is expected to expand.

Quadricycles are projected to register the fastest growth in the microcars market by category during the forecast period.

Quadricycles include the L6 and L7 versions, which represent light and heavy quadricycles, respectively, in Europe and India. The light quadricycles (L6) are under 4 kW power output, whereas heavy quadricycles (L7) have power output in the range of 5-15 KW available in both ICE and electric propulsion. The quadricycles market in India is still low compared to other countries, as these vehicles are mostly used as taxis; the sales of these cars are mostly seen in the southern part of India. In Europe, L7 quadricycles are preferred due to their high power output compared to L6 and the smaller cost difference between L6 and L7. Several OEMs, such as Aixam and Ligier Group, offer ICE and Electric L7 quadricycles in the European market. Additionally, the Spanish government has approved the B1 license from January 2024 for customers who are 16 years old and who are allowed to drive an electric L7 quadricycle.

In India, only the Bajaj Qute is available under the L7 quadricycle category. However, several models are expected to be launched by OEMs like PMV Electric and Wings EV in the Indian market.

Asia is estimated to be the largest microcar market.

China, India, Japan, and South Korea have been considered for the microcars market analysis in Asia. The region leads the global microcars market due to the high demand for Chinese A00 vehicles and Japanese Kei cars. The lower initial and operating costs are also the key drivers for these vehicles in the region. China and Japan together account for more than 99% of the total regional market, with China having a share of 35.8% and Japan having a share of 64.1% in terms of value.

The Chinese microcars market has experienced growth in terms of developments in the charging infrastructure in the country. The A00 category vehicles have been fully electric since 2022. The growth of Kei cars is influenced by the developments in hybrid technology by Honda Motor Co., Ltd, Suzuki Motor Corporation, Toyota Motor Corporation, and Mitsubishi Motors Co., Ltd.

Key Market Microcars Industry:

Prominent players in the Microcars Companies include as SAIC-GM-Wuling (China), BYD Auto Co., Ltd. (China), Suzuki Motor Corporation (Japan), Honda Motor Corporation (Japan), Daihatsu Motor Co., Ltd. (Japan), Nissan Motor Co. Ltd. (Japan) and Mitsubishi Motors Co., Ltd. (Japan).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=117059235

This report provides insights on:

  • Analysis of key drivers (growing urbanization, developing electric vehicle charging infrastructure), restraints (higher costs restraining the adoption of microcars in emerging economies), opportunities (developments in connected cars and related technologies, growth in demand for last-mile delivery applications, and developments in mobility sharing services), and challenges (consumer skepticism related to safety and value worthiness to pose a challenge) influencing the microcars market
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and new products & services of the microcars market
  • Market Development: Comprehensive information about the lucrative market- analysis of the microcars market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the microcars market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like SAIC GM Wuling Automobile Co., Ltd. (China), BYD Auto Co., Ltd. (China), Suzuki Motor Corporation (Japan), Honda Motor Corporation (Japan), and Stellantis N.V. (Netherlands), among others in the microcars market.

Related Reports:

EBike Market

Electric 3 wheeler Market

Quadricycle Market

Get access to the latest updates on Microcars Companies and Microcars Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

Modal title

Also from this source

MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the eVTOL Aircraft Quadrant Report 2025

MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the eVTOL Aircraft Quadrant Report 2025

360Quadrants has released its latest eVTOL Aircraft Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants...

Food Lyophilization Equipment Market worth $1.60 billion by 2030 - Exclusive Report by MarketsandMarkets™

Food Lyophilization Equipment Market worth $1.60 billion by 2030 - Exclusive Report by MarketsandMarkets™

The food lyophilization market is projected to reach USD 1.19 billion in 2025 and USD 1.60 billion by 2030, registering a CAGR of 6.0 % during the...

More Releases From This Source

Explore

Transportation, Trucking & Railroad

Transportation, Trucking & Railroad

Automotive

Automotive

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.