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Dublin, Jan. 28, 2021 (GLOBE NEWSWIRE) -- The "Microcars - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering. Global Microcars market accounted for $2.30 billion in 2019 and is expected to reach $7.97 billion by 2027 growing at a CAGR of 16.8% during the forecast period. Rising development through rapid industrialization are the major factors propelling the market growth. However, the impact of COVID-19 on automotive sector is restraining the market growth.Microcar term is commonly utilized for the smallest size of cars with three or four wheels and often have engine lesser than 700cc. Some of the example of the microcar is bubble cars, quadricycles, cycle cars etc. Microcars have hassle-free registrations and licensing as compared to normal cars.Based on the drive, the all-wheel drive (AWD) segment is going to have a lucrative growth during the forecast period due to it helps increase fuel efficiency, improve traction, and control of the vehicle. Rise in demand for small and lightweight passenger vehicles in order to raise the fuel-efficiency of the vehicle is projected to boost the microcars market across the globe.By geography, Asia Pacific is estimated to have a lucrative growth due to high population, rising disposable income, cost sensitiveness owing to constrained spending habits. The customers in this region prefer to buy smaller cars as they are affordable and economical to maintain for middleclass people.What the Report offers: Market share assessments for the regional and country-level segmentsStrategic recommendations for the new entrantsCovers Market data for the years 2018, 2019 2020, 2024, and 2027Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)Strategic recommendations in key business segments based on the market estimationsCompetitive landscaping mapping the key common trendsCompany profiling with detailed strategies, financials, and recent developmentsSupply chain trends mapping the latest technological advancements Key Topics Covered: 1 Executive Summary2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.5 Research Sources 3 Market Trend Analysis3.1 Introduction 3.2 Drivers 3.3 Restraints 3.4 Opportunities 3.5 Threats 3.6 Application Analysis 3.7 Emerging Markets 3.8 Impact of Covid-19 4 Porters Five Force Analysis4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry 5 Global Microcars Market, By Wheel 5.1 Introduction 5.2 3-wheel Microcar 5.3 4-wheel Microcar 6 Global Microcars Market, By Fuel Type 6.1 Introduction 6.2 Electric 6.3 Hybrid 6.4 Petrol/Diesel 6.5 Alternate Fuel 7 Global Microcars Market, By Sales Channel 7.1 Introduction 7.2 Distribution Channel 7.3 Direct Channel 8 Global Microcars Market, By Drive 8.1 Introduction 8.2 2WD/1WD 8.3 All-Wheel Drive (AWD) 9 Global Microcars Market, By Application 9.1 Introduction 9.2 Commercial Cars 9.3 Personal Cars 10 Global Microcars Market, By Geography 10.1 Introduction 10.2 North America 10.2.1 US 10.2.2 Canada 10.2.3 Mexico 10.3 Europe 10.3.1 Germany 10.3.2 UK 10.3.3 Italy 10.3.4 France 10.3.5 Spain 10.3.6 Rest of Europe 10.4 Asia Pacific 10.4.1 Japan 10.4.2 China 10.4.3 India 10.4.4 Australia 10.4.5 New Zealand 10.4.6 South Korea 10.4.7 Rest of Asia Pacific 10.5 South America 10.5.1 Argentina 10.5.2 Brazil 10.5.3 Chile 10.5.4 Rest of South America 10.6 Middle East & Africa 10.6.1 Saudi Arabia 10.6.2 UAE 10.6.3 Qatar 10.6.4 South Africa 10.6.5 Rest of Middle East & Africa 11 Key Developments11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launch 11.4 Expansions 11.5 Other Key Strategies 12 Company Profiling12.1 BMW AG. 12.2 Daihatsu Motor Co. Ltd. 12.3 Hyundai 12.4 Daimler AG 12.5 Group PSA 12.6 Groupe Renault SA 12.7 Honda Motor Company 12.8 LIGIER Group. 12.9 Mahindra & Mahindra 12.10 Mazda Motor Corporation 12.11 Piaggio & C. Spa 12.12 Subaru 12.13 Suzuki Motor Corporation 12.14 Tata Motors 12.15 Toyota Motor CorporationFor more information about this report visit https://www.researchandmarkets.com/r/bvuk09 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com 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