There are roughly 253 million cars and trucks on U.S. roads, according to a recent study conducted by the Institute of Highway Safety (IHS) Automotive. In recent years, though, there's been a growing demand for small, "micro-sized" cars.
Microcars are automobiles designed with an exceptionally small body and frame. Because of their small size, they offer several key benefits over traditional full-sized automobiles. For instance, many regions offer tax incentives for consumers who buy and use microcars. Additionally, the small size of microcars allows consumers to park in tight areas that's not otherwise possible with a full-sized automobile.
These are just a few reasons why so many people are trading in their full-sized cars for a microcar.
Some of the common features found in microcars includes limited seats (typically one for the driver and one for a single passenger), one-wheel drive, basic suspensions, 6-to-8-inch road tires and 1-cylinder engine.
With only a 1-cylinder engine, microcars lack the power and performance of their full-sized counterparts. However, that's actually an advantage in certain circumstances. If an individual only needs to drive a short distance, a 1-cylinder microcar will suffice -- and it will consume less fuel during the process. Furthermore, microcars are quieter and produce less emissions than full-sized cars. You can learn more about the microcars market by checking out the following reports.
The Global Microcars Market Research 2017 report by The Market Reports is a comprehensive study of the global microcars market. With 112 pages, this report offers an in-depth analysis of the global microcars market and where it's headed. In this report, you'll find key data on the market's trends, classifications, chain structure, growth drivers, challenges and more.
Some of the key microcar vendors profiled in this report include Daihatsu, Suzuki Motor, Honda, Hyundai, Maruti, Nissan, Toyota Motor, Fiat, Psa, Daimler Ag, Renault S.A., Grecav Auto, Tata Motors, Changan, Zotye, Saic, Chery, Byd, Geely, Jac and others.
The 2017-2022 Global Top Countries Microcars Market report by The Market Reports is a second professional study of the global microcars market. Featuring 127 pages and spread across 16 chapters, it covers the market from all angles. While similar to the aforementioned report listed above, this report focuses heavily on the countries in which microcars are produced and used.
This report segments the global microcars market by several criteria. On the basis of product type, the market is segmented into electric, hybrid and fuel cars. On the basis of end-user applications, the market is segmented into personal and commercial. Finally, the report segments the global microcars market by geographic region, covering 17 regions in which microcars are commonly used. Each market segment is thoroughly scrutinized, revealing its projected sales, revenue, growth rate and market share from 2017 to 2022.