Automotive Market

PUBLISHER: The Business Research Company | PRODUCT CODE: 1392778

PUBLISHER: The Business Research Company | PRODUCT CODE: 1392778

Minivans Global Market Report 2024

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Description

“Minivans Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on minivans market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for minivans? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The minivans market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Plug-In Minivan; Hybrid Minivan; Mini MPV; Compact MPV; Large MPV
2) By Fuel Type: Diesel; Petrol, Electric; Other Fuel Types
3) By Application: Commercial Vehicle; Passenger Vehicle
Companies Mentioned: Shanghai Automotive Industry Corporation; Nissan Motor Co Ltd.; Toyota Motor Corporation; Honda Motor Co Ltd.; Ford Motor Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Minivans are larger vehicles designed to accommodate more passengers compared to regular cars. These vehicles feature a higher roof, high H-point seating for passengers, and sliding doors, making them suitable for transporting passengers or goods. Minivans often allow for the removal of rear seats, converting them into cargo carriers or delivery vehicles.

The main types of minivans include plug-in minivans, hybrid minivans, mini MPVs (Multi-Purpose Vehicles), compact MPVs, and large MPVs. Plug-in minivans utilize external energy sources to power batteries through cables. They are equipped with an internal battery that can be charged by plugging it into an electric cable at a charging station. Minivans can run on various fuel types, including diesel, petrol, electricity, and others. These vehicles find applications in both commercial and passenger transport.

The minivan market research report is one of a series of new reports from The Business Research Company that provides minivan market statistics, including global minivan industry size, regional shares, competitors with market share, detailed minivan market segments, market trends, and opportunities, and any further data you may need to thrive in the minivan industry. This minivan market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The minivans market size has grown steadily in recent years. It will grow from $103. 17 billion in 2023 to $106. 75 billion in 2024 at a compound annual growth rate (CAGR) of 3. 5%. The growth observed in the historical period can be attributed to factors such as changing consumer preferences, an increase in the demand for versatile and multi-purpose vehicles, the adoption of minivans by families for their passenger and cargo capacity, the growth in suburban and family-oriented lifestyles, and marketing efforts emphasizing safety features and family-friendly designs.

The minivans market size is expected to see steady growth in the next few years. It will grow to $124. 35 billion in 2028 at a compound annual growth rate (CAGR) of 3. 9%. The anticipated growth in the forecast period can be attributed to factors such as the integration of advanced connectivity and entertainment features in minivans, a growing emphasis on interior flexibility and modular seating arrangements, the rise in the shared mobility and ride-sharing industry with minivans, the adoption of autonomous driving technologies in minivan designs, and an increase in the demand for electric and hybrid minivan models. Major trends expected in the forecast period include the development of more compact and fuel-efficient minivans, an emphasis on luxury features and premium interiors, the use of lightweight materials and aerodynamic designs for improved efficiency, customization of minivans for specialized applications, and collaborative efforts between automakers and technology companies.

The minivan market is poised for growth, driven by the increasing demand for electric vehicles. Electric minivans are gaining popularity as consumers seek environmentally friendly options that reduce fuel costs while accommodating more passengers and cargo. The International Energy Agency (IEA) reported a 43% increase in global electric vehicles on the road in 2020, reaching 10 million units. The percentage of electric cars in total car sales also rose from 9% in 2021 to 14% in 2022, highlighting the surge in demand for electric vehicles and, consequently, propelling the growth of the minivan market.

The aging population is identified as another factor propelling the growth of the minivan market. As the global population ages, there is an increasing need for comfortable and accessible transportation. Minivans are well-suited to meet the mobility challenges of the elderly, providing ample space for caregivers and medical equipment. The World Health Organization projects a significant increase in the global population aged 60 and older, from 1 billion in 2020 to 1. 4 billion by 2030. By 2050, this demographic is expected to double, reaching 2. 1 billion. The minivan market responds to the demands of an aging population by offering practical and accommodating transportation solutions.

Technological advancements are a key trend in the minivan market, with major players focusing on incorporating advanced technologies to maintain a competitive edge. Toyota, for example, introduced fourth-generation Noah and Voxy minivans in Japan equipped with advanced driving support technologies, including features like advanced park with remote function and advanced drive support during traffic congestion. These technological innovations enhance the safety and performance of minivans, contributing to the overall growth of the market.

Major companies operating in the minivan market are introducing new models to meet specific needs, such as the Hyundai Staria Kinder, designed for safe and eco-friendly transportation. Launched in South Korea, the Staria Kinder is available in 11 or 15-seat configurations and is powered by Autogas to align with eco-friendly policies. The minivan includes safety features tailored for transporting children, along with advanced safety technologies like autonomous emergency braking and lane-keeping assist.

In May 2022, Mahindra & Mahindra, an India-based automotive manufacturer, partnered with Volkswagen to utilize MEB electric components for its new Born Electric Platform. This strategic partnership aims to electrify the automotive market in India, with Volkswagen, a Germany-based motor vehicle manufacturer, contributing battery system components, electric motors, and battery cells.

Major companies operating in the in the minivans market report are Shanghai Automotive Industry Corporation, Nissan Motor Co Ltd., Toyota Motor Corporation, Honda Motor Co Ltd., Ford Motor Company, Hyundai Motor Company, Kia Corporation, General Motors Company, Daimler AG, Mahindra Group, Suzuki Motor Corporation, Bayerische Motoren Werke AG, Volkswagenwerk GmbH, Tata Motors Ltd., Stellantis NV, Chrysler Group LLC, Dodge Brothers Motor Company, Chevrolet, Fabbrica Italiana Automobili Torino, Auto Union AG, Peugeot Societe Anonyme, Automobiles Citroen, Renault SA, Mitsubishi Corporation, Mazda Motor Corporation, Subaru Corporation, Buick Auto-Vim and Power Company, Cadillac Motor Car Division, General Motors Truck Company, Acura, Infiniti Motor Company

Asia-Pacific was the largest region in the minivan market in 2023. The regions covered in the minivans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the minivans market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The minivan market consists of sales of electric drive and control system, driving force transmission and other mechanical systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10466

1. Executive Summary

2. Minivans Market Characteristics

3. Minivans Market Trends And Strategies

4. Minivans Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Minivans Market Size and Growth

5.1. Global Minivans Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Minivans Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Minivans Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Minivans Market Segmentation

6.1. Global Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Plug-In Minivan
Hybrid Minivan
Mini MPV
Compact MPV
Large MPV
6.2. Global Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Diesel
Petrol, Electric
Other Fuel Types
6.3. Global Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial Vehicle
Passenger Vehicle

7. Minivans Market Regional And Country Analysis

7.1. Global Minivans Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Minivans Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Minivans Market

8.1. Asia-Pacific Minivans Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Minivans Market

9.1. China Minivans Market Overview
9.2. China Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Minivans Market

10.1. India Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Minivans Market

11.1. Japan Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Minivans Market

12.1. Australia Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Minivans Market

13.1. Indonesia Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Minivans Market

14.1. South Korea Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Minivans Market

15.1. Western Europe Minivans Market Overview
15.2. Western Europe Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Minivans Market

16.1. UK Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Minivans Market

17.1. Germany Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Minivans Market

18. 5. France Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Minivans Market

19. 9. Italy Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Minivans Market

20.13. Spain Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Minivans Market

21.1. Eastern Europe Minivans Market Overview
21.2. Eastern Europe Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Minivans Market

22.1. Russia Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Minivans Market

23.1. North America Minivans Market Overview
23.2. North America Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Minivans Market

24.1. USA Minivans Market Overview
24.2. USA Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Minivans Market

25.1. Canada Minivans Market Overview
25.2. Canada Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Minivans Market

26.1. South America Minivans Market Overview
26.2. South America Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Minivans Market

27.1. Brazil Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Minivans Market

28.1. Middle East Minivans Market Overview
28.2. Middle East Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Minivans Market

29.1. Africa Minivans Market Overview
29.2. Africa Minivans Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Minivans Market, Segmentation By Fuel Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Minivans Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Minivans Market Competitive Landscape And Company Profiles

30.1. Minivans Market Competitive Landscape
30.2. Minivans Market Company Profiles
- 30.2.1. Shanghai Automotive Industry Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Nissan Motor Co Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Toyota Motor Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Honda Motor Co Ltd.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Ford Motor Company
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Minivans Market Competitive Benchmarking

32. Global Minivans Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Minivans Market

34. Minivans Market Future Outlook and Potential Analysis

34.1 Minivans Market In 2028 - Countries Offering Most New Opportunities
34.2 Minivans Market In 2028 - Segments Offering Most New Opportunities
34. 3 Minivans Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer

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