What is Family Car?
A family car is described as a vehicle that can transport multiple passengers and perform functions common to family life, such as running errands and dropping the kids off at soccer practise or taking a road trip. Vehicles with two or three rows of seats, SUVs, waggons, and minivans all fall under this category. Almost every American, European, and Japanese automaker produces a family vehicle. A smaller 4-door or waggon might suffice if you have a family of three or four. A 4-door sedan provides easy access to the 2nd row for a car seat or travel bag, while a waggon allows you to slip bulkier things in without taking up room in the main cabin. The market for Family car has increased all over the world. With globalization there are various companies which provide top notch cars across the world.
The market study is broken down by Type (Minivan, Sedan, SUV and Hatchback) and major geographies with country level break-up.
The market is fragmented with various global players present in the market. The global players are trying to capture various markets and are continuously working on product innovation and also using various Strategic techniques. Various global companies are also focusing on the Electric cars. Research Analyst at AMA estimates that Vendors from Germany will contribute to the maximum growth of Global Family Car market throughout the predicted period.
Toyota (Japan), Volkswagen (Germany), Daimler AG (Germany), Honda Motors (Japan), Chevrolet (United States), BMW (Germany), Audi (Germany), Ford Motor (United States), TATA Motors (India), Nissan Motor (Japan), Kia (South Korea) and Maruti Suzuki (India) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Family Car market by Type, Application and Region.
On the basis of geography, the market of Family Car has been segmented into . If we see Market by Seating Capacity, the sub-segment i.e. Upto 5 will boost the Family Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Engine Capacity, the sub-segment i.e. Less than 1000cc will boost the Family Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Transmission Type, the sub-segment i.e. Manual will boost the Family Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Diesel will boost the Family Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
November 2020 – Toyota Launched its new model of Innova Crysta in India, October 2020 – Audi Launched their New Audi Q7 2020. and January 2021 – Tata Motors unveiled Tata Altroz iTurbo. The turbo-variant of Altroz hatchback
- Growing Trend of Road Trips
- Increasing Urbanization and Rising Standard of Living
- Gradual Shift from Transportation to Comfortable/Convenient Transportation, And From Convenient Transportation to Luxurious and Safe Transportation
- Improved Fuel Economy and Reduced Exhaust Emissions
- Increasing Demand for Electric Vehicles in Developed Regions
- High Competition Among Players
Key Target AudienceAutomobiles Manufacturers, Suppliers of Automobiles, Automobiles Industry and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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