Scope of the Study
Compact cars have high demand across the world, as it provides better fuel efficiency as well as easy to drive & parking in roads comprising of high traffic. Compact cars are those type of cars that are bigger than a supermini as well as smaller than a mid-sized car. Some of the compact cars are Volkswagen GTI, Kia Forte, Mazda Mazda3, Hyundai Veloster, Toyota Corolla, Hyundai Elantra, Volkswagen Golf, Volkswagen Jetta, Subaru Impreza, Subaru WRX, Nissan Sentra and others. Some of the major advantages of compact cars are have better fuel economy, easy to park, maneuver around tight spaces and others.
The market study is being classified, by Application (Private and Commercial) and major geographies with country level break-up.
Chevrolet (United States), Ford Motor (United States), General Motors (United States), Groupe PSA (France), Groupe Renault (France), Honda Motor Company, Ltd. (Japan), The Hyundai Motor Company (South Korea), Suzuki Motor Corporation (Japan), Toyota Motor Corporation (Japan), Volkswagen (Germany) and Chevrolet (United States) are some of the key players profiled in the study.
The market appears to be highly fragmented and with the presence of several companies including Chevrolet (United States), Ford Motor (United States), General Motors (United States), Groupe PSA (France), Groupe Renault (France), among others. Research Analyst at AMA predicts that United States and Germany Vendors will contribute to the maximum growth of Global Compact Cars market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Compact Cars market by Type, Application and Region.
On the basis of geography, the market of Compact Cars has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Demand for compact cars has increased, due to the increasing demand for the automotive industry. For instance, according to India Brand Equity Foundation, in 2018, India became the fourth largest auto market with sales increasing 8.3% year-on-year to 3.99 million units. Therefore, it will drive the market growth.
- Technology Advancement in Compact Cars
- Volatile Costs of Raw Materials
- Increasing Popularity of Automation in Automotive Sector
Key Target AudienceCompact Cars Manufactures, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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