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Mini Cars - Algeria

Algeria
  • Revenue in the Mini Cars market is projected to reach US$220m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.24%, resulting in a projected market volume of US$246m by 2029.
  • Mini Cars market unit sales are expected to reach 19.1k vehicles in 2029.
  • The volume weighted average price of Mini Cars market in 2024 is expected to amount to US$13k.
  • From an international perspective it is shown that the most revenue will be generated China (US$7bn in 2024).

The Mini Cars Market segment includes economy passenger cars of an average footprint around 3.35m2 (36 ft2), an average mass around 1000kg (2250lbs) and passenger/cargo volume less then 2.4m3 (around 85 ft3). Although it is considered the market with the lowest-priced models, prices in the Mini Cars segment are comparable to those of small cars. All key figures shown represent the sales of new mini cars in the basic configuration in the respective year. Used vehicles are not taken into account, nor is adapted equipment for the new cars sold. The prices and revenues shown as well as the distribution of connectivity, drive types, autonomy levels, and average CO2 emissions are accordingly based on the basic models.

  • European Car Segment: A (Mini Cars)
  • US Car Segment: Minicompact Cars
  • Chinese Car Segment: Category A
  • Also known as: City Cars, Microcars

Example models: Daihatsu Sirion, Fiat 500, Fiat Panda, Hyundai i10, Kia Picanto, Mini Cooper, Nissan Micra, Renault Twingo, Smart EQ fortwo.

In-Scope

  • Economy passenger cars - Mini cars

Out-Of-Scope

  • Mini MPVs
Mini Cars: market data & analysis - Cover

Market Insights report

Mini Cars: market data & analysis

Study Details

    Unit Sales

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

    Most recent update: Mar 2024

    Analyst Opinion

    The Mini Cars market in Algeria has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

    Customer preferences in Algeria have shifted towards smaller, more fuel-efficient vehicles, which has driven the demand for mini cars. With rising fuel prices and the desire for cost-effective transportation, consumers are opting for compact cars that offer better fuel efficiency. Additionally, mini cars are easier to maneuver in the congested urban areas of Algeria, making them a popular choice among city dwellers.

    Trends in the market also indicate a growing demand for mini cars in Algeria. The compact size of these vehicles makes them suitable for navigating narrow streets and parking in tight spaces. Furthermore, mini cars often come equipped with advanced features and technology, appealing to tech-savvy consumers.

    The affordability of mini cars compared to larger vehicles is also a contributing factor to their increasing popularity in the Algerian market. Local special circumstances in Algeria have further fueled the growth of the mini cars market. The country has a young and rapidly growing population, with a significant portion of the population entering the workforce.

    As a result, there is an increasing need for affordable and efficient transportation options, making mini cars an attractive choice for many Algerians. Additionally, the government has implemented policies and incentives to promote the use of smaller, more fuel-efficient vehicles, further driving the demand for mini cars. Underlying macroeconomic factors have also played a role in the development of the mini cars market in Algeria.

    The country has experienced stable economic growth in recent years, resulting in an increase in disposable income for many consumers. This has allowed more individuals to afford personal vehicles, leading to a higher demand for mini cars. Additionally, the government's focus on infrastructure development, particularly in urban areas, has improved road conditions and accessibility, further supporting the growth of the mini cars market.

    In conclusion, the Mini Cars market in Algeria is experiencing significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers prioritize fuel efficiency, affordability, and maneuverability, mini cars have become a popular choice in the Algerian market. With a young and growing population, along with government support and improving economic conditions, the mini cars market in Algeria is expected to continue its upward trajectory.

    Technical Specifications

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Notes: Level 0: No automation and very limited driver assistance in the form of automatic emergency braking or blind-spot warning. Level 1: Driver assistance such as cruise control or lane centering. Level 2: Partial automation, including brake and steering support. Level 3: Conditional automation in which the vehicle can perform most driving tasks. In certain scenarios, human intervention is still needed.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Price

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on the sales of new passenger cars. Data on the specifications of the sold vehicles is based on the base models of the respective makes.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use company reports and websites, vehicle registries, car dealers, and environment agencies among other sources. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and car stock per capita. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, we use the ARIMA model for the Passenger Cars market. The main drivers are GDP per capita and consumer spending per capita.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

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