Mini Cars - Qatar | Statista Market Forecast

Mini Cars - Qatar

Qatar

Highlights

Revenue in the Mini Cars market is projected to reach US$69m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.96%, resulting in a projected market volume of US$76m by 2029.
Mini Cars market unit sales are expected to reach 5.6k vehicles in 2029.
The volume weighted average price of Mini Cars market in 2024 is expected to amount to US$14k.
From an international perspective it is shown that the most revenue will be generated China (US$7bn in 2024).

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Mini Cars market in Qatar has been experiencing significant growth in recent years, driven by customer preferences for compact and fuel-efficient vehicles. With its small size and affordable price tag, mini cars have become increasingly popular among urban dwellers and young professionals in Qatar.

Customer preferences: In Qatar, customers have shown a strong preference for mini cars due to their compact size and fuel efficiency. The compact size of mini cars makes them ideal for navigating through crowded city streets and finding parking in limited spaces. Additionally, the rising cost of fuel in Qatar has led customers to prioritize fuel efficiency when choosing a vehicle, making mini cars an attractive option.

Trends in the market: One of the key trends in the Mini Cars market in Qatar is the increasing demand for electric mini cars. As the government of Qatar has been actively promoting sustainable transportation solutions, customers are becoming more conscious of their carbon footprint and are opting for electric vehicles. The availability of charging infrastructure and government incentives for electric vehicle purchases have further fueled the demand for electric mini cars in the market. Another trend in the Mini Cars market in Qatar is the integration of advanced technology features in mini cars. Customers in Qatar are increasingly looking for vehicles that offer the latest connectivity and safety features. Mini car manufacturers have responded to this demand by incorporating features such as touchscreen infotainment systems, smartphone integration, and advanced driver-assistance systems in their vehicles.

Local special circumstances: Qatar has a high population density, particularly in urban areas such as Doha. The limited availability of parking spaces and the heavy traffic congestion in these areas have made mini cars a popular choice among customers. The small size of mini cars allows drivers to easily maneuver through traffic and find parking in tight spaces, making them highly practical for city driving.

Underlying macroeconomic factors: The growth of the Mini Cars market in Qatar can also be attributed to favorable macroeconomic factors. Qatar has a high per capita income, which has led to increased disposable income and higher purchasing power among consumers. This has made mini cars more affordable and accessible to a larger segment of the population. Additionally, the government of Qatar has implemented policies to support the automotive industry and attract foreign investment. These policies, coupled with a stable economy and favorable business environment, have encouraged international car manufacturers to establish a presence in Qatar and offer a wide range of mini car models to cater to the growing demand. In conclusion, the Mini Cars market in Qatar is witnessing significant growth due to customer preferences for compact and fuel-efficient vehicles, the increasing demand for electric mini cars, the integration of advanced technology features, local special circumstances such as limited parking spaces and heavy traffic congestion, and favorable macroeconomic factors including high per capita income and government support for the automotive industry.

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).