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Minivans - Japan

Japan
  • Revenue in the Minivans market is projected to reach US$15bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.53%, resulting in a projected market volume of US$15bn by 2029.
  • Minivans market unit sales are expected to reach 538.6k vehicles in 2029.
  • The volume weighted average price of Minivans market in 2024 is expected to amount to US$27k.
  • From an international perspective it is shown that the most revenue will be generated China (US$42bn in 2024).

The Minivans Market segment includes passenger cars of an average footprint around 4.25m2 (46 ft2) and an average mass around 1600kg (3500lbs), with their roofs extended in the back in order to prioritize their passenger and cargo volume (up to 3.7 m3 or 130 ft3). The defining features of this segment include sliding doors and three rows of seats. A passenger car model always serves as the technical basis. All key figures shown represent the sales of new minivans 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: M (Multi-Purpose Cars – excluding vans)
  • US Car Segment: MPV, Minivan
  • Chinese Car Segment: Multi-Purpose Vehicles
  • Also known as: MPV, Multi-Purpose Cars, People Carrier

Example models: Citroën C4 Picasso, Peugeot 5008, Fiat 500L, Kia Carnival.

In-Scope

  • Passenger cars - Minivans

Out-Of-Scope

  • Cargovans and Minibuses
  • Pickup trucks
Minivans: market data & analysis - Cover

Market Insights report

Minivans: 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 Minivans market in Japan has been experiencing steady growth in recent years.

    Customer preferences:
    Japanese customers have always had a strong preference for minivans due to their practicality and spacious interiors. Minivans are particularly popular among families and individuals who value comfort and versatility. In addition, the aging population in Japan has also contributed to the demand for minivans, as older individuals often prefer vehicles that are easy to enter and exit.

    Trends in the market:
    One of the key trends in the minivans market in Japan is the increasing demand for hybrid and electric minivans. As environmental concerns continue to rise, more customers are opting for eco-friendly vehicles. Hybrid and electric minivans not only offer lower emissions but also provide cost savings on fuel. This trend is in line with the global shift towards greener transportation options. Another trend in the market is the integration of advanced safety features in minivans. Japanese automakers are constantly innovating to enhance the safety of their vehicles. This includes the incorporation of technologies such as collision avoidance systems, lane departure warning, and adaptive cruise control. These features not only provide a safer driving experience but also appeal to safety-conscious customers.

    Local special circumstances:
    One of the unique factors in the Japanese market is the popularity of kei cars, which are small-sized vehicles with specific dimensions and engine capacities. Kei cars are classified as minivans and are favored by customers due to their affordability and fuel efficiency. This segment of the market caters to individuals who prioritize cost-effectiveness and practicality.

    Underlying macroeconomic factors:
    The steady growth in the minivans market in Japan can be attributed to several macroeconomic factors. Firstly, the strong economic growth in Japan has led to increased consumer confidence and spending power. This has resulted in higher demand for vehicles, including minivans. Additionally, the government's initiatives to promote domestic consumption and stimulate the economy have also contributed to the growth of the minivans market. Furthermore, the government's focus on infrastructure development, such as improving roads and public transportation, has created a need for reliable and comfortable vehicles. Minivans, with their spacious interiors and versatile seating arrangements, are well-suited for both personal and commercial use. This has further fueled the demand for minivans in Japan. In conclusion, the minivans market in Japan is experiencing growth due to customer preferences for practical and spacious vehicles, the increasing demand for hybrid and electric vehicles, the integration of advanced safety features, the popularity of kei cars, and the underlying macroeconomic factors such as strong economic growth and government initiatives.

    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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