Minivans Market size is estimated to reach USD 122.7 billion by 2028
Minivans Industry Overview The global minivans market size was valued at USD 100.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2028. Increasing disposable income, affordability, and spending on passenger vehicles are major factors influencing the market growth. As a result of economic revolution and technological developments, passenger car affordability has increased leading to the increasing contribution from a middle-income class population, which is expected to increase further over the forecast period. Increasing product launches with improved functionality and aesthetics from the key manufacturers are anticipated to increase consumer interest and encourage purchase, further fueling the market growth. Gather more insights about the market drivers, restrains and growth of the Global Minivans Market New stylish products with excellent passenger and cargo space, flexible floorplan, and connec...