Latest Market Research Report 2025

  The global  minivans market  size is estimated to reach USD 122.7 billion by 2028 and is expected to grow at a CAGR of 2.9% from 2022 to 2028, according to a new report by Grand View Research, Inc. The global market is propelled by the increasing affordability of passenger vehicles, heightened product launches, and increasing disposable income of consumers. Furthermore, changing perception of the consumers regarding minivans to luxury vehicles also driving the market growth. Manufacturers are launching new models with improved features and aesthetics that attract more consumers and is fueling the market growth. New features include connected dashboards, reclining seats, a high roof, a spacious cabin, specially designed platforms, etc. Consumer preference is shifting from traditional passenger cars such as station wagons, sedans, etc., and growing towards multipurpose vehicles and utility vehicles with sturdy and rustic looks. This is also credited for increasing prefere...

  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...