Global Micro Electric Vehicles Market 2014-2018

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Published : Jul-2014
No. of Pages : 55

Report Description

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Micro electric vehicles are driven by electric battery propulsion with a power rating of 4-10 KWh and are generally two to four-seater vehicles. This class of vehicles was earlier considered to belong to the category of electric vehicles, but as a result of the increased demand for this product and rapid growth of the market, they now form a separate market category.

TechNavio’s analysts forecast the Global Micro Electric Vehicles market will grow at a CAGR of 14.91 percent over the period 2013-2018.

Covered in this Report

The Global Micro Electric Vehicles market can be divided into three segments: Quadricycles, Golf Carts, and Mobility Vehicles for the Disabled. To calculate the market size, the report considers the revenue generated from the combined sales of all three segments. . In addition, the report discusses the major drivers that influence the growth of the Global Micro Electric Vehicles market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

TechNavio’s report, the Global Micro Electric Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Micro Electric Vehicles market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

  • Americas
  • EMEA
  • APAC

Key Vendors

  • Ingersoll Rand plc
  • Polaris Industries Inc.
  • Textron Inc.
  • Yamaha Motor Corp.

Other Prominent Vendors

  • Canadian Electric Vehicles Ltd.
  • Chongqing Huansong Industries (Group) Co. Ltd.
  • Columbia ParCar
  • E-Ride Industries
  • Italcar
  • Pride Mobility Products Corp.
  • Shenzhen Marshell Green Power Co. Ltd.
  • Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
  • Tomberlin Automotive Group
  • Zhejiang Ruifeng (R & P) Industry Group

Key Market Driver

  • Increase in Government Subsidies and Incentives
  • For a full, detailed list, view our report.

Key Market Challenge

  • Inadequate Infrastructure for Charging
  • For a full, detailed list, view our report.

Key Market Trend

  • Increased Focus on Li-ion Batteries
  • For a full, detailed list, view our report.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Table of Contents

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings

04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology

05. Introduction

06. Market Landscape
06.1 Market Overview
06.1.1 Quadricycles
06.1.2 Golf Carts
06.1.3 Mobility Vehicles for Disabled
06.2 Market Size and Forecast
06.3 Five Forces Analysis

07. Market Segmentation by Application
07.1 Global Micro Electric Vehicles Market by Application
07.2 Global Quadricycles Market
07.2.1 Market Size and Forecast
07.3 Global Market of Mobility Vehicles for Disabled
07.3.1 Market Size and Forecast
07.4 Global Golf Carts market
07.4.1 Market Size and Forecast

08. Geographical Segmentation

09. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact

12. Market Challenges

13. Impact of Drivers and Challenges

14. Market Trends

15. Trends and their Impact

16. Vendor Landscape
16.1 Competitive Scenario
16.1.1 Key News
16.1.2 Mergers and Acquisitions
16.2 Other Prominent Vendors

17. Key Vendor Analysis
17.1 Ingersoll Rand
17.1.1 Business Overview
17.1.2 Key Information
17.1.3 Revenue Segmentation
17.1.4 SWOT Analysis
17.2 Polaris Industries
17.2.1 Business Overview
17.2.2 Key Information
17.2.3 Revenue Segmentation
17.2.4 SWOT Analysis
17.3 Textron
17.3.1 Business Overview
17.3.2 Revenue Segmentation
17.3.3 Key Information
17.3.4 SWOT Analysis
17.4 Yamaha
17.4.1 Business Overview
17.4.2 Revenue Segmentation
17.4.3 Key Information
17.4.4 SWOT Analysis

18. Other Reports in this Series

List of Exhibits

Exhibit 1: Market Research Methodology
Exhibit 2: Micro Electric Vehicles Segment 2013
Exhibit 3: Global Micro Electric Vehicles Market 2013-2018 (units in million)
Exhibit 4: Market Segmentation by Application 2013
Exhibit 5: Global Micro Electric Vehicles Market by Application 2013-2018(units in million)
Exhibit 6: Global Quadricycles Market 2013-2018 (units in million)
Exhibit 7: Global Market of Mobility Vehicles for Disabled 2013-2018 (units in million)
Exhibit 8: Global Electric Golf Carts Market 2013-2018 (units in million)
Exhibit 9: Global Micro Electric Vehicles Market by Geographical Segmentation 2013
Exhibit 10: Ingersoll Rand : Business Segmentation 2013
Exhibit 11: Ingersoll Rand: Geographic Segmentation 2013
Exhibit 12: Ingersoll Rand: Revenue Segmentation 2013
Exhibit 13: Polaris Industries: Business Segmentation 2013
Exhibit 14: Polaris Industries : Revenue Segmentation 2013
Exhibit 15: Textron: Business Segmentation 2013
Exhibit 16: Textron: Revenue Segmentation 2013
Exhibit 17: Yamaha : Business Segmentation 2013
Exhibit 18: Yamaha : Revenue Segmentation 2013
Exhibit 19: Yamaha : Geographic Segmentation 2013

Press Release

TechNavio Announces the Publication of its Research Report - Global Micro Electric Vehicles Market 2014-2018

TechNavio recognizes the following companies as the key players in the Global Micro Electric Vehicles Market : Ingersoll Rand plc  Polaris Industries Inc., Textron Inc., Yamaha Motor Corp. , Canadian Electric Vehicles Ltd., Chongqing Huansong Industries (Group) Co. Ltd., Columbia ParCar , E-Ride Industries , Italcar, Pride Mobility Products Corp. , Shenzhen Marshell Green Power Co. Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tomberlin Automotive Group, Zhejiang Ruifeng (R & P) Industry Group

Commenting on the report, an analyst from TechNavio’s team said: “The focus of vendors has shifted to finding ways to extend the life of Li-ion batteries. These batteries are now used in a variety of applications such as cell phones, laptops, PCs, power tools, electric bikes, electric scooters, tablets, medical devices, UPS systems, and transit buses. These batteries have completely replaced lead-acid batteries in several applications. The Global Li-Ion Battery market for Hybrid and Electric Vehicles is expected to grow yearly at 20 percent till 2025”

According to the report, the Global Micro Electric Vehicles market has taken center stage mainly because of the increase in government subsidies for manufacturers and incentives for buyers of such vehicles. Gasoline and diesel-based vehicles are major generators of greenhouse gas emissions. Various governments are taking an active interest in reducing the increasing emission levels of greenhouse gases. They are also actively involved in promoting clean and efficient ways of transportation.

Further, the report states that the inadequate infrastructure for charging electric vehicle batteries is a major challenge faced by the Global Micro Electric Vehicles market.  Also, the time taken to recharge these batteries is too long. There is a lot of scope to improve the infrastructure for charging batteries. Hence, the present infrastructure is not sufficient to cater to current demand.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Filed in: Automotive
Publisher : Infiniti Research Limited
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