Press release
Global Micro Electric Automotive (Micro EVs) Market to Expand at a Modest CAGR of 5.3% by 2025
A micro electric vehicle (EV) is a four-wheeled electric powered micro vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it usually has a gross vehicle weight rating (GVWR) of less than 3,000 pounds.
Attracted by the market profits, more and more companies have entered into Micro EVs industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of Micro EVs industry in global market, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Yogomo, Dojo and Shifeng have obvious large sales market share.
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Price and performance will be the attractive point for consumers. For the fierce competition, consolidation of Micro EVs industry is expected to appear.
Global Micro Electric Automotive (Micro EVs) market size will reach 10200 million US$ by 2025, from 7100 million US$ in 2018, at a CAGR of 5.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Micro Electric Automotive (Micro EVs).
This industry study presents the global Micro Electric Automotive (Micro EVs) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Micro Electric Automotive (Micro EVs) production, revenue and market share by manufacturers, key regions and type;
The consumption of Micro Electric Automotive (Micro EVs) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Yogomo, Shifeng, etc.
The following manufacturers are covered in this report:
Yogomo
Shifeng
Textron
Dojo
Byvin
Polaris
Lichi
Baoya
Tangjun
Yamaha
Fulu
Xinyuzhou
GreenWheel EV
Incalu
Kandi
Renault
APACHE
Garia
Zheren
Ingersoll Rand
CitEcar Electric Vehicles
Eagle
Taiqi
Micro Electric Automotive (Micro EVs) Breakdown Data by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs
Micro Electric Automotive (Micro EVs) Breakdown Data by Application
Personal Use
Commercial Use
Public Utilities
Micro Electric Automotive (Micro EVs) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
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Micro Electric Automotive (Micro EVs) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Micro Electric Automotive (Micro EVs) status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key Micro Electric Automotive (Micro EVs) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Micro Electric Automotive (Micro EVs) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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