Press release
Electric Utility Vehicles Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027
The Electric Utility Vehicles Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Electric Utility Vehicles market growth.The Global Electric Utility Vehicles Market Size is Projected to Reach at a CAGR of 10% during 2022-2027.
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Top Leading Companies:
Club Car, Polaris, Ligier Professional, E-Z-GO, Alke, Marshell, Taylor-Dunn, John Deere, STAR EV, Guangdong Lvtong, Goupil, Melex, Addax, Garia Utility, Esagono Energia, Pilotcar, Piaggio, Tropos Motors, Inzile
Recent Developments
John Deere has made Bear Flag Robotics (Aug 2021), Harvest Profit (Nov 2020), Unimil (Oct 2019) acquisitions and 3 investments. The company has spent over $ 5.89B on the acquisitions. John Deere has invested in multiple sectors such as Crop Tech, Professional Service Robots, Off Highway Vehicles Tech and more.
Polaris has acquired 19 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 1 asset. Polaris’ largest acquisition to date was in 2018 when it acquired Boat Holdings for $805M. Polaris has been acquired in 10 different US states, and 3 countries. The Company’s most targeted sectors include automotive (67%) and apparel/textiles (12%).
Electric Utility Vehicles Market Segmentation by Type:
Acid Lead Type
Gel Lead Type
Lithium Ion Type
Electric Utility Vehicles Market Segmentation by Application:
Commercial Use
Municipal Use
Others
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The Asia Pacific market is projected to hold the largest share
The Asia Pacific EV market is led by countries like China, Japan and South Korea. China is the world’s largest EV producer and the user has dominance in the EV industry in the region. Their government has taken steps including subsidies for EV buyers, compulsory laws by which all vehicle manufacturers need to manufacture EV’s per number of vehicles manufactured, large support to installation of EV charging points across major cities and regulations against excessive polluting vehicles. Japan and South Korea have also been growing their EV market. Their governments have supported the EV demand growth by installing EV charging stations, making emission norms, setting up deadlines for shifting to full or hybrid EVs from ICE vehicles, etc. India is also working on increasing its EV demand in the market. The new vehicle scrappage policy in which old vehicles can be scrapped off for changing to low emission ones and other upcoming policies will help the country become the region's fastest-growing market for EV’s in the coming years.
Regional Electric Utility Vehicles Market (Regional Output, Demand & Forecast by Countries)
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.
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Highlights of the Electric Utility Vehicles Market Report:
Detailed overview of Electric Utility Vehicles Market
Changing the Electric Utility Vehicles market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Electric Utility Vehicles market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Electric Utility Vehicles Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Finally, the Electric Utility Vehicles Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Electric Utility Vehicles industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
We Offer Customization on Report Based on Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
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Market intelligence data is a global front-runner in the research industry, offering customers contextual and data-driven research services. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
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