Europe Motorized Quadricycles Market Sales is Estimated to Cross US$ 800 Mn by the end of 2029

Europe Motorized Quadricycles Market 2022

'Electric' Motorized Quadricycles Yet to Reach the Masses in Europe, High Price Point Limiting Adoption: PMR Report. Europe's motorized quadricycles market is set grow at a CAGR of ~5% between 2019 and 2029, and is estimated to reach a value of ~US$ 800 Mn by the end of 2029, as indicated by PMR's report.

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According to a recent market intelligence by Persistence Market Research (PMR), the motorized quadricycles market in Europe was valued at ~US$ 400 Mn in 2014, and is expected to surpass ~US$ 500 Mn by the end of 2019. The study delivers key insights on the motorized quadricycles market, which includes the Europe industry analysis 2014 - 2018 and forecast 2019-2029. The report includes a detailed analysis of the motorized quadricycles market and contains an in-depth analysis for the subsequent ten years.

Competition Analysis: Europe Motorized Quadricycles Market

The motorized quadricycles market can be classified as a consolidated market owing to a limited number of quadricycle manufacturers in the region. Tier-wise assessment of the Europe's motorized quadricycles market unleashes that the market challengers account for just about ~10% shares in the motorized quadricycles market revenues. On the other hand, prominent players in the motorized quadricycles market are adopting business expansion, product development, acquisition, and collaboration strategies in a bid to capture significant shares in the market.

Key Companies-

• Aixam-Mega
• Renault SA
• Bajaj Auto Ltd.
• Automobile CHATENET
• Ligier Group
• Tecno Meccanica Imola SpA
• Estrima Srl (Office)
• Casalini Srl
• BELLIER AUTOMOBILES

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Lightweight Quadricycles Remain Sought-after

Thorough assessment of the market concludes that the motorized quadricycles market in Europe can be segmented into light quadricycles and heavy quadricycles. Light quadricycles are more popular among the young and elderly population of Europe owing to the lenient government regulations for light quadricycles driving license. A person only requires an AM category license to drive a light quadricycle. Furthermore, some of the heavy quadricycle models such as, Bajaj Qute, Renault TWIZY, etc. also gained traction in the Europe quadricycles market.

By analysis of the market on the basis of operation, the motorized quadricycles market will continue to see pronounced growth in adoption of conventional fuel owing to its several advantages over electric-powered quadricycles. A majority of the consumers in Europe prefer conventional fuel quadricycles over electric quadricycles, as they are more suitable for long distance travels and have economical price point.

Country-wise analysis of Europe's motorized quadricycles market reveals that Spain will continue to reflect a significant growth potential for the motorized quadricycles market over the forecast period. However, France is expected to be a prominent region in the motorized quadricycles market owing to the presence of prominent quadricycle manufacturers in the country.

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Key Questions Answered in the Motorized Quadricycles Market Report

• How is the Motorized Quadricycles market expected to grow over the projected period?

• What direction is the Motorized Quadricycles market expected to take in terms of volume and value during the forecast period?

• What is the impact of macroeconomic factors on the Motorized Quadricycles market in future?

• What are the key market drivers in the Motorized Quadricycles market?

• What are significant opportunities and improvement areas for Motorized Quadricycles manufacturers?

• What are the key developments and trends taking over the Motorized Quadricycles market?

• Which are the emerging countries that are expected to create significant growth opportunities in the Motorized Quadricycles market?

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