The Future of Sustainable Transportation : Motorized Quadricycle Market Insights

According to a new report published by Allied Market Research, titled, "Motorized Quadricycle Market". The motorized quadricycle market was valued at $460.1 million in 2021, and is estimated to reach $1,156.6 million by 2031, growing at a CAGR of 9.9% from 2022 to 2031.

Motorized quadricycles are small and fuel-efficient vehicles used for local transportation in rural and urban areas. They are exempt from stringent regulations and safety tests that are applicable for passenger cars; also, they are road-legal and may not require a full license to be driven.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/14868

With a speed range of 45 - 100 kmph and weight of up to 400-500 kg, motorized quadricycles have become a popular means of internal transportation. Quadricycles are largely used in European countries. As compared to traditional four wheeled automobiles, motorized quadricycles emit low amount of carbon emission owing to their compact size and lightweight nature.

In addition, the rise in demand for cost-effective personal transportation is likely to be the main factor driving the worldwide motorized quadricycle market during the forecasted period. For instance, in August 2022, Bajaj Auto Ltd (BAL), announced that Bharat Stage (BS)-IV compliant Qute quadricycle sells in select cities in the domestic market, will be coming up with a version complying with the BS-VI emission norms in the medium term. Moreover, technological advances have allowed IC engine motorized quadricycle manufacturers to equip more sophisticated components, which drive the motorized quadricycle market during the forecast period. For instance, in June 2019, Uber partnered with Bajaj Auto to launch Bajaj Qute in its new UberXS category, a new service for affordable and smart urban commuting. Qute comes with two fuel options - CNG and petrol. All units available as UberXS rides will be powered by the CNG fuel option, which provides a 43 km/kg mileage.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/motorized-quadricycle-market/purchase-options

Currently, the development and production of lightweight battery-powered motorized quadricycles has been made possible by several technology advancement and industrial revolutions in the worldwide motorized quadricycle market. These new generation vehicles can substantially increase the savings on fuel costs while providing performance equivalent to the traditional vehicles that use internal combustion engines. For instance, in January 2022, Yamaha Golf-Car Company launched its lithium-ion-powered quadricycle with independent rear suspension (IRS). The Drive2 PowerTech Li with IRS model offers customers the same comfort, reliability, and performance with a lithium battery solution. In addition, the market for motorized quadricycles could experience significant expansion as a result of innovations such as electric & autonomous quadricycles. As an illustration, Gordon Murray Design recently unveiled Motiv, an electric quadricycle in the form of a pod with a single door. It is only 1310mm wide and 2537mm long.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

By type, the heavy quadricycle segment dominated the global market in terms of growth rate.

By propulsion type, the electric segment dominated the global market in terms of growth rate.

By end use, the commercial segment dominated the global market in terms of growth rate.

By price range, the high segment dominated the global market in terms of growth rate.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/14868

The leading players operating in the motorized quadricycle market are Alke, Bajaj Auto Ltd., Goupil, Italcar Industrial S.r.l., LIGIER GROUP, Mahindra Electric Mobility Limited, Piaggio & C. SpA, Renault Group, Squad Mobility BV, and Yamaha Golf-Car Company.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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