Heavy Quadricycles Market : Analysis, Emerging Trends, Challenges, and Growth Drivers

Heavy Quadricycles Market Size

The global Heavy Quadricycles market was valued at US$ 655 million in 2023 and is anticipated to reach US$ 934 million by 2030, witnessing a CAGR of 5.7% during the forecast period 2024-2030.

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Heavy quadricycles or TQMs (motorised tricycles and quadricycles) Heavy quadricycles must be driven with either a category A or B licence, depending on the legislation in effect in the different European countries. Depending on its use, it is sometimes referred to as a heavy car or a motorised tricycle or quadricycle.

In this report, the quadricycle is a European Union vehicle category for four-wheeled microcars, which allows these vehicles to be designed to less stringent requirements when compared to regular cars. Quadricycles are defined by limitations in terms of weight, engine power and speed.

Urban traffic congestion and environmental issues have prompted more and more people to choose motorized quadricycle as a means of transportation.

Due to the advantage on price and practicability, microcars are popular in Europe and some other developing countries. In future, developing countries will provide a great power to the development of motorized quadricycles. Further more, the development of electric vehicle should be another driving factor to the motorized quadricycles industry.

The report will help the Heavy Quadricycles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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By Type
• Electric Motor Type
• Ignition Engines Type

By Application
• Household
• Commercial

Key Companies
Aixam, Ligier, Club Car, Bajaj Auto, Automobiles CHATENET, Renault, Tazzari Zero, Casalini, Bellier, Grecav, Tata Motors, Mahindra

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This release was published on openPR.