New Report Offers Motorized Quadricycles Market, Trends, Future Prospects during 2017-2027

New research report offers a comprehensive analysis of the “Europe Market Study on Motorized Quadricycles: Light Quadricycles Segment Estimated to Hold over One-third Market Value of the France Motorized Quadricycle Market“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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Legal scenario highly beneficial to Europe motorized quadricycle market

The legal system in Europe is highly favorable for the motorized quadricycle market and it should positively impact revenue growth. Quadricycles are perfectly designed for transportation in dense, urban environments and are street legal. Quadricycles have the same registration procedure as passenger vehicles and they come under the jurisdiction of the European Commission Directive 2002/24/EC. On account of being classified as a light vehicle under the L vehicle category, the ‘AM’ category license is needed for light quadricycles. Quadricycles are also exempt from crash tests that are mandatory for passenger cars.

Traffic congestion places France at the top in the Europe motorized quadricycle market

The major French cities suffer from intense smog and heavy traffic congestion because of market saturation in the automobile industry. Chock-a-block traffic has led to increased commute times to and from work, making it a major concern of the population. The French government has taken cognizance of the situation and has devised various solutions to tackle this menace such as imposing strict speed limits, restricting passenger capacity, and heavily fining those who flout traffic rules. One of the most effective solutions to the traffic menace could be the adoption of two, three, and compact four-wheelers. That is why the scope of the France motorized quadricycle market is very bright indeed.

Government plays a major role in the France motorized quadricycle market

The French government deserves credit for focusing on electrical mobility by granting subsidies to reduce the cost of electric vehicles, spurring sales and making them economically feasible. Government initiatives have had an outsized influence in making France the largest country in the Europe motorized quadricycle market. In 2015, the Ministry of Sustainable Development declared a substantial investment for producing electric vehicles to achieve its target of 2 million electric vehicles by 2020.

Favorable legislation assists French motorized quadricycle market players

France dominates the Europe motorized quadricycle market and most of the leading market players are based in the country. The encouraging regulatory scenario goes a long way in promoting the adoption of quadricycles. In France, it is legal to drive quadricycles on all public roads except autoroutes i.e. the motorways and highways that are fairly limited. In addition, driving a quadricycle needs only an AM category or motorcycle driving license. Therefore, any person above the age of 16 is eligible to drive a quadricycle, making almost the entire French adult population a potential target of the France motorized quadricycle market.

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Light quadricycles dominate the France motorized quadricycle market

The light quadricycle segment in the France motorized quadricycle market is anticipated to gain 10 basis points over the study period and record a notable CAGR of 4.9% from 2017 to 2027. Light quadricycles should continue to account for almost 90% of the France motorized quadricycle market throughout the assessment period. The incremental opportunity in this segment is around US$ 60 Mn and it should be worth more than US$ 160 Mn by 2027 end from just under US$ 97 Mn in 2016.

Sub-A segment cars chief restraint in the Europe motorized quadricycle market

The Sub-A segment is a new vehicle segment that has rushed in to fill the market niche that exists between compact passenger cars on one side and quadricycles on the other. They closely resemble A-segment cars and have the added advantage of being cost-effective. Many European carmakers have Sub-A segment models doing well in the market and they are expected to introduce newer models to cater to the rising demand in this segment. The Sub-A segment is predicted to record a higher growth than quadricycles and as the former have an electric option as well, they could potentially impede the growth of the Europe motorized quadricycle market.

Transition to stricter emission norms to affect the cost of manufacturing

Quadricycle makers are already fighting a long, hard battle against rising input prices as the latter affects sales. Customers may not see the benefit of quadricycles if they can purchase a compact car for only slightly more. Apart from this, European countries have begun the transition to stricter emission norms and this poses a challenge for the Europe motorized quadricycle market. Tackling this will necessitate additional investments i.e. increased costs. Due to air pollution and smog concerns, the French government has pledged to tighten emission norms and L6 and L7 vehicles have to make the transition to Euro 5 emission norms by 2020.

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