Market Overview:
The global micro electric automotive market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles, especially in developed countries such as the U.S., Japan, and Germany. In addition, government initiatives and subsidies for electric vehicles are also contributing to the growth of this market. The global micro electric automotive market can be segmented on the basis of type into lead-acid battery vehicles and lithium-ion battery vehicles. The lead-acid battery vehicle segment is expected to account for a major share of the global micro electric automotive market during the forecast period owing to its low cost as compared to lithium-ion battery vehicles. However, with technological advancements being made in lithium-ion batteries, this segment is expected to witness high growth during the forecast period.
Product Definition:
A micro electric automotive is a small, lightweight electric vehicle that typically has a range of 30 to 50 miles and can be recharged in 2 to 3 hours. These vehicles are ideal for urban environments where short distances are regularly traveled and there is access to charging stations. The importance of micro electric automobiles is that they provide an environmentally friendly alternative to traditional gasoline-powered vehicles and can help reduce congestion in cities.
Lead-Acid Battery Vehicle:
Lead-acid battery vehicle is the most common type of electric vehicles (EV) used for transportation purposes. Lead-acid batteries are economical, easy to transport and handle, and have a longer shelf life as compared to other rechargeable batteries. These advantages associated with lead-acid battery EVs make it the most preferred choice among consumers across the world. Lead-acid battery vehicles can be categorized into two types: conventional lead acid and lithium ion (Liion).
Lithium-Ion Battery Vehicle:
Lithium-ion (Li-ion) batteries are used in electric and hybrid vehicles, power tools, portable devices such as digital cameras and laptops, electric toothbrushes & shavers. They are also used in the energy storage systems of solar and wind power plants. The growing demand for renewable sources of energy is expected to drive the global market over the forecast period.
Application Insights:
The personal use segment dominated the global market in 2017. This can be attributed to increasing consumer preference for electric vehicles due to benefits such as low maintenance cost, low fuel consumption and emission free travel. The commercial use segment is expected to witness significant growth over the forecast period owing to rising demand from public utilities such as bus companies, taxi operators and railways. For instance, BYTON Co., Ltd., a Chinese automotive company has entered into a partnership with Nanfang Electric Vehicle Company Limited (NEVC) for developing an electric car for public utility applications in 2019.
The European Commission has set aside funding under the Connected Vehicles program which is aimed at supporting innovative connected vehicle solutions across Europe by 2019.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing government initiatives and investments in EV infrastructure. China, Japan, and Taiwan are some of the countries investing heavily in this sector. For instance, Taiwan has set up a target of having sold one million EVs by 2025. Similarly, China plans to increase its EV fleet from its current level of around 300 thousand units per year to 5 million units per year by 2020.
Europe accounted for over 25% share in 2016.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 28% from 2016 to 2020. This growth can be attributed to the increasing environmental concerns, government initiatives, and technological advancements in the electric vehicle industry.
- Rising demand for micro EVs: The global market for micro EVs is expected to grow at a CAGR of more than 33% from 2016 to 2020. This growth can be attributed to the increasing demand for mini and ultra-compact cars in developed countries and rising awareness about the benefits of using micro EVs among consumers worldwide.
- Proliferation of charging infrastructure: The proliferation of charging infrastructure is one of the key factors driving the growth of the electric vehicle market worldwide. Governments across different countries are investing heavily in developing an efficient charging infrastructure that will help promote widespread adoption of electric vehicles among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Electric Automotive Market Research Report
By Type
Lead-Acid Battery Vehicle, Lithium-Ion Battery Vehicle
By Application
Personal Use, Commercial Use, Public Utilities
By Companies
Yogomo, Shifeng, Textron, Dojo, Byvin, Polaris, Lichi, Baoya, Tangjun, Yamaha, Fulu, Xinyuzhou, GreenWheel EV, Incalu, Kandi, Renault, APACHE, Garia, Zheren, Ingersoll Rand, CitEcar Electric Vehicles, Eagle, Taiqi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Micro Electric Automotive Market Report Segments:
The global Micro Electric Automotive market is segmented on the basis of:
Types
Lead-Acid Battery Vehicle, Lithium-Ion Battery Vehicle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Commercial Use, Public Utilities
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yogomo
- Shifeng
- Textron
- Dojo
- Byvin
- Polaris
- Lichi
- Baoya
- Tangjun
- Yamaha
- Fulu
- Xinyuzhou
- GreenWheel EV
- Incalu
- Kandi
- Renault
- APACHE
- Garia
- Zheren
- Ingersoll Rand
- CitEcar Electric Vehicles
- Eagle
- Taiqi
Highlights of The Micro Electric Automotive Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lead-Acid Battery Vehicle
- Lithium-Ion Battery Vehicle
- By Application:
- Personal Use
- Commercial Use
- Public Utilities
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro Electric Automotive Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro Electric Automotive is a company that designs, manufactures and sells electric vehicles.
Some of the major players in the micro electric automotive market are Yogomo, Shifeng, Textron, Dojo, Byvin, Polaris, Lichi, Baoya, Tangjun, Yamaha, Fulu, Xinyuzhou, GreenWheel EV, Incalu, Kandi, Renault, APACHE, Garia, Zheren, Ingersoll Rand, CitEcar Electric Vehicles, Eagle, Taiqi.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Electric Automotive Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro Electric Automotive Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro Electric Automotive Market - Supply Chain
4.5. Global Micro Electric Automotive Market Forecast
4.5.1. Micro Electric Automotive Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro Electric Automotive Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro Electric Automotive Market Absolute $ Opportunity
5. Global Micro Electric Automotive Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Micro Electric Automotive Market Size and Volume Forecast by Type
5.3.1. Lead-Acid Battery Vehicle
5.3.2. Lithium-Ion Battery Vehicle
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro Electric Automotive Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Micro Electric Automotive Market Size and Volume Forecast by Application
6.3.1. Personal Use
6.3.2. Commercial Use
6.3.3. Public Utilities
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro Electric Automotive Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Micro Electric Automotive Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Micro Electric Automotive Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro Electric Automotive Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro Electric Automotive Demand Share Forecast, 2019-2026
9. North America Micro Electric Automotive Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro Electric Automotive Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro Electric Automotive Market Size and Volume Forecast by Application
9.4.1. Personal Use
9.4.2. Commercial Use
9.4.3. Public Utilities
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro Electric Automotive Market Size and Volume Forecast by Type
9.7.1. Lead-Acid Battery Vehicle
9.7.2. Lithium-Ion Battery Vehicle
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Micro Electric Automotive Demand Share Forecast, 2019-2026
10. Latin America Micro Electric Automotive Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro Electric Automotive Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro Electric Automotive Market Size and Volume Forecast by Application
10.4.1. Personal Use
10.4.2. Commercial Use
10.4.3. Public Utilities
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro Electric Automotive Market Size and Volume Forecast by Type
10.7.1. Lead-Acid Battery Vehicle
10.7.2. Lithium-Ion Battery Vehicle
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Micro Electric Automotive Demand Share Forecast, 2019-2026
11. Europe Micro Electric Automotive Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro Electric Automotive Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro Electric Automotive Market Size and Volume Forecast by Application
11.4.1. Personal Use
11.4.2. Commercial Use
11.4.3. Public Utilities
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro Electric Automotive Market Size and Volume Forecast by Type
11.7.1. Lead-Acid Battery Vehicle
11.7.2. Lithium-Ion Battery Vehicle
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Micro Electric Automotive Demand Share, 2019-2026
12. Asia Pacific Micro Electric Automotive Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro Electric Automotive Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro Electric Automotive Market Size and Volume Forecast by Application
12.4.1. Personal Use
12.4.2. Commercial Use
12.4.3. Public Utilities
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro Electric Automotive Market Size and Volume Forecast by Type
12.7.1. Lead-Acid Battery Vehicle
12.7.2. Lithium-Ion Battery Vehicle
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Micro Electric Automotive Demand Share, 2019-2026
13. Middle East & Africa Micro Electric Automotive Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Micro Electric Automotive Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro Electric Automotive Market Size and Volume Forecast by Application
13.4.1. Personal Use
13.4.2. Commercial Use
13.4.3. Public Utilities
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro Electric Automotive Market Size and Volume Forecast by Type
13.7.1. Lead-Acid Battery Vehicle
13.7.2. Lithium-Ion Battery Vehicle
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Micro Electric Automotive Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro Electric Automotive Market: Market Share Analysis
14.2. Micro Electric Automotive Distributors and Customers
14.3. Micro Electric Automotive Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yogomo
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shifeng
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Textron
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dojo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Byvin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Polaris
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lichi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baoya
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tangjun
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yamaha
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fulu
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xinyuzhou
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GreenWheel EV
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Incalu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Kandi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Renault
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. APACHE
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Garia
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zheren
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Ingersoll Rand
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook