Market Overview:
Electric shuttle cars are used to transport goods and people in a restricted area. These vehicles are either battery operated or run on electricity supplied through an overhead wire. The global electric shuttle car market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth of this market can be attributed to the increasing demand for electric vehicles across the globe and rising awareness about environment-friendly transportation options. The global electric shuttle car market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into normal, luxury, and heavy duty electric shuttle cars. Normal electric shuttle cars are used for short distance transportation within a restricted area such as an airport or factory premises while luxury and heavy duty electric shuttle cars are used for long distance transportation within a restricted area or between different locations. On the basis of application, the market can be classified into industrial and commercial applications respectively.
Product Definition:
Electric shuttle cars are small, battery-powered vehicles that transport people or goods within a confined area, such as a factory, airport, or theme park. They are important because they reduce emissions and save on energy costs.
Normal:
Normal is a software-defined network (SDN) technology that allows telecom operators to virtualize their data centers and control them as an integrated whole. It also helps in improving the performance of telecom networks by offloading traffic from high-cost carriers to low-cost carriers, thereby reducing the cost of infrastructure. The global market for normal is expected to witness significant growth over the forecast period owing to its ability to reduce operational expenses and complexities for telecom operators globally.
Luxury:
Luxury is a value-added benefit, which adds value to the basic product. It gives a feeling of comfort and wellbeing owing to its quality and features.
It includes interior appointments that are more comfortable, convenient, luxurious or attractive than the base model vehicle.
Application Insights:
The industrial application segment dominated the global electric shuttle cars market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth over the forecast period owing to increasing demand from various industries including chemical, paper and pulp, food and beverages processing, mining and construction for moving materials within their premises.
Industrial applications require a large number of vehicles as they are used extensively for logistics purposes across various industries such as manufacturing or assembly operations where goods are moved between different departments within an organization on a daily basis. In addition, these shuttles can be used by companies operating with multiple production units where there is need to transport personnel or material between them on a regular basis which further drives their demand in this sector.
Commercial applications include hotels/resorts.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to increasing demand for fuel-efficient vehicles, growing popularity of electric cars among consumers, and supportive government policies regarding environment protection and energy conservation.
Europe is anticipated to follow North America in terms of market share over the forecast period owing to rising environmental concerns coupled with stringent regulations set by European Union (EU) governments regarding carbon emissions caused during vehicle operation. Asia Pacific is projected to grow at a significant CAGR from 2018 till 2030 due primarily on China’s rapid urbanization along with increasing number of construction projects across various cities including Shanghai, Beijing, Guangzhou, Shenzhen etc.
The Chinese government has planned numerous investments across different sectors such as transport infrastructure.
Growth Factors:
- Increasing demand for electric vehicles due to environmental concerns
- Government initiatives and subsidies for electric vehicles
- Reduction in the cost of batteries and other components of electric vehicles
- Improved technology and increased range of electric vehicles
- Growing popularity of ride-sharing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Shuttle Cars Market Research Report
By Type
Normal, Luxury, Heavy Duty
By Application
Industrial, Commercial
By Companies
Sandvik, Fisker, Phoenix Motor Cars, STAR EV, Polaris GEM Electric Vehicles, BYD, Moto Electric Vehicles, Green Automotive Company (GAC), Komatsu Mining (Joy), Solar Electric Vehicle, Bintelli Electric Vehicles, Bradshaw, Cushman, EMC Electric Vehicles, NAVYA, Suzhou Eagle Electric Vehicle, Dongguan Karid Electric Vehicle, Guangzhou Langqing Electric Car
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Electric Shuttle Cars Market Report Segments:
The global Electric Shuttle Cars market is segmented on the basis of:
Types
Normal, Luxury, Heavy Duty
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
Industrial, Commercial
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:
- Sandvik
- Fisker
- Phoenix Motor Cars
- STAR EV
- Polaris GEM Electric Vehicles
- BYD
- Moto Electric Vehicles
- Green Automotive Company (GAC)
- Komatsu Mining (Joy)
- Solar Electric Vehicle
- Bintelli Electric Vehicles
- Bradshaw
- Cushman
- EMC Electric Vehicles
- NAVYA
- Suzhou Eagle Electric Vehicle
- Dongguan Karid Electric Vehicle
- Guangzhou Langqing Electric Car
Highlights of The Electric Shuttle Cars 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:
- Normal
- Luxury
- Heavy Duty
- By Application:
- Industrial
- Commercial
- 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 Electric Shuttle Cars 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
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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?
Electric shuttle cars are a type of electric vehicle that uses an electric motor to power the vehicle. They are typically smaller than traditional vehicles, and they have a limited range.
Some of the key players operating in the electric shuttle cars market are Sandvik, Fisker, Phoenix Motor Cars, STAR EV, Polaris GEM Electric Vehicles, BYD, Moto Electric Vehicles, Green Automotive Company (GAC), Komatsu Mining (Joy), Solar Electric Vehicle, Bintelli Electric Vehicles, Bradshaw, Cushman, EMC Electric Vehicles, NAVYA, Suzhou Eagle Electric Vehicle, Dongguan Karid Electric Vehicle, Guangzhou Langqing Electric Car.
The electric shuttle cars market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Shuttle Cars 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. Electric Shuttle Cars Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Shuttle Cars Market - Supply Chain
4.5. Global Electric Shuttle Cars Market Forecast
4.5.1. Electric Shuttle Cars Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Shuttle Cars Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Shuttle Cars Market Absolute $ Opportunity
5. Global Electric Shuttle Cars 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. Electric Shuttle Cars Market Size and Volume Forecast by Type
5.3.1. Normal
5.3.2. Luxury
5.3.3. Heavy Duty
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Shuttle Cars 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. Electric Shuttle Cars Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Shuttle Cars 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. Electric Shuttle Cars 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 Electric Shuttle Cars 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. Electric Shuttle Cars 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 Electric Shuttle Cars Demand Share Forecast, 2019-2026
9. North America Electric Shuttle Cars 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 Electric Shuttle Cars 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 Electric Shuttle Cars Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Shuttle Cars Market Size and Volume Forecast by Type
9.7.1. Normal
9.7.2. Luxury
9.7.3. Heavy Duty
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 Electric Shuttle Cars Demand Share Forecast, 2019-2026
10. Latin America Electric Shuttle Cars 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 Electric Shuttle Cars 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 Electric Shuttle Cars Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Shuttle Cars Market Size and Volume Forecast by Type
10.7.1. Normal
10.7.2. Luxury
10.7.3. Heavy Duty
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 Electric Shuttle Cars Demand Share Forecast, 2019-2026
11. Europe Electric Shuttle Cars 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 Electric Shuttle Cars 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 Electric Shuttle Cars Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Shuttle Cars Market Size and Volume Forecast by Type
11.7.1. Normal
11.7.2. Luxury
11.7.3. Heavy Duty
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 Electric Shuttle Cars Demand Share, 2019-2026
12. Asia Pacific Electric Shuttle Cars 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 Electric Shuttle Cars 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 Electric Shuttle Cars Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Shuttle Cars Market Size and Volume Forecast by Type
12.7.1. Normal
12.7.2. Luxury
12.7.3. Heavy Duty
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 Electric Shuttle Cars Demand Share, 2019-2026
13. Middle East & Africa Electric Shuttle Cars 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 Electric Shuttle Cars 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 Electric Shuttle Cars Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Shuttle Cars Market Size and Volume Forecast by Type
13.7.1. Normal
13.7.2. Luxury
13.7.3. Heavy Duty
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 Electric Shuttle Cars Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Shuttle Cars Market: Market Share Analysis
14.2. Electric Shuttle Cars Distributors and Customers
14.3. Electric Shuttle Cars Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sandvik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fisker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Phoenix Motor Cars
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. STAR EV
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Polaris GEM Electric Vehicles
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BYD
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Moto Electric Vehicles
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Green Automotive Company (GAC)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Komatsu Mining (Joy)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Solar Electric Vehicle
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bintelli Electric Vehicles
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Bradshaw
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cushman
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. EMC Electric Vehicles
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. NAVYA
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Suzhou Eagle Electric Vehicle
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Dongguan Karid Electric Vehicle
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Guangzhou Langqing Electric Car
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
