Market Overview:
The global electric utility vehicles market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe, coupled with the rising concerns over environmental pollution. In terms of type, the acid lead type segment is expected to hold a major share of the global electric utility vehicles market during the forecast period, owing to its low cost and easy availability. However, with advancements in technology and growing concerns over environment pollution, lithium ion type is expected to witness high growth rates during the forecast period.
Product Definition:
Electric Utility Vehicle is an electric-powered vehicle used for utility purposes, such as carrying tools and materials, or driving on construction or farm sites. Electric Utility Vehicles are important for two reasons. First, they reduce emissions from gas-powered vehicles. Second, they allow workers to do their jobs more safely and efficiently.
Acid Lead Type:
Acid lead type is a key component in the manufacturing of batteries for electric vehicles. The global market for electric vehicles has witnessed growth over the past few years and this trend is expected to continue over the forecast period. This has led to an increase in demand for batteries, which are majorly manufactured using lead acid battery.
Gel Lead Type:
Gel lead type is a low-cost, non-flammable and water soluble polymer electrolyte that acts as an insulator and offers high dimensional stability. It is primarily used in battery packs for electric vehicles (EV) owing to its ability to provide safety against thermal runaways. Gel lead type has the potential of providing higher energy density than conventional ones without any risk of explosion or fire.
Application Insights:
The commercial use segment dominated the global electric utility vehicles market, accounting for a share of over 60.0% in 2017. The segment is expected to witness significant growth owing to increasing demand from corporate offices, hotels and hospitals across the globe. Gel-based lead acid batteries are used in E-UVs for substantial distances ranging between 8 and 100 miles on a single charge depending upon battery type with an average range of 30 miles per charge among other factors such as weight distribution and curb weight among others.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from developing countries such as China and India. In addition, growing investments by major players in developing electric vehicles are anticipated to drive growth across this region. For instance, BYD Auto Co., Ltd., a Chinese company has entered into an agreement withnegie Corporation for establishing new plants in China and U.S.
North America was estimated as the second-largest regional market after Asia Pacific in 2017 owing to high demand from U.S.-based companies such as UPS; FedEx; and Federal Express Corporation (FedEx).
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising concerns over environmental pollution and climate change
- Technological advancements in electric vehicle batteries and charging infrastructure
- Growing demand for green energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Utility Vehicles Market Research Report
By Type
Acid Lead Type, Gel Lead Type, Lithium Ion Type
By Application
Commercial Use, Municipal Use, Others
By Companies
Club Car, Polaris, Ligier Professional, E-Z-GO, Alke, Marshell, Taylor-Dunn, John Deere, STAR EV, Guangdong Lvtong, Goupil, Melex, Addax, Garia Utility, Esagono Energia, Pilotcar, Piaggio, Tropos Motors, Inzile
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Electric Utility Vehicles Market Report Segments:
The global Electric Utility Vehicles market is segmented on the basis of:
Types
Acid Lead Type, Gel Lead Type, Lithium Ion Type
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
Commercial Use, Municipal Use, Others
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:
- Club Car
- Polaris
- Ligier Professional
- E-Z-GO
- Alke
- Marshell
- Taylor-Dunn
- John Deere
- STAR EV
- Guangdong Lvtong
- Goupil
- Melex
- Addax
- Garia Utility
- Esagono Energia
- Pilotcar
- Piaggio
- Tropos Motors
- Inzile
Highlights of The Electric Utility Vehicles 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:
- Acid Lead Type
- Gel Lead Type
- Lithium Ion Type
- By Application:
- Commercial Use
- Municipal Use
- Others
- 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 Utility Vehicles 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?
Electric utility vehicles are electric cars that are used for transportation by a utility company.
Some of the major players in the electric utility vehicles market are Club Car, Polaris, Ligier Professional, E-Z-GO, Alke, Marshell, Taylor-Dunn, John Deere, STAR EV, Guangdong Lvtong, Goupil, Melex, Addax, Garia Utility, Esagono Energia, Pilotcar, Piaggio, Tropos Motors, Inzile.
The electric utility vehicles market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Utility Vehicles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Utility Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Utility Vehicles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Utility Vehicles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Utility Vehicles Market Size & Forecast, 2020-2028
4.5.1 Electric Utility Vehicles Market Size and Y-o-Y Growth
4.5.2 Electric Utility Vehicles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Acid Lead Type
5.2.2 Gel Lead Type
5.2.3 Lithium Ion Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Municipal Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Utility Vehicles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Utility Vehicles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Acid Lead Type
9.6.2 Gel Lead Type
9.6.3 Lithium Ion Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Municipal Use
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Acid Lead Type
10.6.2 Gel Lead Type
10.6.3 Lithium Ion Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Municipal Use
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Acid Lead Type
11.6.2 Gel Lead Type
11.6.3 Lithium Ion Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Municipal Use
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Acid Lead Type
12.6.2 Gel Lead Type
12.6.3 Lithium Ion Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Municipal Use
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Acid Lead Type
13.6.2 Gel Lead Type
13.6.3 Lithium Ion Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Municipal Use
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Utility Vehicles Market: Competitive Dashboard
14.2 Global Electric Utility Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Club Car
14.3.2 Polaris
14.3.3 Ligier Professional
14.3.4 E-Z-GO
14.3.5 Alke
14.3.6 Marshell
14.3.7 Taylor-Dunn
14.3.8 John Deere
14.3.9 STAR EV
14.3.10 Guangdong Lvtong
14.3.11 Goupil
14.3.12 Melex
14.3.13 Addax
14.3.14 Garia Utility
14.3.15 Esagono Energia
14.3.16 Pilotcar
14.3.17 Piaggio
14.3.18 Tropos Motors
14.3.19 Inzile
