Market Overview:
The global micro electric vehicles 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 across the globe, coupled with government initiatives and subsidies for the adoption of electric vehicles. In addition, technological advancements in micro electric vehicles are also aiding in their growth. The global micro electric vehicle market can be segmented on the basis of type into pure electric and hybridelectric vehicles.On the basisof application, themarket can be dividedinto householdand commercial applications.Geographically, themarketcanbe segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
A micro electric vehicle (MEV) is a type of battery-powered vehicle that falls into the category of ultra-low emissions vehicles. MEVs are typically small, lightweight, and have a low horsepower rating. They are used for short-distance transportation and typically have a range of 25 to 50 miles per charge.
The benefits of using MEVs include lower emissions, reduced noise pollution, and improved fuel economy when compared to traditional gasoline-powered vehicles. Additionally, MEVs can help reduce traffic congestion in urban areas as they are able to navigate through tight spaces and parking garages more easily than larger cars.
Pure Electric:
Pure electric vehicles (PEVs) are those driven by electricity and have no internal combustion engine. The global pure electric vehicle market is expected to grow at a CAGR of XX% from 2017 to 2025. This high growth can be attributed to the initiatives taken by governments across various nations for promoting PEVs usage, reduction in overall fuel consumption & carbon emissions, and availability of charging infrastructure at convenient prices.
Hybrid Electric:
Hybrid Electric Vehicle (HEV) is a vehicle that uses more than one source of power to move. It has at least two sources of electric power, generally from rechargeable batteries and/or IC engines. The HEV can be operated with small engine or no engine at all depending on the design and purpose.
Application Insights:
The household segment dominated the global micro electric vehicles market, accounting for over 60.0% share of the total revenue in 2017. The growth can be attributed to increasing disposable income and rapid urbanization in emerging economies including China, India and Brazil. Furthermore, government initiatives such as ¢â‚¬Å“E-vehicle For All¢â‚¬ are expected to drive demand for residential charging stations which will eventually propel product demand globally over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% in 2017 owing to increasing government initiatives and investments in EV infrastructure. China, Japan, and Taiwan are some of the countries investing heavily in EVs due to environmental concerns as well as economic benefits such as reduction of carbon emission and noise pollution caused by conventional vehicles. In addition, favorable government policies such as tax incentives on EVs will boost regional demand further over the next eight years.
Europe was valued at USD X million in 2017 owing to high demand from several key markets including Germany, France Italy among others along with growing adoption by individuals across major countries including U.K., Spain among others which have adopted legislation favoring these vehicles or have established charging networks for them (fees apply).
Growth Factors:
- Increasing demand for Micro Electric Vehicles from the commercial sector for last mile deliveries and goods transportation.
- Growing popularity of Micro Electric Vehicles as an alternative mode of transportation, especially in congested urban areas.
- Government initiatives and subsidies to promote the use of electric vehicles, which is expected to drive the growth of the market for Micro Electric Vehicles over the forecast period.
- Rising awareness about environment-friendly modes of transportation and their benefits is anticipated to boost demand for Micro Electric Vehicles in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Electric Vehicles Market Research Report
By Type
Pure Electric, Hybrid Electric
By Application
Hosehold, Commercial
By Companies
Tesla, Renault, Toyota, BMW, Audi, BYD, Ford, Honda, Alta, E-Rex, Jinhua, Sanyo system
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Micro Electric Vehicles Market Report Segments:
The global Micro Electric Vehicles market is segmented on the basis of:
Types
Pure Electric, Hybrid Electric
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
Hosehold, 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:
- Tesla
- Renault
- Toyota
- BMW
- Audi
- BYD
- Ford
- Honda
- Alta
- E-Rex
- Jinhua
- Sanyo system
Highlights of The Micro Electric 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:
- Pure Electric
- Hybrid Electric
- By Application:
- Hosehold
- 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 Micro Electric 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?
Micro Electric Vehicles are vehicles that have a maximum weight of no more than 3,000 pounds and a width of no more than 10 feet.
Some of the key players operating in the micro electric vehicles market are Tesla, Renault, Toyota, BMW, Audi, BYD, Ford, Honda, Alta, E-Rex, Jinhua, Sanyo system.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Micro Electric 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 Micro Electric Vehicles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro Electric 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 Micro Electric 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 Micro Electric Vehicles Market Size & Forecast, 2020-2028
4.5.1 Micro Electric Vehicles Market Size and Y-o-Y Growth
4.5.2 Micro Electric 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 Pure Electric
5.2.2 Hybrid Electric
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 Hosehold
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro Electric 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 Micro Electric 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 Pure Electric
9.6.2 Hybrid Electric
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 Hosehold
9.10.2 Commercial
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 Pure Electric
10.6.2 Hybrid Electric
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 Hosehold
10.10.2 Commercial
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 Pure Electric
11.6.2 Hybrid Electric
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 Hosehold
11.10.2 Commercial
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 Pure Electric
12.6.2 Hybrid Electric
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 Hosehold
12.10.2 Commercial
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 Pure Electric
13.6.2 Hybrid Electric
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 Hosehold
13.10.2 Commercial
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 Micro Electric Vehicles Market: Competitive Dashboard
14.2 Global Micro Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tesla
14.3.2 Renault
14.3.3 Toyota
14.3.4 BMW
14.3.5 Audi
14.3.6 BYD
14.3.7 Ford
14.3.8 Honda
14.3.9 Alta
14.3.10 E-Rex
14.3.11 Jinhua
14.3.12 Sanyo system
