Market Overview:
The global motorized quadricycles market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for light quadricycles and heavy quadricycles across different applications such as household and commercial. North America is expected to lead the global motorized quadricycles market in terms of revenue, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
A motorized quadricycle is a four-wheeled vehicle that has been designed to be powered by an electric or internal combustion engine. These vehicles are often used as alternative forms of transportation, and they can be helpful for people who need a way to get around in areas where traditional automobiles are not allowed.
Light Quadricycles:
Light Quadricycles (LQ) are a new type of vehicle that has been developed in the last few years. They have four wheels and an electric motor, which can propel the vehicle forward using treads or skateboards-like attachments. The design is similar to a conventional bicycle but with large tires and space for seating as well as cargo.
The global market size was valued at USD 4,867.1 million in 2015.
Heavy Quadricycles:
Heavy Quadricycles (HQC) are four-wheeled vehicles with a large turning circle. The design of the vehicle is characterized by high ground clearance and wide wheelbase. These types of vehicles are commonly used for off-road applications such as agriculture, construction, mining or other similar activities that require large turning circles at low speed.
Application Insights:
The commercial application segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising adoption of these vehicles for deliveries and pick-ups at restaurants, hotels, hospitals and other places of public gathering. These vehicles are also used for tourism purposes by visiting dignitaries or foreign diplomats as a form of personal security protection.
Household application was the second largest segment in 2017 and is expected to witness considerable growth over the forecast period owing to increasing urbanization coupled with changing lifestyles that require more mobility than ever before. Rising awareness regarding health & fitness along with an increase in spending on home appliances has resulted in a rise in demand for motorized quads among consumers globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing investments by companies for manufacturing and sales of these vehicles, availability of cheap labor, favorable government regulations for usage of two-wheelers and low maintenance cost as compared to four-wheelers. Moreover, rising disposable income among middle class population groups will boost demand further in this region during the forecast period.
North America accounted for a significant share in global market owing to high demand from UAV operators who use these vehicles for aerial survey and inspection work at construction sites, oil rigs & pipelines along with other industrial applications across UAV flight paths or hazardous terrains such as mountains or forested areas where it is not possible to deploy conventional drones due to regulatory restrictions imposed by aviation authorities such as Federal Aviation Administration (FAA) within United States airspace that limits their operations based on weight capacity etc.
Growth Factors:
- Increasing demand for motorized quadricycles from the commercial sector for goods transportation
- Growing popularity of motorized quadricycles as a leisure activity, especially among adventure enthusiasts
- Rising disposable income of consumers in developing countries, which is fueling demand for luxury vehicles
- Technological advancements that are making these vehicles more efficient and user-friendly
- Government initiatives and regulations supporting the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorized Quadricycles Market Research Report
By Type
Light Quadricycles, Heavy Quadricycles
By Application
Household, Commercial
By Companies
Aixam, Ligier, Club Car, Bajaj Auto, Chatenet, Renault, Tazzari Zero, Casalini, Bellier
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Motorized Quadricycles Market Report Segments:
The global Motorized Quadricycles market is segmented on the basis of:
Types
Light Quadricycles, Heavy Quadricycles
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
Household, 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:
- Aixam
- Ligier
- Club Car
- Bajaj Auto
- Chatenet
- Renault
- Tazzari Zero
- Casalini
- Bellier
Highlights of The Motorized Quadricycles 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:
- Light Quadricycles
- Heavy Quadricycles
- By Application:
- Household
- 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 Motorized Quadricycles 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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- Consumer Insights
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- Product & Brand Management
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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?
A motorized quadricycle is a four-wheeled vehicle that uses an electric motor to power the vehicle. Quadricycles are typically designed for recreational use, but they can also be used for transportation purposes.
Some of the key players operating in the motorized quadricycles market are Aixam, Ligier, Club Car, Bajaj Auto, Chatenet, Renault, Tazzari Zero, Casalini, Bellier.
The motorized quadricycles market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motorized Quadricycles 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 Motorized Quadricycles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Motorized Quadricycles 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 Motorized Quadricycles 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 Motorized Quadricycles Market Size & Forecast, 2020-2028
4.5.1 Motorized Quadricycles Market Size and Y-o-Y Growth
4.5.2 Motorized Quadricycles 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 Light Quadricycles
5.2.2 Heavy Quadricycles
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 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorized Quadricycles 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 Motorized Quadricycles 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 Light Quadricycles
9.6.2 Heavy Quadricycles
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 Household
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 Light Quadricycles
10.6.2 Heavy Quadricycles
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 Household
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 Light Quadricycles
11.6.2 Heavy Quadricycles
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 Household
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 Light Quadricycles
12.6.2 Heavy Quadricycles
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 Household
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 Light Quadricycles
13.6.2 Heavy Quadricycles
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 Household
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 Motorized Quadricycles Market: Competitive Dashboard
14.2 Global Motorized Quadricycles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aixam
14.3.2 Ligier
14.3.3 Club Car
14.3.4 Bajaj Auto
14.3.5 Chatenet
14.3.6 Renault
14.3.7 Tazzari Zero
14.3.8 Casalini
14.3.9 Bellier
