Global Micro Electric Automotive (Micro EVs) Market is expected to grow at a CAGR of around 12.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for electric vehicles and stringent government regulations on emission norms. The market is also witnessing growth due to the rising awareness about environmental pollution and global warming.
The global micro electric automotive (micro EVs) market can be segmented on the basis of type, application, and region. On the basis of type, it can be segmented into leaacid battery EVs and lithium ion battery EVs; on the basis of application, it can be segmented into personal use, commercial use, public utilities; and on the basis of region it can be segmented into North America, Latin America, Europe Asia Pacific Middle East & Africa).
Some Of The Growth Factors Of This Market:
- The increasing demand for electric vehicles and the need to reduce greenhouse gas emissions are some of the factors driving the growth of this market.
- The lack of charging infrastructure, high cost, and low range are some of the factors restraining this market's growth.
- Asia Pacific is expected to be one of the fastest-growing regions in terms of Micro EVs adoption due to its large population and rapid economic development in countries such as China and India.
- North America is expected to be one of the largest markets for Micro EVs due to its large number of EV manufacturers.
Industry Growth Insights published a new data on “Micro Electric Automotive (Micro EVs) Market”. The research report is titled “Micro Electric Automotive (Micro EVs) Market research by Types (Lead-acid Battery EVs, Lithium-ion Battery EVs), By Applications (Personal Use, Commercial Use, Public Utilities), By Players/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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Electric Automotive (Micro EVs) Market Research Report
By Type
Lead-acid Battery EVs, Lithium-ion Battery EVs
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Micro Electric Automotive (Micro EVs) Market Report Segments:
The global Micro Electric Automotive (Micro EVs) market is segmented on the basis of:
Types
Lead-acid Battery EVs, Lithium-ion Battery EVs
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
 Market Overview.svg)
Highlights of The Micro Electric Automotive (Micro EVs) 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 EVs
- Lithium-ion Battery EVs
- 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 (Micro EVs) 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
 Market Statistics.svg)
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 (MEA) is a new category of electric vehicles that are smaller and lighter than traditional cars. They typically have a range of about 100 miles, and can be powered by batteries or solar panels.
Some of the major companies in the micro electric automotive (micro evs) 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.
The micro electric automotive (micro evs) market is expected to register a CAGR of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Market - Supply Chain
4.5. Global Micro Electric Automotive (Micro EVs) Market Forecast
4.5.1. Micro Electric Automotive (Micro EVs) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro Electric Automotive (Micro EVs) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro Electric Automotive (Micro EVs) Market Absolute $ Opportunity
5. Global Micro Electric Automotive (Micro EVs) 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 (Micro EVs) Market Size and Volume Forecast by Type
5.3.1. Lead-acid Battery EVs
5.3.2. Lithium-ion Battery EVs
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Demand Share Forecast, 2019-2026
9. North America Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Market Size and Volume Forecast by Type
9.7.1. Lead-acid Battery EVs
9.7.2. Lithium-ion Battery EVs
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 (Micro EVs) Demand Share Forecast, 2019-2026
10. Latin America Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Market Size and Volume Forecast by Type
10.7.1. Lead-acid Battery EVs
10.7.2. Lithium-ion Battery EVs
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 (Micro EVs) Demand Share Forecast, 2019-2026
11. Europe Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Market Size and Volume Forecast by Type
11.7.1. Lead-acid Battery EVs
11.7.2. Lithium-ion Battery EVs
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 (Micro EVs) Demand Share, 2019-2026
12. Asia Pacific Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Market Size and Volume Forecast by Type
12.7.1. Lead-acid Battery EVs
12.7.2. Lithium-ion Battery EVs
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 (Micro EVs) Demand Share, 2019-2026
13. Middle East & Africa Micro Electric Automotive (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) 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 (Micro EVs) Market Size and Volume Forecast by Type
13.7.1. Lead-acid Battery EVs
13.7.2. Lithium-ion Battery EVs
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 (Micro EVs) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro Electric Automotive (Micro EVs) Market: Market Share Analysis
14.2. Micro Electric Automotive (Micro EVs) Distributors and Customers
14.3. Micro Electric Automotive (Micro EVs) 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
