Global Micro EVs Sales Market Report 2020
A micro electric vehicle (EV) is a four-wheeled electric powered micro vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it usually has a gross vehicle weight rating (GVWR) of less than 3,000 pounds.
Neighborhood electric vehicles (NEVs), golf carts and utility terrain vehicles all fall into this category.
Global Sales of Micro EVs surged in the past two years with the good sales of scooters in China market. Global Micro EVs are expected to sell 2.51 million units in 2025 and more than 80% will appear in China market, which exhibits a promising trend of the industry. For the products types, lithium ion batteries based Micro EVs are more favored in USA, Europe and Japan, while lead-acid batteries based products take a large market share in China.
Market Analysis and Insights: Global Micro EVs Market
The global Micro EVs market size is projected to reach US$ 11100 million by 2026, from US$ 7190.2 million in 2020, at a CAGR of 7.5% during 2021-2026.
Global Micro EVs Scope and Market Size
The global Micro EVs market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Micro EVs market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Micro EVs market is segmented into
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segment by Application, the Micro EVs market is segmented into
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
The Micro EVs market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro EVs market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Micro EVs market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Micro EVs business, the date to enter into the Micro EVs market, Micro EVs product introduction, recent developments, etc.
The major vendors covered:
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
Neighborhood electric vehicles (NEVs), golf carts and utility terrain vehicles all fall into this category.
Global Sales of Micro EVs surged in the past two years with the good sales of scooters in China market. Global Micro EVs are expected to sell 2.51 million units in 2025 and more than 80% will appear in China market, which exhibits a promising trend of the industry. For the products types, lithium ion batteries based Micro EVs are more favored in USA, Europe and Japan, while lead-acid batteries based products take a large market share in China.
Market Analysis and Insights: Global Micro EVs Market
The global Micro EVs market size is projected to reach US$ 11100 million by 2026, from US$ 7190.2 million in 2020, at a CAGR of 7.5% during 2021-2026.
Global Micro EVs Scope and Market Size
The global Micro EVs market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Micro EVs market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Segment by Type, the Micro EVs market is segmented into
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segment by Application, the Micro EVs market is segmented into
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
The Micro EVs market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro EVs market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Micro EVs Market Share AnalysisMicro EVs market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Micro EVs business, the date to enter into the Micro EVs market, Micro EVs product introduction, recent developments, etc.
The major vendors covered:
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
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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