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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.
Attracted by the market profits, more and more companies have entered into Micro EVs industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of Micro EVs industry in global market, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Yogomo, Dojo and Shifeng have obvious large sales market share.
Market Analysis and Insights: Global Micro Electric Automotive (Micro EVs) Market
The global Micro Electric Automotive (Micro EVs) market was valued at US$ 8805.7 in 2020 and will reach US$ 12000 million by the end of 2027, growing at a CAGR of 5.3% during 2022-2027.
Global Micro Electric Automotive (Micro EVs) Scope and Market Size
The global Micro Electric Automotive (Micro EVs) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Micro Electric Automotive (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 2016-2027.
Segment by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segment by Application
Personal Use
Commercial Use
Public Utilities
The Micro Electric Automotive (Micro EVs) market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro Electric Automotive (Micro EVs) market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
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
Attracted by the market profits, more and more companies have entered into Micro EVs industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of Micro EVs industry in global market, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Yogomo, Dojo and Shifeng have obvious large sales market share.
Market Analysis and Insights: Global Micro Electric Automotive (Micro EVs) Market
The global Micro Electric Automotive (Micro EVs) market was valued at US$ 8805.7 in 2020 and will reach US$ 12000 million by the end of 2027, growing at a CAGR of 5.3% during 2022-2027.
Global Micro Electric Automotive (Micro EVs) Scope and Market Size
The global Micro Electric Automotive (Micro EVs) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Micro Electric Automotive (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 2016-2027.
Segment by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segment by Application
Personal Use
Commercial Use
Public Utilities
The Micro Electric Automotive (Micro EVs) market is analysed and market size information is provided by regions (countries). Segment by Application, the Micro Electric Automotive (Micro EVs) market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
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.
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