Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Micro Electric Automotive (Micro EVs), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro Electric Automotive (Micro EVs). This report contains market size and forecasts of Micro Electric Automotive (Micro EVs) in global, including the following market information:
Global Micro Electric Automotive (Micro EVs) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Micro Electric Automotive (Micro EVs) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Micro Electric Automotive (Micro EVs) companies in 2022 (%)
The global Micro Electric Automotive (Micro EVs) market was valued at US$ 8415.8 million in 2022 and is projected to reach US$ 11900 million by 2029, at a CAGR of 5.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Micro Electric Automotive (Micro EVs) key players include Yogomo, Shifeng, Dojo, Byvin, Textron, etc.
China is the largest market, followed by Europe, and North America.
In terms of product, Lead-acid Battery EVs is the largest segment, with a share over 75%. And in terms of application, the largest application is Personal Use, followed by Commercial Use, Public Utilities.
We surveyed the Micro Electric Automotive (Micro EVs) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Micro Electric Automotive (Micro EVs) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Electric Automotive (Micro EVs) Market Segment Percentages, by Type, 2022 (%)
Lead-acid Battery EVs
Lithium-ion Battery EVs
Global Micro Electric Automotive (Micro EVs) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Electric Automotive (Micro EVs) Market Segment Percentages, by Application, 2022 (%)
Personal Use
Commercial Use
Public Utilities
Global Micro Electric Automotive (Micro EVs) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Micro Electric Automotive (Micro EVs) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Micro Electric Automotive (Micro EVs) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Micro Electric Automotive (Micro EVs) revenues share in global market, 2022 (%)
Key companies Micro Electric Automotive (Micro EVs) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Micro Electric Automotive (Micro EVs) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Micro Electric Automotive (Micro EVs), market overview.
Chapter 2: Global Micro Electric Automotive (Micro EVs) market size in revenue and volume.
Chapter 3: Detailed analysis of Micro Electric Automotive (Micro EVs) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Micro Electric Automotive (Micro EVs) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Micro Electric Automotive (Micro EVs) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
