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Report overview
The "Europe L6 Quadricycle Market" is valued at US$490 Million in 2024 and is projected to reach US$820 Million by 2030 to expand at a compound annual growth rate (CAGR) of 9.1% during the forecasted period.
The market for L6 quadricycles in Europe has grown significantly in recent years due to factors such as growing urbanization, environmental concerns, and the need for more affordable, compact, and environmentally friendly modes of transportation. Lightweight L6 quadricycles, which have a top speed of 45 km/h and a maximum weight of 425 kg, have grown in popularity as an alternative to conventional cars, particularly in busy European cities where parking is a problem and traffic jams are frequent.
The market is more mature in France, Italy and Spain where quadricycle registrations in 2016 were 24,415 (15% electric), 8,147 (19.6%) and 3,504 (6%) respectively. In Italy and Spain there is an established commercial MV market for deliveries and the agricultural sector.
Electric versions of these vehicles are becoming more and more popular, and in 2023, they made up more than 70% of all new quadricycle sales. Stricter emissions rules, a growing focus for urban sustainability, and government incentives across the EU all promote this move toward electric L6 vehicles. Particularly, electric L6 quadricycles, like the Citroën Ami, have drawn interest since they are emission-free, reasonably priced, and simple to operate; in many countries, they only require a full driver's license or little driving experience. Additionally, the industry is witnessing an increase in shared mobility solutions, which allow users to hire quadricycles for brief excursions, hence increasing use in urban areas.
Between 2010 and 2017, there has been a trend growth in the motorcycles and quadricycle market share at the expense of mopeds in European L-Category markets. Registrations of L-Category vehicles in the EU in 2017 were reported to be 1.3 million vehicles, with quadricycles making up 3.6% of all L-Category registrations; a marked drop from what had been a trend growth in the market share of quadricycles.
➣ Segmental Analysis
Electric L6 Quadricycles to hold the highest market share: By Type
Electric L6 Quadricycles hold the highest market share in the European L6 quadricycles market. With electric variants making up more than 70% of all new L6 quadricycles sold in 2023, this trend has been picking up speed. A number of causes, such as government subsidies for zero-emission vehicles, cleaner transportation-promoting urban policies, and the growing need for sustainable mobility solutions, are driving the expansion of electric L6 vehicles.
Internal combustion engine (ICE) L6 quadricycles continue to account for a sizeable share of the market, especially in nations with less developed infrastructure for electric vehicles or where gasoline-powered vehicles are still more reasonably priced. Stricter emissions laws and a movement in consumer preferences toward more environmentally friendly options, however, have been reducing their market share. Although they are becoming more popular, hybrid L6 quadricycles still only make up a small portion of the market. Although the hybrid versions combine electric motors with internal combustion engines, their higher prices and the growing demand for fully electric vehicles—which are seen to be more environmentally friendly in the long run—have prevented them from becoming widely used.
Electric Propulsion to hold the highest market share: By Propulsion Type
Electric propulsion has the largest market share in the European L6 quadricycle market. A number of factors have contributed to the trend for electric-powered L6 quadricycles, chief among them the increasing need for low-emission, environmentally friendly vehicles that are ideal for urban mobility. The use of zero-emission automobiles is encouraged by strict European emissions rules, which support this trend. Furthermore, government incentives like tax exemptions and purchasing subsidies help electric quadricycles become more appealing to buyers. These vehicles' appeal in urban areas is further increased by the fact that they are not subject to many of the low-emission zone taxes and urban congestion charges that conventional internal combustion engine (ICE) vehicles must pay in large cities.
2.4 million new electric cars were registered in 2023, up from 2 million in 2022. Registrations of new battery electric cars grew by 37%, while the number of newly registered plug-in hybrid cars fell by almost 4%. In 2023, a total of 91,000 new electric vans were registered, most of which were battery electric.
The rising availability of charging infrastructure, advancements in battery technology, and the lower operating costs of electric cars (EVs) in comparison to internal combustion engine (ICE) models are all contributing factors to the growing public preference for EVs. With a typical range of 100–150 km on a single charge, battery-powered L6 quadricycles are perfect for daily commutes and quick urban excursions. The Citroën Ami and Aixam eCity are two notable models that have contributed to the increased awareness and uptake of electric L6 vehicles.
According to the IEA, in Europe, new electric car registrations reached nearly 3.2 million in 2023, increasing by almost 20% relative to 2022. In the European Union, sales amounted to 2.4 million, with similar growth rates.
➣ Competitive Landscape
Aixam-Mega
Ligier Group
Renault
Grecav
Polaris Industries
Chatenet
Casalini
JDM Automobiles
Bellier
Microcar
Other Key Players
➣ Recent Development:
6th November, 2024: CA Auto Bank GmbH announced its new partnership with AIXAM Mega GmbH in the Australian market. Alexander Talsky, Sales Manager AIXAM Mega GmbH: “As an importer of the Aixam Mega brand, active in the light vehicle segment, we are pleased to have a strong and reliable cooperation partner with CA Auto Bank. This represents another milestone in our pursuit of “mobility for all” and beyond the traditional car. We look forward to a great collaboration with our well-established partner.”
➣ Industry Dynamics
➣ Industry Driver
Environmental Regulations and Sustainability Goals
The increasing popularity of electric L6 quadricycles has been significantly influenced by strict environmental restrictions in Europe that are intended to reduce emissions and promote greener mobility. As part of its Green Deal, the European Union (EU) has set aggressive environmental goals, aiming to attain carbon neutrality by 2050 and cut greenhouse gas emissions by 55% by 2030. The EU has put in place a number of measures aimed at promoting the use of zero-emission vehicles (ZEVs) in order to achieve these goals. These include tax breaks, subsidies, and exemptions from traffic fees, which help businesses and individuals that buy electric cars (EVs) by lowering costs.
For electric L6 quadricycles, these regulatory incentives are particularly impactful. The compact size and energy efficiency of quadricycles make them ideal for urban environments, where the demand for clean, affordable, and convenient transportation is high. Additionally, the reduction of road taxes, favorable leasing options, and access to green zones in city centers further boost the attractiveness of electric quadricycles for consumers. The policies also encourage manufacturers to develop more cost-effective and efficient electric quadricycle models, fostering innovation in the sector.
➣ Industry Trend
Shift toward Electrification
As governments around the world, especially in Europe, impose stricter emissions rules, there is a growing need for low-emission, sustainable transportation options, which is driving the car industry's shift toward electrification. A cleaner alternative to conventional internal combustion engine (ICE) vehicles, electric vehicles (EVs) are at the heart of this shift. Because of their small size, low energy consumption, and negligible environmental impact, electric quadricycles have become a popular option for urban settings.
Electric quadricycles are growing more popular in urban areas, which frequently struggle with issues including noise pollution, traffic jams, and air pollution. They are perfect for crowded places where conventional automobiles might not be feasible because to their compact size, ability to maneuver through tight spaces, and effective electric drivetrains. In cities with low-emission zones, where more stringent laws are being implemented to enhance air quality and lower carbon emissions, these cars are especially alluring. Electric quadricycles are frequently free from the constraints imposed on traditional cars in these areas, making them a useful and legal mode of transportation.
➣ Industry Restraint
High Initial Purchase Cost
The high initial cost of buying is one of the main factors limiting the expansion of the electric L6 quadricycle market. Compared to conventional internal combustion engine (ICE) cars, electric quadricycles have reduced operating costs over time, especially because they require less maintenance and don't require fuel. However, the initial cost is still a major obstacle. The cost of electric vehicle (EV) technology, particularly the batteries, which are the most costly part of the car, is the primary cause of this. Even if their cost and efficiency have improved, lithium-ion batteries still make up a sizable amount of the total cost of a car.
Even with government subsidies, tax breaks, and other incentives aimed at lowering the cost of electric quadricycles, many prospective consumers may find the initial outlay of funds to be unaffordable. This is especially true in places where consumers are price-sensitive and can be hesitant to pay more for electric cars, even if they are expected to save money over time. When compared to other, non-electric options like conventional scooters, small automobiles, or motorbikes, the purchase price of electric quadricycles, which can range from a few thousand to over ten thousand euros, may be deemed too exorbitant.
➣ Report Scope
The report includes Global & Regional market status and outlook for 2017-2028. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by product types, propulsion type, end user, applications. The report also covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin 2017-2028 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
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