DUBLIN—Research and Markets has announced the addition of the "Global Micro Electric Vehicle Market 2016-2020" report to their offering.
The global micro electric vehicle market to grow at a CAGR of 17.26% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global micro electric vehicle market for 2016-2020. To calculate the market size, the report considers the revenue generated from the on volume sales of micro electric vehicles in the global market. The report also includes a discussion of the key vendors operating in this market.
Micro electric vehicles are vehicles that are engineered with battery electric propulsion systems with a power rating of 4 kWh-15 kWh. They come in two to four-seater vehicle options. This class of vehicles was earlier considered in the electric vehicles category. However, with increased demand for micro electric vehicles (and rapid market growth), they are now considered an independent category of vehicles. The global micro electric vehicles market is primarily classified into two segments: quadricycles and golf carts and micro cars.
According to the report, the global automotive industry is on the path of growth and development with sales figure reaching new heights YoY. The EU recorded 9.3% growth in 2014, followed by 5.7% in North America, while China's automotive sales declined to a 7.3% compared with 10% in 2014. The electric cars industry is also experiencing rapid growth in the automotive market, owing to its inherent advantages. Though the electric vehicle market is still in its growth stage, it is rapidly shifting gears and offering stiff competition to oil and gas-powered vehicles.
Key vendors
- Ingersoll Rand
- Polaris Industries
- Smart Automobile Company
- Textron
- Yamaha Motors
Other prominent vendors
- Italcar
- ParCar
- Rhoades Car
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by geography
Part 07: Market segmentation by vehicle type
Part 08: Market drivers
Part 09: Market challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/lx3w2q/global_micro
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Research and Markets
Laura Wood, Senior Manager
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Related Topics: Electric and Hybrid Vehicles
