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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 23.46 billion by 2029 | 12.7% | Asia Pacific |
| By Battery Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Micro Electric Automotive (Micro EVs) Market Overview
The microelectric automotive (micro EVs) market is expected to grow at 12.7% CAGR from 2022 to 2029. It is expected to reach above USD 23.46 billion by 2029 from USD 8.32 billion in 2020.
The category of micro-automotive includes micro-EVs. These cars are built to offer durable answers to the present and foreseeable challenges with urban traffic. This invention is a single- or dual-seat electric vehicle that utilizes a battery system that is similar to but smaller than that of a large vehicle. Moreover, the majority of these automobiles have a minimal structural footprint due to they are made of carbon and have bodywork made of biologically complicated composite materials. Due to of their size and weight advantages over conventional electric vehicles, these cars are ideally suited for urban environments. The ubiquity of this innovation will likely increase as a result of this element.
The dedicated consortium for the development of micro-electric vehicles is just one of several variables influencing the market’s growth. Demand is driven by completely new designs and automotive platforms, government subsidies to micro-EV automakers inspire designers of these vehicles, scientific advancements in the production of Li-ion batteries, and low maintenance costs leading to greater dependability.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Thousand Units). |
| Segmentation | By Battery Type, By Application, By Region. |
| By Battery Type
 |
|
| By Application
 |
|
| By Region |
|
To encourage the sales of electric and micro-electric vehicles, governments and public organizations are some subsidies and programs. Yet, they are also dedicated to developing beneficial regulatory schemes, a network of electric vehicle charging stations, and other forms of financial assistance. Prices for electric and micro-electric vehicles have decreased as a result of the growth of zero-emission vehicles and government policy support. Also, factors like the development of charging stations and the growing emphasis on extending the range of automobiles have fueled the demand for micro electric introducing and electric automobiles worldwide.
The implementation of electric vehicles comes at a great expense in terms of infrastructure and technology. Compared to gasoline-powered vehicles, electric vehicles cost more. As the source of the vehicle’s power, the battery is regarded as being the most crucial component. A charger and other tools are necessary for regular battery replacements in electric vehicles. The price of batteries, chargers, and installation will hence go up for mini EVs. These vehicles cost more than conventional internal combustion engine (ICE) cars due to all of these factors. These could have an effect on the market’s expansion during the forecast.Mini EVs provide a cost-effective and sustainable choice for city travel. Particularly in developing nations where there is a great need for economical and effective transportation solutions, the market for these automobiles is growing quickly. To cut carbon emissions and fight air pollution, governments all around the world are encouraging the use of electric vehicles. Due to of this, several nations provide tax credits, rebates, and other incentives to promote the purchase of electric vehicles. Many supply networks have been damaged by the new COVID-19 pandemic’s spread. Car firms must proceed cautiously with their reopening due to the uncertain economic climate. Second tiers, particularly the tertiary network, may be significantly impacted by interference for automakers with global distribution networks. The industry pioneer in miniature electric vehicles runs an assembly line in the North American market. Yet, a lot of makers of electric vehicles rely on battery-specific auto parts that are imported from China. However, the third quarter of 2020 saw a significant improvement in demand in North America and Europe due to the expansion of the fleet of micro-electric vehicles used for food and grocery delivery.
Micro Electric Automotive (Micro EVs) Market Segment Analysis
The micro electric automotive (micro EVs) market is segmented based on battery type and application.
Lead acid and lithium-ion batteries are the two types of batteries that make up the market. Due to the increasing use of electric vehicles and the better qualities of lithium-ion batteries, the category is predicted to dominate the market. Due to their widespread accessibility, the market segment for lead-acid batteries is predicted to develop significantly.
According on the application, the market is divided into commercial use, personal use, and public utilities. Due to its extensive micro electric automotive uses in commercial golf courses and entertaining theme parks, the commercial use category is anticipated to hold the greatest market share over the projection period. Micro electric commercial vehicles are becoming more and more popular, particularly for the delivery of cargo and industrial commodities. Due to its rising popularity, the personal usage segment is anticipated to exhibit exponential growth. Due to its growing usage in private businesses for staff mobility, the public utility industry is expected to experience significant growth.
Micro Electric Automotive (Micro EVs) Market Player
The micro electric automotive (micro EVs) market key players includes Textron, Polaris Inc., Baoya, Club Car, Yamaha Golf-Car Company, Italcar Industrial S.R.L., Yogomo, Renault Group, Alta Zero Emissions Solution, Toyota, BMW, Audi.
11 May 2022: Kautex Textron GmbH & Co., KG (Kautex), a Textron Inc. (NYSE: TXT) company, announced its commitment to near-term, company-wide emission reduction targets in line with climate science with the Science Based Targets initiative (SBTi).
30 March 2022: Textron Ground Support Equipment Inc., a Textron Inc. (NYSE: TXT) company and a leading supplier of ground support equipment for the global aviation industry, is proud to announce that it collaborate with General Motors (GM) and Powertrain Control Solutions (PCS) to electrify its diverse product line.
Key stakeholders
- Manufacturers
- Suppliers
- Governments
- Consumers
- Infrastructure providers
- Investors
- Others
Micro Electric Automotive (Micro EVs) Market Regional Analysis
The micro electric automotive (micro EVs) market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Asia Pacific held more than 52% of the micro electric automotive (micro EVs) market revenue share in 2021 and will witness expansion in the forecast period. Over the forecast period, Asia Pacific is anticipated to account for the majority of the worldwide micro electric automobile market share, which is likely to reach USD 4.51 billion in 2021. This is a result of the battery electric vehicle being more affordable in nations like China in the area. Given the enormous demand there, General Motors is concentrating on the China market.
Due to the region’s increasing popularity and adoption of micro EVs, Europe and North America are expected to experience significant growth. The second-largest market for micro electric vehicles in terms of volume is Europe. Due to the country’s expanding sports, leisure, and fun activities, the United States is predicted to experience significant growth.
Key Market Segments: Micro Electric Automotive (Micro EVs) Market
Micro Electric Automotive (Micro EVs) Market By Battery Type, 2020-2029, (USD Billion), (Thousand Units).
- Lead Acid Battery
- Lithium-Ion Battery
Micro Electric Automotive (Micro EVs) Market By Application, 2020-2029, (USD Billion), (Thousand Units).
- Commercial Use
- Personal Use
- Public Utilities
Micro Electric Automotive (Micro EVs) Market By Region, 2020-2029, (USD Billion), (Thousand Units).
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Key Question Answered
- What is the expected growth rate of the micro electric automotive (micro EVs) market over the next 7 years?
- Who are the major players in the micro electric automotive (micro EVs) market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the micro electric automotive (micro EVs) market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the micro electric automotive (micro EVs) market?
- What is the current and forecasted size and growth rate of the global micro electric automotive (micro EVs) market?
- What are the key drivers of growth in the micro electric automotive (micro EVs) market?
- What are the distribution channels and supply chain dynamics in the micro electric automotive (micro EVs) market?
- What are the technological advancements and innovations in the micro electric automotive (micro EVs) market and their impact on application development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the micro electric automotive (micro EVs) market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the micro electric automotive (micro EVs) market?
- What are the products offerings and specifications of leading players in the market?
- What is the pricing trend of micro electric automotive (micro EVs) in the market and what is the impact of raw application prices on the price trend?
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) OUTLOOK
- GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION, THOUSAND UNITS)
- LEAD ACID BATTERY
- LITHIUM-ION BATTERY
- GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION, THOUSAND UNITS)
- COMMERCIAL USE
- PERSONAL USE
- PUBLIC UTILITIES
- GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY REGION (USD BILLION, THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- TEXTRON
- POLARIS INC.
- BAOY
- CLUB CAR
- YAMAHA GOLF-CAR COMPANY
- ITALCAR INDUSTRIAL S.R.L.
- YOGOMO
- RENAULT GROUP
- ALTA ZERO EMISSIONS SOLUTION
- TOYOTA
- BMW
- AUDI
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 3 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 5 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 7 NORTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 8 NORTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 9 NORTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 11 NORTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 13 US MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 14 US MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 15 US MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 US MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 17 CANADA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 18 CANADA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 19 CANADA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 CANADA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 21 MEXICO MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 22 MEXICO MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 23 MEXICO MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 MEXICO MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 25 SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 26 SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 27 SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 29 SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 30 SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 31 BRAZIL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 32 BRAZIL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 33 BRAZIL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 BRAZIL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 35 ARGENTINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 36 ARGENTINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 37 ARGENTINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 ARGENTINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 39 COLOMBIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 40 COLOMBIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 41 COLOMBIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 COLOMBIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 43 REST OF SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 44 REST OF SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 45 REST OF SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 REST OF SOUTH AMERICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 47 ASIA-PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 48 ASIA-PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 49 ASIA-PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50 ASIA-PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 51 ASIA-PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52 ASIA-PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 53 INDIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 54 INDIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 55 INDIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56 INDIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 57 CHINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 58 CHINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 59 CHINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 CHINA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 61 JAPAN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 62 JAPAN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 63 JAPAN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 JAPAN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 65 SOUTH KOREA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 66 SOUTH KOREA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 67 SOUTH KOREA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68 SOUTH KOREA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 69 AUSTRALIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 70 AUSTRALIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 71 AUSTRALIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 AUSTRALIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 73 SOUTH EAST ASIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 74 SOUTH EAST ASIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 75 SOUTH EAST ASIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76 SOUTH EAST ASIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 77 REST OF ASIA PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 78 REST OF ASIA PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 79 REST OF ASIA PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 REST OF ASIA PACIFIC MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 81 EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 82 EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 83 EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84 EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 85 EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86 EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 87 GERMANY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 88 GERMANY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 89 GERMANY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 GERMANY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 91 UK MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 92 UK MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 93 UK MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94 UK MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 95 FRANCE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 96 FRANCE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 97 FRANCE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 FRANCE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 99 ITALY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 100 ITALY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 101 ITALY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102 ITALY MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 103 SPAIN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 104 SPAIN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 105 SPAIN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106 SPAIN MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 107 RUSSIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 108 RUSSIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 109 RUSSIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 RUSSIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 111 REST OF EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 113 REST OF EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114 REST OF EUROPE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 115 MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 116 MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 117 MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118 MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 119 MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120 MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 121 UAE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 122 UAE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 123 UAE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 UAE MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 125 SAUDI ARABIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 126 SAUDI ARABIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 127 SAUDI ARABIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128 SAUDI ARABIA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 129 SOUTH AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 130 SOUTH AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 131 SOUTH AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132 SOUTH AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 133 REST OF MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 134 REST OF MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE (THOUSAND UNITS), 2020-2029
TABLE 135 REST OF MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 REST OF MIDDLE EAST AND AFRICA MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY BATTERY TYPE, USD BILLION, 2021
FIGURE 13 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14 GLOBAL MICRO ELECTRIC AUTOMOTIVE (MICRO EVS) MARKET BY REGION, USD BILLION, 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 TEXTRON: COMPANY SNAPSHOT
FIGURE 17 POLARIS INC.: COMPANY SNAPSHOT
FIGURE 18 BAOYA: COMPANY SNAPSHOT
FIGURE 19 CLUB CAR: COMPANY SNAPSHOT
FIGURE 20 YAMAHA GOLF-CAR COMPANY: COMPANY SNAPSHOT
FIGURE 21 ITALCAR INDUSTRIAL S.R.L.: COMPANY SNAPSHOT
FIGURE 22 YOGOMO: COMPANY SNAPSHOT
FIGURE 23 RENAULT GROUP: COMPANY SNAPSHOT
FIGURE 24 ALTA ZERO EMISSIONS SOLUTION: COMPANY SNAPSHOT
FIGURE 25 TOYOTA: COMPANY SNAPSHOT
FIGURE 26 BMW: COMPANY SNAPSHOT
FIGURE 27 AUDI: COMPANY SNAPSHOT
FAQ
The micro electric automotive (micro EVs) market is expected to grow at 12.7% CAGR from 2022 to 2029. It is expected to reach above USD 23.46 Billion by 2029 from USD 8.32 Billion in 2020.
Asia Pacific held more than 52% of the micro electric automotive (micro EVs) market revenue share in 2021 and will witness expansion in the forecast period.
To encourage the sales of electric and micro-electric vehicles, governments and public organizations are introducing a number of subsidies and programmes. Yet, they are also dedicated to developing beneficial regulatory schemes, a network of electric vehicle charging stations, and other forms of financial assistance. Prices for electric and micro-electric vehicles have decreased as a result of the growth of zero-emission vehicles and government policy support.
According on the application, the market is divided into commercial use, personal use, and public utilities. Due to its extensive micro electric automotive uses in commercial golf courses and entertaining theme parks, the commercial use category is anticipated to hold the greatest market share over the projection period.
Asia Pacific held more than 52% of the micro electric automotive (micro EVs) market revenue share in 2021 and will witness expansion in the forecast period. Over the forecast period, Asia Pacific is anticipated to account for the majority of the worldwide micro electric automobile market share, which is likely to reach USD 4.51 billion in 2021.
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