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Global Motorized Quadricycle Market 2018-2022

Global Motorized Quadricycle Market 2018-2022

About this market

Electric quadricycles have a lower carbon footprint as compared to conventional four-and two-wheelers. Progressing awareness about environmental pollution is encouraging the buyers to invest in electric vehicles. Electric motorized quadricycles offer increased saving on fuel costs. For instance, NISSAN MOTOR's New Mobility Concept vehicles launched in Japan were mainly preferred by users due to their lower maintenance costs, low energy consumption, and limited requirement for parking, especially within busy city areas. Sales and production of motorized quadricycles are anticipated to increase during the forecast period as it offers an affordable and convenient mode of personal transport.

Market Overview

Increasing need for an economical personal mode of transportation

The rising need for low-cost modes of personal transportation drives the sales of motorized quadricycles in all regions. Motorized quadricycles offer a safer alternative to two-wheeler riders for commuting. Two-wheeler riders are constantly exposed to extremities of the weather. A motorized quadricycle offers increased weather protection by enclosing the occupants within a closed cabin.

Lack of safety of motorized quadricycles

Quadricycles are small vehicles that weigh about 450 kg with a maximum speed of about 45 miles per hour. These vehicles are built as a cost-effective mode of transportation. A large number of countries do not have a specific vehicle classification or prescribed safety standards for motorized quadricycles.

For the detailed list of factors that will drive and challenge the growth of the motorized quadricycle market during the 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Renault and TECNO MECCANICA IMOLA the competitive environment is quite intense. Factors such as the increasing need for an economical personal mode of transportation, will provide considerable growth opportunities to motorized quadricycle manufactures. Bajaj Auto, Ligier Group, Mahindra & Mahindra, Polaris Industries, Renault, and TECNO MECCANICA IMOLA are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Motorized Quadricycle Market 2018-2022

Technavio recognizes the following companies as the key players in the global motorized quadricycle market: Bajaj Auto, Ligier Group, Mahindra & Mahindra, Polaris Industries, Renault, and TECNO MECCANICA IMOLA

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is launch of hydrogen fuel cell motorized quadricycle. Vehicle makers are focusing on developing motorized quadricycles with alternative powertrain to reduce emissions and carbon footprint. Moreover, the active support from the governing bodies to promote alternative energy motorized quadricycles is encouraging the manufacturers to develop hydrogen fuel motorized quadricycles.”

According to the report, one driver in the market is increasing need for an economical personal mode of transportation. The rising need for low-cost modes of personal transportation drives the sales of motorized quadricycles in all regions. Motorized quadricycles offer a safer alternative to two-wheeler riders for commuting. Two-wheeler riders are constantly exposed to extremities of the weather. A motorized quadricycle offers increased weather protection by enclosing the occupants within a closed cabin

Further, the report states that one challenge in the market is lack of safety of motorized quadricycles. Quadricycles are small vehicles that weigh about 450 kg with a maximum speed of about 45 miles per hour. These vehicles are built as a cost-effective mode of transportation. A large number of countries do not have a specific vehicle classification or prescribed safety standards for motorized quadricycles.

Companies Mentioned

Bajaj Auto

Ligier Group

Mahindra & Mahindra

Polaris Industries

Renault

TECNO MECCANICA IMOLA

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global motorized quadricycle market - Market size and forecast 2017-2022 (thousand units)
      • Table Global motorized quadricycle market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by powertrain type
    • Segmentation by operation type
      • Table Powertrain type - Market share 2017-2022 (%)
    • Comparison by powertrain type
      • Table Comparison by operation type
    • Conventional fuel quadricycles - Market size and forecast 2017-2022
      • Table Conventional fuel quadricycles - Market size and forecast 2017-2022 (thousand units)
      • Table Conventional fuel quadricycles - Year-over-year growth 2018-2022 (%)
    • Electric motorized quadricycles - Market size and forecast 2017-2022
      • Table Electric motorized quadricycles - Market size and forecast 2017-2022 (thousand units)
      • Table Electric motorized quadricycles - Year-over-year growth 2018-2022 (%)
    • Market opportunity by powertrain type
      • Table Market opportunity by powertrain
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global motorized quadricycle market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 (thousand units)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 (thousand units)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 (thousand units)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Launch of hydrogen fuel cell motorized quadricycle
    • Advanced battery options for motorized electric quadricycles
    • Development of solar-powered motorized quadricycles
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bajaj Auto
      • Table Bajaj Auto: Vendor overview
      • Table Bajaj Auto - Business segments
      • Table Bajaj Auto - Organizational developments
      • Table Bajaj Auto - Geographical focus
      • Table Bajaj Auto - Segment focus
      • Table Bajaj Auto - Key offerings
    • Ligier Group
      • Table Ligier Group: Vendor overview
      • Table Ligier Group - Business segments
      • Table Ligier Group - Organizational developments
      • Table Ligier Group - Key offerings
    • Mahindra & Mahindra
      • Table Mahindra & Mahindra: Vendor overview
      • Table Mahindra & Mahindra - Business segments
      • Table Mahindra & Mahindra - Organizational developments
      • Table Mahindra & Mahindra - Geographical focus
      • Table Mahindra & Mahindra- Segment focus
      • Table Mahindra & Mahindra - Key offerings
    • Polaris Industries
      • Table Polaris Industries: Vendor overview
      • Table Polaris Industries - Business segments
      • Table Polaris Industries - Organizational developments
      • Table Polaris Industries - Geographical focus
      • Table Polaris Industries - Segment focus
      • Table Polaris Industries- Key offerings
    • Renault
      • Table Renault: Vendor overview
      • Table Renault - Business segments
      • Table Renault - Organizational developments
      • Table Renault - Geographical focus
      • Table Renault - Key offerings
    • TECNO MECCANICA IMOLA
      • Table TECNO MECCANICA IMOLA: Vendor overview
      • Table TECNO MECCANICA IMOLA - Business segments
      • Table TECNO MECCANICA IMOLA - Organizational developments
      • Table TECNO MECCANICA IMOLA - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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