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Europe Electric Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Vehicle Type, By Propulsion (Pure Electric and Hybrid Electric), By Application, By Seating Capacity, By Battery Type, By Drive Type, By Country and Growth Forecast, 2

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 136 Pages Knowledge Based Value (KBV) Research November, 2022 KBV17582959
Best Price Guarantee
Price from $1,500
Length 136 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date November, 2022
SKU KBV17582959

Europe Electric Utility Vehicle Market Size, Share & Industry Trends Analysis Report By Vehicle Type, By Propulsion (Pure Electric and Hybrid Electric), By Application, By Seating Capacity, By Battery Type, By Drive Type, By Country and Growth Forecast, 2022 - 2028

The Europe Electric Utility Vehicle Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).

Since the introduction of the first electric carriage, electric utility vehicles have been utilized for commercial as well as work-related purposes. During the postwar period, there was a demand for lightweight utility vehicles that did not rely on fossil fuels. At that time, a number of researchers and inventors were required to create and manufacture a low-speed vehicle powered by an alternate fuel source.

Electric cars (EVs) are gaining popularity as primary vehicles as a result of their low emissions, cheaper fuel source, and reduced maintenance requirements. Nevertheless, the advantages of electric vehicles are not limited to cars and trucks. There are also numerous electric utility cars on the market that can meet all of the outside requirements of customers. Similarly, to standard EVs, electric utility vehicles are quieter than ordinary UTVs, and it is less expensive to use electricity as a fuel source as opposed to gasoline.

The presence of well-established automobile manufacturers in Europe, in addition to ongoing developments for intelligent and cleaner delivery services in the region, is anticipated to result in significant growth in the market for electric utility services in Europe. This growth is likely to be substantial. For instance, in 2018, United Parcel Service (UPS) made an announcement on the debut of an electric vehicle (EV) charging infrastructure for its delivery fleet in London. The goal of this initiative was to provide more efficient and environmentally friendly delivery services.

The Germany market dominated the Europe Electric Utility Vehicle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,700.1 million by 2028.The UK market is anticipated to grow at a CAGR of 4.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.9% during (2022 - 2028).

Based on Vehicle Type, the market is segmented into Industrial Electric Utility Vehicles, Electric Shuttle Carts, Electric Utility Carts, Electric UTVs and Electric ATVs. Based on Propulsion, the market is segmented into Pure Electric and Hybrid Electric. Based on Application, the market is segmented into Industrial, Commercial Transport, Recreation, Agriculture and Others. Based on Seating Capacity, the market is segmented 2-Seater, 1-Seater and Greater Than 2 Seater. Based on Battery Type, the market is segmented into Lithium-Ion, Lead Acid and Others. Based on Drive Type, the market is segmented into 2WD, 4WD and AWD. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Polaris, Inc., Yamaha Motor Co., Ltd., Toyota Industries Corporation, BYD Company Ltd., Kion Group, Godrej Group (Godrej Material Handling), Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.). Waev, Inc., and Addax Motors N.V.

Scope of the Study

Market Segments covered in the Report:

By Vehicle Type

  • Industrial Electric Utility Vehicles
  • Electric Shuttle Carts
  • Electric Utility Carts
  • Electric UTVs
  • Electric ATVs
By Propulsion
  • Pure Electric
  • Hybrid Electric
By Application
  • Industrial
  • Commercial Transport
  • Recreation
  • Agriculture
  • Others
By Seating Capacity
  • 2-Seater
  • 1-Seater
  • Greater Than 2 Seater
By Battery Type
  • Lithium-Ion
  • Lead Acid
  • Others
By Drive Type
  • 2WD
  • 4WD
  • AWD
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Textron, Inc.
  • Polaris, Inc.
  • Yamaha Motor Co., Ltd.
  • Toyota Industries Corporation
  • BYD Company Ltd.
  • Kion Group
  • Godrej Group (Godrej Material Handling)
  • Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
  • Waev, Inc.
  • Addax Motors N.V.
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Electric Utility Vehicle Market, by Vehicle Type
1.4.2 Europe Electric Utility Vehicle Market, by Propulsion
1.4.3 Europe Electric Utility Vehicle Market, by Application
1.4.4 Europe Electric Utility Vehicle Market, by Seating Capacity
1.4.5 Europe Electric Utility Vehicle Market, by Battery Type
1.4.6 Europe Electric Utility Vehicle Market, by Drive Type
1.4.7 Europe Electric Utility Vehicle Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan – 2022, Aug) Leading Players
Chapter 4. Europe Electric Utility Vehicle Market by Vehicle Type
4.1 Europe Industrial Electric Utility Vehicles Market by Country
4.2 Europe Electric Shuttle Carts Market by Country
4.3 Europe Electric Utility Carts Market by Country
4.4 Europe Electric UTVs Market by Country
4.5 Europe Electric ATVs Market by Country
Chapter 5. Europe Electric Utility Vehicle Market by Propulsion
5.1 Europe Pure Electric Market by Country
5.2 Europe Hybrid Electric Market by Country
Chapter 6. Europe Electric Utility Vehicle Market by Application
6.1 Europe Industrial Market by Country
6.2 Europe Commercial Transport Market by Country
6.3 Europe Recreation Market by Country
6.4 Europe Agriculture Market by Country
6.5 Europe Others Market by Country
Chapter 7. Europe Electric Utility Vehicle Market by Seating Capacity
7.1 Europe 2-Seater Market by Country
7.2 Europe 1-Seater Market by Country
7.3 Europe Greater Than 2 Seater Market by Country
Chapter 8. Europe Electric Utility Vehicle Market by Battery Type
8.1 Europe Lithium-Ion Market by Country
8.2 Europe Lead Acid Market by Country
8.3 Europe Others Market by Country
Chapter 9. Europe Electric Utility Vehicle Market by Drive Type
9.1 Europe 2WD Market by Country
9.2 Europe 4WD Market by Country
9.3 Europe AWD Market by Country
Chapter 10. Europe Electric Utility Vehicle Market by Country
10.1 Germany Electric Utility Vehicle Market
10.1.1 Germany Electric Utility Vehicle Market by Vehicle Type
10.1.2 Germany Electric Utility Vehicle Market by Propulsion
10.1.3 Germany Electric Utility Vehicle Market by Application
10.1.4 Germany Electric Utility Vehicle Market by Seating Capacity
10.1.5 Germany Electric Utility Vehicle Market by Battery Type
10.1.6 Germany Electric Utility Vehicle Market by Drive Type
10.2 UK Electric Utility Vehicle Market
10.2.1 UK Electric Utility Vehicle Market by Vehicle Type
10.2.2 UK Electric Utility Vehicle Market by Propulsion
10.2.3 UK Electric Utility Vehicle Market by Application
10.2.4 UK Electric Utility Vehicle Market by Seating Capacity
10.2.5 UK Electric Utility Vehicle Market by Battery Type
10.2.6 UK Electric Utility Vehicle Market by Drive Type
10.3 France Electric Utility Vehicle Market
10.3.1 France Electric Utility Vehicle Market by Vehicle Type
10.3.2 France Electric Utility Vehicle Market by Propulsion
10.3.3 France Electric Utility Vehicle Market by Application
10.3.4 France Electric Utility Vehicle Market by Seating Capacity
10.3.5 France Electric Utility Vehicle Market by Battery Type
10.3.6 France Electric Utility Vehicle Market by Drive Type
10.4 Russia Electric Utility Vehicle Market
10.4.1 Russia Electric Utility Vehicle Market by Vehicle Type
10.4.2 Russia Electric Utility Vehicle Market by Propulsion
10.4.3 Russia Electric Utility Vehicle Market by Application
10.4.4 Russia Electric Utility Vehicle Market by Seating Capacity
10.4.5 Russia Electric Utility Vehicle Market by Battery Type
10.4.6 Russia Electric Utility Vehicle Market by Drive Type
10.5 Spain Electric Utility Vehicle Market
10.5.1 Spain Electric Utility Vehicle Market by Vehicle Type
10.5.2 Spain Electric Utility Vehicle Market by Propulsion
10.5.3 Spain Electric Utility Vehicle Market by Application
10.5.4 Spain Electric Utility Vehicle Market by Seating Capacity
10.5.5 Spain Electric Utility Vehicle Market by Battery Type
10.5.6 Spain Electric Utility Vehicle Market by Drive Type
10.6 Italy Electric Utility Vehicle Market
10.6.1 Italy Electric Utility Vehicle Market by Vehicle Type
10.6.2 Italy Electric Utility Vehicle Market by Propulsion
10.6.3 Italy Electric Utility Vehicle Market by Application
10.6.4 Italy Electric Utility Vehicle Market by Seating Capacity
10.6.5 Italy Electric Utility Vehicle Market by Battery Type
10.6.6 Italy Electric Utility Vehicle Market by Drive Type
10.7 Rest of Europe Electric Utility Vehicle Market
10.7.1 Rest of Europe Electric Utility Vehicle Market by Vehicle Type
10.7.2 Rest of Europe Electric Utility Vehicle Market by Propulsion
10.7.3 Rest of Europe Electric Utility Vehicle Market by Application
10.7.4 Rest of Europe Electric Utility Vehicle Market by Seating Capacity
10.7.5 Rest of Europe Electric Utility Vehicle Market by Battery Type
10.7.6 Rest of Europe Electric Utility Vehicle Market by Drive Type
Chapter 11. Company Profiles
11.1 Textron, Inc.
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Regional & Segmental Analysis
11.1.4 Research & Development Expenses
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.2 Polaris, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Regional & Segmental Analysis
11.2.4 Research & Development Expenses
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.5.2 Product Launches and Product Expansions:
11.3 Yamaha Motor Co., Ltd.
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental and Regional Analysis
11.3.4 Research & Development Expense
11.3.5 Recent strategies and developments:
11.3.5.1 Partnerships, Collaborations, and Agreements:
11.3.5.2 Product Launches and Product Expansions:
11.4 Toyota Industries Corporation
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental Analysis
11.4.4 Research & Development Expense
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.5.2 Product Launches and Product Expansions:
11.5 BYD Company Ltd.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.6 Kion Group
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental Analysis
11.6.4 Research & Development Expense
11.6.5 Recent strategies and developments:
11.6.5.1 Partnerships, Collaborations, and Agreements:
11.7 Godrej Group (Godrej Material Handling)
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.8 Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Segmental and Regional Analysis
11.9 Waev, Inc.
11.9.1 Company Overview
11.10. Addax Motors N.V.
11.10.1 Company Overview

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