Global Micro EVs Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Micro EVs Market Size, Manufacturers, Opportunities and Forecast to 2030


A micro electric vehicle (EV) is a four-wheeled electric powered micro vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it usually has a gross vehicle weight rating (GVWR) of less than 3,000 pounds.

Neighborhood electric vehicles (NEVs), golf carts and utility terrain vehicles all fall into this category.

According to APO Research, The global Micro EVs market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

China is the largest region of Micro EVs, with a market share about 70%. Textron, Yamaha and Polaris are the major manufacturers of industry.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Micro EVs, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro EVs.

The Micro EVs market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Micro EVs market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Yogomo
Shifeng
Textron
Dojo
Byvin
Polaris
Lichi
Baoya
Tangjun
Yamaha
Fulu
Xinyuzhou
GreenWheel EV
Incalu
Kandi
Renault
APACHE
Garia
Zheren
Ingersoll Rand
CitEcar Electric Vehicles
Eagle
Taiqi

Micro EVs segment by Type

Lead-acid Battery EVs
Lithium-ion Battery EVs

Micro EVs segment by Application

Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities

Micro EVs Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Micro EVs market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Micro EVs and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Micro EVs.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Micro EVs manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Micro EVs in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Micro EVs Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Micro EVs Sales Estimates and Forecasts (2019-2030)
1.3 Micro EVs Market by Type
1.3.1 Lead-acid Battery EVs
1.3.2 Lithium-ion Battery EVs
1.4 Global Micro EVs Market Size by Type
1.4.1 Global Micro EVs Market Size Overview by Type (2019-2030)
1.4.2 Global Micro EVs Historic Market Size Review by Type (2019-2024)
1.4.3 Global Micro EVs Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Micro EVs Sales Breakdown by Type (2019-2024)
1.5.2 Europe Micro EVs Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Micro EVs Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Micro EVs Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Micro EVs Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Micro EVs Industry Trends
2.2 Micro EVs Industry Drivers
2.3 Micro EVs Industry Opportunities and Challenges
2.4 Micro EVs Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Micro EVs Revenue (2019-2024)
3.2 Global Top Players by Micro EVs Sales (2019-2024)
3.3 Global Top Players by Micro EVs Price (2019-2024)
3.4 Global Micro EVs Industry Company Ranking, 20
22 VS 2023 VS 2024
3.5 Global Micro EVs Key Company Manufacturing Sites & Headquarters
3.6 Global Micro EVs Company, Product Type & Application
3.7 Global Micro EVs Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Micro EVs Market CR5 and HHI
3.8.2 Global Top 5 and
10 Micro EVs Players Market Share by Revenue in 2023
3.8.3 20
23 Micro EVs Tier 1, Tier 2, and Tier 3
4 Micro EVs Regional Status and Outlook
4.1 Global Micro EVs Market Size and CAGR by Region: 20
19 VS 2023 VS 2030
4.2 Global Micro EVs Historic Market Size by Region
4.2.1 Global Micro EVs Sales in Volume by Region (2019-2024)
4.2.2 Global Micro EVs Sales in Value by Region (2019-2024)
4.2.3 Global Micro EVs Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Micro EVs Forecasted Market Size by Region
4.3.1 Global Micro EVs Sales in Volume by Region (2025-2030)
4.3.2 Global Micro EVs Sales in Value by Region (2025-2030)
4.3.3 Global Micro EVs Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Micro EVs by Application
5.1 Micro EVs Market by Application
5.1.1 Personal Use
5.1.2 Commercial Use (Sightseeing, Golf etc.)
5.1.3 Public Utilities
5.2 Global Micro EVs Market Size by Application
5.2.1 Global Micro EVs Market Size Overview by Application (2019-2030)
5.2.2 Global Micro EVs Historic Market Size Review by Application (2019-2024)
5.2.3 Global Micro EVs Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Micro EVs Sales Breakdown by Application (2019-2024)
5.3.2 Europe Micro EVs Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Micro EVs Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Micro EVs Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Micro EVs Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Yogomo
6.1.1 Yogomo Comapny Information
6.1.2 Yogomo Business Overview
6.1.3 Yogomo Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Yogomo Micro EVs Product Portfolio
6.1.5 Yogomo Recent Developments
6.2 Shifeng
6.2.1 Shifeng Comapny Information
6.2.2 Shifeng Business Overview
6.2.3 Shifeng Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Shifeng Micro EVs Product Portfolio
6.2.5 Shifeng Recent Developments
6.3 Textron
6.3.1 Textron Comapny Information
6.3.2 Textron Business Overview
6.3.3 Textron Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Textron Micro EVs Product Portfolio
6.3.5 Textron Recent Developments
6.4 Dojo
6.4.1 Dojo Comapny Information
6.4.2 Dojo Business Overview
6.4.3 Dojo Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Dojo Micro EVs Product Portfolio
6.4.5 Dojo Recent Developments
6.5 Byvin
6.5.1 Byvin Comapny Information
6.5.2 Byvin Business Overview
6.5.3 Byvin Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Byvin Micro EVs Product Portfolio
6.5.5 Byvin Recent Developments
6.6 Polaris
6.6.1 Polaris Comapny Information
6.6.2 Polaris Business Overview
6.6.3 Polaris Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Polaris Micro EVs Product Portfolio
6.6.5 Polaris Recent Developments
6.7 Lichi
6.7.1 Lichi Comapny Information
6.7.2 Lichi Business Overview
6.7.3 Lichi Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Lichi Micro EVs Product Portfolio
6.7.5 Lichi Recent Developments
6.8 Baoya
6.8.1 Baoya Comapny Information
6.8.2 Baoya Business Overview
6.8.3 Baoya Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Baoya Micro EVs Product Portfolio
6.8.5 Baoya Recent Developments
6.9 Tangjun
6.9.1 Tangjun Comapny Information
6.9.2 Tangjun Business Overview
6.9.3 Tangjun Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Tangjun Micro EVs Product Portfolio
6.9.5 Tangjun Recent Developments
6.
10 Yamaha
6.10.1 Yamaha Comapny Information
6.10.2 Yamaha Business Overview
6.10.3 Yamaha Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Yamaha Micro EVs Product Portfolio
6.10.5 Yamaha Recent Developments
6.
11 Fulu
6.11.1 Fulu Comapny Information
6.11.2 Fulu Business Overview
6.11.3 Fulu Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Fulu Micro EVs Product Portfolio
6.11.5 Fulu Recent Developments
6.
12 Xinyuzhou
6.12.1 Xinyuzhou Comapny Information
6.12.2 Xinyuzhou Business Overview
6.12.3 Xinyuzhou Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Xinyuzhou Micro EVs Product Portfolio
6.12.5 Xinyuzhou Recent Developments
6.
13 GreenWheel EV
6.13.1 GreenWheel EV Comapny Information
6.13.2 GreenWheel EV Business Overview
6.13.3 GreenWheel EV Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.13.4 GreenWheel EV Micro EVs Product Portfolio
6.13.5 GreenWheel EV Recent Developments
6.
14 Incalu
6.14.1 Incalu Comapny Information
6.14.2 Incalu Business Overview
6.14.3 Incalu Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Incalu Micro EVs Product Portfolio
6.14.5 Incalu Recent Developments
6.
15 Kandi
6.15.1 Kandi Comapny Information
6.15.2 Kandi Business Overview
6.15.3 Kandi Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Kandi Micro EVs Product Portfolio
6.15.5 Kandi Recent Developments
6.
16 Renault
6.16.1 Renault Comapny Information
6.16.2 Renault Business Overview
6.16.3 Renault Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Renault Micro EVs Product Portfolio
6.16.5 Renault Recent Developments
6.
17 APACHE
6.17.1 APACHE Comapny Information
6.17.2 APACHE Business Overview
6.17.3 APACHE Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.17.4 APACHE Micro EVs Product Portfolio
6.17.5 APACHE Recent Developments
6.
18 Garia
6.18.1 Garia Comapny Information
6.18.2 Garia Business Overview
6.18.3 Garia Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Garia Micro EVs Product Portfolio
6.18.5 Garia Recent Developments
6.
19 Zheren
6.19.1 Zheren Comapny Information
6.19.2 Zheren Business Overview
6.19.3 Zheren Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.19.4 Zheren Micro EVs Product Portfolio
6.19.5 Zheren Recent Developments
6.
20 Ingersoll Rand
6.20.1 Ingersoll Rand Comapny Information
6.20.2 Ingersoll Rand Business Overview
6.20.3 Ingersoll Rand Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.20.4 Ingersoll Rand Micro EVs Product Portfolio
6.20.5 Ingersoll Rand Recent Developments
6.
21 CitEcar Electric Vehicles
6.21.1 CitEcar Electric Vehicles Comapny Information
6.21.2 CitEcar Electric Vehicles Business Overview
6.21.3 CitEcar Electric Vehicles Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.21.4 CitEcar Electric Vehicles Micro EVs Product Portfolio
6.21.5 CitEcar Electric Vehicles Recent Developments
6.
22 Eagle
6.22.1 Eagle Comapny Information
6.22.2 Eagle Business Overview
6.22.3 Eagle Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.22.4 Eagle Micro EVs Product Portfolio
6.22.5 Eagle Recent Developments
6.
23 Taiqi
6.23.1 Taiqi Comapny Information
6.23.2 Taiqi Business Overview
6.23.3 Taiqi Micro EVs Sales, Revenue and Gross Margin (2019-2024)
6.23.4 Taiqi Micro EVs Product Portfolio
6.23.5 Taiqi Recent Developments
7 North America by Country
7.1 North America Micro EVs Sales by Country
7.1.1 North America Micro EVs Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.1.2 North America Micro EVs Sales by Country (2019-2024)
7.1.3 North America Micro EVs Sales Forecast by Country (2025-2030)
7.2 North America Micro EVs Market Size by Country
7.2.1 North America Micro EVs Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
7.2.2 North America Micro EVs Market Size by Country (2019-2024)
7.2.3 North America Micro EVs Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Micro EVs Sales by Country
8.1.1 Europe Micro EVs Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.1.2 Europe Micro EVs Sales by Country (2019-2024)
8.1.3 Europe Micro EVs Sales Forecast by Country (2025-2030)
8.2 Europe Micro EVs Market Size by Country
8.2.1 Europe Micro EVs Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
8.2.2 Europe Micro EVs Market Size by Country (2019-2024)
8.2.3 Europe Micro EVs Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Micro EVs Sales by Country
9.1.1 Asia-Pacific Micro EVs Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.1.2 Asia-Pacific Micro EVs Sales by Country (2019-2024)
9.1.3 Asia-Pacific Micro EVs Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Micro EVs Market Size by Country
9.2.1 Asia-Pacific Micro EVs Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
9.2.2 Asia-Pacific Micro EVs Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Micro EVs Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Micro EVs Sales by Country
10.1.1 Latin America Micro EVs Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.1.2 Latin America Micro EVs Sales by Country (2019-2024)
10.1.3 Latin America Micro EVs Sales Forecast by Country (2025-2030)
10.2 Latin America Micro EVs Market Size by Country
10.2.1 Latin America Micro EVs Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
10.2.2 Latin America Micro EVs Market Size by Country (2019-2024)
10.2.3 Latin America Micro EVs Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Micro EVs Sales by Country
11.1.1 Middle East and Africa Micro EVs Sales Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.1.2 Middle East and Africa Micro EVs Sales by Country (2019-2024)
11.1.3 Middle East and Africa Micro EVs Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Micro EVs Market Size by Country
11.2.1 Middle East and Africa Micro EVs Market Size Growth Rate (CAGR) by Country: 20
19 VS 2023 VS 2030
11.2.2 Middle East and Africa Micro EVs Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Micro EVs Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Micro EVs Value Chain Analysis
12.1.1 Micro EVs Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Micro EVs Production Mode & Process
12.2 Micro EVs Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Micro EVs Distributors
12.2.3 Micro EVs Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

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