Global Micro Electric Automotive (Micro EVs) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Micro Electric Automotive (Micro EVs) Market 2024 by Manufacturers, Regions, Type and Application, 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.

According to our (Global Info Research) latest study, the global Micro Electric Automotive (Micro EVs) market size was valued at US$ 8900 million in 2023 and is forecast to a readjusted size of USD 12620 million by 2030 with a CAGR of 5.2% during review period.

Global Micro Electric Automotive (Micro EVs) key players include Yogomo, Shifeng, Dojo, Byvin, Textron, etc.

China is the largest market, followed by Europe, and North America.

In terms of product, Lead-acid Battery EVs is the largest segment, with a share over 75%. And in terms of application, the largest application is Personal Use, followed by Commercial Use, Public Utilities.

This report is a detailed and comprehensive analysis for global Micro Electric Automotive (Micro EVs) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Micro Electric Automotive (Micro EVs) market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Micro Electric Automotive (Micro EVs) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Micro Electric Automotive (Micro EVs) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Micro Electric Automotive (Micro EVs) market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Micro Electric Automotive (Micro EVs)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Micro Electric Automotive (Micro EVs) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Yogomo, Shifeng, Textron, Dojo, Byvin, Polaris, Lichi, Baoya, Tangjun, Yamaha, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Micro Electric Automotive (Micro EVs) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs

Market segment by Application
Personal Use
Commercial Use
Public Utilities

Major players covered
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

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Micro Electric Automotive (Micro EVs) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Micro Electric Automotive (Micro EVs), with price, sales quantity, revenue, and global market share of Micro Electric Automotive (Micro EVs) from 2019 to 2024.

Chapter 3, the Micro Electric Automotive (Micro EVs) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Micro Electric Automotive (Micro EVs) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Micro Electric Automotive (Micro EVs) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Micro Electric Automotive (Micro EVs).

Chapter 14 and 15, to describe Micro Electric Automotive (Micro EVs) sales channel, distributors, customers, research findings and conclusion.