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Motorized Quadricycle Market Outlook Report

Published On: Apr, 2024
|
Pages: 150+

"The Motorized Quadricycle Market is estimated to be USD 1,224.2 million in 2024. Furthermore, the market is expected to grow to USD 2,462.5 million by 2031, with a Compound Annual Growth Rate (CAGR) of 10.5%.

Motorized Quadricycle Market Overview

Quadricycles with motors are a new and rapidly growing category of fuel-efficient vehicles. The global motorized quadricycles market's products are primarily used for local transportation in metropolitan areas. Motorized quadricycles are regarded as an effective solution for road travel in metropolitan areas to avoid traffic congestion and limit travel expenses owing to their compact size and low maintenance. Electric quadricycles are the most preferred choice of new-age environmentally conscious customers. Growing investments in research and development are driving innovations to improve key functionalities such as battery capacity, fast charging, and resolving bottlenecks 

Latest Trends in the Motorized Quadricycle Market

Increasing Demand for Sustainable Transportation:
With growing concerns about environmental sustainability and the need to reduce carbon emissions, there has been a rising demand for alternative modes of transportation. Motorized quadricycles, particularly electric models, have gained attention as eco-friendly options for short-distance urban commuting and recreational use.

Driving Factors

Increased demand for light-weight vehicles:
The demand for lightweight vehicles has been on an increasing trend as these tend to have efficient performance and curb the fuel emissions from vehicles. The usage of lightweight materials essential for boosting fuel economy and maintaining vehicle safety and performance has been driving the demand for lightweight vehicles. According to independent research, reducing the weight of a vehicle by 10% boosts its fuel economy by 6 to 8%. Continuous efforts by automakers in this area have led to downsizing the average vehicle from 3,500 pounds to 2,500 pounds over the last 20 years. Now, traditional vehicles are left with very little scope to lower weight without impacting their performance, motorized quadricycles are the best fit to match the requirement.

Market Challenges

Comparatively less passenger safety:
According to WHO, nearly 2 million people lost their lives in road accidents in 2020 and crash tests conducted by NCAP have mentioned that quadricycles have lacked passenger safety even at low speeds of less than 50 km/h. Hence, the lack of passenger safety is projected to hamper the market growth during the forecast period.


Companies Mentioned

  1. Renault SA
  2. Ingersoll Rand, Inc.
  3. Italcar Industrial S.R.L
  4. Yogomo
  5. Yamaha Golf-Car Company
  6. Honda Motor Co., Ltd.
  7. Polaris Inc.
  8. Textron Inc.
  9. CFMoto
  10. KYMCO
  11. Piaggio Group
  12. Aeon Motor
  13. Bashan Group
  14. Linhai
  15. SYM Motors
  16. Taotao
  17. Zongshen
  18. Dayang

*The companies above are listed in no particular order.

Report Scope

Details

Market Value- $ Million,2024

1,224

Market Growth (Value), (2024-2031)- %

10.5

 Leading Region

Xx

Base Year

2023

Forecast Period

2024 to 2031

Segments Covered

By Type, By Application, By Propulsion By End Use

Geography Covered

North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

Market Segmentation

Motorized Quadricycle Market, By Type

  • Light 
  • Heavy

Motorized Quadricycle Market, By Application

  • Self-Use
  • Commercial

Motorized Quadricycle Market, By Propulsion

  • Internal Combustion Engine
  • Electric

Motorized Quadricycle Market, By End Use

  • Industrial
  • Sports & Leisure
  • Special Transportation
  • Others

Motorized Quadricycle Market, By Region

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)

TABLE OF CONTENTS

1. TABLE OF CONTENTS
1.1. LIST OF TABLES
1.2. LIST OF FIGURES

2. GLOBAL MOTORIZED QUADRICYCLE MARKET INTRODUCTION, 2023
2.1. Motorized Quadricycle Industry Overview
2.2. Market Scope and Definition
2.3. Research Methodology

3. MOTORIZED QUADRICYCLE MARKET ANALYSIS
3.1. Motorized Quadricycle Market Trends to 2031
3.1.1. Latest Developments
3.2. Future Opportunities in Motorized Quadricycle Market
3.2.1. Leading Type of Motorized Quadricycle to 2031
3.2.2. Dominant Application of Motorized Quadricycle to 2031
3.2.3. Key Propulsion in Motorized Quadricycle Market to 2031
3.2.4. Largest End-use of Motorized Quadricycle to 2031
3.2.5. High Prospect Countries for Motorized Quadricycle Market to 2031

4. MOTORIZED QUADRICYCLE MARKET DRIVERS AND CHALLENGES
4.1. Key Drivers Fueling the Motorized Quadricycle Market Growth to 2031
4.2. Major Challenges in the Motorized Quadricycle Industry

5. FIVE FORCES ANALYSIS FOR GLOBAL MOTORIZED QUADRICYCLE MARKET
5.1. Motorized Quadricycles Market -PESTLE Analysis
5.2. Motorized Quadricycles Market -SWOT Analysis
5.3. PATENT Analysis

6. GLOBAL MOTORIZED QUADRICYCLE MARKET SHARE, STRUCTURE, AND OUTLOOK
6.1. Motorized Quadricycle Market Sales Outlook, 2023 - 2031 ($ Million)
6.2. Global Motorized Quadricycle Market Sales Outlook by Type, 2023 - 2031 ($ Million)
6.2.1. Light
6.2.2. Heavy
6.3. Global Motorized Quadricycle Market Sales Outlook by Application, 2023 - 2031 ($ Million)
6.3.1. Self-Use
6.3.2. Commercial
6.4. Global Motorized Quadricycle Market Sales Outlook by Propulsion, 2023 - 2031 ($ Million)
6.4.1. Internal Combustion Engine
6.4.2. Electric
6.5. Global Motorized Quadricycle Market Sales Outlook by End-use, 2023 - 2031 ($ Million)
6.5.1. Industrial
6.5.2. Sports & Leisure
6.5.3. Special Transportation
6.5.4. Others
6.6. Global Motorized Quadricycle Market Revenue Outlook by Region, 2023 - 2031 ($ Million)

7. ASIA PACIFIC MOTORIZED QUADRICYCLE MARKET SIZE, SHARE, COMPETITION AND OUTLOOK
7.1. Asia Pacific Motorized Quadricycle Market Overview, 2023
7.2. Asia Pacific Motorized Quadricycle Market Forecast by Type, 2023 - 2031
7.3. Asia Pacific Motorized Quadricycle Market Forecast by Application, 2023 - 2031
7.4. Asia Pacific Motorized Quadricycle Market Forecast by Propulsion, 2023 - 2031
7.5. Asia Pacific Motorized Quadricycle Market Forecast by End-use, 2023 - 2031
7.6. Asia Pacific Motorized Quadricycle Revenue Forecast by Country, 2023 - 2031
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. Rest of Asia Pacific

8. EUROPE MOTORIZED QUADRICYCLE MARKET TRENDS, OUTLOOK, AND GROWTH PROSPECTS
8.1. Europe Motorized Quadricycle Market Overview, 2023
8.2. Europe Motorized Quadricycle Market Size and Share by Type, 2023 - 2031
8.3. Europe Motorized Quadricycle Market Size and Share by Application, 2023 - 2031
8.4. Europe Motorized Quadricycle Market Size and Share by Propulsion, 2023 - 2031
8.5. Europe Motorized Quadricycle Market Size and Share by End-use, 2023 - 2031
8.6. Europe Motorized Quadricycle Market Size and Share by Country, 2023 - 2031
8.6.1. Germany
8.6.2. United Kingdom
8.6.3. France
8.6.4. Italy
8.6.5. Spain
8.6.6. Rest of Europe

9. NORTH AMERICA MOTORIZED QUADRICYCLE MARKET TRENDS, OUTLOOK, AND GROWTH PROSPECTS
9.1. North America Motorized Quadricycle Market Overview, 2023
9.2. North America Motorized Quadricycle Market Outlook by Type, 2023 - 2031
9.3. North America Motorized Quadricycle Market Outlook by Application, 2023 - 2031
9.4. North America Motorized Quadricycle Market Outlook by Propulsion, 2023 - 2031
9.5. North America Motorized Quadricycle Market Outlook by End-use, 2023 - 2031
9.6. North America Motorized Quadricycle Market Outlook by Country, 2023 - 2031
9.6.1. United States
9.6.2. Canada
9.6.3. Mexico

10. SOUTH AND CENTRAL AMERICA MOTORIZED QUADRICYCLE MARKET DRIVERS, CHALLENGES, AND GROWTH PROSPECTS
10.1. South and Central America Motorized Quadricycle Market Overview, 2023
10.2. South and Central America Motorized Quadricycle Market Future by Type, 2023 - 2031
10.3. South and Central America Motorized Quadricycle Market Future by Application, 2023 - 2031
10.4. South and Central America Motorized Quadricycle Market Future by Propulsion, 2023 - 2031
10.5. South and Central America Motorized Quadricycle Market Future by End-use, 2023 - 2031
10.6. South and Central America Motorized Quadricycle Market Analysis by Country, 2023 - 2031
10.6.1. Brazil
10.6.2. Argentina
10.6.3. Rest of South and Central America

11. MIDDLE EAST AFRICA MOTORIZED QUADRICYCLE MARKET OUTLOOK AND GROWTH PROSPECTS
11.1. Middle East Africa Motorized Quadricycle Market Overview, 2023
11.2. Middle East Africa Motorized Quadricycle Market Share by Type, 2023 - 2031
11.3. Middle East Africa Motorized Quadricycle Market Share by Application, 2023 - 2031
11.4. Middle East Africa Motorized Quadricycle Market Share by Propulsion, 2023 - 2031
11.5. Middle East Africa Motorized Quadricycle Market Share by End-use, 2023 - 2031
11.6. Middle East Africa Motorized Quadricycle Market Forecast by Country, 2023 - 2031
11.6.1. Middle East
11.6.2. Africa

12. MOTORIZED QUADRICYCLE MARKET STRUCTURE AND COMPETITIVE LANDSCAPE
12.1. Renault SA
12.2. Ingersoll Rand, Inc.
12.3. Italcar Industrial S.R.L
12.4. Yogomo
12.5. Yamaha Golf-Car Company

13. APPENDIX
13.1. About Us
13.2. Sources
13.3. Research Methodology
13.4. Contact Information
 

  

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FAQ's

The Global Motorized Quadricycle Market is estimated to generate USD 1,224.2 million in revenue in 2024

 

The Global Motorized Quadricycle Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period from 2024 to 2031.

By 2031, the Motorized Quadricycle Market is estimated to account for USD 2,462.5 million

 

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