Micro Electric Vehicle Market By Battery Type (Lead acid battery, Lithium-ion battery), By Type (Micro cars, Golfcarts, utility, and neighborhood electric vehicles), By Application (Commercial, Personal, Public utilities): Global Opportunity Analysis and Industry Forecast, 2022-2031

Micro Electric Vehicle Market

The micro electric vehicle market is likely to experience a growth rate of 10.8% from 2022-2031 owing to supportive government policies & incentives and expansion of micromobility services during the forecast period –

A micro electric vehicle (micro-EV) is a type of electric vehicle that is smaller and more compact than conventional electric vehicles. Micro-EVs often reach speeds of 45–90 km/h and have ranges of 100–230 km per charge. A micro electric vehicle (micro-EV) is a small electric vehicle that typically weighs between 400 and 500 kg. Micro-EVs have various classifications, including light microcars, quadricycles (L6e), heavy quadricycles (L7e), neighborhood electric vehicles (NEVs), golf carts, and light utility vehicles.

Electric microcars are compact, lightweight vehicles that are powered by electric motors and batteries. These cars are designed to be small and maneuverable, making them perfect for short commutes in urban areas. Electric microcars are typically significantly smaller than ordinary cars, with seating capacities ranging from two to three people. The range of an electric microcar might vary depending on the battery capacity and driving circumstances. Some microcars can go up to 100 miles on a single charge, whereas other models only go 30-40 miles.

As more people relocate to cities, there is an increasing desire for compact, low-cost automobiles that are easy to park and handle in small places. Microcars are an excellent option for city dwellers who want to avoid the high costs and difficulties of owning a regular car. Some popular micro cars available in the market include Citroën Ami, smart EQ fortwo, SOLO, Microlino, and GEM e2. in May 2022, Citroen confirmed that its Ami electric car will be available in the UK. The Ami, which has a range of up to 47 miles and a top speed of 28 mph, will be available for purchase online. The two-seater microcar is categorized as a light quadricycle and can be driven without a full driving license.

Significant impacting factors in growth of the global micro electric vehicle market include supportive government policies and incentives, growing environmental awareness, urbanization & traffic congestion, and shifting consumer preferences. However, limited range and high battery replacement cost as well as limited infrastructure in developing countries hamper the growth of the market. Furthermore, rise in demand for micro electric vehicles from developing countries, expansion of micromobility services, and adoption of smart cities are factors expected to offer growth opportunities during the forecast period.

The market also offers growth opportunities to the key players in the market. Microcars are becoming popular with carsharing firms like ShareNow and Free2Move. For instance, Free2Move supplements its carsharing fleet with Citroen Ami vehicles across Europe and Washington, DC. The Citroen Ami, known as a quadricycle in Europe, allows carshare customers to navigate urban areas more easily. Moreover, microcar growth can also be seen on a smaller, more local scale. Golf-cart-like vehicles are considered personal transport vehicles in the U.S., with sales increasing since the pandemic began. These personal transportation vehicles are not utilized by golfers, but rather by young people and families looking for a method to get around their neighborhood.

For the purpose of analysis, the micro electric vehicle market scope covers segmentation based on battery type, application, type, and region. The report provides information on various battery types including lead acid and lithium-ion. Furthermore, the major applications covered in the study include commercial, personal, and public utilities. Moreover, it outlines the details of the types such as microcars; and golfcarts, utility, and neighborhood electric vehicles. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Some leading companies profiled in the report comprises of Toyota Motor Corporation, Yamaha Golf-Car Company, Italcar Industrial S.r.l., Renault Group, Textron Inc., Polaris Inc., Club Car, LLC, PMV Electric Private Ltd., Shandong Shifeng (Group) Co., Ltd., and Mahindra Electric Mobility Limited. The players in the market have been actively engaged in the adoption of various strategies such as product launch, collaboration and acquisition to remain competitive and gain an advantage over the competitors in the market. For instance, in December 2020, Toyota Motor Corporation launched the "C+pod" ultra-compact battery electric vehicle (BEV) for corporate users, and other organizations. In May 2022, Mahindra launched its new micro electric car namely, "ATOM EV". Atom EV has four variants with two battery pack options such as 7.4 kWh and 11.1 kWh.

Key Market Insights

Based on application, the personal mobility segment is expected to be the highest revenue contributor to the market, with $4.6 billion in 2021, and is estimated to reach $11.2 billion by 2031, with a CAGR of 9.5%.

Based on region, Asia-Pacific is expected to be the highest revenue contributor, accounting for $5.3 billion in 2021, and is estimated to reach $13.4 billion by 2031, with a CAGR of 10.0%.

Overview

Personal micro electric vehicles (EVs) are small, lightweight electric vehicles meant for personal usage, such as short journeys and commutes. The personal segment of the micro electric vehicle market is booming, with tendencies towards personalization, eco-friendliness, and practicality. In addition, electric microcars offer affordability, a long battery range, and government incentives that make them lucrative for personal usage.

Commercial micro electric vehicles (EVs) are intended for use in a variety of purposes, including last-mile delivery, goods transportation, and passenger transportation. When compared to conventional automobiles, these vehicles are more efficient, ecologically friendly, and cost less. It is an appealing solution for companies and governments trying to decrease their carbon emissions and operating costs. In addition, electric golf carts are frequently employed in commercial venues such as resorts, theme parks, airports, and university campuses. These vehicles are appropriate for cargo transportation, minor maintenance, and cleaning.

The micro electric vehicle market is a fast-expanding sector with a wide range of uses, including commercial use. Goods delivery has become an important part of the logistics sector as e-commerce and online shopping have grown in popularity. Micro electric vehicles are great for goods delivery since they are ideal for negotiating crowded metropolitan areas. Moreover, micro electric vehicles are being used for transportation on university and corporate campuses. They are efficient for traversing hectic areas, and their low noise levels make them an ideal option for use in peaceful zones.

Moreover, electric micro vehicles are used for last-mile delivery services by companies like UPS and DHL. The compact size and flexibility of these vehicles make them ideal for driving through crowded urban areas and make deliveries possible to small residences. For instance, in June 2022, UPS unveiled the "UPS Delivery Vehicle," a new micro electric vehicle (EV) designed for urban areas and delivery purposes. This micro-EV is powered by a rechargeable lithium-ion battery, and can travel up to 100 km on a full charge. It can also carry up to 300 kg of cargo and has a cargo capacity of 1.3 cubic meters. This micro-EV is part of UPS's plan to use zero-emission vehicles for over one billion deliveries per year by 2025.

The micro electric vehicle market is segmented based on battery type, application, type, and region. By battery type, it is segmented into lead acid and lithium-ion. As per application, it is classified into commercial, personal, and public utilities. Depending on type, it is categorized into microcars; and golf, utility, and neighborhood electric vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some leading companies profiled in the report comprises of Toyota Motor Corporation, Yamaha Golf-Car Company, Italcar Industrial S.r.l., Renault Group, Textron Inc., Polaris Inc., Club Car, LLC, PMV Electric Private Ltd., Shandong Shifeng (Group) Co., Ltd., and Mahindra Electric Mobility Limited.

Key Benefits For Stakeholders

●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the micro electric vehicle market analysis from 2021 to 2031 to identify the prevailing micro electric vehicle market opportunities.

●The market research is offered along with information related to key drivers, restraints, and opportunities.

●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

●In-depth analysis of the micro electric vehicle market segmentation assists to determine the prevailing market opportunities.

●Major countries in each region are mapped according to their revenue contribution to the global market.

●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

●The report includes the analysis of the regional as well as global micro electric vehicle market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

○ Yamaha Golf-Car Compan

Scope of Micro Electric Vehicle Market Report

1.1. Report description

1.2. Key market segments

1.3. Key benefits to the stakeholders

1.4. Research Methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

2.1. CXO Perspective

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of suppliers

3.3.2. Bargaining power of buyers

3.3.3. Threat of substitutes

3.3.4. Threat of new entrants

3.3.5. Intensity of rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Supportive Government Policies and Incentives

3.4.1.2. Growing Environmental Awareness

3.4.1.3. Urbanization and Traffic Congestion

3.4.1.4. Shifting Consumer Preferences

3.4.2. Restraints

3.4.2.1. Limited Range and High Battery Replacement Cost

3.4.2.2. Limited Charging Infrastructure in Developing Countries

3.4.3. Opportunities

3.4.3.1. Rise in demand for micro electric vehicles from developing countries

3.4.3.2. Expansion of Micromobility Services

3.4.3.3. Increase in adoption of Smart Cities

3.5. COVID-19 Impact Analysis on the market

4.1. Overview

4.1.1. Market size and forecast

4.2. Lead acid battery

4.2.1. Key market trends, growth factors and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market share analysis by country

4.3. Lithium-ion battery

4.3.1. Key market trends, growth factors and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market share analysis by country

5.1. Overview

5.1.1. Market size and forecast

5.2. Micro cars

5.2.1. Key market trends, growth factors and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market share analysis by country

5.3. Golfcarts, utility, and neighborhood electric vehicles

5.3.1. Key market trends, growth factors and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market share analysis by country

6.1. Overview

6.1.1. Market size and forecast

6.2. Commercial

6.2.1. Key market trends, growth factors and opportunities

6.2.2. Market size and forecast, by region

6.2.3. Market share analysis by country

6.3. Personal

6.3.1. Key market trends, growth factors and opportunities

6.3.2. Market size and forecast, by region

6.3.3. Market share analysis by country

6.4. Public utilities

6.4.1. Key market trends, growth factors and opportunities

6.4.2. Market size and forecast, by region

6.4.3. Market share analysis by country

7.1. Overview

7.1.1. Market size and forecast By Region

7.2. North America

7.2.1. Key trends and opportunities

7.2.2. Market size and forecast, by Battery Type

7.2.3. Market size and forecast, by Type

7.2.4. Market size and forecast, by Application

7.2.5. Market size and forecast, by country

7.2.5.1. U.S.

7.2.5.1.1. Key market trends, growth factors and opportunities

7.2.5.1.2. Market size and forecast, by Battery Type

7.2.5.1.3. Market size and forecast, by Type

7.2.5.1.4. Market size and forecast, by Application

7.2.5.2. Canada

7.2.5.2.1. Key market trends, growth factors and opportunities

7.2.5.2.2. Market size and forecast, by Battery Type

7.2.5.2.3. Market size and forecast, by Type

7.2.5.2.4. Market size and forecast, by Application

7.2.5.3. Mexico

7.2.5.3.1. Key market trends, growth factors and opportunities

7.2.5.3.2. Market size and forecast, by Battery Type

7.2.5.3.3. Market size and forecast, by Type

7.2.5.3.4. Market size and forecast, by Application

7.3. Europe

7.3.1. Key trends and opportunities

7.3.2. Market size and forecast, by Battery Type

7.3.3. Market size and forecast, by Type

7.3.4. Market size and forecast, by Application

7.3.5. Market size and forecast, by country

7.3.5.1. UK

7.3.5.1.1. Key market trends, growth factors and opportunities

7.3.5.1.2. Market size and forecast, by Battery Type

7.3.5.1.3. Market size and forecast, by Type

7.3.5.1.4. Market size and forecast, by Application

7.3.5.2. Germany

7.3.5.2.1. Key market trends, growth factors and opportunities

7.3.5.2.2. Market size and forecast, by Battery Type

7.3.5.2.3. Market size and forecast, by Type

7.3.5.2.4. Market size and forecast, by Application

7.3.5.3. France

7.3.5.3.1. Key market trends, growth factors and opportunities

7.3.5.3.2. Market size and forecast, by Battery Type

7.3.5.3.3. Market size and forecast, by Type

7.3.5.3.4. Market size and forecast, by Application

7.3.5.4. Italy

7.3.5.4.1. Key market trends, growth factors and opportunities

7.3.5.4.2. Market size and forecast, by Battery Type

7.3.5.4.3. Market size and forecast, by Type

7.3.5.4.4. Market size and forecast, by Application

7.3.5.5. Rest of Europe

7.3.5.5.1. Key market trends, growth factors and opportunities

7.3.5.5.2. Market size and forecast, by Battery Type

7.3.5.5.3. Market size and forecast, by Type

7.3.5.5.4. Market size and forecast, by Application

7.4. Asia-Pacific

7.4.1. Key trends and opportunities

7.4.2. Market size and forecast, by Battery Type

7.4.3. Market size and forecast, by Type

7.4.4. Market size and forecast, by Application

7.4.5. Market size and forecast, by country

7.4.5.1. China

7.4.5.1.1. Key market trends, growth factors and opportunities

7.4.5.1.2. Market size and forecast, by Battery Type

7.4.5.1.3. Market size and forecast, by Type

7.4.5.1.4. Market size and forecast, by Application

7.4.5.2. Japan

7.4.5.2.1. Key market trends, growth factors and opportunities

7.4.5.2.2. Market size and forecast, by Battery Type

7.4.5.2.3. Market size and forecast, by Type

7.4.5.2.4. Market size and forecast, by Application

7.4.5.3. India

7.4.5.3.1. Key market trends, growth factors and opportunities

7.4.5.3.2. Market size and forecast, by Battery Type

7.4.5.3.3. Market size and forecast, by Type

7.4.5.3.4. Market size and forecast, by Application

7.4.5.4. South Korea

7.4.5.4.1. Key market trends, growth factors and opportunities

7.4.5.4.2. Market size and forecast, by Battery Type

7.4.5.4.3. Market size and forecast, by Type

7.4.5.4.4. Market size and forecast, by Application

7.4.5.5. Rest of Asia-Pacific

7.4.5.5.1. Key market trends, growth factors and opportunities

7.4.5.5.2. Market size and forecast, by Battery Type

7.4.5.5.3. Market size and forecast, by Type

7.4.5.5.4. Market size and forecast, by Application

7.5. LAMEA

7.5.1. Key trends and opportunities

7.5.2. Market size and forecast, by Battery Type

7.5.3. Market size and forecast, by Type

7.5.4. Market size and forecast, by Application

7.5.5. Market size and forecast, by country

7.5.5.1. Latin America

7.5.5.1.1. Key market trends, growth factors and opportunities

7.5.5.1.2. Market size and forecast, by Battery Type

7.5.5.1.3. Market size and forecast, by Type

7.5.5.1.4. Market size and forecast, by Application

7.5.5.2. Middle East

7.5.5.2.1. Key market trends, growth factors and opportunities

7.5.5.2.2. Market size and forecast, by Battery Type

7.5.5.2.3. Market size and forecast, by Type

7.5.5.2.4. Market size and forecast, by Application

7.5.5.3. Africa

7.5.5.3.1. Key market trends, growth factors and opportunities

7.5.5.3.2. Market size and forecast, by Battery Type

7.5.5.3.3. Market size and forecast, by Type

7.5.5.3.4. Market size and forecast, by Application

8.1. Introduction

8.2. Top winning strategies

8.3. Product Mapping of Top 10 Player

8.4. Competitive Dashboard

8.5. Competitive Heatmap

8.6. Top player positioning, 2021

9.1. Club Car, LLC

9.1.1. Company overview

9.1.2. Key Executives

9.1.3. Company snapshot

9.1.4. Operating business segments

9.1.5. Product portfolio

9.1.6. Key strategic moves and developments

9.2. Italcar Industrial S.r.l.

9.2.1. Company overview

9.2.2. Key Executives

9.2.3. Company snapshot

9.2.4. Operating business segments

9.2.5. Product portfolio

9.3. PMV Electric Pvt. Ltd.

9.3.1. Company overview

9.3.2. Key Executives

9.3.3. Company snapshot

9.3.4. Operating business segments

9.3.5. Product portfolio

9.3.6. Key strategic moves and developments

9.4. Polaris Inc.

9.4.1. Company overview

9.4.2. Key Executives

9.4.3. Company snapshot

9.4.4. Operating business segments

9.4.5. Product portfolio

9.4.6. Business performance

9.5. Renault S.A.

9.5.1. Company overview

9.5.2. Key Executives

9.5.3. Company snapshot

9.5.4. Operating business segments

9.5.5. Product portfolio

9.5.6. Business performance

9.6. Shandong Shifeng (Group) Co., Ltd.

9.6.1. Company overview

9.6.2. Key Executives

9.6.3. Company snapshot

9.6.4. Operating business segments

9.6.5. Product portfolio

9.7. Textron Inc.

9.7.1. Company overview

9.7.2. Key Executives

9.7.3. Company snapshot

9.7.4. Operating business segments

9.7.5. Product portfolio

9.7.6. Business performance

9.8. TOYOTA MOTOR CORPORATION

9.8.1. Company overview

9.8.2. Key Executives

9.8.3. Company snapshot

9.8.4. Operating business segments

9.8.5. Product portfolio

9.8.6. Business performance

9.8.7. Key strategic moves and developments

9.9. Yamaha Golf-Car Company

9.9.1. Company overview

9.9.2. Key Executives

9.9.3. Company snapshot

9.9.4. Operating business segments

9.9.5. Product portfolio

9.10. Mahindra Electric Mobility Limited

9.10.1. Company overview

9.10.2. Key Executives

9.10.3. Company snapshot

9.10.4. Operating business segments

9.10.5. Product portfolio

9.10.6. Business performance

9.10.7. Key strategic moves and development

LIST OF TABLES

TABLE 01. GLOBAL MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 02. MICRO ELECTRIC VEHICLE MARKET FOR LEAD ACID BATTERY, BY REGION, 2021-2031 ($MILLION)

TABLE 03. MICRO ELECTRIC VEHICLE MARKET FOR LITHIUM-ION BATTERY, BY REGION, 2021-2031 ($MILLION)

TABLE 04. GLOBAL MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 05. MICRO ELECTRIC VEHICLE MARKET FOR MICRO CARS, BY REGION, 2021-2031 ($MILLION)

TABLE 06. MICRO ELECTRIC VEHICLE MARKET FOR GOLFCARTS, UTILITY, AND NEIGHBORHOOD ELECTRIC VEHICLES, BY REGION, 2021-2031 ($MILLION)

TABLE 07. GLOBAL MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 08. MICRO ELECTRIC VEHICLE MARKET FOR COMMERCIAL, BY REGION, 2021-2031 ($MILLION)

TABLE 09. MICRO ELECTRIC VEHICLE MARKET FOR PERSONAL, BY REGION, 2021-2031 ($MILLION)

TABLE 10. MICRO ELECTRIC VEHICLE MARKET FOR PUBLIC UTILITIES, BY REGION, 2021-2031 ($MILLION)

TABLE 11. MICRO ELECTRIC VEHICLE MARKET, BY REGION, 2021-2031 ($MILLION)

TABLE 12. NORTH AMERICA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 13. NORTH AMERICA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 14. NORTH AMERICA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 15. NORTH AMERICA MICRO ELECTRIC VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 16. U.S. MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 17. U.S. MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 18. U.S. MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 19. CANADA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 20. CANADA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 21. CANADA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 22. MEXICO MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 23. MEXICO MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 24. MEXICO MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 25. EUROPE MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 26. EUROPE MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 27. EUROPE MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 28. EUROPE MICRO ELECTRIC VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 29. UK MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 30. UK MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 31. UK MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 32. GERMANY MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 33. GERMANY MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 34. GERMANY MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 35. FRANCE MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 36. FRANCE MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 37. FRANCE MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 38. ITALY MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 39. ITALY MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 40. ITALY MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 41. REST OF EUROPE MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 42. REST OF EUROPE MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 43. REST OF EUROPE MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 44. ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 45. ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 46. ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 47. ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 48. CHINA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 49. CHINA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 50. CHINA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 51. JAPAN MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 52. JAPAN MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 53. JAPAN MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 54. INDIA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 55. INDIA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 56. INDIA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 57. SOUTH KOREA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 58. SOUTH KOREA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 59. SOUTH KOREA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 60. REST OF ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 61. REST OF ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 62. REST OF ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 63. LAMEA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 64. LAMEA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 65. LAMEA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 66. LAMEA MICRO ELECTRIC VEHICLE MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 67. LATIN AMERICA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 68. LATIN AMERICA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 69. LATIN AMERICA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 70. MIDDLE EAST MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 71. MIDDLE EAST MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 72. MIDDLE EAST MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 73. AFRICA MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021-2031 ($MILLION)

TABLE 74. AFRICA MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 75. AFRICA MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 76. CLUB CAR, LLC: KEY EXECUTIVES

TABLE 77. CLUB CAR, LLC: COMPANY SNAPSHOT

TABLE 78. CLUB CAR, LLC: PRODUCT SEGMENTS

TABLE 79. CLUB CAR, LLC: PRODUCT PORTFOLIO

TABLE 80. CLUB CAR, LLC: KEY STRATERGIES

TABLE 81. ITALCAR INDUSTRIAL S.R.L.: KEY EXECUTIVES

TABLE 82. ITALCAR INDUSTRIAL S.R.L.: COMPANY SNAPSHOT

TABLE 83. ITALCAR INDUSTRIAL S.R.L.: PRODUCT SEGMENTS

TABLE 84. ITALCAR INDUSTRIAL S.R.L.: PRODUCT PORTFOLIO

TABLE 85. PMV ELECTRIC PVT. LTD.: KEY EXECUTIVES

TABLE 86. PMV ELECTRIC PVT. LTD.: COMPANY SNAPSHOT

TABLE 87. PMV ELECTRIC PVT. LTD.: PRODUCT SEGMENTS

TABLE 88. PMV ELECTRIC PVT. LTD.: PRODUCT PORTFOLIO

TABLE 89. PMV ELECTRIC PVT. LTD.: KEY STRATERGIES

TABLE 90. POLARIS INC.: KEY EXECUTIVES

TABLE 91. POLARIS INC.: COMPANY SNAPSHOT

TABLE 92. POLARIS INC.: PRODUCT SEGMENTS

TABLE 93. POLARIS INC.: PRODUCT PORTFOLIO

TABLE 94. RENAULT S.A.: KEY EXECUTIVES

TABLE 95. RENAULT S.A.: COMPANY SNAPSHOT

TABLE 96. RENAULT S.A.: PRODUCT SEGMENTS

TABLE 97. RENAULT S.A.: SERVICE SEGMENTS

TABLE 98. RENAULT S.A.: PRODUCT PORTFOLIO

TABLE 99. SHANDONG SHIFENG (GROUP) CO., LTD.: KEY EXECUTIVES

TABLE 100. SHANDONG SHIFENG (GROUP) CO., LTD.: COMPANY SNAPSHOT

TABLE 101. SHANDONG SHIFENG (GROUP) CO., LTD.: PRODUCT SEGMENTS

TABLE 102. SHANDONG SHIFENG (GROUP) CO., LTD.: PRODUCT PORTFOLIO

TABLE 103. TEXTRON INC.: KEY EXECUTIVES

TABLE 104. TEXTRON INC.: COMPANY SNAPSHOT

TABLE 105. TEXTRON INC.: PRODUCT SEGMENTS

TABLE 106. TEXTRON INC.: PRODUCT PORTFOLIO

TABLE 107. TOYOTA MOTOR CORPORATION: KEY EXECUTIVES

TABLE 108. TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT

TABLE 109. TOYOTA MOTOR CORPORATION: PRODUCT SEGMENTS

TABLE 110. TOYOTA MOTOR CORPORATION: SERVICE SEGMENTS

TABLE 111. TOYOTA MOTOR CORPORATION: PRODUCT PORTFOLIO

TABLE 112. TOYOTA MOTOR CORPORATION: KEY STRATERGIES

TABLE 113. YAMAHA GOLF-CAR COMPANY: KEY EXECUTIVES

TABLE 114. YAMAHA GOLF-CAR COMPANY: COMPANY SNAPSHOT

TABLE 115. YAMAHA GOLF-CAR COMPANY: PRODUCT SEGMENTS

TABLE 116. YAMAHA GOLF-CAR COMPANY: PRODUCT PORTFOLIO

TABLE 117. MAHINDRA ELECTRIC MOBILITY LIMITED: KEY EXECUTIVES

TABLE 118. MAHINDRA ELECTRIC MOBILITY LIMITED: COMPANY SNAPSHOT

TABLE 119. MAHINDRA ELECTRIC MOBILITY LIMITED: PRODUCT SEGMENTS

TABLE 120. MAHINDRA ELECTRIC MOBILITY LIMITED: SERVICE SEGMENTS

TABLE 121. MAHINDRA ELECTRIC MOBILITY LIMITED: PRODUCT PORTFOLIO

TABLE 122. MAHINDRA ELECTRIC MOBILITY LIMITED: KEY STRATERGIES LIST OF FIGURES

FIGURE 01. MICRO ELECTRIC VEHICLE MARKET, 2021-2031

FIGURE 02. SEGMENTATION OF MICRO ELECTRIC VEHICLE MARKET, 2021-2031

FIGURE 03. TOP INVESTMENT POCKETS IN MICRO ELECTRIC VEHICLE MARKET (2022-2031)

FIGURE 04. MODERATE BARGAINING POWER OF SUPPLIERS

FIGURE 05. LOW TO MODERATE BARGAINING POWER OF BUYERS

FIGURE 06. MODERATE THREAT OF SUBSTITUTES

FIGURE 07. MODERATE TO HIGH THREAT OF NEW ENTRANTS

FIGURE 08. LOW TO MODERATE INTENSITY OF RIVALRY

FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALMICRO ELECTRIC VEHICLE MARKET

FIGURE 10. MICRO ELECTRIC VEHICLE MARKET, BY BATTERY TYPE, 2021(%)

FIGURE 11. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR LEAD ACID BATTERY, BY COUNTRY 2021 AND 2031(%)

FIGURE 12. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR LITHIUM-ION BATTERY, BY COUNTRY 2021 AND 2031(%)

FIGURE 13. MICRO ELECTRIC VEHICLE MARKET, BY TYPE, 2021(%)

FIGURE 14. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR MICRO CARS, BY COUNTRY 2021 AND 2031(%)

FIGURE 15. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR GOLFCARTS, UTILITY, AND NEIGHBORHOOD ELECTRIC VEHICLES, BY COUNTRY 2021 AND 2031(%)

FIGURE 16. MICRO ELECTRIC VEHICLE MARKET, BY APPLICATION, 2021(%)

FIGURE 17. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR COMMERCIAL, BY COUNTRY 2021 AND 2031(%)

FIGURE 18. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR PERSONAL, BY COUNTRY 2021 AND 2031(%)

FIGURE 19. COMPARATIVE SHARE ANALYSIS OF MICRO ELECTRIC VEHICLE MARKET FOR PUBLIC UTILITIES, BY COUNTRY 2021 AND 2031(%)

FIGURE 20. MICRO ELECTRIC VEHICLE MARKET BY REGION, 2021

FIGURE 21. U.S. MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 22. CANADA MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 23. MEXICO MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 24. UK MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 25. GERMANY MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 26. FRANCE MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 27. ITALY MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 28. REST OF EUROPE MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 29. CHINA MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 30. JAPAN MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 31. INDIA MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 32. SOUTH KOREA MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 33. REST OF ASIA-PACIFIC MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 34. LATIN AMERICA MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 35. MIDDLE EAST MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 36. AFRICA MICRO ELECTRIC VEHICLE MARKET, 2021-2031 ($MILLION)

FIGURE 37. TOP WINNING STRATEGIES, BY YEAR

FIGURE 38. TOP WINNING STRATEGIES, BY DEVELOPMENT

FIGURE 39. TOP WINNING STRATEGIES, BY COMPANY

FIGURE 40. PRODUCT MAPPING OF TOP 10 PLAYERS

FIGURE 41. COMPETITIVE DASHBOARD

FIGURE 42. COMPETITIVE HEATMAP: MICRO ELECTRIC VEHICLE MARKET

FIGURE 43. TOP PLAYER POSITIONING, 2021

FIGURE 44. POLARIS INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)

FIGURE 45. POLARIS INC.: NET SALES, 2019-2021 ($MILLION)

FIGURE 46. POLARIS INC.: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 47. POLARIS INC.: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 48. RENAULT S.A.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)

FIGURE 49. RENAULT S.A.: NET SALES, 2019-2021 ($MILLION)

FIGURE 50. RENAULT S.A.: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 51. RENAULT S.A.: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 52. TEXTRON INC.: NET REVENUE, 2020-2022 ($MILLION)

FIGURE 53. TEXTRON INC.: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 54. TEXTRON INC.: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 55. TOYOTA MOTOR CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)

FIGURE 56. TOYOTA MOTOR CORPORATION: NET SALES, 2019-2021 ($MILLION)

FIGURE 57. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 58. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 59. MAHINDRA ELECTRIC MOBILITY LIMITED: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)

FIGURE 60. MAHINDRA ELECTRIC MOBILITY LIMITED: NET SALES, 2019-2021 ($MILLION)

FIGURE 61. MAHINDRA ELECTRIC MOBILITY LIMITED: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 62. MAHINDRA ELECTRIC MOBILITY LIMITED: REVENUE SHARE BY REGION, 2021 (%