New Manufacturing research report from TechNavio is now available from Fast Market Research

Boston, MA -- (ReleaseWire) -- 07/24/2014 --Micro electric vehicles are driven by electric battery propulsion with a power rating of 4-10 KWh and are generally two to four-seater vehicles. This class of vehicles was earlier considered to belong to the category of electric vehicles, but as a result of the increased demand for this product and rapid growth of the market, they now form a separate market category.

TechNavio's analysts forecast the Global Micro Electric Vehicles market will grow at a CAGR of 14.91 percent over the period 2013-2018.

Covered in this Report

The Global Micro Electric Vehicles market can be divided into three segments: Quadricycles, Golf Carts, and Mobility Vehicles for the Disabled. To calculate the market size, the report considers the revenue generated from the combined sales of all three segments. . In addition, the report discusses the major drivers that influence the growth of the Global Micro Electric Vehicles market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.

View Full Report Details and Table of Contents

TechNavio's report, the Global Micro Electric Vehicles Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Micro Electric Vehicles market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

- Americas
- EMEA
- APAC

Key Vendors

- Ingersoll Rand plc
- Polaris Industries Inc.
- Textron Inc.
- Yamaha Motor Corp.

Other Prominent Vendors

- Canadian Electric Vehicles Ltd.
- Chongqing Huansong Industries (Group) Co. Ltd.
- Columbia ParCar
- E-Ride Industries
- Italcar
- Pride Mobility Products Corp.
- Shenzhen Marshell Green Power Co. Ltd.
- Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd.
- Tomberlin Automotive Group
- Zhejiang Ruifeng (R & P) Industry Group

Key Market Driver

- Increase in Government Subsidies and Incentives
- For a full, detailed list, view our report.

Key Market Challenge

- Inadequate Infrastructure for Charging
- For a full, detailed list, view our report.

Key Market Trend

- Increased Focus on Li-ion Batteries
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Companies Mentioned in this Report: Ingersoll Rand plc Polaris Industries Inc., Textron Inc., Yamaha Motor Corp., Canadian Electric Vehicles Ltd., Chongqing Huansong Industries (Group) Co. Ltd., Columbia ParCar, E-Ride Industries, Italcar, Pride Mobility Products Corp., Shenzhen Marshell Green Power Co. Ltd., Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd., Tomberlin Automotive Group, Zhejiang Ruifeng (R & P) Industry Group

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