
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.
Market Analysis and Insights: Global Micro EVs Market
Due to the COVID-19 pandemic, the global Micro EVs market size is estimated to be worth US$ 8179 million in 2022 and is forecast to a readjusted size of US$ 12360 million by 2029 with a CAGR of 6.0% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Lead-acid Battery EVs accounting for % of the Micro EVs global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Personal Use segment is altered to an % CAGR throughout this forecast period.
China is the largest region of Micro EVs, with a market share about 70%. Textron, Yamaha and Polaris are the major manufacturers of industry.
Global Micro EVs Scope and Market Size
The global Micro EVs market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Micro EVs market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.
Segment by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segment by Application
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
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
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Micro EVs Market Overview
1.1 Micro EVs Product Scope
1.2 Micro EVs Segment by Type
1.2.1 Global Micro EVs Sales by Type (2018 & 2022 & 2029)
1.2.2 Lead-acid Battery EVs
1.2.3 Lithium-ion Battery EVs
1.3 Micro EVs Segment by Application
1.3.1 Global Micro EVs Sales Comparison by Application (2018 & 2022 & 2029)
1.3.2 Personal Use
1.3.3 Commercial Use (Sightseeing, Golf etc.)
1.3.4 Public Utilities
1.4 Micro EVs Market Estimates and Forecasts (2018-2029)
1.4.1 Global Micro EVs Market Size in Value Growth Rate (2018-2029)
1.4.2 Global Micro EVs Market Size in Volume Growth Rate (2018-2029)
1.4.3 Global Micro EVs Price Trends (2018-2029)
2 Micro EVs Estimates and Forecasts by Region
2.1 Global Micro EVs Market Size by Region: 2018 VS 2022 VS 2029
2.2 Global Micro EVs Retrospective Market Scenario by Region (2018-2023)
2.2.1 Global Micro EVs Sales Market Share by Region (2018-2023)
2.2.2 Global Micro EVs Revenue Market Share by Region (2018-2023)
2.3 Global Micro EVs Market Estimates and Forecasts by Region (2024-2029)
2.3.1 Global Micro EVs Sales Estimates and Forecasts by Region (2024-2029)
2.3.2 Global Micro EVs Revenue Forecast by Region (2024-2029)
2.4 Geographic Market Analysis: Market Facts & Figures
2.4.1 United States Micro EVs Estimates and Projections (2018-2029)
2.4.2 Europe Micro EVs Estimates and Projections (2018-2029)
2.4.3 China Micro EVs Estimates and Projections (2018-2029)
2.4.4 Japan Micro EVs Estimates and Projections (2018-2029)
2.4.5 Southeast Asia Micro EVs Estimates and Projections (2018-2029)
2.4.6 India Micro EVs Estimates and Projections (2018-2029)
3 Global Micro EVs Competition Landscape by Players
3.1 Global Top Micro EVs Players by Sales (2018-2023)
3.2 Global Top Micro EVs Players by Revenue (2018-2023)
3.3 Global Micro EVs Market Share by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Micro EVs as of 2022)
3.4 Global Micro EVs Average Price by Company (2018-2023)
3.5 Manufacturers Micro EVs Manufacturing Sites, Area Served, Product Type
3.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4 Global Micro EVs Market Size by Type
4.1 Global Micro EVs Historic Market Review by Type (2018-2023)
4.1.1 Global Micro EVs Sales by Type (2018-2023)
4.1.2 Global Micro EVs Revenue by Type (2018-2023)
4.1.3 Global Micro EVs Price by Type (2018-2023)
4.2 Global Micro EVs Market Estimates and Forecasts by Type (2024-2029)
4.2.1 Global Micro EVs Sales Forecast by Type (2024-2029)
4.2.2 Global Micro EVs Revenue Forecast by Type (2024-2029)
4.2.3 Global Micro EVs Price Forecast by Type (2024-2029)
5 Global Micro EVs Market Size by Application
5.1 Global Micro EVs Historic Market Review by Application (2018-2023)
5.1.1 Global Micro EVs Sales by Application (2018-2023)
5.1.2 Global Micro EVs Revenue by Application (2018-2023)
5.1.3 Global Micro EVs Price by Application (2018-2023)
5.2 Global Micro EVs Market Estimates and Forecasts by Application (2024-2029)
5.2.1 Global Micro EVs Sales Forecast by Application (2024-2029)
5.2.2 Global Micro EVs Revenue Forecast by Application (2024-2029)
5.2.3 Global Micro EVs Price Forecast by Application (2024-2029)
6 United States Micro EVs Market Facts & Figures
6.1 United States Micro EVs Sales by Company
6.1.1 United States Micro EVs Sales by Company (2018-2023)
6.1.2 United States Micro EVs Revenue by Company (2018-2023)
6.2 United States Micro EVs Sales Breakdown by Type
6.2.1 United States Micro EVs Sales Breakdown by Type (2018-2023)
6.2.2 United States Micro EVs Sales Breakdown by Type (2024-2029)
6.3 United States Micro EVs Sales Breakdown by Application
6.3.1 United States Micro EVs Sales Breakdown by Application (2018-2023)
6.3.2 United States Micro EVs Sales Breakdown by Application (2024-2029)
7 Europe Micro EVs Market Facts & Figures
7.1 Europe Micro EVs Sales by Company
7.1.1 Europe Micro EVs Sales by Company (2018-2023)
7.1.2 Europe Micro EVs Revenue by Company (2018-2023)
7.2 Europe Micro EVs Sales Breakdown by Type
7.2.1 Europe Micro EVs Sales Breakdown by Type (2018-2023)
7.2.2 Europe Micro EVs Sales Breakdown by Type (2024-2029)
7.3 Europe Micro EVs Sales Breakdown by Application
7.3.1 Europe Micro EVs Sales Breakdown by Application (2018-2023)
7.3.2 Europe Micro EVs Sales Breakdown by Application (2024-2029)
8 China Micro EVs Market Facts & Figures
8.1 China Micro EVs Sales by Company
8.1.1 China Micro EVs Sales by Company (2018-2023)
8.1.2 China Micro EVs Revenue by Company (2018-2023)
8.2 China Micro EVs Sales Breakdown by Type
8.2.1 China Micro EVs Sales Breakdown by Type (2018-2023)
8.2.2 China Micro EVs Sales Breakdown by Type (2024-2029)
8.3 China Micro EVs Sales Breakdown by Application
8.3.1 China Micro EVs Sales Breakdown by Application (2018-2023)
8.3.2 China Micro EVs Sales Breakdown by Application (2024-2029)
9 Japan Micro EVs Market Facts & Figures
9.1 Japan Micro EVs Sales by Company
9.1.1 Japan Micro EVs Sales by Company (2018-2023)
9.1.2 Japan Micro EVs Revenue by Company (2018-2023)
9.2 Japan Micro EVs Sales Breakdown by Type
9.2.1 Japan Micro EVs Sales Breakdown by Type (2018-2023)
9.2.2 Japan Micro EVs Sales Breakdown by Type (2024-2029)
9.3 Japan Micro EVs Sales Breakdown by Application
9.3.1 Japan Micro EVs Sales Breakdown by Application (2018-2023)
9.3.2 Japan Micro EVs Sales Breakdown by Application (2024-2029)
10 Southeast Asia Micro EVs Market Facts & Figures
10.1 Southeast Asia Micro EVs Sales by Company
10.1.1 Southeast Asia Micro EVs Sales by Company (2018-2023)
10.1.2 Southeast Asia Micro EVs Revenue by Company (2018-2023)
10.2 Southeast Asia Micro EVs Sales Breakdown by Type
10.2.1 Southeast Asia Micro EVs Sales Breakdown by Type (2018-2023)
10.2.2 Southeast Asia Micro EVs Sales Breakdown by Type (2024-2029)
10.3 Southeast Asia Micro EVs Sales Breakdown by Application
10.3.1 Southeast Asia Micro EVs Sales Breakdown by Application (2018-2023)
10.3.2 Southeast Asia Micro EVs Sales Breakdown by Application (2024-2029)
11 India Micro EVs Market Facts & Figures
11.1 India Micro EVs Sales by Company
11.1.1 India Micro EVs Sales by Company (2018-2023)
11.1.2 India Micro EVs Revenue by Company (2018-2023)
11.2 India Micro EVs Sales Breakdown by Type
11.2.1 India Micro EVs Sales Breakdown by Type (2018-2023)
11.2.2 India Micro EVs Sales Breakdown by Type (2024-2029)
11.3 India Micro EVs Sales Breakdown by Application
11.3.1 India Micro EVs Sales Breakdown by Application (2018-2023)
11.3.2 India Micro EVs Sales Breakdown by Application (2024-2029)
12 Company Profiles and Key Figures in Micro EVs Business
12.1 Yogomo
12.1.1 Yogomo Corporation Information
12.1.2 Yogomo Business Overview
12.1.3 Yogomo Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.1.4 Yogomo Micro EVs Products Offered
12.1.5 Yogomo Recent Development
12.2 Shifeng
12.2.1 Shifeng Corporation Information
12.2.2 Shifeng Business Overview
12.2.3 Shifeng Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.2.4 Shifeng Micro EVs Products Offered
12.2.5 Shifeng Recent Development
12.3 Textron
12.3.1 Textron Corporation Information
12.3.2 Textron Business Overview
12.3.3 Textron Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.3.4 Textron Micro EVs Products Offered
12.3.5 Textron Recent Development
12.4 Dojo
12.4.1 Dojo Corporation Information
12.4.2 Dojo Business Overview
12.4.3 Dojo Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.4.4 Dojo Micro EVs Products Offered
12.4.5 Dojo Recent Development
12.5 Byvin
12.5.1 Byvin Corporation Information
12.5.2 Byvin Business Overview
12.5.3 Byvin Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.5.4 Byvin Micro EVs Products Offered
12.5.5 Byvin Recent Development
12.6 Polaris
12.6.1 Polaris Corporation Information
12.6.2 Polaris Business Overview
12.6.3 Polaris Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.6.4 Polaris Micro EVs Products Offered
12.6.5 Polaris Recent Development
12.7 Lichi
12.7.1 Lichi Corporation Information
12.7.2 Lichi Business Overview
12.7.3 Lichi Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.7.4 Lichi Micro EVs Products Offered
12.7.5 Lichi Recent Development
12.8 Baoya
12.8.1 Baoya Corporation Information
12.8.2 Baoya Business Overview
12.8.3 Baoya Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.8.4 Baoya Micro EVs Products Offered
12.8.5 Baoya Recent Development
12.9 Tangjun
12.9.1 Tangjun Corporation Information
12.9.2 Tangjun Business Overview
12.9.3 Tangjun Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.9.4 Tangjun Micro EVs Products Offered
12.9.5 Tangjun Recent Development
12.10 Yamaha
12.10.1 Yamaha Corporation Information
12.10.2 Yamaha Business Overview
12.10.3 Yamaha Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.10.4 Yamaha Micro EVs Products Offered
12.10.5 Yamaha Recent Development
12.11 Fulu
12.11.1 Fulu Corporation Information
12.11.2 Fulu Business Overview
12.11.3 Fulu Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.11.4 Fulu Micro EVs Products Offered
12.11.5 Fulu Recent Development
12.12 Xinyuzhou
12.12.1 Xinyuzhou Corporation Information
12.12.2 Xinyuzhou Business Overview
12.12.3 Xinyuzhou Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.12.4 Xinyuzhou Micro EVs Products Offered
12.12.5 Xinyuzhou Recent Development
12.13 GreenWheel EV
12.13.1 GreenWheel EV Corporation Information
12.13.2 GreenWheel EV Business Overview
12.13.3 GreenWheel EV Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.13.4 GreenWheel EV Micro EVs Products Offered
12.13.5 GreenWheel EV Recent Development
12.14 Incalu
12.14.1 Incalu Corporation Information
12.14.2 Incalu Business Overview
12.14.3 Incalu Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.14.4 Incalu Micro EVs Products Offered
12.14.5 Incalu Recent Development
12.15 Kandi
12.15.1 Kandi Corporation Information
12.15.2 Kandi Business Overview
12.15.3 Kandi Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.15.4 Kandi Micro EVs Products Offered
12.15.5 Kandi Recent Development
12.16 Renault
12.16.1 Renault Corporation Information
12.16.2 Renault Business Overview
12.16.3 Renault Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.16.4 Renault Micro EVs Products Offered
12.16.5 Renault Recent Development
12.17 APACHE
12.17.1 APACHE Corporation Information
12.17.2 APACHE Business Overview
12.17.3 APACHE Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.17.4 APACHE Micro EVs Products Offered
12.17.5 APACHE Recent Development
12.18 Garia
12.18.1 Garia Corporation Information
12.18.2 Garia Business Overview
12.18.3 Garia Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.18.4 Garia Micro EVs Products Offered
12.18.5 Garia Recent Development
12.19 Zheren
12.19.1 Zheren Corporation Information
12.19.2 Zheren Business Overview
12.19.3 Zheren Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.19.4 Zheren Micro EVs Products Offered
12.19.5 Zheren Recent Development
12.20 Ingersoll Rand
12.20.1 Ingersoll Rand Corporation Information
12.20.2 Ingersoll Rand Business Overview
12.20.3 Ingersoll Rand Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.20.4 Ingersoll Rand Micro EVs Products Offered
12.20.5 Ingersoll Rand Recent Development
12.21 CitEcar Electric Vehicles
12.21.1 CitEcar Electric Vehicles Corporation Information
12.21.2 CitEcar Electric Vehicles Business Overview
12.21.3 CitEcar Electric Vehicles Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.21.4 CitEcar Electric Vehicles Micro EVs Products Offered
12.21.5 CitEcar Electric Vehicles Recent Development
12.22 Eagle
12.22.1 Eagle Corporation Information
12.22.2 Eagle Business Overview
12.22.3 Eagle Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.22.4 Eagle Micro EVs Products Offered
12.22.5 Eagle Recent Development
12.23 Taiqi
12.23.1 Taiqi Corporation Information
12.23.2 Taiqi Business Overview
12.23.3 Taiqi Micro EVs Sales, Revenue and Gross Margin (2018-2023)
12.23.4 Taiqi Micro EVs Products Offered
12.23.5 Taiqi Recent Development
13 Micro EVs Manufacturing Cost Analysis
13.1 Micro EVs Key Raw Materials Analysis
13.1.1 Key Raw Materials
13.1.2 Key Raw Materials Price Trend
13.1.3 Key Suppliers of Raw Materials
13.2 Proportion of Manufacturing Cost Structure
13.3 Manufacturing Process Analysis of Micro EVs
13.4 Micro EVs Industrial Chain Analysis
14 Marketing Channel, Distributors and Customers
14.1 Marketing Channel
14.2 Micro EVs Distributors List
14.3 Micro EVs Customers
15 Market Dynamics
15.1 Micro EVs Industry Trends
15.2 Micro EVs Market Drivers
15.3 Micro EVs Market Challenges
15.4 Micro EVs Market Restraints
16 Research Findings and Conclusion
17 Appendix
17.1 Research Methodology
17.1.1 Methodology/Research Approach
17.1.2 Data Source
17.2 Author List
17.3 Disclaimer
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
Ìý
Ìý
*If Applicable.
