+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Motorized Quadricycle Market by Type, Propulsion Type, End-use, Price Range: Global Opportunity Analysis and Industry Forecast, 2021-2031

  • PDF Icon

    Report

  • 272 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743579
The report incorporates the study of the global motorized quadricycle market that focuses on the small & fuel efficient four wheeled vehicles used for local transportation in rural and urban areas. The vehicles are light in weight compared to conventional four-wheelers and emit low carbon into the environment. Moreover, it is available in different sizes with a capacity to hold maximum four passengers including driver at one time. The speed range for light quadricycle is 45 km/hr & heavy quadricycle is 100 km/hr and it weighs up to 400 - 500 kg. These vehicles have become quite popular mode means of internal transportation amid high traffic congestions in developed cities. Furthermore, motorized quadricycle is an affordable option that requires low maintenance costs compared to two-wheelers. Also, compared to two-wheelers, quadricycle offers the added benefit of safety while driving and protection from extreme weather condition and it is inexpensive than four-wheelers.

Currently, the original equipment manufacturers (OEMs) are focusing on developing electric powered quadricycle due to the rise in pollution level. For instance, in April 2022, Mahindra Electric Mobility Limited, part of the Mahindra Group, launched its wide range of electric vehicles at the Pune Alternate Fuel Conclave with the display of Treo auto, Treo Zor Delivery Van, Treo Tipper variant, e Alfa Mini Tipper variant, and Atom quadricycle. This is the first time that Atom is the only electric quadricycle in India.

Moreover, the market for motorized quadricycles has increased significantly in urban areas as a result of rising traffic congestion issues, rising demand for lightweight vehicles, fuel economy, and the desire for speedier commuting alternatives.

Similarly, increased demand for last-mile delivery options and growth in the investments by manufacturers to improve the vehicle’s (quadricycle) technology regarding passenger safety & comfort foster the motorized quadricycle market. For instance, manufacturers are implementing technologically advanced features and components that are fuel-efficient, environment-friendly, and increase passengers’ safety. Manufacturers are also equipping micro-cars (quadricycles) with high-end cameras, LiDAR, RADAR, and sensors. These high-end sensors and RADARs can perform even in extreme weather conditions.

For the purpose of analysis, the motorized quadricycle market is segmented on the basis of type, propulsion type, end use, price range, and region. By type, the market is divided into light quadricycle and heavy quadricycle. By propulsion type, it is fragmented into internal combustion engine (ICE) and electric. By end use, it is divided into household, commercial, and others (resorts, museums, and leisure). By price range, it is categorized into low, mid, and high. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The leading players operating in the motorized quadricycle market are Alke, Bajaj Auto Ltd., Goupil, Italcar Industrial S.r.l., LIGIER GROUP, Mahindra Electric Mobility Limited, Piaggio & C. SpA, Renault Group, Squad Mobility BV, and Yamaha Golf-Car Company.

KEY BENEFITS FOR STAKEHOLDERS

  • This study presents analytical depiction of the global motorized quadricycle market analysis along with current trends and future estimations to depict imminent investment pockets.
  • The overall motorized quadricycle market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global motorized quadricycle market with a detailed impact analysis.
  • The current motorized quadricycle market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Price Range

  • Low
  • Mid
  • High

By Type

  • Light Quadricycle
  • Heavy Quadricycle

By Propulsion Type

  • ICE
  • Electric

By End Use

  • Household
  • Commercial
  • Others (resorts, museums, and leisure)

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Renault Group
  • Italcar Industrial S.r.l.
  • Bajaj Auto Ltd
  • Piaggio & C. SpA
  • Ligier Group
  • Goupil
  • Yamaha Golf-Car Company
  • Alke
  • Squad Mobility BV
  • Mahindra Electric Mobility Limited

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increasing demand for lightweight vehicles
3.4.1.2. Rising traffic congestion
3.4.1.3. Stringent governments rules and regulations
3.4.2. Restraints
3.4.2.1. Low speed of motorized quadricycles
3.4.2.2. Lack of passenger safety
3.4.3. Opportunities
3.4.3.1. Rising popularity & demand for quadricycles among the elderly and young population
3.4.3.2. Incorporation of cutting-edge technology in motorized quadricycles
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: MOTORIZED QUADRICYCLE MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Light Quadricycle
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. Heavy Quadricycle
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

CHAPTER 5: MOTORIZED QUADRICYCLE MARKET, BY PROPULSION TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2. ICE
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. Electric
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

CHAPTER 6: MOTORIZED QUADRICYCLE MARKET, BY END USE
6.1 Overview
6.1.1 Market size and forecast
6.2. Household
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. Commercial
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. Others (resorts, museums, and leisure)
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

CHAPTER 7: MOTORIZED QUADRICYCLE MARKET, BY PRICE RANGE
7.1 Overview
7.1.1 Market size and forecast
7.2. Low
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3. Mid
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4. High
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country

CHAPTER 8: MOTORIZED QUADRICYCLE MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Type
8.2.3 North America Market size and forecast, by Propulsion Type
8.2.4 North America Market size and forecast, by End Use
8.2.5 North America Market size and forecast, by Price Range
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Type
8.2.6.1.3 Market size and forecast, by Propulsion Type
8.2.6.1.4 Market size and forecast, by End Use
8.2.6.1.5 Market size and forecast, by Price Range
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Type
8.2.6.2.3 Market size and forecast, by Propulsion Type
8.2.6.2.4 Market size and forecast, by End Use
8.2.6.2.5 Market size and forecast, by Price Range
8.2.6.3 Mexico
8.2.6.3.1 Key market trends, growth factors and opportunities
8.2.6.3.2 Market size and forecast, by Type
8.2.6.3.3 Market size and forecast, by Propulsion Type
8.2.6.3.4 Market size and forecast, by End Use
8.2.6.3.5 Market size and forecast, by Price Range
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Type
8.3.3 Europe Market size and forecast, by Propulsion Type
8.3.4 Europe Market size and forecast, by End Use
8.3.5 Europe Market size and forecast, by Price Range
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Type
8.3.6.1.3 Market size and forecast, by Propulsion Type
8.3.6.1.4 Market size and forecast, by End Use
8.3.6.1.5 Market size and forecast, by Price Range
8.3.6.2 Germany
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Type
8.3.6.2.3 Market size and forecast, by Propulsion Type
8.3.6.2.4 Market size and forecast, by End Use
8.3.6.2.5 Market size and forecast, by Price Range
8.3.6.3 France
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Type
8.3.6.3.3 Market size and forecast, by Propulsion Type
8.3.6.3.4 Market size and forecast, by End Use
8.3.6.3.5 Market size and forecast, by Price Range
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Type
8.3.6.4.3 Market size and forecast, by Propulsion Type
8.3.6.4.4 Market size and forecast, by End Use
8.3.6.4.5 Market size and forecast, by Price Range
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Type
8.3.6.5.3 Market size and forecast, by Propulsion Type
8.3.6.5.4 Market size and forecast, by End Use
8.3.6.5.5 Market size and forecast, by Price Range
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Type
8.3.6.6.3 Market size and forecast, by Propulsion Type
8.3.6.6.4 Market size and forecast, by End Use
8.3.6.6.5 Market size and forecast, by Price Range
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Type
8.4.3 Asia-Pacific Market size and forecast, by Propulsion Type
8.4.4 Asia-Pacific Market size and forecast, by End Use
8.4.5 Asia-Pacific Market size and forecast, by Price Range
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Type
8.4.6.1.3 Market size and forecast, by Propulsion Type
8.4.6.1.4 Market size and forecast, by End Use
8.4.6.1.5 Market size and forecast, by Price Range
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Type
8.4.6.2.3 Market size and forecast, by Propulsion Type
8.4.6.2.4 Market size and forecast, by End Use
8.4.6.2.5 Market size and forecast, by Price Range
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Type
8.4.6.3.3 Market size and forecast, by Propulsion Type
8.4.6.3.4 Market size and forecast, by End Use
8.4.6.3.5 Market size and forecast, by Price Range
8.4.6.4 Australia
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Type
8.4.6.4.3 Market size and forecast, by Propulsion Type
8.4.6.4.4 Market size and forecast, by End Use
8.4.6.4.5 Market size and forecast, by Price Range
8.4.6.5 South Korea
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Type
8.4.6.5.3 Market size and forecast, by Propulsion Type
8.4.6.5.4 Market size and forecast, by End Use
8.4.6.5.5 Market size and forecast, by Price Range
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Type
8.4.6.6.3 Market size and forecast, by Propulsion Type
8.4.6.6.4 Market size and forecast, by End Use
8.4.6.6.5 Market size and forecast, by Price Range
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Type
8.5.3 LAMEA Market size and forecast, by Propulsion Type
8.5.4 LAMEA Market size and forecast, by End Use
8.5.5 LAMEA Market size and forecast, by Price Range
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Type
8.5.6.1.3 Market size and forecast, by Propulsion Type
8.5.6.1.4 Market size and forecast, by End Use
8.5.6.1.5 Market size and forecast, by Price Range
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Type
8.5.6.2.3 Market size and forecast, by Propulsion Type
8.5.6.2.4 Market size and forecast, by End Use
8.5.6.2.5 Market size and forecast, by Price Range
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Type
8.5.6.3.3 Market size and forecast, by Propulsion Type
8.5.6.3.4 Market size and forecast, by End Use
8.5.6.3.5 Market size and forecast, by Price Range

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1 Renault Group
10.1.1 Company overview
10.1.2 Key Executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Italcar Industrial S.r.l.
10.2.1 Company overview
10.2.2 Key Executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 Bajaj Auto Ltd
10.3.1 Company overview
10.3.2 Key Executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 Piaggio & C. SpA
10.4.1 Company overview
10.4.2 Key Executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Ligier Group
10.5.1 Company overview
10.5.2 Key Executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 Goupil
10.6.1 Company overview
10.6.2 Key Executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Business performance
10.6.7 Key strategic moves and developments
10.7 Yamaha Golf-Car Company
10.7.1 Company overview
10.7.2 Key Executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 Alke
10.8.1 Company overview
10.8.2 Key Executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 Squad Mobility BV
10.9.1 Company overview
10.9.2 Key Executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Business performance
10.9.7 Key strategic moves and developments
10.10 Mahindra Electric Mobility Limited
10.10.1 Company overview
10.10.2 Key Executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 2. Motorized Quadricycle Market for Light Quadricycle, by Region, 2021-2031 (Revenue, $Thousand)
Table 3. Motorized Quadricycle Market for Heavy Quadricycle, by Region, 2021-2031 (Revenue, $Thousand)
Table 4. Global Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 5. Motorized Quadricycle Market for Ice, by Region, 2021-2031 (Revenue, $Thousand)
Table 6. Motorized Quadricycle Market for Electric, by Region, 2021-2031 (Revenue, $Thousand)
Table 7. Global Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 8. Motorized Quadricycle Market for Household, by Region, 2021-2031 (Revenue, $Thousand)
Table 9. Motorized Quadricycle Market for Commercial, by Region, 2021-2031 (Revenue, $Thousand)
Table 10. Motorized Quadricycle Market for Others (Resorts, Museums, and Leisure), by Region, 2021-2031 (Revenue, $Thousand)
Table 11. Global Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 12. Motorized Quadricycle Market for Low, by Region, 2021-2031 (Revenue, $Thousand)
Table 13. Motorized Quadricycle Market for Mid, by Region, 2021-2031 (Revenue, $Thousand)
Table 14. Motorized Quadricycle Market for High, by Region, 2021-2031 (Revenue, $Thousand)
Table 15. Motorized Quadricycle Market, by Region, 2021-2031 (Revenue, $Thousand)
Table 16. North America Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 17. North America Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 18. North America Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 19. North America Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 20. North America Motorized Quadricycle Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 21. U.S. Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 22. U.S. Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 23. U.S. Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 24. U.S. Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 25. Canada Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 26. Canada Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 27. Canada Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 28. Canada Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 29. Mexico Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 30. Mexico Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 31. Mexico Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 32. Mexico Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 33. Europe Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 34. Europe Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 35. Europe Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 36. Europe Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 37. Europe Motorized Quadricycle Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 38. UK Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 39. UK Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 40. UK Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 41. UK Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 42. Germany Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 43. Germany Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 44. Germany Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 45. Germany Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 46. France Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 47. France Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 48. France Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 49. France Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 50. Italy Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 51. Italy Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 52. Italy Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 53. Italy Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 54. Spain Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 55. Spain Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 56. Spain Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 57. Spain Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 58. Rest of Europe Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 59. Rest of Europe Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 60. Rest of Europe Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 61. Rest of Europe Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 62. Asia-Pacific Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 63. Asia-Pacific Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 64. Asia-Pacific Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 65. Asia-Pacific Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 66. Asia-Pacific Motorized Quadricycle Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 67. China Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 68. China Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 69. China Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 70. China Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 71. Japan Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 72. Japan Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 73. Japan Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 74. Japan Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 75. India Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 76. India Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 77. India Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 78. India Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 79. Australia Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 80. Australia Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 81. Australia Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 82. Australia Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 83. South Korea Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 84. South Korea Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 85. South Korea Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 86. South Korea Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 87. Rest of Asia-Pacific Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 88. Rest of Asia-Pacific Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 89. Rest of Asia-Pacific Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 90. Rest of Asia-Pacific Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 91. LAMEA Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 92. LAMEA Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 93. LAMEA Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 94. LAMEA Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 95. LAMEA Motorized Quadricycle Market, by Country, 2021-2031 (Revenue, $Thousand)
Table 96. Latin America Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 97. Latin America Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 98. Latin America Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 99. Latin America Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 100. Middle East Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 101. Middle East Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 102. Middle East Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 103. Middle East Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 104. Africa Motorized Quadricycle Market, by Type, 2021-2031 (Revenue, $Thousand)
Table 105. Africa Motorized Quadricycle Market, by Propulsion Type, 2021-2031 (Revenue, $Thousand)
Table 106. Africa Motorized Quadricycle Market, by End Use, 2021-2031 (Revenue, $Thousand)
Table 107. Africa Motorized Quadricycle Market, by Price Range, 2021-2031 (Revenue, $Thousand)
Table 108. Renault Group: Key Executives
Table 109. Renault Group: Company Snapshot
Table 110. Renault Group: Operating Segments
Table 111. Renault Group: Product Portfolio
Table 112. Renault Group: Net Sales
Table 113. Renault Group: Key Stratergies
Table 114. Italcar Industrial S.R.L.: Key Executives
Table 115. Italcar Industrial S.R.L.: Company Snapshot
Table 116. Italcar Industrial S.R.L.: Operating Segments
Table 117. Italcar Industrial S.R.L.: Product Portfolio
Table 118. Italcar Industrial S.R.L.: Net Sales
Table 119. Italcar Industrial S.R.L.: Key Stratergies
Table 120. Bajaj Auto Ltd: Key Executives
Table 121. Bajaj Auto Ltd: Company Snapshot
Table 122. Bajaj Auto Ltd: Operating Segments
Table 123. Bajaj Auto Ltd: Product Portfolio
Table 124. Bajaj Auto Ltd: Net Sales
Table 125. Bajaj Auto Ltd: Key Stratergies
Table 126. Piaggio & C. Spa: Key Executives
Table 127. Piaggio & C. Spa: Company Snapshot
Table 128. Piaggio & C. Spa: Operating Segments
Table 129. Piaggio & C. Spa: Product Portfolio
Table 130. Piaggio & C. Spa: Net Sales
Table 131. Piaggio & C. Spa: Key Stratergies
Table 132. Ligier Group: Key Executives
Table 133. Ligier Group: Company Snapshot
Table 134. Ligier Group: Operating Segments
Table 135. Ligier Group: Product Portfolio
Table 136. Ligier Group: Net Sales
Table 137. Ligier Group: Key Stratergies
Table 138. Goupil: Key Executives
Table 139. Goupil: Company Snapshot
Table 140. Goupil: Operating Segments
Table 141. Goupil: Product Portfolio
Table 142. Goupil: Net Sales
Table 143. Goupil: Key Stratergies
Table 144. Yamaha Golf-Car Company: Key Executives
Table 145. Yamaha Golf-Car Company: Company Snapshot
Table 146. Yamaha Golf-Car Company: Operating Segments
Table 147. Yamaha Golf-Car Company: Product Portfolio
Table 148. Yamaha Golf-Car Company: Net Sales
Table 149. Yamaha Golf-Car Company: Key Stratergies
Table 150. Alke: Key Executives
Table 151. Alke: Company Snapshot
Table 152. Alke: Operating Segments
Table 153. Alke: Product Portfolio
Table 154. Alke: Net Sales
Table 155. Alke: Key Stratergies
Table 156. Squad Mobility Bv: Key Executives
Table 157. Squad Mobility Bv: Company Snapshot
Table 158. Squad Mobility Bv: Operating Segments
Table 159. Squad Mobility Bv: Product Portfolio
Table 160. Squad Mobility Bv: Net Sales
Table 161. Squad Mobility Bv: Key Stratergies
Table 162. Mahindra Electric Mobility Limited: Key Executives
Table 163. Mahindra Electric Mobility Limited: Company Snapshot
Table 164. Mahindra Electric Mobility Limited: Operating Segments
Table 165. Mahindra Electric Mobility Limited: Product Portfolio
Table 166. Mahindra Electric Mobility Limited: Net Sales
Table 167. Mahindra Electric Mobility Limited: Key Stratergies

List of Figures
Figure 1. Segmentation of Motorized Quadricycle Market, 2021-2031
Figure 2. Motorized Quadricycle Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Motorized Quadricycle Market: Drivers, Restraints and Opportunities
Figure 10. Motorized Quadricycle Market, by Type, 2021 (%)
Figure 11. Comparative Share Analysis of Light Quadricycle Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Heavy Quadricycle Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 13. Motorized Quadricycle Market, by Propulsion Type, 2021 (%)
Figure 14. Comparative Share Analysis of Ice Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Electric Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 16. Motorized Quadricycle Market, by End Use, 2021 (%)
Figure 17. Comparative Share Analysis of Household Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Commercial Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 19. Comparative Share Analysis of Others (Resorts, Museums, and Leisure) Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 20. Motorized Quadricycle Market, by Price Range, 2021 (%)
Figure 21. Comparative Share Analysis of Low Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 22. Comparative Share Analysis of Mid Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 23. Comparative Share Analysis of High Motorized Quadricycle Market, 2021 and 2031 (%)
Figure 24. Motorized Quadricycle Market by Region, 2021
Figure 25. U.S. Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 26. Canada Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 27. Mexico Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 28. UK Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 29. Germany Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 30. France Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 31. Italy Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 32. Spain Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 33. Rest of Europe Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 34. China Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 35. Japan Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 36. India Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 37. Australia Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 38. South Korea Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 39. Rest of Asia-Pacific Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 40. Latin America Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 41. Middle East Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 42. Africa Motorized Quadricycle Market, 2021-2031 ($Thousand)
Figure 43. Top Winning Strategies, by Year
Figure 44. Top Winning Strategies, by Development
Figure 45. Top Winning Strategies, by Company
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap of Top 10 Key Players
Figure 49. Top Player Positioning, 2021
Figure 50. Renault Group.: Net Sales ($Thousand)
Figure 51. Italcar Industrial S.R.L..: Net Sales ($Thousand)
Figure 52. Bajaj Auto Ltd.: Net Sales ($Thousand)
Figure 53. Piaggio & C. Spa.: Net Sales ($Thousand)
Figure 54. Ligier Group.: Net Sales ($Thousand)
Figure 55. Goupil.: Net Sales ($Thousand)
Figure 56. Yamaha Golf-Car Company.: Net Sales ($Thousand)
Figure 57. Alke.: Net Sales ($Thousand)
Figure 58. Squad Mobility Bv.: Net Sales ($Thousand)
Figure 59. Mahindra Electric Mobility Limited.: Net Sales ($Thousand)

Executive Summary

The motorized quadricycle market is expected to experience a significant growth rate of 9.9% from 2022-2031 owing to the increasing use for personal as well as commercial applications as it is compact with the simpler design and can be useful in industrial facilities, resorts, and museums.

Motorized Quadricycles is a type of is a four-wheeled vehicle that has been equipped with an engine and transmission. These automobiles are legal to drive on public highways and are often used for personal transportation. It is the best option for last-mile connection since it is lightweight, maneuverable, and low in weight. Several OEMs are concentrating on creating battery-powered lightweight quadricycles that may give performance comparable to traditional ones and boost fuel savings in the present due to the rising extent of vehicular emissions globally. Moreover, manufacturers focusing on new product development and launching new models in the market. For instance, in January 2019, the company introduced a new quadricycle model in its automobiles Ligier series, the LIGIER JS50 SPORT ULTIMATE.

The key factors driving the growth of the motorized quadricycle market include rising popularity & demand for quadricycles among the elderly & young population and incorporation of cutting-edge technology in motorized quadricycles which creates lucrative opportunities for the growth of the market across the globe. Moreover, the factors such as increasing demand for lightweight vehicles, rising traffic congestion, and favorable governments rules and regulations also propels the market toward a positive growth across the globe. Moreover, the factors such as rising awareness about lesser fuel consumption to reduce the carbon footprint and rapidly growing economy have provided a boost to motorized quadricycle sales globally.

The market also offers growth factors to the key players operating in the market owing to the growing demand for lightweight vehicles for leisure & industrial activities. Thus, the development and production of lightweight battery-powered motorized quadricycles have been made possible by numerous technological advancement and industrial revolutions in the global motorized quadricycles market. These new generation vehicles can substantially increase the savings on fuel costs while providing performance equivalent to the traditional vehicles that use internal combustion engines.

The motorized quadricycle market is segmented on the basis of type, propulsion type, end use, price range, and region. By type, the market is divided into light quadricycle and heavy quadricycle. By propulsion type, it is fragmented into internal combustion engine (ICE) and electric. By end use, it is divided into household, commercial, and others (resorts, museums, and leisure). By price range, it is categorized into low, mid, and high. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study include Alke, Bajaj Auto Ltd., Goupil, Italcar Industrial S.r.l., LIGIER GROUP, Mahindra Electric Mobility Limited, Piaggio & C. SpA, Renault Group, Squad Mobility BV, and Yamaha Golf-Car Company. The players in the market have been actively engaged in the adoption of various strategies such as have adopted partnerships, investments, and product launches to remain competitive and gain advantage over the competitors in the market. For instance, in April 2019, Bajaj Auto launched India’s first quadricycle, the Qute. It is projecting the Qute as an intracity vehicle that is more affordable to run, maintain and drive than regular cars.

Key Market Insights

  • By type, the light quadricycle segment was the highest revenue contributor to the market, and is estimated to reach $670.9 million by 2031, with a CAGR of 9.5%. However, the heavy quadricycle segment is estimated to be the fastest growing segment with the CAGR of 10.6% during the forecast period.
  • By propulsion type, the internal combustion engine (ICE) segment was the highest revenue contributor to the market, and is estimated to reach $614.2 million by 2031, with a CAGR of 9.4%. However, the electric segment is estimated to be the fastest growing segment with the CAGR of 10.5% during the forecast period.
  • By end use, the others (resorts, museums, and leisure) segment was the highest revenue contributor to the market, and is estimated to reach $463.5 million by 2031, with a CAGR of 10.1%. However, the commercial segment is estimated to be the fastest growing segment with the CAGR of 11.2% during the forecast period.
  • By price range, the mid segment was the highest revenue contributor to the market, and is estimated to reach $438.5 million by 2031, with a CAGR of 9.9%. However, the high segment is estimated to be the fastest growing segment with the CAGR of 10.5% during the forecast period.

Companies Mentioned

  • Renault Group
  • Italcar Industrial S.r.l.
  • Bajaj Auto Ltd
  • Piaggio & C. SpA
  • Ligier Group
  • Goupil
  • Yamaha Golf-Car Company
  • Alke
  • Squad Mobility BV
  • Mahindra Electric Mobility Limited

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...