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Electric Utility Vehicle Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

  • Report

  • 350 Pages
  • January 2024
  • Region: Global
  • Infinium Global Research
  • ID: 5933641
Description Jump to:
The report on the global electric utility vehicle market provides qualitative and quantitative analysis for the period from 2021-2030. The global electric utility vehicle market was valued at USD 18.75 billion in 2022 and is expected to reach USD 30.85 billion in 2030, with a CAGR of 5.58% during the forecast period 2023-2030. The study on electric utility vehicle market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on electric utility vehicle market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global electric utility vehicle market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global electric utility vehicle market over the period of 2021-2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

  • Growing concern for the environment and the need to reduce carbon emissions drive the electric utility vehicle market.
  • The need for efficient intra-warehouse logistics is fueling the adoption of electric utility vehicles.

2) Restraints

  • High upfront costs and limited charging infrastructure hinder the widespread adoption of electric utility vehicles.

3) Opportunities

  • Advancements in battery technology and growing demand for last-mile delivery solutions present significant opportunities for the electric utility vehicle market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global electric utility vehicle market is segmented on the basis of vehicle type, battery type, seating capacity, drive type, and application.

The Global Electric Utility Vehicle Market by Vehicle Type

  • Electric ATV
  • Electric UTV
  • Electric Utility Carts
  • Electric Shuttle
  • Industrial Electric Utility

The Global Electric Utility Vehicle Market by Battery Type

  • Lead-acid
  • Lithium-ion
  • Others

The Global Electric Utility Vehicle Market by Seating Capacity

  • 1 Seater
  • 2 Seater
  • More than 2 Seater

The Global Electric Utility Vehicle Market by Drive Type

  • Front Wheel Drive
  • Rear Wheel Drive
  • All Wheel Drive

The Global Electric Utility Vehicle Market by Application

  • Commercial Transport
  • Industrial
  • Recreation
  • Agriculture
  • Others

Company Profiles

The companies covered in the report include

  • Addax Motors
  • Alke
  • American Landmaster
  • Columbia Vehicle Group Inc.
  • HISUN
  • Marshell Green Power
  • Polaris Inc.
  • Star EV Corporation
  • Textron Specialized Vehicles Inc.
  • CLUB CAR

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the electric utility vehicle market.
2. Complete coverage of all the segments in the electric utility vehicle market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global electric utility vehicle market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Table of Contents

Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Electric Utility Vehicle Market Highlights
2.2. Electric Utility Vehicle Market Projection
2.3. Electric Utility Vehicle Market Regional Highlights
Chapter 3. Global Electric Utility Vehicle Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. Growth Matrix Analysis
3.4.1. Growth Matrix Analysis by Vehicle Type
3.4.2. Growth Matrix Analysis by Battery Type
3.4.3. Growth Matrix Analysis by Seating Capacity
3.4.4. Growth Matrix Analysis by Drive Type
3.4.5. Growth Matrix Analysis by Application
3.4.6. Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Electric Utility Vehicle Market
Chapter 4. Electric Utility Vehicle Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Electric Utility Vehicle Market
5.2. Companies Profiles
5.2.1. Addax Motors
5.2.2. Alke
5.2.3. American Landmaster
5.2.4. Columbia Vehicle Group Inc.
5.2.5. HISUN
5.2.6. Marshell Green Power
5.2.7. Polaris Inc.
5.2.8. Star EV Corporation
5.2.9. Textron Specialized Vehicles Inc.
5.2.10. CLUB CAR
Chapter 6. Global Electric Utility Vehicle Market by Vehicle Type
6.1. Electric ATV
6.2. Electric UTV
6.3. Electric Utility Carts
6.4. Electric Shuttle
6.5. Industrial Electric Utility
Chapter 7. Global Electric Utility Vehicle Market by Battery Type
7.1. Lead-acid
7.2. Lithium-ion
7.3. Others
Chapter 8. Global Electric Utility Vehicle Market by Seating Capacity
8.1. 1 Seater
8.2. 2 Seater
8.3. More than 2 Seater
Chapter 9. Global Electric Utility Vehicle Market by Drive Type
9.1. Front Wheel Drive
9.2. Rear Wheel Drive
9.3. All Wheel Drive
Chapter 10. Global Electric Utility Vehicle Market by Application
10.1. Commercial Transport
10.2. Industrial
10.3. Recreation
10.4. Agriculture
10.5. Others
Chapter 11. Global Electric Utility Vehicle Market by Region 2023-2030
11.1. North America
11.1.1. North America Electric Utility Vehicle Market by Vehicle Type
11.1.2. North America Electric Utility Vehicle Market by Battery Type
11.1.3. North America Electric Utility Vehicle Market by Seating Capacity
11.1.4. North America Electric Utility Vehicle Market by Drive Type
11.1.5. North America Electric Utility Vehicle Market by Application
11.1.6. North America Electric Utility Vehicle Market by Country
11.1.6.1. The U.S. Electric Utility Vehicle Market
11.1.6.1.1. The U.S. Electric Utility Vehicle Market by Vehicle Type
11.1.6.1.2. The U.S. Electric Utility Vehicle Market by Battery Type
11.1.6.1.3. The U.S. Electric Utility Vehicle Market by Seating Capacity
11.1.6.1.4. The U.S. Electric Utility Vehicle Market by Drive Type
11.1.6.1.5. The U.S. Electric Utility Vehicle Market by Application
11.1.6.2. Canada Electric Utility Vehicle Market
11.1.6.2.1. Canada Electric Utility Vehicle Market by Vehicle Type
11.1.6.2.2. Canada Electric Utility Vehicle Market by Battery Type
11.1.6.2.3. Canada Electric Utility Vehicle Market by Seating Capacity
11.1.6.2.4. Canada Electric Utility Vehicle Market by Drive Type
11.1.6.2.5. Canada Electric Utility Vehicle Market by Application
11.1.6.3. Mexico Electric Utility Vehicle Market
11.1.6.3.1. Mexico Electric Utility Vehicle Market by Vehicle Type
11.1.6.3.2. Mexico Electric Utility Vehicle Market by Battery Type
11.1.6.3.3. Mexico Electric Utility Vehicle Market by Seating Capacity
11.1.6.3.4. Mexico Electric Utility Vehicle Market by Drive Type
11.1.6.3.5. Mexico Electric Utility Vehicle Market by Application
11.2. Europe
11.2.1. Europe Electric Utility Vehicle Market by Vehicle Type
11.2.2. Europe Electric Utility Vehicle Market by Battery Type
11.2.3. Europe Electric Utility Vehicle Market by Seating Capacity
11.2.4. Europe Electric Utility Vehicle Market by Drive Type
11.2.5. Europe Electric Utility Vehicle Market by Application
11.2.6. Europe Electric Utility Vehicle Market by Country
11.2.6.1. Germany Electric Utility Vehicle Market
11.2.6.1.1. Germany Electric Utility Vehicle Market by Vehicle Type
11.2.6.1.2. Germany Electric Utility Vehicle Market by Battery Type
11.2.6.1.3. Germany Electric Utility Vehicle Market by Seating Capacity
11.2.6.1.4. Germany Electric Utility Vehicle Market by Drive Type
11.2.6.1.5. Germany Electric Utility Vehicle Market by Application
11.2.6.2. United Kingdom Electric Utility Vehicle Market
11.2.6.2.1. United Kingdom Electric Utility Vehicle Market by Vehicle Type
11.2.6.2.2. United Kingdom Electric Utility Vehicle Market by Battery Type
11.2.6.2.3. United Kingdom Electric Utility Vehicle Market by Seating Capacity
11.2.6.2.4. United Kingdom Electric Utility Vehicle Market by Drive Type
11.2.6.2.5. United Kingdom Electric Utility Vehicle Market by Application
11.2.6.3. France Electric Utility Vehicle Market
11.2.6.3.1. France Electric Utility Vehicle Market by Vehicle Type
11.2.6.3.2. France Electric Utility Vehicle Market by Battery Type
11.2.6.3.3. France Electric Utility Vehicle Market by Seating Capacity
11.2.6.3.4. France Electric Utility Vehicle Market by Drive Type
11.2.6.3.5. France Electric Utility Vehicle Market by Application
11.2.6.4. Italy Electric Utility Vehicle Market
11.2.6.4.1. Italy Electric Utility Vehicle Market by Vehicle Type
11.2.6.4.2. Italy Electric Utility Vehicle Market by Battery Type
11.2.6.4.3. Italy Electric Utility Vehicle Market by Seating Capacity
11.2.6.4.4. Italy Electric Utility Vehicle Market by Drive Type
11.2.6.4.5. Italy Electric Utility Vehicle Market by Application
11.2.6.5. Rest of Europe Electric Utility Vehicle Market
11.2.6.5.1. Rest of Europe Electric Utility Vehicle Market by Vehicle Type
11.2.6.5.2. Rest of Europe Electric Utility Vehicle Market by Battery Type
11.2.6.5.3. Rest of Europe Electric Utility Vehicle Market by Seating Capacity
11.2.6.5.4. Rest of Europe Electric Utility Vehicle Market by Drive Type
11.2.6.5.5. Rest of Europe Electric Utility Vehicle Market by Application
11.3. Asia Pacific
11.3.1. Asia Pacific Electric Utility Vehicle Market by Vehicle Type
11.3.2. Asia Pacific Electric Utility Vehicle Market by Battery Type
11.3.3. Asia Pacific Electric Utility Vehicle Market by Seating Capacity
11.3.4. Asia Pacific Electric Utility Vehicle Market by Drive Type
11.3.5. Asia Pacific Electric Utility Vehicle Market by Application
11.3.6. Asia Pacific Electric Utility Vehicle Market by Country
11.3.6.1. China Electric Utility Vehicle Market
11.3.6.1.1. China Electric Utility Vehicle Market by Vehicle Type
11.3.6.1.2. China Electric Utility Vehicle Market by Battery Type
11.3.6.1.3. China Electric Utility Vehicle Market by Seating Capacity
11.3.6.1.4. China Electric Utility Vehicle Market by Drive Type
11.3.6.1.5. China Electric Utility Vehicle Market by Application
11.3.6.2. Japan Electric Utility Vehicle Market
11.3.6.2.1. Japan Electric Utility Vehicle Market by Vehicle Type
11.3.6.2.2. Japan Electric Utility Vehicle Market by Battery Type
11.3.6.2.3. Japan Electric Utility Vehicle Market by Seating Capacity
11.3.6.2.4. Japan Electric Utility Vehicle Market by Drive Type
11.3.6.2.5. Japan Electric Utility Vehicle Market by Application
11.3.6.3. India Electric Utility Vehicle Market
11.3.6.3.1. India Electric Utility Vehicle Market by Vehicle Type
11.3.6.3.2. India Electric Utility Vehicle Market by Battery Type
11.3.6.3.3. India Electric Utility Vehicle Market by Seating Capacity
11.3.6.3.4. India Electric Utility Vehicle Market by Drive Type
11.3.6.3.5. India Electric Utility Vehicle Market by Application
11.3.6.4. South Korea Electric Utility Vehicle Market
11.3.6.4.1. South Korea Electric Utility Vehicle Market by Vehicle Type
11.3.6.4.2. South Korea Electric Utility Vehicle Market by Battery Type
11.3.6.4.3. South Korea Electric Utility Vehicle Market by Seating Capacity
11.3.6.4.4. South Korea Electric Utility Vehicle Market by Drive Type
11.3.6.4.5. South Korea Electric Utility Vehicle Market by Application
11.3.6.5. Australia Electric Utility Vehicle Market
11.3.6.5.1. Australia Electric Utility Vehicle Market by Vehicle Type
11.3.6.5.2. Australia Electric Utility Vehicle Market by Battery Type
11.3.6.5.3. Australia Electric Utility Vehicle Market by Seating Capacity
11.3.6.5.4. Australia Electric Utility Vehicle Market by Drive Type
11.3.6.5.5. Australia Electric Utility Vehicle Market by Application
11.3.6.6. Rest of Asia-Pacific Electric Utility Vehicle Market
11.3.6.6.1. Rest of Asia-Pacific Electric Utility Vehicle Market by Vehicle Type
11.3.6.6.2. Rest of Asia-Pacific Electric Utility Vehicle Market by Battery Type
11.3.6.6.3. Rest of Asia-Pacific Electric Utility Vehicle Market by Seating Capacity
11.3.6.6.4. Rest of Asia-Pacific Electric Utility Vehicle Market by Drive Type
11.3.6.6.5. Rest of Asia-Pacific Electric Utility Vehicle Market by Application
11.4. RoW
11.4.1. RoW Electric Utility Vehicle Market by Vehicle Type
11.4.2. RoW Electric Utility Vehicle Market by Battery Type
11.4.3. RoW Electric Utility Vehicle Market by Seating Capacity
11.4.4. RoW Electric Utility Vehicle Market by Drive Type
11.4.5. RoW Electric Utility Vehicle Market by Application
11.4.6. RoW Electric Utility Vehicle Market by Sub-region
11.4.6.1. Latin America Electric Utility Vehicle Market
11.4.6.1.1. Latin America Electric Utility Vehicle Market by Vehicle Type
11.4.6.1.2. Latin America Electric Utility Vehicle Market by Battery Type
11.4.6.1.3. Latin America Electric Utility Vehicle Market by Seating Capacity
11.4.6.1.4. Latin America Electric Utility Vehicle Market by Drive Type
11.4.6.1.5. Latin America Electric Utility Vehicle Market by Application
11.4.6.2. Middle East Electric Utility Vehicle Market
11.4.6.2.1. Middle East Electric Utility Vehicle Market by Vehicle Type
11.4.6.2.2. Middle East Electric Utility Vehicle Market by Battery Type
11.4.6.2.3. Middle East Electric Utility Vehicle Market by Seating Capacity
11.4.6.2.4. Middle East Electric Utility Vehicle Market by Drive Type
11.4.6.2.5. Middle East Electric Utility Vehicle Market by Application
11.4.6.3. Africa Electric Utility Vehicle Market
11.4.6.3.1. Africa Electric Utility Vehicle Market by Vehicle Type
11.4.6.3.2. Africa Electric Utility Vehicle Market by Battery Type
11.4.6.3.3. Africa Electric Utility Vehicle Market by Seating Capacity
11.4.6.3.4. Africa Electric Utility Vehicle Market by Drive Type
11.4.6.3.5. Africa Electric Utility Vehicle Market by Application

Companies Mentioned

  • Addax Motors
  • Alke
  • American Landmaster
  • Columbia Vehicle Group Inc.
  • HISUN
  • Marshell Green Power
  • Polaris Inc.
  • Star EV Corporation
  • Textron Specialized Vehicles Inc.
  • CLUB CAR

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