According to TechSci Research report, “Global Small Electric Vehicle Market By
Vehicle Type, By Technology Type, By Battery Type, By Region, Competition Forecast &
Opportunities, 2016 – 2022”, the global small electric vehicle market is
projected to grow at a CAGR of 23% during 2017 - 2022. Growth in the market is
anticipated on account of favorable government policies and attractive
incentives for promoting the use of environment friendly vehicles amid growing
air pollution levels. Moreover, expanding research & development efforts by
various companies to launch technologically advanced vehicles, increasing
affordability of electric vehicles, and expanding middle class population are
expected to propel demand for small electric vehicles, globally, in the coming
years.
Browse 123 Figures spread through 199 Pages and an in-depth TOC on "Global Small
Electric Vehicle Market"
In 2016, Asia-Pacific accounted for the leading
share in small electric vehicle market, backed by huge population base, growing
sales of electric automobiles and rapid expansion in automobile production in
the region. Additionally, with increasing technological and infrastructure
developments in developing countries such as India, China, etc., demand for
more sophisticated transportation means is growing, which is anticipated to
positively influence the small electric vehicle market in these countries over
the course of next five years.
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“Owing to growing interest of consumers in small
electric vehicles, several manufacturers are making huge investments and are
coming up with advanced feature-rich vehicles in the anticipation of lucrative
returns. Moreover, increasing penetration of small electric vehicles in
developing economies, rising pollution levels, etc., are expected to thrive
global small electric vehicle market through 2022.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm. Some
of the leading global small electric vehicle players include Nissan, BMW AG,
Toyota Motor Corporation, Ford Motor Company, Zhengzhou Yutong Bus Co. Ltd.,
Audi AG, Hyundai Motor Company, BYD Company Limited, and Renault, among others.
“Global Small Electric Vehicle Market By
Vehicle Type, By Technology Type, By Battery Type, By Region, Competition Forecast & Opportunities, 2016 – 2022” has analyzed the potential of small electric vehicle market across the
globe, and provides statistics and information on market size, shares and
trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the industry.
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