The global Micro EVs market size was valued at US$ 9448 million in 2024 and is forecast to a readjusted size of USD 14010 million by 2031 with a CAGR of 5.9% during review period.
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.
China is the largest region of Micro EVs, with a market share about 70%. Textron, Yamaha and Polaris are the major manufacturers of industry.
This report is a detailed and comprehensive analysis for global Micro EVs market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Micro EVs market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Micro EVs market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Micro EVs market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Micro EVs market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Micro EVs
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Micro EVs market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Yogomo, Shifeng, Textron, Dojo, Byvin, Polaris, Lichi, Baoya, Tangjun, Yamaha, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Micro EVs market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
Lead-acid Battery EVs
Lithium-ion Battery EVs
麻豆原创 segment by Application
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
Major players covered
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
麻豆原创 segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Micro EVs product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Micro EVs, with price, sales quantity, revenue, and global market share of Micro EVs from 2020 to 2025.
Chapter 3, the Micro EVs competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Micro EVs breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Micro EVs market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Micro EVs.
Chapter 14 and 15, to describe Micro EVs sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Micro EVs Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Lead-acid Battery EVs
1.3.3 Lithium-ion Battery EVs
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Micro EVs Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Personal Use
1.4.3 Commercial Use (Sightseeing, Golf etc.)
1.4.4 Public Utilities
1.5 Global Micro EVs 麻豆原创 Size & Forecast
1.5.1 Global Micro EVs Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Micro EVs Sales Quantity (2020-2031)
1.5.3 Global Micro EVs Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Yogomo
2.1.1 Yogomo Details
2.1.2 Yogomo Major Business
2.1.3 Yogomo Micro EVs Product and Services
2.1.4 Yogomo Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 Yogomo Recent Developments/Updates
2.2 Shifeng
2.2.1 Shifeng Details
2.2.2 Shifeng Major Business
2.2.3 Shifeng Micro EVs Product and Services
2.2.4 Shifeng Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 Shifeng Recent Developments/Updates
2.3 Textron
2.3.1 Textron Details
2.3.2 Textron Major Business
2.3.3 Textron Micro EVs Product and Services
2.3.4 Textron Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 Textron Recent Developments/Updates
2.4 Dojo
2.4.1 Dojo Details
2.4.2 Dojo Major Business
2.4.3 Dojo Micro EVs Product and Services
2.4.4 Dojo Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 Dojo Recent Developments/Updates
2.5 Byvin
2.5.1 Byvin Details
2.5.2 Byvin Major Business
2.5.3 Byvin Micro EVs Product and Services
2.5.4 Byvin Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 Byvin Recent Developments/Updates
2.6 Polaris
2.6.1 Polaris Details
2.6.2 Polaris Major Business
2.6.3 Polaris Micro EVs Product and Services
2.6.4 Polaris Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 Polaris Recent Developments/Updates
2.7 Lichi
2.7.1 Lichi Details
2.7.2 Lichi Major Business
2.7.3 Lichi Micro EVs Product and Services
2.7.4 Lichi Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Lichi Recent Developments/Updates
2.8 Baoya
2.8.1 Baoya Details
2.8.2 Baoya Major Business
2.8.3 Baoya Micro EVs Product and Services
2.8.4 Baoya Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Baoya Recent Developments/Updates
2.9 Tangjun
2.9.1 Tangjun Details
2.9.2 Tangjun Major Business
2.9.3 Tangjun Micro EVs Product and Services
2.9.4 Tangjun Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Tangjun Recent Developments/Updates
2.10 Yamaha
2.10.1 Yamaha Details
2.10.2 Yamaha Major Business
2.10.3 Yamaha Micro EVs Product and Services
2.10.4 Yamaha Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Yamaha Recent Developments/Updates
2.11 Fulu
2.11.1 Fulu Details
2.11.2 Fulu Major Business
2.11.3 Fulu Micro EVs Product and Services
2.11.4 Fulu Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 Fulu Recent Developments/Updates
2.12 Xinyuzhou
2.12.1 Xinyuzhou Details
2.12.2 Xinyuzhou Major Business
2.12.3 Xinyuzhou Micro EVs Product and Services
2.12.4 Xinyuzhou Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Xinyuzhou Recent Developments/Updates
2.13 GreenWheel EV
2.13.1 GreenWheel EV Details
2.13.2 GreenWheel EV Major Business
2.13.3 GreenWheel EV Micro EVs Product and Services
2.13.4 GreenWheel EV Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.13.5 GreenWheel EV Recent Developments/Updates
2.14 Incalu
2.14.1 Incalu Details
2.14.2 Incalu Major Business
2.14.3 Incalu Micro EVs Product and Services
2.14.4 Incalu Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.14.5 Incalu Recent Developments/Updates
2.15 Kandi
2.15.1 Kandi Details
2.15.2 Kandi Major Business
2.15.3 Kandi Micro EVs Product and Services
2.15.4 Kandi Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.15.5 Kandi Recent Developments/Updates
2.16 Renault
2.16.1 Renault Details
2.16.2 Renault Major Business
2.16.3 Renault Micro EVs Product and Services
2.16.4 Renault Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.16.5 Renault Recent Developments/Updates
2.17 APACHE
2.17.1 APACHE Details
2.17.2 APACHE Major Business
2.17.3 APACHE Micro EVs Product and Services
2.17.4 APACHE Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.17.5 APACHE Recent Developments/Updates
2.18 Garia
2.18.1 Garia Details
2.18.2 Garia Major Business
2.18.3 Garia Micro EVs Product and Services
2.18.4 Garia Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.18.5 Garia Recent Developments/Updates
2.19 Zheren
2.19.1 Zheren Details
2.19.2 Zheren Major Business
2.19.3 Zheren Micro EVs Product and Services
2.19.4 Zheren Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.19.5 Zheren Recent Developments/Updates
2.20 Ingersoll Rand
2.20.1 Ingersoll Rand Details
2.20.2 Ingersoll Rand Major Business
2.20.3 Ingersoll Rand Micro EVs Product and Services
2.20.4 Ingersoll Rand Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.20.5 Ingersoll Rand Recent Developments/Updates
2.21 CitEcar Electric Vehicles
2.21.1 CitEcar Electric Vehicles Details
2.21.2 CitEcar Electric Vehicles Major Business
2.21.3 CitEcar Electric Vehicles Micro EVs Product and Services
2.21.4 CitEcar Electric Vehicles Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.21.5 CitEcar Electric Vehicles Recent Developments/Updates
2.22 Eagle
2.22.1 Eagle Details
2.22.2 Eagle Major Business
2.22.3 Eagle Micro EVs Product and Services
2.22.4 Eagle Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.22.5 Eagle Recent Developments/Updates
2.23 Taiqi
2.23.1 Taiqi Details
2.23.2 Taiqi Major Business
2.23.3 Taiqi Micro EVs Product and Services
2.23.4 Taiqi Micro EVs Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.23.5 Taiqi Recent Developments/Updates
3 Competitive Environment: Micro EVs by Manufacturer
3.1 Global Micro EVs Sales Quantity by Manufacturer (2020-2025)
3.2 Global Micro EVs Revenue by Manufacturer (2020-2025)
3.3 Global Micro EVs Average Price by Manufacturer (2020-2025)
3.4 麻豆原创 Share Analysis (2024)
3.4.1 Producer Shipments of Micro EVs by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2024
3.4.2 Top 3 Micro EVs Manufacturer 麻豆原创 Share in 2024
3.4.3 Top 6 Micro EVs Manufacturer 麻豆原创 Share in 2024
3.5 Micro EVs 麻豆原创: Overall Company Footprint Analysis
3.5.1 Micro EVs 麻豆原创: Region Footprint
3.5.2 Micro EVs 麻豆原创: Company Product Type Footprint
3.5.3 Micro EVs 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Micro EVs 麻豆原创 Size by Region
4.1.1 Global Micro EVs Sales Quantity by Region (2020-2031)
4.1.2 Global Micro EVs Consumption Value by Region (2020-2031)
4.1.3 Global Micro EVs Average Price by Region (2020-2031)
4.2 North America Micro EVs Consumption Value (2020-2031)
4.3 Europe Micro EVs Consumption Value (2020-2031)
4.4 Asia-Pacific Micro EVs Consumption Value (2020-2031)
4.5 South America Micro EVs Consumption Value (2020-2031)
4.6 Middle East & Africa Micro EVs Consumption Value (2020-2031)
5 麻豆原创 Segment by Type
5.1 Global Micro EVs Sales Quantity by Type (2020-2031)
5.2 Global Micro EVs Consumption Value by Type (2020-2031)
5.3 Global Micro EVs Average Price by Type (2020-2031)
6 麻豆原创 Segment by Application
6.1 Global Micro EVs Sales Quantity by Application (2020-2031)
6.2 Global Micro EVs Consumption Value by Application (2020-2031)
6.3 Global Micro EVs Average Price by Application (2020-2031)
7 North America
7.1 North America Micro EVs Sales Quantity by Type (2020-2031)
7.2 North America Micro EVs Sales Quantity by Application (2020-2031)
7.3 North America Micro EVs 麻豆原创 Size by Country
7.3.1 North America Micro EVs Sales Quantity by Country (2020-2031)
7.3.2 North America Micro EVs Consumption Value by Country (2020-2031)
7.3.3 United States 麻豆原创 Size and Forecast (2020-2031)
7.3.4 Canada 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Mexico 麻豆原创 Size and Forecast (2020-2031)
8 Europe
8.1 Europe Micro EVs Sales Quantity by Type (2020-2031)
8.2 Europe Micro EVs Sales Quantity by Application (2020-2031)
8.3 Europe Micro EVs 麻豆原创 Size by Country
8.3.1 Europe Micro EVs Sales Quantity by Country (2020-2031)
8.3.2 Europe Micro EVs Consumption Value by Country (2020-2031)
8.3.3 Germany 麻豆原创 Size and Forecast (2020-2031)
8.3.4 France 麻豆原创 Size and Forecast (2020-2031)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Russia 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Italy 麻豆原创 Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Micro EVs Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Micro EVs Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Micro EVs 麻豆原创 Size by Region
9.3.1 Asia-Pacific Micro EVs Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Micro EVs Consumption Value by Region (2020-2031)
9.3.3 China 麻豆原创 Size and Forecast (2020-2031)
9.3.4 Japan 麻豆原创 Size and Forecast (2020-2031)
9.3.5 South Korea 麻豆原创 Size and Forecast (2020-2031)
9.3.6 India 麻豆原创 Size and Forecast (2020-2031)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2020-2031)
9.3.8 Australia 麻豆原创 Size and Forecast (2020-2031)
10 South America
10.1 South America Micro EVs Sales Quantity by Type (2020-2031)
10.2 South America Micro EVs Sales Quantity by Application (2020-2031)
10.3 South America Micro EVs 麻豆原创 Size by Country
10.3.1 South America Micro EVs Sales Quantity by Country (2020-2031)
10.3.2 South America Micro EVs Consumption Value by Country (2020-2031)
10.3.3 Brazil 麻豆原创 Size and Forecast (2020-2031)
10.3.4 Argentina 麻豆原创 Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Micro EVs Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Micro EVs Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Micro EVs 麻豆原创 Size by Country
11.3.1 Middle East & Africa Micro EVs Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Micro EVs Consumption Value by Country (2020-2031)
11.3.3 Turkey 麻豆原创 Size and Forecast (2020-2031)
11.3.4 Egypt 麻豆原创 Size and Forecast (2020-2031)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2020-2031)
11.3.6 South Africa 麻豆原创 Size and Forecast (2020-2031)
12 麻豆原创 Dynamics
12.1 Micro EVs 麻豆原创 Drivers
12.2 Micro EVs 麻豆原创 Restraints
12.3 Micro EVs Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Micro EVs and Key Manufacturers
13.2 Manufacturing Costs Percentage of Micro EVs
13.3 Micro EVs Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Micro EVs Typical Distributors
14.3 Micro EVs Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 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
听
听
*If Applicable.