The global Micro EVs market size is predicted to grow from US$ 9467 million in 2025 to US$ 13600 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.
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.
The 鈥淢icro EVs Industry Forecast鈥 looks at past sales and reviews total world Micro EVs sales in 2024, providing a comprehensive analysis by region and market sector of projected Micro EVs sales for 2025 through 2031. With Micro EVs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro EVs industry.
This Insight Report provides a comprehensive analysis of the global Micro EVs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Micro EVs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥 unique position in an accelerating global Micro EVs market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro EVs and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Micro EVs.
This report presents a comprehensive overview, market shares, and growth opportunities of Micro EVs market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Lead-acid Battery EVs
Lithium-ion Battery EVs
Segmentation by Application:
Personal Use
Commercial Use (Sightseeing, Golf etc.)
Public Utilities
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Micro EVs market?
What factors are driving Micro EVs market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Micro EVs market opportunities vary by end market size?
How does Micro EVs break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Micro EVs Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Micro EVs by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Micro EVs by Country/Region, 2020, 2024 & 2031
2.2 Micro EVs Segment by Type
2.2.1 Lead-acid Battery EVs
2.2.2 Lithium-ion Battery EVs
2.3 Micro EVs Sales by Type
2.3.1 Global Micro EVs Sales 麻豆原创 Share by Type (2020-2025)
2.3.2 Global Micro EVs Revenue and 麻豆原创 Share by Type (2020-2025)
2.3.3 Global Micro EVs Sale Price by Type (2020-2025)
2.4 Micro EVs Segment by Application
2.4.1 Personal Use
2.4.2 Commercial Use (Sightseeing, Golf etc.)
2.4.3 Public Utilities
2.5 Micro EVs Sales by Application
2.5.1 Global Micro EVs Sale 麻豆原创 Share by Application (2020-2025)
2.5.2 Global Micro EVs Revenue and 麻豆原创 Share by Application (2020-2025)
2.5.3 Global Micro EVs Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Micro EVs Breakdown Data by Company
3.1.1 Global Micro EVs Annual Sales by Company (2020-2025)
3.1.2 Global Micro EVs Sales 麻豆原创 Share by Company (2020-2025)
3.2 Global Micro EVs Annual Revenue by Company (2020-2025)
3.2.1 Global Micro EVs Revenue by Company (2020-2025)
3.2.2 Global Micro EVs Revenue 麻豆原创 Share by Company (2020-2025)
3.3 Global Micro EVs Sale Price by Company
3.4 Key Manufacturers Micro EVs Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Micro EVs Product Location Distribution
3.4.2 Players Micro EVs Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 麻豆原创 M&A Activity & Strategy
4 World Historic Review for Micro EVs by Geographic Region
4.1 World Historic Micro EVs 麻豆原创 Size by Geographic Region (2020-2025)
4.1.1 Global Micro EVs Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Micro EVs Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Micro EVs 麻豆原创 Size by Country/Region (2020-2025)
4.2.1 Global Micro EVs Annual Sales by Country/Region (2020-2025)
4.2.2 Global Micro EVs Annual Revenue by Country/Region (2020-2025)
4.3 Americas Micro EVs Sales Growth
4.4 APAC Micro EVs Sales Growth
4.5 Europe Micro EVs Sales Growth
4.6 Middle East & Africa Micro EVs Sales Growth
5 Americas
5.1 Americas Micro EVs Sales by Country
5.1.1 Americas Micro EVs Sales by Country (2020-2025)
5.1.2 Americas Micro EVs Revenue by Country (2020-2025)
5.2 Americas Micro EVs Sales by Type (2020-2025)
5.3 Americas Micro EVs Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Micro EVs Sales by Region
6.1.1 APAC Micro EVs Sales by Region (2020-2025)
6.1.2 APAC Micro EVs Revenue by Region (2020-2025)
6.2 APAC Micro EVs Sales by Type (2020-2025)
6.3 APAC Micro EVs Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Micro EVs by Country
7.1.1 Europe Micro EVs Sales by Country (2020-2025)
7.1.2 Europe Micro EVs Revenue by Country (2020-2025)
7.2 Europe Micro EVs Sales by Type (2020-2025)
7.3 Europe Micro EVs Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Micro EVs by Country
8.1.1 Middle East & Africa Micro EVs Sales by Country (2020-2025)
8.1.2 Middle East & Africa Micro EVs Revenue by Country (2020-2025)
8.2 Middle East & Africa Micro EVs Sales by Type (2020-2025)
8.3 Middle East & Africa Micro EVs Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Micro EVs
10.3 Manufacturing Process Analysis of Micro EVs
10.4 Industry Chain Structure of Micro EVs
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Micro EVs Distributors
11.3 Micro EVs Customer
12 World Forecast Review for Micro EVs by Geographic Region
12.1 Global Micro EVs 麻豆原创 Size Forecast by Region
12.1.1 Global Micro EVs Forecast by Region (2026-2031)
12.1.2 Global Micro EVs Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Micro EVs Forecast by Type (2026-2031)
12.7 Global Micro EVs Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Yogomo
13.1.1 Yogomo Company Information
13.1.2 Yogomo Micro EVs Product Portfolios and Specifications
13.1.3 Yogomo Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Yogomo Main Business Overview
13.1.5 Yogomo Latest Developments
13.2 Shifeng
13.2.1 Shifeng Company Information
13.2.2 Shifeng Micro EVs Product Portfolios and Specifications
13.2.3 Shifeng Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Shifeng Main Business Overview
13.2.5 Shifeng Latest Developments
13.3 Textron
13.3.1 Textron Company Information
13.3.2 Textron Micro EVs Product Portfolios and Specifications
13.3.3 Textron Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Textron Main Business Overview
13.3.5 Textron Latest Developments
13.4 Dojo
13.4.1 Dojo Company Information
13.4.2 Dojo Micro EVs Product Portfolios and Specifications
13.4.3 Dojo Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Dojo Main Business Overview
13.4.5 Dojo Latest Developments
13.5 Byvin
13.5.1 Byvin Company Information
13.5.2 Byvin Micro EVs Product Portfolios and Specifications
13.5.3 Byvin Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Byvin Main Business Overview
13.5.5 Byvin Latest Developments
13.6 Polaris
13.6.1 Polaris Company Information
13.6.2 Polaris Micro EVs Product Portfolios and Specifications
13.6.3 Polaris Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Polaris Main Business Overview
13.6.5 Polaris Latest Developments
13.7 Lichi
13.7.1 Lichi Company Information
13.7.2 Lichi Micro EVs Product Portfolios and Specifications
13.7.3 Lichi Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Lichi Main Business Overview
13.7.5 Lichi Latest Developments
13.8 Baoya
13.8.1 Baoya Company Information
13.8.2 Baoya Micro EVs Product Portfolios and Specifications
13.8.3 Baoya Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Baoya Main Business Overview
13.8.5 Baoya Latest Developments
13.9 Tangjun
13.9.1 Tangjun Company Information
13.9.2 Tangjun Micro EVs Product Portfolios and Specifications
13.9.3 Tangjun Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Tangjun Main Business Overview
13.9.5 Tangjun Latest Developments
13.10 Yamaha
13.10.1 Yamaha Company Information
13.10.2 Yamaha Micro EVs Product Portfolios and Specifications
13.10.3 Yamaha Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Yamaha Main Business Overview
13.10.5 Yamaha Latest Developments
13.11 Fulu
13.11.1 Fulu Company Information
13.11.2 Fulu Micro EVs Product Portfolios and Specifications
13.11.3 Fulu Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Fulu Main Business Overview
13.11.5 Fulu Latest Developments
13.12 Xinyuzhou
13.12.1 Xinyuzhou Company Information
13.12.2 Xinyuzhou Micro EVs Product Portfolios and Specifications
13.12.3 Xinyuzhou Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Xinyuzhou Main Business Overview
13.12.5 Xinyuzhou Latest Developments
13.13 GreenWheel EV
13.13.1 GreenWheel EV Company Information
13.13.2 GreenWheel EV Micro EVs Product Portfolios and Specifications
13.13.3 GreenWheel EV Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 GreenWheel EV Main Business Overview
13.13.5 GreenWheel EV Latest Developments
13.14 Incalu
13.14.1 Incalu Company Information
13.14.2 Incalu Micro EVs Product Portfolios and Specifications
13.14.3 Incalu Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Incalu Main Business Overview
13.14.5 Incalu Latest Developments
13.15 Kandi
13.15.1 Kandi Company Information
13.15.2 Kandi Micro EVs Product Portfolios and Specifications
13.15.3 Kandi Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Kandi Main Business Overview
13.15.5 Kandi Latest Developments
13.16 Renault
13.16.1 Renault Company Information
13.16.2 Renault Micro EVs Product Portfolios and Specifications
13.16.3 Renault Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Renault Main Business Overview
13.16.5 Renault Latest Developments
13.17 APACHE
13.17.1 APACHE Company Information
13.17.2 APACHE Micro EVs Product Portfolios and Specifications
13.17.3 APACHE Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 APACHE Main Business Overview
13.17.5 APACHE Latest Developments
13.18 Garia
13.18.1 Garia Company Information
13.18.2 Garia Micro EVs Product Portfolios and Specifications
13.18.3 Garia Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Garia Main Business Overview
13.18.5 Garia Latest Developments
13.19 Zheren
13.19.1 Zheren Company Information
13.19.2 Zheren Micro EVs Product Portfolios and Specifications
13.19.3 Zheren Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Zheren Main Business Overview
13.19.5 Zheren Latest Developments
13.20 Ingersoll Rand
13.20.1 Ingersoll Rand Company Information
13.20.2 Ingersoll Rand Micro EVs Product Portfolios and Specifications
13.20.3 Ingersoll Rand Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 Ingersoll Rand Main Business Overview
13.20.5 Ingersoll Rand Latest Developments
13.21 CitEcar Electric Vehicles
13.21.1 CitEcar Electric Vehicles Company Information
13.21.2 CitEcar Electric Vehicles Micro EVs Product Portfolios and Specifications
13.21.3 CitEcar Electric Vehicles Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 CitEcar Electric Vehicles Main Business Overview
13.21.5 CitEcar Electric Vehicles Latest Developments
13.22 Eagle
13.22.1 Eagle Company Information
13.22.2 Eagle Micro EVs Product Portfolios and Specifications
13.22.3 Eagle Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Eagle Main Business Overview
13.22.5 Eagle Latest Developments
13.23 Taiqi
13.23.1 Taiqi Company Information
13.23.2 Taiqi Micro EVs Product Portfolios and Specifications
13.23.3 Taiqi Micro EVs Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Taiqi Main Business Overview
13.23.5 Taiqi Latest Developments
14 Research Findings and Conclusion
听
听
*If Applicable.