Motorized quadricycles are small and fuel-efficient vehicles used for local transportation in rural and urban areas. Motorized quadricycles have emerged as an alternative to small city cars and motorcycles. With a speed range of 45 – 100 kmph and weight of up to 400-500 kg, motorized quadricycles have become a popular means of internal transportation. Quadricycles are largely used in European countries.
They are exempt from stringent regulations and safety tests that are applicable for passenger cars; also, they are road-legal and may not require a full license to be driven. As per the directive 2002/24/EC & CE, quadricycles have been categorized into: light quadricycles (L6e) and heavy quadricycles (L7e). Light quadricycles are limited to a speed of 45 kmph, while heavy quadricycles are not speed limited and may have a speed of up to 100 kmph. Motorized quadricycles must meet environment regulations w.r.t emissions, however this isn’t a key concern for manufacturers as a major share of motorized quadricycles are electric; gas powered quadricycles hold a low market share. Despite some existing restraining factors, the motorized quadricycle market is expected to witness noteworthy year-on-year growth over the forecast period. It has been witnessed that elderly population accounts for a majority of the demand for motorized quadricycles owing to low cost, light weight and ease of handling of the vehicle. This trend is expected to exist throughout the forecast period.
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FACTS AT A GLANCE
Companies: Aixam-Mega,Grecav,Groupe Renault,Bajaj Auto. Ltd.,Ligier Automobiles,Club Car, LLC.,TECNO MECCANICA IMOLA SPA (Gruppo Tazzari)
Coverage: All major geographies and key segments
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Segments: Motorized Quadricycles Market Segmented By Light Quadricycles and Heavy Quadricycles product type with mode of operation such as Electric Quadricycles and Fuel Operated Quadricycles
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Low cost, ease of handling and lack of stringent regulations are some of the prominent factors driving the sale of motorized quadricycles. Quadricycles are many folds cheaper than city passenger cars and thus appeal to huge masses, particularly the elderly population who do not seek high power and high speed vehicles. Motorized quadricycles are easy to handle; these usually have a CVT transmission and require comparatively low maintenance as compared to other passenger cars.
Majority of motorized quadricycles are electric powered and thus, are environment friendly. Furthermore, the motorized quadricycle market lacks stringent regulations. Regulations for driving quadricycles vary from country to country. In some countries, no license is required to drive a quadricycle, while in some countries a valid driving license and a minimum age of 18 years are prerequisites.
The recent one-off tests conducted by Euro NCAP brought the quadricycle market to limelight. The frontal and side crash test conducted by the organization highlighted that quadricycles significantly lacked passenger safety even at a low speed of 50 kmph. The frontal and side impact tests highlighted the lack of minimum safety equipment in quadricycles.
This has created pressure on manufacturers to transform their vehicles and ensure a high level of safety during crash, while maintaining cost of the vehicle; as surge in prices would not be acceptable to customers. At the same time, this incident may also restrain customers from buying quadricycles due to the lack of safety.
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