Motorized Quadricycles Market 2022
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.
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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.
- Aixam-Mega
- Greek
- Renault group
- Bajaj Auto. Ltd.
- Ligier Automotive
- Club Car, LLC.
- TECNO MECCANICA IMOLA SPA (Tazzari Group)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Global Motorized Quadricycle Market: Dynamics
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.
Global Motorized Quadricycle Market: Segmentation
By product type
- Light Quadricycles
- Heavy Quadricycles
By mode of operation
- Electric Quadricycles
- Fuel Operated Quadricycles
By price range
- Economic
- Mid-range
- Premium
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Global Motorized Quadricycle Market: Region-wise Outlook
Presently, Europe leads the demand for motorized quadricycles in the global market, and the region is expected to remain predominant in the motorized quadricycle market over the forecast period. Flexible regulations in the region are expected to be the major driver for market growth and thus, increased adoption of quadricycles is expected over the forecast period.
After Europe, North America and Latin America are anticipated to be major upcoming markets for motorized quadricycles. However, slow adoption rate is expected in some countries of these regions. The Asia Pacific motorized quadricycle market possesses significant growth opportunity owing to robust economic growth and increasing vehicle ownership per capita.
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