The Global Electric Utility Vehicle Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.21% from 2018 to 2025. In 2017, the global market valuation was USD 370 million, and it is anticipated to be greater than USD xx.xx million by 2025. The market growth can be attributed by some of the trends such as growing automobile industry, high investment as well as new research and development, technological innovative, increasing production capacity and huge demand from emerging economies as well as developed economies such as Asia Pacific, North America, Europe and Other regions.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global electric utility vehicle market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric utility vehicle market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.   

Segment Analysis

By Type Battery Insights: On the basis of type, the worldwide electric utility vehicle market size is segmented on the basis of type into battery acid lead, gel lead, lithium and other types. In 2017 the lithium battery segment led the market and is projected to be fastest growing segment during the forecast period in terms of value due to increasing high innovation in Li-ion, new R&D and other battery technologies to boost the market in coming years. Each type is further described in detail in the report with value forecasts between 2018 and 2025 period.  

By Application Insights: Based on the application, the global electric utility vehicle market has been classified into Logistics & Delivery Industry, Public Sector, Agriculture and other end-user. The logistics and delivery sectors dominated the global market in 2017 and is projected to drive the demand for EUV on account of the increasing need for supply management and logistics with a clean and environment friendly transportation perspective. Each end-user is further described in detail in the report with value forecasts for aforementioned period.

Regional Analysis

The global electric utility vehicle market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017, The North America led the global market and is estimated to be fastest growing regional economy in the global market in terms of revenue and demand over the forecast period because of the increasing EUV demand form emerging economies such as China and India, technological advancements in the automobile industry and government support and regulation regarding EUV policies. Europe is the largest second market for EUV in the global market over the forecast years due to presence of well-established automobile manufactures key players, increasing demand, high income level, growing awareness regarding environment and new developments for smarter and cleaner delivery services in the region.    

Global Electric Utility Vehicle Market Size, Share Analysis, By Region 2017

Asia Pacific is anticipated to drive the regional as well as global market for electric utility vehicles during the forecast period in terms of demand owing to increasing tourism activities, huge investment in this region, new research and development activities, cleaner fuel vehicles and government support. Some of the emerging countries such as China, India, Japan, South Korea, Australia and other key countries will witness significant growth in the regional market in coming years. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global Electric Utility Vehicle Market Study Objective

1. To forecast the market size of electric utility vehicle market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of electric utility vehicle market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of electric utility vehicle market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of electric utility vehicle market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the electric utility vehicle market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Some of the major key players in the global market are Addax Motors, Alke, Club Car (Ingersoll Rand Inc.), EsagonoGastone (ESAGONO ENERGIA S.R.L), E-Z-GO (Textron Specialized Vehicles Inc.), Garia Utility, GoupilIndustrie, Inc., Guangdong Lvtong, Ligier Group, Marshell Green Power, Melex Ltd., Polaris Industries, Inc., and Star EV (JH Global Services, Inc.). In addition the some of the global manufacture doing huge investment for research and development which is resulted to advanced technologies.

Global Electric Utility Vehicle Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.