Summary

Electric Utility Vehicles Market Size, Share, and Analysis, By Vehicle Type (Multi Utility Vehicle, Utility Terrain Vehicle, Sports Utility Vehicle, and Others), By Battery Type (Lead-acid, Lithium-ion, and Others), By Drive Type (AWD, 4WD, and 2WD), By Application (Industrial, Commercial Transport, Sports, Agricultural, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Electric Utility Vehicles Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 17.2 billion and is projected to reach USD 41.3 billion by the completion of 2034.
Electric utility vehicles, or EUVs, are electric-powered vehicles that are primarily used in the commercial and industrial sectors. Unlike gasoline-powered vehicles, EUVs have no exhaust emissions, produce less noise, and have lower operating costs as electricity is less expensive. These vehicles usually contain cargo beds and an enclosed passenger seat, which combine comfort and utility. These cars are used for several purposes, from construction and distribution by business fleets to outdoor activities by active families. Besides, utility features that allow workers to carry tools and materials are also beneficial. Thus, a selection of EUV models with various battery ranges is available for a variety of travel needs.

MARKET HIGHLIGHTS
Electric utility vehicles (EUV) market is expected to reach USD 41.3 billion in the forecast period. The growing environmental concerns and the push for green technologies are increasing the demand for zero-emission vehicles. Moreover, government incentives and favorable policies are encouraging manufacturers and consumers to actively adopt EUVs. The growing popularity of custom-made utility vehicles that are tailored for specific purposes is propelling growth in the industry. Furthermore, partnerships between car makers and tech companies to improve vehicle connectivity and self-driving features are expected to create new opportunities for innovation in the electric utility vehicle market. Besides, the growing customer demand for sustainable and eco-friendly transportation choices is also propelling the industry.

Electric Utility Vehicles Market Segments:

• By Vehicle Type
o Multi Utility Vehicle
o Utility Terrain Vehicle
o Sports Utility Vehicle
o Others
• By Battery Type
o Lead-acid
o Lithium-ion
o Others
• By Drive Type
o AWD
o 4WD
o 2WD
• By Application
o Industrial
o Commercial Transport
o Sports
o Agricultural
o Others


MARKET DYNAMICS
Growth Drivers
High Demand for Sustainable Transport Solutions is Critical to Boost the Adoption of Electric Utility Vehicles
Advancements in Battery Technology Will Aid the Market
Restraint
Lack of Charging Infrastructure Can Limit the Growth of the Electric Utility Vehicles Market

Key Players
• Tesla, Inc.
• Mahindra Electric Mobility Limited
• Piaggio & C. SpA
• Ford Motor Company
• Xinyuzhou Electric Vehicle Co., Ltd.
• General Motors Company
• Daimler AG
• Polaris Inc.
• Nissan Motor Corporation
• AB Volvo
• Rivian Automotive, Inc.
• BYD Company Limited
• Toyota Motor Corporation
• Columbia Vehicle Group Inc.
• Alke' S.r.l.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

ページTOPに戻る

Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Electric Utility Vehicles Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Electric Utility Vehicles Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Electric Utility Vehicles Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Electric Utility Vehicles Market
10.1.Overview
10.2. Historical Analysis (2018-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Electric Utility Vehicles Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Vehicle Type
11.3.1.1. Multi Utility Vehicle
11.3.1.1.1. By Value (USD Million) 2024A-2034F
11.3.1.1.2.Market Share (%) 2024A-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.1.2.Utility Terrain Vehicle
11.3.1.2.1.By Value (USD Million) 2024A-2034F
11.3.1.2.2. Market Share (%) 2024A-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.1.3.Sports Utility Vehicle
11.3.1.3.1.By Value (USD Million) 2024A-2034F
11.3.1.3.2. Market Share (%) 2024A-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.1.4.Others
11.3.1.4.1.By Value (USD Million) 2024A-2034F
11.3.1.4.2. Market Share (%) 2024A-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2. By Battery Type
11.3.2.1.Lead-acid
11.3.2.1.1.By Value (USD Million) 2024A-2034F
11.3.2.1.2. Market Share (%) 2024A-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.2. Lithium-ion
11.3.2.2.1. By Value (USD Million) 2024A-2034F
11.3.2.2.2.Market Share (%) 2024A-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2.3. Others
11.3.2.3.1. By Value (USD Million) 2024A-2034F
11.3.2.3.2.Market Share (%) 2024A-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3. By Drive Type
11.3.3.1.AWD
11.3.3.1.1.By Value (USD Million) 2024A-2034F
11.3.3.1.2. Market Share (%) 2024A-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.2. 4WD
11.3.3.2.1. By Value (USD Million) 2024A-2034F
11.3.3.2.2.Market Share (%) 2024A-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3.3. 2WD
11.3.3.3.1. By Value (USD Million) 2024A-2034F
11.3.3.3.2.Market Share (%) 2024A-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024A-2034F
11.3.4. By Application
11.3.4.1.Industrial
11.3.4.1.1.By Value (USD Million) 2024A-2034F
11.3.4.1.2. Market Share (%) 2024A-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.2. Commercial Transport
11.3.4.2.1. By Value (USD Million) 2024A-2034F
11.3.4.2.2.Market Share (%) 2024A-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.3. Sports
11.3.4.3.1. By Value (USD Million) 2024A-2034F
11.3.4.3.2. Market Share (%) 2024A-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.4. Agricultural
11.3.4.4.1.By Value (USD Million) 2024A-2034F
11.3.4.4.2. Market Share (%) 2024A-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.5. Others
11.3.4.5.1.By Value (USD Million) 2024A-2034F
11.3.4.5.2. Market Share (%) 2024A-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024A-2034F
12. North America Electric Utility Vehicles Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Vehicle Type
12.3.2.By Battery Type
12.3.3.By Drive Type
12.3.4.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Electric Utility Vehicles Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Vehicle Type
13.3.2.By Battery Type
13.3.3.By Drive Type
13.3.4.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Electric Utility Vehicles Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Vehicle Type
14.3.2.By Battery Type
14.3.3.By Drive Type
14.3.4. By Application
14.4.Country
14.4.1.India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Electric Utility Vehicles Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Vehicle Type
15.3.2.By Battery Type
15.3.3.By Drive Type
15.3.4.By Application
15.4. Country
15.4.1.Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Electric Utility Vehicles Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Vehicle Type
16.3.2.By Battery Type
16.3.3.By Drive Type
16.3.4.By Application
16.4. Country
16.4.1.Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Tesla, Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.2.Mahindra Electric Mobility Limited
18.3.Piaggio & C. SpA
18.4. Ford Motor Company
18.5.Xinyuzhou Electric Vehicle Co., Ltd.
18.6.General Motors Company
18.7.Daimler AG,
18.8. Polaris Inc.
18.9.Nissan Motor Corporation
18.10.AB Volvo
18.11. Rivian Automotive, Inc.
18.12. BYD Company Limited
18.13. Toyota Motor Corporation
18.14.Columbia Vehicle Group Inc.
18.15. Alke' S.r.l.
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation