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Global Motorized Quadricycle Market Size, Share, Forecast: By Product: Light Quadricycle, Heavy Quadricycle; By Mode of Operation: Electric Quadricycles, Fuel-Operated Quadricycles, Others; By Application: Household, Commercial, Others; By Price: Economic, Mid-Range; By End-Use; Regional Analysis; Competitive Landscape; 2023-2028
Global Motorized Quadricycle Market Outlook
The global motorized quadricycle market size attained a value of approximately USD 18.8 billion in 2022. The market is further expected to grow at a CAGR of 6.60% between 2023 and 2028, reaching a value of USD 27.33 billion by 2028.
Key Trends in the Market
A motorized quadricycle refers to a self-propelled four-wheeled microcar that is compact and lightweight, particularly in comparison to conventional four-wheeled vehicles. This type of vehicle can be powered by electricity or fuel and be utilised for various household, industrial, and commercial purposes, especially for shorter distances.
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- The global motorized quadricycle market is being driven by the heightened deployment of motorized quadricycles across semi-urban and urban areas for transportation and leisure purposes, and rising awareness about motorized quadricycles, coupled with increasing disposable income.
- Rising demand for motorized quadricycle in the commercial and industrial sectors, to enhance business profitability, optimise the mobility of goods and workers, and to gain an economical edge, is the crucial market driving factor.
- Technological upgradations and innovative products developments are the major motorized quadricycle market trends, leading to development of all-terrain motorized quadricycles, hybrid motorized quadricycles, housekeeping motorized quadricycles, and motorized quadricycle with longer distance capacity, among others.
Market Analysis
Based on product type, the market is bifurcated into light quadricycle and heavy quadricycle. On the basis of mode of operation, the market is classified into electric quadricycles, and fuel-operated quadricycles, among others. By application, the market is segmented into household, and commercial, among others. Based on price, the market is divided into economic, mid-range, and premium. On the basis of end-use, the market is categorised into golf, leisure, and industrial, among others. The regional markets for motorized quadricycles are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global motorized quadricycle market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Groupe Renault
- Polaris Inc.
- Ligier Group
- Automobiles Chatenet
- Tazzari GL Imola SPA
- Others
Market Share by Product Type
Based on product type, the light quadricycle segment accounts for a significant share of the motorized quadricycle market. Light quadricycles are silent and more energy-efficient which are the critical advantages offered by these motorized quadricycles. They are commonly used in closed areas such as airports, railway stations, industrial units, shopping complexes, parks, and residential areas, among others, owing to their capability of traveling shorter distances quickly.
Light quadricycles are also suitable for urban home delivery services and transportation which is a crucial factor driving the segment’s growth. This can be attributed to the unique advantages offered by this vehicle type, such as optimised storage space, easy pick up of freight, easy get on and get off, reduced load on the worker, and improved productivity.
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Market Share by Region
At a regional level, the Asia Pacific occupies a healthy share of the motorized quadricycle market and is expected to witness heightened growth in the forecast period. The market is being driven by increasing traffic congestion across urban areas, favourable policies of governments in the region, rising prices of fuel, and increasing awareness among the masses. Meanwhile, North America is expected to offer lucrative opportunities to the market for motorized quadricycles, driven by the advanced automotive infrastructure across countries such as the United States. The widespread popularity of golf in North America is also augmenting the demand for motorized quadricycles in the region.
Competitive Landscape
Groupe Renault is a leading automobile manufacturer which produces and markets diverse automobiles ranging from cars to vans, with a product portfolio that includes electric quadricycles, which cater to urban transportation demands. The company was established in 1898 and is currently headquartered in Boulogne-Billancourt, France.
Polaris Inc. is a renowned automotive manufacturing company which produces motorcycles, snowmobiles, all-terrain vehicles, and a diverse range of electric vehicles. The company was founded in 1954 and is currently headquartered in Minnesota in the United States. Innovative products manufactured by the company include sporting quadricycles.
Ligier Group is a prominent automobile manufacturing company which was founded in 1968 and is currently headquartered in Abrest, France. This company is one of the largest suppliers of light quadricycles. The vehicles manufactured by Ligier Group cater to the transportation demands of professionals and the general public.
Other market players include Automobiles Chatenet, and Tazzari GL Imola SPA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Mode of Operation |
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| Breakup by Application |
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| Breakup by Price |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Motorized Quadricycle Market Analysis
8.1 Key Industry Highlights
8.2 Global Motorised Quadricycle Historical Market (2018-2022)
8.3 Global Motorized Quadricycle Market Forecast (2023-2028)
8.4 Global Motorized Quadricycle Market by Product
8.4.1 Light Quadricycle
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Heavy Quadricycle
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Motorized Quadricycle Market by Mode of Operation
8.5.1 Electric Quadricycles
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Fuel-Operated Quadricycles
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Motorized Quadricycle Market by Application
8.6.1 Household
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Motorized Quadricycle Market by Price
8.7.1 Economic
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Mid-Range
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Premium
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Motorized Quadricycle Market by End-Use
8.8.1 Golf
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Leisure
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Industrial
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Others
8.9 Global Motorized Quadricycle Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Motorized Quadricycle Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Motorized Quadricycle Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Motorized Quadricycle Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Motorized Quadricycle Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Motorized Quadricycle Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Groupe Renault
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Polaris Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ligier Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Automobiles Chatenet
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Tazzari GL Imola SPA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Motorized Quadricycle Market: Key Industry Highlights, 2018 and 2028
2. Global Motorised Quadricycle Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Motorized Quadricycle Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Motorised Quadricycle Historical Market: Breakup by Mode of Operation (USD Million), 2018-2022
5. Global Motorized Quadricycle Market Forecast: Breakup by Mode of Operation (USD Million), 2023-2028
6. Global Motorised Quadricycle Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Motorized Quadricycle Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Motorised Quadricycle Historical Market: Breakup by Price (USD Million), 2018-2022
9. Global Motorized Quadricycle Market Forecast: Breakup by Price (USD Million), 2023-2028
10. Global Motorised Quadricycle Historical Market: Breakup by End-Use (USD Million), 2018-2022
11. Global Motorized Quadricycle Market Forecast: Breakup by End-Use (USD Million), 2023-2028
12. Global Motorised Quadricycle Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Motorized Quadricycle Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Motorised Quadricycle Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Motorized Quadricycle Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Motorised Quadricycle Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Motorized Quadricycle Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Motorised Quadricycle Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Motorized Quadricycle Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Motorised Quadricycle Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Motorized Quadricycle Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Motorised Quadricycle Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Motorized Quadricycle Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Global Motorized Quadricycle Market Structure
Key Questions Answered in the Report
The market reached a value of USD 18.8 billion in 2022.
The market is projected to grow at a CAGR of 6.60% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of USD 27.33 billion by 2028.
The heightened deployment of motorized quadricycles across semi-urban and urban areas for transportation and leisure purposes, rising demand for motorized quadricycles in the commercial and industrial areas, and increasing affordability of motorized quadricycles are the major drivers of the market.
The key trends in the market include the technological upgradations, innovative products developments, increasing popularity of electric quadricycles, and rising use in golf.
Light quadricycle and heavy quadricycle are the primary products of motorized quadricycles in the market.
Household, and commercial, among others, are the significant applications of motorized quadricycles in the market.
Groupe Renault, Polaris Inc., Ligier Group, Automobiles Chatenet, and Tazzari GL Imola SPA, among others, are the key players in the motorized quadricycle market, according to the report.
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