Electrical Utility Vehicle Market, By Type (Acid Lead Type, Gel Lead Type, and Lithium Ion Type), By Application (Commercial, Industrial, and Private), Geography (NA, EU, APAC, LATAM and MEA) Analysis, Share, Trends, Size, & Forecast From 2020 2026
Report Code: AV509
Industry: Semiconductor and Electronics
Publiced On: 2020-03-01
Pages: 180
Format:
REPORT HIGHLIGHT
Electrical Utility Vehicle Market was valued at USD 4.39 billion by 2019, growing with 27.4% CAGR during the forecast period, 2020-2026
Market Dynamics
Electrical utility vehicles are those that are used across a variety of terrain and the function of these vehicles is to be of utility to the end-user in terms of carrying the load or other on-field or industrial function. These are generally powered by turbocharges or internal electrically charged engines. These may function in the form of gold carts or inside parks or wineries or other recreational activities in specific areas. The need for this product becomes exceptionally important in areas and zones where there is a restriction on using sustainable sources of transport only.
The general shift towards better cleaner and greener utility vehicles is one of the primary drivers of this industry. Based on an article published in the cleantechnica.com, (Feb 2019), an electrical car can emit CO2 as much as 4815 pounds per year, whereas a typical gasoline car emits as much as 11,435 pounds per year. This difference is therefore evidently stark and the no. of governments opting for cleaner alternatives is therefore increasing. Favourable government investments and growing policies and subsidies that are pro-environment friendly are boosting this market further. A major restraining factor is the infrastructure that is required to be set up for recharging these vehicles and the repair and maintenance of these products.
Type Takeaway
Based on the type the segment has been categorized into Acid Lead Type, Gel Lead Type and Lithium-Ion Type. Of these the Lithium-Ion battery category dominates the market owing to the fact that the prices for the lithium-ion battery are witnessing a global reduction. Besides this in general, these batteries are gaining acceptance due to its lightweight, durability and better output features. The acid lead type and the Gel lead type market may, however, witness a swifter rise in the coming years. However, generally due to power performance and the capacity, the duration of use the lithium batteries rule the market share.
Application Takeaway
The electrical utility market has been categorized into Commercial, Industrial and Private. Of these, it has been observed that the commercial and industrial vehicles dominate the market. These products find applications in parks which require their own built-in logistics network to transfer material or products within. In general, this logistics category is the most widespread with regards to the electrical utility vehicles market.
Regional Takeaway
The Asia Pacific holds the largest market share in regards to the electrical utility market. This can be attributed to the well-entrenched electrical vehicles market in areas such as China and Japan. Besides, these regions have also levied government subsidies and tax rebates for using eco-friendly vehicles. In general, China holds the largest market share with regard to electrical vehicles in general.
Key Vendor Takeaway
The key players in this category are Polaris, Club Car, Ligier Professional, E-Z-GO, John Deere Alke, Taylor-Dunn, Marshell, STAR EV, and Guangdong Lvtong. Techrunch.com stated, Dec 2019, that Rivian, an American automotive technology start-up has funded approximately $1.3 billion to its electrical utility and adventure market. In India, March 2018, Mahindra and Ford planned on signing a MoU to co-develop small electrical vehicles that included sports utility vehicles.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
- Polaris
- AeroVironment Inc.
- Siemens AG
- Club Car
- Ligier Professional
- E-Z-GO
- John Deere Alke
- ABB Ltd.
- Chargepoint Inc.
- Taylor-Dunn
- Marshell
- Tesla Motors Inc.
- STAR EV
- Guangdong Lvtong
MARKET BY TYPE
- Lithium Ion Type
- Acid Lead Type
- Gel Lead Type
MARKET, BY APPLICATION
- Industrial
- Commercial
- Private
MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. ELECTRICAL UTILITY VEHICLE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Type
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. ELECTRICAL UTILITY VEHICLE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. ELECTRICAL UTILITY VEHICLE INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. ELECTRICAL UTILITY VEHICLE MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. ELECTRICAL UTILITY VEHICLE MARKET – BY TYPE
6.1. Overview
6.1.1. Segment Share Analysis, By Type, 2019 & 2026 (%)
6.2. Lithium Ion Type
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Acid Lead Type
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.4. Gel Lead Type
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.5. Others
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. ELECTRICAL UTILITY VEHICLE MARKET – BY APPLICATION
7.1. Overview
7.1.1. Segment Share Analysis, By Application, 2019 & 2026 (%)
7.2. Industrial
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Commercial
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Private
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. ELECTRICAL UTILITY VEHICLE MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.2.5. North America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.2.6. The U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.5.5. Latin America Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Application, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Polaris
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. AeroVironment, Inc.
9.3. Siemens AG
9.4. Club Car
9.5. Ligier Professional
9.6. E-Z-GO
9.7. John Deere Alke
9.8. ABB Ltd.
9.9. Chargepoint Inc.
9.10. Taylor-Dunn
9.11. Marshell
9.12. Tesla Motors Inc.
9.13. STAR EV
9.14. Guangdong Lvtong
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Electrical Utility Vehicle market: Type Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Electrical Utility Vehicle market, by Type 2015-2026 (USD Million)
TABLE Electrical Utility Vehicle market: Application Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Application
TABLE Global Electrical Utility Vehicle market, by Application 2015-2026 (USD Million)
TABLE Electrical Utility Vehicle market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Electrical Utility Vehicle market, by Region 2015-2026 (USD Million)
TABLE North America Electrical Utility Vehicle market, by Country, 2015-2026 (USD Million)
TABLE North America Electrical Utility Vehicle market, by Type, 2015-2026 (USD Million)
TABLE North America Electrical Utility Vehicle market, by Application, 2015-2026 (USD Million)
TABLE Europe Electrical Utility Vehicle market, by country, 2015-2026 (USD Million)
TABLE Europe Electrical Utility Vehicle market, by Type, 2015-2026 (USD Million)
TABLE Europe Electrical Utility Vehicle market, by Application, 2015-2026 (USD Million)
TABLE Asia Pacific Electrical Utility Vehicle market, by country, 2015-2026 (USD Million)
TABLE Asia Pacific Electrical Utility Vehicle market, by Type, 2015-2026 (USD Million)
TABLE Asia Pacific Electrical Utility Vehicle market, by Application, 2015-2026 (USD Million)
TABLE Latin America Electrical Utility Vehicle market, by country, 2015-2026 (USD Million)
TABLE Latin America Electrical Utility Vehicle market, by Type, 2015-2026 (USD Million)
TABLE Latin America Electrical Utility Vehicle market, by Application, 2015-2026 (USD Million)
TABLE Middle East and Africa Electrical Utility Vehicle market, by country, 2015-2026 (USD Million)
TABLE Middle East and Africa Electrical Utility Vehicle market, by Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Electrical Utility Vehicle market, by Application, 2015-2026 (USD Million)
List of Figures
FIGURE Electrical Utility Vehicle market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Type segment market share analysis, 2019 & 2026
FIGURE Type segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Lithium Ion Type market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Acid Lead Type market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Gel Lead Type market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Application segment market share analysis, 2019 & 2026
FIGURE Application segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Industrial market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Commercial market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Private market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Others market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Electrical Utility Vehicle market share and leading players, 2018
FIGURE Europe Electrical Utility Vehicle market share and leading players, 2018
FIGURE Asia Pacific Electrical Utility Vehicle market share and leading players, 2018
FIGURE Latin America Electrical Utility Vehicle market share and leading players, 2018
FIGURE Middle East and Africa Electrical Utility Vehicle market share and leading players, 2018
FIGURE North America Electrical Utility Vehicle market share analysis by country, 2018
FIGURE U.S. Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Electrical Utility Vehicle market share analysis by country, 2018
FIGURE Germany Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Electrical Utility Vehicle market share analysis by country, 2018
FIGURE India Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Electrical Utility Vehicle market share analysis by country, 2018
FIGURE Brazil Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Electrical Utility Vehicle market share analysis by country, 2018
FIGURE Saudi Arabia Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Electrical Utility Vehicle market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Polaris Company; Financial Data
FIGURE AeroVironment Inc. Company; Financial Data
FIGURE Siemens AG Company; Financial Data
FIGURE Club Car Company; Financial Data
FIGURE Ligier Professional Company; Financial Data
FIGURE E-Z-GO Company; Financial Data
FIGURE John Deere Alke Company; Financial Data
FIGURE ABB Ltd. Company; Financial Data
FIGURE Chargepoint Inc. Company; Financial Data
FIGURE Taylor-Dunn Company; Financial Data
FIGURE Marshell Company; Financial Data
FIGURE Tesla Motors Inc. Company; Financial Data
FIGURE STAR EV Company; Financial Data
FIGURE Guangdong Lvtong Company; Financial Data
