Global Electric Utility Vehicle Market is valued approximately USD 3803.3 million in 2017 and is anticipated to grow with a healthy growth rate of more than 23.9% over the forecast period 2018-2025. The Electric Utility Vehicle Market is continuously growing across the world over the coming years. Electric utility vehicle is a green alternative to utility terrain vehicles powered by internal combustion engines. Increasing industrial field expenditure, renovation and retrofitting of old technology, rising focus from automobile manufacturers and growing carbon vehicle emission are the substantial driving factors of the market across the globe. Moreover, government rebates and grants to promote the use of the electric utility vehicles are likely to create numerous opportunity during the forecast period. Further, electric utility vehicle is cost effective, improves grid’s stability, improves voltage fluctuation and therefore promoting the demand of electric utility vehicle across the globe. However, volatile cost of raw materials and certain components is uncertain due to potential supply changes which is limiting the market growth of electric utility vehicle market across the globe.
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The regional analysis of global electric utility vehicle market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to high matured electric vehicles and government support in terms of grants and tax rebates in the region. Europe also contributes on surging trend in the growth of global electric utility vehicle market due to escalating government focus on the adoption and utility of electric vehicles in the region. Further, North America is anticipated to exhibit stable growth rate / CAGR over the forecast period 2018-2025 due to rising focus from automobile manufacturers in the region.
The leading market players mainly include-
Marshell Green Power Co. Ltd.
The detailed segments and sub-segment of the market are explained below:
Acid Lead Type
Gel Lead Type
Lithium Ion Type
By Region: Global (Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru])
Target Audience of the Global Electric Utility Vehicle Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Table of Contents
Global Electric Utility Vehicle Market Size, Status and Forecast 2025
Chapter 1 Executive Summary
Chapter 2 Electric Utility Vehicle Market Definition and Scope
Chapter 3 Electric Utility Vehicle Market Dynamics
Chapter 4 Electric Utility Vehicle Market Industry Analysis
Chapter 5 Electric Utility Vehicle Market, by Application
Chapter 6 Electric Utility Vehicle Market, by End-User
Chapter 7 Electric Utility Vehicle Market, by Regional Analysis
Chapter 8 Competitive Intelligence
Chapter 9 Research Process
The study objectives of this report are:
- To study and forecast the market size of Electric Utility Vehicle in global market.
- To analyse the global key players, SWOT analysis, value and global market share for top players.
- To define, describe and forecast the market by type, end use and region.
- To analyse and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
- To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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