Summary

Electric Utility Vehicle Market – Scope of Report
TMR’s report on the global electric utility vehicle market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2024 to 2034. The report provides revenue of the global electric utility vehicle market for the period 2018–2034, considering 2024 as the base year and 2034 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global electric utility vehicle market from 2024 to 2034.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the electric utility vehicle market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global electric utility vehicle market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global electric utility vehicle market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global electric utility vehicle market.

The report delves into the competitive landscape of the global electric utility vehicle market. Key players operating in the global electric utility vehicle market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global electric utility vehicle market profiled in this report.

Key Questions Answered in Global electric utility vehicle Market Report
• What is the sales/revenue generated by electric utility vehicle across all regions during the forecast period?
• What are the opportunities in the global electric utility vehicle market?
• What are the major drivers, restraints, opportunities, and threats in the market?
• Which regional market is set to expand at the fastest CAGR during the forecast period?
• Which segment is expected to generate the highest revenue globally in 2034?
• Which segment is projected to expand at the highest CAGR during the forecast period?
• What are the market positions of different companies operating in the global market?

Electric Utility Vehicle Market – Research Objectives and Research Approach
The comprehensive report on the global electric utility vehicle market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global electric utility vehicle market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2034 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global electric utility vehicle market.

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Table of Contents

1. Executive Summary: Global Electric Utility Vehicle Market
    1.1. Global Market Outlook
        1.1.1. Market Size, Volume (Thousand Units), Value (US$ Mn), 2020-2035
    1.2. Key Facts and Figures
    1.3. Go to Market Strategy
        1.3.1. Demand & Supply Side Trends
        1.3.2. Identification of Potential Market Spaces
        1.3.3. Preferred Sales & Marketing Strategy
        1.3.4. Growth Opportunity Analysis
    1.4. TMR Analysis and Recommendations
2. Market Overview
    2.1. Market Segmentation/ Taxonomy
    2.2. Market Definitions
    2.3. Key Trend Analysis
    2.4. Market Dynamics (Growth Influencers)
        2.4.1. Drivers
        2.4.2. Restraints
        2.4.3. Opportunities
    2.5. Porter’s Five Forces Analysis
    2.6. Industry SWOT Analysis
    2.7. Regulatory Framework
    2.8. Ecosystem/Value Chain Analysis
        2.8.1. List of Component Suppliers
        2.8.2. List of OEM’s/ Electric Utility Vehicle Manufacturers
        2.8.3. Level of Integration/ Who Supplies to Whom
    2.9. Technology / Product Roadmap
    2.10. Global Electric Utility Vehicle Market Size, Analysis, and Forecasts, 2020-2035
    2.11. Pricing Model Analysis/ Price Trend Analysis
        2.11.1. Cost Structure Analysis, by Manufacturer
    2.12. Market Opportunity Assessment - by Region
        2.12.1. By Battery Type
        2.12.2. By Payload Capacity (KG)
        2.12.3. By Vehicle Type
        2.12.4. By Application
        2.12.5. By Drive Type
        2.12.6. By Propulsion
        2.12.7. By Seating Capacity
    2.13. Impact Factors
        2.13.1. Government Initiatives and Policies
        2.13.2. Environmental Concerns
        2.13.3. Lower Operating Costs
        2.13.4. Advancements in Battery Technology
    2.14. Import Export Data/ Analysis
3. Global Electric Utility Vehicle Market Analysis, By Battery Type
    3.1. Overview and Definitions
    3.2. Key Segment Analysis
    3.3. Electric Utility Vehicle Market Size, Analysis, and Forecasts, By Battery Type, 2017-2031
        3.3.1. Lithium Ion
        3.3.2. Lead Acid
        3.3.3. Hydrogen Fuel Cell
        3.3.4. Others
4. Global Electric Utility Vehicle Market Analysis, by Payload Capacity (KG)
    4.1. Overview and Definitions
    4.2. Key Segment Analysis
    4.3. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Payload Capacity (KG), 2017-2031
        4.3.1. Up to 200 KG
        4.3.2. 201 KG - 500 KG
        4.3.3. 501 KG - 1000 KG
        4.3.4. 1001 KG - 1250 KG
        4.3.5. More Than 1250 KG
5. Global Electric Utility Vehicle Market Analysis, by Vehicle Type
    5.1. Key Segment Analysis
    5.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Vehicle Type, 2017-2031
        5.2.1. Sport Utility Vehicle
        5.2.2. Multi Utility Vehicle
        5.2.3. Utility Terrain Vehicle
        5.2.4. Others
6. Global Electric Utility Vehicle Market Analysis, by Application
    6.1. Key Segment Analysis
    6.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Application, 2017-2031
        6.2.1. Passenger Commute
        6.2.2. Industrial
        6.2.3. Agricultural
        6.2.4. Off-Roading
        6.2.5. Towing/ Hauling
        6.2.6. Sports
        6.2.7. Others
7. Global Electric Utility Vehicle Market Analysis, by Drive Type
    7.1. Key Segment Analysis
    7.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Drive Type, 2017-2031
        7.2.1. 2WD
        7.2.2. 4WD
        7.2.3. AWD
8. Global Electric Utility Vehicle Market Analysis, by Propulsion
    8.1. Key Segment Analysis
    8.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Propulsion, 2017-2031
        8.2.1. Battery Electric Vehicle
        8.2.2. Hybrid/ Plug-in Hybrid Electric Vehicle
9. Global Electric Utility Vehicle Market Analysis, by Seating Capacity
    9.1. Key Segment Analysis
    9.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Seating Capacity, 2017-2031
        9.2.1. 1-Seater
        9.2.2. 2-Seater
        9.2.3. More Than 2- Seater
10. Global Electric Utility Vehicle Market Analysis and Forecasts, by Region
    10.1. Key Findings
    10.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, by Region, 2017-2031
        10.2.1. North America
        10.2.2. Central and South America
        10.2.3. Europe
        10.2.4. Asia Pacific
        10.2.5. Middle East and Africa
11. North America Electric Utility Vehicle Market Analysis and Forecast
    11.1. Regional Outlook
    11.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, 2017-2031
        11.2.1. By Battery Type
        11.2.2. By Payload Capacity (KG)
        11.2.3. By Vehicle Type
        11.2.4. By Application
        11.2.5. By Drive Type
        11.2.6. By Propulsion
        11.2.7. By Seating Capacity
        11.2.8. By Country
            11.2.8.1. USA
            11.2.8.2. Canada
            11.2.8.3. Mexico
12. Central and South America Electric Utility Vehicle Market Analysis and Forecast
    12.1. Regional Outlook
    12.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, 2017-2031
        12.2.1. By Battery Type
        12.2.2. By Payload Capacity (KG)
        12.2.3. By Vehicle Type
        12.2.4. By Application
        12.2.5. By Drive Type
        12.2.6. By Propulsion
        12.2.7. By Seating Capacity
        12.2.8. By Country
            12.2.8.1. Brazil
            12.2.8.2. Argentina
            12.2.8.3. Chile
            12.2.8.4. Colombia
            12.2.8.5. Peru
            12.2.8.6. Central America
            12.2.8.7. Rest of Central and South America
13. Europe Electric Utility Vehicle Market Analysis and Forecast
    13.1. Regional Outlook
    13.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, 2017-2031
        13.2.1. By Battery Type
        13.2.2. By Payload Capacity (KG)
        13.2.3. By Vehicle Type
        13.2.4. By Application
        13.2.5. By Drive Type
        13.2.6. By Propulsion
        13.2.7. By Seating Capacity
        13.2.8. By Country
            13.2.8.1. Germany
            13.2.8.2. UK
            13.2.8.3. France
            13.2.8.4. Italy
            13.2.8.5. Spain
            13.2.8.6. Russia & CIS
            13.2.8.7. Poland
            13.2.8.8. Netherlands
            13.2.8.9. Nordic Countries
            13.2.8.10. Rest of Europe
14. Asia Pacific Electric Utility Vehicle Market Analysis and Forecast
    14.1. Regional Outlook
    14.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, 2017-2031
        14.2.1. By Battery Type
        14.2.2. By Payload Capacity (KG)
        14.2.3. By Vehicle Type
        14.2.4. By Application
        14.2.5. By Drive Type
        14.2.6. By Propulsion
        14.2.7. By Seating Capacity
        14.2.8. By Country
            14.2.8.1. China
            14.2.8.2. India
            14.2.8.3. Japan
            14.2.8.4. Indonesia
            14.2.8.5. Malaysia
            14.2.8.6. Thailand
            14.2.8.7. Vietnam
            14.2.8.8. South Korea
            14.2.8.9. ANZ
            14.2.8.10. Rest of Asia Pacific
15. Middle East & Africa Electric Utility Vehicle Market Analysis and Forecast
    15.1. Regional Outlook
    15.2. Electric Utility Vehicle Market Size, Analysis, and Forecasts, 2017-2031
        15.2.1. By Battery Type
        15.2.2. By Payload Capacity (KG)
        15.2.3. By Vehicle Type
        15.2.4. By Application
        15.2.5. By Drive Type
        15.2.6. By Propulsion
        15.2.7. By Seating Capacity
        15.2.8. By Country
            15.2.8.1. Turkey
            15.2.8.2. Saudi Arabia
            15.2.8.3. UAE
            15.2.8.4. Israel
            15.2.8.5. Kuwait
            15.2.8.6. Egypt
            15.2.8.7. Morocco
            15.2.8.8. South Africa
            15.2.8.9. Nigeria
            15.2.8.10. Rest of Middle East and Africa
16. Competitive Landscape
    16.1. List of key players
    16.2. Company Profile/ Analysis
    16.3. Revenue Share Analysis
    16.4. Technology Comparison Analysis
    16.5. Product Capacity, by key players
    16.6. Product/ Service/ Vehicle Type Category for Key Players
    16.7. Competitive Dashboard Analysis
    16.8. Competitive Scenario
17. Company Profiles
    17.1. Addax Motors
        17.1.1. Company Overview
        17.1.2. Company Footprints
        17.1.3. Product Portfolio
        17.1.4. Competitors & Customers
        17.1.5. Subsidiaries & Parent Organization
        17.1.6. Recent Developments
        17.1.7. Financial Analysis
    17.2. ADIGO DRIVES AB
        17.2.1. Company Overview
        17.2.2. Company Footprints
        17.2.3. Product Portfolio
        17.2.4. Competitors & Customers
        17.2.5. Subsidiaries & Parent Organization
        17.2.6. Recent Developments
        17.2.7. Financial Analysis
    17.3. Alke
        17.3.1. Company Overview
        17.3.2. Company Footprints
        17.3.3. Product Portfolio
        17.3.4. Competitors & Customers
        17.3.5. Subsidiaries & Parent Organization
        17.3.6. Recent Developments
        17.3.7. Financial Analysis
    17.4. American Landmaster
        17.4.1. Company Overview
        17.4.2. Company Footprints
        17.4.3. Product Portfolio
        17.4.4. Competitors & Customers
        17.4.5. Subsidiaries & Parent Organization
        17.4.6. Recent Developments
        17.4.7. Financial Analysis
    17.5. Arctic Cat
        17.5.1. Company Overview
        17.5.2. Company Footprints
        17.5.3. Product Portfolio
        17.5.4. Competitors & Customers
        17.5.5. Subsidiaries & Parent Organization
        17.5.6. Recent Developments
        17.5.7. Financial Analysis
    17.6. Auto Rennen India
        17.6.1. Company Overview
        17.6.2. Company Footprints
        17.6.3. Product Portfolio
        17.6.4. Competitors & Customers
        17.6.5. Subsidiaries & Parent Organization
        17.6.6. Recent Developments
        17.6.7. Financial Analysis
    17.7. Balkancar Record
        17.7.1. Company Overview
        17.7.2. Company Footprints
        17.7.3. Product Portfolio
        17.7.4. Competitors & Customers
        17.7.5. Subsidiaries & Parent Organization
        17.7.6. Recent Developments
        17.7.7. Financial Analysis
    17.8. BYD
        17.8.1. Company Overview
        17.8.2. Company Footprints
        17.8.3. Product Portfolio
        17.8.4. Competitors & Customers
        17.8.5. Subsidiaries & Parent Organization
        17.8.6. Recent Developments
        17.8.7. Financial Analysis
    17.9. Can-Am Motorcycles
        17.9.1. Company Overview
        17.9.2. Company Footprints
        17.9.3. Product Portfolio
        17.9.4. Competitors & Customers
        17.9.5. Subsidiaries & Parent Organization
        17.9.6. Recent Developments
        17.9.7. Financial Analysis
    17.10. CFMOTO
        17.10.1. Company Overview
        17.10.2. Company Footprints
        17.10.3. Product Portfolio
        17.10.4. Competitors & Customers
        17.10.5. Subsidiaries & Parent Organization
        17.10.6. Recent Developments
        17.10.7. Financial Analysis
    17.11. Club Car
        17.11.1. Company Overview
        17.11.2. Company Footprints
        17.11.3. Product Portfolio
        17.11.4. Competitors & Customers
        17.11.5. Subsidiaries & Parent Organization
        17.11.6. Recent Developments
        17.11.7. Financial Analysis
    17.12. Crossfire Motorcycles
        17.12.1. Company Overview
        17.12.2. Company Footprints
        17.12.3. Product Portfolio
        17.12.4. Competitors & Customers
        17.12.5. Subsidiaries & Parent Organization
        17.12.6. Recent Developments
        17.12.7. Financial Analysis
    17.13. DRR USA
        17.13.1. Company Overview
        17.13.2. Company Footprints
        17.13.3. Product Portfolio
        17.13.4. Competitors & Customers
        17.13.5. Subsidiaries & Parent Organization
        17.13.6. Recent Developments
        17.13.7. Financial Analysis
    17.14. Eco Charger
        17.14.1. Company Overview
        17.14.2. Company Footprints
        17.14.3. Product Portfolio
        17.14.4. Competitors & Customers
        17.14.5. Subsidiaries & Parent Organization
        17.14.6. Recent Developments
        17.14.7. Financial Analysis
    17.15. Edgo Carts
        17.15.1. Company Overview
        17.15.2. Company Footprints
        17.15.3. Product Portfolio
        17.15.4. Competitors & Customers
        17.15.5. Subsidiaries & Parent Organization
        17.15.6. Recent Developments
        17.15.7. Financial Analysis
    17.16. Electric Wheels
        17.16.1. Company Overview
        17.16.2. Company Footprints
        17.16.3. Product Portfolio
        17.16.4. Competitors & Customers
        17.16.5. Subsidiaries & Parent Organization
        17.16.6. Recent Developments
        17.16.7. Financial Analysis
    17.17. Evum Motors
        17.17.1. Company Overview
        17.17.2. Company Footprints
        17.17.3. Product Portfolio
        17.17.4. Competitors & Customers
        17.17.5. Subsidiaries & Parent Organization
        17.17.6. Recent Developments
        17.17.7. Financial Analysis
    17.18. Excar
        17.18.1. Company Overview
        17.18.2. Company Footprints
        17.18.3. Product Portfolio
        17.18.4. Competitors & Customers
        17.18.5. Subsidiaries & Parent Organization
        17.18.6. Recent Developments
        17.18.7. Financial Analysis
    17.19. Godrej Material Handling
        17.19.1. Company Overview
        17.19.2. Company Footprints
        17.19.3. Product Portfolio
        17.19.4. Competitors & Customers
        17.19.5. Subsidiaries & Parent Organization
        17.19.6. Recent Developments
        17.19.7. Financial Analysis
    17.20. Hisun Motors
        17.20.1. Company Overview
        17.20.2. Company Footprints
        17.20.3. Product Portfolio
        17.20.4. Competitors & Customers
        17.20.5. Subsidiaries & Parent Organization
        17.20.6. Recent Developments
        17.20.7. Financial Analysis
    17.21. Honda
        17.21.1. Company Overview
        17.21.2. Company Footprints
        17.21.3. Product Portfolio
        17.21.4. Competitors & Customers
        17.21.5. Subsidiaries & Parent Organization
        17.21.6. Recent Developments
        17.21.7. Financial Analysis
    17.22. John Deere
        17.22.1. Company Overview
        17.22.2. Company Footprints
        17.22.3. Product Portfolio
        17.22.4. Competitors & Customers
        17.22.5. Subsidiaries & Parent Organization
        17.22.6. Recent Developments
        17.22.7. Financial Analysis
    17.23. Kawasaki
        17.23.1. Company Overview
        17.23.2. Company Footprints
        17.23.3. Product Portfolio
        17.23.4. Competitors & Customers
        17.23.5. Subsidiaries & Parent Organization
        17.23.6. Recent Developments
        17.23.7. Financial Analysis
    17.24. Kion Group
        17.24.1. Company Overview
        17.24.2. Company Footprints
        17.24.3. Product Portfolio
        17.24.4. Competitors & Customers
        17.24.5. Subsidiaries & Parent Organization
        17.24.6. Recent Developments
        17.24.7. Financial Analysis
    17.25. Linhai
        17.25.1. Company Overview
        17.25.2. Company Footprints
        17.25.3. Product Portfolio
        17.25.4. Competitors & Customers
        17.25.5. Subsidiaries & Parent Organization
        17.25.6. Recent Developments
        17.25.7. Financial Analysis
    17.26. Marshell
        17.26.1. Company Overview
        17.26.2. Company Footprints
        17.26.3. Product Portfolio
        17.26.4. Competitors & Customers
        17.26.5. Subsidiaries & Parent Organization
        17.26.6. Recent Developments
        17.26.7. Financial Analysis
    17.27. Nebula Automotive
        17.27.1. Company Overview
        17.27.2. Company Footprints
        17.27.3. Product Portfolio
        17.27.4. Competitors & Customers
        17.27.5. Subsidiaries & Parent Organization
        17.27.6. Recent Developments
        17.27.7. Financial Analysis
    17.28. Pilotcars Electric Vehicles
        17.28.1. Company Overview
        17.28.2. Company Footprints
        17.28.3. Product Portfolio
        17.28.4. Competitors & Customers
        17.28.5. Subsidiaries & Parent Organization
        17.28.6. Recent Developments
        17.28.7. Financial Analysis
    17.29. Polaris
        17.29.1. Company Overview
        17.29.2. Company Footprints
        17.29.3. Product Portfolio
        17.29.4. Competitors & Customers
        17.29.5. Subsidiaries & Parent Organization
        17.29.6. Recent Developments
        17.29.7. Financial Analysis
    17.30. Powerland Agro Tractors Vehicles
        17.30.1. Company Overview
        17.30.2. Company Footprints
        17.30.3. Product Portfolio
        17.30.4. Competitors & Customers
        17.30.5. Subsidiaries & Parent Organization
        17.30.6. Recent Developments
        17.30.7. Financial Analysis
    17.31. Renault Group
        17.31.1. Company Overview
        17.31.2. Company Footprints
        17.31.3. Product Portfolio
        17.31.4. Competitors & Customers
        17.31.5. Subsidiaries & Parent Organization
        17.31.6. Recent Developments
        17.31.7. Financial Analysis
    17.32. Smartcart
        17.32.1. Company Overview
        17.32.2. Company Footprints
        17.32.3. Product Portfolio
        17.32.4. Competitors & Customers
        17.32.5. Subsidiaries & Parent Organization
        17.32.6. Recent Developments
        17.32.7. Financial Analysis
    17.33. Suzhou Eagle Electric Vehicle
        17.33.1. Company Overview
        17.33.2. Company Footprints
        17.33.3. Product Portfolio
        17.33.4. Competitors & Customers
        17.33.5. Subsidiaries & Parent Organization
        17.33.6. Recent Developments
        17.33.7. Financial Analysis
    17.34. Tesla
        17.34.1. Company Overview
        17.34.2. Company Footprints
        17.34.3. Product Portfolio
        17.34.4. Competitors & Customers
        17.34.5. Subsidiaries & Parent Organization
        17.34.6. Recent Developments
        17.34.7. Financial Analysis
    17.35. Textron
        17.35.1. Company Overview
        17.35.2. Company Footprints
        17.35.3. Product Portfolio
        17.35.4. Competitors & Customers
        17.35.5. Subsidiaries & Parent Organization
        17.35.6. Recent Developments
        17.35.7. Financial Analysis
    17.36. Toyota Industries Corporation
        17.36.1. Company Overview
        17.36.2. Company Footprints
        17.36.3. Product Portfolio
        17.36.4. Competitors & Customers
        17.36.5. Subsidiaries & Parent Organization
        17.36.6. Recent Developments
        17.36.7. Financial Analysis
    17.37. Volcon
        17.37.1. Company Overview
        17.37.2. Company Footprints
        17.37.3. Product Portfolio
        17.37.4. Competitors & Customers
        17.37.5. Subsidiaries & Parent Organization
        17.37.6. Recent Developments
        17.37.7. Financial Analysis
    17.38. Westward Industries
        17.38.1. Company Overview
        17.38.2. Company Footprints
        17.38.3. Product Portfolio
        17.38.4. Competitors & Customers
        17.38.5. Subsidiaries & Parent Organization
        17.38.6. Recent Developments
        17.38.7. Financial Analysis
    17.39. Yamaha Motor Company
        17.39.1. Company Overview
        17.39.2. Company Footprints
        17.39.3. Product Portfolio
        17.39.4. Competitors & Customers
        17.39.5. Subsidiaries & Parent Organization
        17.39.6. Recent Developments
        17.39.7. Financial Analysis
    17.40. Other Key Players
        17.40.1. Company Overview
        17.40.2. Company Footprints
        17.40.3. Product Portfolio
        17.40.4. Competitors & Customers
        17.40.5. Subsidiaries & Parent Organization
        17.40.6. Recent Developments
        17.40.7. Financial Analysis
18. Key Takeaways