Global Motorized Quadricycle Market 2018-2022

LONDON, Nov. 27, 2018 /PRNewswire/ -- 107 pages, November 2018

About this market
Electric quadricycles have a lower carbon footprint as compared to conventional four-and two-wheelers. Progressing awareness about environmental pollution is encouraging the buyers to invest in electric vehicles. Electric motorized quadricycles offer increased saving on fuel costs. For instance, NISSAN MOTOR's New Mobility Concept vehicles launched in Japan were mainly preferred by users due to their lower maintenance costs, low energy consumption, and limited requirement for parking, especially within busy city areas. Sales and production of motorized quadricycles are anticipated to increase during the forecast period as it offers an affordable and convenient mode of personal transport.

Download the full report: https://www.reportbuyer.com/product/5628458

Market Overview
Increasing need for an economical personal mode of transportation
The rising need for low-cost modes of personal transportation drives the sales of motorized quadricycles in all regions. Motorized quadricycles offer a safer alternative to two-wheeler riders for commuting. Two-wheeler riders are constantly exposed to extremities of the weather. A motorized quadricycle offers increased weather protection by enclosing the occupants within a closed cabin.
Lack of safety of motorized quadricycles
Quadricycles are small vehicles that weigh about 450 kg with a maximum speed of about 45 miles per hour. These vehicles are built as a cost-effective mode of transportation. A large number of countries do not have a specific vehicle classification or prescribed safety standards for motorized quadricycles.
For the detailed list of factors that will drive and challenge the growth of the motorized quadricycle market during the 2018-2022, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Renault and TECNO MECCANICA IMOLA the competitive environment is quite intense. Factors such as the increasing need for an economical personal mode of transportation, will provide considerable growth opportunities to motorized quadricycle manufactures. Bajaj Auto, Ligier Group, Mahindra & Mahindra, Polaris Industries, Renault, and TECNO MECCANICA IMOLA are some of the major companies covered in this report.

Download the full report: https://www.reportbuyer.com/product/5628458

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: sarah@reportbuyer.com
Tel: +1 (718) 213 4904
Website: www.reportbuyer.com

View original content:http://www.prnewswire.com/news-releases/global-motorized-quadricycle-market-2018-2022-300756037.html

SOURCE ReportBuyer