Europe Motorized Quadricycles Market is Set Grow at a CAGR of ~5% between 2019 and 2029 - PMR

NEW YORK, July 29, 2019 /PRNewswire/ -- According to a recent market intelligence by Persistence Market Research (PMR), the motorized quadricycles market in Europe was valued at ~US$ 400 Mn in 2014, and is expected to surpass ~US$ 500 Mn by the end of 2019. Europe's motorized quadricycles market is set grow at a CAGR of ~5% between 2019 and 2029, and is estimated to reach a value of ~US$ 800 Mn by the end of 2029, as indicated by PMR's report.

The study delivers key insights on the motorized quadricycles market, which includes the Europe industry analysis 2014 - 2018 and forecast 2019-2029. The report includes a detailed analysis of the motorized quadricycles market and contains an in-depth analysis for the subsequent ten years.

Lightweight Quadricycles Remain Sought-after

Thorough assessment of the market concludes that the motorized quadricycles market in Europe can be segmented into light quadricycles and heavy quadricycles. Light quadricycles are more popular among the young and elderly population of Europe owing to the lenient government regulations for light quadricycles driving license. A person only requires an AM category license to drive a light quadricycle. Furthermore, some of the heavy quadricycle models such as, Bajaj Qute, Renault TWIZY, etc. also gained traction in the Europe quadricycles market.

Get PDF Brochure for Research Insights at: https://www.persistencemarketresearch.com/samples/16711

By analysis of the market on the basis of operation, the motorized quadricycles market will continue to see pronounced growth in adoption of conventional fuel owing to its several advantages over electric-powered quadricycles. A majority of the consumers in Europe prefer conventional fuel quadricycles over electric quadricycles, as they are more suitable for long distance travels and have economical price point.

Country-wise analysis of Europe's motorized quadricycles market reveals that Spain will continue to reflect a significant growth potential for the motorized quadricycles market over the forecast period. However, France is expected to be a prominent region in the motorized quadricycles market owing to the presence of prominent quadricycle manufacturers in the country.

Need more information about Report Methodology? Ask here:  https://www.persistencemarketresearch.com/methodology/16711

Competition Analysis: Europe Motorized Quadricycles Market

The motorized quadricycles market can be classified as a consolidated market owing to a limited number of quadricycle manufacturers in the region. Tier-wise assessment of the Europe's motorized quadricycles market unleashes that the market challengers account for just about ~10% shares in the motorized quadricycles market revenues. On the other hand, prominent players in the motorized quadricycles market are adopting business expansion, product development, acquisition, and collaboration strategies in a bid to capture significant shares in the market.

Request For Full Report Access: https://www.persistencemarketresearch.com/checkout/16711

• In January 2019, Ligier Group introduced Next-generation DCI and progress engines for quadricycles to optimize its performance.
• In January 2019, Ligier launched its brand-new CHIC JS50/JS50L range of vehicles, under the brand name Automobiles Ligier.
• In 2017, Aixam Mega introduced its new e AIXAM range of quadricycles in the Italy market.

Some of the key players identified across the value chain of the global motorized quadricycles market includes Automobiles CHATENET, Ligier Group, Bajaj Auto Ltd., Estrima Srl, Tecno Meccanica Imola SpA, Aixam-Mega, Casalini Srl, and Bellier Automobiles. Among which Aixam-Mega, Ligier Group, Renault SA, and Casalini Srl are the prominent market players in the motorized quadricycles market in Europe with a significant market share.

Browse Research Release at @ https://www.persistencemarketresearch.com/market-research/europe-motorized-quadricycles-market.asp

The report on the motorized quadricycles market also offers key forecast and macroeconomic factors that are anticipated to drive the growth of the motorized quadricycles market. Furthermore, the report on the motorized quadricycles market also covers potential factors, which can restrain the market growth, along with the latest trends and potential opportunities in the market across the value chain.

Browse More:  Automotive Research Reports

Popular Research Reports by PMR:

• Piston Ring Market: https://www.persistencemarketresearch.com/market-research/piston-ring-market.asp
• Forestry Equipment Tires Market: https://www.persistencemarketresearch.com/market-research/forestry-equipment-tires-market.asp
• Aerospace Bearings Market: https://www.persistencemarketresearch.com/market-research/aerospace-bearings-market.asp

Persistence Market Research Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact

Rohit Bhisey

Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
+1-646-568-7751
United States
USA - Canada Toll-Free: 800-961-0353
Web Site: https://www.persistencemarketresearch.com
Email: sales@persistencemarketresearch.com

Logo: https://mma.prnewswire.com/media/661339/Persistence_Market_Research.jpg