Small Electric Vehicle Market to Grow at 23% until 2022
Government incentive schemes coupled
with growing consumer inclination towards cleaner and energy efficient vehicles
to fuel global small electric vehicle market through 2022
According to TechSci Research report, “Global
Small Electric Vehicle Market By
Vehicle Type, By Technology Type, By Battery Type, By Region, Competition Forecast &
Opportunities, 2016 – 2022”, the global small electric vehicle market is
projected to grow at a CAGR of 23% during 2017 - 2022. Growth in the market is
anticipated on account of favorable government policies and attractive
incentives for promoting the use of environment friendly vehicles amid growing
air pollution levels. Moreover, expanding research & development efforts by
various companies to launch technologically advanced vehicles, increasing
affordability of electric vehicles, and expanding middle class population are
expected to propel demand for small electric vehicles, globally, in the coming
years.
Browse 123 Figures spread through 199 Pages and an in-depth TOC on "Global Small
Electric Vehicle Market"
https://www.techsciresearch.com/report/global-small-electric-vehicle-market-by-technology-hybrid-electric-vehicle-plug-in-hybrid-electric-vehicle-battery-electric-vehicle-by-battery-type-by-geography-competition-forecast-opportunities/1039.html
In 2016, Asia-Pacific accounted for the leading
share in small electric vehicle market, backed by huge population base, growing
sales of electric automobiles and rapid expansion in automobile production in
the region. Additionally, with increasing technological and infrastructure
developments in developing countries such as India, China, etc., demand for
more sophisticated transportation means is growing, which is anticipated to
positively influence the small electric vehicle market in these countries over
the course of next five years.
Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=1039
Customers can also request for 10% free customization
on this report.
“Owing to growing interest of consumers in small
electric vehicles, several manufacturers are making huge investments and are
coming up with advanced feature-rich vehicles in the anticipation of lucrative
returns. Moreover, increasing penetration of small electric vehicles in
developing economies, rising pollution levels, etc., are expected to thrive
global small electric vehicle market through 2022.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm. Some
of the leading global small electric vehicle players include Nissan, BMW AG,
Toyota Motor Corporation, Ford Motor Company, Zhengzhou Yutong Bus Co. Ltd.,
Audi AG, Hyundai Motor Company, BYD Company Limited, and Renault, among others.
“Global Small
Electric Vehicle Market By
Vehicle Type, By Technology Type, By Battery Type, By Region, Competition Forecast & Opportunities, 2016 – 2022” has analyzed the potential of small electric vehicle market across the
globe, and provides statistics and information on market size, shares and
trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by the industry.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]