Global fun utility vehicles (FUV) market may register an impressive growth in the forecast period, 2023-2027, due to increasing demand for electric vehicles. Rising concerns regarding environment friendly vehicles also drive the growth of the global fun utility vehicles (FUV) market in the upcoming five years. Rising concerns regarding degrading environmental conditions and depleting atmosphere is also a major reason that is anticipated to support the growth of the global fun utility vehicles (FUV) market in the next five years.

Rising Innovations in Automotives Drive Market Growth

Rapidly growing advancement in the vehicles are actively driving the growth of the global fun utility vehicle (FUV) market in the upcoming five years. Concerns for environment, depleting resources and surge in the energy and power resource consumption is substantiating the growth of the global fun utility vehicles (FUV) market in the next five years. Exhaustive fumes, toxins released out of the diesel, petrol, and oil based vehicles pose major threat to the environment. To compensate for the non-renewable resources, the energy demands are majorly being derived by electrical vehicles.

Electric vehicles are more popular among the young adult population with higher diGlobal fun utility vehicles (FUV) market may register an impressive growth in the forecast period, 2023-2027, due to increasing demand for electric vehicles. Rising concerns regarding environment friendly vehicles also drive the growth of the global fun utility vehicles (FUV) market in the upcoming five years. Rising concerns regarding degrading environmental conditions and depleting atmosphere is also a major reason that is anticipated to support the growth of the global fun utility vehicles (FUV) market in the next five years.

Rising Innovations in Automotives Drive Market Growth

Rapidly growing advancement in the vehicles are actively driving the growth of the global fun utility vehicle (FUV) market in the upcoming five years. Concerns for environment, depleting resources and surge in the energy and power resource consumption is substantiating the growth of the global fun utility vehicles (FUV) market in the next five years. Exhaustive fumes, toxins released out of the diesel, petrol, and oil based vehicles pose major threat to the environment. To compensate for the non-renewable resources, the energy demands are majorly being derived by electrical vehicles.

Electric vehicles are more popular among the young adult population with higher disposable incomes. According to the United Nations Department of Economic and Social Affairs, In 2019, there are about 1.2 billion youth aged 15 to 24 years in the world, or 16 per cent of the global population. These are the main customer base for FUV, and thus substantially support the growth of the global sun utility vehicles (FUV) market in the upcoming five years.

Growing Concerns Regarding Environment Supports Market Growth

Excessive toxic and exhaustive gases released out of the automobiles cause severe damage to the environment. Along with the government the consumers are gaining concerns and are actively supporting the motions of saving the environment from the growing pollution. Surge in the demand for the environment friendly vehicles, and other shifts in the preferences of the consumer toward electric vehicles supports the growth of the global fun utility vehicle (FUV) market in the upcoming five years.

Moreover, increasing investments in the electric vehicle charging infrastructure and localized vendors & charging unit suppliers are further aiding the growth of the global fun utility vehicle (FUV) market in the next five years. These vehicles are well supported and run efficiently on chargeable batteries. Multiple charging units, and effective inclination of using electric energy over combustible fuel to charge the vehicles are facilitating the growth of the global fun utility vehicle (FUV) market in the future five years.


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Market Segmentation

The global fun utility vehicles (FUV) market segmentation is based on type, range, end use, regional distribution, and competitive landscape. Based on type, the market is differentiated between two- wheeled and three wheeled vehicles. By range, the market is fragmented into less than 50 miles, 50-100 miles, and above 100 miles. Based on end use, the market is bifurcated between personal, delivery and others. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Company Profile

Arcimoto, Inc., NIO, Li Auto Inc., Guangzhou Xiaopeng Motors Technology Co Ltd., are enlisted in a partial list of major market players of the global fun utility vehicles (FUV) market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Range

·         End Use

Regional scope

North America; Europe & CIS; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea, Germany, France, United Kingdom, Spain, Italy, Russia, Brazil, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Egypt, Turkey.

Key companies profiled

Arcimoto, Inc., NIO, Li Auto Inc., Guangzhou Xiaopeng Motors Technology Co Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global fun utility vehicles (FUV) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Fun Utility Vehicles (FUV) Market, By Type:
    • Two-Wheeled
    • Three-Wheeled Vehicle
  • Fun Utility Vehicles (FUV) Market, By Range:
    • Less than 50 Miles
    • 50-100 Miles
    • Above 100 Miles
  • Fun Utility Vehicles (FUV) Market, By End Use:
    • Personal
    • Delivery
    • Others
  • Fun utility vehicles (FUV) Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Asia-Pacific
      • China
      • India
      • Japan
      • Malaysia
      • Thailand
      • Indonesia
      • Vietnam
      • South Korea
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
      • Russia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global fun utility vehicles (FUV) market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Fun Utility Vehicle (FUV) Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Satisfaction Level

5.3.  Aided and Unaided Brand Recall

6.    Global Fun Utility Vehicle (FUV) Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Two-Wheeled, Three-Wheeled Vehicle)

6.2.2.     By Range (Less than 50 Miles, 50-100 Miles, Above 100 Miles)

6.2.3.     By End Use (Personal, Delivery, and Others)

6.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5.     By Company (2021)

6.3.  Product Market Map (By Type, By Region)

7.    North America Fun Utility Vehicle (FUV) Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Range

7.2.3.     By End Use

7.2.4.     By Country (United States; Canada; Mexico)

7.3.  Product Market Map (By Type, By Country)

7.4.  North America: Country Analysis

7.4.1.     United States Fun Utility Vehicle (FUV) Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             By Range

7.4.1.2.3.             By End Use

7.4.2.     Canada Fun Utility Vehicle (FUV) Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             By Range

7.4.2.2.3.             By End Use

7.4.3.     Mexico Fun Utility Vehicle (FUV) Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             By Range

7.4.3.2.3.             By End Use

8.    Asia Pacific Fun Utility Vehicle (FUV) Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Range

8.2.3.     By End Use

8.2.4.     By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.3.  Product Market Map (By Type, By Country)

8.4.  Asia Pacific: Country Analysis

8.4.1.     China Fun Utility Vehicle (FUV) Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Range

8.4.1.2.3.             By End Use

8.4.2.     India Fun Utility Vehicle (FUV) Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Range

8.4.2.2.3.             By End Use

8.4.3.     Japan Fun Utility Vehicle (FUV) Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Range

8.4.3.2.3.             By End Use

8.4.4.     Malaysia Fun Utility Vehicle (FUV) Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Range

8.4.4.2.3.             By End Use

8.4.5.     Thailand Fun Utility Vehicle (FUV) Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Range

8.4.5.2.3.             By End Use

8.4.6.     Indonesia Fun Utility Vehicle (FUV) Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Type

8.4.6.2.2.             By Range

8.4.6.2.3.             By End Use

8.4.7.     Vietnam Fun Utility Vehicle (FUV) Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Type

8.4.7.2.2.             By Range

8.4.7.2.3.             By End Use

8.4.8.     South Korea Fun Utility Vehicle (FUV) Market Outlook

8.4.8.1.         Market Size & Forecast

8.4.8.1.1.             By Value & Volume

8.4.8.2.         Market Share & Forecast

8.4.8.2.1.             By Type

8.4.8.2.2.             By Range

8.4.8.2.3.             By End Use

9.    Europe & CIS Fun Utility Vehicle (FUV) Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Range

9.2.3.     By End Use

9.2.4.     By Country (Germany, France, United Kingdom, Spain, Italy, Russia)

9.3.  Product Market Map (By Type, By Country)

9.4.  Europe & CIS: Country Analysis

9.4.1.     Germany Fun Utility Vehicle (FUV) Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Range

9.4.1.2.3.             By End Use

9.4.2.     France Fun Utility Vehicle (FUV) Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By Range

9.4.2.2.3.             By End Use

9.4.3.     United Kingdom Fun Utility Vehicle (FUV) Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Type

9.4.3.2.2.             By Range

9.4.3.2.3.             By End Use

9.4.4.     Spain Fun Utility Vehicle (FUV) Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value & Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Type

9.4.4.2.2.             By Range

9.4.4.2.3.             By End Use

9.4.5.     Italy Fun Utility Vehicle (FUV) Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value & Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Type

9.4.5.2.2.             By Range

9.4.5.2.3.             By End Use

9.4.6.     Russia Fun Utility Vehicle (FUV) Market Outlook

9.4.6.1.         Market Size & Forecast

9.4.6.1.1.             By Value & Volume

9.4.6.2.         Market Share & Forecast

9.4.6.2.1.             By Type

9.4.6.2.2.             By Range

9.4.6.2.3.             By End Use

10.  South America Fun Utility Vehicle (FUV) Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Range

10.2.3.  By End Use

10.2.4.  By Country (Brazil, Argentina, Colombia)

10.3.              Product Market Map (By Type, By Country)

10.4.              South America: Country Analysis

10.4.1.  Brazil Fun Utility Vehicle (FUV) Market Outlook