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motorized quadricycles market 2022
Small, fuel-efficient vehicles known as motorised quadricycles are utilised for local transportation in both urban and rural settings. Small city automobiles and motorcycles have been replaced with motorised quadricycles. Motorized quadricycles, which can travel at speeds between 45 and 100 kmph and weigh up to 400 to 500 kg, have become a common form of internal transportation. In Europe, quadricycles are frequently utilised.
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They are not subject to the same strict laws and safety inspections as passenger automobiles; they are also authorised to drive on public roads and may not call for a complete licence. Quadricycles have been divided into two categories by the directive 2002/24/EC & CE: light quadricycles (L6e) and heavy quadricycles (L7e). While heavy quadricycles are not speed restricted and can travel at speeds of up to 100 kmph, light quadricycles are restricted to a top speed of 45 kmph. Environmental regulations regarding emissions must be met by motorised quadricycles, but this isn't a top concern for manufacturers because gas-powered quadricycles account for a small portion of the market.
Despite some existing restraining factors, the motorized quadricycle market is expected to witness noteworthy year-on-year growth over the forecast period. It has been witnessed that elderly population accounts for a majority of the demand for motorized quadricycles owing to low cost, light weight and ease of handling of the vehicle. This trend is expected to exist throughout the forecast period.
Examples of some of the market participants in the global motorized quadricycles market are:
Aixam-Mega Grecav Groupe Renault Bajaj Auto. Ltd. Ligier Automobiles Club Car, LLC. TECNO MECCANICA IMOLA SPA (Gruppo Tazzari)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
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Global Motorized Quadricycle Market: Dynamics
Low cost, ease of handling and lack of stringent regulations are some of the prominent factors driving the sale of motorized quadricycles. Quadricycles are many folds cheaper than city passenger cars and thus appeal to huge masses, particularly the elderly population who do not seek high power and high speed vehicles. Motorized quadricycles are easy to handle; these usually have a CVT transmission and require comparatively low maintenance as compared to other passenger cars.
Global Motorized Quadricycle Market: Segmentation
By product type
Light Quadricycles Heavy Quadricycles
By mode of operation
Electric Quadricycles Fuel Operated Quadricycles
By price range
Economic Mid-range Premium
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico) Europe (Germany, U.K., France, Italy, Russia, Spain etc.) Asia-Pacific (China, India, Japan, Southeast Asia etc.) South America (Brazil, Argentina etc.) Middle East & Africa (Saudi Araia, South Africa etc.)
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Motorized quadricycles are gaining popularity as they provide an efficient mode of transportation. They are especially beneficial for short-distance travel and last-mile connectivity. The Motorized Quadricycles Market is segmented on the basis of product, power type, application, and region. On the basis of product, the market is divided into three segments: passenger motorized quadricycle, cargo motorized quadricycle, and other motorized quadricycle. Passenger motorized quadricycle held the largest share in 2016 owing to its growing demand for urban transport solutions.
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