Micro Mobility Revolution: Trends in North America's Electric Vehicle Market

[Aarti Ghodke]

 

 North America Micro Electric Vehicle Market Report Overview:

North America Micro Electric Vehicle (EV) Market was valued at USD 7.64 billion in 2022 and is estimated to reach a value of USD 22.50 billion in 2027. North America Micro Electric Vehicle (EV) Market size is estimated to grow at a CAGR of 16.67% over the forecast period.

 

North America Micro Electric Vehicle Market Scope and Research Methodology

The report majorly focuses on the North America Micro Electric Vehicle market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the North America Micro Electric Vehicle market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the North America Micro Electric Vehicle market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the North America Micro Electric Vehicle industry. The bottom-up approach was used to estimate the regional and global North America Micro Electric Vehicle market size. By using Secondary research, major North America Micro Electric Vehicle key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the North America Micro Electric Vehicle industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.

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North America Micro Electric Vehicle Market Segmentation:

By Component, Battery Cells & Packs are the major segment of the micro electric vehicles in the North American region; the market is estimated to grow at the rate of 32.5% over the forecasted period. The factors attributing to the growth is battery pack have properties in which electrical energy storage device consisting of any number of individual battery modules which is used to propel electric or hybrid electric vehicles. They can hold more energy than liquid lithium-ion batteries, helping speed up a switch from gasoline vehicles to EVs because drivers would not need to stop as often to charge their cars.

 

North America Micro Electric Vehicle Market Key Players:

Textron (US)
Polaris Inc. (US)
CLUB Car (Georgia, US)
Yamaha Golf-Car Company (US)
Italcar Industrial S.R.L (Italy)
AB Volvo (Sweden)
Faraday & Future Inc. (US)
Ford Motors Company (US)
Zero Electric Vehicles Inc. (US)
Volkswagen AG (Germany)

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North America Micro Electric Vehicle Market Regional Analysis:

The North America Micro Electric Vehicle market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the North America Micro Electric Vehicle market in these countries.

Key Questions answered in the North America Micro Electric Vehicle Market Report are:

• What is the expected CAGR of the North America Micro Electric Vehicle market during the forecast?
• What is the expected North America Micro Electric Vehicle market size during the forecast period?
• Which regional North America Micro Electric Vehicle market is expected to hold the largest share during the forecast period?
• What are the market segments?
• Which production technology is utilized for North America Micro Electric Vehicle?
• What trends are driving the market growth?
• Who are the global key players in the North America Micro Electric Vehicle market?
• What is the global market status of the North America Micro Electric Vehicle market?
• What was volume, manufacturing value, price, and revenue of North America Micro Electric Vehicle market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis of the segments and their sub-segments
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations

About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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