+23% CAGR Will Be Achieved by Electric Utility Vehicle Market Report Just Published

Global Electric Utility Vehicle Market is valued approximately USD 3803.3 million in 2017 and is anticipated to grow with a healthy growth rate of more than 23.9% over the forecast period 2018-2025. The Electric Utility Vehicle Market is continuously growing across the world over the coming years. The electric utility vehicle is a green alternative to utility terrain vehicles powered by internal combustion engines. Increasing industrial field expenditure, renovation and retrofitting of old technology, rising focus from automobile manufacturers and growing carbon vehicle emission are the substantial driving factors of the market across the globe. Moreover, government rebates and grants to promote the use of electric utility vehicles are likely to create numerous opportunity during the forecast period. Further, an electric utility vehicle is cost-effective, improves the grid’s stability, improves voltage fluctuation and therefore promoting the demand for electric utility vehicle across the globe. However, the volatile cost of raw materials and certain components is uncertain due to potential supply changes which is limiting the market growth of the electric utility vehicle market across the globe.
The regional analysis of global electric utility vehicle market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to high matured electric vehicles and government support in terms of grants and tax rebates in the region. Europe also contributes to a surging trend in the growth of global electric utility vehicle market due to escalating government focus on the adoption and utility of electric vehicles in the region. Further, North America is anticipated to exhibit stable growth rate / CAGR over the forecast period 2018-2025 due to rising focus from automobile manufacturers in the region.

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Note: The study base year and forecast period can be customized as per the request. Also, the table of contents is the defined scope of a published report. As per requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of customization

The major market player included in this report are:
> Club Car
> Polaris Industries
> Ligier Professional
> E-Z-GO
> Alke
> Marshell Green Power Co. Ltd.
> Taylor-Dunn
> John Deere
> STAR EV
> Guangdong Lvtong

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Acid Lead Type
Gel Lead Type
Lithium Ion Type

By Application:

Commercial
Industrial
Private
Others

Complete Report Details @ https://www.reportocean.com/industry-verticals/sample-request?report_id=27349

By Regions:
North America
o U.S.
o Canada
Europe
o UK
o Germany
Asia Pacific
o China
o India
o Japan
Latin America
o Brazil
o Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Electric Utility Vehicle Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Ronard

Ronard Completed his Master in Communication, after completing his degree he opted full-time research as his career. Ronard Main Area of Specialization is Market Research, he also contributes to Various Online Blog

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