The Latin America, Middle East and Africa Electric Utility Vehicle Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
The construction industry uses compact utility vehicles for a variety of purposes, including drilling, excavating, breaking, demolition, and grabbing, among others. Due to their little size, they can be utilized when a greater number of barriers exist on the ongoing project. Also, compact utility vehicles consume less gasoline than large off-road vehicles, which is one of the most advanced characteristics of compact utility vehicles.
Leading manufacturers are increasing their research and development spending on diesel and electric compact utility vehicles, particularly the electric category. The end results of R&D operations are a competitive price offering, a rise in end-user satisfaction with performance, and the usage of modern technology.
Increasing research and development through partnerships or collaboration facilitates the company's market introduction of new and innovative products. In addition, building sales and service operations in growing nations in conjunction with long-term partnerships with regional distributors facilitates the growth of channel reach. All of these factors are boosting the growth of the electric utility vehicle market.
The Dubai Electricity and Water Authority (DEWA) has created a website called the Dubai EV Community Hub to encourage the usage of electric cars (EVs) in Dubai. This is a component of DEWA's activities to promote environmentally friendly transport and boost Dubai's position as a global center for sustainable development. The EV Community Hub website provides details on the most recent government programs, goals, incentives, and legislation pertaining to electric vehicles.
The Brazil market dominated the LAMEA Electric Utility Vehicle Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $431.1 million by 2028.The Argentina market is experiencing a CAGR of 8.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.4% during (2022 - 2028).
Based on Vehicle Type, the market is segmented into Industrial Electric Utility Vehicles, Electric Shuttle Carts, Electric Utility Carts, Electric UTVs and Electric ATVs. Based on Propulsion, the market is segmented into Pure Electric and Hybrid Electric. Based on Application, the market is segmented into Industrial, Commercial Transport, Recreation, Agriculture and Others. Based on Seating Capacity, the market is segmented 2-Seater, 1-Seater and Greater Than 2 Seater. Based on Battery Type, the market is segmented into Lithium-Ion, Lead Acid and Others. Based on Drive Type, the market is segmented into 2WD, 4WD and AWD. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electric Utility Vehicle Market is Predict to reach $24.9 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Polaris, Inc., Yamaha Motor Co., Ltd., Toyota Industries Corporation, BYD Company Ltd., Kion Group, Godrej Group (Godrej Material Handling), Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.). Waev, Inc., and Addax Motors N.V.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Type
- Industrial Electric Utility Vehicles
- Electric Shuttle Carts
- Electric Utility Carts
- Electric UTVs
- Electric ATVs
By Propulsion
- Pure Electric
- Hybrid Electric
By Application
- Industrial
- Commercial Transport
- Recreation
- Agriculture
- Others
By Seating Capacity
- 2-Seater
- 1-Seater
- Greater Than 2 Seater
By Battery Type
- Lithium-Ion
- Lead Acid
- Others
By Drive Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Textron, Inc.
- Polaris, Inc.
- Yamaha Motor Co., Ltd.
- Toyota Industries Corporation
- BYD Company Ltd.
- Kion Group
- Godrej Group (Godrej Material Handling)
- Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
- Waev, Inc.
- Addax Motors N.V.
TABLE 1 LAMEA Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Utility Vehicle Market
TABLE 4 Product Launches And Product Expansions– Electric Utility Vehicle Market
TABLE 5 Acquisition and Mergers– Electric Utility Vehicle Market
TABLE 6 LAMEA Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 7 LAMEA Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 8 LAMEA Industrial Electric Utility Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Industrial Electric Utility Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Electric Shuttle Carts Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Electric Shuttle Carts Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Electric Utility Carts Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Electric Utility Carts Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Electric UTVs Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Electric UTVs Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Electric ATVs Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Electric ATVs Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 19 LAMEA Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 20 LAMEA Pure Electric Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Pure Electric Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Hybrid Electric Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Hybrid Electric Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 25 LAMEA Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 26 LAMEA Industrial Market by Country, 2018 - 2021, USD Million
TABLE 27 LAMEA Industrial Market by Country, 2022 - 2028, USD Million
TABLE 28 LAMEA Commercial Transport Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Commercial Transport Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Recreation Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Recreation Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Agriculture Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Agriculture Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 37 LAMEA Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 38 LAMEA 2-Seater Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA 2-Seater Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA 1-Seater Market by Country, 2018 - 2021, USD Million
TABLE 41 LAMEA 1-Seater Market by Country, 2022 - 2028, USD Million
TABLE 42 LAMEA Greater Than 2 Seater Market by Country, 2018 - 2021, USD Million
TABLE 43 LAMEA Greater Than 2 Seater Market by Country, 2022 - 2028, USD Million
TABLE 44 LAMEA Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 45 LAMEA Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 46 LAMEA Lithium-Ion Market by Country, 2018 - 2021, USD Million
TABLE 47 LAMEA Lithium-Ion Market by Country, 2022 - 2028, USD Million
TABLE 48 LAMEA Lead Acid Market by Country, 2018 - 2021, USD Million
TABLE 49 LAMEA Lead Acid Market by Country, 2022 - 2028, USD Million
TABLE 50 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 51 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 52 LAMEA Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 53 LAMEA Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 54 LAMEA 2WD Market by Country, 2018 - 2021, USD Million
TABLE 55 LAMEA 2WD Market by Country, 2022 - 2028, USD Million
TABLE 56 LAMEA 4WD Market by Country, 2018 - 2021, USD Million
TABLE 57 LAMEA 4WD Market by Country, 2022 - 2028, USD Million
TABLE 58 LAMEA AWD Market by Country, 2018 - 2021, USD Million
TABLE 59 LAMEA AWD Market by Country, 2022 - 2028, USD Million
TABLE 60 LAMEA Electric Utility Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 61 LAMEA Electric Utility Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 62 Brazil Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 63 Brazil Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 64 Brazil Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 65 Brazil Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 66 Brazil Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 67 Brazil Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 68 Brazil Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 69 Brazil Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 70 Brazil Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 71 Brazil Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 72 Brazil Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 73 Brazil Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 74 Brazil Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 75 Brazil Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 76 Argentina Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 77 Argentina Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 78 Argentina Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 79 Argentina Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 80 Argentina Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 81 Argentina Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 82 Argentina Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 83 Argentina Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 84 Argentina Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 85 Argentina Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 86 Argentina Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 87 Argentina Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 88 Argentina Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 89 Argentina Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 90 UAE Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 91 UAE Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 92 UAE Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 93 UAE Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 94 UAE Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 95 UAE Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 96 UAE Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 97 UAE Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 98 UAE Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 99 UAE Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 100 UAE Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 101 UAE Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 102 UAE Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 103 UAE Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 104 Saudi Arabia Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 105 Saudi Arabia Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 106 Saudi Arabia Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 107 Saudi Arabia Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 108 Saudi Arabia Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 109 Saudi Arabia Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 110 Saudi Arabia Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 111 Saudi Arabia Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 112 Saudi Arabia Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 113 Saudi Arabia Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 114 Saudi Arabia Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 115 Saudi Arabia Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 116 Saudi Arabia Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 117 Saudi Arabia Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 118 South Africa Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 119 South Africa Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 120 South Africa Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 121 South Africa Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 122 South Africa Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 123 South Africa Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 124 South Africa Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 125 South Africa Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 126 South Africa Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 127 South Africa Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 128 South Africa Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 129 South Africa Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 130 South Africa Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 131 South Africa Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 132 Nigeria Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 133 Nigeria Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 134 Nigeria Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 135 Nigeria Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 136 Nigeria Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 137 Nigeria Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 138 Nigeria Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 139 Nigeria Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 140 Nigeria Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 141 Nigeria Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 142 Nigeria Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 143 Nigeria Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 144 Nigeria Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 145 Nigeria Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 146 Rest of LAMEA Electric Utility Vehicle Market, 2018 - 2021, USD Million
TABLE 147 Rest of LAMEA Electric Utility Vehicle Market, 2022 - 2028, USD Million
TABLE 148 Rest of LAMEA Electric Utility Vehicle Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 149 Rest of LAMEA Electric Utility Vehicle Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 150 Rest of LAMEA Electric Utility Vehicle Market by Propulsion, 2018 - 2021, USD Million
TABLE 151 Rest of LAMEA Electric Utility Vehicle Market by Propulsion, 2022 - 2028, USD Million
TABLE 152 Rest of LAMEA Electric Utility Vehicle Market by Application, 2018 - 2021, USD Million
TABLE 153 Rest of LAMEA Electric Utility Vehicle Market by Application, 2022 - 2028, USD Million
TABLE 154 Rest of LAMEA Electric Utility Vehicle Market by Seating Capacity, 2018 - 2021, USD Million
TABLE 155 Rest of LAMEA Electric Utility Vehicle Market by Seating Capacity, 2022 - 2028, USD Million
TABLE 156 Rest of LAMEA Electric Utility Vehicle Market by Battery Type, 2018 - 2021, USD Million
TABLE 157 Rest of LAMEA Electric Utility Vehicle Market by Battery Type, 2022 - 2028, USD Million
TABLE 158 Rest of LAMEA Electric Utility Vehicle Market by Drive Type, 2018 - 2021, USD Million
TABLE 159 Rest of LAMEA Electric Utility Vehicle Market by Drive Type, 2022 - 2028, USD Million
TABLE 160 Key information – Textron, Inc.
TABLE 161 Key information – Polaris, Inc.
TABLE 162 Key Information – Yamaha Motor Co., Ltd.
TABLE 163 Key Information – Toyota Industries Corporation
TABLE 164 key Information – BYD Company Ltd.
TABLE 165 Key Information – Kion Group
TABLE 166 Key Information – Godrej Group
TABLE 167 Key Information – Columbia Vehicle Group Inc.
TABLE 168 Key Information – Waev, Inc.
TABLE 169 Key Information – Addax Motors n.v.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Jan – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: Textron, Inc.
FIG 6 Recent strategies and developments: Polaris, Inc.
FIG 7 Recent strategies and developments: Yamaha Motor Co., Ltd.
FIG 8 Recent strategies and developments: Toyota Industries Corporation
FIG 9 Recent strategies and developments: BYD Company Ltd.