The analysis of this market in these important geographies would give an entire perspective of motorized quadricycles in the European market.
Albany, NY -- (SBWIRE) -- 09/20/2017 -- An insightful research report titled "Motorized Quadricycles Market: Europe Industry Analysis (2012-2016) and Forecast (2017-2027)" is available with Market Research Reports Search Engine (MRRSE). It conveys a brief layout of the macroeconomic factors, the various trends shaping the market, opportunities for market participants and the regulatory scenario. Various drivers and restraints that influence the growth of the Europe motorized quadricycles market are also discussed in this research study. The motorized quadricycles market in the European region is studied across the countries of Germany, Italy, Russia, United Kingdom (UK), Spain, France and rest of Europe. The analysis of this market in these important geographies would give an entire perspective of motorized quadricycles in the European market. An essential market segmentation is carried out, based on which market number crunching across the aforementioned regions is performed to obtain meaningful insights and market forecast for the period of 2017-2027.
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Europe Market Study on Motorized Quadricycles: Favorable Legal Scenario of Europe
The Europe motorized quadricycles market is highly impacted by the European legal system. It is extremely favorable for motorized quadricycles and is expected to positively impact the market revenue for motorized quadricycles. Motorized quadricycles come under European Commission Directive and are exempted from crash tests. These street legal quadricycles are impeccably capable to carry out transportation duties in urban environments.
Europe Market Study on Motorized Quadricycles: Key Highlights
In Europe, France is poised to experience heavy saturation in the automotive sector. Owing to high traffic, the time needed to travel from home to office and back has increased. The government has devised various solutions to reduce the travel time, by imposing speed laws and encouraging adoption of two and three wheelers or compact four wheelers. Motorized quadricycles thus have a wide scope in France and a bright future ahead.
Also, the government has approved subsidies with a view to reduce the price of electric vehicles, hence triggering sales by making electric vehicles economically available to each and every individual. It plays a major role in taking France to the top with respect to motorized quadricycles. 2015 had seen huge investments for motorized quadricycles production to reach a target of about two million vehicles in France by the end of 2020.
France can be said to have higher market attractiveness, which has lured several key players involved in the motorized quadricycles market. It is a dominating country in Europe in this market that has experienced a supportive regulatory landscape that promotes the adoption of motorized quadricycles. Any individual above 16 years of age is suitable to drive these quadricycles as it requires only AM category. According to the market research report, in France, the entire adult population is a potential market segment for motorized quadricycles.
Light quadricycles by class type category are expected to show dominance in the Europe market of motorized quadricycles. This segment is projected to grow at a CAGR of 4.9% throughout the period of forecast 2017-2027. Light quadricycles are estimated to account for about 90 percent of the France motorized quadricycles market during the period of assessment. This segment is anticipated to be valued at about US$ 160 Mn by the end of 2027 from a market valuation of a bit less than US$ 97 Mn at the end of 2016.
Europe Market Study on Motorized Quadricycles: Key Challenges and Restraints
Sub-A is a new vehicle category, which soared the niche market that lies between quadricycles on one hand and compact passenger cars on the other. They have an electric operational type model and are cost-effective as compared to quadricycles. These vehicles are witnessing a rise in demand and manufacturers are further developing new models to suit customer needs and convenience. This category is anticipated to record high revenue sales as compared to motorized quadricycles. This aspect could severely inhibit the growth of the motorized quadricycles market in Europe.
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The rise in costs are being endured by manufacturers of quadricycles as high costs result in increased pricing to maintain the cost price to sales price balance. People can get compact cars for a few additional dollars, if they observe a price hike in motorized quadricycles. To add to this challenge several European countries have enforced stricter norms regarding emission that pose a major challenge to the market for motorized quadricycles in Europe.
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