Fun Utility Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type, By Range, By End Use, By Region

Description

Global fun utility vehicles (FUV) market may register impressive growth in the forecast period, 2023-2027, due to increasing demand for electric vehicles. Rising concerns regarding environmentally friendly vehicles will also drive the development of the global fun utility vehicles (FUV) market in the upcoming five years. Increasing concerns regarding degrading environmental conditions and the depleting atmosphere is also significant reason that is anticipated to support the growth of the global fun utility vehicles (FUV) market in the next five years.

Rising Innovations in Automotives Drive Market Growth

Rapidly growing advancements in vehicles are actively driving the growth of the global fun utility vehicle (FUV) market in the upcoming five years. Concerns for the environment, depleting resources, and surge in energy and power resource consumption are substantiating the growth of the global fun utility vehicles (FUV) market in the next five years. Exhaustive fumes and toxins released by diesel, petrol, and oil-based vehicles pose a major threat to the environment. To compensate for the non-renewable resources, the energy demands are majorly being derived by electric vehicles.

Electric vehicles are more popular among the young adult population with higher disposable incomes. According to the United Nations Department of Economic and Social Affairs, In 2019, there were about 1.2 billion youth aged 15 to 24 years in the world, or 16 percent of the global population. These are the main customer base for FUV and thus substantially support the growth of the global sun utility vehicles (FUV) market in the upcoming five years.

Growing Concerns Regarding Environment Supports Market Growth

Excessive toxic and exhaustive gases released out of automobiles cause severe damage to the environment. Along with the government, the consumers are gaining concerns and are actively supporting the motions of saving the environment from growing pollution. A surge in demand for environment-friendly vehicles and other shifts in the preferences of the consumer toward electric vehicles supports the growth of the global fun utility vehicle (FUV) market in the upcoming five years.

Moreover, increasing investments in the electric vehicle charging infrastructure and localized vendors & charging unit suppliers are further aiding the growth of the global fun utility vehicle (FUV) market in the next five years. These vehicles are well-supported and run efficiently on chargeable batteries. Multiple charging units and the effective inclination of using electric energy over combustible fuel to charge the vehicles are facilitating the growth of the global fun utility vehicle (FUV) market in the future five years.

Market Segmentation

The global fun utility vehicles (FUV) Market Segmentation is based on type, range, end-use, regional distribution, and competitive landscape. Based on type, the market is differentiated between two-wheeled and three-wheeled vehicles. By range, the market is fragmented into less than 50 miles, 50-100 miles, and above 100 miles. Based on end use, the market is bifurcated between personal, delivery, and others. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Company Profile

Arcimoto, Inc., NIO, Li Auto Inc., and Guangzhou Xiaopeng Motors Technology Co Ltd. are enlisted in a partial list of major market players in the global fun utility vehicles (FUV) market.

Report Scope

In this report, global fun utility vehicles (FUV) market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

Fun Utility Vehicles (FUV) Market, By Type:

Two-Wheeled
Three-Wheeled Vehicle

Fun Utility Vehicles (FUV) Market, By Range:

Less than 50 Miles
50-100 Miles
Above 100 Miles

Fun Utility Vehicles (FUV) Market, By End Use:

Personal
Delivery
Others

Fun utility vehicles (FUV) Market, By Region:

North America
- United States
- Mexico
- Canada

Asia-Pacific
- China
- India
- Japan
- Malaysia
- Thailand
- Indonesia
- Vietnam
- South Korea

Europe & CIS
- France
- Germany
- United Kingdom
- Spain
- Italy
- Russia

South America
- Brazil
- Argentina
- Colombia

Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
- Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global fun utility vehicles (FUV) market.

Available Customizations

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Fun Utility Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type, By Range, By End Use, By Region

Description

Table of Contents

Rising Innovations in Automotives Drive Market Growth

Growing Concerns Regarding Environment Supports Market Growth

Market Segmentation

Company Profile

Report Scope

Fun Utility Vehicles (FUV) Market, By Type:

Fun Utility Vehicles (FUV) Market, By Range:

Fun Utility Vehicles (FUV) Market, By End Use:

Fun utility vehicles (FUV) Market, By Region:

Competitive Landscape

Available Customizations

Company Information

Table of Contents

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Fun Utility Vehicle (FUV) Market

5. Voice of Customer

6. Global Fun Utility Vehicle (FUV) Market Outlook

7. North America Fun Utility Vehicle (FUV) Market Outlook

8. Asia Pacific Fun Utility Vehicle (FUV) Market Outlook

9. Europe & CIS Fun Utility Vehicle (FUV) Market Outlook

10. South America Fun Utility Vehicle (FUV) Market Outlook

11. Middle East and Africa Fun Utility Vehicle (FUV) Market Outlook

12. Market Dynamics

13. Market Trends and Developments

14. Competitive Landscape

15. Strategic Recommendations

16. About Us & Disclaimer