Global Motorized Quadricycle Markets to 2022; Dominated by Bajaj Auto, Ligier Group, Mahindra & Mahindra, Polaris Industries, Renault, and Tecno Meccanica Imola

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Dublin, Dec. 07, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.

One trend in the market is launch of hydrogen fuel cell motorized quadricycle.

Vehicle makers are focusing on developing motorized quadricycles with alternative powertrain to reduce emissions and carbon footprint. Moreover, the active support from the governing bodies to promote alternative energy motorized quadricycles is encouraging the manufacturers to develop hydrogen fuel motorized quadricycles.

According to the report, one driver in the market is increasing need for an economical personal mode of transportation.

The rising need for low-cost modes of personal transportation drives the sales of motorized quadricycles in all regions. Motorized quadricycles offer a safer alternative to two-wheeler riders for commuting. Two-wheeler riders are constantly exposed to extremities of the weather. A motorized quadricycle offers increased weather protection by enclosing the occupants within a closed cabin

Further, the report states that one challenge in the market is lack of safety of motorized quadricycles.

Quadricycles are small vehicles that weigh about 450 kg with a maximum speed of about 45 miles per hour. These vehicles are built as a cost-effective mode of transportation. A large number of countries do not have a specific vehicle classification or prescribed safety standards for motorized quadricycles.

PART 05: MARKET SIZING

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY POWERTRAIN TYPE

PART 08: CUSTOMER LANDSCAPEPART 09: REGIONAL LANDSCAPE

PART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

PART 14: VENDOR ANALYSIS

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Globe Newswire: 10:21 GMT Friday 7th December 2018

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