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Fun Utility Vehicles (FUV) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Two-Wheeled, Three-Wheeled Vehicle), By Range (Less than 50 Miles, 50-100 Miles, Above 100 Miles), By End Use (Personal, Delivery, and Others), By Region

March 2023 | 116 pages | ID: F652EF01FB55EN
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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:

Company Information
  • Detailed analysis and profiling of additional market players (up to five).
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

5.1. Factors Influencing Purchase Decision
5.2. Brand Satisfaction Level
5.3. Aided and Unaided Brand Recall

6. GLOBAL FUN UTILITY VEHICLE (FUV) MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value & Volume
6.2. Market Share & Forecast
  6.2.1. By Type (Two-Wheeled, Three-Wheeled Vehicle)
  6.2.2. By Range (Less than 50 Miles, 50-100 Miles, Above 100 Miles)
  6.2.3. By End Use (Personal, Delivery, and Others)
  6.2.4. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)
  6.2.5. By Company (2021)
6.3. Product Market Map (By Type, By Region)

7. NORTH AMERICA FUN UTILITY VEHICLE (FUV) MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value & Volume
7.2. Market Share & Forecast
  7.2.1. By Type
  7.2.2. By Range
  7.2.3. By End Use
  7.2.4. By Country (United States; Canada; Mexico)
7.3. Product Market Map (By Type, By Country)
7.4. North America: Country Analysis
  7.4.1. United States Fun Utility Vehicle (FUV) Market Outlook
    7.4.1.1. Market Size & Forecast
      7.4.1.1.1. By Value & Volume
    7.4.1.2. Market Share & Forecast
      7.4.1.2.1. By Type
      7.4.1.2.2. By Range
      7.4.1.2.3. By End Use
  7.4.2. Canada Fun Utility Vehicle (FUV) Market Outlook
    7.4.2.1. Market Size & Forecast
      7.4.2.1.1. By Value & Volume
    7.4.2.2. Market Share & Forecast
      7.4.2.2.1. By Type
      7.4.2.2.2. By Range
      7.4.2.2.3. By End Use
  7.4.3. Mexico Fun Utility Vehicle (FUV) Market Outlook
    7.4.3.1. Market Size & Forecast
      7.4.3.1.1. By Value & Volume
    7.4.3.2. Market Share & Forecast
      7.4.3.2.1. By Type
      7.4.3.2.2. By Range
      7.4.3.2.3. By End Use

8. ASIA PACIFIC FUN UTILITY VEHICLE (FUV) MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value & Volume
8.2. Market Share & Forecast
  8.2.1. By Type
  8.2.2. By Range
  8.2.3. By End Use
  8.2.4. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)
8.3. Product Market Map (By Type, By Country)
8.4. Asia Pacific: Country Analysis
  8.4.1. China Fun Utility Vehicle (FUV) Market Outlook
    8.4.1.1. Market Size & Forecast
      8.4.1.1.1. By Value & Volume
    8.4.1.2. Market Share & Forecast
      8.4.1.2.1. By Type
      8.4.1.2.2. By Range
      8.4.1.2.3. By End Use
  8.4.2. India Fun Utility Vehicle (FUV) Market Outlook
    8.4.2.1. Market Size & Forecast
      8.4.2.1.1. By Value & Volume
    8.4.2.2. Market Share & Forecast
      8.4.2.2.1. By Type
      8.4.2.2.2. By Range
      8.4.2.2.3. By End Use
  8.4.3. Japan Fun Utility Vehicle (FUV) Market Outlook
    8.4.3.1. Market Size & Forecast
      8.4.3.1.1. By Value & Volume
    8.4.3.2. Market Share & Forecast
      8.4.3.2.1. By Type
      8.4.3.2.2. By Range
      8.4.3.2.3. By End Use
  8.4.4. Malaysia Fun Utility Vehicle (FUV) Market Outlook
    8.4.4.1. Market Size & Forecast
      8.4.4.1.1. By Value & Volume
    8.4.4.2. Market Share & Forecast
      8.4.4.2.1. By Type
      8.4.4.2.2. By Range
      8.4.4.2.3. By End Use
  8.4.5. Thailand Fun Utility Vehicle (FUV) Market Outlook
    8.4.5.1. Market Size & Forecast
      8.4.5.1.1. By Value & Volume
    8.4.5.2. Market Share & Forecast
      8.4.5.2.1. By Type
      8.4.5.2.2. By Range
      8.4.5.2.3. By End Use
  8.4.6. Indonesia Fun Utility Vehicle (FUV) Market Outlook
    8.4.6.1. Market Size & Forecast
      8.4.6.1.1. By Value & Volume
    8.4.6.2. Market Share & Forecast
      8.4.6.2.1. By Type
      8.4.6.2.2. By Range
      8.4.6.2.3. By End Use
  8.4.7. Vietnam Fun Utility Vehicle (FUV) Market Outlook
    8.4.7.1. Market Size & Forecast
      8.4.7.1.1. By Value & Volume
    8.4.7.2. Market Share & Forecast
      8.4.7.2.1. By Type
      8.4.7.2.2. By Range
      8.4.7.2.3. By End Use
  8.4.8. South Korea Fun Utility Vehicle (FUV) Market Outlook
    8.4.8.1. Market Size & Forecast
      8.4.8.1.1. By Value & Volume
    8.4.8.2. Market Share & Forecast
      8.4.8.2.1. By Type
      8.4.8.2.2. By Range
      8.4.8.2.3. By End Use

9. EUROPE & CIS FUN UTILITY VEHICLE (FUV) MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value & Volume
9.2. Market Share & Forecast
  9.2.1. By Type
  9.2.2. By Range
  9.2.3. By End Use
  9.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Russia)
9.3. Product Market Map (By Type, By Country)
9.4. Europe & CIS: Country Analysis
  9.4.1. Germany Fun Utility Vehicle (FUV) Market Outlook
    9.4.1.1. Market Size & Forecast
      9.4.1.1.1. By Value & Volume
    9.4.1.2. Market Share & Forecast
      9.4.1.2.1. By Type
      9.4.1.2.2. By Range
      9.4.1.2.3. By End Use
  9.4.2. France Fun Utility Vehicle (FUV) Market Outlook
    9.4.2.1. Market Size & Forecast
      9.4.2.1.1. By Value & Volume
    9.4.2.2. Market Share & Forecast
      9.4.2.2.1. By Type
      9.4.2.2.2. By Range
      9.4.2.2.3. By End Use
  9.4.3. United Kingdom Fun Utility Vehicle (FUV) Market Outlook
    9.4.3.1. Market Size & Forecast
      9.4.3.1.1. By Value & Volume
    9.4.3.2. Market Share & Forecast
      9.4.3.2.1. By Type
      9.4.3.2.2. By Range
      9.4.3.2.3. By End Use
  9.4.4. Spain Fun Utility Vehicle (FUV) Market Outlook
    9.4.4.1. Market Size & Forecast
      9.4.4.1.1. By Value & Volume
    9.4.4.2. Market Share & Forecast
      9.4.4.2.1. By Type
      9.4.4.2.2. By Range
      9.4.4.2.3. By End Use
  9.4.5. Italy Fun Utility Vehicle (FUV) Market Outlook
    9.4.5.1. Market Size & Forecast
      9.4.5.1.1. By Value & Volume
    9.4.5.2. Market Share & Forecast
      9.4.5.2.1. By Type
      9.4.5.2.2. By Range
      9.4.5.2.3. By End Use
  9.4.6. Russia Fun Utility Vehicle (FUV) Market Outlook
    9.4.6.1. Market Size & Forecast
      9.4.6.1.1. By Value & Volume
    9.4.6.2. Market Share & Forecast
      9.4.6.2.1. By Type
      9.4.6.2.2. By Range
      9.4.6.2.3. By End Use

10. SOUTH AMERICA FUN UTILITY VEHICLE (FUV) MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value & Volume
10.2. Market Share & Forecast
  10.2.1. By Type
  10.2.2. By Range
  10.2.3. By End Use
  10.2.4. By Country (Brazil, Argentina, Colombia)
10.3. Product Market Map (By Type, By Country)
10.4. South America: Country Analysis
  10.4.1. Brazil Fun Utility Vehicle (FUV) Market Outlook
    10.4.1.1. Market Size & Forecast
      10.4.1.1.1. By Value & Volume
    10.4.1.2. Market Share & Forecast
      10.4.1.2.1. By Type
      10.4.1.2.2. By Range
      10.4.1.2.3. By End Use
  10.4.2. Argentina Fun Utility Vehicle (FUV) Market Outlook
    10.4.2.1. Market Size & Forecast
      10.4.2.1.1. By Value & Volume
    10.4.2.2. Market Share & Forecast
      10.4.2.2.1. By Type
      10.4.2.2.2. By Range
      10.4.2.2.3. By End Use
  10.4.3. Colombia Fun Utility Vehicle (FUV) Market Outlook
    10.4.3.1. Market Size & Forecast
      10.4.3.1.1. By Value & Volume
    10.4.3.2. Market Share & Forecast
      10.4.3.2.1. By Type
      10.4.3.2.2. By Range
      10.4.3.2.3. By End Use

11. MIDDLE EAST AND AFRICA FUN UTILITY VEHICLE (FUV) MARKET OUTLOOK

11.1. Market Size & Forecast
  11.1.1. By Value & Volume
11.2. Market Share & Forecast
  11.2.1. By Type
  11.2.2. By Range
  11.2.3. By End Use
  11.2.4. By Country (South Africa, Saudi Arabia, UAE, Egypt, Turkey)
11.3. Product Market Map (By Type, By Country)
11.4. Middle East and Africa: Country Analysis
  11.4.1. South Africa Fun Utility Vehicle (FUV) Market Outlook
    11.4.1.1. Market Size & Forecast
      11.4.1.1.1. By Value & Volume
    11.4.1.2. Market Share & Forecast
      11.4.1.2.1. By Type
      11.4.1.2.2. By Range
      11.4.1.2.3. By End Use
  11.4.2. Saudi Arabia Fun Utility Vehicle (FUV) Market Outlook
    11.4.2.1. Market Size & Forecast
      11.4.2.1.1. By Value & Volume
    11.4.2.2. Market Share & Forecast
      11.4.2.2.1. By Type
      11.4.2.2.2. By Range
      11.4.2.2.3. By End Use
  11.4.3. UAE Fun Utility Vehicle (FUV) Market Outlook
    11.4.3.1. Market Size & Forecast
      11.4.3.1.1. By Value & Volume
    11.4.3.2. Market Share & Forecast
      11.4.3.2.1. By Type
      11.4.3.2.2. By Range
      11.4.3.2.3. By End Use
  11.4.4. Egypt Fun Utility Vehicle (FUV) Market Outlook
    11.4.4.1. Market Size & Forecast
      11.4.4.1.1. By Value & Volume
    11.4.4.2. Market Share & Forecast
      11.4.4.2.1. By Type
      11.4.4.2.2. By Range
      11.4.4.2.3. By End Use
  11.4.5. Turkey Fun Utility Vehicle (FUV) Market Outlook
    11.4.5.1. Market Size & Forecast
      11.4.5.1.1. By Value & Volume
    11.4.5.2. Market Share & Forecast
      11.4.5.2.1. By Type
      11.4.5.2.2. By Range
      11.4.5.2.3. By End Use

12. MARKET DYNAMICS

12.1. Drivers
12.2. Challenges

13. MARKET TRENDS AND DEVELOPMENTS

14. COMPETITIVE LANDSCAPE

14.1. Company Profiles (Partial List of Leading Companies)
  14.1.1. Arcimoto, Inc.
  14.1.2. NIO
  14.1.3. Li Auto Inc.
  14.1.4. Guangzhou Xiaopeng Motors Technology Co Ltd

15. STRATEGIC RECOMMENDATIONS

16. ABOUT US & DISCLAIMER

(Note: The companies list can be customized based on the client requirements.)


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