Europe Motorized Quadricycle Market: Industry Analysis and Forecast (2024-2030)

The light quadricycles segment is estimated to have the dominant market share by 2030. Approximately 80% of Europe's electricity quadricycle revenue in 2023 is expected to come from lightweight quadricycles. However, the demand for electric four-wheeled vehicles is expected to be lower than the demand for electric four-wheeled vehicles equipped with conventional fuel engines. By the end of 2030, more than 68% of Europe's powered four-wheeled vehicles will come from traditional fuel-powered four-wheeled vehicles.