Fun Utility Vehicle (FUV) Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Innovation in Automotive Industry
- Growing Climatic Concerns Regarding Vehicular Pollution
Challenges
- Lack of Awareness amongst the Masses
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Fun Utility Vehicle (FUV) Market size is anticipated to witness lucrative growth rate during the forecast period i.e., between 2025-2037.
Growing demand for environmentally friendly vehicles will impel the market growth.
North America industry is estimated to dominate majority revenue share by 2037, on the back of growing adoption of electric vehicles, backed by high investment in development of environment friendly vehicles.
The major players in the market include Arcimoto, Inc., NIO, Li Auto Inc., Guangzhou Xiaopeng Motors Technology Co Ltd., and more.
