| Product Code: ETC4641098 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Maldives saw a significant rise in electric all-terrain and utility-terrain vehicle imports in 2024, with top exporters being China, Japan, USA, Turkey, and India. Despite a slight decline in growth rate from the previous year, the industry maintained a high concentration with a notable CAGR of 26.59% from 2020 to 2024. This data signals a strong market demand for eco-friendly vehicles in Maldives, showcasing a promising trend for sustainable transportation options in the region.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Industry Life Cycle |
3.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Porter's Five Forces |
3.5 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.6 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Drivetrain Type, 2021 & 2031F |
3.8 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Engine Size, 2021 & 2031F |
3.9 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Battery Capacity, 2021 & 2031F |
3.10 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.11 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume Share, By Number of wheels, 2021 & 2031F |
4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on eco-friendly transportation solutions in the Maldives |
4.2.2 Growing trend towards sustainable tourism in the region |
4.2.3 Government incentives and policies promoting the adoption of electric vehicles in the Maldives |
4.3 Market Restraints |
4.3.1 High initial cost of electric all-terrain and utility-terrain vehicles |
4.3.2 Limited charging infrastructure in remote areas of the Maldives |
4.3.3 Concerns about the durability and performance of electric vehicles in rough terrains and harsh environmental conditions |
5 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Trends |
6 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Segmentations |
6.1 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Professional Sports, 2021-2031F |
6.1.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Recreational, 2021-2031F |
6.1.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Agriculture and Utility, 2021-2031F |
6.1.5 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Military and Defense, 2021-2031F |
6.1.6 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By All-terrain Vehicle, 2021-2031F |
6.2.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Utility-terrain Vehicle, 2021-2031F |
6.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Drivetrain Type |
6.3.1 Overview and Analysis |
6.3.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Two-wheel Drive, 2021-2031F |
6.3.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Four-wheel Drive, 2021-2031F |
6.3.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By All-wheel Drive, 2021-2031F |
6.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Engine Size |
6.4.1 Overview and Analysis |
6.4.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Less than 400 CC, 2021-2031F |
6.4.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By 400 CC to 800 CC, 2021-2031F |
6.4.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By More than 800 CC, 2021-2031F |
6.5 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Battery Capacity |
6.5.1 Overview and Analysis |
6.5.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Up to 48V, 2021-2031F |
6.5.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By 48V to 72V, 2021-2031F |
6.5.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By More than 72V, 2021-2031F |
6.6 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Propulsion Type |
6.6.1 Overview and Analysis |
6.6.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By BEV, 2021-2031F |
6.6.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By PHEV, 2021-2031F |
6.6.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By HEV, 2021-2031F |
6.7 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Number of wheels |
6.7.1 Overview and Analysis |
6.7.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Four-wheeled, 2021-2031F |
6.7.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By More than four-wheeled, 2021-2031F |
6.8 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market, By Seating Capacity |
6.8.1 Overview and Analysis |
6.8.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By One-seater, 2021-2031F |
6.8.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenues & Volume, By Two-seater, 2021-2031F |
7 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Import-Export Trade Statistics |
7.1 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Export to Major Countries |
7.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Imports from Major Countries |
8 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Key Performance Indicators |
8.1 Average charging station availability per square kilometer |
8.2 Percentage of renewable energy sources powering charging stations |
8.3 Number of eco-tourism initiatives incorporating electric vehicles |
8.4 Average lifespan of electric all-terrain and utility-terrain vehicles in the Maldives |
8.5 Percentage of government budget allocated to sustainable transportation initiatives |
9 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Opportunity Assessment |
9.1 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Drivetrain Type, 2021 & 2031F |
9.4 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Engine Size, 2021 & 2031F |
9.5 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Battery Capacity, 2021 & 2031F |
9.6 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.7 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Number of wheels, 2021 & 2031F |
9.7 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Opportunity Assessment, By Seating Capacity, 2021 & 2031F |
10 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market - Competitive Landscape |
10.1 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Maldives Electric All-Terrain Vehicle and Utility-Terrain Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |