| Product Code: ETC12579671 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Republic of North Macedonia continues to see a significant influx of low-speed electric vehicle imports in 2024, with top exporting countries being China, Bulgaria, Poland, Hong Kong, and the Netherlands. Despite high concentration levels indicated by the HHI, the market shows strong growth potential with a notable CAGR of 24.39% from 2020 to 2024. However, there was a sharp decline in growth rate from 2023 to 2024, indicating potential challenges or shifts in the market dynamics that warrant further investigation.

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 Republic of Macedonia Low Speed Electric Vehicle Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Low Speed Electric Vehicle Market - Industry Life Cycle |
3.4 Republic of Macedonia Low Speed Electric Vehicle Market - Porter's Five Forces |
3.5 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume Share, By End user, 2021 & 2031F |
4 Republic of Macedonia Low Speed Electric Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for low speed electric vehicles |
4.2.2 Increasing environmental awareness and focus on sustainable transportation |
4.2.3 Rising fuel prices and the need for cost-effective transportation solutions |
4.3 Market Restraints |
4.3.1 Limited charging infrastructure for low speed electric vehicles |
4.3.2 High initial cost of low speed electric vehicles compared to traditional vehicles |
4.3.3 Limited variety and availability of low speed electric vehicle models |
5 Republic of Macedonia Low Speed Electric Vehicle Market Trends |
6 Republic of Macedonia Low Speed Electric Vehicle Market, By Types |
6.1 Republic of Macedonia Low Speed Electric Vehicle Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Vehicle Type, 2021 - 2031F |
6.1.3 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Passenger Vehicles, 2021 - 2031F |
6.1.4 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Heavy Duty Vehicles, 2021 - 2031F |
6.1.5 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Utility Vehicles, 2021 - 2031F |
6.1.6 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Off-Road Vehicles, 2021 - 2031F |
6.2 Republic of Macedonia Low Speed Electric Vehicle Market, By End user |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Airports, 2021 - 2031F |
6.2.3 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Residential and Commercial Premises, 2021 - 2031F |
6.2.4 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Golf Courses, 2021 - 2031F |
6.2.5 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Tourist Destinations, 2021 - 2031F |
6.2.6 Republic of Macedonia Low Speed Electric Vehicle Market Revenues & Volume, By Hotels and Resorts, 2021 - 2031F |
7 Republic of Macedonia Low Speed Electric Vehicle Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Low Speed Electric Vehicle Market Export to Major Countries |
7.2 Republic of Macedonia Low Speed Electric Vehicle Market Imports from Major Countries |
8 Republic of Macedonia Low Speed Electric Vehicle Market Key Performance Indicators |
8.1 Number of charging stations for low speed electric vehicles in the Republic of Macedonia |
8.2 Percentage of government budget allocated to incentives and subsidies for low speed electric vehicles |
8.3 Growth in the number of low speed electric vehicle registrations in urban areas |
9 Republic of Macedonia Low Speed Electric Vehicle Market - Opportunity Assessment |
9.1 Republic of Macedonia Low Speed Electric Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Republic of Macedonia Low Speed Electric Vehicle Market Opportunity Assessment, By End user, 2021 & 2031F |
10 Republic of Macedonia Low Speed Electric Vehicle Market - Competitive Landscape |
10.1 Republic of Macedonia Low Speed Electric Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Low Speed Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |