The Global Light Electric Vehicles Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
The global Light Electric Vehicles (LEVs) market size was USD 78.50 Billion in 2022 and is expected to register a rapid revenue CAGR of 9.3% during the forecast period. Rising focus of consumers toward using environment-friendly and sustainable transportation solution and increasing government regulations for lowering carbon emissions in the environment are key factors driving market revenue growth. LEVs are typically smaller and lighter than traditional automobiles and are powered with the help of electric motors and rechargeable batteries, which include electric bicycles, electric scooters, electric motorcycles, and other similar forms of transportation. In addition, governments in various countries are taking initiatives to ensure zero emissions in the environment, which is another key factor driving revenue growth of the market. For instance, the government of Netherlands is aiming to use EVs with zero emissions for government and commercial purposes by the end of 2025. Also, governments of developed countries, such as Canada and Mexico, are providing tax benefits to Electric Vehicle (EV) holders and at different stages of EV deployment, purchase, and charging in the country. Thus, consumers are becoming encouraged to purchase light EVs for personal transportation purposes, which is rising demand for LCVs in the global market.
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Furthermore, the report provides a comprehensive analysis of the impact of the COVID-19 crisis on the market. It offers detailed insights into the impact of COVID-19 on the industry at a regional level and industry level. The report also covers the developments and government regulations related to COVID-19. The report further analyzes the current and future impact of COVID-19 on the global market and provides an insight into the post-COVID-19 situation.
Key Points of Light Electric Vehicles Market:
- Extensive coverage of the analysis of the Light Electric Vehicles Market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Light Electric Vehicles Market
- Complete data about the key manufacturers and vendors in the Light Electric Vehicles Market
The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are Polaris Inc., Jiangsu XINRI Co., Ltd., Deere Company, Yamaha Motor Co., Ltd., CLUB CAR, BMW Group, Toyota Industries Corporation, Accell Group, Mahindra Mahindra Ltd., and GOVECS AG
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Light Electric Vehicles market expected to boost the growth of the industry in the coming years.
Light Electric Vehicles Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019-2032)
- Hybrid Electric Vehicle (HEV)
- Plug-in Hybrid Electric Vehicle (PHEV)
- Battery Electric Vehicle (BEV)
Component Outlook (Revenue, USD Billion; 2019-2032)
- Battery Pack
- Electric Motor
- Motor Controller
- Inverters
- Power Controller
- E-Brakes Controller
- Power Electronics
Power Output Outlook (Revenue, USD Billion; 2019-2032)
- Less than 6KW
- 6 – 9KW
- 9 – 15KW
Key Objectives of the Report:
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Light Electric Vehicles market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Regional Analysis of the Light Electric Vehicles Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
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Highlights of Table of Contents (TOC):
- Overview of Global Light Electric Vehicles Market
- Competitive analysis of the Light Electric Vehicles market
- Regional analysis of Global Light Electric Vehicles market production and revenue
- Regional analysis of Global Light Electric Vehicles market supply, consumption, and export import
- Type-based market analysis of global Light Electric Vehicles production, revenue, and price trends
- Application-based analysis of the global Light Electric Vehicles market
- Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Light Electric Vehicles market
- Conclusion of the research report
- Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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