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(2023-2032) Light Electric Vehicles Global Market Trends And Forecast Report | By Types, Applications, Regions And Players Include Polaris Inc., Jiangsu Xinri E-Vehicle Co. Ltd., Deere & Company, Yamaha Motor Co. Ltd., Club CarLLC
Light Electric Vehicles Global Market
Light Electric Vehicles Market Size, Growth Rate, And Forecast
The global light electric vehicles market size is expected to grow from $71.17 billion in 2022 to $78.21 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global light electric vehicles market size is expected to grow to $111.58 billion in 2027 at a CAGR of 9.3%.
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Light Electric Vehicles Market Drivers
The rising demand for e-motorcycles is expected to boost the growth of the light electric vehicle market going forward. An e-motorcycle, also known as an electric motorcycle, is a type of motorcycle that is powered by an electric motor rather than a traditional gasoline engine. E-motorcycle is a also a type of light electric vehicle which is known for being environmentally friendly and more efficient than traditional motorcycles, as it produces no emissions and have lower energy consumption. Thus, the rising demand for e-motorcycles will drive demand for light electric vehicles
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Light Electric Vehicles Market Segments
• By Product: Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)
• By Component Type: Battery Pack, Electric motor, Motor controller, Inverters, Power controller, E-brakes controller, Power electronics
• By Power Output: Less than 6kW, 6-9 Kw, 9-15 Kw
• By Vehicle Type: e-ATV, e-bike, e-scooter, e-motorcycle, neighborhood electric vehicle, e-lawn mower, Electric industrial vehicle, Autonomous forklifts, Automated guided vehicles
• By Application: Personal Mobility, Shared Mobility, Recreation and Sport, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Light Electric Vehicles market.
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Light Electric Vehicles Market Key Players
Major competitors in the Light Electric Vehicles market include Polaris Inc., Jiangsu Xinri E-Vehicle Co. Ltd., Deere & Company, Yamaha Motor Co. Ltd., Club CarLLC, BMW Group, Toyota Industries Corporation, Accell Group
The Business Research Company's "Global Light Electric Vehicles Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Light Electric Vehicles Market Include:
1. Executive Summary
2. Light Electric Vehicles Market Characteristics
3. Light Electric Vehicles Market Trends And Strategies
4. Light Electric Vehicles Market - Macro Economic Scenario
5. Light Electric Vehicles Market Size And Growth
………
27. Light Electric Vehicles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Light Electric Vehicles Market
29. Light Electric Vehicles Market Future Outlook and Potential Analysis
30. Appendix
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