The new report titled ‘Global Light Electric Vehicles Market,’ published by Emergen Research, is a vivid presentation of the global Light Electric Vehicles market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Light Electric Vehicles industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the Light Electric Vehicles market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions.
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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This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Light Electric Vehicles business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
Competitive Outlook:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Light Electric Vehicles market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
Leading companies operating across the global Light Electric Vehicles market:
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
Report Highlights:
- Besides offering a vivid depiction of the global Light Electric Vehicles business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Analysis of the Light Electric Vehicles Market Includes:
- 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)
Key Features of the Light Electric Vehicles Market Report:
- The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
- The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
- Evaluation of key current and emerging market trends and growth prospects
- It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
- Brief overview of industry with regards to research and development, technological advancements, and product development
- In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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ToC of the Report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Look Over transcripts provided by Emergen Research
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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