The Global Light Electric Vehicle market emerges the market growth owing to the standard power grid and lower operating cost
The Global light electric vehicle sales is anticipated to reach to 4.2 million units by 2027. The rising demand for the two and three-wheeled vehicles, lightweight, and cost-efficient vehicles is propelling the market demand for the global light electric vehicle market.
The LEV is flexible in transportation and has less operational and maintenance costs as it runs on electricity. Moreover, with emerging technology, advance features such as sensors in a light electric vehicle will fuel its demand in the future.
Moreover, the light electric vehicle has solved the problem of charging, which restricted the growth of battery vehicles in the market. Thus, electric vehicles have a high battery life and can charge at home without going to charging stations.
Furthermore, light electric vehicles are more reliable and safer to use than other vehicles. They have a high power range from 1kw to 10 kW, which is sufficient for the shorter distance traveling. Therefore, a light electric vehicle will propel the market growth in the forecast period.
Type Overview in the Global light electric vehicle Market
Based on type, the global light electric vehicle market classified into Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV). The Hybrid electric vehicle (HEV) segment has captured the highest market value in the comprehensive light electric vehicle market in the forecast period from 2020-2027. The hybrid electric vehicle comprises two engines, one for gasoline and another consist of electric motor. The twin-engine helps in reducing the cost of the fuel and as well as an electrical charge. The hybrid engine performs multiple functioning in the vehicle to save energy and minimizes the pollution level.
End-user Overview in the Global light electric vehicle Market
Based on the End-user, the global light electric vehicle segmented into E-forklifts, Light utility vehicles (LUVs), Low-speed electric vehicles (LSEVs / micro EVs), E-motorbikes, E-golf carts. The Low-speed electric vehicles (LSEVs / micro EVs) segment has dominated the market share of the global light electric vehicle market. The low-speed electric vehicles used for shorter distance traveling are a reliable, flexible, and cost-effective vehicle for the public. The speed of the vehicle is 20 miles per hour, which is useful for short traveling. Also, light electric vehicles are easily manageable, cost-effective, require less maintenance, and improves mobility and save the environment as well.
Region Overview in the Global light electric vehicle Market
Based on geography, the global light electric vehicle market segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa The Asia Pacific region will be expecting to witness the highest growth during the forecast period from 2020-2027. It is mainly owing to the adoption of the electric two-wheelers market in the market, which has fueled the market demand for light electric vehicles. Moreover, with various practical and economic benefits of the electric vehicle helps in propelling the market demand for the global light electric vehicle market.
Global light electric vehicle Market: Competitive Landscape
Companies such as Systems, Inc., AESC, Altair Nano Technologies, BAK, Blue Energy Co. Ltd., BYD Auto, CALB, CBAK Energy Technology Inc, Continental AG, Deutsche ACCUmotive, Electrovaya, Enerdel, EnerSys, Enertech, E-One Moli Energy, Exide Technologies, Gotian Inc, GS Yuasa Corp, Hitachi Vehicle Energy Ltd, and others are key players in the global light electric vehicle market.
Global Light Electric Vehicle Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Economic Factor Analysis 4.1.1. Drivers 4.1.2. Trends 4.1.3. Opportunities 4.1.4. Challenges 4.2. Competitors & Product Analysis 4.3. Regulatory Framework 4.4. Company market share analysis, 2019 4.5. Porter's Five forces analysis 4.6. New Investment Analysis 4.7. PESTEL Analysis 5. Global Light Electric Vehicle Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Type 5.2.1.1. Hybrid Electric Vehicle (HEV) 5.2.1.2. Plug-in Hybrid Electric Vehicle (PHEV) 5.2.1.3. Battery Electric Vehicle (BEV) 5.2.2. By End-User 5.2.2.1. E-forklifts 5.2.2.2. Light utility vehicles (LUVs) 5.2.2.3. Low speed electric vehicles (LSEVs / micro EVs) 5.2.2.4. E-motorbikes 5.2.2.5. E-golf carts 5.2.3. By Region 5.2.3.1. Europe 5.2.3.2. North America 5.2.3.3. Asia Pacific 5.2.3.4. South America 5.2.3.5. Middle East & Africa 6. Europe Light Electric Vehicle Market Overview 6.1. Europe Light Electric Vehicle Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.2. Europe Light Electric Vehicle Market Share & Forecast, 2016-2027 6.2.1. By Type 6.2.1.1. Hybrid Electric Vehicle (HEV) 6.2.1.2. Plug-in Hybrid Electric Vehicle (PHEV) 6.2.1.3. Battery Electric Vehicle (BEV) 6.2.2. By End-User 6.2.2.1. E-forklifts 6.2.2.2. Light utility vehicles (LUVs) 6.2.2.3. Low speed electric vehicles (LSEVs / micro EVs) 6.2.2.4. E-motorbikes 6.2.2.5. E-golf carts 6.2.3. By Country 6.2.3.1. Germany 6.2.3.2. UK 6.2.3.3. France 6.2.3.4. Italy 6.2.3.5. Rest of Europe 6.2.4. Company Market Share (Top 3-5) 6.2.5. Economic Impact Study on Europe Light Electric Vehicle Market 7. North America Light Electric Vehicle Market Overview 7.1. North America Light Electric Vehicle Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.2. North America Light Electric Vehicle Market Share & Forecast, 2016-2027 7.2.1. By Type 7.2.1.1. Hybrid Electric Vehicle (HEV) 7.2.1.2. Plug-in Hybrid Electric Vehicle (PHEV) 7.2.1.3. Battery Electric Vehicle (BEV) 7.2.2. By End-User 7.2.2.1. E-forklifts 7.2.2.2. Light utility vehicles (LUVs) 7.2.2.3. Low speed electric vehicles (LSEVs / micro EVs) 7.2.2.4. E-motorbikes 7.2.2.5. E-golf carts 7.2.3. By Country 7.2.3.1. US 7.2.3.2. Canada 7.2.3.3. Mexico 7.2.4. Company Market Share (Top 3-5) 7.2.5. Economic Impact Study on North America Light Electric Vehicle Market 8. Asia Pacific Light Electric Vehicle Overview 8.1. Asia Pacific Light Electric Vehicle Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.2. Asia Pacific Light Electric Vehicle Market Share & Forecast, 2016-2027 8.2.1. By Type 8.2.1.1. Hybrid Electric Vehicle (HEV) 8.2.1.2. Plug-in Hybrid Electric Vehicle (PHEV) 8.2.1.3. Battery Electric Vehicle (BEV) 8.2.2. By End-User 8.2.2.1. E-forklifts 8.2.2.2. Light utility vehicles (LUVs) 8.2.2.3. Low speed electric vehicles (LSEVs / micro EVs) 8.2.2.4. E-motorbikes 8.2.2.5. E-golf carts 8.2.3. By Country 8.2.3.1. China 8.2.3.2. India 8.2.3.3. Japan 8.2.3.4. Australia 8.2.3.5. Rest of Asia Pacific 8.2.4. Company Market Share (Top 3-5) 8.2.5. Economic Impact Study on Asia Pacific Light Electric Vehicle Market 9. South America Light Electric Vehicle Market Overview 9.1. South America Light Electric Vehicle Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.2. South America Light Electric Vehicle Market Share & Forecast, 2016-2027 9.2.1. By Type 9.2.1.1. Hybrid Electric Vehicle (HEV) 9.2.1.2. Plug-in Hybrid Electric Vehicle (PHEV) 9.2.1.3. Battery Electric Vehicle (BEV) 9.2.2. By End-User 9.2.2.1. E-forklifts 9.2.2.2. Light utility vehicles (LUVs) 9.2.2.3. Low speed electric vehicles (LSEVs / micro EVs) 9.2.2.4. E-motorbikes 9.2.2.5. E-golf carts 9.2.3. By Country 9.2.3.1. Brazil 9.2.3.2. Argentina 9.2.3.3. Rest of South America 9.2.4. Company Market Share (Top 3-5) 9.2.5. Economic Impact Study on South America Light Electric Vehicle Market 10. Middle East & Africa Light Electric Vehicle Market Overview 10.1. Middle East & Africa Light Electric Vehicle Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.2. Middle East & Africa Light Electric Vehicle Market Share & Forecast, 2016-2027 10.2.1. By Type 10.2.1.1. Hybrid Electric Vehicle (HEV) 10.2.1.2. Plug-in Hybrid Electric Vehicle (PHEV) 10.2.1.3. Battery Electric Vehicle (BEV) 10.2.2. By End-User 10.2.2.1. E-forklifts 10.2.2.2. Light utility vehicles (LUVs) 10.2.2.3. Low speed electric vehicles (LSEVs / micro EVs) 10.2.2.4. E-motorbikes 10.2.2.5. E-golf carts 10.2.3. By Country 10.2.3.1. Saudi Arabia 10.2.3.2. UAE 10.2.3.3. South Africa 10.2.3.4. Rest of Middle East & Africa 10.2.4. Company Market Share (Top 3-5) 10.2.5. Economic Impact Study on Middle East & Africa Light Electric Vehicle Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1.1. A123 Systems, Inc. 11.7.1.2. AESC 11.7.1.3. Altair Nano Technologies 11.7.1.4. BAK 11.7.1.5. Blue Energy Co. Ltd. 11.7.1.6. BYD Auto 11.7.1.7. CALB 11.7.1.8. CBAK Energy Technology Inc 11.7.1.9. Continental AG 11.7.1.10. Deutsche ACCUmotive 11.7.1.11. Electrovaya 11.7.1.12. Enerdel 11.7.1.13. EnerSys 11.7.1.14. Enertech 11.7.1.15. E-One Moli Energy 11.7.1.16. Exide Technologies 11.7.1.17. Gotian Inc 11.7.1.18. GS Yuasa Corp 11.7.1.19. Hitachi Vehicle Energy Ltd 11.7.1.20. Other players
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