According to the new research report published by Precedence Research, titled “Light Electric Vehicles Market (By Vehicle Category: 2-wheelers, 3-wheelers, 4-wheelers; By Application: Personal Mobility, Shared Mobility, Recreation & Sports, Commercial; By Power Output: Less than 6 kW, 6–9 kW, 9–15 kW; By Vehicle Type: e-ATV/UTV, e-bike, e-scooter, e-motorcycle; By Component) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032 (By Product: Traditional, Advanced; By Application: Pottery, Tiles, Abrasives, Sanitary wave, Bricks & pipes, Others; By End User: Medical, Industrial, Building & Construction, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032”, the global light electric vehicles market size is expected to be worth around US$ 205.76 billion by 2032 and is poised to record a yearly growth rate of 9.74% from 2023 to 2032. The study investigates several elements and their consequences on the growth of the all-wheel drive market.
This report focuses on light electric vehicles market volume and value at the global level, regional level and company level. From a global perspective, this report represents the overall light electric vehicles market size by analysing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, the Middle East & Africa, Latin America, etc.
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2032. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
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The study also provides important advancements in organic and inorganic growth strategies in the worldwide light electric vehicles market. A lot of corporations are prioritizing new launches, product approvals, and other business expansion techniques. In addition, the report offers profiles of light electric vehicles market firms and market strategies. Furthermore, the research focuses on top industry participants, providing information such as company profiles, components and services offered, recent financial data, and key developments.
Light Electric Vehicles Market Scope
| Coverage | Details |
| Market Size in 2023 | USD 89.14 Billion |
| Market Size by 2032 | USD 205.76 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 9.74% |
| Largest Market | North America |
| Segments Covered | By Vehicle Category, By Application, By Power Output, By Component and By Vehicle Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
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Market Key Players
Company profiles have been included in the report, which include essentials such as product portfolio, key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting market status and predicting the competition level in the light electric vehicles market.
Some of the prominent players in the light electric vehicles market include
- Accelerated Systems Inc.
- Addax Motors
- Aisin Corporation
- Alke, American Landmaster
- Ari Motors
- Auro Robotics
- Auto Rennen India
- Balkancar Record
- BMW AG
- Borgwarner Inc.
- Byd Auto Co. Ltd.
- Cfmoto, Club Car Inc.
- Columbia Vehicle Group Inc.
- Continental AG
- Crossfire Motorcycles
- Crystalyte Motors
Light Electric Vehicles Market Segmentations
By Vehicle Category
- 2-wheelers
- 3-wheelers
- 4-wheelers
By Application
- Personal Mobility
- Shared Mobility
- Recreation & Sports
- Commercial
By Power Output
- Less than 6 kW
- 6–9 kW
- 9–15 kW
By Component
- Battery pack
- Electric motor (Propulsion Motor)
- Motor controller
- Inverters
- Power Controller
- E-brake booster
- Power Electronics
By Vehicle Type
- e-ATV/UTV
- e-bike
- e-scooter
- e-motorcycle
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Report Objectives
- To define, segment, and project the global market size for light electric vehicles market
- To understand the structure of the market by identifying its various sub-segments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyse the micro-markets, with respect to individual growth trends, future prospects, and their contributions to the total market
- To project the size of the market and its submarkets, in terms of value, with respect to global. (along with their respective key countries)
- To profile key players and comprehensively analyse their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across the globe.
- To analyse the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements
Why should you invest in this report?
If you are aiming to enter the global light electric vehicles market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for light electric vehicles are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2023-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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