Reports and Data’s latest document, titled ‘Global Light Electric Vehicles Market - Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Light Electric Vehicles market. The report’s authors have offered necessary details on the latest Light Electric Vehicles market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Light Electric Vehicles industry entails useful insights into the estimated Light Electric Vehicles market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans. The primary addressees of this report include some of the globally renowned venture capitalists. The report offers these individuals a vivid description of the competitive spectrum of the global Light Electric Vehicles market.
Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report. The coronavirus outbreak has led to drastic changes in the current Light Electric Vehicles business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Light Electric Vehicles market growth assessed on both regional and global levels.
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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.
Market Scope:
One of the report’s central components is the broad Light Electric Vehicles market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Light Electric Vehicles market players.
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- Report Overview
1.1 Research Scope
1.2 Key Light Electric Vehicles market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
Top competitors of the Light Electric Vehicles Market profiled in the report include:
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
Emergen Research has segmented the global Light Electric Vehicles on the basis of product, fitting, application, and region:
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 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)
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Key questions addressed in the report:
- What are the key factors driving the global Light Electric Vehicles market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global Light Electric Vehicles market?
- What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?
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Light Electric Vehicles Snapshots
About Us:
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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