Global Light Electric Vehicles Market Report 2024

Light Electric Vehicles Global Market Report 2024 – 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) – Market Size, Trends, And Global Forecast 2024-2033

Light Electric Vehicles Global Market Report 2024

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Light Electric Vehicles Market Definition And Segments

A light electric vehicle or LEV refers to a land vehicle with two or three wheels, an electric motor, and an energy storage system like a battery or fuel cell. Its normal weight is less than 100kg. Most LEVs are e-bikes. These bikes have a throttle that allows for power-on-demand operation.

The main products of light electric vehicles are hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), and battery electric vehicles (BEV). An electric all-terrain vehicle (ATV) is a motorized off-highway vehicle with a straddle-style seat, handlebars for steering, and four low-pressure or non-pneumatic tires. Its components include battery pack, electric motor, motor controller, inverters, power controller, e-brakes controller, and power electronics with a power output of less than 6 kW, 6-9 kW, and 9-15 kW. Various vehicles include e-ATV, e-bikes, e-scooter, e-motorcycle, neighborhood electric vehicles, e-lawn mowers, electric industrial vehicles, autonomous forklifts, and automated guided vehicles used for applications such as personal mobility, shared mobility, recreation, and sport, and commercial.

The light electric vehicle market covered in this report is segmented –

1) By Product: Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)

2) By Component Type: Battery Pack, Electric motor, Motor controller, Inverters, Power controller, E-brakes controller, Power electronics

3) By Power Output: Less than 6kW, 6-9 Kw, 9-15 Kw

4) 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

5) By Application: Personal Mobility, Shared Mobility, Recreation and Sport, Commercial

The light electric vehicles market size has grown strongly in recent years. It will grow from $77.82 billion in 2023 to $85.55 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to urbanization and congestion issues, environmental awareness and sustainability, government incentives and policies, rising fuel costs, last-mile connectivity solutions.

The light electric vehicles market size is expected to see strong growth in the next few years. It will grow to $124.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to technological innovations in battery technology, urban mobility solutions integration, e-commerce and delivery services growth, changing consumer lifestyles, government commitment to green transportation. Major trends in the forecast period include focus on lightweight and foldable designs, government incentives and regulations, advancements in battery technology, integration with smart city initiatives, expansion of electric micro-mobility options.

Surging Demand For E-Motorcycles Propels Growth In Light Electric Vehicle Market

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. For instance, in January 2021, according to the Australian Bureau of Statistics, an independent statutory agency of the Australian Government, in Australia, registrations for electric motorcycles increased from 1,308 in 2020 to 2,706 in 2021. Therefore, the rising demand for e-motorcycles drives the light electric vehicle market.

Government Incentives Drive Growth In Light Electric Vehicle Market

Increasing government initiatives and subsidies are expected to propel the growth of the light electric vehicle market going forward. Government initiatives and subsidies play a significant role in shaping various sectors, including energy and transportation. These subsidies can take the form of grants, tax incentives, or direct financial support to promote specific activities or technologies. Government initiatives and subsidies play a crucial role in promoting the adoption of electric vehicles (EVs) by reducing the higher upfront costs and making them more accessible to consumers. These subsidies can take the form of tax credits, cash rebates, or reduced registration and licensing fees, and they aim to make electric vehicles more affordable and accessible to a wider audience. For instance, in 2023, according to an International Energy Agency (IEA) report, the electric car market is experiencing exponential growth, with sales expected to exceed 14 million by the end of 2023, representing a 35% year-on-year increase. The report highlights that ambitious policy announcements continue to be critical to the growth of electric vehicle markets. Therefore, the increasing government initiatives and subsidies are driving the light electric vehicle market.

Major companies operating in the light electric vehicles market report are Stellantis N.V., General Motors Company, Bayerische Motoren Werke AG, Giant Manufacturing Co Ltd., Tesla, Inc., Nissan Motor Co, Ltd., BYD Company Limited, Deere & Company, AB Volvo, Toyota Industries Corporation, Yamaha Motor Co Ltd., Mahindra & Mahindra Limited, Textron Inc., Kion Group AG, Polaris Inc., NIO Inc., Jiangsu Xinri E-Vehicle Co Ltd., Yadea Technology Group Co Ltd., XPeng Inc., Godrej & Boyce Manufacturing Company Limited, Rivian Automotive, Inc., Accell Group NV, Merida Industry Co Ltd., Lucid Motors, Inc., Club Car LLC, Gogoro Inc., Vmoto Limited, Columbia Vehicle Group Inc., Hero Electric Vehicles Pvt Ltd., Govecs AG

Market Leaders Drive Growth Through Innovative Solutions In Light Electric Vehicles

Product innovation is a key trend gaining popularity in the light electric vehicles market. Major companies operating in the light electric vehicles market are focused on developing innovative products to strengthen their position in the market. For instance, in June 2021, E-Z-GO, a US-based company that manufactures personal, golf, and utility vehicles launched E-Z-GO Liberty. The first vehicle in its field to provide four forward-facing seats in a small, golf-cart-sized footprint. It offers a roomy second row for passengers and plenty of storage space while having a shorter wheelbase than other industry models with four forward-facing seats. Comparing it to other cars, its shorter wheelbase gives improved maneuverability and a smaller turning radius. Customers can select from a range of golf cart attachments, such as a cargo storage holder or golf bag holder, that attach to Liberty's 2-inch rear universal hitch receiver.

Innovative Technologies Transform Light Electric Vehicle Market Landscape

Major companies operating in the light electric vehicle market are developing products with advanced technologies, such as the smart EV charger, which refers to an electric vehicle charging station equipped with advanced technology for features like remote monitoring, scheduling, and energy management, enhancing efficiency and user control. It enables users to optimize charging processes and integrate with smart grid systems for better overall performance. For instance, in February 2022, Wallbox N.V. and Polaris Inc. announced a new collaboration in the United States and Canada. Polaris, a leading off-road vehicle manufacturer, agreed to sell the 40-amp version of Wallbox's best-selling charger, the Pulsar Plus, directly to their off-road electric vehicle (EV) customers. In this release of the Ranger XP Kinetic electric side-by-side, Polaris announced a partnership with Wallbox to ship new 40-amp chargers.

Club Car Expands Global Presence With Acquisition Of Garia A/S And Melex Brands

In June 2022, Club Car Inc., a US-based company that manufactures electric and gas-powered golf carts and small utility vehicles for personal and commercial use acquired Garia A/S along with its brand Melex for an undisclosed amount. The acquisition will help in expanding united brands' reach globally. Garia A/S is a Denmark-based premium electric utility vehicles and golf car manufacturer.

Asia-Pacific was the largest region in the light electric vehicles market in 2023. North America is expected to be the fastest-growing region in the global light electric vehicles market during the forecast period. The regions covered in the light electric vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the light electric vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The light electric vehicles market consists of sales of micro electric vehicles, e-moped, e-rickshaw, and electric quadricycles that are used for personal commute, shared public transport and to carry goods. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The light electric vehicles market research report is one of a series of new reports from The Business Research Company that provides light electric vehicles market statistics, including light electric vehicles industry global market size, regional shares, competitors with a light electric vehicles market share, detailed light electric vehicles market segments, market trends and opportunities, and any further data you may need to thrive in the light electric vehicles industry. This light electric vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Light Electric Vehicles Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $85.55 billion
Revenue Forecast In 2033 $124.17 billion
Growth Rate CAGR of 9.8% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Product: Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)
2) By Component Type: Battery Pack, Electric motor, Motor controller, Inverters, Power controller, E-brakes controller, Power electronics
3) By Power Output: Less than 6kW, 6-9 Kw, 9-15 Kw
4) 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
5) By Application: Personal Mobility, Shared Mobility, Recreation and Sport, Commercial
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled Stellantis N.V.; General Motors Company; Bayerische Motoren Werke AG; Giant Manufacturing Co. Ltd.; Tesla, Inc.; Nissan Motor Co., Ltd.; BYD Company Limited; Deere & Company; AB Volvo; Toyota Industries Corporation; Yamaha Motor Co. Ltd.; Mahindra & Mahindra Limited; Textron Inc.; Kion Group AG; Polaris Inc.; NIO Inc.; Jiangsu Xinri E-Vehicle Co. Ltd.; Yadea Technology Group Co. Ltd.; XPeng Inc.; Godrej & Boyce Manufacturing Company Limited; Rivian Automotive, Inc.; Accell Group NV; Merida Industry Co. Ltd.; Lucid Motors, Inc.; Club Car LLC; Gogoro Inc.; Vmoto Limited; Columbia Vehicle Group Inc.; Hero Electric Vehicles Pvt. Ltd.; Govecs AG
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    Table Of Contents

    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

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Light Electric Vehicles Market Size and Growth

    5.1. Global Light Electric Vehicles Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Light Electric Vehicles Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Light Electric Vehicles Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Light Electric Vehicles Market Segmentation

    6.1. Global Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Hybrid Electric Vehicle (HEV)

    Plug-in Hybrid Electric Vehicle (PHEV)

    Battery Electric Vehicle (BEV)

    6.2. Global Light Electric Vehicles Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Battery Pack

    Electric motor

    Motor controller

    Inverters

    Power controller

    E-brakes controller

    Power electronics

    6.3. Global Light Electric Vehicles Market, Segmentation By Power Output, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Less than 6kW

    6-9 Kw

    9-15 Kw

    6.4. Global Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    e-ATV

    e-bike

    e-scooter

    e-motorcycle

    neighborhood electric vehicle

    e-lawn mower

    Electric industrial vehicle

    Autonomous forklifts

    Automated guided vehicles

    6.5. Global Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Personal Mobility

    Shared Mobility

    Recreation and Sport

    Commercial

    7. Light Electric Vehicles Market Regional And Country Analysis

    7.1. Global Light Electric Vehicles Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Light Electric Vehicles Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Light Electric Vehicles Market

    8.1. Asia-Pacific Light Electric Vehicles Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Light Electric Vehicles Market

    9.1. China Light Electric Vehicles Market Overview

    9.2. China Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Light Electric Vehicles Market

    10.1. India Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Light Electric Vehicles Market

    11.1. Japan Light Electric Vehicles Market Overview

    11.2. Japan Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Light Electric Vehicles Market

    12.1. Australia Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Light Electric Vehicles Market

    13.1. Indonesia Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Light Electric Vehicles Market

    14.1. South Korea Light Electric Vehicles Market Overview

    14.2. South Korea Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Light Electric Vehicles Market

    15.1. Western Europe Light Electric Vehicles Market Overview

    15.2. Western Europe Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Light Electric Vehicles Market

    16.1. UK Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Light Electric Vehicles Market

    17.1. Germany Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Light Electric Vehicles Market

    18.1. France Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Light Electric Vehicles Market

    19.1. Italy Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Light Electric Vehicles Market

    20.1. Spain Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Light Electric Vehicles Market

    21.1. Eastern Europe Light Electric Vehicles Market Overview

    21.2. Eastern Europe Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Light Electric Vehicles Market

    22.1. Russia Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Light Electric Vehicles Market

    23.1. North America Light Electric Vehicles Market Overview

    23.2. North America Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Light Electric Vehicles Market

    24.1. USA Light Electric Vehicles Market Overview

    24.2. USA Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Light Electric Vehicles Market

    25.1. Canada Light Electric Vehicles Market Overview

    25.2. Canada Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Light Electric Vehicles Market

    26.1. South America Light Electric Vehicles Market Overview

    26.2. South America Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Light Electric Vehicles Market

    27.1. Brazil Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Light Electric Vehicles Market

    28.1. Middle East Light Electric Vehicles Market Overview

    28.2. Middle East Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Light Electric Vehicles Market

    29.1. Africa Light Electric Vehicles Market Overview

    29.2. Africa Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Light Electric Vehicles Market Competitive Landscape And Company Profiles

    30.1. Light Electric Vehicles Market Competitive Landscape

    30.2. Light Electric Vehicles Market Company Profiles

    30.2.1. Stellantis N.V.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. General Motors Company

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Bayerische Motoren Werke AG

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Giant Manufacturing Co. Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Tesla, Inc.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Light Electric Vehicles Market Other Major And Innovative Companies

    31.1. Nissan Motor Co., Ltd.

    31.2. BYD Company Limited

    31.3. Deere & Company

    31.4. AB Volvo

    31.5. Toyota Industries Corporation

    31.6. Yamaha Motor Co. Ltd.

    31.7. Mahindra & Mahindra Limited

    31.8. Textron Inc.

    31.9. Kion Group AG

    31.10. Polaris Inc.

    31.11. NIO Inc.

    31.12. Jiangsu Xinri E-Vehicle Co. Ltd.

    31.13. Yadea Technology Group Co. Ltd.

    31.14. XPeng Inc.

    31.15. Godrej & Boyce Manufacturing Company Limited

    32. Global Light Electric Vehicles Market Competitive Benchmarking

    33. Global Light Electric Vehicles Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Light Electric Vehicles Market

    35. Light Electric Vehicles Market Future Outlook and Potential Analysis

    35.1 Light Electric Vehicles Market In 2028 - Countries Offering Most New Opportunities

    35.2 Light Electric Vehicles Market In 2028 - Segments Offering Most New Opportunities

    35.3 Light Electric Vehicles Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Light Electric Vehicles Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Light Electric Vehicles Market, Segmentation By Power Output, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Light Electric Vehicles Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Global Light Electric Vehicles Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: Asia-Pacific, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: China, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: India, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Japan, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Australia, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: Indonesia, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: South Korea, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: Western Europe, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: UK, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: Germany, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: France, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Italy, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Spain, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Eastern Europe, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: Russia, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: North America, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: USA, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: Canada, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: South America, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Brazil, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Middle East, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Africa, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 76: Stellantis N.V. Financial Performance
  • Table 77: General Motors Company Financial Performance
  • Table 78: Bayerische Motoren Werke AG Financial Performance
  • Table 79: Giant Manufacturing Co. Ltd. Financial Performance
  • Table 80: Tesla, Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Light Electric Vehicles Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Light Electric Vehicles Market, Segmentation By Power Output, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Light Electric Vehicles Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Global Light Electric Vehicles Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: Asia-Pacific, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: China, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: India, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Japan, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Australia, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: Indonesia, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: South Korea, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: Western Europe, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: UK, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: Germany, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: France, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Italy, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Spain, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Eastern Europe, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: Russia, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: North America, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: USA, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: Canada, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: South America, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Brazil, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Middle East, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Light Electric Vehicles Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Light Electric Vehicles Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Africa, Light Electric Vehicles Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 76: Stellantis N.V. Financial Performance
  • Figure 77: General Motors Company Financial Performance
  • Figure 78: Bayerische Motoren Werke AG Financial Performance
  • Figure 79: Giant Manufacturing Co. Ltd. Financial Performance
  • Figure 80: Tesla, Inc. Financial Performance
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Frequently Asked Questions

What is the definition of the light electric vehicles market?

A light electric vehicle or LEV refers to a land vehicle with two or three wheels, an electric motor, and an energy storage system like a battery or fuel cell. Its normal weight is less than 100kg. Most LEVs are e-bikes. These bikes have a throttle that allows for power-on-demand operation. For further insights on the light electric vehicles market, request a sample here

How will the light electric vehicles market drivers and restraints affect the light electric vehicles market dynamics? What forces will shape the light electric vehicles industry going forward?

The light electric vehicles market major growth driver - surging demand for e-motorcycles propels growth in light electric vehicle market. For further insights on the light electric vehicles market, request a sample here

What is the forecast market size or the forecast market value of the light electric vehicles market ?

The light electric vehicles market size has grown strongly in recent years. It will grow from $77.82 billion in 2023 to $85.55 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to urbanization and congestion issues, environmental awareness and sustainability, government incentives and policies, rising fuel costs, last-mile connectivity solutions. The light electric vehicles market size is expected to see strong growth in the next few years. It will grow to $124.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to technological innovations in battery technology, urban mobility solutions integration, e-commerce and delivery services growth, changing consumer lifestyles, government commitment to green transportation. Major trends in the forecast period include focus on lightweight and foldable designs, government incentives and regulations, advancements in battery technology, integration with smart city initiatives, expansion of electric micro-mobility options. For further insights on the light electric vehicles market, request a sample here

How is the light electric vehicles market segmented?

The light electric vehicles market is segmented
1) By Product: Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicle (BEV)
2) By Component Type: Battery Pack, Electric motor, Motor controller, Inverters, Power controller, E-brakes controller, Power electronics
3) By Power Output: Less than 6kW, 6-9 Kw, 9-15 Kw
4) 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
5) By Application: Personal Mobility, Shared Mobility, Recreation and Sport, CommercialFor further insights on the light electric vehicles market, request a sample here

Which region has the largest share of the light electric vehicles market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the light electric vehicles market in 2023. North America is expected to be the fastest-growing region in the global light electric vehicles market during the forecast period. The regions covered in the light electric vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the light electric vehicles market, request a sample here.

Who are the major players in the light electric vehicles market?

Major companies operating in the light electric vehicles market report are Stellantis N.V., General Motors Company, Bayerische Motoren Werke AG, Giant Manufacturing Co Ltd., Tesla, Inc., Nissan Motor Co, Ltd., BYD Company Limited, Deere & Company, AB Volvo, Toyota Industries Corporation, Yamaha Motor Co Ltd., Mahindra & Mahindra Limited, Textron Inc., Kion Group AG, Polaris Inc., NIO Inc., Jiangsu Xinri E-Vehicle Co Ltd., Yadea Technology Group Co Ltd., XPeng Inc., Godrej & Boyce Manufacturing Company Limited, Rivian Automotive, Inc., Accell Group NV, Merida Industry Co Ltd., Lucid Motors, Inc., Club Car LLC, Gogoro Inc., Vmoto Limited, Columbia Vehicle Group Inc., Hero Electric Vehicles Pvt Ltd., Govecs AG For further insights on the light electric vehicles market, request a sample here.

What are the key trends in the light electric vehicles market?

Major trend in the light electric vehicles market - innovative technologies transform light electric vehicle market landscape. For further insights on the light electric vehicles market, request a sample here.

What are the major opportunities in the light electric vehicles market? What are the strategies for the light electric vehicles market?

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How does the light electric vehicles market relate to the overall economy and other similar markets?

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What are the latest mergers and acquisitions in the light electric vehicles industry?

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What are the key dynamics influencing the light electric vehicles market growth? SWOT analysis of the light electric vehicles market.

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