Table of Content
1 INTRODUCTION (Page No. - 29)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 LIGHT ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE TYPE
TABLE 2 LIGHT ELECTRIC VEHICLE MARKET DEFINITION, BY COMPONENT
1.2.1 INCLUSIONS & EXCLUSIONS
TABLE 3 INCLUSIONS & EXCLUSIONS IN LIGHT ELECTRIC VEHICLE MARKET
1.3 MARKET SCOPE
FIGURE 1 MARKETS COVERED
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 4 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
FIGURE 2 LIGHT ELECTRIC VEHICLE MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources for light electric vehicle market
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 List of participating companies for primary research
2.1.2.2 Key industry insights
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.1.2.3 Major objectives of primary research
2.2 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 BOTTOM-UP APPROACH: LIGHT ELECTRIC VEHICLE MARKET
2.2.2 TOP-DOWN APPROACH
FIGURE 7 TOP-DOWN APPROACH: LIGHT ELECTRIC VEHICLE MARKET
FIGURE 8 TOP-DOWN APPROACH: BY COMPONENT, LIGHT ELECTRIC VEHICLE MARKET
FIGURE 9 LIGHT ELECTRIC VEHICLE MARKET: MARKET ESTIMATION NOTES
FIGURE 10 LIGHT ELECTRIC VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY – DEMAND SIDE
2.3 DATA TRIANGULATION
FIGURE 11 DATA TRIANGULATION METHODOLOGY
FIGURE 12 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES
2.4 FACTOR ANALYSIS
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 51)
FIGURE 14 LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (VOLUME)
FIGURE 15 BY VEHICLE TYPE, E-MOTORCYCLE SEGMENT PROJECTED TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
FIGURE 16 BY COMPONENT, BATTERY PACK SEGMENT ESTIMATED TO LEAD MARKET FROM 2022 TO 2027
4 PREMIUM INSIGHTS (Page No. - 56)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LIGHT ELECTRIC VEHICLE MARKET
FIGURE 17 INCREASING ADOPTION BY END-USE INDUSTRIES AND GOVERNMENT INCENTIVES TO DRIVE MARKET IN NEXT FIVE YEARS
4.2 LIGHT ELECTRIC VEHICLE MARKET, BY REGION
FIGURE 18 ASIA PACIFIC ESTIMATED TO DOMINATE LIGHT ELECTRIC VEHICLE MARKET IN 2022
4.3 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE
FIGURE 19 E-BIKE SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027
4.4 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY
FIGURE 20 3-WHEELER SEGMENT PROJECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.5 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION
FIGURE 21 PERSONAL MOBILITY SEGMENT EXPECTED TO LEAD MARKET FROM 2022 TO 2027
4.6 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT
FIGURE 22 9-15 KW SEGMENT PROJECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.7 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT
FIGURE 23 BATTERY PACK SEGMENT ESTIMATED TO LEAD MARKET IN 2022
5 MARKET OVERVIEW (Page No. - 60)
5.1 INTRODUCTION
TABLE 5 LEV AND LEV COMPONENTS MARKET: IMPACT OF MARKET DYNAMICS
5.2 MARKET DYNAMICS
FIGURE 24 LIGHT ELECTRIC VEHICLES: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Low operating and maintenance costs
FIGURE 25 TCO OF LEVS VS. ICE VEHICLES PER DISTANCE DRIVEN, 2022 (USD)
FIGURE 26 TCO OF LEVS VS. ICE VEHICLES PER DISTANCE DRIVEN, 2025 (USD)
5.2.1.2 Government incentives and subsidies
TABLE 6 GOVERNMENT INCENTIVES, BY COUNTRY
FIGURE 27 AVERAGE FINANCIAL SUBSIDIES AT EV PURCHASE, BY COUNTRY, 2021 (USD)
FIGURE 28 GOVERNMENT TARGETS TO PHASE OUT ICE VEHICLES, 2025–2040
5.2.1.3 Advancements in battery technologies
FIGURE 29 AVERAGE ENERGY DENSITY (WH/L) OF LI-ION BATTERIES, 2017–2031
5.2.1.4 Rising demand from recreational and commercial applications
FIGURE 30 BATTERY SWAPPING SYSTEM
5.2.1.5 Advancements in renewable energy sector
FIGURE 31 VIRTUAL POWER PLANT (VPP) SYSTEM
5.2.2 RESTRAINTS
5.2.2.1 Lack of charging infrastructure and limited vehicle range
FIGURE 32 COUNTRY-WISE EV CHARGER DENSITY
5.2.2.2 High initial cost of ownership
5.2.2.3 Increasing concerns regarding recycling of LEV components
5.2.3 OPPORTUNITIES
5.2.3.1 Decreasing prices of components
FIGURE 33 AVERAGE PRICE OF LIGHT ELECTRIC INDUSTRIAL VEHICLES VS. DIESEL ENGINE VEHICLES, 2022–2030
5.2.3.2 New revenue pockets in Asia Pacific, Africa, and Europe
5.2.3.3 Increasing R&D for advancements
FIGURE 34 BATTERY TECHNOLOGY LANDSCAPE, BY MATERIAL
5.2.4 CHALLENGES
5.2.4.1 Lack of compatibility, interchangeability, and standardization
FIGURE 35 INDIA: BATTERY SWAP STATION FOR LEV (CHARGEZONE)
5.2.4.2 Fluctuating prices of raw materials leading to increasing cost of battery-operated industrial vehicles
FIGURE 36 COPPER (LME) PRICE TREND, JANUARY 2019–AUGUST 2022 (USD PER METRIC TON)
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 37 LEV AND LEV COMPONENTS MARKET: SUPPLY CHAIN ANALYSIS
TABLE 7 LEV AND LEV COMPONENTS MARKET: ECOSYSTEM
5.3.1 RAW MATERIAL SUPPLIERS
5.3.2 COMPONENT MANUFACTURERS
5.3.3 OEMS
5.4 PORTER'S FIVE FORCES
FIGURE 38 PORTER'S FIVE FORCES: LEV AND LEV COMPONENTS MARKET
TABLE 8 LEV AND LEV COMPONENTS MARKET: PORTER'S FIVE FORCES
5.4.1 THREAT OF SUBSTITUTES
5.4.2 THREAT OF NEW ENTRANTS
5.4.3 BARGAINING POWER OF BUYERS
5.4.4 BARGAINING POWER OF SUPPLIERS
5.4.5 INTENSITY OF COMPETITIVE RIVALRY
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TREND AND FORECAST FOR MAJOR ECONOMIES
TABLE 9 GDP TREND AND FORECAST, MAJOR ECONOMIES, 2018–2026 (USD BILLION)
5.6 BUYING CRITERIA ANALYSIS FOR LEV MARKET
5.6.1 RIDE-HAILING FLEETS
5.6.2 PERSONAL VEHICLE FLEETS
5.6.3 INDUSTRIAL APPLICATIONS
5.6.4 PERSONAL AND COMMERCIAL APPLICATIONS
5.6.5 BUYING CRITERIA
FIGURE 39 KEY BUYING CRITERIA FOR LEVS FOR PERSONAL AND COMMERCIAL/INDUSTRIAL USE
TABLE 10 KEY BUYING CRITERIA FOR LEVS FOR PERSONAL AND COMMERCIAL/INDUSTRIAL USE
5.6.6 KEY STAKEHOLDERS IN BUYING PROCESS
TABLE 11 INFLUENCE OF KEY STAKEHOLDERS ON BUYING LIGHT ELECTRIC VEHICLES FOR COMMERCIAL/INDUSTRIAL USE (%)
5.7 TECHNOLOGY ANALYSIS
5.7.1 SWAPPABLE BATTERIES AND BATTERY SWAPPING STATIONS
FIGURE 40 TCO OF ICE VS. BATTERY SWAPPING POWERED VEHICLES, 2022
5.7.2 SMART CHARGING SYSTEMS
FIGURE 41 SMART EV CHARGING SYSTEM
5.7.3 IOT FOR AUTOMATED MATERIAL HANDLING
FIGURE 42 IOT FOR AUTOMATED MATERIAL HANDLING IN WAREHOUSES
5.7.4 AI FOR MATERIAL HANDLING
5.8 ECOSYSTEM ANALYSIS
FIGURE 43 LEV AND LEV COMPONENTS MARKET: ECOSYSTEM ANALYSIS
5.8.1 OEMS
5.8.2 RAW MATERIAL SUPPLIERS
5.8.3 COMPONENT MANUFACTURERS
5.9 TRENDS AND DISRUPTIONS: LIGHT ELECTRIC VEHICLE MARKET
FIGURE 44 LEV AND LEV COMPONENTS MARKET: TRENDS AND DISRUPTIONS
5.10 AVERAGE SELLING PRICE ANALYSIS OF LEV AND LEV COMPONENTS
TABLE 12 AVERAGE SELLING PRICE (ASP), BY LEV TYPE
TABLE 13 AVERAGE SELLING PRICE (ASP), BY LEV COMPONENT TYPE
FIGURE 45 PRICE TREND ANALYSIS OF LI-ION BATTERY PER KWH, 2010–2030
5.11 TRADE ANALYSIS
TABLE 14 TRADE ANALYSIS: HS CODE - 870310
TABLE 15 TRADE ANALYSIS: HS CODE - 842710
5.12 PATENT ANALYSIS
5.12.1 INTRODUCTION
FIGURE 46 PUBLICATION TRENDS, 2010–2022
TABLE 16 PATENT ANALYSIS: LEV AND LEV COMPONENTS MARKET (ACTIVE PATENTS)
TABLE 17 LEV AND LEV COMPONENTS MARKET: PATENTED DOCUMENTS (PUBLISHED, FILED, AND GRANTED)
5.13 CASE STUDY ANALYSIS
5.13.1 THYSSENKRUPP'S DECISION FOR FLEXIBLE AUTOMATION
5.13.2 TOYOTA'S AUTOMATED FORKLIFTS SUPPORT ELM LEBLANC'S 4.0 INDUSTRY SOLUTION
5.13.3 INDUCTIVE CHARGING SYSTEM FOR INDUSTRIAL/MATERIAL HANDLING VEHICLES
5.13.4 CLUB CAR'S TEMPO 2+2 FOR KETTERING GENERAL HOSPITAL
5.13.5 GOLF CARTS FOR PERSONAL MOBILITY
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.15 REGULATORY FRAMEWORK
FIGURE 47 EMISSION REDUCTION FRAMEWORK OF MAJOR COUNTRIES, 2021
TABLE 21 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS
TABLE 22 US III STANDARDS 2021: US EMISSION NORMS
TABLE 23 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS
TABLE 24 JAPAN WLTC STANDARDS 2021: JAPAN EMISSION NORMS
TABLE 25 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS
5.16 CONFERENCES & EVENTS
TABLE 26 LEV AND LEV COMPONENTS MARKET: CONFERENCES & EVENTS
5.17 SCENARIO ANALYSIS (2022–2027)
5.17.1 LIGHT ELECTRIC VEHICLE MARKET: MOST LIKELY SCENARIO
TABLE 27 LIGHT ELECTRIC VEHICLE MARKET: MOST LIKELY SCENARIO, BY REGION, 2022–2027 (THOUSAND UNITS)
5.17.2 LIGHT ELECTRIC VEHICLE MARKET: OPTIMISTIC SCENARIO
TABLE 28 LIGHT ELECTRIC VEHICLE MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (THOUSAND UNITS)
5.17.3 LIGHT ELECTRIC VEHICLE MARKET: PESSIMISTIC SCENARIO
TABLE 29 LIGHT ELECTRIC VEHICLE MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (THOUSAND UNITS)
6 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE (Page No. - 106)
6.1 INTRODUCTION
FIGURE 48 BY VEHICLE TYPE, E-MOTORCYCLE SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 30 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 31 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 32 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 33 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
6.1.1 OPERATIONAL DATA
TABLE 34 LIGHT ELECTRIC VEHICLE MODELS OFFERED BY COMPANIES, BY VEHICLE TYPE
6.1.2 ASSUMPTIONS
TABLE 35 ASSUMPTIONS: BY VEHICLE TYPE
6.1.3 RESEARCH METHODOLOGY
6.2 ELECTRIC ATV/UTV
6.2.1 INCREASED RECREATIONAL AND AGRICULTURAL ACTIVITIES TO DRIVE MARKET
TABLE 36 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 37 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 38 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 39 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.3 E-BIKE
6.3.1 GOVERNMENT SUPPORT AND INITIATIVES TO INCREASE E-BIKE SALES
TABLE 40 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 41 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 42 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 43 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.4 E-SCOOTER
6.4.1 RISE IN DEMAND FOR ENERGY-EFFICIENT MODES OF COMMUTING TO BOOST MARKET
TABLE 44 E-SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 45 E- SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 46 E- SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 47 E- SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.5 E-MOTORCYCLE
6.5.1 INCREASE IN DEMAND FOR PERFORMANCE ELECTRIC TWO-WHEELERS TO DRIVE SEGMENT
TABLE 48 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 49 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 50 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 51 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.6 NEIGHBORHOOD ELECTRIC VEHICLE
6.6.1 GROWTH OF HOTELS AND RESORTS TO DRIVE DEMAND
TABLE 52 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 53 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 54 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 55 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.7 E-LAWN MOWER
6.7.1 GOVERNMENT REGULATIONS, DEVELOPMENTS IN BATTERIES, AND LAUNCHES OF VARIOUS ELECTRIC MANUAL/ROBOTIC LAWN MOWER TO DRIVE MARKET
TABLE 56 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 57 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 58 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 59 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.7.2 ROBOTIC E-LAWN MOWER
6.7.2.1 Europe estimated to become largest market for robotic e-lawn mowers
TABLE 60 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 61 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 62 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 63 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION)
6.7.3 MANUAL E-LAWN MOWER
6.7.3.1 Growing demand for robotic mowers to impact manual e-lawn mower market
TABLE 64 MANUAL E-LAWN MOWER MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 65 MANUAL E-LAWN MOWER MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 66 MANUAL E-LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 67 MANUAL E-LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION)
6.8 ELECTRIC INDUSTRIAL VEHICLE
6.8.1 GROWING CO2 EMISSION CONCERNS TO DRIVE SEGMENT
FIGURE 49 CO2 EMISSION REDUCTION BY TOYOTA INDUSTRIES CORPORATION
FIGURE 50 KEY BENEFITS OF ELECTRIC FORKLIFTS
TABLE 68 IC ENGINES VS ELECTRIC MOTORS
TABLE 69 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 70 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 71 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 72 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.9 AUTONOMOUS FORKLIFT
6.9.1 FOCUS ON ZERO-EMISSION WORKING ENVIRONMENT TO DRIVE DEMAND
TABLE 73 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 74 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 75 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 76 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.10 DELIVERY ROBOT
6.10.1 INCREASING USE OF ROBOTS FOR GROCERY DELIVERIES TO DRIVE MARKET
TABLE 77 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 78 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 79 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 80 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.11 AUTOMATED GUIDED VEHICLE
6.11.1 AUTOMATED GUIDED VEHICLES IDEAL FOR HANDLING LARGE VOLUMES OF LOAD AND OFTEN HAVE SIMPLER GUIDE PATH
TABLE 81 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 82 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 83 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 84 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
6.12 KEY PRIMARY INSIGHTS
7 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY (Page No. - 138)
7.1 INTRODUCTION
FIGURE 51 BY VEHICLE CATEGORY, 2-WHEELER SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027
TABLE 85 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY, 2018–2021 (THOUSAND UNITS)
TABLE 86 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY, 2022–2027 (THOUSAND UNITS)
7.1.1 OPERATIONAL DATA
TABLE 87 LIGHT ELECTRIC VEHICLE MODELS, BY VEHICLE CATEGORY
7.1.2 ASSUMPTIONS
TABLE 88 ASSUMPTIONS: BY VEHICLE CATEGORY
7.1.3 RESEARCH METHODOLOGY
7.2 2-WHEELER
7.2.1 GROWING SALES OF E-BIKES, E-SCOOTERS, AND E-MOTORCYCLES TO DRIVE SEGMENT
TABLE 89 2-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 90 2-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
7.3 3-WHEELER
7.3.1 GROWING ADOPTION BY LOGISTICS COMPANIES TO DRIVE SEGMENT
TABLE 91 3-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 92 3-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
7.4 4-WHEELER
7.4.1 GROWING USE IN WAREHOUSES, MANUFACTURING PLANTS, AND GOLF COURSES TO DRIVE SEGMENT
TABLE 93 4-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 94 4-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
7.5 KEY PRIMARY INSIGHTS
8 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION (Page No. - 147)
8.1 INTRODUCTION
FIGURE 52 BY APPLICATION, PERSONAL MOBILITY SEGMENT PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD
TABLE 95 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION, 2018–2021 (THOUSAND UNITS)
TABLE 96 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION, 2022–2027 (THOUSAND UNITS)
8.1.1 OPERATIONAL DATA
TABLE 97 POPULAR AND UPCOMING LEVS WORLDWIDE
8.1.2 ASSUMPTIONS
TABLE 98 ASSUMPTIONS: BY APPLICATION
8.1.3 RESEARCH METHODOLOGY
8.2 PERSONAL MOBILITY
8.2.1 VARIED RANGE OF PRODUCTS CLUBBED WITH GOVERNMENT INCENTIVES AND REDUCING PRICES TO DRIVE SEGMENT
TABLE 99 PERSONAL MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 100 PERSONAL MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS)
8.3 SHARED MOBILITY
8.3.1 HIGH INITIAL COST OF OWNERSHIP AND LOW OPERATIONAL AND MAINTENANCE COSTS TO DRIVE SEGMENT
TABLE 101 SHARED MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 102 SHARED MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS)
8.4 RECREATION & SPORTS
8.4.1 GROWING DEMAND FOR OUTDOOR LEISURE AND RECREATIONAL ACTIVITIES TO INCREASE DEMAND
TABLE 103 RECREATION & SPORTS: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 104 RECREATION & SPORTS: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS)
8.5 COMMERCIAL
8.5.1 GROWING DEMAND IN AGRICULTURE AND INDUSTRIAL APPLICATIONS TO INCREASE SALES OF LEVS
TABLE 105 COMMERCIAL: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 106 COMMERCIAL: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS)
8.6 KEY PRIMARY INSIGHTS
9 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT (Page No. - 160)
9.1 INTRODUCTION
FIGURE 53 BY POWER OUTPUT, LESS THAN 6 KW SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027
TABLE 107 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2018–2021 (THOUSAND UNITS)
TABLE 108 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2022–2027 (THOUSAND UNITS)
9.1.1 OPERATIONAL DATA
TABLE 109 LIGHT ELECTRIC VEHICLE MODELS, BY POWER OUTPUT
9.1.2 ASSUMPTIONS
TABLE 110 ASSUMPTIONS: BY POWER OUTPUT
9.1.3 RESEARCH METHODOLOGY
9.2 LESS THAN 6 KW
9.2.1 RISING DEMAND FOR LEVS IN PERSONAL MOBILITY AND INDUSTRIAL APPLICATIONS TO DRIVE SEGMENT
TABLE 111 LESS THAN 6 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 112 LESS THAN 6 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
9.3 6–9 KW
9.3.1 GROWTH OF E-COMMERCE AND HOSPITALITY SECTORS TO DRIVE SEGMENT
TABLE 113 6–9 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 114 6–9 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
9.4 9–15 KW
9.4.1 RISING DEMAND FROM INDUSTRIAL FACILITIES, CONSTRUCTION SITES, WAREHOUSES, PUBLIC TRANSPORTATION, AND AIRPORT FACILITIES TO DRIVE SEGMENT
TABLE 115 9–15 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 116 9–15 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
9.5 KEY PRIMARY INSIGHTS
10 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT (Page No. - 168)
10.1 INTRODUCTION
FIGURE 54 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION)
TABLE 117 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 118 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
10.1.1 OPERATIONAL DATA
TABLE 119 LIGHT ELECTRIC VEHICLE: MAJOR COMPANIES, BY COMPONENT
10.1.2 RESEARCH METHODOLOGY
10.1.3 ASSUMPTIONS
TABLE 120 ASSUMPTIONS: BY COMPONENT
10.2 BATTERY PACK
TABLE 121 BATTERY PACK: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 122 BATTERY PACK: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.3 ELECTRIC MOTOR
TABLE 123 ELECTRIC MOTOR: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 124 ELECTRIC MOTOR: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.4 MOTOR CONTROLLER
FIGURE 55 SIMPLIFIED BLOCK DIAGRAM OF COMMONLY USED MOTOR CONTROLLERS IN LEVS
TABLE 125 MOTOR CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 126 MOTOR CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.5 INVERTER
TABLE 127 INVERTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 128 INVERTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.6 POWER CONTROLLER
TABLE 129 POWER CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 130 POWER CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.7 E-BRAKE BOOSTER
TABLE 131 E-BRAKE BOOSTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 132 E-BRAKE BOOSTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.8 POWER ELECTRONICS
TABLE 133 POWER ELECTRONICS: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 134 POWER ELECTRONICS: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
10.9 KEY INDUSTRY INSIGHTS
11 LIGHT ELECTRIC VEHICLE MARKET, BY REGION (Page No. - 184)
11.1 INTRODUCTION
FIGURE 56 LEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 135 LEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS)
TABLE 136 LEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS)
TABLE 137 LEV MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 138 LEV MARKET, BY REGION, 2022–2027(USD MILLION)
FIGURE 57 COMPONENT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 139 COMPONENT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 140 COMPONENT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION)
11.2 ASIA PACIFIC
FIGURE 58 ASIA PACIFIC: LIGHT ELECTRIC VEHICLE MARKET SNAPSHOT
TABLE 141 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
TABLE 142 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
TABLE 143 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 144 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2022–2027(USD MILLION)
TABLE 145 ASIA PACIFIC: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 146 ASIA PACIFIC: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
11.2.1 CHINA
11.2.1.1 LEVs in demand for commercial and industrial use due to availability of renewable energy sources
TABLE 147 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 148 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 149 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 150 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.2 JAPAN
11.2.2.1 Technological advancements to benefit and drive demand for LEVs
TABLE 151 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 152 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 153 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 154 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.3 INDIA
11.2.3.1 Light electric vehicle market to witness rapid growth
FIGURE 59 INCENTIVE AND REGULATORY LANDSCAPE FOR LEVS IN INDIA
TABLE 155 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)
TABLE 156 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (UNITS)
TABLE 157 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 158 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.2.4 SOUTH KOREA
11.2.4.1 Significant growth in demand for LEVs for commercial and industrial use
TABLE 159 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 160 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 161 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 162 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3 EUROPE
FIGURE 60 EUROPE: LIGHT ELECTRIC VEHICLE MARKET SNAPSHOT
TABLE 163 EUROPE: LEV MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
TABLE 164 EUROPE: LEV MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
TABLE 165 EUROPE: LEV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 166 EUROPE: LEV MARKET, BY COUNTRY, 2022–2027(USD MILLION)
TABLE 167 EUROPE: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 168 EUROPE: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
11.3.1 FRANCE
11.3.1.1 E-ATV/UTV and neighborhood electric vehicle segments to dominate LEV market
TABLE 169 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 170 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 171 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 172 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Setting up of charging corridors to boost LEV demand
TABLE 173 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 174 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 175 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 176 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.3 SPAIN
11.3.3.1 Government focus on replacing existing transportation fleets to impact market positively
TABLE 177 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 178 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 179 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 180 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.4 ITALY
11.3.4.1 Government incentives to generate higher demand for LEVs & LEV component
TABLE 181 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 182 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 183 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 184 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.3.5 UK
11.3.5.1 Increasing adoption in recreation & sports sector to drive market
FIGURE 61 UK EV ROADMAP
TABLE 185 UK: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 186 UK: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 187 UK LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 188 UK: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.4 NORTH AMERICA
FIGURE 62 NORTH AMERICA EV BATTERY INITIATIVES
TABLE 189 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS)
TABLE 190 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS)
TABLE 191 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 192 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2022–2027(USD MILLION)
TABLE 193 NORTH AMERICA: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 194 NORTH AMERICA: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
11.4.1 US
11.4.1.1 Growing inclination toward automation in end-use industries to accelerate market growth
TABLE 195 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS)
TABLE 196 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS)
TABLE 197 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 198 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
11.4.2 CANADA
11.4.2.1 E-ATV/UTV segment to dominate light electric vehicle market
TABLE 199 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS)
TABLE 200 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (UNITS)
TABLE 201 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION)
TABLE 202 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 237)
12.1 OVERVIEW
12.2 MARKET RANKING ANALYSIS: LIGHT ELECTRIC VEHICLES
12.2.1 MARKET RANKING ANALYSIS: E-ATV/UTV
TABLE 203 MARKET RANKING ANALYSIS: E-ATV/UTV, 2021
12.2.2 MARKET RANKING ANALYSIS: E-BIKE
TABLE 204 MARKET RANKING ANALYSIS: E-BIKE, 2021
12.2.3 MARKET RANKING ANALYSIS: E-SCOOTER/MOTORCYCLE
TABLE 205 MARKET RANKING ANALYSIS: E-SCOOTER/MOTORCYCLE, 2021
12.2.4 MARKET RANKING ANALYSIS: NEIGHBORHOOD ELECTRIC VEHICLES
TABLE 206 MARKET RANKING ANALYSIS: NEIGHBORHOOD ELECTRIC VEHICLES, 2021
12.2.5 MARKET RANKING ANALYSIS: E-LAWN MOWERS
TABLE 207 MARKET RANKING ANALYSIS: E-LAWN MOWERS, 2021
12.2.6 MARKET RANKING ANALYSIS: ELECTRIC INDUSTRIAL VEHICLES
TABLE 208 MARKET RANKING ANALYSIS: ELECTRIC INDUSTRIAL VEHICLES, 2021
12.2.7 MARKET RANKING ANALYSIS: AUTONOMOUS FORKLIFT
TABLE 209 MARKET RANKING ANALYSIS: AUTONOMOUS FORKLIFT, 2021
12.2.8 MARKET RANKING ANALYSIS: AUTOMATED GUIDED VEHICLES
TABLE 210 MARKET RANKING ANALYSIS: AUTOMATED GUIDED VEHICLES, 2021
12.3 MARKET RANKING ANALYSIS: LEV COMPONENTS
TABLE 211 LEV COMPONENTS MARKET RANKING ANALYSIS, 2021
12.3.1 NIDEC CORPORATION
12.3.2 ROBERT BOSCH GMBH
12.3.3 AISIN CORPORATION
12.3.4 BORGWARNER INC.
12.3.5 ZF FRIEDRICHSHAFEN AG
12.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
FIGURE 63 TOP PUBLIC/LISTED PLAYERS IN E-ATV/UTV MARKET, 2017–2021
FIGURE 64 TOP PUBLIC/LISTED PLAYERS IN E-BIKE MARKET, 2017–2021
FIGURE 65 TOP PUBLIC/LISTED PLAYERS IN E-SCOOTER/MOTORCYCLE MARKET, 2017–2021
FIGURE 66 TOP PUBLIC/LISTED PLAYERS IN NEIGHBORHOOD ELECTRIC VEHICLES MARKET, 2017–2021
FIGURE 67 TOP PUBLIC/LISTED PLAYERS IN E-LAWN MOWERS MARKET, 2017–2021
FIGURE 68 TOP PUBLIC/LISTED PLAYERS IN LIGHT ELECTRIC INDUSTRIAL VEHICLES MARKET, 2017–2021
FIGURE 69 TOP PUBLIC/LISTED PLAYERS IN LEV COMPONENTS MARKET, 2017–2021
12.5 COMPETITIVE SCENARIO
12.5.1 NEW PRODUCT LAUNCHES
TABLE 212 NEW PRODUCT LAUNCHES: LIGHT ELECTRIC VEHICLES, 2018–2022
TABLE 213 NEW PRODUCT LAUNCHES: LEV COMPONENTS, 2018–2022
12.5.2 DEALS
TABLE 214 DEALS: LIGHT ELECTRIC VEHICLES, 2018–2022
TABLE 215 DEALS: LEV COMPONENTS, 2018–2022
12.5.3 OTHERS
TABLE 216 OTHERS: LIGHT ELECTRIC VEHICLES, 2018–2022
TABLE 217 OTHERS: LEV COMPONENTS, 2018–2022
12.6 COMPANY EVALUATION QUADRANT: LIGHT ELECTRIC VEHICLES MARKET
12.6.1 STARS
12.6.2 EMERGING LEADERS
12.6.3 PERVASIVE PLAYERS
12.6.4 PARTICIPANTS
FIGURE 70 LIGHT ELECTRIC VEHICLES MARKET: COMPANY EVALUATION QUADRANT, 2022
TABLE 218 LEV MARKET: COMPANY FOOTPRINT, 2022
TABLE 219 LEV MARKET: PRODUCT FOOTPRINT, 2022
TABLE 220 LEV MARKET: REGIONAL FOOTPRINT, 2022
12.7 COMPANY EVALUATION QUADRANT: LEV COMPONENTS MARKET
12.7.1 STARS
12.7.2 EMERGING LEADERS
12.7.3 PERVASIVE PLAYERS
12.7.4 PARTICIPANTS
FIGURE 71 LEV COMPONENTS MARKET: COMPANY EVALUATION QUADRANT, 2022
TABLE 221 LEV COMPONENTS MARKET: COMPANY FOOTPRINT, 2022
TABLE 222 LEV COMPONENTS MARKET: PRODUCT FOOTPRINT, 2022
TABLE 223 LEV COMPONENTS MARKET: REGIONAL FOOTPRINT, 2022
13 COMPANY PROFILES (Page No. - 278)
(Business overview, Products offered, Recent developments & MnM View)*
13.1 KEY PLAYERS (LIGHT ELECTRIC VEHICLE MANUFACTURERS)
13.1.1 BMW AG
TABLE 224 BMW AG: BUSINESS OVERVIEW
FIGURE 72 BMW AG: COMPANY SNAPSHOT
TABLE 225 BMW AG: PRODUCTS OFFERED
TABLE 226 BMW AG: NEW PRODUCT LAUNCHES
TABLE 227 BMW AG: DEALS
13.1.2 AURO ROBOTICS
TABLE 228 AURO ROBOTICS: BUSINESS OVERVIEW
TABLE 229 AURO ROBOTICS: PRODUCTS OFFERED
TABLE 230 AURO ROBOTICS: NEW PRODUCT LAUNCHES
TABLE 231 AURO ROBOTICS: DEALS
TABLE 232 AURO ROBOTICS: OTHERS
13.1.3 CLUB CAR INC.
TABLE 233 CLUB CAR INC.: BUSINESS OVERVIEW
TABLE 234 CLUB CAR INC.: PRODUCTS OFFERED
TABLE 235 CLUB CAR INC.: NEW PRODUCT LAUNCHES
TABLE 236 CLUB CAR INC.: DEALS
13.1.4 POLARIS INC.
TABLE 237 POLARIS INC.: BUSINESS OVERVIEW
FIGURE 73 POLARIS INC.: COMPANY SNAPSHOT
FIGURE 74 POLARIS: MARKET OPPORTUNITY
FIGURE 75 POLARIS: OFF-ROAD SEGMENT GROWTH RESULTS
TABLE 238 POLARIS INC.: PRODUCTS OFFERED
TABLE 239 POLARIS INC.: NEW PRODUCT LAUNCHES
TABLE 240 POLARIS INC.: DEALS
13.1.5 TEXTRON INC.
TABLE 241 TEXTRON INC.: BUSINESS OVERVIEW
FIGURE 76 TEXTRON INC.: COMPANY SNAPSHOT
FIGURE 77 TEXTRON: COMPARISON OF E-Z-GO WITH OTHER ELECTRIC GOLF CARTS
TABLE 242 TEXTRON INC.: PRODUCTS OFFERED
TABLE 243 TEXTRON INC.: NEW PRODUCT LAUNCHES
TABLE 244 TEXTRON INC.: DEALS
TABLE 245 TEXTRON: OTHERS
13.1.6 TOYOTA INDUSTRIES CORPORATION
TABLE 246 TOYOTA INDUSTRIES CORPORATION: BUSINESS OVERVIEW
FIGURE 78 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT
FIGURE 79 TOYOTA INDUSTRIES CORPORATION: SEGMENT-WISE GROWTH
TABLE 247 TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED
TABLE 248 TOYOTA INDUSTRIES CORPORATION: NEW PRODUCT LAUNCHES
TABLE 249 TOYOTA INDUSTRIES CORPORATION: DEALS
13.1.7 JOHN DEERE
TABLE 250 JOHN DEERE: BUSINESS OVERVIEW
FIGURE 80 JOHN DEERE: COMPANY SNAPSHOT
TABLE 251 JOHN DEERE: PRODUCTS OFFERED
TABLE 252 JOHN DEERE: NEW PRODUCT LAUNCHES
TABLE 253 JOHN DEERE: DEALS
TABLE 254 JOHN DEERE: OTHERS
13.1.8 KION GROUP
TABLE 255 KION GROUP: BUSINESS OVERVIEW
FIGURE 81 KION GROUP: COMPANY SNAPSHOT
FIGURE 82 KION GROUP: INDUSTRY PERFORMANCE, 2021
TABLE 256 KION GROUP: PRODUCTS OFFERED
TABLE 257 KION GROUP: NEW PRODUCT LAUNCHES
TABLE 258 KION GROUP: DEALS
13.1.9 BYD AUTO CO., LTD.
TABLE 259 BYD AUTO CO., LTD.: BUSINESS OVERVIEW
FIGURE 83 BYD AUTO CO., LTD.: COMPANY SNAPSHOT
FIGURE 84 BYD AUTO CO., LTD.: RANGE OF ELECTRIC FORKLIFTS
TABLE 260 BYD AUTO CO., LTD.: PRODUCTS OFFERED
TABLE 261 BYD AUTO CO., LTD.: NEW PRODUCT LAUNCHES
TABLE 262 BYD AUTO CO., LTD.: DEALS
13.1.10 ARI MOTORS
TABLE 263 ARI MOTORS: BUSINESS OVERVIEW
TABLE 264 ARI MOTORS: PRODUCTS OFFERED
TABLE 265 ARI MOTORS: NEW PRODUCT LAUNCHES
TABLE 266 ARI MOTORS: DEALS
13.1.11 WAEV INC.
TABLE 267 WAEV INC.: BUSINESS OVERVIEW
TABLE 268 WAEV INC.: PRODUCTS OFFERED
TABLE 269 WAEV INC.: NEW PRODUCT LAUNCHES
TABLE 270 WAEV INC.: DEALS
13.1.12 COLUMBIA VEHICLE GROUP INC.
TABLE 271 COLUMBIA VEHICLE GROUP INC.: BUSINESS OVERVIEW
TABLE 272 COLUMBIA VEHICLE GROUP INC.: PRODUCTS OFFERED
TABLE 273 COLUMBIA VEHICLE GROUP INC.: NEW PRODUCT LAUNCHES
TABLE 274 COLUMBIA VEHICLE GROUP INC.: DEALS
13.1.13 YAMAHA MOTOR CO., LTD.
TABLE 275 YAMAHA MOTOR CO., LTD.: BUSINESS OVERVIEW
FIGURE 85 YAMAHA MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 276 YAMAHA MOTOR CO., LTD.: PRODUCTS OFFERED
TABLE 277 YAMAHA MOTOR CO., LTD.: NEW PRODUCT LAUNCHES
13.1.14 GODREJ MATERIAL HANDLING
TABLE 278 GODREJ MATERIAL HANDLING: BUSINESS OVERVIEW
TABLE 279 GODREJ MATERIAL HANDLING: PRODUCTS OFFERED
TABLE 280 GODREJ MATERIAL HANDLING: NEW PRODUCT LAUNCHES
TABLE 281 GODREJ MATERIAL HANDLING: DEALS
13.1.15 ADDAX MOTORS
TABLE 282 ADDAX MOTORS: BUSINESS OVERVIEW
TABLE 283 ADDAX MOTORS: PRODUCTS OFFERED
TABLE 284 ADDAX MOTORS: NEW PRODUCT LAUNCHES
TABLE 285 ADDAX MOTORS: DEALS
13.1.16 MARSHELL
TABLE 286 MARSHELL: BUSINESS OVERVIEW
TABLE 287 MARSHELL: PRODUCTS OFFERED
13.2 KEY PLAYERS (LEV COMPONENT MANUFACTURERS)
13.2.1 NIDEC CORPORATION
TABLE 288 NIDEC CORPORATION: BUSINESS OVERVIEW
FIGURE 86 NIDEC CORPORATION: COMPANY SNAPSHOT
TABLE 289 NIDEC CORPORATION: PRODUCTS OFFERED
TABLE 290 NIDEC CORPORATION: NEW PRODUCT LAUNCHES
TABLE 291 NIDEC CORPORATION: DEALS
TABLE 292 NIDEC CORPORATION: OTHERS
13.2.2 AISIN CORPORATION
TABLE 293 AISIN CORPORATION: BUSINESS OVERVIEW
FIGURE 87 AISIN CORPORATION: COMPANY SNAPSHOT
TABLE 294 AISIN CORPORATION: PRODUCTS OFFERED
TABLE 295 AISIN CORPORATION: NEW PRODUCT LAUNCHES
TABLE 296 AISIN CORPORATION: DEALS
TABLE 297 AISIN CORPORATION: OTHERS
13.2.3 BORGWARNER INC.
TABLE 298 BORGWARNER INC.: BUSINESS OVERVIEW
FIGURE 88 BORGWARNER INC.: COMPANY SNAPSHOT
TABLE 299 BORGWARNER INC.: PRODUCTS OFFERED
TABLE 300 BORGWARNER INC.: NEW PRODUCT LAUNCHES
TABLE 301 BORGWARNER INC.: DEALS
TABLE 302 BORGWARNER INC.: OTHERS
13.2.4 ROBERT BOSCH GMBH
TABLE 303 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 89 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 304 ROBERT BOSCH GMBH: SUPPLY AGREEMENTS
TABLE 305 ROBERT BOSCH GMBH: PRODUCTS OFFERED
TABLE 306 ROBERT BOSCH GMBH: NEW PRODUCT LAUNCHES
TABLE 307 ROBERT BOSCH GMBH: DEALS
TABLE 308 ROBERT BOSCH GMBH: OTHERS
13.2.5 ZF FRIEDRICHSHAFEN AG
TABLE 309 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW
FIGURE 90 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
TABLE 310 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
TABLE 311 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT LAUNCHES
TABLE 312 ZF FRIEDRICHSHAFEN AG: DEALS
TABLE 313 ZF FRIEDRICHSHAFEN AG: OTHERS
13.2.6 NINGBO YINZHOU HENTACH ELECTROMECHANICAL CO., LTD.
TABLE 314 NINGBO YINZHOU HENTACH ELECTROMECHANICAL CO., LTD: BUSINESS OVERVIEW
TABLE 315 NINGBO YINZHOU HENTACH ELECTROMECHANICAL CO., LTD: PRODUCTS OFFERED
13.2.7 MOTOR APPLIANCE CORPORATION (MAC)
TABLE 316 MOTOR APPLIANCE CORPORATION(MAC): BUSINESS OVERVIEW
TABLE 317 MOTOR APPLIANCE CORPORATION(MAC): PRODUCTS OFFERED
13.2.8 MAHLE GROUP
TABLE 318 MAHLE GROUP: BUSINESS OVERVIEW
FIGURE 91 MAHLE GROUP: COMPANY SNAPSHOT
TABLE 319 MAHLE GROUP: PRODUCTS OFFERED
TABLE 320 MAHLE GROUP: NEW PRODUCT LAUNCHES
TABLE 321 MAHLE GROUP: DEALS
TABLE 322 MAHLE GROUP: OTHERS
13.2.9 ACCELERATED SYSTEMS INC.
TABLE 323 ACCELERATED SYSTEMS INC.: BUSINESS OVERVIEW
TABLE 324 ACCELERATED SYSTEMS INC.: PRODUCTS OFFERED
TABLE 325 ACCELERATED SYSTEMS INC.: DEALS
13.2.10 CURTIS INSTRUMENTS INC.
TABLE 326 CURTIS INSTRUMENTS INC.: BUSINESS OVERVIEW
TABLE 327 CURTIS INSTRUMENTS INC.: PRODUCTS OFFERED
TABLE 328 CURTIS INSTRUMENTS INC.: NEW PRODUCT LAUNCHES
TABLE 329 CURTIS INSTRUMENTS INC.: DEALS
TABLE 330 CURTIS INSTRUMENTS INC.: OTHERS
13.2.11 QS MOTOR LTD.
TABLE 331 QS MOTOR LTD.: BUSINESS OVERVIEW
TABLE 332 QS MOTOR LTD.: PRODUCTS OFFERED
13.2.12 CRYSTALYTE MOTORS
TABLE 333 CRYSTALYTE MOTORS: BUSINESS OVERVIEW
TABLE 334 CRYSTALYTE MOTORS: PRODUCTS OFFERED
13.2.13 PROTEAN ELECTRIC
TABLE 335 PROTEAN ELECTRIC: BUSINESS OVERVIEW
TABLE 336 PROTEAN ELECTRIC: PRODUCTS OFFERED
TABLE 337 PROTEAN ELECTRIC: DEALS
TABLE 338 PROTEAN ELECTRIC: OTHERS
13.2.14 NTN GROUP
TABLE 339 NTN GROUP: BUSINESS OVERVIEW
FIGURE 92 NTN GROUP: COMPANY SNAPSHOT
TABLE 340 NTN GROUP: PRODUCTS OFFERED
13.2.15 NSK LTD.
TABLE 341 NSK LTD.: BUSINESS OVERVIEW
FIGURE 93 NSK LTD.: COMPANY SNAPSHOT
TABLE 342 NSK LTD.: PRODUCTS OFFERED
TABLE 343 NSK LTD.: NEW PRODUCT LAUNCHES
13.2.16 ELAPHE PROPULSION TECHNOLOGIES LTD.
TABLE 344 ELAPHE PROPULSION TECHNOLOGIES LTD.: BUSINESS OVERVIEW
TABLE 345 ELAPHE PROPULSION TECHNOLOGIES LTD.: PRODUCTS OFFERED
TABLE 346 ELAPHE PROPULSION TECHNOLOGIES LTD.: DEALS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS
13.3.1 GOVECS GROUP
13.3.2 LIT MOTORS INC.
13.3.3 MAGNA INTERNATIONAL
13.3.4 CONTINENTAL AG
13.3.5 WETTSEN CORPORATION
13.3.6 EVUM MOTORS
13.3.7 ALKE
13.3.8 CFMOTO
13.3.9 PILOTCAR ELECTRIC VEHICLES
13.3.10 BALKANCAR RECORD
13.3.11 DRR USA
13.3.12 LINHAI
13.3.13 NEBULA AUTOMOTIVE PVT. LIMITED
13.3.14 AMERICAN LANDMASTER
13.3.15 ECO CHARGER
13.3.16 EXCAR
13.3.17 SUZHOU EAGLE ELECTRIC VEHICLE
13.3.18 POWERLAND AGRO TRACTOR VEHICLES
13.3.19 CROSSFIRE MOTORCYCLES
13.3.20 VOLCON
13.3.21 TESLA INC.
13.3.22 AUTO RENNEN INDIA
13.3.23 SMART CART
14 RECOMMENDATION (Page No. - 401)
14.1 ASIA PACIFIC TO BE KEY MARKET FOR LEVS
14.2 KEY FOCUS AREAS FOR LEV MANUFACTURERS: RISING E-COMMERCE SECTOR AND STANDARD SAFETY FEATURES
14.3 CONCLUSION
15 APPENDIX (Page No. - 403)
15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
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