Light Electric Vehicle Market Size, Share, Trend & Forecast 2034

Light Electric Vehicle Market Overview for 2024 to 2034

The light electric vehicle market is expected to rise at a CAGR of 10.6% during the projected period. The market value is projected to increase from US$ 98.2 billion in 2024 to US$ 268.0 billion by 2034.

Attributes	Details
Light Electric Vehicle Market Size, 2024	US$ 98.2 billion
Projected Market Size, 2034	US$ 268 billion
Value-based CAGR (2024 to 2034)	10.6%

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Light Electric Vehicle Market Size, Analysis, and Insights

The market is being driven by the rise in air pollution and the need for clean transportation options.
LEVs are gaining popularity in various cities around the world, where air pollution is a severe problem. People are turning to LEVs as an eco-friendly and efficient alternative to traditional gasoline-powered vehicles.
The increasing demand for last-mile connectivity is also contributing to the growth of the market.
With the rise of eCommerce and online shopping, the need for quick and efficient delivery services has increased. LEVs, particularly electric bicycles and scooters, have emerged as a practical and cost-effective solution for last-mile delivery.
The advancement of technology and innovation in the industry is expected to drive the growth of the industry.
The development of more powerful and efficient electric motors, batteries, and charging infrastructure has made LEVs more practical and reliable for everyday use. With the introduction of smart features like GPS tracking, remote locking, and real-time monitoring, LEVs have become more user-friendly and convenient.
Governments and regulatory bodies are promoting the adoption of LEVs by offering incentives and subsidies to consumers who purchase electric vehicles. The governmental urge to maintain sustainability standards is promoting the cause of these initiatives.
The increasing interest of investors in the LEV market is contributing to its growth.
Start-ups are emerging, offering innovative and affordable electric vehicles. The market is witnessing collaborations between established automobile manufacturers and start-ups to develop new electric vehicles and expand their market reach.

Key Opportunities for the Light Electric Vehicle Market

The increasing demand for LEVs in urban areas is anticipated to create lucrative opportunities in industry. As cities become more crowded and traffic congestion worsens, consumers are looking for alternative transportation options that are faster, more affordable, and more environmentally friendly than cars.
The growing trend towards e-commerce and home delivery services. As more consumers shop online and expect quick and convenient delivery, there is a need for efficient and cost-effective transportation solutions.
The rise of the sharing economy presents a significant market opportunity for LEV manufacturers.
Bike-sharing and scooter-sharing services have become increasingly popular in recent years, especially in urban areas.

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Challenges in the Light Electric Vehicle Market

The limited range of LEVs compared to traditional gasoline-powered vehicles is increasing the need to frequently recharge their LEVs, which can be a hassle and limit the distance they can travel.
The high initial cost of LEVs makes them less accessible to price-sensitive consumers. Manufacturers are investing in research and development to bring down the cost of production, which can take time and money.
The regulatory environment is another challenge for manufacturers in the LEV market. Governments worldwide are implementing policies to reduce emissions, which could favor LEVs. However, the policies are inconsistent across different regions, which can create uncertainty for manufacturers.
Competition is intense in the LEV market, with several established players vying for market share. Manufacturers need to differentiate themselves by offering unique features or pricing strategies to attract customers.

Comparative View of Adjacent Markets

In addition to the light electric vehicle market, a thorough analysis has been conducted on two other associated markets, namely, the market for electric light commercial vehicles and the market for hybrid vehicles.

The demand for electric light commercial vehicles is growing due to the growing awareness of environmental issues and regulations, which encourages the use of clean energy solutions.

Hybrid vehicles are witnessing an increasing demand due to rising fuel prices, government incentives, and the need for more fuel-efficient vehicles.

Light Electric Vehicle Market:

Attributes	Light Electric Vehicle Market
Value-based CAGR (2024 to 2034)	10.6%
Market Trends	The increasing demand for last-mile connectivity
Growth Opportunities	Increasing demand for LEVs in urban areas

Electric Light Commercial Vehicle Market:

Attributes	Electric Light Commercial Vehicle Market
Value-based CAGR (2024 to 2034)	9.5%
Market Trends	The rising popularity of all types of electric vehicles (EVs)
Growth Opportunities	Increasing demand for logistics services or door-to-door delivery businesses

Hybrid Vehicles Market:

Attributes	Hybrid Vehicles Market
Value-based CAGR (2024 to 2034)	21.6%
Market Trends	Rising popularity of plug-in hybrid vehicles
Growth Opportunities	Acceptance of luxury vehicles, enforcement of severe emission-related regulations, and high demand for electric vehicles

Category-wise Insights

The 2-wheeler Segment Dominates the Market by Vehicle Category

Attributes	Details
Top Vehicle Category	2-wheeler
CAGR (2024 to 2034)	10.4%

2-wheelers are generally more affordable than other types of vehicles, making them a popular choice for budget-conscious consumers.
2-wheelers are versatile and can navigate through congested urban areas more easily than larger vehicles. Versatility makes them an ideal choice for commuters who need to get to work or school quickly and efficiently.
2-wheelers are generally more convenient than larger vehicles, especially in terms of parking. With limited parking space in urban areas, 2-wheelers can be parked in smaller spaces, making them a more practical option for those who live in cities.

The E-Scooter Segment Dominates the Market by Vehicle Type

Attributes	Details
Top Vehicle Type	E-Scooter
CAGR (2024 to 2034)	10.2%

E-scooters are affordable and easy to use, making them an attractive option for consumers looking for a convenient and environmentally friendly way to get around.
Changing consumer preferences. With an increasing focus on health and wellness, many consumers are looking for ways to incorporate exercise into their daily routines.
The e-scooter segment has seen significant growth in urban areas, where high population densities and limited parking options make traditional modes of transport less attractive.

Country-wise insights

Countries	CAGR through 2024 to 2034
United States	10.8%
United Kingdom	11.5%
China	12.0%
Japan	11.9%
South Korea	12.3%

Growing Demand for Sustainable and Eco-Friendly Products in the United States

There is an increasing concern for the environment and the need to reduce carbon emissions in the United States. As a result, many consumers are turning to electric vehicles as a more sustainable mode of transportation.
The rising cost of gasoline and the desire to save money on fuel. Electric vehicles are generally cheaper to operate compared to traditional gas-powered cars, making them an attractive option for budget-conscious consumers in the United States.
The government has been promoting the use of electric vehicles through various incentives and policies, which has helped to increase demand.
The market for light electric vehicles in the United States is also being fueled by the entry of new players into the market. Many established car manufacturers are investing heavily in electric vehicles and are introducing new models to meet the growing demand.

Increasing Demand for Lightweight and High-Performance Materials across Various Industries in the United Kingdom

The increasing awareness of the need to reduce carbon emissions and combat climate change in the United Kingdom. As people become more environmentally conscious, they are looking for ways to reduce their carbon footprint, and electric vehicles are seen as a cleaner and more sustainable alternative to traditional petrol or diesel-powered vehicles.
The UK has a well-developed public transport system in many cities and people are more likely to use electric scooters or bicycles for short trips, rather than relying on their cars.

Rising Government's Massive Investments in Infrastructure Projects in China

The Chinese government is actively promoting the use of electric vehicles to reduce pollution and combat climate change.
The cost of owning and operating a light electric vehicle in China is much lower than that of a traditional gasoline vehicle.
The rise of e-commerce and food delivery services in China has led to an increase in demand for light electric vehicles such as e-bikes and e-scooters.
The market is highly fragmented, with many small and medium-sized players competing for market share in China.
The industry is rapidly evolving, with new technologies and business models emerging all the time in China.

Need For Functional Composites in Manufacturing Industries in Japan

Japan has been at the forefront of electric vehicle technology for several decades, and its commitment to sustainability and reducing greenhouse gas emissions has helped to fuel the growth of the light electric vehicle market.
The Japanese government has implemented a range of incentives and subsidies to encourage the purchase and use of electric vehicles, including tax credits, subsidies for the installation of charging infrastructure, and exemptions from certain taxes and fees.
The country's aging population. As Japan's population continues to age, there is a growing need for mobility solutions that are more accessible and easier to use.

Increasing Focus on Innovation and Sustainability in South Korea

South Korea has been experiencing a significant increase in the demand for light electric vehicles (LEVs) in recent years.
The rising cost of fuel in South Korea. With gasoline prices at an all-time high, consumers are looking for more cost-effective transportation alternatives. LEVs provide an affordable and eco-friendly solution to this problem, making them an attractive option for many consumers.
The growing interest in personal mobility solutions has also played a significant role in the rise of the LEV market in South Korea. As more people move to cities and urban centers, there is a growing need for convenient and efficient transportation options.

Competitive Landscape

The light electric vehicle market is becoming increasingly competitive as more players enter the space. Companies have developed a unique approach to developing and marketing their electric vehicles, with some focusing on affordability, while others prioritize performance and luxury features.

Recent Development

In 2022, Textron Ground Support Equipment Inc., a subsidiary of Textron Inc., has partnered with General Motors (GM) and Powertrain Control Solutions (PCS) to electrify its extensive range of products. GM and PCS have developed an integrated driveline utilizing GM's lithium-ion battery systems specifically for Textron GSE products. With the driveline, Textron GSE will be able to leverage GM's proficiency in electric propulsion systems.

Key Market Players

AIMA Technology Group Co. Ltd.
Terra Motors Corporation
Jiangsu Xinri E-Vehicle Co. Ltd.
Zhejiang Luyuan Electric Vehicle Co. Ltd.
Yamaha Motor Co. Ltd.
Mahindra Electric Mobility Limited
BMW AG
Terra Motors Corporation
Zero Motorcycles Inc.
Energica Motor Company S.p.A
Tesla, Inc.
BMW Group
Columbia Vehicle Group Inc
Godrej Group

Key Coverage in the Light Electric Vehicle Market Report

Electric Skateboard Market Landscape
Commuter electric vehicle Adoption Assessment
Plug-in electric light vehicle sales Outlook
Electric Motorcycle Innovations Analysis
Electric bicycle Pricing Scenario

Key Market Segmentation

By Vehicle Category:

2-wheelers
3-wheelers
4-wheelers

By Vehicle Type:

e-scooter
e-ATV/UTV
Neighborhood Electric Vehicle
e-bike & Motorcycle
e-lawn Mower
Autonomous Forklifts
Others

By Component Type:

Battery Pack
Electric Motor
Motor Controller & Power Controller
Inverters
e-brake Booster & Power Electronics

By Application:

Personal Mobility
Shared Mobility
Recreation & Sports
Commercial

By Power Output:

Less than 6 kW
6-9 kW
9-15 kW

By Region:

North America
Latin America
East Asia
South Asia
Europe
Oceania
MEA

Frequently Asked Questions

How Big is the Light Electric Vehicle Market in 2024?

The electric vehicle market is currently valued at US$ 98.2 billion in 2024.

What is China’s Market Outlook?

The market in China is expected to progress at a CAGR of 12.0% over the forecast period.

Which Vehicle Segment Contributes More to the Light Electric Vehicle Market?

Within the vehicle category, the 2-wheeler segment is expected to register a CAGR of 10.4% from 2024 to 2034.

What is the United States Market Outlook?

The United States market is expected to register a CAGR of 10.8% from 2024 to 2034.

What is the Projected Market Value by 2034?

The market is set to reach a valuation of around US$ 268.0 billion by 2034.

What was the Historical CAGR for the Market?

The demand for electric vehicles increased at a 14.1% CAGR from 2019 to 2023.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyer’s

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034

4.2.1. Y-o-Y Growth Trend Analysis

4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vehicle Category

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Category, 2019 to 2023

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Category, 2024 to 2034

5.3.1. 2-wheelers

5.3.2. 3-wheelers

5.3.3. 4-wheelers

5.4. Y-o-Y Growth Trend Analysis By Vehicle Category, 2019 to 2023

5.5. Absolute $ Opportunity Analysis By Vehicle Category, 2024 to 2034

6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Vehicle Type

6.1. Introduction / Key Findings

6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2019 to 2023

6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2024 to 2034

6.3.1. e-scooter

6.3.2. e-ATV/UTV

6.3.3. Neighborhood Electric Vehicle

6.3.4. e-bike & Motorcycle

6.3.5. e-lawn Mower

6.3.6. Autonomous Forklifts

6.3.7. Others

6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2019 to 2023

6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2024 to 2034

7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component Type

7.1. Introduction / Key Findings

7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component Type, 2019 to 2023

7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component Type, 2024 to 2034

7.3.1. Battery Pack

7.3.2. Electric Motor

7.3.3. Motor Controller & Power Controller

7.3.4. Inverters

7.3.5. e-brake Booster & Power Electronics

7.4. Y-o-Y Growth Trend Analysis By Component Type, 2019 to 2023

7.5. Absolute $ Opportunity Analysis By Component Type, 2024 to 2034

8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application

8.1. Introduction / Key Findings

8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2019 to 2023

8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2024 to 2034

8.3.1. Personal Mobility

8.3.2. Shared Mobility

8.3.3. Recreation & Sports

8.3.4. Commercial

8.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023

8.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034

9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Power Output

9.1. Introduction / Key Findings

9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Power Output, 2019 to 2023

9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Power Output, 2024 to 2034

9.3.1. Less than 6 kW

9.3.2. 6-9 kW

9.3.3. 9-15 kW

9.4. Y-o-Y Growth Trend Analysis By Power Output, 2019 to 2023

9.5. Absolute $ Opportunity Analysis By Power Output, 2024 to 2034

10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region

10.1. Introduction

10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023

10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034

10.3.1. North America

10.3.2. Latin America

10.3.3. Western Europe

10.3.4. Eastern Europe

10.3.5. South Asia and Pacific

10.3.6. East Asia

10.3.7. Middle East and Africa

10.4. Market Attractiveness Analysis By Region

11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

11.2.1. By Country

11.2.1.1. USA

11.2.1.2. Canada

11.2.2. By Vehicle Category

11.2.3. By Vehicle Type

11.2.4. By Component Type

11.2.5. By Application

11.2.6. By Power Output

11.3. Market Attractiveness Analysis

11.3.1. By Country

11.3.2. By Vehicle Category

11.3.3. By Vehicle Type

11.3.4. By Component Type

11.3.5. By Application

11.3.6. By Power Output

11.4. Key Takeaways

12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

12.2.1. By Country

12.2.1.1. Brazil

12.2.1.2. Mexico

12.2.1.3. Rest of Latin America

12.2.2. By Vehicle Category

12.2.3. By Vehicle Type

12.2.4. By Component Type

12.2.5. By Application

12.2.6. By Power Output

12.3. Market Attractiveness Analysis

12.3.1. By Country

12.3.2. By Vehicle Category

12.3.3. By Vehicle Type

12.3.4. By Component Type

12.3.5. By Application

12.3.6. By Power Output

12.4. Key Takeaways

13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

13.2.1. By Country

13.2.1.1. Germany

13.2.1.2. UK

13.2.1.3. France

13.2.1.4. Spain

13.2.1.5. Italy

13.2.1.6. Rest of Western Europe

13.2.2. By Vehicle Category

13.2.3. By Vehicle Type

13.2.4. By Component Type

13.2.5. By Application

13.2.6. By Power Output

13.3. Market Attractiveness Analysis

13.3.1. By Country

13.3.2. By Vehicle Category

13.3.3. By Vehicle Type

13.3.4. By Component Type

13.3.5. By Application

13.3.6. By Power Output

13.4. Key Takeaways

14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

14.2.1. By Country

14.2.1.1. Poland

14.2.1.2. Russia

14.2.1.3. Czech Republic

14.2.1.4. Romania

14.2.1.5. Rest of Eastern Europe

14.2.2. By Vehicle Category

14.2.3. By Vehicle Type

14.2.4. By Component Type

14.2.5. By Application

14.2.6. By Power Output

14.3. Market Attractiveness Analysis

14.3.1. By Country

14.3.2. By Vehicle Category

14.3.3. By Vehicle Type

14.3.4. By Component Type

14.3.5. By Application

14.3.6. By Power Output

14.4. Key Takeaways

15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

15.2.1. By Country

15.2.1.1. India

15.2.1.2. Bangladesh

15.2.1.3. Australia

15.2.1.4. New Zealand

15.2.1.5. Rest of South Asia and Pacific

15.2.2. By Vehicle Category

15.2.3. By Vehicle Type

15.2.4. By Component Type

15.2.5. By Application

15.2.6. By Power Output

15.3. Market Attractiveness Analysis

15.3.1. By Country

15.3.2. By Vehicle Category

15.3.3. By Vehicle Type

15.3.4. By Component Type

15.3.5. By Application

15.3.6. By Power Output

15.4. Key Takeaways

16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

16.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

16.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

16.2.1. By Country

16.2.1.1. China

16.2.1.2. Japan

16.2.1.3. South Korea

16.2.2. By Vehicle Category

16.2.3. By Vehicle Type

16.2.4. By Component Type

16.2.5. By Application

16.2.6. By Power Output

16.3. Market Attractiveness Analysis

16.3.1. By Country

16.3.2. By Vehicle Category

16.3.3. By Vehicle Type

16.3.4. By Component Type

16.3.5. By Application

16.3.6. By Power Output

16.4. Key Takeaways

17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country

17.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023

17.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034

17.2.1. By Country

17.2.1.1. GCC Countries

17.2.1.2. South Africa

17.2.1.3. Israel

17.2.1.4. Rest of MEA

17.2.2. By Vehicle Category

17.2.3. By Vehicle Type

17.2.4. By Component Type

17.2.5. By Application

17.2.6. By Power Output

17.3. Market Attractiveness Analysis

17.3.1. By Country

17.3.2. By Vehicle Category

17.3.3. By Vehicle Type

17.3.4. By Component Type

17.3.5. By Application

17.3.6. By Power Output

17.4. Key Takeaways

18. Key Countries Market Analysis

18.1. USA

18.1.1. Pricing Analysis

18.1.2. Market Share Analysis, 2023

18.1.2.1. By Vehicle Category

18.1.2.2. By Vehicle Type

18.1.2.3. By Component Type

18.1.2.4. By Application

18.1.2.5. By Power Output

18.2. Canada

18.2.1. Pricing Analysis

18.2.2. Market Share Analysis, 2023

18.2.2.1. By Vehicle Category

18.2.2.2. By Vehicle Type

18.2.2.3. By Component Type

18.2.2.4. By Application

18.2.2.5. By Power Output

18.3. Brazil

18.3.1. Pricing Analysis

18.3.2. Market Share Analysis, 2023

18.3.2.1. By Vehicle Category

18.3.2.2. By Vehicle Type

18.3.2.3. By Component Type

18.3.2.4. By Application

18.3.2.5. By Power Output

18.4. Mexico

18.4.1. Pricing Analysis

18.4.2. Market Share Analysis, 2023

18.4.2.1. By Vehicle Category

18.4.2.2. By Vehicle Type

18.4.2.3. By Component Type

18.4.2.4. By Application

18.4.2.5. By Power Output

18.5. Germany

18.5.1. Pricing Analysis

18.5.2. Market Share Analysis, 2023

18.5.2.1. By Vehicle Category

18.5.2.2. By Vehicle Type

18.5.2.3. By Component Type

18.5.2.4. By Application

18.5.2.5. By Power Output

18.6. UK

18.6.1. Pricing Analysis

18.6.2. Market Share Analysis, 2023

18.6.2.1. By Vehicle Category

18.6.2.2. By Vehicle Type

18.6.2.3. By Component Type

18.6.2.4. By Application

18.6.2.5. By Power Output

18.7. France

18.7.1. Pricing Analysis

18.7.2. Market Share Analysis, 2023

18.7.2.1. By Vehicle Category

18.7.2.2. By Vehicle Type

18.7.2.3. By Component Type

18.7.2.4. By Application

18.7.2.5. By Power Output

18.8. Spain

18.8.1. Pricing Analysis

18.8.2. Market Share Analysis, 2023

18.8.2.1. By Vehicle Category

18.8.2.2. By Vehicle Type

18.8.2.3. By Component Type

18.8.2.4. By Application

18.8.2.5. By Power Output

18.9. Italy

18.9.1. Pricing Analysis

18.9.2. Market Share Analysis, 2023

18.9.2.1. By Vehicle Category

18.9.2.2. By Vehicle Type

18.9.2.3. By Component Type

18.9.2.4. By Application

18.9.2.5. By Power Output

18.10. Poland

18.10.1. Pricing Analysis

18.10.2. Market Share Analysis, 2023

18.10.2.1. By Vehicle Category

18.10.2.2. By Vehicle Type

18.10.2.3. By Component Type

18.10.2.4. By Application

18.10.2.5. By Power Output

18.11. Russia

18.11.1. Pricing Analysis

18.11.2. Market Share Analysis, 2023

18.11.2.1. By Vehicle Category

18.11.2.2. By Vehicle Type

18.11.2.3. By Component Type

18.11.2.4. By Application

18.11.2.5. By Power Output

18.12. Czech Republic

18.12.1. Pricing Analysis

18.12.2. Market Share Analysis, 2023

18.12.2.1. By Vehicle Category

18.12.2.2. By Vehicle Type

18.12.2.3. By Component Type

18.12.2.4. By Application

18.12.2.5. By Power Output

18.13. Romania

18.13.1. Pricing Analysis

18.13.2. Market Share Analysis, 2023

18.13.2.1. By Vehicle Category

18.13.2.2. By Vehicle Type

18.13.2.3. By Component Type

18.13.2.4. By Application

18.13.2.5. By Power Output

18.14. India

18.14.1. Pricing Analysis

18.14.2. Market Share Analysis, 2023

18.14.2.1. By Vehicle Category

18.14.2.2. By Vehicle Type

18.14.2.3. By Component Type

18.14.2.4. By Application

18.14.2.5. By Power Output

18.15. Bangladesh

18.15.1. Pricing Analysis

18.15.2. Market Share Analysis, 2023

18.15.2.1. By Vehicle Category

18.15.2.2. By Vehicle Type

18.15.2.3. By Component Type

18.15.2.4. By Application

18.15.2.5. By Power Output

18.16. Australia

18.16.1. Pricing Analysis

18.16.2. Market Share Analysis, 2023

18.16.2.1. By Vehicle Category

18.16.2.2. By Vehicle Type

18.16.2.3. By Component Type

18.16.2.4. By Application

18.16.2.5. By Power Output

18.17. New Zealand

18.17.1. Pricing Analysis

18.17.2. Market Share Analysis, 2023

18.17.2.1. By Vehicle Category

18.17.2.2. By Vehicle Type

18.17.2.3. By Component Type

18.17.2.4. By Application

18.17.2.5. By Power Output

18.18. China

18.18.1. Pricing Analysis

18.18.2. Market Share Analysis, 2023

18.18.2.1. By Vehicle Category

18.18.2.2. By Vehicle Type

18.18.2.3. By Component Type

18.18.2.4. By Application

18.18.2.5. By Power Output

18.19. Japan

18.19.1. Pricing Analysis

18.19.2. Market Share Analysis, 2023

18.19.2.1. By Vehicle Category

18.19.2.2. By Vehicle Type

18.19.2.3. By Component Type

18.19.2.4. By Application

18.19.2.5. By Power Output

18.20. South Korea

18.20.1. Pricing Analysis

18.20.2. Market Share Analysis, 2023

18.20.2.1. By Vehicle Category

18.20.2.2. By Vehicle Type

18.20.2.3. By Component Type

18.20.2.4. By Application

18.20.2.5. By Power Output

18.21. GCC Countries

18.21.1. Pricing Analysis

18.21.2. Market Share Analysis, 2023

18.21.2.1. By Vehicle Category

18.21.2.2. By Vehicle Type

18.21.2.3. By Component Type

18.21.2.4. By Application

18.21.2.5. By Power Output

18.22. South Africa

18.22.1. Pricing Analysis

18.22.2. Market Share Analysis, 2023

18.22.2.1. By Vehicle Category

18.22.2.2. By Vehicle Type

18.22.2.3. By Component Type

18.22.2.4. By Application

18.22.2.5. By Power Output

18.23. Israel

18.23.1. Pricing Analysis

18.23.2. Market Share Analysis, 2023

18.23.2.1. By Vehicle Category

18.23.2.2. By Vehicle Type

18.23.2.3. By Component Type

18.23.2.4. By Application

18.23.2.5. By Power Output

19. Market Structure Analysis

19.1. Competition Dashboard

19.2. Competition Benchmarking

19.3. Market Share Analysis of Top Players

19.3.1. By Regional

19.3.2. By Vehicle Category

19.3.3. By Vehicle Type

19.3.4. By Component Type

19.3.5. By Application

19.3.6. By Power Output

20. Competition Analysis

20.1. Competition Deep Dive

20.1.1. Tesla, Inc.

20.1.1.1. Overview

20.1.1.2. Product Portfolio

20.1.1.3. Profitability by Market Segments

20.1.1.4. Sales Footprint

20.1.1.5. Strategy Overview

20.1.1.5.1. Marketing Strategy

20.1.1.5.2. Product Strategy

20.1.1.5.3. Channel Strategy

20.1.2. BMW Group

20.1.2.1. Overview

20.1.2.2. Product Portfolio

20.1.2.3. Profitability by Market Segments

20.1.2.4. Sales Footprint

20.1.2.5. Strategy Overview

20.1.2.5.1. Marketing Strategy

20.1.2.5.2. Product Strategy

20.1.2.5.3. Channel Strategy

20.1.3. Columbia Vehicle Group Inc.

20.1.3.1. Overview

20.1.3.2. Product Portfolio

20.1.3.3. Profitability by Market Segments

20.1.3.4. Sales Footprint

20.1.3.5. Strategy Overview

20.1.3.5.1. Marketing Strategy

20.1.3.5.2. Product Strategy

20.1.3.5.3. Channel Strategy

20.1.4. Godrej Group

20.1.4.1. Overview

20.1.4.2. Product Portfolio

20.1.4.3. Profitability by Market Segments

20.1.4.4. Sales Footprint

20.1.4.5. Strategy Overview

20.1.4.5.1. Marketing Strategy

20.1.4.5.2. Product Strategy

20.1.4.5.3. Channel Strategy

20.1.5. Kion Group

20.1.5.1. Overview

20.1.5.2. Product Portfolio

20.1.5.3. Profitability by Market Segments

20.1.5.4. Sales Footprint

20.1.5.5. Strategy Overview

20.1.5.5.1. Marketing Strategy

20.1.5.5.2. Product Strategy

20.1.5.5.3. Channel Strategy

20.1.6. Yamaha Motor Co., Ltd.

20.1.6.1. Overview

20.1.6.2. Product Portfolio

20.1.6.3. Profitability by Market Segments

20.1.6.4. Sales Footprint

20.1.6.5. Strategy Overview

20.1.6.5.1. Marketing Strategy

20.1.6.5.2. Product Strategy

20.1.6.5.3. Channel Strategy

20.1.7. Textron, Inc.

20.1.7.1. Overview

20.1.7.2. Product Portfolio

20.1.7.3. Profitability by Market Segments

20.1.7.4. Sales Footprint

20.1.7.5. Strategy Overview

20.1.7.5.1. Marketing Strategy

20.1.7.5.2. Product Strategy

20.1.7.5.3. Channel Strategy

20.1.8. Polaris, Inc.

20.1.8.1. Overview

20.1.8.2. Product Portfolio

20.1.8.3. Profitability by Market Segments

20.1.8.4. Sales Footprint

20.1.8.5. Strategy Overview

20.1.8.5.1. Marketing Strategy

20.1.8.5.2. Product Strategy

20.1.8.5.3. Channel Strategy

20.1.9. BYD Company Ltd.

20.1.9.1. Overview

20.1.9.2. Product Portfolio

20.1.9.3. Profitability by Market Segments

20.1.9.4. Sales Footprint

20.1.9.5. Strategy Overview

20.1.9.5.1. Marketing Strategy

20.1.9.5.2. Product Strategy

20.1.9.5.3. Channel Strategy

20.1.10. Toyota Industries Corporation

20.1.10.1. Overview

20.1.10.2. Product Portfolio

20.1.10.3. Profitability by Market Segments

20.1.10.4. Sales Footprint

20.1.10.5. Strategy Overview

20.1.10.5.1. Marketing Strategy

20.1.10.5.2. Product Strategy

20.1.10.5.3. Channel Strategy

21. Assumptions & Acronyms Used

22. Research Methodology

Light Electric Vehicle Market

Light Electric Vehicle Market Forecast by 2-wheelers, 3-wheelers, and Others from 2024 to 2034