Global small electric vehicles market is expected to grow at a CAGR of around 12.5% during the forecast period, from 2021 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles due to their low emission levels and reduced fuel consumption. The global small electric vehicle market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into battery-powered vehicles and hybrid-electric vehicles. On the basis of application, it is segmented into passenger cars and commercial vehicles. Geographically, it has been analyzed across North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA). The global small electric vehicle market by technology type was dominated by battery-powered vehicles in 2017 with a share of over 60%. Battery-powered vehicle technology offers high performance with low maintenance cost as compared to other technologies such as hybrid-electric or fuel cell powered vehicle technologies which are still under development stage for commercialization purposes. Hybrid-electric technology offers better efficiency than battery powered vehicle technology but requires more maintenance cost than battery powered vehicle technology due to its complex design which includes two different power sources that need regular replacement or servicing depending on usage conditions such as mileage covered per day or number of days driven per week etc, whereas fuel cell powered vehicle technology offers zero emissions but requires hydrogen refueling stations for refueling purposes which are not available globally yet hence limiting its adoption rate in near future. Passenger car application accounted for over 50% share in 2017 followed by commercial applications with a share of around 30%. Passenger car application will continue dominating this market during forecast period owing to higher demand from end users who prefer these types of cars owing their comfort level and convenience features such as air conditioning system etc, whereas commercial applications will witness significant growth owing to increasing demand from industries like logistics industry where these types of cars offer better performance than conventional diesel fueled trucks due their lower operating costs coupled with zero emissions feature which makes them environment friendly too hence attracting more customers towards them during forecast period. 5a) There are many benefits associated with small electric vehicles including lower operating costs than traditional gas-powered cars, less maintenance costs because they don't have an engine or transmission system that needs regular oil changes or tune-ups, and they produce zero emissions when driving on electricity from renewable sources like solar power or wind power.
Some Of The Growth Factors Of This Market:
- The global population is expected to reach 9 billion by 2050, which will increase the demand for transportation.
- The cost of fuel is increasing and this will make electric vehicles more attractive to consumers.
- Governments are investing in infrastructure that supports electric vehicles, such as charging stations and battery swapping stations, which will help increase the adoption of these vehicles in the future.
- Electric vehicle technology has improved significantly over the past few years and this has led to a decrease in prices for these cars, making them more affordable for consumers who want an environmentally friendly car but can't afford a Tesla or other luxury car with similar features.
Industry Growth Insights published a new data on “Small Electric Vehicles Market”. The research report is titled “Small Electric Vehicles Market research by Types (By Technology Type, By Battery Type), By Applications (Passenger Car, Commercial Vehicle), By Players/Companies BYD Company Limited, BMW AG, Toyota Motor Corporation, Ford Motor Company, Zhengzhou Yutong Bus Co. Ltd, Audi AG, Tesla Inc, Nissan Motor Corporation, Fiat Chrysler Automobiles N.V, General Motors Company, Hyundai Motor Company, Volkswagen AG, Renault SA, Beijing Automotive Group Co., Ltd, Zhidou Electric Vehicle Sales Co., Ltd”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Small Electric Vehicles Market Research Report
By Type
By Technology Type, By Battery Type
By Application
Passenger Car, Commercial Vehicle
By Companies
BYD Company Limited, BMW AG, Toyota Motor Corporation, Ford Motor Company, Zhengzhou Yutong Bus Co. Ltd, Audi AG, Tesla Inc, Nissan Motor Corporation, Fiat Chrysler Automobiles N.V, General Motors Company, Hyundai Motor Company, Volkswagen AG, Renault SA, Beijing Automotive Group Co., Ltd, Zhidou Electric Vehicle Sales Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Small Electric Vehicles Market Report Segments:
The global Small Electric Vehicles market is segmented on the basis of:
Types
By Technology Type, By Battery Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BYD Company Limited
- BMW AG
- Toyota Motor Corporation
- Ford Motor Company
- Zhengzhou Yutong Bus Co. Ltd
- Audi AG
- Tesla Inc
- Nissan Motor Corporation
- Fiat Chrysler Automobiles N.V
- General Motors Company
- Hyundai Motor Company
- Volkswagen AG
- Renault SA
- Beijing Automotive Group Co., Ltd
- Zhidou Electric Vehicle Sales Co., Ltd
Highlights of The Small Electric Vehicles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Technology Type
- By Battery Type
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Small Electric Vehicles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Small electric vehicles are typically defined as those that have a battery capacity of up to 100 kilowatt hours.
Some of the major players in the small electric vehicles market are BYD Company Limited, BMW AG, Toyota Motor Corporation, Ford Motor Company, Zhengzhou Yutong Bus Co. Ltd, Audi AG, Tesla Inc, Nissan Motor Corporation, Fiat Chrysler Automobiles N.V, General Motors Company, Hyundai Motor Company, Volkswagen AG, Renault SA, Beijing Automotive Group Co., Ltd, Zhidou Electric Vehicle Sales Co., Ltd.
The small electric vehicles market is expected to grow at a compound annual growth rate of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Small Electric Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Small Electric Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Small Electric Vehicles Market - Supply Chain
4.5. Global Small Electric Vehicles Market Forecast
4.5.1. Small Electric Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Small Electric Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Small Electric Vehicles Market Absolute $ Opportunity
5. Global Small Electric Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Small Electric Vehicles Market Size and Volume Forecast by Type
5.3.1. By Technology Type
5.3.2. By Battery Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Small Electric Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Small Electric Vehicles Market Size and Volume Forecast by Application
6.3.1. Passenger Car
6.3.2. Commercial Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Small Electric Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Small Electric Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Small Electric Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Small Electric Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Small Electric Vehicles Demand Share Forecast, 2019-2026
9. North America Small Electric Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Small Electric Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Small Electric Vehicles Market Size and Volume Forecast by Application
9.4.1. Passenger Car
9.4.2. Commercial Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Small Electric Vehicles Market Size and Volume Forecast by Type
9.7.1. By Technology Type
9.7.2. By Battery Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Small Electric Vehicles Demand Share Forecast, 2019-2026
10. Latin America Small Electric Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Small Electric Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Small Electric Vehicles Market Size and Volume Forecast by Application
10.4.1. Passenger Car
10.4.2. Commercial Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Small Electric Vehicles Market Size and Volume Forecast by Type
10.7.1. By Technology Type
10.7.2. By Battery Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Small Electric Vehicles Demand Share Forecast, 2019-2026
11. Europe Small Electric Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Small Electric Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Small Electric Vehicles Market Size and Volume Forecast by Application
11.4.1. Passenger Car
11.4.2. Commercial Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Small Electric Vehicles Market Size and Volume Forecast by Type
11.7.1. By Technology Type
11.7.2. By Battery Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Small Electric Vehicles Demand Share, 2019-2026
12. Asia Pacific Small Electric Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Small Electric Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Small Electric Vehicles Market Size and Volume Forecast by Application
12.4.1. Passenger Car
12.4.2. Commercial Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Small Electric Vehicles Market Size and Volume Forecast by Type
12.7.1. By Technology Type
12.7.2. By Battery Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Small Electric Vehicles Demand Share, 2019-2026
13. Middle East & Africa Small Electric Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Small Electric Vehicles Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Small Electric Vehicles Market Size and Volume Forecast by Application
13.4.1. Passenger Car
13.4.2. Commercial Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Small Electric Vehicles Market Size and Volume Forecast by Type
13.7.1. By Technology Type
13.7.2. By Battery Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Small Electric Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Small Electric Vehicles Market: Market Share Analysis
14.2. Small Electric Vehicles Distributors and Customers
14.3. Small Electric Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BYD Company Limited
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BMW AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toyota Motor Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ford Motor Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhengzhou Yutong Bus Co. Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Audi AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tesla Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nissan Motor Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fiat Chrysler Automobiles N.V
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. General Motors Company
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hyundai Motor Company
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Volkswagen AG
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Renault SA
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Beijing Automotive Group Co., Ltd
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zhidou Electric Vehicle Sales Co., Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook