Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Light Electric Vehicle Market by Type (Golf Cart, Sightseeing Car, Electric Patrol Car, Other), By Application (Golf Course, Landscape, Tourism, Hotel, Park, Manor, Shopping Carts, Scooters, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Light Electric Vehicle Market by Type (Golf Cart, Sightseeing Car, Electric Patrol Car, Other), By Application (Golf Course, Landscape, Tourism, Hotel, Park, Manor, Shopping Carts, Scooters, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 198684 3300 Automobile & Transportation 377 239 Pages 4.6 (33)
                                          

Market Overview:


The global light electric vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles across the globe, coupled with the rising awareness about environment-friendly transportation options. The global light electric vehicle market can be segmented on the basis of type into golf carts, sightseeing cars, electric patrol cars, and other types. The golf cart segment is expected to account for a major share of the global light electric vehicle market in terms of revenue during the forecast period. This can be attributed to their growing popularity among consumers as an affordable and eco-friendly mode of transportation. On the basis of application,the global light electric vehicle market can be divided into golf courses, landscapes, tourism destinations (hotels/resorts), park areas & gardens (manors), shopping carts & shuttles (malls/stores), scooters & motorcycles (urban transportations), and other applications.


Global Light Electric Vehicle Industry Outlook


Product Definition:


A light electric vehicle (LEV) is a battery-powered vehicle with a small engine or electric motor that assists in propulsion. LEVs are generally classified as either bicycles or motorcycles, depending on their power and speed.


Golf Cart:


Golf cart is a small motorized vehicle used for playing golf. It has a set of wheels as its primary means of transportation and is designed to carry the equipment required for play including clubs, ball, and others. The global market size spans two broad segments - by product type (conventional carts & electric carts) and by end-use (residential & commercial).


Sightseeing Car:


Sightseeing car is a type of electric vehicle that is designed primarily for tourists and travelers. It has been defined as a hybrid between a conventional car, which is driven on normal roads and highways, along with an EV, which can be used for extended distances on battery power alone. The first sightseeing cars were manufactured in the early days of the electric vehicles market by combining conventional internal combustion engine automobiles with batteries.


Application Insights:


The golf course was the leading application segment in 2017, accounting for over 40% of the global market share. The segment is expected to maintain its dominance throughout the forecast period owing to various advantages associated with electric vehicles on golf courses such as reduced noise and emissions, improved safety for pedestrians and players, and enhanced aesthetics.


Landscape is expected to be one of the fastest-growing segments due to increased government support towards promoting tourism across countries globally. Countries such as China are focusing on developing policies that will encourage domestic travel and foreign tourists arrivals through marketing strategies such as offering tax rebates on passenger cars used by foreign visitors. This trend is projected to drive demand for LEVs in landscape applications over the coming years.


Regional Analysis:


North America dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing government initiatives and investments for developing smart cities. For instance, in June 2018, U.S based company Tesla Inc announced a partnership with Panasonic Corporation of North America for manufacturing solar panels at a plant in Buffalo, New York state, U.S., which is anticipated to create more than 2 thousand jobs by 2020.


Growth Factors:


  • Increasing demand for environment-friendly vehicles: The global Light Electric Vehicle market is expected to grow at a significant pace in the next few years, owing to the increasing demand for environment-friendly vehicles.
  • Rising disposable income of consumers: The growth of the Light Electric Vehicle market is also attributed to the rising disposable income of consumers, which has led to an increase in their purchasing power.
  • Technological advancements: The development of new and innovative technologies has helped in propelling the growth of this market significantly over the past few years.
  • Growing awareness about energy efficiency: There is a growing awareness among people about energy efficiency, which is helping fuel the growth of this market considerably.

Scope Of The Report

Report Attributes

Report Details

Report Title

Light Electric Vehicle Market Research Report

By Type

Golf Cart, Sightseeing Car, Electric Patrol Car, Other

By Application

Golf Course, Landscape, Tourism, Hotel, Park, Manor, Shopping Carts, Scooters, Other

By Companies

Suzuki, BMW Motorrad, Gogoro, Honda, iO Power Roller, Lit Motors, Mahindra GenZe, Piaggio Group (Vespa), SunRa, Terra Motors, Vmoto Ltd., Yadea Technology Group, Yamaha Motor Co., Ltd, Zero Motorcycles

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

239

Number of Tables & Figures

168

Customization Available

Yes, the report can be customized as per your need.


Global Light Electric Vehicle Market Report Segments:

The global Light Electric Vehicle market is segmented on the basis of:

Types

Golf Cart, Sightseeing Car, Electric Patrol Car, Other

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

Golf Course, Landscape, Tourism, Hotel, Park, Manor, Shopping Carts, Scooters, Other

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:

  1. Suzuki
  2. BMW Motorrad
  3. Gogoro
  4. Honda
  5. iO Power Roller
  6. Lit Motors
  7. Mahindra GenZe
  8. Piaggio Group (Vespa)
  9. SunRa
  10. Terra Motors
  11. Vmoto Ltd.
  12. Yadea Technology Group
  13. Yamaha Motor Co., Ltd
  14. Zero Motorcycles

Global Light Electric Vehicle Market Overview


Highlights of The Light Electric Vehicle Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Golf Cart
    2. Sightseeing Car
    3. Electric Patrol Car
    4. Other
  1. By Application:

    1. Golf Course
    2. Landscape, Tourism, Hotel
    3. Park, Manor
    4. Shopping Carts, Scooters
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Light Electric Vehicle 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Light Electric Vehicle Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A Light Electric Vehicle (LEV) is a type of electric vehicle that uses less energy than traditional gasoline or diesel-powered vehicles. LEVs are typically powered by electricity from batteries, and they can travel up to 100 miles on a single charge.

Some of the major players in the light electric vehicle market are Suzuki, BMW Motorrad, Gogoro, Honda, iO Power Roller, Lit Motors, Mahindra GenZe, Piaggio Group (Vespa), SunRa, Terra Motors, Vmoto Ltd., Yadea Technology Group, Yamaha Motor Co., Ltd, Zero Motorcycles.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Light Electric Vehicle 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. Light Electric Vehicle Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Light Electric Vehicle Market - Supply Chain
   4.5. Global Light Electric Vehicle Market Forecast
      4.5.1. Light Electric Vehicle Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Light Electric Vehicle Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Light Electric Vehicle Market Absolute $ Opportunity

5. Global Light Electric Vehicle 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. Light Electric Vehicle Market Size and Volume Forecast by Type
      5.3.1. Golf Cart
      5.3.2. Sightseeing Car
      5.3.3. Electric Patrol Car
      5.3.4. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Light Electric Vehicle 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. Light Electric Vehicle Market Size and Volume Forecast by Application
      6.3.1. Golf Course
      6.3.2. Landscape, Tourism, Hotel
      6.3.3. Park, Manor
      6.3.4. Shopping Carts, Scooters
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Light Electric Vehicle 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. Light Electric Vehicle 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 Light Electric Vehicle 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. Light Electric Vehicle 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 Light Electric Vehicle Demand Share Forecast, 2019-2026

9. North America Light Electric Vehicle 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 Light Electric Vehicle 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 Light Electric Vehicle Market Size and Volume Forecast by Application
      9.4.1. Golf Course
      9.4.2. Landscape, Tourism, Hotel
      9.4.3. Park, Manor
      9.4.4. Shopping Carts, Scooters
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Light Electric Vehicle Market Size and Volume Forecast by Type
      9.7.1. Golf Cart
      9.7.2. Sightseeing Car
      9.7.3. Electric Patrol Car
      9.7.4. Other
   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 Light Electric Vehicle Demand Share Forecast, 2019-2026

10. Latin America Light Electric Vehicle 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 Light Electric Vehicle 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 Light Electric Vehicle Market Size and Volume Forecast by Application
      10.4.1. Golf Course
      10.4.2. Landscape, Tourism, Hotel
      10.4.3. Park, Manor
      10.4.4. Shopping Carts, Scooters
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Light Electric Vehicle Market Size and Volume Forecast by Type
      10.7.1. Golf Cart
      10.7.2. Sightseeing Car
      10.7.3. Electric Patrol Car
      10.7.4. Other
   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 Light Electric Vehicle Demand Share Forecast, 2019-2026

11. Europe Light Electric Vehicle 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 Light Electric Vehicle 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 Light Electric Vehicle Market Size and Volume Forecast by Application
      11.4.1. Golf Course
      11.4.2. Landscape, Tourism, Hotel
      11.4.3. Park, Manor
      11.4.4. Shopping Carts, Scooters
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Light Electric Vehicle Market Size and Volume Forecast by Type
      11.7.1. Golf Cart
      11.7.2. Sightseeing Car
      11.7.3. Electric Patrol Cr
      11.7.4. Other
   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
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Light Electric Vehicle Demand Share, 2019-2026

12. Asia Pacific Light Electric Vehicle 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 Light Electric Vehicle 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 Light Electric Vehicle Market Size and Volume Forecast by Application
      12.4.1. Golf Course
      12.4.2. Landscape, Tourism, Hotel
      12.4.3. Park, Manor
      12.4.4. Shopping Carts, Scooters
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Light Electric Vehicle Market Size and Volume Forecast by Type
      12.7.1. Golf Cart
      12.7.2. Sightseeing Car
      12.7.3. Electric Patrol Car
      12.7.4. Other
   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 Light Electric Vehicle Demand Share, 2019-2026

13. Middle East & Africa Light Electric Vehicle 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 Light Electric Vehicle 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 Light Electric Vehicle Market Size and Volume Forecast by Application
      13.4.1. Golf Course
      13.4.2. Landscape, Tourism, Hotel
      13.4.3. Park, Manor
      13.4.4. Shopping Carts, Scooters
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Light Electric Vehicle Market Size and Volume Forecast by Type
      13.7.1. Golf Cart
      13.7.2. Sightseeing Car
      13.7.3. Electric Patrol Car
      13.7.4. Other
   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 Light Electric Vehicle Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Light Electric Vehicle Market: Market Share Analysis
   14.2. Light Electric Vehicle Distributors and Customers
   14.3. Light Electric Vehicle Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Suzuki
         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 Motorrad
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Gogoro
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Honda
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. iO Power Roller
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Lit Motors
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Mahindra GenZe
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Piaggio Group (Vespa)
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. SunRa
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Terra Motors
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Vmoto Ltd.
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Yadea Technology Group
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Yamaha Motor Co., Ltd
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Zero Motorcycles
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         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

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