Light Electric Vehicles (LEVs) Market by Vehicle Category, Application (Personal Mobility, Shared Mobility, Recreation & Sports, Commercial), Power Output (Less than 6 kW, 6-9 kW, 9-15 kW), Component Type, Vehicle Type Region - Global Forecast to 2027

小型電気自動車(LEV)のグローバル市場予測(~2027):電動ATV/UTV、電動自転車、電動スクーター、電動バイク

◆タイトル:Light Electric Vehicles (LEVs) Market by Vehicle Category, Application (Personal Mobility, Shared Mobility, Recreation & Sports, Commercial), Power Output (Less than 6 kW, 6-9 kW, 9-15 kW), Component Type, Vehicle Type Region - Global Forecast to 2027
◆商品コード:AT8184-22
◆調査・発行会社:MarketsandMarkets
◆発行日:2022年10月24日
◆ページ数:410
◆レポート形式:PDF / 英語
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◆調査対象地域:グローバル
◆産業分野:自動車
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【レポートの概要】

MarketsandMarkets社によると、世界の小型電気自動車(LEV)市場規模は、2022年785億ドルから2027年1,227億ドルまで年平均9.4%成長すると予測されています。本調査レポートは、小型電気自動車(LEV)の世界市場について調査・分析し、イントロダクション、調査手法、エグゼクティブサマリー、プレミアムインサイト、市場概要、車種別(電動ATV/UTV、電動自転車、電動スクーター、電動バイク)分析、車両区分別(二輪車、三輪車、四輪車)分析、用途別(パーソナルモビリティ、シェアードモビリティ、レクリエーション&スポーツ、商用車)分析、出力別(6kW以下、6〜9kW、9〜15kW)分析、地域別(アジア太平洋、ヨーロッパ、北米)分析、競争状況などの項目を掲載しています。なお、本レポートに掲載されている企業情報には、Textron Inc. (US)、Polaris Inc. (US)、John Deere (US)、Yamaha Motor Co. Ltd. (Japan)、Club Car Inc. (US)、 BMW AG (Germany)などが含まれています。
・イントロダクション
・調査手法
・エグゼクティブサマリー
・プレミアムインサイト
・市場概要

・世界の小型電気自動車(LEV)市場規模:車種別
- 電動ATV/UTVの市場規模
- 電動自転車の市場規模
- 電動スクーターの市場規模
- 電動バイクの市場規模

・世界の小型電気自動車(LEV)市場規模:車両区分別
- 二輪車の市場規模
- 三輪車の市場規模
- 四輪車の市場規模

・世界の小型電気自動車(LEV)市場規模:用途別
- パーソナルモビリティにおける市場規模
- シェアードモビリティにおける市場規模
- レクリエーション&スポーツにおける市場規模
- 商用車における市場規模

・世界の小型電気自動車(LEV)市場規模:出力別
- 6kW出力以下LEVの市場規模
- 6〜9kW出力LEVの市場規模
- 9〜15kW出力LEVの市場規模

・世界の小型電気自動車(LEV)市場規模:地域別
- アジア太平洋の小型電気自動車(LEV)市場規模
- ヨーロッパの小型電気自動車(LEV)市場規模
- 北米の小型電気自動車(LEV)市場規模

・競争状況
・企業情報

“The light electric vehicle market is projected to grow from USD 78.5 billion in 2022 to USD 122.7 billion by 2027, registering a CAGR of 9.4%.”
E-ATV/UTVs, e-bike, e-scooter, e-motorcycle, neighbourhood electric vehicle, e-lawn mower (robotic e-lawn mower and manual e-lawn mower), electric industrial vehicle, autonomous forklifts, delivery robots, and automated guided vehicles were mapped as part of this research. The growth of battery and motor technology and government efforts to reduce emissions in urban areas has increased the demand for LEVs vehicles over the years. With the rapid setup of charging stations worldwide, demand for LEVs such as , e-bike, e-scooter, e-motorcycle, and neighbourhood electric vehicle (golf cart/others) has also increased. Technological breakthroughs in EV batteries and other EV technologies have made it possible to have high-power engines in electric ATVs and UTVs for off-roading (comparable to their ICE counterparts). This will create a shift in demand for electric ATVs and UTVs in the coming years.
The LEV market is primarily dominated by players like Textron Inc. (US), Polaris Inc. (US), John Deere (US), Yamaha Motor Co. Ltd. (Japan), Club Car Inc. (US), and BMW AG (Germany). The top key players in the e-ATV/UTV segment of the LEV market are Polaris Inc. (US), Toyota Industries (Japan), John Deere (US), and Textron Inc. (US). The top key players in the e-Bike segment of the LEV market are Accell Group NV (Netherlands), Merida Industry Co. Ltd. (Taiwan), Giant Manufacturing Co. Ltd. (Taiwan), and Yamaha Motor Company (Japan). The top key players in the e-scooter/motorcycle segment of the LEV market are Yadea Grup Holding Ltd. (China), Niu International (China), Zhejiang Luyuan Electric Vehicles Co. Ltd. (China), Hero Electric (India), and Jiangsu Xinri E-Vehicle (China). The top key players in the neighborhood electric vehicles segment of the LEV market are Textron Inc. (US), Yamaha Motor Co. Ltd. (Japan), The Toro Company (US), and John Deere (US). The top key players in the e-lawn mowers segment of the LEV market are John Deere (US), Honda Motor Co. Ltd. (Japan), The Toro Company (US), Yamabiko Corporation (Japan), and Husqvarna (Austria). The top key players in the light electric industrial vehicles segment of the LEV market are BYD (China), Yutong (China), and AB Volvo (Sweden). These players have worked on providing offerings for the LEV ecosystem. They have initiated partnerships to develop their LEV technology and offer best-in-class products to their customers.

“Personal and commercial LEVs to be the largest segment in market during the forecast period”
The increasing price of petroleum products is the primary factor driving the Light electric vehicle market for personal and commercial use. Electrical systems are more durable and efficient in regular use than mechanical models because they break less often due to a lesser number of moving parts, and hence less friction and wear. The lifetime ownership cost or total cost of ownership (TCO) is projected to decrease compared to a vehicle with an IC engine contributing to a further increase in demand for LEVs for personal and commercial use like e-ATVs/UTVs, neighborhood electric vehicles, e-bikes, e-scooters, and e-motorcycles and some special purpose vehicles like e-lawn mowers. For instance, to tap into the growing demand, Ecocharger, the UK manufacturer of all-electric ATVs and UTVs Ecocharger intends to increase the number of its dealerships in Europe. This suggests that either out of concern for the environment or to comply with rules or to reduce maintenance and usage costs, consumers are asking for more e-ATVs/UTVs. This, in turn, will augment revenues for the LEV market in the personal, commercial and recreational segments during the forecast period.

The number of warehouses per nation is rising as a result of the expanding demand to support the hub and spoke model in e-commerce, automotive component manufacturing, consumer products, and electronics sectors. Over the next five years, the warehouse and fulfilment sector is anticipated to increase by double digits, driving up demand for electric utility vehicles. The US ranks second among the top 10 e-commerce nations, with penetration increasing from roughly 10% of all retail sales in 2019 to approximately 15% in 2020. According to the US Bureau of Labor Statistics, there will be 19,194 warehouses in the US in 2020, up from 15,255 in 2011. By 2027, it is expected that worldwide online e-commerce sales will have doubled, adding almost 28,500 new warehouses to the stock. The European e-commerce market has grown by 24% from 2020-2021 according to the European e-commerce report 2022 and the Asia pacific e-commerce market registered a growth of 20% from 2020 to 2021 according to the insider intelligence report of 2022. The increased number of warehouses will likely lead to heightened demand for industrial LEVs attributed to their low maintenance and usage costs, dependability, and better load-carrying and handling capabilities. Most businesses provide electric forklifts, pallet trucks, tow tractors, and other vehicles for various end-use sectors. Due to their compliance with Tier 4 emission standards and lack of in-plant emissions, industrial LEVs are typically preferred by end users. Players are producing eco-friendlier industrial vehicles by manufacturing them in eco-friendly factories.

“GROWING SALES OF E-BIKES, E-SCOOTERS, AND E-MOTORCYCLES TO DRIVE THE LEV MARKET”
Two-wheeled vehicles use electric motors to attain motion. The electricity is stored in a rechargeable battery, which drives the electric motors. These vehicles are zero-emission electric motor-driven vehicles. The operating speed and top speed of electric two-wheelers are based on battery technology.
Scooters and bikes are easy-to-operate two-wheelers with a step-through frame and a platform for the user’s feet. These two-wheelers are affordable, lightweight, and easy to commute. On the other hand, motorcycles are heavier, faster, and bigger than scooters/mopeds. Depending on the requirement, these two-wheelers have different body designs and frames. The electric versions of scooters and motorcycles are powered by electricity stored in their batteries. Electronic systems are more resistant than mechanical models because they break less often due to less friction and less wear. As a result, electric two-wheelers last longer and reduce the environmental impact compared to fuel-powered vehicles. Manufacturers are expected to develop two-wheelers with a higher range than the current breed of electric two-wheelers. In May 2021, Yadea Group Holdings Ltd. launched the Yadea Champion 2.0 series of e-scooters equipped with the world-leading TTFAR 8 extended-range system. In March 2022, Okinawa Autotech also launched an electric scooter, Okinawa okhi90, which features 16-inch alloy wheels and a range of 160 km.

“Asia Pacific to lead LEV market in coming years by value”
Asia Pacific was the largest market for LEVs and accounted for approximately 59% of the market in 2021 by value, owing to the large-scale sale of LEVs wherein China was the largest and India was the fastest growing market. The market is supported by local and national incentives like the drafted law of India in July 2022 wherein all the fleet operators should have a 100% electric vehicle fleet, and innovative business models built around LEVs like delivery and transportation services, vehicle renting/leasing for personal, commercial, and industrial uses, and others. The demand is equally increasing for B2B & B2C segments, with final consumers asking for different products which are Technologically advanced, light in weight, removable, and easily changeable. This is expected to drive competitive pricing in the market. The market in Asia Pacific is estimated to be the largest and is estimated to demonstrate healthy growth in the future years.
Key drivers over the forecast period for personal mobility use are government subsidies and incentives, low maintenance and running costs, rapidly developing infrastructure around LEVs. For commercial and industrial use, the main drivers are zero/strict emission norms, benefits from government in terms of tax saving, subsidies, easy availability of renewable energy, and vehicle tracking & automation capabilities. Inflation and supply chain disruption due to the Ukraine and Russia War may affect the LEV market on a short term but a speedy recovery and increasing demand post this is expected.
Since, most of the LEV components manufacturing is done in the Asia Pacific region, many disruptive and constructive trends in the LEV components segments like swap stations for batteries with companies like NIO having the largest battery swap station in China as of May 2022 and entering the European market according to company’s website, mid motor with chain drive, and other methods are seen to develop which are expected to drive the market demand even higher.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I – 67%, Tier II– 9%, and OEMs – 24%
• By Designation: CXOs – 33%, Managers – 52%, Executives – 15%
• By Region: North America – 25%, Europe – 34%, Asia Pacific – 41%

The LEV market is primarily dominated by players like Textron Inc., Polaris Inc., John Deere, Yamaha Motor Co., Ltd., Club Car Inc., and BMW AG. The top key players in the e-ATV/UTV segment of the LEV market are Polaris Inc., Toyota Industries, John Deere, and Textron Inc. The top key players in the e-Bike segment of the LEV market are Accell Group NV (Netherlands), Merida Industry Co. Ltd. (Taiwan), Giant Manufacturing Co. Ltd. (Taiwan), and Yamaha Motor Company (Japan). The top key players in the e-scooter/motorcycle segment of the LEV market are Yadea Grup Holding Ltd. (China), Niu International (China), Zhejiang Luyuan Electric Vehicles Co. Ltd. (China), Hero Electric (India), and Jiangsu Xinri E-Vehicle (China). The top key players in the neighborhood electric vehicles segment of the LEV market are Textron Inc. (US), Yamaha Motor Co. Ltd. (Japan), The Toro Company (US), and John Deere (US).. The top key players in the e-lawn mowers segment of the LEV market are John Deere (US), Honda Motor Co. Ltd. (Japan), The Toro Company (US), Yamabiko Corporation (Japan), and Husqvarna (Austria). The top key players in the light electric industrial vehicles segment of the LEV market are BYD (China), Yutong (China), and AB Volvo (Sweden). These players have worked on providing offerings for the LEV ecosystem. They have initiated partnerships to develop their LEV technology and offer best-in-class products to their customers.

Research Coverage:
The report covers the LEV market based on vehicle category, application, power output, component type, Vehicle Type, and region (North America, Europe and Asia-Pacific). It covers the competitive landscape and company profiles of the major players in the LEV ecosystem.
The study also includes an in-depth competitive analysis of the key market players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
• This report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall LEV and LEV components ecosystem and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• This report will also help stakeholders understand the market’s pulse and provide information on key market drivers, restraints, challenges, and opportunities.

【レポートの目次】

1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 30
TABLE 1 LIGHT ELECTRIC VEHICLE MARKET DEFINITION, BY VEHICLE TYPE 30
TABLE 2 LIGHT ELECTRIC VEHICLE MARKET DEFINITION, BY COMPONENT 31
1.2.1 INCLUSIONS & EXCLUSIONS 32
TABLE 3 INCLUSIONS & EXCLUSIONS IN LIGHT ELECTRIC VEHICLE MARKET 32
1.3 MARKET SCOPE 33
FIGURE 1 MARKETS COVERED 33
1.3.1 REGIONS COVERED 33
1.3.2 YEARS CONSIDERED 34
1.4 CURRENCY CONSIDERED 34
TABLE 4 CURRENCY EXCHANGE RATES 34
1.5 STAKEHOLDERS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 2 LIGHT ELECTRIC VEHICLE MARKET: RESEARCH DESIGN 36
FIGURE 3 RESEARCH DESIGN MODEL 37
2.1.1 SECONDARY DATA 37
2.1.1.1 Key secondary sources for light electric vehicle market 38
2.1.1.2 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
2.1.2.1 List of participating companies for primary research 40
2.1.2.2 Key industry insights 40
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 41
2.1.2.3 Major objectives of primary research 41
2.2 MARKET SIZE ESTIMATION 41
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 42
2.2.1 BOTTOM-UP APPROACH 43
FIGURE 6 BOTTOM-UP APPROACH: LIGHT ELECTRIC VEHICLE MARKET 43
2.2.2 TOP-DOWN APPROACH 43
FIGURE 7 TOP-DOWN APPROACH: LIGHT ELECTRIC VEHICLE MARKET 44
FIGURE 8 TOP-DOWN APPROACH: BY COMPONENT, LIGHT ELECTRIC VEHICLE MARKET 44
FIGURE 9 LIGHT ELECTRIC VEHICLE MARKET: MARKET ESTIMATION NOTES 45
FIGURE 10 LIGHT ELECTRIC VEHICLE MARKET: RESEARCH DESIGN & METHODOLOGY – DEMAND SIDE 45

2.3 DATA TRIANGULATION 46
FIGURE 11 DATA TRIANGULATION METHODOLOGY 46
FIGURE 12 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 47
2.4 FACTOR ANALYSIS 48
2.4.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 48
2.5 RESEARCH ASSUMPTIONS 48
2.6 RESEARCH LIMITATIONS 49
3 EXECUTIVE SUMMARY 51
FIGURE 14 LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (VOLUME) 53
FIGURE 15 BY VEHICLE TYPE, E-MOTORCYCLE SEGMENT PROJECTED TO REGISTER HIGHEST CAGR FROM 2022 TO 2027 54
FIGURE 16 BY COMPONENT, BATTERY PACK SEGMENT ESTIMATED TO LEAD MARKET FROM 2022 TO 2027 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LIGHT ELECTRIC VEHICLE MARKET 56
FIGURE 17 INCREASING ADOPTION BY END-USE INDUSTRIES AND GOVERNMENT INCENTIVES TO DRIVE MARKET IN NEXT FIVE YEARS 56
4.2 LIGHT ELECTRIC VEHICLE MARKET, BY REGION 56
FIGURE 18 ASIA PACIFIC ESTIMATED TO DOMINATE LIGHT ELECTRIC VEHICLE MARKET IN 2022 56
4.3 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 57
FIGURE 19 E-BIKE SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 57
4.4 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY 57
FIGURE 20 3-WHEELER SEGMENT PROJECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 57
4.5 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION 58
FIGURE 21 PERSONAL MOBILITY SEGMENT EXPECTED TO LEAD MARKET FROM 2022 TO 2027 58
4.6 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT 58
FIGURE 22 9-15 KW SEGMENT PROJECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 58
4.7 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT 59
FIGURE 23 BATTERY PACK SEGMENT ESTIMATED TO LEAD MARKET IN 2022 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
TABLE 5 LEV AND LEV COMPONENTS MARKET: IMPACT OF MARKET DYNAMICS 61
5.2 MARKET DYNAMICS 62
FIGURE 24 LIGHT ELECTRIC VEHICLES: MARKET DYNAMICS 62
5.2.1 DRIVERS 62
5.2.1.1 Low operating and maintenance costs 62
FIGURE 25 TCO OF LEVS VS. ICE VEHICLES PER DISTANCE DRIVEN, 2022 (USD) 63
FIGURE 26 TCO OF LEVS VS. ICE VEHICLES PER DISTANCE DRIVEN, 2025 (USD) 63
5.2.1.2 Government incentives and subsidies 64
TABLE 6 GOVERNMENT INCENTIVES, BY COUNTRY 64
FIGURE 27 AVERAGE FINANCIAL SUBSIDIES AT EV PURCHASE, BY COUNTRY, 2021 (USD) 65
FIGURE 28 GOVERNMENT TARGETS TO PHASE OUT ICE VEHICLES, 2025–2040 65
5.2.1.3 Advancements in battery technologies 66
FIGURE 29 AVERAGE ENERGY DENSITY (WH/L) OF LI-ION BATTERIES, 2017–2031 66
5.2.1.4 Rising demand from recreational and commercial applications 66
FIGURE 30 BATTERY SWAPPING SYSTEM 67
5.2.1.5 Advancements in renewable energy sector 68
FIGURE 31 VIRTUAL POWER PLANT (VPP) SYSTEM 68
5.2.2 RESTRAINTS 68
5.2.2.1 Lack of charging infrastructure and limited vehicle range 68
FIGURE 32 COUNTRY-WISE EV CHARGER DENSITY 69
5.2.2.2 High initial cost of ownership 69
5.2.2.3 Increasing concerns regarding recycling of LEV components 70
5.2.3 OPPORTUNITIES 70
5.2.3.1 Decreasing prices of components 70
FIGURE 33 AVERAGE PRICE OF LIGHT ELECTRIC INDUSTRIAL VEHICLES VS. DIESEL ENGINE VEHICLES, 2022–2030 71
5.2.3.2 New revenue pockets in Asia Pacific, Africa, and Europe 71
5.2.3.3 Increasing R&D for advancements 72
FIGURE 34 BATTERY TECHNOLOGY LANDSCAPE, BY MATERIAL 72
5.2.4 CHALLENGES 73
5.2.4.1 Lack of compatibility, interchangeability, and standardization 73
FIGURE 35 INDIA: BATTERY SWAP STATION FOR LEV (CHARGEZONE) 73
5.2.4.2 Fluctuating prices of raw materials leading to increasing cost of battery-operated industrial vehicles 74
FIGURE 36 COPPER (LME) PRICE TREND, JANUARY 2019–AUGUST 2022 (USD PER METRIC TON) 74
5.3 SUPPLY CHAIN ANALYSIS 74
FIGURE 37 LEV AND LEV COMPONENTS MARKET: SUPPLY CHAIN ANALYSIS 74
TABLE 7 LEV AND LEV COMPONENTS MARKET: ECOSYSTEM 75
5.3.1 RAW MATERIAL SUPPLIERS 77
5.3.2 COMPONENT MANUFACTURERS 77
5.3.3 OEMS 77
5.4 PORTER’S FIVE FORCES 77
FIGURE 38 PORTER’S FIVE FORCES: LEV AND LEV COMPONENTS MARKET 78
TABLE 8 LEV AND LEV COMPONENTS MARKET: PORTER’S FIVE FORCES 78
5.4.1 THREAT OF SUBSTITUTES 79
5.4.2 THREAT OF NEW ENTRANTS 79
5.4.3 BARGAINING POWER OF BUYERS 79
5.4.4 BARGAINING POWER OF SUPPLIERS 79
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 80
5.5 MACROECONOMIC INDICATORS 80
5.5.1 GDP TREND AND FORECAST FOR MAJOR ECONOMIES 80
TABLE 9 GDP TREND AND FORECAST, MAJOR ECONOMIES, 2018–2026 (USD BILLION) 80
5.6 BUYING CRITERIA ANALYSIS FOR LEV MARKET 81
5.6.1 RIDE-HAILING FLEETS 81
5.6.2 PERSONAL VEHICLE FLEETS 81
5.6.3 INDUSTRIAL APPLICATIONS 81
5.6.4 PERSONAL AND COMMERCIAL APPLICATIONS 81
5.6.5 BUYING CRITERIA 81
FIGURE 39 KEY BUYING CRITERIA FOR LEVS FOR PERSONAL AND COMMERCIAL/INDUSTRIAL USE 82
TABLE 10 KEY BUYING CRITERIA FOR LEVS FOR PERSONAL AND COMMERCIAL/INDUSTRIAL USE 82
5.6.6 KEY STAKEHOLDERS IN BUYING PROCESS 82
TABLE 11 INFLUENCE OF KEY STAKEHOLDERS ON BUYING LIGHT ELECTRIC VEHICLES FOR COMMERCIAL/INDUSTRIAL USE (%) 82
5.7 TECHNOLOGY ANALYSIS 83
5.7.1 SWAPPABLE BATTERIES AND BATTERY SWAPPING STATIONS 83
FIGURE 40 TCO OF ICE VS. BATTERY SWAPPING POWERED VEHICLES, 2022 83
5.7.2 SMART CHARGING SYSTEMS 84
FIGURE 41 SMART EV CHARGING SYSTEM 84
5.7.3 IOT FOR AUTOMATED MATERIAL HANDLING 84
FIGURE 42 IOT FOR AUTOMATED MATERIAL HANDLING IN WAREHOUSES 85
5.7.4 AI FOR MATERIAL HANDLING 85
5.8 ECOSYSTEM ANALYSIS 86
FIGURE 43 LEV AND LEV COMPONENTS MARKET: ECOSYSTEM ANALYSIS 86
5.8.1 OEMS 86
5.8.2 RAW MATERIAL SUPPLIERS 87
5.8.3 COMPONENT MANUFACTURERS 87
5.9 TRENDS AND DISRUPTIONS: LIGHT ELECTRIC VEHICLE MARKET 87
FIGURE 44 LEV AND LEV COMPONENTS MARKET: TRENDS AND DISRUPTIONS 87
5.10 AVERAGE SELLING PRICE ANALYSIS OF LEV AND LEV COMPONENTS 88
TABLE 12 AVERAGE SELLING PRICE (ASP), BY LEV TYPE 88
TABLE 13 AVERAGE SELLING PRICE (ASP), BY LEV COMPONENT TYPE 88
FIGURE 45 PRICE TREND ANALYSIS OF LI-ION BATTERY PER KWH, 2010–2030 89
5.11 TRADE ANALYSIS 89
TABLE 14 TRADE ANALYSIS: HS CODE – 870310 89
TABLE 15 TRADE ANALYSIS: HS CODE – 842710 90
5.12 PATENT ANALYSIS 90
5.12.1 INTRODUCTION 90
FIGURE 46 PUBLICATION TRENDS, 2010–2022 91
TABLE 16 PATENT ANALYSIS: LEV AND LEV COMPONENTS MARKET (ACTIVE PATENTS) 91
TABLE 17 LEV AND LEV COMPONENTS MARKET: PATENTED DOCUMENTS (PUBLISHED, FILED, AND GRANTED) 95
5.13 CASE STUDY ANALYSIS 95
5.13.1 THYSSENKRUPP’S DECISION FOR FLEXIBLE AUTOMATION 95
5.13.2 TOYOTA’S AUTOMATED FORKLIFTS SUPPORT ELM LEBLANC’S 4.0 INDUSTRY SOLUTION 96
5.13.3 INDUCTIVE CHARGING SYSTEM FOR INDUSTRIAL/MATERIAL HANDLING VEHICLES 96
5.13.4 CLUB CAR’S TEMPO 2+2 FOR KETTERING GENERAL HOSPITAL 96
5.13.5 GOLF CARTS FOR PERSONAL MOBILITY 97
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 18 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 97
TABLE 19 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 98
TABLE 20 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 99
5.15 REGULATORY FRAMEWORK 100
FIGURE 47 EMISSION REDUCTION FRAMEWORK OF MAJOR COUNTRIES, 2021 100
TABLE 21 EURO VI STANDARDS 2021: EUROPEAN EMISSION NORMS 100
TABLE 22 US III STANDARDS 2021: US EMISSION NORMS 101
TABLE 23 CHINA 6A, 6B STANDARDS 2021: CHINA EMISSION NORMS 101
TABLE 24 JAPAN WLTC STANDARDS 2021: JAPAN EMISSION NORMS 102
TABLE 25 BRAZIL L-6 STANDARDS 2021: BRAZIL EMISSION NORMS 102
5.16 CONFERENCES & EVENTS 102
TABLE 26 LEV AND LEV COMPONENTS MARKET: CONFERENCES & EVENTS 102
5.17 SCENARIO ANALYSIS (2022–2027) 104
5.17.1 LIGHT ELECTRIC VEHICLE MARKET: MOST LIKELY SCENARIO 104
TABLE 27 LIGHT ELECTRIC VEHICLE MARKET: MOST LIKELY SCENARIO, BY REGION, 2022–2027 (THOUSAND UNITS) 104
5.17.2 LIGHT ELECTRIC VEHICLE MARKET: OPTIMISTIC SCENARIO 104
TABLE 28 LIGHT ELECTRIC VEHICLE MARKET: OPTIMISTIC SCENARIO, BY REGION, 2022–2027 (THOUSAND UNITS) 104
5.17.3 LIGHT ELECTRIC VEHICLE MARKET: PESSIMISTIC SCENARIO 105
TABLE 29 LIGHT ELECTRIC VEHICLE MARKET: PESSIMISTIC SCENARIO, BY REGION, 2022–2027 (THOUSAND UNITS) 105
6 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE 106
6.1 INTRODUCTION 107
FIGURE 48 BY VEHICLE TYPE, E-MOTORCYCLE SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 108
TABLE 30 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 109
TABLE 31 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 109
TABLE 32 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 110
TABLE 33 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 110
6.1.1 OPERATIONAL DATA 111
TABLE 34 LIGHT ELECTRIC VEHICLE MODELS OFFERED BY COMPANIES, BY VEHICLE TYPE 111
6.1.2 ASSUMPTIONS 114
TABLE 35 ASSUMPTIONS: BY VEHICLE TYPE 114
6.1.3 RESEARCH METHODOLOGY 114
6.2 ELECTRIC ATV/UTV 114
6.2.1 INCREASED RECREATIONAL AND AGRICULTURAL ACTIVITIES TO DRIVE MARKET 114
TABLE 36 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 115
TABLE 37 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 115
TABLE 38 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 39 E-ATV/UTV: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 116
6.3 E-BIKE 116
6.3.1 GOVERNMENT SUPPORT AND INITIATIVES TO INCREASE E-BIKE SALES 116
TABLE 40 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 117
TABLE 41 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 117
TABLE 42 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 117
TABLE 43 E-BIKE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 118
6.4 E-SCOOTER 118
6.4.1 RISE IN DEMAND FOR ENERGY-EFFICIENT MODES OF COMMUTING TO BOOST MARKET 118
TABLE 44 E-SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 119
TABLE 45 E- SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 119
TABLE 46 E- SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 119
TABLE 47 E- SCOOTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 120
6.5 E-MOTORCYCLE 120
6.5.1 INCREASE IN DEMAND FOR PERFORMANCE ELECTRIC TWO-WHEELERS TO DRIVE SEGMENT 120
TABLE 48 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 121
TABLE 49 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 121
TABLE 50 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 51 E- MOTORCYCLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 122
6.6 NEIGHBORHOOD ELECTRIC VEHICLE 122
6.6.1 GROWTH OF HOTELS AND RESORTS TO DRIVE DEMAND 122
TABLE 52 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 123
TABLE 53 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 123
TABLE 54 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 123
TABLE 55 NEIGHBORHOOD ELECTRIC VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 124
6.7 E-LAWN MOWER 124
6.7.1 GOVERNMENT REGULATIONS, DEVELOPMENTS IN BATTERIES, AND LAUNCHES OF VARIOUS ELECTRIC MANUAL/ROBOTIC LAWN MOWER TO DRIVE MARKET 124
TABLE 56 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 125
TABLE 57 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 125
TABLE 58 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 125
TABLE 59 ELECTRIC LAWN MOWER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 125
6.7.2 ROBOTIC E-LAWN MOWER 126
6.7.2.1 Europe estimated to become largest market for robotic e-lawn mowers 126
TABLE 60 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 126
TABLE 61 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 127
TABLE 62 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 127
TABLE 63 ROBOTIC E-LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION) 127
6.7.3 MANUAL E-LAWN MOWER 128
6.7.3.1 Growing demand for robotic mowers to impact manual e-lawn mower market 128
TABLE 64 MANUAL E-LAWN MOWER MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 128
TABLE 65 MANUAL E-LAWN MOWER MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 128
TABLE 66 MANUAL E-LAWN MOWER MARKET, BY REGION, 2018–2021 (USD MILLION) 128
TABLE 67 MANUAL E-LAWN MOWER MARKET, BY REGION, 2022–2027 (USD MILLION) 129

6.8 ELECTRIC INDUSTRIAL VEHICLE 129
6.8.1 GROWING CO2 EMISSION CONCERNS TO DRIVE SEGMENT 129
FIGURE 49 CO2 EMISSION REDUCTION BY TOYOTA INDUSTRIES CORPORATION 129
FIGURE 50 KEY BENEFITS OF ELECTRIC FORKLIFTS 130
TABLE 68 IC ENGINES VS ELECTRIC MOTORS 130
TABLE 69 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 130
TABLE 70 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 131
TABLE 71 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 131
TABLE 72 ELECTRIC INDUSTRIAL VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 131
6.9 AUTONOMOUS FORKLIFT 132
6.9.1 FOCUS ON ZERO-EMISSION WORKING ENVIRONMENT TO DRIVE DEMAND 132
TABLE 73 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 132
TABLE 74 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 132
TABLE 75 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 132
TABLE 76 AUTONOMOUS FORKLIFT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 133
6.10 DELIVERY ROBOT 133
6.10.1 INCREASING USE OF ROBOTS FOR GROCERY DELIVERIES TO DRIVE MARKET 133
TABLE 77 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 134
TABLE 78 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 134
TABLE 79 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 134
TABLE 80 DELIVERY ROBOT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 134
6.11 AUTOMATED GUIDED VEHICLE 135
6.11.1 AUTOMATED GUIDED VEHICLES IDEAL FOR HANDLING LARGE VOLUMES OF LOAD AND OFTEN HAVE SIMPLER GUIDE PATH 135
TABLE 81 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 135
TABLE 82 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 136
TABLE 83 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 136
TABLE 84 AUTOMATED GUIDED VEHICLE: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 136
6.12 KEY PRIMARY INSIGHTS 137

7 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY 138
7.1 INTRODUCTION 139
FIGURE 51 BY VEHICLE CATEGORY, 2-WHEELER SEGMENT TO DOMINATE MARKET FROM 2022 TO 2027 139
TABLE 85 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY, 2018–2021 (THOUSAND UNITS) 139
TABLE 86 LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE CATEGORY, 2022–2027 (THOUSAND UNITS) 140
7.1.1 OPERATIONAL DATA 140
TABLE 87 LIGHT ELECTRIC VEHICLE MODELS, BY VEHICLE CATEGORY 140
7.1.2 ASSUMPTIONS 142
TABLE 88 ASSUMPTIONS: BY VEHICLE CATEGORY 142
7.1.3 RESEARCH METHODOLOGY 142
7.2 2-WHEELER 142
7.2.1 GROWING SALES OF E-BIKES, E-SCOOTERS, AND E-MOTORCYCLES TO DRIVE SEGMENT 142
TABLE 89 2-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 143
TABLE 90 2-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 143
7.3 3-WHEELER 144
7.3.1 GROWING ADOPTION BY LOGISTICS COMPANIES TO DRIVE SEGMENT 144
TABLE 91 3-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 144
TABLE 92 3-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 144
7.4 4-WHEELER 145
7.4.1 GROWING USE IN WAREHOUSES, MANUFACTURING PLANTS, AND GOLF COURSES TO DRIVE SEGMENT 145
TABLE 93 4-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 145
TABLE 94 4-WHEELER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 145
7.5 KEY PRIMARY INSIGHTS 146
8 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION 147
8.1 INTRODUCTION 148
FIGURE 52 BY APPLICATION, PERSONAL MOBILITY SEGMENT PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD 148
TABLE 95 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION, 2018–2021 (THOUSAND UNITS) 148
TABLE 96 LIGHT ELECTRIC VEHICLE MARKET, BY APPLICATION, 2022–2027 (THOUSAND UNITS) 149
8.1.1 OPERATIONAL DATA 149
TABLE 97 POPULAR AND UPCOMING LEVS WORLDWIDE 149
8.1.2 ASSUMPTIONS 152
TABLE 98 ASSUMPTIONS: BY APPLICATION 152
8.1.3 RESEARCH METHODOLOGY 153
8.2 PERSONAL MOBILITY 153
8.2.1 VARIED RANGE OF PRODUCTS CLUBBED WITH GOVERNMENT INCENTIVES AND REDUCING PRICES TO DRIVE SEGMENT 153
TABLE 99 PERSONAL MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS) 154
TABLE 100 PERSONAL MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS) 154
8.3 SHARED MOBILITY 154
8.3.1 HIGH INITIAL COST OF OWNERSHIP AND LOW OPERATIONAL AND MAINTENANCE COSTS TO DRIVE SEGMENT 154
TABLE 101 SHARED MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS) 155
TABLE 102 SHARED MOBILITY: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS) 155
8.4 RECREATION & SPORTS 156
8.4.1 GROWING DEMAND FOR OUTDOOR LEISURE AND RECREATIONAL ACTIVITIES TO INCREASE DEMAND 156
TABLE 103 RECREATION & SPORTS: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS) 156
TABLE 104 RECREATION & SPORTS: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS) 157
8.5 COMMERCIAL 157
8.5.1 GROWING DEMAND IN AGRICULTURE AND INDUSTRIAL APPLICATIONS TO INCREASE SALES OF LEVS 157
TABLE 105 COMMERCIAL: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2018–2021 (THOUSAND UNITS) 158
TABLE 106 COMMERCIAL: LIGHT ELECTRIC VEHICLE MARKET SIZE, BY REGION, 2022–2027 (THOUSAND UNITS) 158
8.6 KEY PRIMARY INSIGHTS 159
9 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT 160
9.1 INTRODUCTION 161
FIGURE 53 BY POWER OUTPUT, LESS THAN 6 KW SEGMENT PROJECTED TO LEAD MARKET FROM 2022 TO 2027 161
TABLE 107 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2018–2021 (THOUSAND UNITS) 161
TABLE 108 LIGHT ELECTRIC VEHICLE MARKET, BY POWER OUTPUT, 2022–2027 (THOUSAND UNITS) 162
9.1.1 OPERATIONAL DATA 162
TABLE 109 LIGHT ELECTRIC VEHICLE MODELS, BY POWER OUTPUT 162
9.1.2 ASSUMPTIONS 163
TABLE 110 ASSUMPTIONS: BY POWER OUTPUT 163
9.1.3 RESEARCH METHODOLOGY 163

9.2 LESS THAN 6 KW 164
9.2.1 RISING DEMAND FOR LEVS IN PERSONAL MOBILITY AND INDUSTRIAL APPLICATIONS TO DRIVE SEGMENT 164
TABLE 111 LESS THAN 6 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 164
TABLE 112 LESS THAN 6 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 164
9.3 6–9 KW 165
9.3.1 GROWTH OF E-COMMERCE AND HOSPITALITY SECTORS TO DRIVE SEGMENT 165
TABLE 113 6–9 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 165
TABLE 114 6–9 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 165
9.4 9–15 KW 166
9.4.1 RISING DEMAND FROM INDUSTRIAL FACILITIES, CONSTRUCTION SITES, WAREHOUSES, PUBLIC TRANSPORTATION, AND AIRPORT FACILITIES TO DRIVE SEGMENT 166
TABLE 115 9–15 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 166
TABLE 116 9–15 KW: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 166
9.5 KEY PRIMARY INSIGHTS 167
10 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT 168
10.1 INTRODUCTION 169
FIGURE 54 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 170
TABLE 117 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION) 170
TABLE 118 LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 171
10.1.1 OPERATIONAL DATA 171
TABLE 119 LIGHT ELECTRIC VEHICLE: MAJOR COMPANIES, BY COMPONENT 171
10.1.2 RESEARCH METHODOLOGY 172
10.1.3 ASSUMPTIONS 173
TABLE 120 ASSUMPTIONS: BY COMPONENT 173
10.2 BATTERY PACK 173
TABLE 121 BATTERY PACK: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 174
TABLE 122 BATTERY PACK: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 174
10.3 ELECTRIC MOTOR 175
TABLE 123 ELECTRIC MOTOR: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 176
TABLE 124 ELECTRIC MOTOR: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 176

10.4 MOTOR CONTROLLER 176
FIGURE 55 SIMPLIFIED BLOCK DIAGRAM OF COMMONLY USED MOTOR CONTROLLERS IN LEVS 177
TABLE 125 MOTOR CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 177
TABLE 126 MOTOR CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 178
10.5 INVERTER 178
TABLE 127 INVERTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 178
TABLE 128 INVERTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 179
10.6 POWER CONTROLLER 179
TABLE 129 POWER CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 179
TABLE 130 POWER CONTROLLER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 180
10.7 E-BRAKE BOOSTER 180
TABLE 131 E-BRAKE BOOSTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 180
TABLE 132 E-BRAKE BOOSTER: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 181
10.8 POWER ELECTRONICS 181
TABLE 133 POWER ELECTRONICS: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 182
TABLE 134 POWER ELECTRONICS: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 182
10.9 KEY INDUSTRY INSIGHTS 183
11 LIGHT ELECTRIC VEHICLE MARKET, BY REGION 184
11.1 INTRODUCTION 185
FIGURE 56 LEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 186
TABLE 135 LEV MARKET, BY REGION, 2018–2021 (THOUSAND UNITS) 186
TABLE 136 LEV MARKET, BY REGION, 2022–2027 (THOUSAND UNITS) 186
TABLE 137 LEV MARKET, BY REGION, 2018–2021 (USD MILLION) 186
TABLE 138 LEV MARKET, BY REGION, 2022–2027(USD MILLION) 187
FIGURE 57 COMPONENT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 187
TABLE 139 COMPONENT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2018–2021 (USD MILLION) 187
TABLE 140 COMPONENT: LIGHT ELECTRIC VEHICLE MARKET, BY REGION, 2022–2027 (USD MILLION) 187
11.2 ASIA PACIFIC 188
FIGURE 58 ASIA PACIFIC: LIGHT ELECTRIC VEHICLE MARKET SNAPSHOT 189
TABLE 141 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS) 190
TABLE 142 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS) 190
TABLE 143 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 190
TABLE 144 ASIA PACIFIC: LEV MARKET, BY COUNTRY, 2022–2027(USD MILLION) 190
TABLE 145 ASIA PACIFIC: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION) 191
TABLE 146 ASIA PACIFIC: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 191
11.2.1 CHINA 192
11.2.1.1 LEVs in demand for commercial and industrial use due to availability of renewable energy sources 192
TABLE 147 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 192
TABLE 148 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 193
TABLE 149 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 193
TABLE 150 CHINA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 194
11.2.2 JAPAN 195
11.2.2.1 Technological advancements to benefit and drive demand for LEVs 195
TABLE 151 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 195
TABLE 152 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 196
TABLE 153 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 196
TABLE 154 JAPAN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 197
11.2.3 INDIA 198
11.2.3.1 Light electric vehicle market to witness rapid growth 198
FIGURE 59 INCENTIVE AND REGULATORY LANDSCAPE FOR LEVS IN INDIA 199
TABLE 155 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 200
TABLE 156 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (UNITS) 200
TABLE 157 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 201
TABLE 158 INDIA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 201
11.2.4 SOUTH KOREA 202
11.2.4.1 Significant growth in demand for LEVs for commercial and industrial use 202
TABLE 159 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 203
TABLE 160 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 203
TABLE 161 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 204
TABLE 162 SOUTH KOREA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 204
11.3 EUROPE 205
FIGURE 60 EUROPE: LIGHT ELECTRIC VEHICLE MARKET SNAPSHOT 206
TABLE 163 EUROPE: LEV MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS) 207
TABLE 164 EUROPE: LEV MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS) 207
TABLE 165 EUROPE: LEV MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 207
TABLE 166 EUROPE: LEV MARKET, BY COUNTRY, 2022–2027(USD MILLION) 208
TABLE 167 EUROPE: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION) 208
TABLE 168 EUROPE: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 208
11.3.1 FRANCE 209
11.3.1.1 E-ATV/UTV and neighborhood electric vehicle segments to dominate LEV market 209
TABLE 169 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 210
TABLE 170 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 210
TABLE 171 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 211
TABLE 172 FRANCE: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 211
11.3.2 GERMANY 212
11.3.2.1 Setting up of charging corridors to boost LEV demand 212
TABLE 173 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 213
TABLE 174 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 214
TABLE 175 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 214
TABLE 176 GERMANY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 215
11.3.3 SPAIN 215
11.3.3.1 Government focus on replacing existing transportation fleets to impact market positively 215
TABLE 177 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 216
TABLE 178 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 217
TABLE 179 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 217
TABLE 180 SPAIN: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 218
11.3.4 ITALY 218
11.3.4.1 Government incentives to generate higher demand for LEVs & LEV component 218
TABLE 181 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 219
TABLE 182 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 220
TABLE 183 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 220
TABLE 184 ITALY: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 221
11.3.5 UK 221
11.3.5.1 Increasing adoption in recreation & sports sector to drive market 221
FIGURE 61 UK EV ROADMAP 223
TABLE 185 UK: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 223
TABLE 186 UK: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 224
TABLE 187 UK LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 224
TABLE 188 UK: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 225
11.4 NORTH AMERICA 226
FIGURE 62 NORTH AMERICA EV BATTERY INITIATIVES 226
TABLE 189 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2018–2021 (THOUSAND UNITS) 228
TABLE 190 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2022–2027 (THOUSAND UNITS) 228
TABLE 191 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 228
TABLE 192 NORTH AMERICA: LEV MARKET, BY COUNTRY, 2022–2027(USD MILLION) 228
TABLE 193 NORTH AMERICA: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2018–2021 (USD MILLION) 229
TABLE 194 NORTH AMERICA: LIGHT ELECTRIC VEHICLE MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 229
11.4.1 US 230
11.4.1.1 Growing inclination toward automation in end-use industries to accelerate market growth 230
TABLE 195 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (THOUSAND UNITS) 231
TABLE 196 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (THOUSAND UNITS) 231
TABLE 197 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 232
TABLE 198 US: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 232
11.4.2 CANADA 233
11.4.2.1 E-ATV/UTV segment to dominate light electric vehicle market 233
TABLE 199 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (UNITS) 234
TABLE 200 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (UNITS) 235
TABLE 201 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2018–2021 (USD MILLION) 235
TABLE 202 CANADA: LIGHT ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2022–2027 (USD MILLION) 236

12 COMPETITIVE LANDSCAPE 237
12.1 OVERVIEW 237
12.2 MARKET RANKING ANALYSIS: LIGHT ELECTRIC VEHICLES 237
12.2.1 MARKET RANKING ANALYSIS: E-ATV/UTV 237
TABLE 203 MARKET RANKING ANALYSIS: E-ATV/UTV, 2021 237
12.2.2 MARKET RANKING ANALYSIS: E-BIKE 239
TABLE 204 MARKET RANKING ANALYSIS: E-BIKE, 2021 239
12.2.3 MARKET RANKING ANALYSIS: E-SCOOTER/MOTORCYCLE 240
TABLE 205 MARKET RANKING ANALYSIS: E-SCOOTER/MOTORCYCLE, 2021 240
12.2.4 MARKET RANKING ANALYSIS: NEIGHBORHOOD ELECTRIC VEHICLES 242
TABLE 206 MARKET RANKING ANALYSIS: NEIGHBORHOOD ELECTRIC VEHICLES, 2021 242
12.2.5 MARKET RANKING ANALYSIS: E-LAWN MOWERS 244
TABLE 207 MARKET RANKING ANALYSIS: E-LAWN MOWERS, 2021 244
12.2.6 MARKET RANKING ANALYSIS: ELECTRIC INDUSTRIAL VEHICLES 244
TABLE 208 MARKET RANKING ANALYSIS: ELECTRIC INDUSTRIAL VEHICLES, 2021 244
12.2.7 MARKET RANKING ANALYSIS: AUTONOMOUS FORKLIFT 245
TABLE 209 MARKET RANKING ANALYSIS: AUTONOMOUS FORKLIFT, 2021 245
12.2.8 MARKET RANKING ANALYSIS: AUTOMATED GUIDED VEHICLES 246
TABLE 210 MARKET RANKING ANALYSIS: AUTOMATED GUIDED VEHICLES, 2021 246
12.3 MARKET RANKING ANALYSIS: LEV COMPONENTS 247
TABLE 211 LEV COMPONENTS MARKET RANKING ANALYSIS, 2021 247
12.3.1 NIDEC CORPORATION 248
12.3.2 ROBERT BOSCH GMBH 248
12.3.3 AISIN CORPORATION 248
12.3.4 BORGWARNER INC. 248
12.3.5 ZF FRIEDRICHSHAFEN AG 248
12.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 249
FIGURE 63 TOP PUBLIC/LISTED PLAYERS IN E-ATV/UTV MARKET, 2017–2021 249
FIGURE 64 TOP PUBLIC/LISTED PLAYERS IN E-BIKE MARKET, 2017–2021 249
FIGURE 65 TOP PUBLIC/LISTED PLAYERS IN E-SCOOTER/MOTORCYCLE MARKET, 2017–2021 250
FIGURE 66 TOP PUBLIC/LISTED PLAYERS IN NEIGHBORHOOD ELECTRIC VEHICLES MARKET, 2017–2021 250
FIGURE 67 TOP PUBLIC/LISTED PLAYERS IN E-LAWN MOWERS MARKET, 2017–2021 251
FIGURE 68 TOP PUBLIC/LISTED PLAYERS IN LIGHT ELECTRIC INDUSTRIAL VEHICLES MARKET, 2017–2021 251
FIGURE 69 TOP PUBLIC/LISTED PLAYERS IN LEV COMPONENTS MARKET, 2017–2021 252
12.5 COMPETITIVE SCENARIO 252
12.5.1 NEW PRODUCT LAUNCHES 252
TABLE 212 NEW PRODUCT LAUNCHES: LIGHT ELECTRIC VEHICLES, 2018–2022 253
TABLE 213 NEW PRODUCT LAUNCHES: LEV COMPONENTS, 2018–2022 254
12.5.2 DEALS 257
TABLE 214 DEALS: LIGHT ELECTRIC VEHICLES, 2018–2022 257
TABLE 215 DEALS: LEV COMPONENTS, 2018–2022 260
12.5.3 OTHERS 263
TABLE 216 OTHERS: LIGHT ELECTRIC VEHICLES, 2018–2022 263
TABLE 217 OTHERS: LEV COMPONENTS, 2018–2022 264
12.6 COMPANY EVALUATION QUADRANT: LIGHT ELECTRIC VEHICLES MARKET 267
12.6.1 STARS 267
12.6.2 EMERGING LEADERS 267
12.6.3 PERVASIVE PLAYERS 267
12.6.4 PARTICIPANTS 267
FIGURE 70 LIGHT ELECTRIC VEHICLES MARKET: COMPANY EVALUATION QUADRANT, 2022 268
TABLE 218 LEV MARKET: COMPANY FOOTPRINT, 2022 269
TABLE 219 LEV MARKET: PRODUCT FOOTPRINT, 2022 270
TABLE 220 LEV MARKET: REGIONAL FOOTPRINT, 2022 272
12.7 COMPANY EVALUATION QUADRANT: LEV COMPONENTS MARKET 273
12.7.1 STARS 273
12.7.2 EMERGING LEADERS 273
12.7.3 PERVASIVE PLAYERS 274
12.7.4 PARTICIPANTS 274
FIGURE 71 LEV COMPONENTS MARKET: COMPANY EVALUATION QUADRANT, 2022 274
TABLE 221 LEV COMPONENTS MARKET: COMPANY FOOTPRINT, 2022 275
TABLE 222 LEV COMPONENTS MARKET: PRODUCT FOOTPRINT, 2022 276
TABLE 223 LEV COMPONENTS MARKET: REGIONAL FOOTPRINT, 2022 277
13 COMPANY PROFILES 278
(Business overview, Products offered, Recent developments & MnM View)*
13.1 KEY PLAYERS (LIGHT ELECTRIC VEHICLE MANUFACTURERS) 278
13.1.1 BMW AG 278
TABLE 224 BMW AG: BUSINESS OVERVIEW 278
FIGURE 72 BMW AG: COMPANY SNAPSHOT 279
TABLE 225 BMW AG: PRODUCTS OFFERED 279
TABLE 226 BMW AG: NEW PRODUCT LAUNCHES 280
TABLE 227 BMW AG: DEALS 280
13.1.2 AURO ROBOTICS 282
TABLE 228 AURO ROBOTICS: BUSINESS OVERVIEW 282
TABLE 229 AURO ROBOTICS: PRODUCTS OFFERED 282
TABLE 230 AURO ROBOTICS: NEW PRODUCT LAUNCHES 283
TABLE 231 AURO ROBOTICS: DEALS 283
TABLE 232 AURO ROBOTICS: OTHERS 286
13.1.3 CLUB CAR INC. 288
TABLE 233 CLUB CAR INC.: BUSINESS OVERVIEW 288
TABLE 234 CLUB CAR INC.: PRODUCTS OFFERED 288
TABLE 235 CLUB CAR INC.: NEW PRODUCT LAUNCHES 289
TABLE 236 CLUB CAR INC.: DEALS 289
13.1.4 POLARIS INC. 291
TABLE 237 POLARIS INC.: BUSINESS OVERVIEW 291
FIGURE 73 POLARIS INC.: COMPANY SNAPSHOT 292
FIGURE 74 POLARIS: MARKET OPPORTUNITY 292
FIGURE 75 POLARIS: OFF-ROAD SEGMENT GROWTH RESULTS 293
TABLE 238 POLARIS INC.: PRODUCTS OFFERED 293
TABLE 239 POLARIS INC.: NEW PRODUCT LAUNCHES 294
TABLE 240 POLARIS INC.: DEALS 294
13.1.5 TEXTRON INC. 296
TABLE 241 TEXTRON INC.: BUSINESS OVERVIEW 296
FIGURE 76 TEXTRON INC.: COMPANY SNAPSHOT 297
FIGURE 77 TEXTRON: COMPARISON OF E-Z-GO WITH OTHER ELECTRIC GOLF CARTS 298
TABLE 242 TEXTRON INC.: PRODUCTS OFFERED 298
TABLE 243 TEXTRON INC.: NEW PRODUCT LAUNCHES 299
TABLE 244 TEXTRON INC.: DEALS 300
TABLE 245 TEXTRON: OTHERS 300
13.1.6 TOYOTA INDUSTRIES CORPORATION 302
TABLE 246 TOYOTA INDUSTRIES CORPORATION: BUSINESS OVERVIEW 302
FIGURE 78 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT 302
FIGURE 79 TOYOTA INDUSTRIES CORPORATION: SEGMENT-WISE GROWTH 303
TABLE 247 TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED 303
TABLE 248 TOYOTA INDUSTRIES CORPORATION: NEW PRODUCT LAUNCHES 304
TABLE 249 TOYOTA INDUSTRIES CORPORATION: DEALS 304
13.1.7 JOHN DEERE 306
TABLE 250 JOHN DEERE: BUSINESS OVERVIEW 306
FIGURE 80 JOHN DEERE: COMPANY SNAPSHOT 306
TABLE 251 JOHN DEERE: PRODUCTS OFFERED 307
TABLE 252 JOHN DEERE: NEW PRODUCT LAUNCHES 307
TABLE 253 JOHN DEERE: DEALS 308
TABLE 254 JOHN DEERE: OTHERS 308
13.1.8 KION GROUP 310
TABLE 255 KION GROUP: BUSINESS OVERVIEW 310
FIGURE 81 KION GROUP: COMPANY SNAPSHOT 310
FIGURE 82 KION GROUP: INDUSTRY PERFORMANCE, 2021 311
TABLE 256 KION GROUP: PRODUCTS OFFERED 311
TABLE 257 KION GROUP: NEW PRODUCT LAUNCHES 312
TABLE 258 KION GROUP: DEALS 312
13.1.9 BYD AUTO CO., LTD. 314
TABLE 259 BYD AUTO CO., LTD.: BUSINESS OVERVIEW 314
FIGURE 83 BYD AUTO CO., LTD.: COMPANY SNAPSHOT 315
FIGURE 84 BYD AUTO CO., LTD.: RANGE OF ELECTRIC FORKLIFTS 315
TABLE 260 BYD AUTO CO., LTD.: PRODUCTS OFFERED 316
TABLE 261 BYD AUTO CO., LTD.: NEW PRODUCT LAUNCHES 316
TABLE 262 BYD AUTO CO., LTD.: DEALS 317
13.1.10 ARI MOTORS 318
TABLE 263 ARI MOTORS: BUSINESS OVERVIEW 318
TABLE 264 ARI MOTORS: PRODUCTS OFFERED 318
TABLE 265 ARI MOTORS: NEW PRODUCT LAUNCHES 319
TABLE 266 ARI MOTORS: DEALS 319
13.1.11 WAEV INC. 320
TABLE 267 WAEV INC.: BUSINESS OVERVIEW 320
TABLE 268 WAEV INC.: PRODUCTS OFFERED 320
TABLE 269 WAEV INC.: NEW PRODUCT LAUNCHES 321
TABLE 270 WAEV INC.: DEALS 321
13.1.12 COLUMBIA VEHICLE GROUP INC. 322
TABLE 271 COLUMBIA VEHICLE GROUP INC.: BUSINESS OVERVIEW 322
TABLE 272 COLUMBIA VEHICLE GROUP INC.: PRODUCTS OFFERED 322
TABLE 273 COLUMBIA VEHICLE GROUP INC.: NEW PRODUCT LAUNCHES 323
TABLE 274 COLUMBIA VEHICLE GROUP INC.: DEALS 323
13.1.13 YAMAHA MOTOR CO., LTD. 324
TABLE 275 YAMAHA MOTOR CO., LTD.: BUSINESS OVERVIEW 324
FIGURE 85 YAMAHA MOTOR CO., LTD.: COMPANY SNAPSHOT 324
TABLE 276 YAMAHA MOTOR CO., LTD.: PRODUCTS OFFERED 325
TABLE 277 YAMAHA MOTOR CO., LTD.: NEW PRODUCT LAUNCHES 325
13.1.14 GODREJ MATERIAL HANDLING 326
TABLE 278 GODREJ MATERIAL HANDLING: BUSINESS OVERVIEW 326
TABLE 279 GODREJ MATERIAL HANDLING: PRODUCTS OFFERED 326
TABLE 280 GODREJ MATERIAL HANDLING: NEW PRODUCT LAUNCHES 327
TABLE 281 GODREJ MATERIAL HANDLING: DEALS 327
13.1.15 ADDAX MOTORS 328
TABLE 282 ADDAX MOTORS: BUSINESS OVERVIEW 328
TABLE 283 ADDAX MOTORS: PRODUCTS OFFERED 328
TABLE 284 ADDAX MOTORS: NEW PRODUCT LAUNCHES 329
TABLE 285 ADDAX MOTORS: DEALS 329
13.1.16 MARSHELL 330
TABLE 286 MARSHELL: BUSINESS OVERVIEW 330
TABLE 287 MARSHELL: PRODUCTS OFFERED 330
13.2 KEY PLAYERS (LEV COMPONENT MANUFACTURERS) 331
13.2.1 NIDEC CORPORATION 331
TABLE 288 NIDEC CORPORATION: BUSINESS OVERVIEW 331
FIGURE 86 NIDEC CORPORATION: COMPANY SNAPSHOT 332
TABLE 289 NIDEC CORPORATION: PRODUCTS OFFERED 332
TABLE 290 NIDEC CORPORATION: NEW PRODUCT LAUNCHES 333
TABLE 291 NIDEC CORPORATION: DEALS 334
TABLE 292 NIDEC CORPORATION: OTHERS 336
13.2.2 AISIN CORPORATION 337
TABLE 293 AISIN CORPORATION: BUSINESS OVERVIEW 337
FIGURE 87 AISIN CORPORATION: COMPANY SNAPSHOT 337
TABLE 294 AISIN CORPORATION: PRODUCTS OFFERED 338
TABLE 295 AISIN CORPORATION: NEW PRODUCT LAUNCHES 338
TABLE 296 AISIN CORPORATION: DEALS 339
TABLE 297 AISIN CORPORATION: OTHERS 339
13.2.3 BORGWARNER INC. 341
TABLE 298 BORGWARNER INC.: BUSINESS OVERVIEW 341
FIGURE 88 BORGWARNER INC.: COMPANY SNAPSHOT 342
TABLE 299 BORGWARNER INC.: PRODUCTS OFFERED 342
TABLE 300 BORGWARNER INC.: NEW PRODUCT LAUNCHES 343
TABLE 301 BORGWARNER INC.: DEALS 344
TABLE 302 BORGWARNER INC.: OTHERS 347
13.2.4 ROBERT BOSCH GMBH 350
TABLE 303 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 350
FIGURE 89 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 351
TABLE 304 ROBERT BOSCH GMBH: SUPPLY AGREEMENTS 351
TABLE 305 ROBERT BOSCH GMBH: PRODUCTS OFFERED 352
TABLE 306 ROBERT BOSCH GMBH: NEW PRODUCT LAUNCHES 353
TABLE 307 ROBERT BOSCH GMBH: DEALS 354
TABLE 308 ROBERT BOSCH GMBH: OTHERS 356
13.2.5 ZF FRIEDRICHSHAFEN AG 358
TABLE 309 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW 358
FIGURE 90 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT 359
TABLE 310 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED 359
TABLE 311 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT LAUNCHES 360
TABLE 312 ZF FRIEDRICHSHAFEN AG: DEALS 361
TABLE 313 ZF FRIEDRICHSHAFEN AG: OTHERS 362
13.2.6 NINGBO YINZHOU HENTACH ELECTROMECHANICAL CO., LTD. 366
TABLE 314 NINGBO YINZHOU HENTACH ELECTROMECHANICAL CO., LTD: BUSINESS OVERVIEW 366
TABLE 315 NINGBO YINZHOU HENTACH ELECTROMECHANICAL CO., LTD: PRODUCTS OFFERED 366
13.2.7 MOTOR APPLIANCE CORPORATION (MAC) 367
TABLE 316 MOTOR APPLIANCE CORPORATION(MAC): BUSINESS OVERVIEW 367
TABLE 317 MOTOR APPLIANCE CORPORATION(MAC): PRODUCTS OFFERED 367
13.2.8 MAHLE GROUP 368
TABLE 318 MAHLE GROUP: BUSINESS OVERVIEW 368
FIGURE 91 MAHLE GROUP: COMPANY SNAPSHOT 369
TABLE 319 MAHLE GROUP: PRODUCTS OFFERED 369
TABLE 320 MAHLE GROUP: NEW PRODUCT LAUNCHES 370
TABLE 321 MAHLE GROUP: DEALS 371
TABLE 322 MAHLE GROUP: OTHERS 372
13.2.9 ACCELERATED SYSTEMS INC. 373
TABLE 323 ACCELERATED SYSTEMS INC.: BUSINESS OVERVIEW 373
TABLE 324 ACCELERATED SYSTEMS INC.: PRODUCTS OFFERED 373
TABLE 325 ACCELERATED SYSTEMS INC.: DEALS 374
13.2.10 CURTIS INSTRUMENTS INC. 375
TABLE 326 CURTIS INSTRUMENTS INC.: BUSINESS OVERVIEW 375
TABLE 327 CURTIS INSTRUMENTS INC.: PRODUCTS OFFERED 375
TABLE 328 CURTIS INSTRUMENTS INC.: NEW PRODUCT LAUNCHES 376
TABLE 329 CURTIS INSTRUMENTS INC.: DEALS 376
TABLE 330 CURTIS INSTRUMENTS INC.: OTHERS 376
13.2.11 QS MOTOR LTD. 377
TABLE 331 QS MOTOR LTD.: BUSINESS OVERVIEW 377
TABLE 332 QS MOTOR LTD.: PRODUCTS OFFERED 377
13.2.12 CRYSTALYTE MOTORS 378
TABLE 333 CRYSTALYTE MOTORS: BUSINESS OVERVIEW 378
TABLE 334 CRYSTALYTE MOTORS: PRODUCTS OFFERED 378
13.2.13 PROTEAN ELECTRIC 379
TABLE 335 PROTEAN ELECTRIC: BUSINESS OVERVIEW 379
TABLE 336 PROTEAN ELECTRIC: PRODUCTS OFFERED 379
TABLE 337 PROTEAN ELECTRIC: DEALS 380
TABLE 338 PROTEAN ELECTRIC: OTHERS 380
13.2.14 NTN GROUP 381
TABLE 339 NTN GROUP: BUSINESS OVERVIEW 381
FIGURE 92 NTN GROUP: COMPANY SNAPSHOT 381
TABLE 340 NTN GROUP: PRODUCTS OFFERED 382
13.2.15 NSK LTD. 383
TABLE 341 NSK LTD.: BUSINESS OVERVIEW 383
FIGURE 93 NSK LTD.: COMPANY SNAPSHOT 384
TABLE 342 NSK LTD.: PRODUCTS OFFERED 384
TABLE 343 NSK LTD.: NEW PRODUCT LAUNCHES 385
13.2.16 ELAPHE PROPULSION TECHNOLOGIES LTD. 386
TABLE 344 ELAPHE PROPULSION TECHNOLOGIES LTD.: BUSINESS OVERVIEW 386
TABLE 345 ELAPHE PROPULSION TECHNOLOGIES LTD.: PRODUCTS OFFERED 386
TABLE 346 ELAPHE PROPULSION TECHNOLOGIES LTD.: DEALS 387
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 388
13.3.1 GOVECS GROUP 388
13.3.2 LIT MOTORS INC. 389
13.3.3 MAGNA INTERNATIONAL 389
13.3.4 CONTINENTAL AG 390
13.3.5 WETTSEN CORPORATION 391
13.3.6 EVUM MOTORS 391
13.3.7 ALKE 392
13.3.8 CFMOTO 392
13.3.9 PILOTCAR ELECTRIC VEHICLES 393
13.3.10 BALKANCAR RECORD 393
13.3.11 DRR USA 394
13.3.12 LINHAI 394
13.3.13 NEBULA AUTOMOTIVE PVT. LIMITED 395
13.3.14 AMERICAN LANDMASTER 395
13.3.15 ECO CHARGER 396
13.3.16 EXCAR 396
13.3.17 SUZHOU EAGLE ELECTRIC VEHICLE 397
13.3.18 POWERLAND AGRO TRACTOR VEHICLES 397
13.3.19 CROSSFIRE MOTORCYCLES 398
13.3.20 VOLCON 398
13.3.21 TESLA INC. 399
13.3.22 AUTO RENNEN INDIA 399
13.3.23 SMART CART 400
14 RECOMMENDATION 401
14.1 ASIA PACIFIC TO BE KEY MARKET FOR LEVS 401
14.2 KEY FOCUS AREAS FOR LEV MANUFACTURERS: RISING E-COMMERCE SECTOR AND STANDARD SAFETY FEATURES 401
14.3 CONCLUSION 402
15 APPENDIX 403
15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 403
15.2 DISCUSSION GUIDE 403
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 406
15.4 AVAILABLE CUSTOMIZATIONS 408
15.5 RELATED REPORTS 408
15.6 AUTHOR DETAILS 409

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[小型電気自動車(LEV)のグローバル市場予測(~2027):電動ATV/UTV、電動自転車、電動スクーター、電動バイク] ( Light Electric Vehicles (LEVs) Market by Vehicle Category, Application (Personal Mobility, Shared Mobility, Recreation & Sports, Commercial), Power Output (Less than 6 kW, 6-9 kW, 9-15 kW), Component Type, Vehicle Type Region - Global Forecast to 2027 / AT8184-22) についてEメールでお問い合わせ


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