Global Low Speed Electric Vehicle (LSEV) Market 2023-2027

Description

List of Tables

Technavio has been monitoring the low speed electric vehicle (LSEV) market and is forecast to grow by 10540.84 th units during 2022-2027, accelerating at a CAGR of 26.89% during the forecast period. Our report on the low speed electric vehicle (LSEV) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the adoption of 3D printing technology for vehicle customization and faster LSEVs roll-out, growing awareness of LSEVs as a low-cost and eco-friendly transportation option, and relaxation in legal age limit and driver licensing for LSEVs.

Technavio's low speed electric vehicle (LSEV) market is segmented as below:

By Application

Golf courses
Tourist destination
Hotel and resort
Airport
Residential and commercial premises

By Product

Passenger vehicle
Utility vehicle

By Geography

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the development of foldable LSEVs as one of the prime reasons driving the low speed electric vehicle (LSEV) market growth during the next few years. Also, growing demand for LSEVs in car-sharing and advanced battery options for LSEVs will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the low speed electric vehicle (LSEV) market covers the following areas:

Low speed electric vehicle (LSEV) market sizing
Low speed electric vehicle (LSEV) market forecast
Low speed electric vehicle (LSEV) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading low speed electric vehicle (LSEV) market vendors that include ACG Inc., AGT Electric Cars, Automobiles Chatenet, Citytransformer Ltd., Hebei Yudea New Energy Technology Group Co. Ltd., Honda Motor Co. Ltd., ICON Electric Vehicles, Jiangsu Jinpeng Group Co., Ltd., Kandi Technologies Group Inc., LIGIER GROUP, Moto Electric Vehicles, Polaris Inc., Renault SAS, Shandong Shifeng Group Co. Ltd., Tata Motors Ltd., Tazzari Group, Toyota Motor Corp., Tropos Technologies Inc., XEV Ltd., and Xinxiang Hezon Xinhui Vehicle Co. Ltd. Also, the low speed electric vehicle (LSEV) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72037

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global low speed electric vehicle (LSEV) market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global low speed electric vehicle (LSEV) market 2017 - 2021 (thousand units)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 (thousand units)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 (thousand units)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 (thousand units)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 (thousand units)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Golf courses - Market size and forecast 2022-2027
Exhibit 34: Chart on Golf courses - Market size and forecast 2022-2027 (thousand units)
Exhibit 35: Data Table on Golf courses - Market size and forecast 2022-2027 (thousand units)
Exhibit 36: Chart on Golf courses - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Golf courses - Year-over-year growth 2022-2027 (%)
6.4 Tourist destination - Market size and forecast 2022-2027
Exhibit 38: Chart on Tourist destination - Market size and forecast 2022-2027 (thousand units)
Exhibit 39: Data Table on Tourist destination - Market size and forecast 2022-2027 (thousand units)
Exhibit 40: Chart on Tourist destination - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Tourist destination - Year-over-year growth 2022-2027 (%)
6.5 Hotel and resort - Market size and forecast 2022-2027
Exhibit 42: Chart on Hotel and resort - Market size and forecast 2022-2027 (thousand units)
Exhibit 43: Data Table on Hotel and resort - Market size and forecast 2022-2027 (thousand units)
Exhibit 44: Chart on Hotel and resort - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Hotel and resort - Year-over-year growth 2022-2027 (%)
6.6 Airport - Market size and forecast 2022-2027
Exhibit 46: Chart on Airport - Market size and forecast 2022-2027 (thousand units)
Exhibit 47: Data Table on Airport - Market size and forecast 2022-2027 (thousand units)
Exhibit 48: Chart on Airport - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Airport - Year-over-year growth 2022-2027 (%)
6.7 Residential and commercial premises - Market size and forecast 2022-2027
Exhibit 50: Chart on Residential and commercial premises - Market size and forecast 2022-2027 (thousand units)
Exhibit 51: Data Table on Residential and commercial premises - Market size and forecast 2022-2027 (thousand units)
Exhibit 52: Chart on Residential and commercial premises - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Residential and commercial premises - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Application
Exhibit 54: Market opportunity by Application (thousand units)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 55: Chart on Product - Market share 2022-2027 (%)
Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 57: Chart on Comparison by Product
Exhibit 58: Data Table on Comparison by Product
7.3 Passenger vehicle - Market size and forecast 2022-2027
Exhibit 59: Chart on Passenger vehicle - Market size and forecast 2022-2027 (thousand units)
Exhibit 60: Data Table on Passenger vehicle - Market size and forecast 2022-2027 (thousand units)
Exhibit 61: Chart on Passenger vehicle - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Passenger vehicle - Year-over-year growth 2022-2027 (%)
7.4 Utility vehicle - Market size and forecast 2022-2027
Exhibit 63: Chart on Utility vehicle - Market size and forecast 2022-2027 (thousand units)
Exhibit 64: Data Table on Utility vehicle - Market size and forecast 2022-2027 (thousand units)
Exhibit 65: Chart on Utility vehicle - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Utility vehicle - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Product
Exhibit 67: Market opportunity by Product (thousand units)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 77: Chart on North America - Market size and forecast 2022-2027 (thousand units)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 85: Chart on South America - Market size and forecast 2022-2027 (thousand units)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand units)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand units)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 97: Chart on US - Market size and forecast 2022-2027 (thousand units)
Exhibit 98: Data Table on US - Market size and forecast 2022-2027 (thousand units)
Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 (thousand units)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 (thousand units)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 105: Chart on UK - Market size and forecast 2022-2027 (thousand units)
Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 (thousand units)
Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 France - Market size and forecast 2022-2027
Exhibit 109: Chart on France - Market size and forecast 2022-2027 (thousand units)
Exhibit 110: Data Table on France - Market size and forecast 2022-2027 (thousand units)
Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 113: Market opportunity by geography (thousand units)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 ACG Inc.
Exhibit 120: ACG Inc. - Overview
Exhibit 121: ACG Inc. - Product / Service
Exhibit 122: ACG Inc. - Key offerings
12.4 Automobiles Chatenet
Exhibit 123: Automobiles Chatenet - Overview
Exhibit 124: Automobiles Chatenet - Product / Service
Exhibit 125: Automobiles Chatenet - Key offerings
12.5 Citytransformer Ltd.
Exhibit 126: Citytransformer Ltd. - Overview
Exhibit 127: Citytransformer Ltd. - Product / Service
Exhibit 128: Citytransformer Ltd. - Key offerings
12.6 Hebei Yudea New Energy Technology Group Co. Ltd.
Exhibit 129: Hebei Yudea New Energy Technology Group Co. Ltd. - Overview
Exhibit 130: Hebei Yudea New Energy Technology Group Co. Ltd. - Product / Service
Exhibit 131: Hebei Yudea New Energy Technology Group Co. Ltd. - Key offerings
12.7 Honda Motor Co. Ltd.
Exhibit 132: Honda Motor Co. Ltd. - Overview
Exhibit 133: Honda Motor Co. Ltd. - Business segments
Exhibit 134: Honda Motor Co. Ltd. - Key news
Exhibit 135: Honda Motor Co. Ltd. - Key offerings
Exhibit 136: Honda Motor Co. Ltd. - Segment focus
12.8 ICON Electric Vehicles
Exhibit 137: ICON Electric Vehicles - Overview
Exhibit 138: ICON Electric Vehicles - Product / Service
Exhibit 139: ICON Electric Vehicles - Key offerings
12.9 Jiangsu Jinpeng Group Co., Ltd.
Exhibit 140: Jiangsu Jinpeng Group Co., Ltd. - Overview
Exhibit 141: Jiangsu Jinpeng Group Co., Ltd. - Product / Service
Exhibit 142: Jiangsu Jinpeng Group Co., Ltd. - Key offerings
12.10 Kandi Technologies Group Inc.
Exhibit 143: Kandi Technologies Group Inc. - Overview
Exhibit 144: Kandi Technologies Group Inc. - Product / Service
Exhibit 145: Kandi Technologies Group Inc. - Key offerings
12.11 LIGIER GROUP
Exhibit 146: LIGIER GROUP - Overview
Exhibit 147: LIGIER GROUP - Product / Service
Exhibit 148: LIGIER GROUP - Key offerings
12.12 Moto Electric Vehicles
Exhibit 149: Moto Electric Vehicles - Overview
Exhibit 150: Moto Electric Vehicles - Product / Service
Exhibit 151: Moto Electric Vehicles - Key offerings
12.13 Polaris Inc.
Exhibit 152: Polaris Inc. - Overview
Exhibit 153: Polaris Inc. - Business segments
Exhibit 154: Polaris Inc. - Key offerings
Exhibit 155: Polaris Inc. - Segment focus
12.14 Renault SAS
Exhibit 156: Renault SAS - Overview
Exhibit 157: Renault SAS - Product / Service
Exhibit 158: Renault SAS - Key news
Exhibit 159: Renault SAS - Key offerings
12.15 Shandong Shifeng Group Co. Ltd.
Exhibit 160: Shandong Shifeng Group Co. Ltd. - Overview
Exhibit 161: Shandong Shifeng Group Co. Ltd. - Product / Service
Exhibit 162: Shandong Shifeng Group Co. Ltd. - Key offerings
12.16 Tata Motors Ltd.
Exhibit 163: Tata Motors Ltd. - Overview
Exhibit 164: Tata Motors Ltd. - Business segments
Exhibit 165: Tata Motors Ltd. - Key news
Exhibit 166: Tata Motors Ltd. - Key offerings
Exhibit 167: Tata Motors Ltd. - Segment focus
12.17 Toyota Motor Corp.
Exhibit 168: Toyota Motor Corp. - Overview
Exhibit 169: Toyota Motor Corp. - Business segments
Exhibit 170: Toyota Motor Corp. - Key news
Exhibit 171: Toyota Motor Corp. - Key offerings
Exhibit 172: Toyota Motor Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations