Global Light Electric Vehicles Market 2023 | Overview, New Developments, Trends Analysis, And Forecast To 2032
The Business Research Company’s Light Electric Vehicles Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Light Electric Vehicles Global Market Report 2023 evaluates light electric vehicles market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global light electric vehicles market size is expected to grow from $71.17 billion in 2022 to $78.21 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global light electric vehicles market size is expected to grow to $111.58 billion in 2027 at a CAGR of 9.3%.
The light
electric vehicles market segments in the report are:
1) By Product:
Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery
Electric Vehicle (BEV)
2) By Component
Type: Battery Pack, Electric motor, Motor controller, Inverters, Power
controller, E-brakes controller, Power electronics
3) By Power
Output: Less than 6kW, 6-9 Kw, 9-15 Kw
4) By Vehicle
Type: e-ATV, e-bike, e-scooter, e-motorcycle, neighborhood electric vehicle,
e-lawn mower, Electric industrial vehicle, Autonomous forklifts, Automated
guided vehicles
5) By Application: Personal Mobility, Shared Mobility, Recreation and Sport, Commercial
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Report:
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