Light Electric Vehicles Market Size, Share, and Trends 2024 to 2034

The global light electric vehicles market size accounted for USD 97.82 billion in 2024, grew to USD 107.35 billion in 2025 and is expected to be worth around USD 247.80 billion by 2034, registering a CAGR of 9.74% between 2024 and 2034.

  • Last Updated : November 2024
  • Report Code : 2817
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Light Electric Vehicles Market 

5.1. COVID-19 Landscape: Light Electric Vehicles Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Light Electric Vehicles Market, By Vehicle Category

8.1. Light Electric Vehicles Market Revenue and Volume, by Vehicle Category, 2024-2034

8.1.1. 2-wheelers

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. 3-wheelers

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. 4-wheelers

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Light Electric Vehicles Market, By Application

9.1. Light Electric Vehicles Market Revenue and Volume, by Application, 2024-2034

9.1.1. Personal Mobility

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Shared Mobility

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Recreation & Sports

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Commercial

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Light Electric Vehicles Market, By Power Output 

10.1. Light Electric Vehicles Market Revenue and Volume, by Power Output, 2024-2034

10.1.1. Less than 6 kW

10.1.1.1. Market Revenue and Volume Forecast (2021-2034)

10.1.2. 6–9 kW

10.1.2.1. Market Revenue and Volume Forecast (2021-2034)

10.1.3. 9–15 kW

10.1.3.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 11. Global Light Electric Vehicles Market, By Component

11.1. Light Electric Vehicles Market Revenue and Volume, by Component, 2024-2034

11.1.1. Battery pack

11.1.1.1. Market Revenue and Volume Forecast (2021-2034)

11.1.2. Electric motor (Propulsion Motor)

11.1.2.1. Market Revenue and Volume Forecast (2021-2034)

11.1.3. Motor controller

11.1.3.1. Market Revenue and Volume Forecast (2021-2034)

11.1.4. Inverters

11.1.4.1. Market Revenue and Volume Forecast (2021-2034)

11.1.5. Power Controller

11.1.5.1. Market Revenue and Volume Forecast (2021-2034)

11.1.6. E-brake booster

11.1.6.1. Market Revenue and Volume Forecast (2021-2034)

11.1.7. Power Electronics

11.1.7.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 12. Global Light Electric Vehicles Market, By Component

12.1. Light Electric Vehicles Market Revenue and Volume, by Component, 2024-2034

12.1.1. e-ATV/UTV

12.1.1.1. Market Revenue and Volume Forecast (2021-2034)

12.1.2. e-bike

12.1.2.1. Market Revenue and Volume Forecast (2021-2034)

12.1.3. e-scooter

12.1.3.1. Market Revenue and Volume Forecast (2021-2034)

12.1.4. e-motorcycle

12.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 13. Global Light Electric Vehicles Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.1.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.1.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.1.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.1.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.1.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.1.6.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.1.6.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.1.6.5. Market Revenue and Volume Forecast, by Component (2021-2034) 

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.1.7.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.1.7.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.1.7.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.1.7.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.2.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.2.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.2.4. Market Revenue and Volume Forecast, by Component (2021-2034) 

13.2.5. Market Revenue and Volume Forecast, by Component (2021-2034) 

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.2.6.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.2.7. Market Revenue and Volume Forecast, by Component (2021-2034) 

13.2.8. Market Revenue and Volume Forecast, by Component (2021-2034) 

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.2.9.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.2.9.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.2.10. Market Revenue and Volume Forecast, by Component (2021-2034)

13.2.11. Market Revenue and Volume Forecast, by Component (2021-2034)

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.2.12.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.2.12.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.2.12.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.2.13. Market Revenue and Volume Forecast, by Component (2021-2034)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.2.14.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.2.14.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.2.14.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.2.15. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.3.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.3.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.3.6.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.3.6.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.7. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.3.8.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.3.8.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.3.8.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.9. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.3.10.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.3.10.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.3.10.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.10.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.3.11.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.3.11.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.3.11.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.3.11.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.4.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.4.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.4.6.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.4.6.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.7. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.4.8.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.4.8.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.4.8.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.9. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.4.10.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.4.10.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.4.10.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.10.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.4.11.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.4.11.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.4.11.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.4.11.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.5.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.5.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.5.5. Market Revenue and Volume Forecast, by Component (2021-2034)

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.5.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.5.6.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.5.6.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.5.7. Market Revenue and Volume Forecast, by Component (2021-2034)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Vehicle Category (2021-2034)

13.5.8.2. Market Revenue and Volume Forecast, by Application (2021-2034)

13.5.8.3. Market Revenue and Volume Forecast, by Power Output (2021-2034)

13.5.8.4. Market Revenue and Volume Forecast, by Component (2021-2034)

13.5.8.5. Market Revenue and Volume Forecast, by Component (2021-2034)

Chapter 14. Company Profiles

14.1. Accelerated Systems Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Addax Motors

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Aisin Corporation

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Alke, American Landmaster

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Ari Motors

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Auro Robotics

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Auto Rennen India

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Balkancar Record

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. BMW AG

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Borgwarner Inc.

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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