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.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
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
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
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
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)
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)
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)
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)
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)
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)
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
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
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