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Low Speed Electric Vehicles-Global Market Insights and Sales Trends 2024
Synopsis
A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.
The global Low Speed Electric Vehicles market size is expected to reach US$ 14940 million by 2029, growing at a CAGR of 11.0% from 2023 to 2029. The market is mainly driven by the significant applications of Low Speed Electric Vehicles in various end use industries. The expanding demands from the Below 50km/h and 50-70km/h, are propelling Low Speed Electric Vehicles market. 2.8m and Below, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Above 2.8m segment is estimated at % CAGR for the next seven-year period.
In China, main manufacturers of low speed electric vehicles include Letin, Jinpeng and Honri, etc. The top three players hold a share nearly 55%. The largest China market is East China, holds a share about 55%, followed by Central China and North China, both holding a share about 13 percent.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Body Length, by Speed. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low Speed Electric Vehicles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low Speed Electric Vehicles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low Speed Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low Speed Electric Vehicles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low Speed Electric Vehicles covered in this report include Letin, Jinpeng, Honri, ECAR, Entu, GreenWheel, Hantour, Jiayuan and Lichi, etc.
The global Low Speed Electric Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng
Global Low Speed Electric Vehicles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low Speed Electric Vehicles market, Segment by Body Length:
2.8m and Below
Above 2.8m
Global Low Speed Electric Vehicles market, by Speed
Below 50km/h
50-70km/h
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Body Length, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Low Speed Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Low Speed Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Speed, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.
The global Low Speed Electric Vehicles market size is expected to reach US$ 14940 million by 2029, growing at a CAGR of 11.0% from 2023 to 2029. The market is mainly driven by the significant applications of Low Speed Electric Vehicles in various end use industries. The expanding demands from the Below 50km/h and 50-70km/h, are propelling Low Speed Electric Vehicles market. 2.8m and Below, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Above 2.8m segment is estimated at % CAGR for the next seven-year period.
In China, main manufacturers of low speed electric vehicles include Letin, Jinpeng and Honri, etc. The top three players hold a share nearly 55%. The largest China market is East China, holds a share about 55%, followed by Central China and North China, both holding a share about 13 percent.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Body Length, by Speed. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Low Speed Electric Vehicles, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Low Speed Electric Vehicles market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Low Speed Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Low Speed Electric Vehicles sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Low Speed Electric Vehicles covered in this report include Letin, Jinpeng, Honri, ECAR, Entu, GreenWheel, Hantour, Jiayuan and Lichi, etc.
The global Low Speed Electric Vehicles market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng
Global Low Speed Electric Vehicles market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Low Speed Electric Vehicles market, Segment by Body Length:
2.8m and Below
Above 2.8m
Global Low Speed Electric Vehicles market, by Speed
Below 50km/h
50-70km/h
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Body Length, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Low Speed Electric Vehicles manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Low Speed Electric Vehicles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Speed, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Low Speed Electric Vehicles Market Overview
1.1 Low Speed Electric Vehicles Product Overview
1.2 Low Speed Electric Vehicles Market Segment by Body Length
1.2.1 2.8m and Below
1.2.2 Above 2.8m
1.3 Global Low Speed Electric Vehicles Market Size by Body Length
1.3.1 Global Low Speed Electric Vehicles Market Size Overview by Body Length (2018-2029)
1.3.2 Global Low Speed Electric Vehicles Historic Market Size Review by Body Length (2018-2023)
1.3.3 Global Low Speed Electric Vehicles Forecasted Market Size by Body Length (2024-2029)
1.4 Key Regions Market Size Segment by Body Length
1.4.1 North America Low Speed Electric Vehicles Sales Breakdown by Body Length (2018-2023)
1.4.2 Europe Low Speed Electric Vehicles Sales Breakdown by Body Length (2018-2023)
1.4.3 Asia-Pacific Low Speed Electric Vehicles Sales Breakdown by Body Length (2018-2023)
1.4.4 Latin America Low Speed Electric Vehicles Sales Breakdown by Body Length (2018-2023)
1.4.5 Middle East and Africa Low Speed Electric Vehicles Sales Breakdown by Body Length (2018-2023)
2 Global Low Speed Electric Vehicles Market Competition by Company
2.1 Global Top Players by Low Speed Electric Vehicles Sales (2018-2023)
2.2 Global Top Players by Low Speed Electric Vehicles Revenue (2018-2023)
2.3 Global Top Players by Low Speed Electric Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Low Speed Electric Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Low Speed Electric Vehicles Market Competitive Situation and Trends
2.5.1 Low Speed Electric Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Low Speed Electric Vehicles Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Low Speed Electric Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Low Speed Electric Vehicles Market
2.8 Key Manufacturers Low Speed Electric Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Low Speed Electric Vehicles Status and Outlook by Region
3.1 Global Low Speed Electric Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Low Speed Electric Vehicles Historic Market Size by Region
3.2.1 Global Low Speed Electric Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Low Speed Electric Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Low Speed Electric Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Low Speed Electric Vehicles Forecasted Market Size by Region
3.3.1 Global Low Speed Electric Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Low Speed Electric Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Low Speed Electric Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Low Speed Electric Vehicles by Speed
4.1 Low Speed Electric Vehicles Market Segment by Speed
4.1.1 Below 50km/h
4.1.2 50-70km/h
4.2 Global Low Speed Electric Vehicles Market Size by Speed
4.2.1 Global Low Speed Electric Vehicles Market Size Overview by Speed (2018-2029)
4.2.2 Global Low Speed Electric Vehicles Historic Market Size Review by Speed (2018-2023)
4.2.3 Global Low Speed Electric Vehicles Forecasted Market Size by Speed (2024-2029)
4.3 Key Regions Market Size Segment by Speed
4.3.1 North America Low Speed Electric Vehicles Sales Breakdown by Speed (2018-2023)
4.3.2 Europe Low Speed Electric Vehicles Sales Breakdown by Speed (2018-2023)
4.3.3 Asia-Pacific Low Speed Electric Vehicles Sales Breakdown by Speed (2018-2023)
4.3.4 Latin America Low Speed Electric Vehicles Sales Breakdown by Speed (2018-2023)
4.3.5 Middle East and Africa Low Speed Electric Vehicles Sales Breakdown by Speed (2018-2023)
5 North America Low Speed Electric Vehicles by Country
5.1 North America Low Speed Electric Vehicles Historic Market Size by Country
5.1.1 North America Low Speed Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Low Speed Electric Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Low Speed Electric Vehicles Sales in Value by Country (2018-2023)
5.2 North America Low Speed Electric Vehicles Forecasted Market Size by Country
5.2.1 North America Low Speed Electric Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Low Speed Electric Vehicles Sales in Value by Country (2024-2029)
6 Europe Low Speed Electric Vehicles by Country
6.1 Europe Low Speed Electric Vehicles Historic Market Size by Country
6.1.1 Europe Low Speed Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Low Speed Electric Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Low Speed Electric Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Low Speed Electric Vehicles Forecasted Market Size by Country
6.2.1 Europe Low Speed Electric Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Low Speed Electric Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Low Speed Electric Vehicles by Region
7.1 Asia-Pacific Low Speed Electric Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Low Speed Electric Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Low Speed Electric Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Low Speed Electric Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Low Speed Electric Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Low Speed Electric Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Low Speed Electric Vehicles Sales in Value by Region (2024-2029)
8 Latin America Low Speed Electric Vehicles by Country
8.1 Latin America Low Speed Electric Vehicles Historic Market Size by Country
8.1.1 Latin America Low Speed Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Low Speed Electric Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Low Speed Electric Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Low Speed Electric Vehicles Forecasted Market Size by Country
8.2.1 Latin America Low Speed Electric Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Low Speed Electric Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Low Speed Electric Vehicles by Country
9.1 Middle East and Africa Low Speed Electric Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Low Speed Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Low Speed Electric Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Low Speed Electric Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Low Speed Electric Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Low Speed Electric Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Low Speed Electric Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Letin
10.1.1 Letin Company Information
10.1.2 Letin Introduction and Business Overview
10.1.3 Letin Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Letin Low Speed Electric Vehicles Products Offered
10.1.5 Letin Recent Development
10.2 Jinpeng
10.2.1 Jinpeng Company Information
10.2.2 Jinpeng Introduction and Business Overview
10.2.3 Jinpeng Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Jinpeng Low Speed Electric Vehicles Products Offered
10.2.5 Jinpeng Recent Development
10.3 Honri
10.3.1 Honri Company Information
10.3.2 Honri Introduction and Business Overview
10.3.3 Honri Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Honri Low Speed Electric Vehicles Products Offered
10.3.5 Honri Recent Development
10.4 ECAR
10.4.1 ECAR Company Information
10.4.2 ECAR Introduction and Business Overview
10.4.3 ECAR Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 ECAR Low Speed Electric Vehicles Products Offered
10.4.5 ECAR Recent Development
10.5 Entu
10.5.1 Entu Company Information
10.5.2 Entu Introduction and Business Overview
10.5.3 Entu Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Entu Low Speed Electric Vehicles Products Offered
10.5.5 Entu Recent Development
10.6 GreenWheel
10.6.1 GreenWheel Company Information
10.6.2 GreenWheel Introduction and Business Overview
10.6.3 GreenWheel Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 GreenWheel Low Speed Electric Vehicles Products Offered
10.6.5 GreenWheel Recent Development
10.7 Hantour
10.7.1 Hantour Company Information
10.7.2 Hantour Introduction and Business Overview
10.7.3 Hantour Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Hantour Low Speed Electric Vehicles Products Offered
10.7.5 Hantour Recent Development
10.8 Jiayuan
10.8.1 Jiayuan Company Information
10.8.2 Jiayuan Introduction and Business Overview
10.8.3 Jiayuan Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Jiayuan Low Speed Electric Vehicles Products Offered
10.8.5 Jiayuan Recent Development
10.9 Lichi
10.9.1 Lichi Company Information
10.9.2 Lichi Introduction and Business Overview
10.9.3 Lichi Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Lichi Low Speed Electric Vehicles Products Offered
10.9.5 Lichi Recent Development
10.10 Shifeng
10.10.1 Shifeng Company Information
10.10.2 Shifeng Introduction and Business Overview
10.10.3 Shifeng Low Speed Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Shifeng Low Speed Electric Vehicles Products Offered
10.10.5 Shifeng Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Low Speed Electric Vehicles Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Low Speed Electric Vehicles Industrial Chain Analysis
11.4 Low Speed Electric Vehicles Market Dynamics
11.4.1 Low Speed Electric Vehicles Industry Trends
11.4.2 Low Speed Electric Vehicles Market Drivers
11.4.3 Low Speed Electric Vehicles Market Challenges
11.4.4 Low Speed Electric Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Low Speed Electric Vehicles Distributors
12.3 Low Speed Electric Vehicles Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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