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Small Electric Vehicles-Global Market Insights and Sales Trends 2024
Synopsis
Electric Vehicles are vehicles that are either partially or fully powered on electric power. Electric vehicles have low running costs as they have less moving parts for maintaining and also very environmentally friendly as they use little or no fossil fuels (petrol or diesel).
The global Small Electric Vehicles market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Small Electric Vehicles in various end use industries. The expanding demands from the Home Use and Commercial Use, are propelling Small Electric Vehicles market. BEV, 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 PHEV segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. 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 Small 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 Small 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 Small Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Small 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 Small Electric Vehicles covered in this report include Tesla, BYD, SAIC, BAIC, BMW, Hyundai & Kia, GEELY, Nissan and Volkswagen, etc.
The global Small 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:
Tesla
BYD
SAIC
BAIC
BMW
Hyundai & Kia
GEELY
Nissan
Volkswagen
Renault
JAC
TOYOTA
Mitsubishi
Chery
VOLVO
GAC Motor
Great Wall Motors
DongFeng Motor
Global Small 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 Small Electric Vehicles market, Segment by Type:
BEV
PHEV
Global Small Electric Vehicles market, by Application
Home Use
Commercial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Small 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 Small 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 Application, 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.
Electric Vehicles are vehicles that are either partially or fully powered on electric power. Electric vehicles have low running costs as they have less moving parts for maintaining and also very environmentally friendly as they use little or no fossil fuels (petrol or diesel).
The global Small Electric Vehicles market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Small Electric Vehicles in various end use industries. The expanding demands from the Home Use and Commercial Use, are propelling Small Electric Vehicles market. BEV, 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 PHEV segment is estimated at % CAGR for the next seven-year period.
Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. 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 Small 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 Small 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 Small Electric Vehicles market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Small 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 Small Electric Vehicles covered in this report include Tesla, BYD, SAIC, BAIC, BMW, Hyundai & Kia, GEELY, Nissan and Volkswagen, etc.
The global Small 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:
Tesla
BYD
SAIC
BAIC
BMW
Hyundai & Kia
GEELY
Nissan
Volkswagen
Renault
JAC
TOYOTA
Mitsubishi
Chery
VOLVO
GAC Motor
Great Wall Motors
DongFeng Motor
Global Small 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 Small Electric Vehicles market, Segment by Type:
BEV
PHEV
Global Small Electric Vehicles market, by Application
Home Use
Commercial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Small 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 Small 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 Application, 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 Small Electric Vehicles Market Overview
1.1 Small Electric Vehicles Product Overview
1.2 Small Electric Vehicles Market Segment by Type
1.2.1 BEV
1.2.2 PHEV
1.3 Global Small Electric Vehicles Market Size by Type
1.3.1 Global Small Electric Vehicles Market Size Overview by Type (2018-2029)
1.3.2 Global Small Electric Vehicles Historic Market Size Review by Type (2018-2023)
1.3.3 Global Small Electric Vehicles Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Small Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.2 Europe Small Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Small Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Small Electric Vehicles Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Small Electric Vehicles Sales Breakdown by Type (2018-2023)
2 Global Small Electric Vehicles Market Competition by Company
2.1 Global Top Players by Small Electric Vehicles Sales (2018-2023)
2.2 Global Top Players by Small Electric Vehicles Revenue (2018-2023)
2.3 Global Top Players by Small Electric Vehicles Price (2018-2023)
2.4 Global Top Manufacturers Small Electric Vehicles Manufacturing Base Distribution, Sales Area, Product Type
2.5 Small Electric Vehicles Market Competitive Situation and Trends
2.5.1 Small Electric Vehicles Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Small 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 Small Electric Vehicles as of 2022)
2.7 Date of Key Manufacturers Enter into Small Electric Vehicles Market
2.8 Key Manufacturers Small Electric Vehicles Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Small Electric Vehicles Status and Outlook by Region
3.1 Global Small Electric Vehicles Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Small Electric Vehicles Historic Market Size by Region
3.2.1 Global Small Electric Vehicles Sales in Volume by Region (2018-2023)
3.2.2 Global Small Electric Vehicles Sales in Value by Region (2018-2023)
3.2.3 Global Small Electric Vehicles Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Small Electric Vehicles Forecasted Market Size by Region
3.3.1 Global Small Electric Vehicles Sales in Volume by Region (2024-2029)
3.3.2 Global Small Electric Vehicles Sales in Value by Region (2024-2029)
3.3.3 Global Small Electric Vehicles Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Small Electric Vehicles by Application
4.1 Small Electric Vehicles Market Segment by Application
4.1.1 Home Use
4.1.2 Commercial Use
4.2 Global Small Electric Vehicles Market Size by Application
4.2.1 Global Small Electric Vehicles Market Size Overview by Application (2018-2029)
4.2.2 Global Small Electric Vehicles Historic Market Size Review by Application (2018-2023)
4.2.3 Global Small Electric Vehicles Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Small Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.2 Europe Small Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Small Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Small Electric Vehicles Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Small Electric Vehicles Sales Breakdown by Application (2018-2023)
5 North America Small Electric Vehicles by Country
5.1 North America Small Electric Vehicles Historic Market Size by Country
5.1.1 North America Small Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Small Electric Vehicles Sales in Volume by Country (2018-2023)
5.1.3 North America Small Electric Vehicles Sales in Value by Country (2018-2023)
5.2 North America Small Electric Vehicles Forecasted Market Size by Country
5.2.1 North America Small Electric Vehicles Sales in Volume by Country (2024-2029)
5.2.2 North America Small Electric Vehicles Sales in Value by Country (2024-2029)
6 Europe Small Electric Vehicles by Country
6.1 Europe Small Electric Vehicles Historic Market Size by Country
6.1.1 Europe Small Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Small Electric Vehicles Sales in Volume by Country (2018-2023)
6.1.3 Europe Small Electric Vehicles Sales in Value by Country (2018-2023)
6.2 Europe Small Electric Vehicles Forecasted Market Size by Country
6.2.1 Europe Small Electric Vehicles Sales in Volume by Country (2024-2029)
6.2.2 Europe Small Electric Vehicles Sales in Value by Country (2024-2029)
7 Asia-Pacific Small Electric Vehicles by Region
7.1 Asia-Pacific Small Electric Vehicles Historic Market Size by Region
7.1.1 Asia-Pacific Small Electric Vehicles Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Small Electric Vehicles Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Small Electric Vehicles Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Small Electric Vehicles Forecasted Market Size by Region
7.2.1 Asia-Pacific Small Electric Vehicles Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Small Electric Vehicles Sales in Value by Region (2024-2029)
8 Latin America Small Electric Vehicles by Country
8.1 Latin America Small Electric Vehicles Historic Market Size by Country
8.1.1 Latin America Small Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Small Electric Vehicles Sales in Volume by Country (2018-2023)
8.1.3 Latin America Small Electric Vehicles Sales in Value by Country (2018-2023)
8.2 Latin America Small Electric Vehicles Forecasted Market Size by Country
8.2.1 Latin America Small Electric Vehicles Sales in Volume by Country (2024-2029)
8.2.2 Latin America Small Electric Vehicles Sales in Value by Country (2024-2029)
9 Middle East and Africa Small Electric Vehicles by Country
9.1 Middle East and Africa Small Electric Vehicles Historic Market Size by Country
9.1.1 Middle East and Africa Small Electric Vehicles Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Small Electric Vehicles Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Small Electric Vehicles Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Small Electric Vehicles Forecasted Market Size by Country
9.2.1 Middle East and Africa Small Electric Vehicles Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Small Electric Vehicles Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Tesla
10.1.1 Tesla Company Information
10.1.2 Tesla Introduction and Business Overview
10.1.3 Tesla Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Tesla Small Electric Vehicles Products Offered
10.1.5 Tesla Recent Development
10.2 BYD
10.2.1 BYD Company Information
10.2.2 BYD Introduction and Business Overview
10.2.3 BYD Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BYD Small Electric Vehicles Products Offered
10.2.5 BYD Recent Development
10.3 SAIC
10.3.1 SAIC Company Information
10.3.2 SAIC Introduction and Business Overview
10.3.3 SAIC Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.3.4 SAIC Small Electric Vehicles Products Offered
10.3.5 SAIC Recent Development
10.4 BAIC
10.4.1 BAIC Company Information
10.4.2 BAIC Introduction and Business Overview
10.4.3 BAIC Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.4.4 BAIC Small Electric Vehicles Products Offered
10.4.5 BAIC Recent Development
10.5 BMW
10.5.1 BMW Company Information
10.5.2 BMW Introduction and Business Overview
10.5.3 BMW Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.5.4 BMW Small Electric Vehicles Products Offered
10.5.5 BMW Recent Development
10.6 Hyundai & Kia
10.6.1 Hyundai & Kia Company Information
10.6.2 Hyundai & Kia Introduction and Business Overview
10.6.3 Hyundai & Kia Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Hyundai & Kia Small Electric Vehicles Products Offered
10.6.5 Hyundai & Kia Recent Development
10.7 GEELY
10.7.1 GEELY Company Information
10.7.2 GEELY Introduction and Business Overview
10.7.3 GEELY Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.7.4 GEELY Small Electric Vehicles Products Offered
10.7.5 GEELY Recent Development
10.8 Nissan
10.8.1 Nissan Company Information
10.8.2 Nissan Introduction and Business Overview
10.8.3 Nissan Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Nissan Small Electric Vehicles Products Offered
10.8.5 Nissan Recent Development
10.9 Volkswagen
10.9.1 Volkswagen Company Information
10.9.2 Volkswagen Introduction and Business Overview
10.9.3 Volkswagen Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Volkswagen Small Electric Vehicles Products Offered
10.9.5 Volkswagen Recent Development
10.10 Renault
10.10.1 Renault Company Information
10.10.2 Renault Introduction and Business Overview
10.10.3 Renault Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Renault Small Electric Vehicles Products Offered
10.10.5 Renault Recent Development
10.11 JAC
10.11.1 JAC Company Information
10.11.2 JAC Introduction and Business Overview
10.11.3 JAC Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.11.4 JAC Small Electric Vehicles Products Offered
10.11.5 JAC Recent Development
10.12 TOYOTA
10.12.1 TOYOTA Company Information
10.12.2 TOYOTA Introduction and Business Overview
10.12.3 TOYOTA Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.12.4 TOYOTA Small Electric Vehicles Products Offered
10.12.5 TOYOTA Recent Development
10.13 Mitsubishi
10.13.1 Mitsubishi Company Information
10.13.2 Mitsubishi Introduction and Business Overview
10.13.3 Mitsubishi Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Mitsubishi Small Electric Vehicles Products Offered
10.13.5 Mitsubishi Recent Development
10.14 Chery
10.14.1 Chery Company Information
10.14.2 Chery Introduction and Business Overview
10.14.3 Chery Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Chery Small Electric Vehicles Products Offered
10.14.5 Chery Recent Development
10.15 VOLVO
10.15.1 VOLVO Company Information
10.15.2 VOLVO Introduction and Business Overview
10.15.3 VOLVO Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.15.4 VOLVO Small Electric Vehicles Products Offered
10.15.5 VOLVO Recent Development
10.16 GAC Motor
10.16.1 GAC Motor Company Information
10.16.2 GAC Motor Introduction and Business Overview
10.16.3 GAC Motor Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.16.4 GAC Motor Small Electric Vehicles Products Offered
10.16.5 GAC Motor Recent Development
10.17 Great Wall Motors
10.17.1 Great Wall Motors Company Information
10.17.2 Great Wall Motors Introduction and Business Overview
10.17.3 Great Wall Motors Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Great Wall Motors Small Electric Vehicles Products Offered
10.17.5 Great Wall Motors Recent Development
10.18 DongFeng Motor
10.18.1 DongFeng Motor Company Information
10.18.2 DongFeng Motor Introduction and Business Overview
10.18.3 DongFeng Motor Small Electric Vehicles Sales, Revenue and Gross Margin (2018-2023)
10.18.4 DongFeng Motor Small Electric Vehicles Products Offered
10.18.5 DongFeng Motor Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Small 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 Small Electric Vehicles Industrial Chain Analysis
11.4 Small Electric Vehicles Market Dynamics
11.4.1 Small Electric Vehicles Industry Trends
11.4.2 Small Electric Vehicles Market Drivers
11.4.3 Small Electric Vehicles Market Challenges
11.4.4 Small Electric Vehicles Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Small Electric Vehicles Distributors
12.3 Small 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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