Low Speed Electric Vehicle (LSEV) Market by Application, Product and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 170 SKU: IRTNTR72037

Low Speed Electric Vehicle (LSEV) Market Forecast 2023-2027

The Low Speed Electric Vehicle (LSEV) Market Size is forecast to increase by 10,540.84 thousand units, at a CAGR of 26.89% between 2022 and 2027. The growth of the market depends on several factors, including the adoption of 3D printing technology for vehicle customization and faster LSEVs roll-out, the growing awareness of LSEVs as a low-cost and eco-friendly transportation option, and the relaxation in legal age limit and driver licensing for LSEVs.  The report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Low Speed Electric Vehicle (LSEV) Market During the Forecast Period?

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Segmentation

This report extensively covers market segmentation by application (golf courses, tourist destination, hotel and resort, airport, and residential and commercial premises), product (passenger vehicle and utility vehicle), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

By Application

The market share growth by the golf courses segment will be significant during the forecast period. The market for LSEVs on golf courses is being driven in part by rising environmental awareness and concern. Many golf courses aim to minimize their environmental impact and reduce their carbon footprint because they are frequently situated in environmentally sensitive areas. LSEVs are a more environmentally friendly option for use on golf courses because they have no emissions and are much quieter than gas-powered carts. Rising fuel prices are also driving the market for LSEVs on golf courses. Moreover, LSEVs have much lower operating costs because they only need electricity to operate. Over time, this could result in significant cost savings for golf courses. Technology advancements are also fueling the LSEV market on golf courses during the forecast period.

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The golf courses segment was valued at 635.21 thousand units in 2017 and continue to grow by 2021. The market for LSEVs on golf courses is expected to grow significantly over the course of the forecast period due to a variety of factors, including environmental concerns, cost savings, and technological advancements. In the future, it is likely that more golf course operators will switch to LSEVs as these vehicles become more common on golf courses. These factors are expected to augment the demand for golf courses, which will drive the growth of the low speed EV market during the forecast period.

Key Regions

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APAC is estimated to contribute 84% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the most dominant contributor to the global LSEV market owing to the growing adoption of LSEVs in China. China has been the world's leading adopter of LSEVs since 2016 when the Chinese government granted legal status to LSEVs. The governing bodies across various countries in APAC are following suit by focusing on legalizing motorized quadricycle vehicles. Moreover, in India, the Automotive Research Association and the Government of India are defining a distinct set of emission test limits, crash-test, and other norms for motorized quadricycles. As the Indian government is also focused on pushing the adoption of EVs, LSEVs will be an ideal option for the government to drive the transition from ICE-based vehicles to EVs. Also, low car ownership in India is also a crucial driver for the adoption of EVs. Thus, the nation offers tremendous opportunities for making the electrification leap with fewer challenges and cost factors faced by nations with high car ownership, which is expected to be a major growth driver for the low  vehicle market in the country during the forecast period.

Market Dynamics and Customer Landscape

The Market is gaining traction amidst stringent pollution norms and the rising demand for fuel-efficient transportation solutions. LSEVs boast low emissions, leveraging innovative battery technologies like molten salt, zinc-air, and nickel-based designs, including lithium-ion batteries. These advancements align with the global push towards reducing vehicle emissions and mitigating pollution, gradually phasing out conventional ICE engines notorious for emitting carbon dioxide and greenhouse gases. Electric motors power LSEVs, eliminating the need for crude oil and reducing dependence on combustion engines. Automation plays a vital role in LSEV manufacturing, ensuring cost savings, quality control, and proactive maintenance scheduling to prevent impending failures. Real-time visibility facilitated by microcontrollers enables efficient management of LSEV fleets, minimizing unplanned downtime and optimizing operations within shipping containers equipped with necessary tools for maintenance and repairs. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The Market is experiencing significant growth, driven by the adoption of innovative technologies like 3D printing for customization and faster roll-out. LSEVs offer a safer and more economical alternative, with reduced operating costs due to their smaller size and efficient motors. China leads global LSEV adoption, fueled by the demand for customized models, prompting manufacturers to embrace advanced solutions like 3D printing. Honda Motor showcased its Micro Commuter electric car crafted using 3D printing, highlighting the potential for technological innovation. Companies like XEV in China are leveraging 3D printing to produce LSEVs efficiently. This trend underscores the market's evolution towards sustainability, with a focus on low emissions and cost-effective transportation solutions.

Significant Market Trend

Another key factor driving the global LSEV market growth is the development of foldable LSEVs. One of the several developments aimed at solving this mass-transit issue is the launch of foldable LSEVs, which are gaining traction in developed economies. The foldable EV concept was shaped in a 2003 design workshop hosted by the Media Lab. However, Hiriko Driving Mobility Consortium launched a prototype — Hiriko Fold — in 2012, which went into production in 2013. Hiriko Fold has a maximum speed of 50 kph/31 mph with a mile range of 120km/ 75 miles. The fold-up body shrinks the 2.5m car to 1.5m and allows for comfortable parking in a standard parking space on the streets.

Furthermore, in 2018, the Tel Aviv municipality announced that they will launch a pilot program in 2019 with 50 vehicles being tested on the streets. Other developed countries such as Germany and the US are leading the adoption of foldable LSEVs through car-sharing schemes. We expect this development to be crucial for the growing adoption of the LSEVs worldwide, particularly in emerging economies that are facing a parking space crunch in urban areas.

Major Market Challenge

One of the key challenges to the global LSEV market growth is the lack of safety quotient in LSEVs. Many countries do not have prescribed safety standards for these vehicles that make it easy for vehicle manufacturers to build these vehicles and offer them for sale without having to adhere to stringent safety regulations. The European New Car Assessment Programme (Euro NCAP) crash-tested popular motorized quadricycle models in Europe in 2014 and 2016 and reported that these vehicles offered minimal occupant protection in frontal and side crash tests.  

Moreover, in dominant markets like China, small manufacturers are building LSEVs to circumvent the legal vehicle registration process. However, these vehicles do not offer the same level of protection as compared to regular four-wheelers. Such factors are expected to hamper the demand for these vehicles, thereby limiting the growth of the market in focus during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Low Speed Electric Vehicle (LSEV) Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acg Cars - The company offers electric vehicles such as T sport. Also, the company offers different types of vehicles such as low speed vehicles, neighborhood electric vehicles, and others.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

  • AGT Electric Cars
  • Automobiles Chatenet
  • Citytransformer Ltd.
  • Hebei Yudea New Energy Technology Group Co. Ltd.
  • Honda Motor Co. Ltd.
  • ICON Electric Vehicles
  • Jiangsu Jinpeng Group Co., Ltd.
  • Kandi Technologies Group Inc.
  • LIGIER GROUP
  • Moto Electric Vehicles
  • Polaris Inc.
  • Renault SAS
  • Shandong Shifeng Group Co. Ltd.
  • Tata Motors Ltd.
  • Tazzari Group

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The  low-speed electric vehicle market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.  

  • Application Outlook 
    • Golf courses
    • Tourist destination
    • Hotel and resort
    • Airport
    • Residential and commercial premises
  • Product Outlook 
    • Passenger vehicle
    • Utility vehicle
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The Market is witnessing significant growth, driven by increasing concerns over pollution norms and the demand for fuel-efficient vehicles with low emissions. LSEVs, powered by batteries such as lithium-ion, zinc-air, and nickel-based designs, offer zero emissions, marking a paradigm shift from traditional ICE engines. These vehicles leverage electric motors for propulsion, reducing reliance on crude oil and mitigating greenhouse gases. Urbanization trends and government subsidies further accelerate their adoption, aligning with sustainability goals. The market also emphasizes efficiency improvements through data collection, sensors, and cloud-based platforms, ensuring optimal performance and proactive maintenance scheduling. LSEVs contribute to smart cities' initiatives, integrating with environmental monitoring systems and promoting environmental risk minimization.

The market is witnessing significant growth driven by factors such as rising concerns over vehicle emissions and the quest for alternative fuels like lithium-ion batteries. As combustion engine vehicles face scrutiny due to carbon dioxide emissions and the fluctuating price of fuel, LSEVs present a sustainable alternative. Moreover, with a focus on battery recycling and reducing dependence on gasoline and diesel, LSEVs align with efforts toward environmental conservation. Enhanced electrical and electronic components, along with innovations in tires, cables, and lubricants, optimize vehicle performance and equipment health. Automation and real-time visibility ensure quality control, prevent anomalies, and mitigate unplanned downtime. In hazardous environments like oil refineries and chemical plants, LSEVs equipped with advanced safety features provide worker health protection, monitoring temperature, pressure, and gas levels to prevent accidents. Additionally, leveraging data-driven decisions and wearable devices enhances workplace safety and productivity, facilitating fleet management and personalized healthcare services.

Low Speed Electric Vehicle (LSEV) Market Scope

Report Coverage

Details

Page number

170

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 26.89%

Market growth 2023-2027

10,540.84 thousand units

Market structure

Fragmented

YoY growth 2022-2023(%)

23.45

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 84%

Key countries

US, China, Germany, UK, and France

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ACG Inc., AGT Electric Cars, Automobiles Chatenet, Citytransformer Ltd., Hebei Yudea New Energy Technology Group Co. Ltd., Honda Motor Co. Ltd., ICON Electric Vehicles, Jiangsu Jinpeng Group Co., Ltd., Kandi Technologies Group Inc., LIGIER GROUP, Moto Electric Vehicles, Polaris Inc., Renault SAS, Shandong Shifeng Group Co. Ltd., Tata Motors Ltd., Tazzari Group, Toyota Motor Corp., Tropos Technologies Inc., XEV Ltd., and Xinxiang Hezon Xinhui Vehicle Co. Ltd.

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global low speed electric vehicle (LSEV) market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global low speed electric vehicle (LSEV) market 2017 - 2021 (thousand units)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 (thousand units)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 (thousand units)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand units)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Golf courses - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Golf courses - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 35: Data Table on Golf courses - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 36: Chart on Golf courses - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Golf courses - Year-over-year growth 2022-2027 (%)
    • 6.4 Tourist destination - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Tourist destination - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 39: Data Table on Tourist destination - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 40: Chart on Tourist destination - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Tourist destination - Year-over-year growth 2022-2027 (%)
    • 6.5 Hotel and resort - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Hotel and resort - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 43: Data Table on Hotel and resort - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 44: Chart on Hotel and resort - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Hotel and resort - Year-over-year growth 2022-2027 (%)
    • 6.6 Airport - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Airport - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 47: Data Table on Airport - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 48: Chart on Airport - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Airport - Year-over-year growth 2022-2027 (%)
    • 6.7 Residential and commercial premises - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Residential and commercial premises - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 51: Data Table on Residential and commercial premises - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 52: Chart on Residential and commercial premises - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Residential and commercial premises - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application (thousand units)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 55: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 57: Chart on Comparison by Product
      • Exhibit 58: Data Table on Comparison by Product
    • 7.3 Passenger vehicle - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Passenger vehicle - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 60: Data Table on Passenger vehicle - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 61: Chart on Passenger vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Passenger vehicle - Year-over-year growth 2022-2027 (%)
    • 7.4 Utility vehicle - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Utility vehicle - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 64: Data Table on Utility vehicle - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 65: Chart on Utility vehicle - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Utility vehicle - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 67: Market opportunity by Product (thousand units)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 109: Chart on France - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography (thousand units)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 ACG Inc.
              • Exhibit 120: ACG Inc. - Overview
              • Exhibit 121: ACG Inc. - Product / Service
              • Exhibit 122: ACG Inc. - Key offerings
            • 12.4 Automobiles Chatenet
              • Exhibit 123: Automobiles Chatenet - Overview
              • Exhibit 124: Automobiles Chatenet - Product / Service
              • Exhibit 125: Automobiles Chatenet - Key offerings
            • 12.5 Citytransformer Ltd.
              • Exhibit 126: Citytransformer Ltd. - Overview
              • Exhibit 127: Citytransformer Ltd. - Product / Service
              • Exhibit 128: Citytransformer Ltd. - Key offerings
            • 12.6 Hebei Yudea New Energy Technology Group Co. Ltd.
              • Exhibit 129: Hebei Yudea New Energy Technology Group Co. Ltd. - Overview
              • Exhibit 130: Hebei Yudea New Energy Technology Group Co. Ltd. - Product / Service
              • Exhibit 131: Hebei Yudea New Energy Technology Group Co. Ltd. - Key offerings
            • 12.7 Honda Motor Co. Ltd.
              • Exhibit 132: Honda Motor Co. Ltd. - Overview
              • Exhibit 133: Honda Motor Co. Ltd. - Business segments
              • Exhibit 134: Honda Motor Co. Ltd. - Key news
              • Exhibit 135: Honda Motor Co. Ltd. - Key offerings
              • Exhibit 136: Honda Motor Co. Ltd. - Segment focus
            • 12.8 ICON Electric Vehicles
              • Exhibit 137: ICON Electric Vehicles - Overview
              • Exhibit 138: ICON Electric Vehicles - Product / Service
              • Exhibit 139: ICON Electric Vehicles - Key offerings
            • 12.9 Jiangsu Jinpeng Group Co., Ltd.
              • Exhibit 140: Jiangsu Jinpeng Group Co., Ltd. - Overview
              • Exhibit 141: Jiangsu Jinpeng Group Co., Ltd. - Product / Service
              • Exhibit 142: Jiangsu Jinpeng Group Co., Ltd. - Key offerings
            • 12.10 Kandi Technologies Group Inc.
              • Exhibit 143: Kandi Technologies Group Inc. - Overview
              • Exhibit 144: Kandi Technologies Group Inc. - Product / Service
              • Exhibit 145: Kandi Technologies Group Inc. - Key offerings
            • 12.11 LIGIER GROUP
              • Exhibit 146: LIGIER GROUP - Overview
              • Exhibit 147: LIGIER GROUP - Product / Service
              • Exhibit 148: LIGIER GROUP - Key offerings
            • 12.12 Moto Electric Vehicles
              • Exhibit 149: Moto Electric Vehicles - Overview
              • Exhibit 150: Moto Electric Vehicles - Product / Service
              • Exhibit 151: Moto Electric Vehicles - Key offerings
            • 12.13 Polaris Inc.
              • Exhibit 152: Polaris Inc. - Overview
              • Exhibit 153: Polaris Inc. - Business segments
              • Exhibit 154: Polaris Inc. - Key offerings
              • Exhibit 155: Polaris Inc. - Segment focus
            • 12.14 Renault SAS
              • Exhibit 156: Renault SAS - Overview
              • Exhibit 157: Renault SAS - Product / Service
              • Exhibit 158: Renault SAS - Key news
              • Exhibit 159: Renault SAS - Key offerings
            • 12.15 Shandong Shifeng Group Co. Ltd.
              • Exhibit 160: Shandong Shifeng Group Co. Ltd. - Overview
              • Exhibit 161: Shandong Shifeng Group Co. Ltd. - Product / Service
              • Exhibit 162: Shandong Shifeng Group Co. Ltd. - Key offerings
            • 12.16 Tata Motors Ltd.
              • Exhibit 163: Tata Motors Ltd. - Overview
              • Exhibit 164: Tata Motors Ltd. - Business segments
              • Exhibit 165: Tata Motors Ltd. - Key news
              • Exhibit 166: Tata Motors Ltd. - Key offerings
              • Exhibit 167: Tata Motors Ltd. - Segment focus
            • 12.17 Toyota Motor Corp.
              • Exhibit 168: Toyota Motor Corp. - Overview
              • Exhibit 169: Toyota Motor Corp. - Business segments
              • Exhibit 170: Toyota Motor Corp. - Key news
              • Exhibit 171: Toyota Motor Corp. - Key offerings
              • Exhibit 172: Toyota Motor Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              low speed electric vehicle (lsev) market

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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