Global Low Speed Electric Vehicle Market, 2017-2025 - Market is Projected to Reach $68 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The “Low Speed Electric Vehicle Market by Product, by Voltage, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2017 - 2025” report has been added to ResearchAndMarkets.com’s offering.
Global LSEV market is projected to reach $68 billion by 2025
The growth of the market is majorly driven by rising environmental awareness and increasing government support.
Insights into market segments
On the basis of voltage, the global LSEV market has been categorised into 24V, 36V, 48V, 60V, and 72V. Of these, 48V is the most preferred voltage category due to its preference in electric scooters as it provides an optimal power to price ratio. However, the fastest growth during the forecast period is expected from the 72V category, due to the rising demand for high-speed LSEVs which use this voltage level.
E-bikes is the largest product category in Europe
Europe is the second largest LSEV market in the world. E-bikes account for a majority of electric vehicles sold in the region. The e-bike market in Europe has seen a significant growth during the last few years; Germany, France, and Italy are the largest e-bike markets in the region.
Electric Motorcycles is expected to witness the fastest growth in North America
E-bikes account for the majority of electric vehicle sales in the North American LSEV market. The markets for kick scooters and mono wheels are at a nascent stage in the region. However, these categories are increasingly being seen as convenient modes of transportation for short trips. In 2018, Bird Rides Inc, a U.S. based start-up firm, raised $100 million funding for shared electric scooter services. The company plans to expand to 50 new cities in the U.S. by the end of 2018.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. OEM Analysis
Chapter 6. Global Market Size and Forecast
Chapter 7. APAC Market Size and Forecast
Chapter 8. Europe Market Size and Forecast
Chapter 9. North America Market Size and Forecast
Chapter 10. Competitive Landscape
Chapter 11. Company ProfilesTerra Motors Corporation Zero Motorcycles Inc. Changzhou Yufeng Vehicle Co. Ltd. Jiangsu Kingbon Vehicle Co. Ltd. Hero Electric Vehicles Pvt. Ltd. Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd. ZHIDOU Electric Vehicle Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/nl89zk/global_low_speed?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005633/en/
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Related Topics:Electric and Hybrid Vehicles
INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE
SOURCE: Research and Markets
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PUB: 08/08/2018 02:01 PM/DISC: 08/08/2018 02:01 PM