DUBLIN, Jan 16, 2019 /PRNewswire/ --
The "Asia-Pacific (APAC) Low-Speed Electric Vehicle (LSEV) Market by Product, By Voltage (24 V, 36 V, 48 V, 60 V, 72 V), By Country - 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.
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.
Based on product, the LSEV market is categorized into two-wheelers, three-wheelers, and four-wheelers. Two-wheeler is the most preferred category due to the popularity of electric bicycles and electric scooters, and their comparatively high use in personal transport than other electric vehicles. In addition, the fastest growth during the forecast period is expected from the two-wheeler category.
By type of two-wheeler, the LSEV market is categorised into electric scooter, motorcycle, bikes, kick scooter, and mono wheel. Among these, electric bikes held the highest revenue share in the market, valuing over 50% in 2017. Electric scooters can reach top-speeds of 25-50km/hr, and are comfortable for long distance commuting. These characteristics of electric scooters, coupled with their lower price when compared to electric motorcycles, would continue to drive their market growth during the forecast period.
Globally, Asia-Pacific is the largest market for low speed electric vehicles, followed by North America and Europe. The Asia-Pacific market is led by China, which accounted for the largest share in terms of revenue in 2017, valued at more than 90%. The size of the country, population, technological advancements, and government support in the form of subsidies and regulations have made the country a big LSEV market in the region. China is also the largest exporter of these electric vehicles in the world. However, the fastest growth during the forecast period is expected from India, due to low penetration of LSEVs in the country.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
220.127.116.11.4 Kick Scooter
18.104.22.168.5 Mono Wheel
4.1.2 By Voltage
4.2 Value Chain Analysis
4.3 Market Dynamics
22.214.171.124.1 Shift from sealed lead acid (SLA) batteries to lithium ion (Li-ion) batteries
126.96.36.199.1 Increasing Urbanization
188.8.131.52.2 Affordability of the electric two-wheelers
184.108.40.206.3 Impact analysis of drivers on market forecast
220.127.116.11.1 Lack of proper charging infrastructure
18.104.22.168.2 Inadequate government support
22.214.171.124.3 Impact analysis of restraints on market forecast
126.96.36.199.1 Battery improvement
188.8.131.52.1 Increasing penetration of electric three-wheelers in APAC
184.108.40.206.1 Government incentives and environmental concerns
220.127.116.11.2 Investment toward development and expansion
18.104.22.168.3 Impact analysis of drivers on market forecast
22.214.171.124.1 Long charging time
126.96.36.199.2 Impact analysis of restraints on market forecast
188.8.131.52.1 Improved range and charging time
4.3.3 Four-Wheelers (Micro-Electric Cars)
184.108.40.206.1 Advancements in battery technology
220.127.116.11.2 Use as a delivery vehicle
18.104.22.168.1 Urbanization and need for micro mobility
22.214.171.124.2 Support by the government and local authorities
126.96.36.199.3 Impact analysis of drivers on market forecast
188.8.131.52.1 Lack of infrastructure
184.108.40.206.2 High cost
220.127.116.11.3 Impact analysis of restraints on market forecast
18.104.22.168.1 High demand from emerging economies
Chapter 5. OEM Analysis
5.1 Asia-Pacific Market
22.214.171.124 Electric two-wheeler
126.96.36.199.1 Yadea Technology Group
188.8.131.52.2 AIMA Technology Group Co. Ltd.
184.108.40.206.3 JIANGSU XINRI E-VEHICLE CO. LTD.
220.127.116.11.4 Zhejiang Luyuan Electric Vehicle Co. Ltd.
18.104.22.168.5 Shenzhen Xiaobaima Energy Tech Co. Ltd.
22.214.171.124 Electric three-wheeler
126.96.36.199.1 Jiangsu East Vehicle Manufacturing Co. Ltd
188.8.131.52.2 Jiangsu Kingbon Vehicle Co. Ltd
184.108.40.206.3 Changzhou Yufeng Vehicle Co. Ltd.
220.127.116.11 Electric four-wheeler
18.104.22.168.1 ZHIDOU Electric Vehicle Co. Ltd.
22.214.171.124.2 Byvin Corporation
126.96.36.199.3 Hebei Yujie Industry Co. Ltd (YOGOMO)
188.8.131.52.4 JIANGSU KINGBON VEHICLE CO. LTD
184.108.40.206.5 Shandong Shifeng (Group) Co. Ltd.
220.127.116.11.6 Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd
18.104.22.168.7 Guangdong Marshell Electric Vehicle Co. Ltd.
22.214.171.124.8 Nanjing Jiayuan Special Electric Vehicles Manufacture Co. Ltd
126.96.36.199 Electric two-wheeler
188.8.131.52.1 Hero Electric Vehicles Pvt. Ltd.
184.108.40.206.2 Electrotherm India Ltd.
220.127.116.11.3 Lohia Auto Industries
18.104.22.168.4 Spero Electric
22.214.171.124.5 Okinawa Autotech Pvt. Ltd.
126.96.36.199 Electric three-wheeler
188.8.131.52.1 Hero Electric Vehicles Private Ltd.
184.108.40.206.2 Terra Motors Corporation
220.127.116.11 Electric four-wheeler
18.104.22.168.1 Speedways Electric
22.214.171.124 Electric two-Wheeler
126.96.36.199.1 Terra Motors Corporation
188.8.131.52.2 Honda Motor Co. Ltd.
184.108.40.206.3 Yamaha Motor Co. Ltd.
5.1.4 South Korea
220.127.116.11 Electric two-wheeler
18.104.22.168.1 Unistar Co. Ltd.
22.214.171.124.2 Razor USA LLC
126.96.36.199.3 Samuchly Bicycle
188.8.131.52.4 Kia Motors Corporation
184.108.40.206.5 Airwheel Holding Limited
220.127.116.11.6 Segway Inc.
18.104.22.168 Electric three-wheeler
22.214.171.124.1 SAEAN Inc.
126.96.36.199 Electric four-wheeler
188.8.131.52.1 Renault Samsung Motors
184.108.40.206.2 Daechang Motors Co. Ltd.
220.127.116.11.3 CT&T United Inc.
18.104.22.168 Electric two-Wheeler
22.214.171.124.1 Honda Motor Company, Ltd.
126.96.36.199.2 UDA Motor Co. Ltd
188.8.131.52.3 STAR 8 (THAILAND) Co. Ltd.
184.108.40.206.4 E-Revolution Co Ltd
220.127.116.11.5 Ningbo MYWAY Intelligent Technology Co. Ltd
18.104.22.168 Electric three-wheeler
22.214.171.124.1 Tuk Factory
126.96.36.199.2 UDA Motor Co. Ltd
188.8.131.52 Electric four-wheeler
184.108.40.206.1 FOMM (ASIA) CO., LTD.
220.127.116.11.2 Electric Vehicles (Thailand) Co. Ltd
18.104.22.168 Electric two-wheeler
22.214.171.124.1 Viar Motor Indonesia
126.96.36.199.2 Xiaomi Inc.
188.8.131.52.3 Skutis Corporation pte ltd
184.108.40.206.4 Segway Inc.
220.127.116.11.5 Zero Motorcycles Inc.
18.104.22.168 Electric three-wheeler
22.214.171.124.1 Clean Motion
126.96.36.199 Electric four-wheeler
188.8.131.52.1 Agricultural Tractors Spares Pte Ltd.
184.108.40.206 Electric two-wheeler
220.127.116.11.1 Terra Motors Corporation
18.104.22.168.2 Gxsun corp.
22.214.171.124.3 Xiaomi Inc.
126.96.36.199.4 Tinker Motors Inc.
188.8.131.52.5 California EcoBike
184.108.40.206.6 Dongguan Tailing Electric Vehicle Co. Ltd.
220.127.116.11 Electric three-wheeler
18.104.22.168.1 Terra Motors Corporation
22.214.171.124.2 BEMAC Electric Transportation Philippines Inc.
126.96.36.199 Electric two-wheeler
188.8.131.52.2 Ningbo MYWAY Intelligent Technology Co. Ltd
184.108.40.206.3 Airwheel Holding Limited
220.127.116.11.4 Segway Inc.
18.104.22.168.5 Beijing Tsinova Technology Co. Ltd.
22.214.171.124 Electric four-wheeler
126.96.36.199.1 Agricultural Tractors Spares Pte Ltd.
188.8.131.52 Electric two-wheeler
184.108.40.206.1 Eclimo Sdn. Bhd.
220.127.116.11.2 Ningbo MYWAY Intelligent Technology Co. Ltd
18.104.22.168.3 Airwheel Holding Limited
22.214.171.124 Electric four-wheeler
126.96.36.199.1 Renault Samsung Motors
188.8.131.52.2 Agricultural Tractors Spares Pte Ltd.
Chapter 6. APAC Market Size and Forecast
Chapter 7. Competitive Landscape
7.1 Strategic Developments of Key Players
7.1.1 Product Launches
7.1.2 Geographic Expansions
7.1.3 Other Developments
Chapter 8. Company Profiles
- Terra Motors Corporation
- 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/8sls9g/asiapacific?w=5
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