Global Small Electric Vehicle Market was valued at US$ 13.46 Bn 2022 and is expected to reach US$ 56.03 Bn by 2029, at a CAGR of 22.59% during a forecast period. Small electric vehicle uses one or more electric motors or traction motors for propulsion. An electric vehicle powered through a collector system by electricity from off-vehicle sources, or may be self-contained with a battery, solar panels or an electric generator to convert fuel to electricity.Small Electric Vehicle Market Snapshot
To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Major driving factors of the Small Electric Vehicle Market are generous subsidies and tight regulation continue to drive much of the growth. EVs are sophisticated and diversified, with many price and style options, but all with the reliability and power of traditional, gasoline-powered vehicles. A compact and quiet motor yields surprising acceleration: 100% torque at zero rpm, without the negative emissions associated with most small electric vehicle on the road. Higher EV sales, significant monetary and nonmonetary incentives, a greater variety of models, and the investment intensity of the charging Small Commercial Vehicle. Still, trends shift and seek out more information before diving in. With increasing innovation and environmental awareness, EVs have never been safer, sleeker, or more exciting to drive. Huge Investments in infrastructure and Lack of availability charging points in Light Commercial Vehicle will act as restraint to the market. Based on the Vehicle, 2 or 3 wheeler vehicle segment is expected to hold the largest share in the market during the forecast period. 2 or 3 wheeler EVs are becoming cheaper faster than ever before and a practical alternative to petrol-fired vehicles. The pivot towards EVs is expected to be sharper in the months and years ahead as prices of lithium-ion (Li-Ion) batteries plummet, while its efficiency and longevity increases. The small Electric vehicle is looking at best mobility solutions for the future and in accordance with this objective, it has started engaging with external players, including startups. 4, 50,000 electric two-wheelers were sold in India in the past eight years. In Trends – Battery Capacity Continues To Go Up The era of electric vehicles (EVs) is in sight, and batteries are poised to become a leading power source for mobility. To capture market share and economies of scale, battery cell producers are adding massive amounts of production capacity. But these efforts threaten to undermine the industry’s economics. Huge investment raising for research and development in improving operational performance is the most effective way for battery producers to become cost competitive in a market burdened by overcapacity. By transitioning to the factory of the future, producers can reduce total battery cell costs per kilowatt-hour (kWh) of capacity by up to 20%. In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period. Asia’s major small vehicle makers, Japan and South Korea, already sell significant volumes of hybrid vehicles – which run on gasoline and electricity – while fuel efficiency gains will continue to cut gasoline consumption for standard vehicles. Change is being prompted by policy moves in India and China, where governments are trying to rein in rampant pollution, cut oil imports, and compete for a slice of the fast-growing green car market. A handful of Asian companies dominate the EV battery manufacturing landscape globally. Panasonic, for example, enjoys a 40 percent share globally and is followed by China’s Contemporary Amperex Technology (23 percent) and LG Chem (18 percent). The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
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Global Small Electric Vehicle Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 13.46 Bn. Forecast Period 2023 to 2029 CAGR: 22.59% Market Size in 2029: US $ 56.03 Bn. Segments Covered: by Vehicle Type 2 or 3 Wheeler Passenger Cars Light Commercial Vehicle by Technology Hybrid Electric Vehicle Plug-In Hybrid Electric Vehicle Battery Electric Vehicle Global Small Electric Vehicle Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Small Electric Vehicle Market, Key Players are
1. Tesla, Inc. 2. Mercedes-Benz 3. Volkswagen 4. Renault S.A 5. General Motors 6. Fisker Automotive 7. Nissan Motors Company 8. Ford Motor Company 9. Toyota Motor Corporation 10. BYD Company 11. Smith Electric Vehicles 12. Mitsubishi iMiEV 13. Ingersoll Rand 14. Textron 15. Polaries Inc. 16. Renault 17. Lucid Motors 18. Xpeng Frequently Asked Questions: 1. Which region has the largest share in Global Small Electric Vehicle Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Small Electric Vehicle Market? Ans: The Global Small Electric Vehicle Market is growing at a CAGR of 22.59% during forecasting period 2023-2029. 3. What is scope of the Global Small Electric Vehicle Market report? Ans: Global Small Electric Vehicle Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Small Electric Vehicle Market? Ans: The important key players in the Global Small Electric Vehicle Market are – Tesla, Inc., Mercedes-Benz, Volkswagen, Renault S.A, General Motors, Fisker Automotive, Nissan Motors Company, Ford Motor Company, Toyota Motor Corporation, BYD Company, Smith Electric Vehicles, Mitsubishi iMiEV, Ingersoll Rand, Textron, Polaries Inc., Renault, Lucid Motors, Xpeng. 5. What is the study period of this Market? Ans: The Global Small Electric Vehicle Market is studied from 2022 to 2029.
Global Small Electric Vehicle Market
1. Preface 1.1. Research Objectives 1.2. Report Scope and Market Segment System 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations Used 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary 3.1. Global Small Electric Vehicle Size, by Value (US$) and Volume (Unit). 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Industry Trends 4.9. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Small Electric Vehicle Market Analysis and Forecast 6.1. Global Small Electric Vehicle Market Size& Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Small Electric Vehicle Market Analysis and Forecast, By Vehicle Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Small Electric Vehicle Market Value Share Analysis, By Vehicle Type 7.4. Global Small Electric Vehicle Market Size (US$ Bn) Forecast, By Vehicle Type 7.5. Global Small Electric Vehicle Market Analysis, By Vehicle Type 7.6. Global Small Electric Vehicle Market Attractiveness Analysis, By Vehicle Type 8. Global Small Electric Vehicle Market Analysis and Forecast, By Technology 8.1. Introduction and Definition 8.2. Global Small Electric Vehicle Market Value Share Analysis, By Technology 8.3. Global Small Electric Vehicle Market Size (US$ Bn) Forecast, By Technology 8.4. Global Small Electric Vehicle Market Analysis, By Technology 8.5. Global Small Electric Vehicle Market Attractiveness Analysis, By Technology 9. Global Small Electric Vehicle Market Analysis, by Region 9.1. Global Small Electric Vehicle Market Value Share Analysis, by Region 9.2. Global Small Electric Vehicle Market Size (US$ Bn) Forecast, by Region 9.3. Global Small Electric Vehicle Market Attractiveness Analysis, by Region 10. North America Small Electric Vehicle Market Analysis 10.1. Key Findings 10.2. North America Small Electric Vehicle Market Overview 10.3. North America Small Electric Vehicle Market Value Share Analysis, By Vehicle Type 10.4. North America Small Electric Vehicle Market Forecast, By Vehicle Type 10.4.1. 2 or 3 Wheeler 10.4.2. Passenger Cars 10.4.3. Light Commercial Vehicle 10.5. North America Small Electric Vehicle Market Value Share Analysis, By Technology 10.6. North America Small Electric Vehicle Market Forecast, By Technology 10.6.1. Hybrid Electric Vehicle 10.6.2. Plug-In Hybrid Electric Vehicle 10.6.3. Battery Electric Vehicle 10.7. North America Small Electric Vehicle Market Value Share Analysis, by Country 10.8. North America Small Electric Vehicle Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Small Electric Vehicle Market Analysis, by Country 10.10. U.S. Small Electric Vehicle Market Forecast, By Vehicle Type 10.10.1. 2 or 3 Wheeler 10.10.2. Passenger Cars 10.10.3. Light Commercial Vehicle 10.11. U.S. Small Electric Vehicle Market Forecast, By Technology 10.11.1. Hybrid Electric Vehicle 10.11.2. Plug-In Hybrid Electric Vehicle 10.11.3. Battery Electric Vehicle 10.12. Canada Small Electric Vehicle Market Forecast, By Vehicle Type 10.12.1. 2 or 3 Wheeler 10.12.2. Passenger Cars 10.12.3. Light Commercial Vehicle 10.13. Canada Small Electric Vehicle Market Forecast, By Technology 10.13.1. Hybrid Electric Vehicle 10.13.2. Plug-In Hybrid Electric Vehicle 10.13.3. Battery Electric Vehicle 10.14. North America Small Electric Vehicle Market Attractiveness Analysis 10.14.1. By Vehicle Type 10.14.2. By Technology 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Small Electric Vehicle Market Analysis 11.1. Key Findings 11.2. Europe Small Electric Vehicle Market Overview 11.3. Europe Small Electric Vehicle Market Value Share Analysis, By Vehicle Type 11.4. Europe Small Electric Vehicle Market Forecast, By Vehicle Type 11.4.1. 2 or 3 Wheeler 11.4.2. Passenger Cars 11.4.3. Light Commercial Vehicle 11.5. Europe Small Electric Vehicle Market Value Share Analysis, By Technology 11.6. Europe Small Electric Vehicle Market Forecast, By Technology 11.6.1. Hybrid Electric Vehicle 11.6.2. Plug-In Hybrid Electric Vehicle 11.6.3. Battery Electric Vehicle 11.7. Europe Small Electric Vehicle Market Value Share Analysis, by Country 11.8. Europe Small Electric Vehicle Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Small Electric Vehicle Market Analysis, by Country/ Sub-region 11.10. Germany Small Electric Vehicle Market Forecast, By Vehicle Type 11.10.1. 2 or 3 Wheeler 11.10.2. Passenger Cars 11.10.3. Light Commercial Vehicle 11.11. Germany Small Electric Vehicle Market Forecast, By Technology 11.11.1. Hybrid Electric Vehicle 11.11.2. Plug-In Hybrid Electric Vehicle 11.11.3. Battery Electric Vehicle 11.12. U.K. Small Electric Vehicle Market Forecast, By Vehicle Type 11.12.1. 2 or 3 Wheeler 11.12.2. Passenger Cars 11.12.3. Light Commercial Vehicle 11.13. U.K. Small Electric Vehicle Market Forecast, By Technology 11.13.1. Hybrid Electric Vehicle 11.13.2. Plug-In Hybrid Electric Vehicle 11.13.3. Battery Electric Vehicle 11.14. France Small Electric Vehicle Market Forecast, By Vehicle Type 11.14.1. 2 or 3 Wheeler 11.14.2. Passenger Cars 11.14.3. Light Commercial Vehicle 11.15. France Small Electric Vehicle Market Forecast, By Technology 11.15.1. Hybrid Electric Vehicle 11.15.2. Plug-In Hybrid Electric Vehicle 11.15.3. Battery Electric Vehicle 11.16. Italy Small Electric Vehicle Market Forecast, By Vehicle Type 11.16.1. 2 or 3 Wheeler 11.16.2. Passenger Cars 11.16.3. Light Commercial Vehicle 11.17. Italy Small Electric Vehicle Market Forecast, By Technology 11.17.1. Hybrid Electric Vehicle 11.17.2. Plug-In Hybrid Electric Vehicle 11.17.3. Battery Electric Vehicle 11.18. Spain Small Electric Vehicle Market Forecast, By Vehicle Type 11.18.1. 2 or 3 Wheeler 11.18.2. Passenger Cars 11.18.3. Light Commercial Vehicle 11.19. Spain Small Electric Vehicle Market Forecast, By Technology 11.19.1. Hybrid Electric Vehicle 11.19.2. Plug-In Hybrid Electric Vehicle 11.19.3. Battery Electric Vehicle 11.20. Rest of Europe Small Electric Vehicle Market Forecast, By Vehicle Type 11.20.1. 2 or 3 Wheeler 11.20.2. Passenger Cars 11.20.3. Light Commercial Vehicle 11.21. Rest of Europe Small Electric Vehicle Market Forecast, By Technology 11.21.1. Hybrid Electric Vehicle 11.21.2. Plug-In Hybrid Electric Vehicle 11.21.3. Battery Electric Vehicle 11.22. Europe Small Electric Vehicle Market Attractiveness Analysis 11.22.1. By Vehicle Type 11.22.2. By Technology 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Small Electric Vehicle Market Analysis 12.1. Key Findings 12.2. Asia Pacific Small Electric Vehicle Market Overview 12.3. Asia Pacific Small Electric Vehicle Market Value Share Analysis, By Vehicle Type 12.4. Asia Pacific Small Electric Vehicle Market Forecast, By Vehicle Type 12.4.1. 2 or 3 Wheeler 12.4.2. Passenger Cars 12.4.3. Light Commercial Vehicle 12.5. Asia Pacific Small Electric Vehicle Market Value Share Analysis, By Technology 12.6. Asia Pacific Small Electric Vehicle Market Forecast, By Technology 12.6.1. Hybrid Electric Vehicle 12.6.2. Plug-In Hybrid Electric Vehicle 12.6.3. Battery Electric Vehicle 12.7. Asia Pacific Small Electric Vehicle Market Value Share Analysis, by Country 12.8. Asia Pacific Small Electric Vehicle Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Small Electric Vehicle Market Analysis, by Country/ Sub-region 12.10. China Small Electric Vehicle Market Forecast, By Vehicle Type 12.10.1. 2 or 3 Wheeler 12.10.2. Passenger Cars 12.10.3. Light Commercial Vehicle 12.11. China Small Electric Vehicle Market Forecast, By Technology 12.11.1. Hybrid Electric Vehicle 12.11.2. Plug-In Hybrid Electric Vehicle 12.11.3. Battery Electric Vehicle 12.12. India Small Electric Vehicle Market Forecast, By Vehicle Type 12.12.1. 2 or 3 Wheeler 12.12.2. Passenger Cars 12.12.3. Light Commercial Vehicle 12.13. India Small Electric Vehicle Market Forecast, By Technology 12.13.1. Hybrid Electric Vehicle 12.13.2. Plug-In Hybrid Electric Vehicle 12.13.3. Battery Electric Vehicle 12.14. Japan Small Electric Vehicle Market Forecast, By Vehicle Type 12.14.1. 2 or 3 Wheeler 12.14.2. Passenger Cars 12.14.3. Light Commercial Vehicle 12.15. Japan Small Electric Vehicle Market Forecast, By Technology 12.15.1. Hybrid Electric Vehicle 12.15.2. Plug-In Hybrid Electric Vehicle 12.15.3. Battery Electric Vehicle 12.16. ASEAN Small Electric Vehicle Market Forecast, By Vehicle Type 12.16.1. 2 or 3 Wheeler 12.16.2. Passenger Cars 12.16.3. Light Commercial Vehicle 12.17. ASEAN Small Electric Vehicle Market Forecast, By Technology 12.17.1. Hybrid Electric Vehicle 12.17.2. Plug-In Hybrid Electric Vehicle 12.17.3. Battery Electric Vehicle 12.18. Rest of Asia Pacific Small Electric Vehicle Market Forecast, By Vehicle Type 12.18.1. 2 or 3 Wheeler 12.18.2. Passenger Cars 12.18.3. Light Commercial Vehicle 12.19. Rest of Asia Pacific Small Electric Vehicle Market Forecast, By Technology 12.19.1. Hybrid Electric Vehicle 12.19.2. Plug-In Hybrid Electric Vehicle 12.19.3. Battery Electric Vehicle 12.20. Asia Pacific Small Electric Vehicle Market Attractiveness Analysis 12.20.1. By Vehicle Type 12.20.2. By Technology 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Small Electric Vehicle Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Small Electric Vehicle Market Overview 13.3. Middle East & Africa Small Electric Vehicle Market Value Share Analysis, By Vehicle Type 13.4. Middle East & Africa Small Electric Vehicle Market Forecast, By Vehicle Type 13.4.1. 2 or 3 Wheeler 13.4.2. Passenger Cars 13.4.3. Light Commercial Vehicle 13.5. Middle East & Africa Small Electric Vehicle Market Value Share Analysis, By Technology 13.6. Middle East & Africa Small Electric Vehicle Market Forecast, By Technology 13.6.1. Hybrid Electric Vehicle 13.6.2. Plug-In Hybrid Electric Vehicle 13.6.3. Battery Electric Vehicle 13.7. Middle East & Africa Small Electric Vehicle Market Value Share Analysis, by Country 13.8. Middle East & Africa Small Electric Vehicle Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Small Electric Vehicle Market Analysis, by Country/ Sub-region 13.10. GCC Small Electric Vehicle Market Forecast, By Vehicle Type 13.10.1. 2 or 3 Wheeler 13.10.2. Passenger Cars 13.10.3. Light Commercial Vehicle 13.11. GCC Small Electric Vehicle Market Forecast, By Technology 13.11.1. Hybrid Electric Vehicle 13.11.2. Plug-In Hybrid Electric Vehicle 13.11.3. Battery Electric Vehicle 13.12. South Africa Small Electric Vehicle Market Forecast, By Vehicle Type 13.12.1. 2 or 3 Wheeler 13.12.2. Passenger Cars 13.12.3. Light Commercial Vehicle 13.13. South Africa Small Electric Vehicle Market Forecast, By Technology 13.13.1. Hybrid Electric Vehicle 13.13.2. Plug-In Hybrid Electric Vehicle 13.13.3. Battery Electric Vehicle 13.14. Rest of Middle East & Africa Small Electric Vehicle Market Forecast, By Vehicle Type 13.14.1. 2 or 3 Wheeler 13.14.2. Passenger Cars 13.14.3. Light Commercial Vehicle 13.15. Rest of Middle East & Africa Small Electric Vehicle Market Forecast, By Technology 13.15.1. Hybrid Electric Vehicle 13.15.2. Plug-In Hybrid Electric Vehicle 13.15.3. Battery Electric Vehicle 13.16. Middle East & Africa Small Electric Vehicle Market Attractiveness Analysis 13.16.1. By Vehicle Type 13.16.2. By Technology 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Small Electric Vehicle Market Analysis 14.1. Key Findings 14.2. South America Small Electric Vehicle Market Overview 14.3. South America Small Electric Vehicle Market Value Share Analysis, By Vehicle Type 14.4. South America Small Electric Vehicle Market Forecast, By Vehicle Type 14.4.1. 2 or 3 Wheeler 14.4.2. Passenger Cars 14.4.3. Light Commercial Vehicle 14.5. South America Small Electric Vehicle Market Value Share Analysis, By Technology 14.6. South America Small Electric Vehicle Market Forecast, By Technology 14.6.1. Hybrid Electric Vehicle 14.6.2. Plug-In Hybrid Electric Vehicle 14.6.3. Battery Electric Vehicle 14.7. South America Small Electric Vehicle Market Value Share Analysis, by Country 14.8. South America Small Electric Vehicle Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Small Electric Vehicle Market Analysis, by Country/ Sub-region 14.10. Brazil Small Electric Vehicle Market Forecast, By Vehicle Type 14.10.1. 2 or 3 Wheeler 14.10.2. Passenger Cars 14.10.3. Light Commercial Vehicle 14.11. Brazil Small Electric Vehicle Market Forecast, By Technology 14.11.1. Hybrid Electric Vehicle 14.11.2. Plug-In Hybrid Electric Vehicle 14.11.3. Battery Electric Vehicle 14.12. Mexico Small Electric Vehicle Market Forecast, By Vehicle Type 14.12.1. 2 or 3 Wheeler 14.12.2. Passenger Cars 14.12.3. Light Commercial Vehicle 14.13. Mexico Small Electric Vehicle Market Forecast, By Technology 14.13.1. Hybrid Electric Vehicle 14.13.2. Plug-In Hybrid Electric Vehicle 14.13.3. Battery Electric Vehicle 14.14. Rest of South America Small Electric Vehicle Market Forecast, By Vehicle Type 14.14.1. 2 or 3 Wheeler 14.14.2. Passenger Cars 14.14.3. Light Commercial Vehicle 14.15. Rest of South America Small Electric Vehicle Market Forecast, By Technology 14.15.1. Hybrid Electric Vehicle 14.15.2. Plug-In Hybrid Electric Vehicle 14.15.3. Battery Electric Vehicle 14.16. South America Small Electric Vehicle Market Attractiveness Analysis 14.16.1. By Vehicle Type 14.16.2. By Technology 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Competitive Landscape 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. Market Consolidation 15.2.2.1. M&A By Regions, Investment, Applications 15.2.2.2. M&A Key Players, Forward Integration, Backward Integration 15.3. Company Profiles: Key Players 15.3.1. Tesla, Inc. 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprint 15.3.2. Mercedes-Benz 15.3.3. Volkswagen 15.3.4. Renault S.A 15.3.5. General Motors 15.3.6. Fisker Automotive 15.3.7. Nissan Motors Company 15.3.8. Ford Motor Company 15.3.9. Toyota Motor Corporation 15.3.10. BYD Company 15.3.11. Smith Electric Vehicles 15.3.12. Mitsubishi iMiEV 15.3.13. Ingersoll Rand 15.3.14. Textron 15.3.15. Polaries Inc. 15.3.16. Renault 15.3.17. Lucid Motors 15.3.18. Xpeng 16. Primary Key Insights.