Global Low Speed Electric Vehicle (LSEV) Market 2019-2023

Global Low Speed Electric Vehicle (LSEV) Market 2019-2023

About this market

Development of foldable LSEVs to drive growth in the market. Factors such as growing traffic congestion in major cities across the globe is inspiring various developments in automotive ecosystem. Technavio’s analysts have predicted that the low speed electric vehicle (LSEV) market will register a CAGR of almost 33% by 2023.

Market Overview

Adoption of 3D printing technology for vehicle customization and faster LSEV roll-out

The growing demand for low-cost modes of personal transportation is driving the sales of LSEVs across the world.

Growing availability of substitutes for LSEVs

The growing popularity of microcars, golf carts, and other traditional forms of personal transport poses a major challenge to the growth of the LSEV market.

For the detailed list of factors that will drive and challenge the growth of the low speed electric vehicle market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Byvin and Groupe Renault the competitive environment is quite intense. Factors such as the adoption of 3D printing technology for vehicle customization and faster LSEV roll-out and the development of foldable LSEVs, will provide considerable growth opportunities to low speed electric vehicle manufactures. Byvin, Groupe Renault, LIGIER GROUP, Polaris Industries, Shandong Shifeng (Group), and Yujie Group are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Low Speed Electric Vehicle (LSEV) Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the development of foldable LSEVs.”

According to the report, one of the major drivers for this market is the adoption of 3D printing technology for vehicle customization and faster LSEV roll-out.

Further, the report states that one of the major factors hindering the growth of this market is the growing availability of substitutes for LSEVs.

Companies Mentioned

Byvin
Groupe Renault
LIGIER GROUP
Polaris Industries
Shandong Shifeng (Group)
Yujie Group

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive market
      • Table Segments of global automotive market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand units)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Passenger vehicles - Market size and forecast 2018-2023
      • Table Passenger vehicles - Market size and forecast 2018-2023 (thousand units)
      • Table Passenger vehicles - Year-over-year growth 2019-2023 (%)
    • Utility vehicles - Market size and forecast 2018-2023
      • Table Utility vehicles - Market size and forecast 2018-2023 (thousand units)
      • Table Utility vehicles - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand units)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (thousand units)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (thousand units)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Development of foldable LSEVs
    • Growing demand for LSEVs in car-sharing
    • Advanced battery options for LSEVs
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Byvin
      • Table Byvin - Vendor overview
      • Table Byvin - Product segments
      • Table Byvin - Organizational developments
      • Table Byvin - Key offerings
    • Groupe Renault
      • Table Groupe Renault - Vendor overview
      • Table Groupe Renault - Business segments
      • Table Groupe Renault - Organizational developments
      • Table Groupe Renault - Geographic focus
      • Table Groupe Renault - Segment focus
      • Table Groupe Renault - Key offerings
    • LIGIER GROUP
      • Table LIGIER GROUP - Vendor overview
      • Table LIGIER GROUP - Product segments
      • Table LIGIER GROUP - Organizational developments
      • Table LIGIER GROUP - Key offerings
    • Polaris Industries
      • Table Polaris Industries - Vendor overview
      • Table Polaris Industries - Business segments
      • Table Polaris Industries - Organizational developments
      • Table Polaris Industries - Geographic focus
      • Table Polaris Industries - Segment focus
      • Table Polaris Industries - Key offerings
    • Shandong Shifeng (Group)
      • Table Shandong Shifeng (Group) - Vendor overview
      • Table Shandong Shifeng (Group) - Product segments
      • Table Shandong Shifeng (Group) - Key offerings
    • Yujie Group
      • Table Yujie Group - Vendor overview
      • Table Yujie Group - Organizational developments
      • Table Yujie Group - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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