Global Light Electric Commercial Vehicles Supply, Demand and Key Producers, 2023-2029
The global Light Electric Commercial Vehicles market size is expected to reach $ 925.4 million by 2029, rising at a market growth of 27.1% CAGR during the forecast period (2023-2029).
Increase in demand for fuel-efficient, high-performance, & low-emission buses, government initiatives for promotion of e-mobility, and reduction in cost of electric vehicle batteries drive the growth of the global electric commercial vehicle market. However, high cost of investment & complication in operating advanced systems and lack of charging infrastructure restrict the market growth. Moreover, increasing demand for electric trucks from the logistics sector, technological advancements, and proactive government initiatives for adoption of e-buses create lucrative growth opportunities for the market.
This report studies the global Light Electric Commercial Vehicles production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Light Electric Commercial Vehicles, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Light Electric Commercial Vehicles that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Light Electric Commercial Vehicles total production and demand, 2018-2029, (K Units)
Global Light Electric Commercial Vehicles total production value, 2018-2029, (USD Million)
Global Light Electric Commercial Vehicles production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (K Units)
Global Light Electric Commercial Vehicles consumption by region & country, CAGR, 2018-2029 & (K Units)
U.S. VS China: Light Electric Commercial Vehicles domestic production, consumption, key domestic manufacturers and share
Global Light Electric Commercial Vehicles production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (K Units)
Global Light Electric Commercial Vehicles production by Battery Capacity, production, value, CAGR, 2018-2029, (USD Million) & (K Units)
Global Light Electric Commercial Vehicles production by Application production, value, CAGR, 2018-2029, (USD Million) & (K Units).
This reports profiles key players in the global Light Electric Commercial Vehicles market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dongfeng Automobile Co., Ltd., Yutong Bus CO.,LTD., Xiamen King Long Motor Group Co.,Ltd., BYD, Geely Automobile Holdings Limited, CRRC Electric VEHICLE Co., Ltd., Zhongtong Bus Holding Co.,Ltd., Chongqing Rui Chi and BAIC Foton Motor Co., Ltd., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Light Electric Commercial Vehicles market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K Units) and average price (US$/Unit) by manufacturer, by Battery Capacity, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.
Global Light Electric Commercial Vehicles Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Light Electric Commercial Vehicles Market, Segmentation by Battery Capacity
≤200kWh
>200kWh
Global Light Electric Commercial Vehicles Market, Segmentation by Application
Coach
Truck
Others
Companies Profiled:
Dongfeng Automobile Co., Ltd.
Yutong Bus CO.,LTD.
Xiamen King Long Motor Group Co.,Ltd.
BYD
Geely Automobile Holdings Limited
CRRC Electric VEHICLE Co., Ltd.
Zhongtong Bus Holding Co.,Ltd.
Chongqing Rui Chi
BAIC Foton Motor Co., Ltd.
Chery
Key Questions Answered
1. How big is the global Light Electric Commercial Vehicles market?
2. What is the demand of the global Light Electric Commercial Vehicles market?
3. What is the year over year growth of the global Light Electric Commercial Vehicles market?
4. What is the production and production value of the global Light Electric Commercial Vehicles market?
5. Who are the key producers in the global Light Electric Commercial Vehicles market?