Global Low Speed Electric Vehicles Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Low Speed Electric Vehicles Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.

According to our (Global Info Research) latest study, the global Low Speed Electric Vehicles market size was valued at US$ 8220 million in 2023 and is forecast to a readjusted size of USD 16660 million by 2030 with a CAGR of 10.7% during review period.

In China, main manufacturers of low speed electric vehicles include Letin, Jinpeng and Honri, etc. The top three players hold a share nearly 55%. The largest China market is East China, holds a share about 55%, followed by Central China and North China, both holding a share about 13 percent.

This report is a detailed and comprehensive analysis for global Low Speed Electric Vehicles market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Body Length and by Speed. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Low Speed Electric Vehicles market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Low Speed Electric Vehicles market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Low Speed Electric Vehicles market size and forecasts, by Body Length and by Speed, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2019-2030

Global Low Speed Electric Vehicles market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Low Speed Electric Vehicles

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Low Speed Electric Vehicles market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Letin, Jinpeng, Honri, ECAR, Entu, GreenWheel, Hantour, Jiayuan, Lichi, Shifeng, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Low Speed Electric Vehicles market is split by Body Length and by Speed. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Body Length, and by Speed in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Body Length
2.8m and Below
Above 2.8m

Market segment by Speed
Below 50km/h
50-70km/h

Major players covered
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Low Speed Electric Vehicles product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Low Speed Electric Vehicles, with price, sales quantity, revenue, and global market share of Low Speed Electric Vehicles from 2019 to 2024.

Chapter 3, the Low Speed Electric Vehicles competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Low Speed Electric Vehicles breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Body Length and by Speed, with sales market share and growth rate by Body Length, by Speed, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Low Speed Electric Vehicles market forecast, by regions, by Body Length, and by Speed, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Low Speed Electric Vehicles.

Chapter 14 and 15, to describe Low Speed Electric Vehicles sales channel, distributors, customers, research findings and conclusion.