The Latin America, Middle East and Africa Light Electric Vehicles Market would witness market growth of 12.4% CAGR during the forecast period (2022-2028).
In the preliminary design phase, two primary factors influence the weight estimation. The first section is the design objective. This vehicle design is intended for drivers indulging in leisure activities, therefore performance will be more vital, but safety will also be important; any design element that touches the target must be compromised, including weight. One of the design objectives is to eliminate some mass to improve the acceleration performance of the motor.
Priority number two is the system design objective. In the process of creating the final product, we cannot guarantee that each component can be independently manufactured. To establish a balance between production cost and time, the control of the maximum weight of the production parts is the autonomy of the fulfillable goal, and dependable suppliers will deliver components that compromise production cost and time.
The Dubai Electricity and Water Authority (DEWA) has created a website called the Dubai EV Community Hub to encourage the usage of electric cars (EVs) in Dubai. This is a component of DEWA's activities to promote environmentally friendly transportation and boost Dubai's position as a global center for sustainable development. The EV Community Hub website provides details on the most recent government programs, goals, incentives, and legislation about electric vehicles.
The Brazil market dominated the LAMEA Light Electric Vehicles Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,419.7 million by 2028. The Argentina market is experiencing a CAGR of 13% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.1% during (2022 - 2028).
Based on Vehicle Category, the market is segmented into 2-wheelers, 3-wheelers, and 4-wheelers. Based on Vehicle Type, the market is segmented into e-scooter, e-ATV/UTV, Neighborhood Electric Vehicle, e-bike & Motorcycle, e-lawn Mower, Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle, and Others. Based on Component Type, the market is segmented into Battery Pack, Electric Motor, Motor Controller & Power Controller, Inverters, and e-brake Booster & Power Electronics. Based on Application, the market is segmented into Personal Mobility, Shared Mobility, Recreation & Sports, and Commercial. Based on Power Output, the market is segmented into Less than 6 kW, 6-9 kW, and 9-15 kW. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Light Electric Vehicles Market is Predict to reach $130.4 Billion by 2028, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tesla, Inc., BMW Group, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Godrej Group (Godrej Material Handling), Kion Group, Yamaha Motor Co., Ltd., Textron, Inc., Polaris, Inc., BYD Company Ltd., and Toyota Industries Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Vehicle Category
- 2-wheelers
- 3-wheelers
- 4-wheelers
By Vehicle Type
- e-scooter
- e-ATV/UTV
- Neighborhood Electric Vehicle
- e-bike & Motorcycle
- e-lawn Mower
- Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle
- Others
By Component Type
- Battery Pack
- Electric Motor
- Motor Controller & Power Controller
- Inverters
- e-brake Booster & Power Electronics
By Application
- Personal Mobility
- Shared Mobility
- Recreation & Sports
- Commercial
By Power Output
- Less than 6 kW
- 6-9 kW
- 9-15 kW
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Tesla, Inc.
- BMW Group
- Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
- Godrej Group (Godrej Material Handling)
- Kion Group
- Yamaha Motor Co., Ltd.
- Textron, Inc.
- Polaris, Inc.
- BYD Company Ltd.
- Toyota Industries Corporation
TABLE 1 LAMEA Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Light Electric Vehicles Market
TABLE 4 Product Launches And Product Expansions– Light Electric Vehicles Market
TABLE 5 LAMEA Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 6 LAMEA Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 7 LAMEA 2-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA 2-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA 3-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA 3-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA 4-wheelers Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA 4-wheelers Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 14 LAMEA Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 15 LAMEA e-scooter Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA e-scooter Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA e-ATV/UTV Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA e-ATV/UTV Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Neighborhood Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Neighborhood Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA e-bike & Motorcycle Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA e-bike & Motorcycle Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA e-lawn Mower Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA e-lawn Mower Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Autonomous Forklifts, Delivery Robots & Electric Industrial Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 30 LAMEA Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 31 LAMEA Battery Pack Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Battery Pack Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Electric Motor Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Electric Motor Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Motor Controller & Power Controller Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Motor Controller & Power Controller Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Inverters Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Inverters Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA e-brake Booster & Power Electronics Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA e-brake Booster & Power Electronics Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 42 LAMEA Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 43 LAMEA Personal Mobility Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Personal Mobility Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Shared Mobility Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Shared Mobility Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Recreation & Sports Market by Country, 2018 - 2021, USD Million
TABLE 48 LAMEA Recreation & Sports Market by Country, 2022 - 2028, USD Million
TABLE 49 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 51 LAMEA Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 52 LAMEA Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 53 LAMEA Less than 6 kW Market by Country, 2018 - 2021, USD Million
TABLE 54 LAMEA Less than 6 kW Market by Country, 2022 - 2028, USD Million
TABLE 55 LAMEA 6-9 kW Market by Country, 2018 - 2021, USD Million
TABLE 56 LAMEA 6-9 kW Market by Country, 2022 - 2028, USD Million
TABLE 57 LAMEA 9-15 kW Market by Country, 2018 - 2021, USD Million
TABLE 58 LAMEA 9-15 kW Market by Country, 2022 - 2028, USD Million
TABLE 59 LAMEA Light Electric Vehicles Market by Country, 2018 - 2021, USD Million
TABLE 60 LAMEA Light Electric Vehicles Market by Country, 2022 - 2028, USD Million
TABLE 61 Brazil Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 62 Brazil Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 63 Brazil Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 64 Brazil Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 65 Brazil Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 Brazil Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 Brazil Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 68 Brazil Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 69 Brazil Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 70 Brazil Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 71 Brazil Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 72 Brazil Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 73 Argentina Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 74 Argentina Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 75 Argentina Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 76 Argentina Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 77 Argentina Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 78 Argentina Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 79 Argentina Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 80 Argentina Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 81 Argentina Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 82 Argentina Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 83 Argentina Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 84 Argentina Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 85 UAE Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 86 UAE Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 87 UAE Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 88 UAE Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 89 UAE Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 90 UAE Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 91 UAE Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 92 UAE Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 93 UAE Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 94 UAE Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 95 UAE Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 96 UAE Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 97 Saudi Arabia Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 98 Saudi Arabia Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 99 Saudi Arabia Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 100 Saudi Arabia Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 101 Saudi Arabia Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 102 Saudi Arabia Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 103 Saudi Arabia Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 104 Saudi Arabia Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 105 Saudi Arabia Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 106 Saudi Arabia Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 107 Saudi Arabia Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 108 Saudi Arabia Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 109 South Africa Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 110 South Africa Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 111 South Africa Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 112 South Africa Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 113 South Africa Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 114 South Africa Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 115 South Africa Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 116 South Africa Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 117 South Africa Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 118 South Africa Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 119 South Africa Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 120 South Africa Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 121 Nigeria Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 122 Nigeria Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 123 Nigeria Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 124 Nigeria Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 125 Nigeria Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 126 Nigeria Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 127 Nigeria Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 128 Nigeria Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 129 Nigeria Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 130 Nigeria Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 131 Nigeria Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 132 Nigeria Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 133 Rest of LAMEA Light Electric Vehicles Market, 2018 - 2021, USD Million
TABLE 134 Rest of LAMEA Light Electric Vehicles Market, 2022 - 2028, USD Million
TABLE 135 Rest of LAMEA Light Electric Vehicles Market by Vehicle Category, 2018 - 2021, USD Million
TABLE 136 Rest of LAMEA Light Electric Vehicles Market by Vehicle Category, 2022 - 2028, USD Million
TABLE 137 Rest of LAMEA Light Electric Vehicles Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 138 Rest of LAMEA Light Electric Vehicles Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 139 Rest of LAMEA Light Electric Vehicles Market by Component Type, 2018 - 2021, USD Million
TABLE 140 Rest of LAMEA Light Electric Vehicles Market by Component Type, 2022 - 2028, USD Million
TABLE 141 Rest of LAMEA Light Electric Vehicles Market by Application, 2018 - 2021, USD Million
TABLE 142 Rest of LAMEA Light Electric Vehicles Market by Application, 2022 - 2028, USD Million
TABLE 143 Rest of LAMEA Light Electric Vehicles Market by Power Output, 2018 - 2021, USD Million
TABLE 144 Rest of LAMEA Light Electric Vehicles Market by Power Output, 2022 - 2028, USD Million
TABLE 145 key Information – Tesla, Inc.
TABLE 146 key information – BMW Group
TABLE 147 Key Information – Columbia Vehicle Group Inc.
TABLE 148 Key Information – Godrej Group
TABLE 149 Key Information – Kion Group
TABLE 150 Key Information – Yamaha Motor Co., Ltd.
TABLE 151 Key information – Textron, Inc.
TABLE 152 Key information – Polaris, Inc.
TABLE 153 key Information – BYD Company Ltd.
TABLE 154 Key Information – Toyota Industries Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Sep – 2022, Aug) Leading Players
FIG 5 SWOT ANALYSIS: TESLA, INC.
FIG 6 Recent strategies and developments: BMW Group
FIG 7 SWOT ANALYSIS: BMW GROUP
FIG 8 Recent strategies and developments: Yamaha Motor Co., Ltd.
FIG 9 Recent strategies and developments: Polaris, Inc.
FIG 10 Recent strategies and developments: BYD Company Ltd.
FIG 11 Recent strategies and developments: Toyota Industries Corporation