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Small Electric Vehicle Market - Global Industry Analysis

Small Electric Vehicle Market by Vehicle Type (2 or 3 Wheeler, Passenger Cars, and Light Commercial Vehicle), by Technology (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Battery Electric Vehicle), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Published Date: 23-Aug-2018 Category: Automotive Report Format : PDF Pages: 152 Report Code: ZMR-3293 Status : Published

Global small electric vehicle market expected to reach around USD 28.60 billion by 2024, growing at a CAGR of approximately 22.02% for the forecast period from 2018 to 2024. Electric vehicles are different from fossil fuel-powered vehicles. An electric vehicle is a substitute for conventional internal combustion engines.

Description

The report analyzes and forecasts the small electric vehicle market on a global and regional level. The study offers historical data for the past three years along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for the small electric vehicle market along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the small electric vehicle on a global level.

The report gives a transparent view of the small electric vehicle market. We have included a detailed competitive scenario and portfolio of prominent vendor’s operative in the small electric vehicle market. To understand the competitive landscape of the small electric vehicle market, an analysis of Porter’s Five Forces model for the market has also been included. The report offers market attractiveness analysis, wherein vehicle type, technology type, and regional segments are benchmarked based on their general attractiveness, market size, and growth rate.

Global Small Electric Vehicle Market

The study provides a crucial view of small electric vehicle market by segmenting the market based on vehicle type, technology type, and regional segments. All the vehicle type, technology type, and regional segments of small electric vehicle market have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The vehicle type segment of small electric vehicle market includes 2 or 3 wheelers, passenger vehicles, and small commercial vehicles. Further on the basis of a technology type segment of the small electric vehicle market is segmented into the hybrid electric vehicle, plug-in hybrid electric vehicle, and battery electric vehicle. The market is analyzed based on five regions namely North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some of the key players in this industry 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, and Mitsubishi iMiEV among others.

The report segments the small electric vehicle market as follows:

Global Small Electric Vehicle Market: Vehicle Type Segment Analysis

  • 2 or 3 Wheeler
  • Passenger Cars
  • Light Commercial Vehicle

Global Small Electric Vehicle Market: Technology Type Segment Analysis

  • Hybrid Electric Vehicle 
  • Plug-In Hybrid Electric Vehicle 
  • Battery Electric Vehicle

Global Small Electric Vehicle Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Small Electric Vehicle Market, 2017 - 2024 (USD Billion)
    • 2.2. Global Small Electric Vehicle Market: Snapshot
  •  
  • Chapter 3. Small Electric Vehicle - Market Dynamics
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
      • 3.2.1. Technology providers
      • 3.2.2. EV Charging Adapter manufacturer
      • 3.2.3. End users
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. Rise in the price of crude oil
      • 3.4.2. Government participation for growth of the market
    • 3.5. Market Restraints
      • 3.5.1. High manufacturing cost
      • 3.5.2. Service availability
    • 3.6. Opportunities
      • 3.6.1. Improvement in technology and new innovation increases growth of the market.
    • 3.7. Innovation and Sustainability
    • 3.8. Regulatory landscape
      • 3.8.1. The U.S.
      • 3.8.2. Europe
      • 3.8.3. China
    • 3.9. Porter's Five Forces Analysis
      • 3.9.1. Bargaining power of suppliers
      • 3.9.2. Bargaining power of buyers
      • 3.9.3. Threat from new entrants
      • 3.9.4. Threat from new substitutes
      • 3.9.5. Degree of competition
    • 3.10. PESTLE Analysis
    • 3.11. Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis, by Vehicle Type Segment
      • 3.11.2. Market Attractiveness Analysis, by Technology Type Segment
      • 3.11.3. Market Attractiveness analysis, by Regional Segment
  •  
  • Chapter 4. Global Small Electric Vehicle Market - Competitive Landscape
    • 4.1. Company Market Share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Mergers & Acquisitions
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Global Small Electric Vehicle Market -Vehicle Type Segment Analysis
    • 5.1. Global Small Electric Vehicle Market: Vehicle Type Overview
      • 5.1.1. Global Small Electric Vehicle Market Revenue share, by Vehicle Type, 2017 and 2024
    • 5.2. 2 or 3 Wheeler
      • 5.2.1. Global Small Electric Vehicle Market by 2 or 3 Wheeler, 2015 - 2024 (USD Billion)
    • 5.3. Passenger vehicles
      • 5.3.1. Global Small Electric Vehicle Market by Passenger vehicles , 2015 - 2024 (USD Billion)
    • 5.4. Light Commercial Vehicles
      • 5.4.1. Global Small Electric Vehicle Market by Light Commercial Vehicles, 2015 - 2024 (USD Billion)
    • 5.5. Others
      • 5.5.1. Global Small Electric Vehicle Market by Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Small Electric Vehicle Market - Technology Type Segment Analysis
    • 6.1. Global Small Electric Vehicle Market: Technology Type Overview
      • 6.1.1. Global Small Electric Vehicle Market Revenue Share, by Technology Type, 2017 and 2024
    • 6.2. Hybrid Electric Vehicle
      • 6.2.1. Global Small Electric Vehicle Market by Hybrid Electric Vehicle, 2015 - 2024 (USD Billion)
    • 6.3. Plug-In Hybrid Electric Vehicle
      • 6.3.1. Global Small Electric Vehicle Market by Plug-In Hybrid Electric Vehicle, 2015 - 2024 (USD Billion)
    • 6.4. Battery Electric Vehicle
      • 6.4.1. Global Small Electric Vehicle Market by Battery Electric Vehicle, 2015 - 2024 (USD Billion)
    • 6.5. Others
      • 6.5.1. Global Small Electric Vehicle Market by Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Small Electric Vehicle Market - Regional Segment Analysis
    • 7.1. Global Small Electric Vehicle Market: Regional Overview
      • 7.1.1. Global Small Electric Vehicle Market Revenue Share, by Region, 2017 and 2024
    • 7.2. North America
      • 7.2.1. North America Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
      • 7.2.2. North America Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.2.3.2. U.S. Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
    • 7.3. Europe
      • 7.3.1. Europe Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
      • 7.3.2. Europe Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.3.3. UK
        • 7.3.3.1. UK Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.3.3.2. UK Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.3.4. Germany
        • 7.3.4.1. Germany Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.3.4.2. Germany Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.3.5. France
        • 7.3.5.1. France Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.3.5.2. France Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
      • 7.4.2. Asia Pacific Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.4.3. China
        • 7.4.3.1. China Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.4.3.2. China Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.4.4. Japan
        • 7.4.4.1. Japan Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.4.4.2. Japan Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
      • 7.4.5. India
        • 7.4.5.1. India Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.4.5.2. India Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
    • 7.5. Latin America
      • 7.5.1. Latin America Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
      • 7.5.2. Latin America Small Electric Vehicle Market Revenue, by Technology type, 2015 - 2024 (USD Billion)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
        • 7.5.3.2. Brazil Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 - 2024 (USD Billion)
      • 7.6.2. Middle East and Africa Small Electric Vehicle Market Revenue, by Technology Type, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Company Profile
    • 8.1. Tesla, Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Mercedes-Benz
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Volkswagen
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Renault S.A
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. General Motors
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Fisker Automotive
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Nissan Motors Company
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. Ford Motor Company
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Toyota Motor Corporation
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. BYD Company
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments

List of Figures 

1. Market Research Process
2. Market Research Methodology
3. Global Small Electric Vehicle Market Revenue, 2017 – 2024 (USD Billion) 
4. Porter’s Five Forces Analysis
5. Small Electric Vehicle Market: Market Attractiveness Analysis, by Vehicle Type Segment
6. Small Electric Vehicle Market: Market Attractiveness Analysis, by Technology Type Segment
7. Small Electric Vehicle Market: Market attractiveness Analysis, by Regional Segment
8. Company Market Share Analysis
9. Global Small Electric Vehicle Market Revenue Share, by Types, 2017 and 2024
10. Global Small Electric Vehicle Market: Vehicle Type Overview
11. Global Small Electric Vehicle Market by 2 or 3 Wheeler, 2015 – 2024 (USD Billion)
12. Global Small Electric Vehicle Market by Passenger Cars, 2015 – 2024 (USD Billion)
13. Global Small Electric Vehicle Market by Light Commercial Vehicle, 2015 – 2024 (USD Billion)
14. Global Small Electric Vehicle Market: Technology Type Overview
15. Global Small Electric Vehicle Market by Hybrid Electric Vehicle, 2015-2024 (USD billion)
16. Global Small Electric Vehicle Market by Plug-In Hybrid Electric Vehicle, 2015-2024 (USD billion)
17. Global Small Electric Vehicle Market by Battery Electric Vehicle, 2015-2024 (USD billion)
18. Global Small Electric Vehicle Market by Others, 2015-2024 (USD billion)
19. Global Small Electric Vehicle Market Revenue Share, by Region, 2017 and 2024(USD billion)
20. Global Small Electric Vehicle Market: Regional Overview
21. Global Small Electric Vehicle Market by North America, 2015 – 2024 (USD Billion)
22. Global Small Electric Vehicle Market by Europe, 2015 – 2024 (USD Billion)
23. Global Small Electric Vehicle Market by Asia Pacific, 2015 – 2024 (USD Billion)
24. Global Small Electric Vehicle Market by Latin America, 2015 – 2024 (USD Billion)
25. Global Small Electric Vehicle Market by Middle East & Africa, 2015 – 2024 (USD Billion)


List of Tables

1. Small Electric Vehicle Market: Market Snapshot 
2. Drivers of Global Small Electric Vehicle Market: Impact Analysis 
3. Restraints of Global Small Electric Vehicle Market: Impact Analysis 
4. North America Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
5. North America Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
6. US Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
7. US Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
8. Europe Small Electric Vehicle Market, by Vehicle Type, 2015 – 2024 (USD Billion)
9. Europe Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
10. UK Small Electric Vehicle Market, by Vehicle Type, 2015 – 2024 (USD Billion)
11. UK Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
12. Germany Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
13. Germany Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
14. France Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
15. France Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
16. Asia Pacific Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
17. Asia Pacific Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
18. China Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
19. China Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
20. Japan Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
21. Japan Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
22. India Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
23. India Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
24. Latin America Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
25. Latin America Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
26. Brazil Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
27. Brazil Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)
28. Middle East & Africa Small Electric Vehicle Market Revenue, by Vehicle Type, 2015 – 2024 (USD Billion)
29. Middle East & Africa Small Electric Vehicle Market Revenue, by Technology Type, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

Electric vehicles make use of electric motors and motor controllers for propulsion, in place of the internal combustion engine (ICE). These vehicles are more environment-friendly and energy efficient as compared to vehicles operating on other fuels; in addition, they require very less maintenance. The different types of electric vehicles which are available in the market are a hybrid electric vehicle, plug-in hybrid electric vehicle, and battery electric vehicle. Electric vehicles use heavy batteries which increase their weight, so light electric vehicles were introduced in the market which is usually 2 or 3 wheelers and weighs less than 100kg. 

The rise in the price of the crude oil and increasing demand for low-emission, high-performance, and fuel-efficient vehicles are the key factors for the growth of the small electric vehicle market. Further, environmental safety has become a major concern which is forcing governments to introduce new stringent rules and regulation towards emissions. This resulted in the increase in demand for electric vehicles in the market. Apart from this, a reduction in the price of Li-ion batteries is another major factor driving the small electric vehicle market. However, the high manufacturing cost of the electric vehicles and low fuel economy along with the service availability issues are some of the factors restraining the adoption of small electric vehicles. In the forecast period, development of new and advanced technologies will help the companies to bring new innovation and improvements in terms of types of the vehicle and reliability which will increase the adoption of electric vehicles. There is a positive involvement by governments in the small electric vehicle market such as promotional activities and awareness among the people for eco-friendly vehicles.

Global Small Electric Vehicle Market

The global small electric vehicle market is categorized on the basis of vehicle type, technology type, and regions. Small commercial vehicles, 2 or 3 wheelers, and passenger vehicles come under vehicle type segment of the small electric vehicle market. Further, based on technology, the small electric vehicle market is categorized into a plug-in hybrid electric vehicle, battery electric vehicle, and hybrid electric vehicle. On the basis of geographical region, the market is categorized into five regions namely North America, Latin America, Asia Pacific Europe, and the Middle East and Africa.

By geography, North America is the largest segment for the small electric vehicle market followed by Europe. Presently, both North America and Europe are dominating the small electric vehicle market globally as these regions have properly developed infrastructures such as public charging stations and government involvement for the electric vehicle market. In the forecast period, Asia Pacific is expected to emerge as a fastest growing regional segment for the small electric vehicle market as China is dominating the region for a maximum number of sales of light electric vehicles among the other countries.

Some of the key players in 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, and Mitsubishi iMiEV, among others.

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