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Global Low Speed Electric Vehicles Market Research Report 2025
Synopsis
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.
The global Low Speed Electric Vehicles market was valued at US$ 7137 million in 2023 and is anticipated to reach US$ 14940 million by 2030, witnessing a CAGR of 11.0% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Low Speed Electric Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Low Speed Electric Vehicles.
Report Scope
The Low Speed Electric Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Low Speed Electric Vehicles market comprehensively. Regional market sizes, concerning products by Body Length, by Speed, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Low Speed Electric Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Body Length, by Speed, and by regions.
Market Segmentation
By Company
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng
Segment by Body Length
2.8m and Below
Above 2.8m
Segment by Speed
Below 50km/h
50-70km/h
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Body Length, by Speed, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Low Speed Electric Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Low Speed Electric Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Low Speed Electric Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Body Length, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Speed, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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.
The global Low Speed Electric Vehicles market was valued at US$ 7137 million in 2023 and is anticipated to reach US$ 14940 million by 2030, witnessing a CAGR of 11.0% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Low Speed Electric Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Low Speed Electric Vehicles.
Report Scope
The Low Speed Electric Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Low Speed Electric Vehicles market comprehensively. Regional market sizes, concerning products by Body Length, by Speed, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Low Speed Electric Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Body Length, by Speed, and by regions.
Market Segmentation
By Company
Letin
Jinpeng
Honri
ECAR
Entu
GreenWheel
Hantour
Jiayuan
Lichi
Shifeng
Segment by Body Length
2.8m and Below
Above 2.8m
Segment by Speed
Below 50km/h
50-70km/h
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Body Length, by Speed, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Low Speed Electric Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Low Speed Electric Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Low Speed Electric Vehicles in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Body Length, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Speed, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Low Speed Electric Vehicles Market Overview
1.1 Product Definition
1.2 Low Speed Electric Vehicles Segment by Body Length
1.2.1 Global Low Speed Electric Vehicles Market Value Growth Rate Analysis by Body Length 2023 VS 2030
1.2.2 2.8m and Below
1.2.3 Above 2.8m
1.3 Low Speed Electric Vehicles Segment by Speed
1.3.1 Global Low Speed Electric Vehicles Market Value Growth Rate Analysis by Speed: 2023 VS 2030
1.3.2 Below 50km/h
1.3.3 50-70km/h
1.4 Global Market Growth Prospects
1.4.1 Global Low Speed Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Low Speed Electric Vehicles Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Low Speed Electric Vehicles Production Estimates and Forecasts (2019-2030)
1.4.4 Global Low Speed Electric Vehicles Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Low Speed Electric Vehicles Production Market Share by Manufacturers (2019-2024)
2.2 Global Low Speed Electric Vehicles Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Low Speed Electric Vehicles, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Low Speed Electric Vehicles Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Low Speed Electric Vehicles Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Low Speed Electric Vehicles, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Low Speed Electric Vehicles, Product Offered and Application
2.8 Global Key Manufacturers of Low Speed Electric Vehicles, Date of Enter into This Industry
2.9 Low Speed Electric Vehicles Market Competitive Situation and Trends
2.9.1 Low Speed Electric Vehicles Market Concentration Rate
2.9.2 Global 5 and 10 Largest Low Speed Electric Vehicles Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Low Speed Electric Vehicles Production by Region
3.1 Global Low Speed Electric Vehicles Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Low Speed Electric Vehicles Production Value by Region (2019-2030)
3.2.1 Global Low Speed Electric Vehicles Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Low Speed Electric Vehicles by Region (2025-2030)
3.3 Global Low Speed Electric Vehicles Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Low Speed Electric Vehicles Production by Region (2019-2030)
3.4.1 Global Low Speed Electric Vehicles Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Low Speed Electric Vehicles by Region (2025-2030)
3.5 Global Low Speed Electric Vehicles Market Price Analysis by Region (2019-2024)
3.6 Global Low Speed Electric Vehicles Production and Value, Year-over-Year Growth
3.6.1 North America Low Speed Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Low Speed Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Low Speed Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Low Speed Electric Vehicles Production Value Estimates and Forecasts (2019-2030)
4 Low Speed Electric Vehicles Consumption by Region
4.1 Global Low Speed Electric Vehicles Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Low Speed Electric Vehicles Consumption by Region (2019-2030)
4.2.1 Global Low Speed Electric Vehicles Consumption by Region (2019-2024)
4.2.2 Global Low Speed Electric Vehicles Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Low Speed Electric Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Low Speed Electric Vehicles Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Low Speed Electric Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Low Speed Electric Vehicles Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Low Speed Electric Vehicles Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Low Speed Electric Vehicles Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Low Speed Electric Vehicles Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Low Speed Electric Vehicles Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Body Length
5.1 Global Low Speed Electric Vehicles Production by Body Length (2019-2030)
5.1.1 Global Low Speed Electric Vehicles Production by Body Length (2019-2024)
5.1.2 Global Low Speed Electric Vehicles Production by Body Length (2025-2030)
5.1.3 Global Low Speed Electric Vehicles Production Market Share by Body Length (2019-2030)
5.2 Global Low Speed Electric Vehicles Production Value by Body Length (2019-2030)
5.2.1 Global Low Speed Electric Vehicles Production Value by Body Length (2019-2024)
5.2.2 Global Low Speed Electric Vehicles Production Value by Body Length (2025-2030)
5.2.3 Global Low Speed Electric Vehicles Production Value Market Share by Body Length (2019-2030)
5.3 Global Low Speed Electric Vehicles Price by Body Length (2019-2030)
6 Segment by Speed
6.1 Global Low Speed Electric Vehicles Production by Speed (2019-2030)
6.1.1 Global Low Speed Electric Vehicles Production by Speed (2019-2024)
6.1.2 Global Low Speed Electric Vehicles Production by Speed (2025-2030)
6.1.3 Global Low Speed Electric Vehicles Production Market Share by Speed (2019-2030)
6.2 Global Low Speed Electric Vehicles Production Value by Speed (2019-2030)
6.2.1 Global Low Speed Electric Vehicles Production Value by Speed (2019-2024)
6.2.2 Global Low Speed Electric Vehicles Production Value by Speed (2025-2030)
6.2.3 Global Low Speed Electric Vehicles Production Value Market Share by Speed (2019-2030)
6.3 Global Low Speed Electric Vehicles Price by Speed (2019-2030)
7 Key Companies Profiled
7.1 Letin
7.1.1 Letin Low Speed Electric Vehicles Corporation Information
7.1.2 Letin Low Speed Electric Vehicles Product Portfolio
7.1.3 Letin Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Letin Main Business and Markets Served
7.1.5 Letin Recent Developments/Updates
7.2 Jinpeng
7.2.1 Jinpeng Low Speed Electric Vehicles Corporation Information
7.2.2 Jinpeng Low Speed Electric Vehicles Product Portfolio
7.2.3 Jinpeng Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Jinpeng Main Business and Markets Served
7.2.5 Jinpeng Recent Developments/Updates
7.3 Honri
7.3.1 Honri Low Speed Electric Vehicles Corporation Information
7.3.2 Honri Low Speed Electric Vehicles Product Portfolio
7.3.3 Honri Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Honri Main Business and Markets Served
7.3.5 Honri Recent Developments/Updates
7.4 ECAR
7.4.1 ECAR Low Speed Electric Vehicles Corporation Information
7.4.2 ECAR Low Speed Electric Vehicles Product Portfolio
7.4.3 ECAR Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.4.4 ECAR Main Business and Markets Served
7.4.5 ECAR Recent Developments/Updates
7.5 Entu
7.5.1 Entu Low Speed Electric Vehicles Corporation Information
7.5.2 Entu Low Speed Electric Vehicles Product Portfolio
7.5.3 Entu Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Entu Main Business and Markets Served
7.5.5 Entu Recent Developments/Updates
7.6 GreenWheel
7.6.1 GreenWheel Low Speed Electric Vehicles Corporation Information
7.6.2 GreenWheel Low Speed Electric Vehicles Product Portfolio
7.6.3 GreenWheel Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.6.4 GreenWheel Main Business and Markets Served
7.6.5 GreenWheel Recent Developments/Updates
7.7 Hantour
7.7.1 Hantour Low Speed Electric Vehicles Corporation Information
7.7.2 Hantour Low Speed Electric Vehicles Product Portfolio
7.7.3 Hantour Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Hantour Main Business and Markets Served
7.7.5 Hantour Recent Developments/Updates
7.8 Jiayuan
7.8.1 Jiayuan Low Speed Electric Vehicles Corporation Information
7.8.2 Jiayuan Low Speed Electric Vehicles Product Portfolio
7.8.3 Jiayuan Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Jiayuan Main Business and Markets Served
7.7.5 Jiayuan Recent Developments/Updates
7.9 Lichi
7.9.1 Lichi Low Speed Electric Vehicles Corporation Information
7.9.2 Lichi Low Speed Electric Vehicles Product Portfolio
7.9.3 Lichi Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Lichi Main Business and Markets Served
7.9.5 Lichi Recent Developments/Updates
7.10 Shifeng
7.10.1 Shifeng Low Speed Electric Vehicles Corporation Information
7.10.2 Shifeng Low Speed Electric Vehicles Product Portfolio
7.10.3 Shifeng Low Speed Electric Vehicles Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Shifeng Main Business and Markets Served
7.10.5 Shifeng Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Low Speed Electric Vehicles Industry Chain Analysis
8.2 Low Speed Electric Vehicles Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Low Speed Electric Vehicles Production Mode & Process
8.4 Low Speed Electric Vehicles Sales and Marketing
8.4.1 Low Speed Electric Vehicles Sales Channels
8.4.2 Low Speed Electric Vehicles Distributors
8.5 Low Speed Electric Vehicles Customers
9 Low Speed Electric Vehicles Market Dynamics
9.1 Low Speed Electric Vehicles Industry Trends
9.2 Low Speed Electric Vehicles Market Drivers
9.3 Low Speed Electric Vehicles Market Challenges
9.4 Low Speed Electric Vehicles Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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