The Latin America, Middle East and Africa Light Electric Vehicles Market should 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.
The market research report covers the analysis of key stakeholders 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.
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.
The market research report covers the analysis of key stakeholders 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
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
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Light Electric Vehicles Market by Vehicle Category
Chapter 5. LAMEA Light Electric Vehicles Market by Vehicle Type
Chapter 6. LAMEA Light Electric Vehicles Market by Component Type
Chapter 7. LAMEA Light Electric Vehicles Market by Application
Chapter 8. LAMEA Light Electric Vehicles Market by Power Output
Chapter 9. LAMEA Light Electric Vehicles Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- 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
Methodology
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