Dublin, Jan. 16, 2019 (GLOBE NEWSWIRE) -- The "Asia-Pacific (APAC) Low-Speed Electric Vehicle (LSEV) Market by Product, By Voltage (24 V, 36 V, 48 V, 60 V, 72 V), By Country - Market Size, Share, Development, Growth, and Demand Forecast, 2017-2025" report has been added to ResearchAndMarkets.com's offering. Global LSEV market is projected to reach $68 billion by 2025, the growth of the market is majorly driven by rising environmental awareness and increasing government support. On the basis of voltage, the global LSEV market has been categorised into 24V, 36V, 48V, 60V, and 72V. Of these, 48V is the most preferred voltage category due to its preference in electric scooters as it provides an optimal power to price ratio. However, the fastest growth during the forecast period is expected from the 72V category, due to the rising demand for high-speed LSEVs which use this voltage level. Based on product, the LSEV market is categorized into two-wheelers, three-wheelers, and four-wheelers. Two-wheeler is the most preferred category due to the popularity of electric bicycles and electric scooters, and their comparatively high use in personal transport than other electric vehicles. In addition, the fastest growth during the forecast period is expected from the two-wheeler category. By type of two-wheeler, the LSEV market is categorised into electric scooter, motorcycle, bikes, kick scooter, and mono wheel. Among these, electric bikes held the highest revenue share in the market, valuing over 50% in 2017. Electric scooters can reach top-speeds of 25-50km/hr, and are comfortable for long distance commuting. These characteristics of electric scooters, coupled with their lower price when compared to electric motorcycles, would continue to drive their market growth during the forecast period. Globally, Asia-Pacific is the largest market for low speed electric vehicles, followed by North America and Europe. The Asia-Pacific market is led by China, which accounted for the largest share in terms of revenue in 2017, valued at more than 90%. The size of the country, population, technological advancements, and government support in the form of subsidies and regulations have made the country a big LSEV market in the region. China is also the largest exporter of these electric vehicles in the world. However, the fastest growth during the forecast period is expected from India, due to low penetration of LSEVs in the country. Key Topics Covered: Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.4 Key Stakeholders Chapter 2. Research Methodology 2.1 Secondary Research 2.2 Primary Research 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Assumptions for the Study Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By Product 4.1.1.1 Two-wheeler 4.1.1.1.1 Scooter 4.1.1.1.2 Motorcycle 4.1.1.1.3 Bikes 4.1.1.1.4 Kick Scooter 4.1.1.1.5 Mono Wheel 4.1.1.2 Three-wheeler 4.1.1.3 Four-wheeler 4.1.2 By Voltage 4.1.2.1 24V 4.1.2.2 36V 4.1.2.3 48V 4.1.2.4 60V 4.1.2.5 72V 4.2 Value Chain Analysis 4.3 Market Dynamics 4.3.1 Two-Wheelers 4.3.1.1 Trends 4.3.1.1.1 Shift from sealed lead acid (SLA) batteries to lithium ion (Li-ion) batteries 4.3.1.2 Drivers 4.3.1.2.1 Increasing Urbanization 4.3.1.2.2 Affordability of the electric two-wheelers 4.3.1.2.3 Impact analysis of drivers on market forecast 4.3.1.3 Restraints 4.3.1.3.1 Lack of proper charging infrastructure 4.3.1.3.2 Inadequate government support 4.3.1.3.3 Impact analysis of restraints on market forecast 4.3.1.4 Opportunities 4.3.1.4.1 Battery improvement 4.3.2 Three-Wheelers 4.3.2.1 Trends 4.3.2.1.1 Increasing penetration of electric three-wheelers in APAC 4.3.2.2 Drivers 4.3.2.2.1 Government incentives and environmental concerns 4.3.2.2.2 Investment toward development and expansion 4.3.2.2.3 Impact analysis of drivers on market forecast 4.3.2.3 Restraints 4.3.2.3.1 Long charging time 4.3.2.3.2 Impact analysis of restraints on market forecast 4.3.2.4 Opportunities 4.3.2.4.1 Improved range and charging time 4.3.3 Four-Wheelers (Micro-Electric Cars) 4.3.3.1 Trends 4.3.3.1.1 Advancements in battery technology 4.3.3.1.2 Use as a delivery vehicle 4.3.3.2 Drivers 4.3.3.2.1 Urbanization and need for micro mobility 4.3.3.2.2 Support by the government and local authorities 4.3.3.2.3 Impact analysis of drivers on market forecast 4.3.3.3 Restraints 4.3.3.3.1 Lack of infrastructure 4.3.3.3.2 High cost 4.3.3.3.3 Impact analysis of restraints on market forecast 4.3.3.4 Opportunities 4.3.3.4.1 High demand from emerging economies Chapter 5. OEM Analysis 5.1 Asia-Pacific Market 5.1.1 China 5.1.1.1 Electric two-wheeler 5.1.1.1.1 Yadea Technology Group 5.1.1.1.2 AIMA Technology Group Co. Ltd. 5.1.1.1.3 JIANGSU XINRI E-VEHICLE CO. LTD. 5.1.1.1.4 Zhejiang Luyuan Electric Vehicle Co. Ltd. 5.1.1.1.5 Shenzhen Xiaobaima Energy Tech Co. Ltd. 5.1.1.2 Electric three-wheeler 5.1.1.2.1 Jiangsu East Vehicle Manufacturing Co. Ltd 5.1.1.2.2 Jiangsu Kingbon Vehicle Co. Ltd 5.1.1.2.3 Changzhou Yufeng Vehicle Co. Ltd. 5.1.1.3 Electric four-wheeler 5.1.1.3.1 ZHIDOU Electric Vehicle Co. Ltd. 5.1.1.3.2 Byvin Corporation 5.1.1.3.3 Hebei Yujie Industry Co. Ltd (YOGOMO) 5.1.1.3.4 JIANGSU KINGBON VEHICLE CO. LTD 5.1.1.3.5 Shandong Shifeng (Group) Co. Ltd. 5.1.1.3.6 Suzhou Eagle Electric Vehicle Manufacturing Co. Ltd 5.1.1.3.7 Guangdong Marshell Electric Vehicle Co. Ltd. 5.1.1.3.8 Nanjing Jiayuan Special Electric Vehicles Manufacture Co. Ltd 5.1.2 India 5.1.2.1 Electric two-wheeler 5.1.2.1.1 Hero Electric Vehicles Pvt. Ltd. 5.1.2.1.2 Electrotherm India Ltd. 5.1.2.1.3 Lohia Auto Industries 5.1.2.1.4 Spero Electric 5.1.2.1.5 Okinawa Autotech Pvt. Ltd. 5.1.2.2 Electric three-wheeler 5.1.2.2.1 Hero Electric Vehicles Private Ltd. 5.1.2.2.2 Terra Motors Corporation 5.1.2.3 Electric four-wheeler 5.1.2.3.1 Speedways Electric 5.1.3 Japan 5.1.3.1 Electric two-Wheeler 5.1.3.1.1 Terra Motors Corporation 5.1.3.1.2 Honda Motor Co. Ltd. 5.1.3.1.3 Yamaha Motor Co. Ltd. 5.1.4 South Korea 5.1.4.1 Electric two-wheeler 5.1.4.1.1 Unistar Co. Ltd. 5.1.4.1.2 Razor USA LLC 5.1.4.1.3 Samuchly Bicycle 5.1.4.1.4 Kia Motors Corporation 5.1.4.1.5 Airwheel Holding Limited 5.1.4.1.6 Segway Inc. 5.1.4.2 Electric three-wheeler 5.1.4.2.1 SAEAN Inc. 5.1.4.2.2 Ecoone 5.1.4.3 Electric four-wheeler 5.1.4.3.1 Renault Samsung Motors 5.1.4.3.2 Daechang Motors Co. Ltd. 5.1.4.3.3 CT&T United Inc. 5.1.5 Thailand 5.1.5.1 Electric two-Wheeler 5.1.5.1.1 Honda Motor Company, Ltd. 5.1.5.1.2 UDA Motor Co. Ltd 5.1.5.1.3 STAR 8 (THAILAND) Co. Ltd. 5.1.5.1.4 E-Revolution Co Ltd 5.1.5.1.5 Ningbo MYWAY Intelligent Technology Co. Ltd 5.1.5.2 Electric three-wheeler 5.1.5.2.1 Tuk Factory 5.1.5.2.2 UDA Motor Co. Ltd 5.1.5.3 Electric four-wheeler 5.1.5.3.1 FOMM (ASIA) CO., LTD. 5.1.5.3.2 Electric Vehicles (Thailand) Co. Ltd 5.1.6 Indonesia 5.1.6.1 Electric two-wheeler 5.1.6.1.1 Viar Motor Indonesia 5.1.6.1.2 Xiaomi Inc. 5.1.6.1.3 Skutis Corporation pte ltd 5.1.6.1.4 Segway Inc. 5.1.6.1.5 Zero Motorcycles Inc. 5.1.6.2 Electric three-wheeler 5.1.6.2.1 Clean Motion 5.1.6.3 Electric four-wheeler 5.1.6.3.1 Agricultural Tractors Spares Pte Ltd. 5.1.7 Philippines 5.1.7.1 Electric two-wheeler 5.1.7.1.1 Terra Motors Corporation 5.1.7.1.2 Gxsun corp. 5.1.7.1.3 Xiaomi Inc. 5.1.7.1.4 Tinker Motors Inc. 5.1.7.1.5 California EcoBike 5.1.7.1.6 Dongguan Tailing Electric Vehicle Co. Ltd. 5.1.7.2 Electric three-wheeler 5.1.7.2.1 Terra Motors Corporation 5.1.7.2.2 BEMAC Electric Transportation Philippines Inc. 5.1.8 Singapore 5.1.8.1 Electric two-wheeler 5.1.8.1.1 Zoom 5.1.8.1.2 Ningbo MYWAY Intelligent Technology Co. Ltd 5.1.8.1.3 Airwheel Holding Limited 5.1.8.1.4 Segway Inc. 5.1.8.1.5 Beijing Tsinova Technology Co. Ltd. 5.1.8.1.6 A2B 5.1.8.2 Electric four-wheeler 5.1.8.2.1 Agricultural Tractors Spares Pte Ltd. 5.1.9 Malaysia 5.1.9.1 Electric two-wheeler 5.1.9.1.1 Eclimo Sdn. Bhd. 5.1.9.1.2 Ningbo MYWAY Intelligent Technology Co. Ltd 5.1.9.1.3 Airwheel Holding Limited 5.1.9.2 Electric four-wheeler 5.1.9.2.1 Renault Samsung Motors 5.1.9.2.2 Agricultural Tractors Spares Pte Ltd. Chapter 6. APAC Market Size and Forecast Chapter 7. Competitive Landscape 7.1 Strategic Developments of Key Players 7.1.1 Product Launches 7.1.2 Geographic Expansions 7.1.3 Other Developments Chapter 8. Company Profiles
- Terra Motors Corporation
- Changzhou Yufeng Vehicle Co. Ltd.
- Jiangsu Kingbon Vehicle Co. Ltd.
- Hero Electric Vehicles Pvt. Ltd.
- Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd.
- ZHIDOU Electric Vehicle Co. Ltd.
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