- What are the leading technologies for CLEVs and what are their key features?
- What is the expected unit sales and total sales revenue for the various CLEV technologies?
- What are the primary applications for CLEVs?
- In which regions are CLEVs emerging and where are they likely to see growth?
- Which companies are deploying CLEV technologies?
- How is the adoption of li-ion batteries for E3Ws likely to compare to sealed lead-acid batteries?
2Q 2022
Commercial Light EVs
Global Market Analysis and Forecasts of Commercial e-Bikes, e-Cargo Bikes, Seated e-Scooters, e-Motorcycles, and e-Three-wheelers
The increasing demand for last mile and food delivery services and the need for nimble, emission-free modes of transportation with low operating costs are driving the commercial light EVs (CLEVs) market. Further increasing demand, cities have responded to urbanization and congestion with access restrictions to internal combustion engine vehicles. Battery technology has advanced to help reduce prices and improve performance, resulting in CLEVs becoming an attractive proposition for applications such as transporting staff and goods on government fleets. Furthermore, police and military forces are seeing the benefits of CLEVs as agile and stealthy patrol vehicles.
In sales revenue, E3Ws are the leading CLEV technology, predominantly in India. The large fleet of E3Ws there is expected to gradually transition from mainly low-cost sealed lead-acid batteries to higher performance li-ion, which offer performance advantages for commercial use. This will likely lead to increased average transaction prices and projected revenue of $4.1 billion in 2031. The commercial e-bike market is forecast to closely follow revenue expectations for E3Ws, with the highest number of unit sales for any CLEV technology, led by the market in China.
This Guidehouse Insights report analyzes the global potential for CLEVs and evaluates how the market for these technologies will evolve. The report features an overview of the various types of CLEV, current applications and an examination of the key drivers for future demand. Global market forecasts through 2031 are included for unit sales and sales revenue generated by the major CLEV technologies including e-Bikes, e-Cargo Bikes, seated e-Scooters, e-Motorcycles, and E3Ws.
Pages
40
Tables | Charts | Figures
34
Key Questions Addressed
Who Needs This Report
- Manufacturers of e-bikes, e-cargo bikes, e-motorcycles, electric three-wheelers and seated e-scooters
- Logistics and last mile delivery companies
- Food delivery companies
- Government agencies including police forces and military
- Transportation and city authorities
- Investor community
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Market Forecast Highlight
2. Market Issues
2.1 Introduction
2.2 CLEV Technologies and Use Cases
2.2.1 CLEV Technology Overview
2.2.2 E-Bikes
2.2.2.1 E-Cargo Bikes
2.2.3 Seated E-Scooters
2.2.4 E-Motorcycles
2.2.5 Electric Three-wheel Vehicles
3. Market Forecasts
3.1 Scope and Methodology
3.2 Total CLEV Units Sales and Revenue
3.3 Commercial E-Bike Unit Sales and Revenue
3.4 Commercial E-Cargo Bike Unit Sales and Revenue
3.5 Commercial Seated E-Scooters Unit Sales and Revenue
3.6 Commercial E-Motorcycles Unit Sales and Revenue
3.7 Commercial Electric Three-wheel Vehicle Unit Sales and Revenue for the Indian Market
4. Conclusions and Recommendations
4.1 E-Bikes and E-Cargo Bikes
4.1.2 Seated E-Scooters
4.1.3 E-Motorcycles
4.1.4 Electric Three-Wheelers
5. Acronym and Abbreviation List
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Annual Commercial Light Electric Vehicles Unit Sales by Technology, World Markets: 2022-2031
- Annual Commercial Light Electric Vehicles Revenue by Technology, World Markets: 2022-2031
- Annual Commercial E-Bike Unit Sales by Region, World Markets: 2022-2031
- Annual Commercial E-Bike Sales Revenue by Region, World Markets: 2022-2031
- Annual E-Cargo Bike Unit Sales by Region, World Markets: 2022-2031
- Annual E-Cargo Bike Sales Revenue by Region, World Markets: 2022-2031
- Annual Commercial Seated E-Scooter Unit Sales by Region, World Markets: 2022-2031
- Annual Commercial Seated E-Scooter Unit Sales by Region, Excluding China: 2022-2031
- Annual Commercial Seated E-Scooter Sales Revenue by Region, World Markets: 2022-2031
- Annual Commercial Seated E-Scooter Sales Revenue by Region, Excluding China: 2022-2031
- Annual Commercial E-Motorcycle Unit Sales by Region, World Markets: 2022-2031
- Annual Commercial E-Motorcycle Unit Sales by Region, Excluding China: 2022-2031
- Annual Commercial E-Motorcycle Sales Revenue by Region, World Markets: 2022-2031
- Annual Commercial E-Motorcycle Sales Revenue by Region, Excluding China: 2022-2031
- Annual E3W Unit Sales by Technology, India: 2022-2031
- Annual E3W Sales Revenue by Technology, India: 2022-2031
- Zoomo Delivery E-Bike
- Pedal Me E-Cargo Bike Ride-Hailing Service
- Gogoro Viva Seated E-Scooter
- Zero FXP E-Motorcycle for Police Forces
- Mahindra Treo High speed E3W
List of Tables
- Annual Commercial Light Electric Vehicles Revenue by Technology, World Markets: 2022-2031
- Annual Commercial Light Electric Vehicles Unit Sales by Technology, World Markets: 2022-2031
- Annual Commercial E-Bike Unit Sales by Region, World Markets: 2022-2031
- Annual Commercial E-Bike Sales Revenue by Region, World Markets: 2022-2031
- Annual E-Cargo Bike Unit Sales by Region, World Markets: 2022-2031
- Annual E-Cargo Bike Sales Revenue by Region, World Markets: 2022-2031
- Annual Commercial Seated E-Scooter Unit Sales by Region, World Markets: 2022-2031
- Annual Commercial Seated E-Scooter Sales Revenue by Region, World Markets: 2022-2031
- Annual Commercial E-Motorcycle Unit Sales by Region, World Markets: 2022-2031
- Annual Commercial E-Motorcycle Sales Revenue by Region, World Markets: 2022-2031
- Installed Base of Three-wheel Unit Sales by Technology, India: 2022-2031
- Annual E3W Unit Sales by Technology, India: 2022-2031
- Annual E3W Sales Revenue by Technology, India: 2022-2031
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