LONDON--(BUSINESS WIRE)--The light electric vehicle market is dominated by large bicycle companies, due to their access to distribution, according to a new report on companiesandmarkets.com.
Light Electric Vehicles 2011-2021
The LEV industry is growing fast, with greatest strength in China today, but also clearly emerging fast in the rest of the world. Up until the last couple of years, ebike sales were concentrated in China, Japan, and the EU. In the last few years, nearly every nation has bought ebikes from China, and in some cases, the volumes are now significant. Sales will reach 130 million yearly before 2025, make it one of the world's largest industries. The 206 page report encompassing over 70 brands gives forecasts of sales numbers, unit prices and total market value for 2011-2021.
LEVs are one of the largest and fastest growing electric vehicle markets. A Light Electric Vehicle LEV is a land vehicle propelled by an electric motor that uses an energy storage device such as a battery or fuel cell, has two or three wheels, and typically weighs less than 100kg. Most LEVs are and will remain ebikes. These are Power on Demand bikes controlled with a throttle. A significant percentage of ebikes sold are scooters in that they have the driver's feet rest on a platform - they are not straddled by the driver.
Today, the LEV industry is dominated by large bicycle companies, due to their access to distribution. We explain why, in the future, these companies will face major competition from, and may be pushed aside by car, motorcycle, and car parts companies. Supply chains for motors, batteries, chassis parts, and nearly every LEV component exist in Asia, primarily in China, Taiwan, Japan, and newly emerging South Korea. We reveal where the highest profits will be obtained in future and the opportunities in components as these change with lithium-ion batteries of several generations and supercapacitors being increasingly employed, for example. The more demanding future technical requirements of users and standards are investigated.
Report Details: http://www.companiesandmarkets.com/Market-Report/light-electric-vehicles-2011-2021-683132.asp?prk=7c4ed5b510c1ffe12b50d9829eddaba2