Key drivers for demand embrace development of e-commerce, rising urbanization, declining know-how prices, and authorities incentives
BOULDER, Colo., May 17, 2022 /PRNewswire/ — A brand new report from Guidehouse Insights analyzes the worldwide marketplace for business mild EVs (CLEVs), together with the outlook for business e-bikes, e-cargo bikes, seated e-scooters, and e-motorcycles. Electric three-wheelers (E3Ws) are additionally included in the evaluation of the Indian market.
The rising demand for final mile and meals supply providers and the necessity for nimble, emission-free modes of transportation with low working prices are driving the CLEV market. According to a brand new report from Guidehouse Insights, the CLEV market is forecast to present regular development in annual gross sales revenues, rising from $3.4 billion in 2022 to $9.9 billion in 2031, representing a compound annual development fee (CAGR) of 12.7%.
“As the demand for delivery services increases, light duty commercial vehicles are increasing urban congestion and are further contributing to transportation emissions,” says Sagie Evbenata, senior analysis analyst with Guidehouse Insights. “In response, CLEVs are considerably lighter, have a smaller carbon footprint than conventional light goods vehicles, lower operating costs, and can carry cargo in addition to the driver, providing a compelling market opportunity for manufacturers and fleet operators for last mile deliveries.”
Increasing urbanization and congestion, mixed with the proliferation of metropolis entry restrictions for ICE automobiles, is ensuing in better demand for CLEVs. Further rising the demand, battery know-how has superior to assist scale back costs and enhance efficiency, ensuing in CLEVs changing into a beautiful proposition for purposes akin to transporting employees and items on authorities fleets. Furthermore, police and army forces are seeing the advantages of CLEVs as agile and stealthy patrol automobiles, in accordance to the report.
The report, Commercial Light EVshttps://guidehouseinsights.com/reports/market-data-Smart-Streetlighting, analyzes the worldwide potential for CLEVs and evaluates how the marketplace for these applied sciences will evolve. The report options an summary of the assorted sorts of CLEV, present purposes and an examination of the important thing drivers for future demand. Global market estimates via 2031 are included for unit gross sales and gross sales income generated by the foremost CLEV applied sciences together with e-bikes, e-cargo bikes, seated e-scooters, e-motorcycles, and E3Ws. An govt abstract of the report is offered without spending a dime obtain on the Guidehouse Insights web site.
About Guidehouse Insights
Guidehouse Insights, the devoted market intelligence arm of Guidehouse, gives analysis, knowledge, and benchmarking providers for right now’s quickly altering and extremely regulated industries. Our insights are constructed on in-depth evaluation of world clear know-how markets. The crew’s analysis methodology combines supply-side business evaluation, end-user main analysis, and demand evaluation, paired with a deep examination of know-how tendencies, to present a complete view of rising resilient infrastructure methods. Additional details about Guidehouse Insights might be discovered at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a number one international supplier of consulting providers to the general public sector and business markets, with broad capabilities in administration, know-how, and danger consulting. By combining our private and non-private sector experience, we assist shoppers deal with their most complicated challenges and navigate vital regulatory pressures specializing in transformational change, enterprise resiliency, and technology-driven innovation. Across a spread of advisory, consulting, outsourcing, and digital providers, we create scalable, modern options that assist our shoppers outwit complexity and place them for future development and success. The firm has greater than 13,000 professionals in over 50 places globally. Guidehouse is a Veritas Capital portfolio firm, led by seasoned professionals with confirmed and various experience in conventional and rising applied sciences, markets, and agenda-setting points driving nationwide and international economies. For extra info, please go to www.guidehouse.com.
* The info contained in this press launch regarding the report, Commercial Light EVs, is a abstract and displays the present expectations of Guidehouse Insights primarily based on market knowledge and pattern evaluation. Market predictions and expectations are inherently unsure and precise outcomes could differ materially from these contained in this press launch or the report. Please refer to the complete report for an entire understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to replace any of the knowledge contained in this press launch or the report.
For extra info, contact:
Cecile Fradkin
[email protected]
SOURCE Guidehouse Insights