A low-speed electric vehicle is an advanced version of four-wheel vehicles with maximum speed of 25 mph (40 km/h), and a minimum capable speed (typically 20 mph (32 km/h)), which allows them to travel on public roads not accessible to all golf carts or neighborhood electric vehicles (NEVs).
Rise in oil prices, increase in air pollution in developed regions, and surge in pressure from government entities on the gasoline-powered vehicles to minimize their emissions drive the low-speed electric vehicles market. In addition, introduction of stringent emission control regulations from the road authorities further fuels the market growth. However, lack of government regulations on the manufacturing of these vehicles and increase in number of low-quality offerings of low-speed vehicles restricts the growth. Irrespective of the challenges, attractive incentives are being provided by the government, presenting a major opportunity for the electric vehicles market.
Global Electric Low Speed Vehicles (LSV) market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Electric Low Speed Vehicles (LSV).
This industry study presents the global Electric Low Speed Vehicles (LSV) market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Electric Low Speed Vehicles (LSV) production, revenue and market share by manufacturers, key regions and type;
The consumption of Electric Low Speed Vehicles (LSV) in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Yamaha Motors, HDK Electric Vehicles, etc.
The following manufacturers are covered in this report:
Yamaha Motors
HDK Electric Vehicles
Textron
Speedway Electric
Polaris Industries
CitEcar Electric Vehicles
Suzhou Eagle Electric Vehicle Manufacturing
Moto Electric Vehicles
Electric Low Speed Vehicles (LSV) Breakdown Data by Type
Electric Golf Cart
Electric Personal Utility Vehicle
Electric Low Speed Off-Road Vehicle
Others
Electric Low Speed Vehicles (LSV) Breakdown Data by Application
Golf Courses
Hotels
Tourist Destinations
Airports
Others
Electric Low Speed Vehicles (LSV) Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Electric Low Speed Vehicles (LSV) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Electric Low Speed Vehicles (LSV) status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Electric Low Speed Vehicles (LSV) manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electric Low Speed Vehicles (LSV) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electric Low Speed Vehicles (LSV) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Electric Low Speed Vehicles (LSV) . Industry analysis & Market Report on Electric Low Speed Vehicles (LSV) is a syndicated market report, published as Global Electric Low Speed Vehicles (LSV) Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Electric Low Speed Vehicles (LSV) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.