A low-speed vehicle (LSV) is a legal class of 4-wheel vehicles that have a maximum capable speed typically around 25 mph (40 km/h), and have a minimum capable speed (typically 20 mph (32 km/h)) that allows them to travel on public roads not accessible to all golf carts or neighborhood electric vehicles (NEV). The vehicles operate under very similar restrictions to but without the specification of battery electric power.
Low-speed electric vehicles (LSVs) are becoming more common on public roadways. Although small electric vehicles have been prevalent for many years on golf courses and as mobility aids, their manufacture for use on public roadways as a short range alternative to fossil-fueled autos has been increasing in recent years. The sale of LSVs is expected to increase significantly in the coming years due to increases in fossil fuel prices and new priorities for reducing dependence on fossil fuels, such as developing more sustainable transportation technologies and taking positive steps to reduce greenhouse gases.
In 2019, the market size of Low-speed vehicle is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Low-speed vehicle.
This report studies the global market size of Low-speed vehicle, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Low-speed vehicle production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Polaris Industries
Textron
Deere & Company
The Toro Company
Kubota
Yamaha Motor
Club Car
Taylor-Dunn
American Landmaster
Ontario Drive & Gear
Market Segment by Product Type
Electric Golf Carts
Electric Personal Utility Vehicles
Off Road Electric Vehicles
Commercial Electric Vehicles
Market Segment by Application
Golf Courses
Airports
Hotels And Resorts
Residential Premises
Other
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Low-speed vehicle status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Low-speed vehicle manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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 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 Low-speed vehicle are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Low-speed vehicle . Industry analysis & Market Report on Low-speed vehicle is a syndicated market report, published as Global (United States, European Union and China) Low-speed vehicle Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Low-speed vehicle market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.