The report offers detailed coverage of Low-speed vehicle industry and main market trends. 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.
The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Low-speed vehicle by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Low-speed vehicle market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2028.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
First, this report covers the present status and the future prospects of the global Low-speed vehicle market for 2015-2028.
In this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Polaris Industries
Textron
Deere & Company
The Toro Company
Kubota
Yamaha Motor
Club Car
Taylor-Dunn
American Landmaster
Ontario Drive & Gear
At the same time, we classify Low-speed vehicle according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Electric Golf Carts
Electric Personal Utility Vehicles
Off Road Electric Vehicles
Commercial Electric Vehicles
Market by Application
Golf Courses
Airports
Hotels And Resorts
Residential Premises
Other
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Low-speed vehicle market for the forecast period 2021 - 2028?
• What are the driving forces in the Low-speed vehicle market for the forecast period 2021 - 2028?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Low-speed vehicle industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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