The Global Low Speed Vehicle Market is expected to reach USD 13.18 billion by 2026, growing at a CAGR of 5.1% during the forecast period of 2019 to 2025. The rising trend of using low speed vehicles in gated communities, resorts, industrial & college campuses is projected to fuel the demand for these vehicles.
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Major Key players profiled in this report are:
Polaris, Deere, Kubota, Club Car/Ingersoll Rand, and Textron
The other players in the market are Yamaha, Kawasaki, Ontario, American Sportworks, Bad Boy/Intimidator, ACG, Inc., JH Global Services, Inc., Farasis Energy, Inc., Bintelli Electric Vehicles, Ontario Drive & Gear Ltd., and many more.
Low speed vehicles is a class of 4 wheeler vehicles that have maximum capable speed of 40 km/h and minimum capable speed of 32 km/h that allow them to travel on public roads. These LSV have power output between 8 kW to 15 kW. LSV are available in three propulsion type namely diesel, electric and gasoline. There are various types of these LCVs which are available in the market namely commercial turf utility vehicles, golf carts, industrial utility vehicles and personnel carriers which are used for various purposes. The increasing urbanization in the developing countries all over the world, such as China, India and others is generating immense opportunities for the manufacturers of the low-speed vehicles to satisfy the emerging needs of the economic mobility infrastructure.
Major Market Drivers:
- Large aging population to drive the demand for LSVs
- Stringent emission regulations
- Integrated mobility of LSVs
- LSV is available in minimal safety standards/equipment
- Cost reduction & improved energy density of EV cells
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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This report identifies and analyses the emerging trends along with key drivers, challenges and opportunities in the Automotive industry. Moreover, this market report gives idea to clients about the market drivers and restraints extracted from SWOT analysis and also provides all the CAGR projections in the forecast period of 2019-2025. Market analysis included here gives an examination of various segments that are relied upon to witness the fastest development amid the estimate forecast frame. And not to mention, before giving it to the end users, all this information is assessed and validated by the market experts.
By Power Output- <8 kW, 8 kW–15 kW, >15 kW
By Propulsion- Diesel, Electric, Gasoline
By Geography- Asia Pacific, North America, Europe, South America, Middle East & Africa
Reasons to Purchase this Report:
- Current and future of global low speed vehicle market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
The global low speed vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of low speed vehicle market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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