Low Speed Vehicle Market 2027 By Type, Propulsion and Geography | The Insight Partners

Low Speed Vehicle Market to 2027 - Global Analysis and Forecasts by Type (Commercial Turf Utility Vehicles, Golf Carts, Industrial Utility Vehicles, and Personnel Carriers); Propulsion (Diesel, Electric, and Gasoline) and Geography

Publication Month: Mar 2020 | Report Code: TIPAT00002149 | No. of Pages: 169 | Category: Automotive and Transportation | Status: Published

The low speed vehicle market was valued at US$ 11.98 Bn in 2019 and is expected to grow at a CAGR of 4.2% from 2020 to 2027 to reach US$ 16.46 Bn by 2027.

 

The low speed vehicle market has witnessed eminent growth in the last couple of years globally. The positive economic outlook, rising disposable incomes, and growing population are among the factors that are driving the demand for infrastructure projects. Also, pertaining to high volume of online orders, the e-commerce industry is growing which would result into more ownership of warehouse in the region. Low speed vehicles within the warehouse supports in shifting the boxes form one place to another. Above-mentioned factors plays a major role in accelerating the low speed vehicle market growth. The APAC held the largest market share in 2019 and is anticipated to be the fastest growing region in the low speed vehicle market. North America and Europe are the second and third largest region in the low speed market.  

 

Coronavirus outbreak began in Wuhan (China) during December 2019. It has been spreading at a fast pace across the world and some of the worst affected countries include China, Italy, Iran, Spain, republic of Korea, France, Germany, and the US. The outbreak of COVID-19 and its resulting effects such as border lockdowns, shutdowns, travel bans have started to impact businesses across various industries. The low speed vehicle market is anticipated to have a medium impact owing to the disruptions in the global supply chains. The companies operating in this market will see a drop in overall sales in the short term (3-6 months), however, the market will see a steady growth in the coming years.

 

Lucrative Regional Low Speed Vehicle Market

Lucrative Regional Low Speed Vehicle Market

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Market Insights

Rising government initiatives to encourage sustainable transportation

European Union, China, Japan, Canada, India, and South Korea are some of the major geographies where governments are proactively taking steps to increase the adoption of electric vehicles. For instance, in the European Union, significant improvements were made in fuel economy standards for existing vehicle. A ‘Clean Vehicles Directive’ was formulated for the procurement of electric buses by government sector. Another directive called ‘Energy Performance Buildings Directive’ is also formed which sets minimum standards for setting up charging infrastructure in buildings.

 

Propulsion Insights

The low speed vehicle market, by propulsion, is segmented into diesel, electric, and gasoline. The fuel-powered segment captured a dominating share in the global low speed vehicle market.  There has been growing trend of high power vehicles that are capable to move on the permissible roads and can be utilized as utility vehicles and personnel carriers. Hence, during the forecast period, electric low speed vehicles are projected to have significant growth, along with high-power low speed vehicles which in turn is expected to eventually drive the low speed vehicle market.

 

Global Low Speed Vehicle Market, by Type – 2019 & 2027

Global Low Speed Vehicle Market, by Type – 2019 & 2027

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Type Insights

The low speed vehicle market, by type, is segmented into commercial turf utility vehicles, golf carts, industrial utility vehicles, and personnel carriers. The golf carts segment captured a dominating share in the global low speed vehicle market. Several communities in the United States depend heavily on low-speed electric vehicles to get around. For older people walking can sometimes be difficult while driving a car can be burdensome and even unsafe.

 

Strategic Insights

Market initiative and new development strategies are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are mostly observed in North America and Europe. The players present in the low speed vehicle market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

 

Low speed vehicle Market – By Type

  • Commercial Turf Utility Vehicles
  • Golf Carts
  • Industrial Utility Vehicles
  • Personnel Carriers


Low speed vehicle Market – By Propulsion

  • Diesel
  • Electric
  • Gasoline


Low speed vehicle Market – By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Australia
    • South Korea
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

 

Company Profiles

  • Bintelli Electric Vehicle
  • Club Car, LLC
  • Cruise Car, Inc.,
  • Deere & Company
  • HDK Co., Ltd.
  • Moto Electric Vehicles
  • Polaris Inc.
  • Textron Specialized Vehicles Inc.
  • The Toro Company
  • Yamaha Golf-Car Company

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Low Speed Vehicle Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1       North America

4.2.2       Europe

4.2.3       APAC

4.2.4       MEA

4.2.5       SAM

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Low Speed Vehicle Market – Key Market Dynamics

5.1       Market Drivers

5.1.1       Increasing government initiatives to promote sustainable transportation

5.1.2       Rising global construction & infrastructure industry

5.2       Market Restraints

5.2.1       High ownership and maintenance costs

5.3       Market Opportunities

5.3.1       Growing demand for electric vehicles

5.4       Future Trends

5.4.1       Rising technology integration and advanced features

5.5       Impact Analysis of Drivers And Restraints

6.             Low Speed Vehicle – Global Market Analysis

6.1       Low Speed Vehicle Market Overview

6.2       Low Speed Vehicle Market –Revenue and Forecast to 2027 (US$ Billion)

6.3       Market Positioning – Five Key Players

7.             Low Speed Vehicle Market Analysis – By Type

7.1       Overview

7.2       Low Speed Vehicle Market, By Type (2019 and 2027)

7.3       Commercial Turf Utility Vehicles

7.3.1       Overview

7.3.2       Commercial Turf Utility Vehicles: Low Speed Vehicle Market – Revenue and Forecast to 2027  (US$ Million)

7.4       Golf Carts

7.4.1       Overview

7.4.2       Golf Carts: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

7.5       Industrial Utility Vehicles

7.5.1       Overview

7.5.2       Industrial Utility Vehicles: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

7.6       Personnel Carriers

7.6.1       Overview

7.6.2       Personnel Carriers: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

8.             Low Speed Vehicle Market – By Propulsion

8.1       Overview

8.2       Low Speed Vehicle Market, by Propulsion (2019 and 2027)

8.3       Diesel

8.3.1       Overview

8.3.2       Diesel: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Electric

8.4.1       Overview

8.4.2       Electric: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

8.4.3       Less than 5 HP Market Forecast and Analysis

8.4.3.1    Less than 5 HP: Revenue and Forecast to 2027 (US$ Million)

8.4.4       5 – 8 HP Market Forecast and Analysis

8.4.4.1    5 – 8 HP: Revenue and Forecast to 2027 (US$ Million)

8.4.5       More than 8 HP Market Forecast and Analysis

8.4.5.1    More than 8 HP: Revenue and Forecast to 2027 (US$ Million)

8.5       Gasoline

8.5.1       Overview

8.5.2       Gasoline: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.             Low Speed Vehicle Market – Geographic Analysis

9.1       Overview

9.2       North America: Low Speed Vehicle Market

9.2.1       North America: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.2.2       North America: Low Speed Vehicle Market, by Type

9.2.3       North America: Low Speed Vehicle Market, by Propulsion

9.2.4       North America: Low Speed Vehicle Market, by Key Country

9.2.4.1    US: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.1.1    US: Low Speed Vehicle Market, by Type

9.2.4.1.2    US: Low Speed Vehicle Market, by Propulsion

9.2.4.1.3    US: Electric Low Speed Vehicle Market, by Power

9.2.4.2    Canada: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.2.1    Canada: Low Speed Vehicle Market, by Type

9.2.4.2.2    Canada: Low Speed Vehicle Market, by Propulsion

9.2.4.2.3    Canada: Electric Low Speed Vehicle Market, by Power

9.2.4.3    Mexico: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.2.4.3.1    Mexico: Low Speed Vehicle Market, by Type

9.2.4.3.2    Mexico: Low Speed Vehicle Market, by Propulsion

9.2.4.3.3    Mexico: Electric Low Speed Vehicle Market, by Power

9.3       Europe: Low Speed Vehicle Market

9.3.1       Europe: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.2       Europe: Low Speed Vehicle Market, by Type

9.3.3       Europe: Low Speed Vehicle Market, by Propulsion

9.3.4       Europe: Low Speed Vehicle Market, by Key Country

9.3.4.1    Germany: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.1.1    Germany: Low Speed Vehicle Market, by Type

9.3.4.1.2    Germany: Low Speed Vehicle Market, by Propulsion

9.3.4.1.3    Germany: Electric Low Speed Vehicle Market, by Power

9.3.4.2    France: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.2.1    France: Low Speed Vehicle Market, by Type

9.3.4.2.2    France: Low Speed Vehicle Market, by Propulsion

9.3.4.2.3    France: Electric Low Speed Vehicle Market, by Power

9.3.4.3    Italy: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.3.1    Italy: Low Speed Vehicle Market, by Type

9.3.4.3.2    Italy: Low Speed Vehicle Market, by Propulsion

9.3.4.3.3    Italy: Electric Low Speed Vehicle Market, by Power

9.3.4.4    UK: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.4.1    UK: Low Speed Vehicle Market, by Type

9.3.4.4.2    UK: Low Speed Vehicle Market, by Propulsion

9.3.4.4.3    UK: Electric Low Speed Vehicle Market, by Power

9.3.4.5    Russia: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.5.1    Russia: Low Speed Vehicle Market, by Type

9.3.4.5.2    Russia: Low Speed Vehicle Market, by Propulsion

9.3.4.5.3    Russia: Electric Low Speed Vehicle Market, by Power

9.3.4.6    Rest of Europe: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.3.4.6.1    Rest of Europe: Low Speed Vehicle Market, by Type

9.3.4.6.2    Rest of Europe: Low Speed Vehicle Market, by Propulsion

9.3.4.6.3    Rest of Europe: Electric Low Speed Vehicle Market, by Power

9.4       APAC: Low Speed Vehicle Market

9.4.1       APAC: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.2       APAC: Low Speed Vehicle Market, by Type

9.4.3       APAC: Low Speed Vehicle Market, by Propulsion

9.4.4       APAC: Low Speed Vehicle Market, by Key Country

9.4.4.1    Australia: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.1.1    Australia: Low Speed Vehicle Market, by Type

9.4.4.1.2    Australia: Low Speed Vehicle Market, by Propulsion

9.4.4.1.3    Australia: Electric Low Speed Vehicle Market, by Power

9.4.4.2    China: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.2.1    China: Low Speed Vehicle Market, by Type

9.4.4.2.2    China: Low Speed Vehicle Market, by Propulsion

9.4.4.2.3    China: Electric Low Speed Vehicle Market, by Power

9.4.4.3    India: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.3.1    India: Low Speed Vehicle Market, by Type

9.4.4.3.2    India: Low Speed Vehicle Market, by Propulsion

9.4.4.3.3    India: Electric Low Speed Vehicle Market, by Power

9.4.4.4    Japan: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.4.1    Japan: Low Speed Vehicle Market, by Type

9.4.4.4.2    Japan: Low Speed Vehicle Market, by Propulsion

9.4.4.4.3    Japan: Electric Low Speed Vehicle Market, by Power

9.4.4.5    South Korea: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.5.1    South Korea: Low Speed Vehicle Market, by Type

9.4.4.5.2    South Korea: Low Speed Vehicle Market, by Propulsion

9.4.4.5.3    South Korea: Electric Low Speed Vehicle Market, by Power

9.4.4.6    Rest of APAC: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.4.4.6.1    Rest of APAC: Low Speed Vehicle Market, by Type

9.4.4.6.2    Rest of APAC: Low Speed Vehicle Market, by Propulsion

9.4.4.6.3    Rest of APAC: Electric Low Speed Vehicle Market, by Power

9.5       MEA: Low Speed Vehicle Market

9.5.1       MEA: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.5.2       MEA: Low Speed Vehicle Market, by Type

9.5.3       MEA: Low Speed Vehicle Market, by Propulsion

9.5.4       MEA: Low Speed Vehicle Market, by Key Country

9.5.4.1    South Africa: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.1.1    South Africa: Low Speed Vehicle Market, by Type

9.5.4.1.2    South Africa: Low Speed Vehicle Market, by Propulsion

9.5.4.1.3    South Africa: Electric Low Speed Vehicle Market, by Power

9.5.4.2    Saudi Arabia: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.2.1    Saudi Arabia: Low Speed Vehicle Market, by Type

9.5.4.2.2    Saudi Arabia: Low Speed Vehicle Market, by Propulsion

9.5.4.2.3    Saudi Arabia: Electric Low Speed Vehicle Market, by Power

9.5.4.3    UAE: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.3.1    UAE: Low Speed Vehicle Market, by Type

9.5.4.3.2    UAE: Low Speed Vehicle Market, by Propulsion

9.5.4.3.3    UAE: Electric Low Speed Vehicle Market, by Power

9.5.4.4    Rest of MEA: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.5.4.4.1    Rest of MEA: Low Speed Vehicle Market, by Type

9.5.4.4.2    Rest of MEA: Low Speed Vehicle Market, by Propulsion

9.5.4.4.3    Rest of MEA: Electric Low Speed Vehicle Market, by Power

9.6       SAM: Low Speed Vehicle Market

9.6.1       SAM: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.6.2       SAM: Low Speed Vehicle Market, by Type

9.6.3       SAM: Low Speed Vehicle Market, by Propulsion

9.6.4       SAM: Low Speed Vehicle Market, by Key Country

9.6.4.1    Brazil: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.1.1    Brazil: Low Speed Vehicle Market, by Type

9.6.4.1.2    Brazil: Low Speed Vehicle Market, by Propulsion

9.6.4.1.3    Brazil: Electric Low Speed Vehicle Market, by Power

9.6.4.2    Argentina: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.2.1    Argentina: Low Speed Vehicle Market, by Type

9.6.4.2.2    Argentina: Low Speed Vehicle Market, by Propulsion

9.6.4.2.3    Argentina: Electric Low Speed Vehicle Market, by Power

9.6.4.3    Rest of SAM: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

9.6.4.3.1    Rest of SAM: Low Speed Vehicle Market, by Type

9.6.4.3.2    Rest of SAM: Low Speed Vehicle Market, by Propulsion

9.6.4.3.3    Rest of SAM: Electric Low Speed Vehicle Market, by Power

10.          Low Speed Vehicle Market - Industry Landscape

10.1    Overview

10.2    Market Initiative

10.3    New Product Development

10.4    Merger and Acquisition

11.          Company Profiles

11.1    Bintelli Electric Vehicles

11.1.1    Key Facts

11.1.2    Business Description

11.1.3    Products and Services

11.1.4    Financial Overview

11.1.5    SWOT Analysis

11.1.6    Key Developments

11.2    Club Car, LLC

11.2.1    Key Facts

11.2.2    Business Description

11.2.3    Products and Services

11.2.4    Financial Overview

11.2.5    SWOT Analysis

11.2.6    Key Developments

11.3    Cruise Car, Inc.

11.3.1    Key Facts

11.3.2    Business Description

11.3.3    Products and Services

11.3.4    Financial Overview

11.3.5    SWOT Analysis

11.3.6    Key Developments

11.4    Deere & Company

11.4.1    Key Facts

11.4.2    Business Description

11.4.3    Products and Services

11.4.4    Financial Overview

11.4.5    SWOT Analysis

11.4.6    Key Developments

11.5    HDK Co., Ltd.

11.5.1    Key Facts

11.5.2    Business Description

11.5.3    Products and Services

11.5.4    Financial Overview

11.5.5    SWOT Analysis

11.5.6    Key Developments

11.6    Moto Electric Vehicles

11.6.1    Key Facts

11.6.2    Business Description

11.6.3    Products and Services

11.6.4    Financial Overview

11.6.5    SWOT Analysis

11.6.6    Key Developments

11.7    Polaris Inc.

11.7.1    Key Facts

11.7.2    Business Description

11.7.3    Products and Services

11.7.4    Financial Overview

11.7.5    SWOT Analysis

11.7.6    Key Developments

11.8    Textron Specialized Vehicles Inc.

11.8.1    Key Facts

11.8.2    Business Description

11.8.3    Products and Services

11.8.4    Financial Overview

11.8.5    SWOT Analysis

11.8.6    Key Developments

11.9    The Toro Company

11.9.1    Key Facts

11.9.2    Business Description

11.9.3    Products and Services

11.9.4    Financial Overview

11.9.5    SWOT Analysis

11.9.6    Key Developments

11.10  Yamaha Golf-Car Company

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12.          Appendix

12.1    About The Insight Partners

12.2    Word Index


LIST OF TABLES

Table 1.            Low Speed Vehicle Market –Revenue and Forecast to 2027 (US$ Billion)

Table 2.            North America: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.            North America: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 4.            North America: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 5.            US: Low Speed Vehicle Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.            US: Low Speed Vehicle Market, by Propulsion –Revenue and Forecast to 2027 (US$ Million)

Table 7.            US: Electric Low Speed Vehicle Market, by Power –Revenue and Forecast to 2027 (US$ Million)

Table 8.            Canada: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 9.            Canada: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 10.         Canada: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 11.         Mexico: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 12.         Mexico: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 13.         Mexico: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 14.         Europe: Low Speed Vehicle Market, by Type– Revenue and Forecast to 2027 (US$ Million)

Table 15.         Europe: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 16.         Europe: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 17.         Germany: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 18.         Germany: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 19.         Germany: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 20.         France: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 21.         France: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 22.         France: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 23.         Italy: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 24.         Italy: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 25.         Italy: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 26.         UK: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 27.         UK: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 28.         UK: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 29.         Russia: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 30.         Russia: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 31.         Russia: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 32.         Rest of Europe: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 33.         Rest of Europe: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 34.         Rest of Europe: Electric Low Speed Vehicle Market, by Power - Revenue and Forecast to 2027 (US$ Million)

Table 35.         APAC: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 36.         APAC: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 37.         APAC: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 38.         Australia: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 39.         Australia: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 40.         Australia: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 41.         China: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 42.         China: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 43.         China: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 44.         India: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 45.         India: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 46.         India: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 47.         Japan: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 48.         Japan: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 49.         Japan: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 50.         South Korea: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 51.         South Korea: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 52.         South Korea: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 53.         Rest of APAC: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 54.         Rest of APAC: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 55.         Rest of APAC: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 56.         MEA: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 57.         MEA: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 58.         MEA: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 59.         South Africa: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 60.         South Africa: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 61.         South Africa: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 62.         Saudi Arabia: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 63.         Saudi Arabia: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 64.         Saudi Arabia: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 65.         UAE: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 66.         UAE: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 67.         UAE: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 68.         Rest of MEA: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 69.         Rest of MEA: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 70.         Rest of MEA: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 71.         SAM: Low Speed Vehicle Market, by Type– Revenue and Forecast to 2027 (US$ Million)

Table 72.         SAM: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 73.         SAM: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 74.         Brazil: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 75.         Brazil: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 76.         Brazil: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 77.         Argentina: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 78.         Argentina: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 79.         Argentina: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 80.         Rest of SAM: Low Speed Vehicle Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 81.         Rest of SAM: Low Speed Vehicle Market, by Propulsion – Revenue and Forecast to 2027 (US$ Million)

Table 82.         Rest of SAM: Electric Low Speed Vehicle Market, by Power – Revenue and Forecast to 2027 (US$ Million)

Table 83.         List of Abbreviation


LIST OF FIGURES

Figure 1.          Low Speed Vehicle Market Segmentation

Figure 2.          Low Speed Vehicle Market Segmentation – By Geography

Figure 3.          Global Low Speed Vehicle Market Overview

Figure 4.          Electric Propulsion to Show Remarkable Traction During Forecast Period

Figure 5.          Golf Carts Segment to Show Remarkable Growth During Forecast Period

Figure 6.          APAC Held Largest Share of Global Low Speed Vehicle Market

Figure 7.          Global Low Speed Vehicle Market, Industry Landscape

Figure 8.          Global Low Speed Vehicle Market, Geography Analysis

Figure 9.          North America: PEST Analysis

Figure 10.       Europe: PEST Analysis

Figure 11.       APAC: PEST Analysis

Figure 12.       MEA: PEST Analysis

Figure 13.       SAM: PEST Analysis

Figure 14.       Ecosystem Analysis

Figure 15.       Expert Opinion

Figure 16.       Low Speed Vehicle Market Impact Analysis of Drivers And Restraints

Figure 17.       Geographic Overview of Low Speed Vehicle Market

Figure 18.       Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Billion)

Figure 19.       Low Speed Vehicle Market Revenue Share, by Type (2019 and 2027)

Figure 20.       Commercial Turf Utility Vehicles: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.       Golf Carts: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.       Industrial Utility Vehicles: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.       Personnel Carriers: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.       Low Speed Vehicle Market Revenue Share, by Propulsion (2019 and 2027)

Figure 25.       Diesel: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.       Electric: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.       Less than 5 HP: Revenue and Forecast to 2027 (US$ Million)

Figure 28.       5 – 8 HP: Revenue and Forecast to 2027 (US$ Million)

Figure 29.       More than 8 HP: Revenue and Forecast to 2027 (US$ Million)

Figure 30.       Gasoline: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.       Global Low Speed Vehicle Market Revenue Share, by Region (2019 and 2027)

Figure 32.       North America: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.       North America: Low Speed Vehicle Market Revenue Share, by Type (2019 and 2027)

Figure 34.       North America: Low Speed Vehicle Market Revenue Share, by Propulsion (2019 and 2027)

Figure 35.       North America: Low Speed Vehicle Market Revenue Share, by Key Country (2019 and 2027)

Figure 36.       US: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 37.       Canada: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 38.       Mexico: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 39.       Europe: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40.       Europe: Low Speed Vehicle Market Revenue Share, by Type (2019 and 2027)

Figure 41.       Europe: Low Speed Vehicle Market Revenue Share, by Propulsion (2019 and 2027)

Figure 42.       Europe: Low Speed Vehicle Market Revenue Share, by Key Country (2019 and 2027)

Figure 43.       Germany: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 44.       France: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 45.       Italy: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 46.       UK: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 47.       Russia: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 48.       Rest of Europe: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49.       APAC: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50.       APAC: Low Speed Vehicle Market Revenue Share, by Type (2019 and 2027)

Figure 51.       APAC: Low Speed Vehicle Market Revenue Share, by Propulsion (2019 and 2027)

Figure 52.       APAC: Low Speed Vehicle Market Revenue Share, by Key Country (2019 and 2027)

Figure 53.       Australia: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 54.       China: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 55.       India: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 56.       Japan: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 57.       South Korea: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 58.       Rest of APAC: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 59.       MEA: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.       MEA: Low Speed Vehicle Market Revenue Share, by Type (2019 and 2027)

Figure 61.       MEA: Low Speed Vehicle Market Revenue Share, by Propulsion (2019 and 2027)

Figure 62.       MEA: Low Speed Vehicle Market Revenue Share, by Key Country (2019 and 2027)

Figure 63.       South Africa: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 64.       Saudi Arabia: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 65.       UAE: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 66.       Rest of MEA: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 67.       SAM: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 68.       SAM: Low Speed Vehicle Market Revenue Share, by Type (2019 and 2027)

Figure 69.       SAM: Low Speed Vehicle Market Revenue Share, by Propulsion (2019 and 2027)

Figure 70.       SAM: Low Speed Vehicle Market Revenue Share, by Key Country (2019 and 2027)

Figure 71.       Brazil: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 72.       Argentina: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

Figure 73.       Rest of SAM: Low Speed Vehicle Market – Revenue and Forecast to 2027 (US$ Million)

The List of Companies - Low Speed Vehicle Market

  1. Bintelli Electric Vehicle
  2. Club Car, LLC
  3. Cruise Car, Inc.,
  4. Deere & Company
  5. HDK Co., Ltd.
  6. Moto Electric Vehicles
  7. Polaris Inc.
  8. Textron Specialized Vehicles Inc.
  9. The Toro Company
  10. Yamaha Golf-Car Company
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global low speed vehicle market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global low speed vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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Frequently Asked Questions

The rising smart mobility service adoption, rapid urbanization, and increasing construction industry as well as government incentives to encourage sales of electric vehicles and high awareness regarding nonconventional fuel-driven vehicles in Asia are among the major factors boosting the low speed vehicle market growth in this region.

Over the past few years, electric mobility has been growing at an unprecedented rate across major economies. Due to increasing concerns regarding environmental protection and favorable government policies, the sales figures of electric vehicles has seen an impressive surge in the past decade. Better fuel economy standards and zero & low emission vehicle incentives are some of the measures which are taken to lower the carbon emission level in the environment. This factor is anticipated to provide growth opportunities for the low speed vehicle market during the forecast period of 2020 to 2027.

In 2019, the golf carts segment led the low speed vehicle market by type and it is anticipated to continue its dominance during the forecast period of 2020 to 2027. The golf carts are available in different types, such as gas and electric golf carts. Several communities in countries like United States depend heavily on low-speed electric vehicles to get around.

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