Neighborhood Electric Vehicle Market Size, Trends, Shares, and Forecast - 2031

MARKET INTRODUCTION

A neighborhood electric vehicle is a motor vehicle that is four wheeled and goes top speed ranges from 20kmph to 40kmph along with a unsophisticated vehicle weight rating of less than 1,400 kg. The rules and regulations are shadowed by low speed electric vehicle as per defined by states & federals.

MARKET DYNAMICS

Strict government rules and regulations toward vehicle emission and increase in fuel costs are some of the major factors driving the growth of the neighborhood electric vehicle market. Moreover, rise in pollution, surge in automobile industry, technological advancements, and decrease in fossil fuel reserves are some of the other factors anticipated to boost the growth of the market

MARKET SCOPE

The "Global Neighborhood Electric Vehicle Market Analysis to 2031" is a specialized and in-depth study of the neighborhood electric vehicle market with a special focus on the global market trend analysis. The report aims to provide an overview of neighborhood electric vehicle market with detailed market segmentation by type, power output, application. The global neighborhood electric vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neighborhood electric vehicle market players and offers key trends and opportunities in the neighborhood electric vehicle market.

MARKET SEGMENTATION

The global neighborhood electric vehicle market is segmented on the basis of type, power output, application. On the basis of type, the market is segmented as commercial turf and industrial utility vehicle, golf cart, personal mobility vehicle. On the basis of power output, the market is segmented as less than 8 kw, 8-15 kw, greater than 15 kw. On the basis of application, the market is segmented as golf courses, hotels and resorts, airports, industrial facilities.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neighborhood electric vehicle market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The neighborhood electric vehicle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting neighborhood electric vehicle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the neighborhood electric vehicle market in these regions.

MARKET PLAYERS

The reports cover key developments in the neighborhood electric vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from neighborhood electric vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for neighborhood electric vehicle market. Below mentioned is the list of few companies engaged in the neighborhood electric vehicle market.

The report also includes the profiles of key neighborhood electric vehicle market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   AGT Electric Cars
  
•   American Landmaster
  
•   Columbia Vehicle Group Inc
  
•   Deere and Company
  
•   Kubota Corporation
  
•   Marshell
  
•   Polaris Inc.
  
•   Textron Inc.
  
•   Yamaha Motor Corporation
  
•   The Toro Company
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Neighborhood Electric Vehicle Report Scope