Global Low-speed vehicle Market Insights, Forecast to 2025

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.
Global Low-speed vehicle market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Low-speed vehicle.

This industry study presents the global Low-speed vehicle market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Low-speed vehicle production, revenue and market share by manufacturers, key regions and type;
The consumption of Low-speed vehicle in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Polaris Industries, Textron, etc.

The following manufacturers are covered in this report:
Polaris Industries
Deere & Company
The Toro Company
Yamaha Motor
Club Car
American Landmaster
Ontario Drive & Gear

Low-speed vehicle Breakdown Data by Type
by Vehicle Type
Electric Golf Carts
Electric Personal Utility Vehicles
Off Road Electric Vehicles
Commercial Electric Vehicles
by Propulsion
Low-speed vehicle Breakdown Data by Application
Golf Courses
Hotels And Resorts
Residential Premises

Low-speed vehicle Production by Region
United States
South Korea
Other Regions

Low-speed vehicle Consumption by Region
North America
United States
South Korea
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa

The study objectives are:
To analyze and research the global Low-speed vehicle status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Low-speed vehicle manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers 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 strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
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 :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Low-speed vehicle market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.