Global Low Speed Vehicle Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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Global Low Speed Vehicle Market: By Power Output (<8 kW, 8 kW–15 kW and >15 kW), By Propulsion (Diesel, Electric and Gasoline), By LSV Type (Commercial Turf Utility Vehicles, Golf Carts, Industrial Utility Vehicles and Personnel Carriers) and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)

 

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Description

Global low speed vehicle market report gives comprehensive outlook on low speed vehicle across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of power output, propulsion, LSV type and region. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, themarket report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global low speed vehicle products.

 

Global Low Speed Vehicle Market:

The global low speed vehicle market valued US XX Mn in 2019 and is poised to grow with a CAGR of XX% over 2019-2026. Some of the key factors fueling the market growth include large aging population, integrated mobility of LSVs, stringent emission regulations, increasing demand for eco-friendly vehicles, surge in automobile industry, rise in pollution, decrease in fossil fuel reserves and rising traffic congestion in major cities worldwide. However, lack of safety standards/equipment and developments of fail-safe electronic & electrical components are inhibiting the market growth. In addition, technological improvements and increasing use of lithium-ion batteries in low-speed vehicles provides huge growth opportunity for the market growth.

 

Commercial Turf Utility Vehicles Accounts for Larger Market Revenue Share in Global Low Speed Vehicle Market

Commercial Turf Utility Vehicles accounted for larger revenue share in global low speed vehicle market with a CAGR of XX% and is expected to grow over the forecast years. The end-users of commercial turf utility vehicles comprise sports grounds, both on and off the main campus, and top-quality playing surfaces for sports ranging from rugby and cricket to polo and hockey. With the shifting inclination towards luxury tourism and growing tourism expenditure, particularly in North America and Europe, the demand for commercial turf low-speed vehicles is anticipated to increase.

 

Asia Pacific Accounts for Larger Market Revenue Share in Global Low Speed Vehicle Market

Asia Pacific accounted for larger revenue share in global low speed vehicle market with a CAGR of XX% and is expected to grow over the forecast years. The APAC region held the largest share of the market, followed by EMEA and the Americas respectively. China is the leading adopter of LSEVs internationally and the rising demand for LSEVs in the country is pushing vehicle manufacturers to accept sophisticated technologies to support the launch of new models.

 

Competition Assessment

Key player’s profiles in the global low speed vehicle market include:

  • Club Car (U.S.)
  • Textron, Inc. (U.S.)
  • Deere & Company (U.S.)
  • Polaris Industries, Inc. (U.S.)
  • Yamaha Motor Co., Ltd. (Japan)
  • Kubota Corp. (Japan)
  • Ingersoll-Rand plc (Ireland)
  • Xiamen Dalle Electric Car Co., Ltd. (China)
  • Bradshaw Electric Vehicles (U.K.)
  • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China)
  • Moto Electric Vehicles (U.S.)

 

Global low speed vehicle market is surging owing to strategic alliances by key players for low speed vehicle to meet the demands of the customers in the market. For instance, in September 2017, Textron signed the deal for supply with the Real Club Valderrama, a golf club in Spain to supply 40 units of E-Z-GO RXV ELiTE golf carts.

 

Key Findings of the Report:

 

  • Global low speed vehicle market expanding at significant CAGR over 2020 to 2026 owing to increasing stringent emission regulations to raise demand for low-speed electric vehicles
  • Based on region, Asia Pacific accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

By Power Output

  • <8 kW
  • 8 kW–15 kW
  • >15 kW

By Propulsion

  • Diesel
  • Electric
  • Gasoline

By LSV Type

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

By Geography

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Au & NZ
  • Rest of Europe

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • South Africa
  • Turkey
  • GCC
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

  • Club Car (U.S.)
  • Textron, Inc. (U.S.)
  • Deere & Company (U.S.)
  • Polaris Industries, Inc. (U.S.)
  • Yamaha Motor Co., Ltd. (Japan)
  • Kubota Corp. (Japan)
  • Ingersoll-Rand plc (Ireland)
  • Xiamen Dalle Electric Car Co., Ltd. (China)
  • Bradshaw Electric Vehicles (U.K.)
  • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China)
  • Moto Electric Vehicles (U.S.)
  1. Executive Summary
  2. Global Low Speed Vehicle Market Introduction
    • Global Low Speed Vehicle Market – Taxonomy
    • Global Low Speed Vehicle Market –Definitions
      • Power Output
      • Propulsion
      • LSV Type
  1. Global Low Speed Vehicle Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Low Speed Vehicle Market Dynamic Factors – Impact Analysis
    • Global Low Speed Vehicle Market – Competition Landscape
  2. Global Low Speed Vehicle Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis,2015 – 2019 and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Low Speed Vehicle Market, By Power Output, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • <8 kW
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • 8 kW–15 kW
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • >15 kW
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Low Speed Vehicle Market, By Propulsion, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Diesel 
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electric 
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Gasoline
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Low Speed Vehicle Market, By LSV Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Commercial Turf Utility Vehicles
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Golf Carts
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Industrial Utility Vehicles
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Personnel Carriers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Low Speed Vehicle Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Low Speed Vehicle Market – Opportunity Analysis Index, By Power Output, Propulsion, LSV Type and Region, 2020 – 2026
  2. North America Low Speed Vehicle Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Power Output Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • <8 kW
      • 8 kW–15 kW
      • >15 kW
    • Propulsion Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Diesel
      • Electric
      • Gasoline
    • LSV Type Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Commercial Turf Utility Vehicles
      • Golf Carts
      • Industrial Utility Vehicles
      • Personnel Carriers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Low Speed Vehicle Market – Opportunity Analysis Index, By Power Output, Propulsion, LSV Type and Country, 2020 – 2026
    • North America Low Speed Vehicle Market Dynamics – Trends
  3. Europe Low Speed Vehicle Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Power Output Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • <8 kW
      • 8 kW–15 kW
      • >15 kW
    • Propulsion Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Diesel
      • Electric
      • Gasoline
    • LSV Type Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Commercial Turf Utility Vehicles
      • Golf Carts
      • Industrial Utility Vehicles
      • Personnel Carriers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Europe Low Speed Vehicle Market – Opportunity Analysis Index, By Power Output, Propulsion, LSV Type and Country, 2020 – 2026
    • Europe Low Speed Vehicle Market Dynamics – Trends
  4. Asia-Pacific Low Speed Vehicle Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Power Output Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • <8 kW
      • 8 kW–15 kW
      • >15 kW
    • Propulsion Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Diesel
      • Electric
      • Gasoline
    • LSV Type Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Commercial Turf Utility Vehicles
      • Golf Carts
      • Industrial Utility Vehicles
      • Personnel Carriers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • China
      • Japan
      • India
      • Australia & New Zealand
      • Rest of APAC
    • Asia-Pacific Low Speed Vehicle Market – Opportunity Analysis Index, By Power Output, Propulsion, LSV Type and Country,2020 – 2026
    • Asia-Pacific Low Speed Vehicle Market Dynamics – Trends
  5. Latin America Low Speed Vehicle Market Analysis,2015 – 2019and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Power Output Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • <8 kW
      • 8 kW–15 kW
      • >15 kW
    • Propulsion Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Diesel
      • Electric
      • Gasoline
    • LSV Type Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Commercial Turf Utility Vehicles
      • Golf Carts
      • Industrial Utility Vehicles
      • Personnel Carriers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Argentina
      • Mexico
      • Rest of LATAM
    • Latin America Low Speed Vehicle Market – Opportunity Analysis Index, By Power Output, Propulsion, LSV Type and Country, 2020 – 2026
    • Latin America Low Speed Vehicle Market Dynamics – Trends
  6. Middle East and Africa Low Speed Vehicle Market Analysis, 2015 – 2019and Forecast, 2020 – 2026(Revenue, USD Mn)
    • Power Output Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • <8 kW
      • 8 kW–15 kW
      • >15 kW
    • Propulsion Analysis 2015 – 2019 and Forecast 2020 – 2026by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Diesel
      • Electric
      • Gasoline
    • LSV Type Analysis 2015 – 2019and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Commercial Turf Utility Vehicles
      • Golf Carts
      • Industrial Utility Vehicles
      • Personnel Carriers
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Turkey
      • GCC Countries
      • Rest of MEA
    • MEA Low Speed Vehicle Market – Opportunity Analysis Index, By Power Output, Propulsion, LSV Type and Country, 2020 – 2026
    • MEA Low Speed Vehicle Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Propulsion& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Club Car (U.S.)
      • Textron, Inc. (U.S.)
      • Deere & Company (U.S.)
      • Polaris Industries, Inc. (U.S.)
      • Yamaha Motor Co., Ltd. (Japan)
      • Kubota Corp. (Japan)
      • Ingersoll-Rand plc (Ireland)
      • Xiamen Dalle Electric Car Co., Ltd. (China)
      • Bradshaw Electric Vehicles (U.K.)
      • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China)
      • Moto Electric Vehicles (U.S.)
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

Disclaimer

The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.

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