Abstract, Snapshot, Market Analysis & Market Definition: Low Speed Vehicle Market
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). Attracted by the market profits, more and more companies have entered into low speed vehicle industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of low speed vehicle industry in global market, Ingersoll Rand, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Byvin Corporation, Yogomo, Dojo and Shifeng have obvious large sales market share.
In 2019, the market size of Low Speed Vehicle is 3933.1 million US$ and it will reach 6032.1 million US$ in 2025, growing at a CAGR of 6.3% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Low Speed Vehicle. This report studies the global market size of Low Speed Vehicle, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the Low Speed Vehicle production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
Market Segmentation, Outlook & Regional Insights: Low Speed Vehicle Market
Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:
Electric
Diesel
Gasoline
Segmentation by Application: Breakdown of data from year 2014 to 2019 and forecast until 2025:
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars
Other
Key Players, Recent Developments & Sector Viewpoints: Low Speed Vehicle Market
Byvin Corporation
Yogomo
Shifeng
Ingersoll Rand
Dojo
Textron
Lichi
Polaris
Yamaha
GreenWheel EV
Xinyuzhou
Renault
Eagle
Tangjun
Key Insights Covered: Exhaustive Low Speed Vehicle Market
1. Market size (sales, revenue and growth rate) of Low Speed Vehicle industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Low Speed Vehicle industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Low Speed Vehicle industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Low Speed Vehicle industry.
Research Methodology: Low Speed Vehicle Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.