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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

RnM3946146
10 April, 2020
Global
169 Pages
The Insight Partners
Other

The global low speed vehicle market accounted for US$ 11.98 billion in 2019 and is expected to grow at a CAGR of 4.2% during 2020–2027 to reach US$ 16.46 billion by 2027. With increasing industrialization across the world, the demand for industrial utility vehicles is likely to increase in the coming years. The players have an opportunity to sharpen their focus on low-speed vehicles for myriad industries. This can be achieved by introducing new industrial utility vehicles in the growing economies. Demand for utility vehicles in warehouses will boost the low speed vehicle market growth during the forecast period.
Globally, the low speed vehicle market is experiencing an intense growth with regard to increasing number of government initiatives to promote sustainable transportation and rising construction industry. However, high ownership and maintenance costs may restrain the growth of the low speed vehicle market. Despite these limitations, the growing traction of electric vehicles and technology integration in LSVs will boost the low speed vehicle market growth during the forecast period. APAC held the largest share of the low speed vehicle market in 2019 and is expected to continue its dominance during the forecast period of 2020–2027. North America and Europe held the second and third position in the global low speed vehicle market, respectively, in 2019.
The overall low speed vehicle market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the low speed vehicle market. It also provides the overview and forecast for the global low speed vehicle market based on all the segmentation provided concerning five primary regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the low speed vehicle.

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

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Summary:
Get latest Market Research Reports on Low Speed Vehicle . Industry analysis & Market Report on Low Speed Vehicle is a syndicated market report, published as 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. It is complete Research Study and Industry Analysis of Low Speed Vehicle market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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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

Table Of Content

TABLE OF CONTENTS

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Low Speed Vehicle Market Landscape

5. Low Speed Vehicle Market – Key Market Dynamics

6. Low Speed Vehicle – Global Market Analysis

7. Low Speed Vehicle Market Analysis – By Type

8. Low Speed Vehicle Market – By Propulsion

9. Low Speed Vehicle Market – Geographic Analysis

10. Low Speed Vehicle Market - Industry Landscape

11. Company Profiles

12. Appendix

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