Low Speed Vehicle Market: 2018 Global Industry Forecast By Size, Share, Growth, Trends After-sales, Opportunity, And Region

“”Low Speed Vehicle Market”
Low Speed Vehicle Market Analysis From 2018 To 2023 Report provides comprehensive information on Global Low Speed Vehicle Market Size, Share, Trends, Growth, And Region with Forecast To 2023. Low Speed Vehicle is the vehicle have max speed of 40 km/h and minimum speed of 32 km/h.

Low Speed Vehicle Market is categorized by Propulsion (Diesel, Electric, Gasoline), By Vehicle Type (Neighborhood electric vehicles (NEV), Electric golf carts, Electric personal utility vehicles, Off-road electric vehicles and Commercial electric vehicles), By End-users (Golf courses, Airports, Hotels and resorts, Residential premises, Other) And By Region.

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Low Speed Vehicle Market Key Players listed in report:

Polaris Industries (U.S.), Textron (U.S.), Deere & Co. (U.S.), The Toro Company (U.S.), Kubota Corporation (Japan), Yamaha Motor Company Limited (Japan), Club Car (U.S.), Taylor-Dunn (U.S.), American Landmaster (U.S.), Ontario Drive & Gear Ltd. (Canada) and others. 

Market Highlights:

The global low-speed vehicle market has seen remarkable growth in the global market and it has been observed that, its demand in future is expected to grow with the CAGR of 5%. The Global Low Speed Vehicle Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, the global market of low speed will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2023).

The growth of the low-speed vehicles is majorly driven by the increasing pressure from the government for reducing the emission of greenhouse gases. The governments of many developed and developing nations, are taking initiatives for promoting the deployment of electric vehicles, which would further help in reducing the conventional fossil fuel consuming vehicles fleet. The rapidly increasing demand for non-polluting and low-speed electric vehicles by various hotels, airports, public transportation and golf courses, is one of the factors majorly contributing in the growth of global low-speed vehicles market.

The Global Low Speed Vehicle Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Propulsion: Diesel, Electric and Gasoline.

Segmentation by End Users: Golf courses, Airports, Hotels and resorts, Residential premises, other

Segmentation by Vehicle Type: Neighbourhood electric vehicles (NEV), Electric golf carts, Electric personal utility vehicles, Off-road electric vehicles and Commercial electric vehicles

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Regional Outlook:

Geographically, the global low-speed vehicle market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region is expected to grow significantly over the forecast period, owing to the undertaking of a large number of projects of golf courses, which in turn will result in higher demand for new electric golf carts. Also, the undertaking of government initiatives in developing countries such as China, Brazil and India for deployment of low-speed vehicles in public transport, is driving the growth of the market.

Table of Contents:

1 Introduction

1.1 Definition

1.2 Scope Of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Propulsionology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter’s Five Forces Model

4.1.1 Bargaining Power Of Suppliers

4.1.2 Bargaining Power Of Customer

4.1.3 Intensity Of Competitor’s

4.1.4 Threat Of New Entrants

Continued…

List Of Tables:

Table 1 Global Low Speed Vehicle Market: By Region, 2017-2023

Table 2 North America Low Speed Vehicle Market: By Country, 2017-2023

Table 3 Europe Low Speed Vehicle Market: By Country, 2017-2023

Table 4 Asia Pacific Low Speed Vehicle Market: By Country, 2017-2023

Table 5 RoW Low Speed Vehicle Market: By Country, 2017-2023

Continued…

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