The low speed electric vehicle market reached a value of nearly $ 5,980.90 million in 2021, having grown at a compound annual growth rate (CAGR) of 14.27%since 2016. The market is expected to grow from $$5,980.9 million in 2021 to $12,509.98 million in 2026 at a rate of 15.9%. The market is then expected to grow at a CAGR of 13.9% from 2026 and reach $24,010.91 million in 2031.
Growth in the historic period resulted from increasing investments by governments, increasing occurrences of vehicle theft, reducing the cost of electric vehicle (EV) batteries, emerging markets growth and rise in domestic manufacturing. Factors that negatively affected growth in the historic period were longer charging duration, limited battery capacity and coronavirus pandemic.
Going forward, increase in fuel prices, rapid growth in ecommerce, growing demand for autonomous and electric vehicles, urbanization and growing demand for driverless vehicles will drive the growth. Factors that could hinder the growth of the low speed electric vehicle market in the future include high development cost, insufficient standardization of EV charging infrastructure and Russia-Ukraine war.
The low speed electric vehicle market is segmented vehicle type into electric passenger vehicle, electric personal utility vehicle, electric low speed off-road vehicle and electric low speed heavy duty vehicle. The electric low speed off-road vehicle market was the largest segment of the low speed electric vehicle market segmented by vehicle type, accounting for 35.6% of the total in 2021. Going forward, the electric low speed heavy duty vehicle segment is expected to be the fastest-growing segment in the low speed electric vehicle market, at a CAGR of 17.1% during 2021-2026.
The low speed electric vehicle market is also segmented by battery into lithium-ion battery LSEV, lead-acid battery LSEV and others. The lithium-ion battery LSEV market was the largest segment of the low speed electric vehicle market segmented by battery, accounting for 67.8% of the total in 2021. Going forward, other batteries segment is expected to be the fastest-growing segment in the low speed electric vehicle market by battery, at a CAGR of 17.1% during 2021-2026.
The low speed electric vehicle market is also segmented by voltage into 24V, 36V, 48V, 60V and 72V. The 60Vmarket was the largest segment of the low speed electric vehicle market segmented by voltage, accounting for 35.6% of the total in 2021. Going forward, 60V segment is expected to be the fastest-growing segment in the low speed electric vehicle market by voltage, at a CAGR of 15.9% during 2021-2026.
The low speed electric vehicle market is also by application into personal use, commercial use and public utilities. The commercial use market was the largest segment of the low speed electric vehicle market segmented by application, accounting for 82.7% of the total in 2021. Going forward, commercial use segment is expected to be the fastest-growing segment in the low speed electric vehicle market by application, at a CAGR of 16.0% during 2021-2026.
The low speed electric vehicle market is also segmented by end-user into golf courses, hotels and resorts, tourist destinations, airports, residential and commercial premises and others. The gold courses market was the largest segment of the low speed electric vehicle market segmented by end-user, accounting for 29.7% of the total in 2021. Going forward, tourist destinations segment is expected to be the fastest-growing segment in the low speed electric vehicle market by end-user, at a CAGR of 1.0% during 2021-2026.
The Asia-Pacific was the largest region in the global low speed electric vehicle market, accounting for 42.5% of the total in 2021. It was followed by North America, and Western Europe and then the other regions. Going forward, the fastest-growing regions in the low speed electric vehicle market will be Asia-Pacific and Western Europe, where growth will be at CAGRs of 18.8% and 16.1% respectively. These will be followed by North America, and South America where the markets are expected to grow at CAGRs of 14.1% and 9.7% respectively.
The global low speed electric vehicle market is highly fragmented, with a large number of players. The top ten competitors in the market made up to 22.31% of the total market in 2021. Deere & Company was the largest competitor with 8.92% share of the market, followed by Textron Inc with 7.85%, Club Car with 2.08%, The Toro Company with 0.85%, Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd with 0.75%, Tomberlin Automotive Grp with 0.65%, Moto Electric Vehicles with 0.45%, Bradshaw Electric Vehicles with 0.32%, HDK Electric Vehicles with 0.24%, and Speedways Electric with 0.19%.
The top opportunities in the low speed electric vehicle market segmented by vehicle type will arise in the Electric Low Speed Off-Road Vehicle market segment, which will gain $2,424.55 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by battery will arise in the lithium-ion battery segment, which will gain $4,437.05 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by voltage will arise in the 60V segment, which will gain $2,324.21 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by application will arise in the commercial use segment, which will gain $5,426.05 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by end-user will arise in the gold courses segment, which will gain $1,824.58 million of global annual sales by 2026.The low speed electric vehicle market size will gain the most in China at $2,121.58 million.
Market-trend-based strategies for the low speed electric vehicle market include new product launches, technological advancement, use of electric vehicles in logistics, adoption of lithium-ion batteries, and use of 3D printing in electric vehicles. Competitor-based strategies in the low speed electric vehicle market include focus on strategic acquisitions, and focus on launch of new products.
To take advantage of the opportunities, the publisher recommends the low speed electric vehicle companies to focus on unmanned combat vehicles, use 3D printing technology, use artificial intelligence (AI)in defense equipment, focus on use of day/night decamouflage technology, expand in emerging markets, continue to focus on developed markets, increase focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing platforms.
This report describes and explains the low speed electric vehicle market and covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Growth in the historic period resulted from increasing investments by governments, increasing occurrences of vehicle theft, reducing the cost of electric vehicle (EV) batteries, emerging markets growth and rise in domestic manufacturing. Factors that negatively affected growth in the historic period were longer charging duration, limited battery capacity and coronavirus pandemic.
Going forward, increase in fuel prices, rapid growth in ecommerce, growing demand for autonomous and electric vehicles, urbanization and growing demand for driverless vehicles will drive the growth. Factors that could hinder the growth of the low speed electric vehicle market in the future include high development cost, insufficient standardization of EV charging infrastructure and Russia-Ukraine war.
The low speed electric vehicle market is segmented vehicle type into electric passenger vehicle, electric personal utility vehicle, electric low speed off-road vehicle and electric low speed heavy duty vehicle. The electric low speed off-road vehicle market was the largest segment of the low speed electric vehicle market segmented by vehicle type, accounting for 35.6% of the total in 2021. Going forward, the electric low speed heavy duty vehicle segment is expected to be the fastest-growing segment in the low speed electric vehicle market, at a CAGR of 17.1% during 2021-2026.
The low speed electric vehicle market is also segmented by battery into lithium-ion battery LSEV, lead-acid battery LSEV and others. The lithium-ion battery LSEV market was the largest segment of the low speed electric vehicle market segmented by battery, accounting for 67.8% of the total in 2021. Going forward, other batteries segment is expected to be the fastest-growing segment in the low speed electric vehicle market by battery, at a CAGR of 17.1% during 2021-2026.
The low speed electric vehicle market is also segmented by voltage into 24V, 36V, 48V, 60V and 72V. The 60Vmarket was the largest segment of the low speed electric vehicle market segmented by voltage, accounting for 35.6% of the total in 2021. Going forward, 60V segment is expected to be the fastest-growing segment in the low speed electric vehicle market by voltage, at a CAGR of 15.9% during 2021-2026.
The low speed electric vehicle market is also by application into personal use, commercial use and public utilities. The commercial use market was the largest segment of the low speed electric vehicle market segmented by application, accounting for 82.7% of the total in 2021. Going forward, commercial use segment is expected to be the fastest-growing segment in the low speed electric vehicle market by application, at a CAGR of 16.0% during 2021-2026.
The low speed electric vehicle market is also segmented by end-user into golf courses, hotels and resorts, tourist destinations, airports, residential and commercial premises and others. The gold courses market was the largest segment of the low speed electric vehicle market segmented by end-user, accounting for 29.7% of the total in 2021. Going forward, tourist destinations segment is expected to be the fastest-growing segment in the low speed electric vehicle market by end-user, at a CAGR of 1.0% during 2021-2026.
The Asia-Pacific was the largest region in the global low speed electric vehicle market, accounting for 42.5% of the total in 2021. It was followed by North America, and Western Europe and then the other regions. Going forward, the fastest-growing regions in the low speed electric vehicle market will be Asia-Pacific and Western Europe, where growth will be at CAGRs of 18.8% and 16.1% respectively. These will be followed by North America, and South America where the markets are expected to grow at CAGRs of 14.1% and 9.7% respectively.
The global low speed electric vehicle market is highly fragmented, with a large number of players. The top ten competitors in the market made up to 22.31% of the total market in 2021. Deere & Company was the largest competitor with 8.92% share of the market, followed by Textron Inc with 7.85%, Club Car with 2.08%, The Toro Company with 0.85%, Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd with 0.75%, Tomberlin Automotive Grp with 0.65%, Moto Electric Vehicles with 0.45%, Bradshaw Electric Vehicles with 0.32%, HDK Electric Vehicles with 0.24%, and Speedways Electric with 0.19%.
The top opportunities in the low speed electric vehicle market segmented by vehicle type will arise in the Electric Low Speed Off-Road Vehicle market segment, which will gain $2,424.55 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by battery will arise in the lithium-ion battery segment, which will gain $4,437.05 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by voltage will arise in the 60V segment, which will gain $2,324.21 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by application will arise in the commercial use segment, which will gain $5,426.05 million of global annual sales by 2026. The top opportunities in the low speed electric vehicle market segmented by end-user will arise in the gold courses segment, which will gain $1,824.58 million of global annual sales by 2026.The low speed electric vehicle market size will gain the most in China at $2,121.58 million.
Market-trend-based strategies for the low speed electric vehicle market include new product launches, technological advancement, use of electric vehicles in logistics, adoption of lithium-ion batteries, and use of 3D printing in electric vehicles. Competitor-based strategies in the low speed electric vehicle market include focus on strategic acquisitions, and focus on launch of new products.
To take advantage of the opportunities, the publisher recommends the low speed electric vehicle companies to focus on unmanned combat vehicles, use 3D printing technology, use artificial intelligence (AI)in defense equipment, focus on use of day/night decamouflage technology, expand in emerging markets, continue to focus on developed markets, increase focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing platforms.
This report describes and explains the low speed electric vehicle market and covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Table of Contents
1. Executive Summary2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Low Speed Electric Vehicle Market Definition and Segmentations
6.4. Market Segmentation By Vehicle Type
6.5. Market Segmentation By Battery
6.6. Market Segmentation By Voltage
6.7. Market Segmentation By Application
6.8. Market Segmentation By End-User
7. Market Trends And Strategies
7.1. New Product Launches
7.2. Technology Advancements
7.3. Use of Electric Vehicles In Logistics
7.4. Adoption Of Lithium-Ion Batteries
7.5. Use of 3D Printing in Electric Vehicles
8. Global Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.2.2. Longer Charging Duration
8.2.3. Limited Battery Capacity
8.2.4. Restraints On The Market 2016- 2021
8.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021 - 2026
8.3.2. Restraints On The Market 2021 - 2026
9. Low Speed Electric Vehicle Market, Regional Analysis
9.1. Global Low Speed Electric Vehicle Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Low Speed Electric Vehicle Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10. Global Low Speed Electric Vehicle Market Segmentation
10.1. Global Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Low Speed Electric Vehicle Market, Segmentation By Battery, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.3. Global Low Speed Electric Vehicle Market, Segmentation By Voltage, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.4. Global Low Speed Electric Vehicle Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.5. Global Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11. Asia-Pacific Market
11.1.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory Bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.4. Asia-Pacific Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.5. Asia-Pacific Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.6. Asia-Pacific Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.7. Asia Pacific Low Speed Electric Vehicle Market: Country Analysis
11.8. China Market
11.8.1. Summary
11.9. Market Overview
11.9.1. Region Information
11.9.2. Market Information
11.9.3. Background Information
11.9.4. Government Initiatives
11.9.5. Regulations
11.9.6. Regulatory Bodies
11.9.7. Major Associations
11.9.8. Taxes Levied
11.9.9. Corporate Tax Structure
11.9.10. Investments
11.9.11. Major Companies
11.10. China Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.11. China Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.12. China Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.13. China Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.14. India Market
11.15. India Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.16. India Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.17. India Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.18. India Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.19. Japan Market
11.20. Japan Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.21. Japan Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.22. Japan Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.23. Japan Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.24. Australia Market
11.25. Australia Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.26. Australia Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.27. Australia Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.28. Australia Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.29. Indonesia Market
11.30. Indonesia Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.31. Indonesia Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.32. Indonesia Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.33. Indonesia Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.34. South Korea Market
11.35. South Korea Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.36. South Korea Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.37. South Korea Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.38. South Korea Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12. Western Europe Market
12.1.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.4. Western Europe Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.5. Western Europe Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.6. Western Europe Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.7. Western Europe Low Speed Electric Vehicle Market: Country Analysis
12.8. UK Market
12.9. UK Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.10. UK Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.11. UK Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.12. UK Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.13. Germany Market
12.14. Germany Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.15. Germany Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.16. Germany Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.17. Germany Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.18. France Market
12.19. France Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.20. France Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.21. France Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.22. France Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13. Eastern Europe Market
13.1.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Taxes Levied
13.2.8. Corporate Tax Structure
13.2.9. Investments
13.2.10. Major Companies
13.3. Eastern Europe Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.4. Eastern Europe Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.5. Eastern Europe Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.6. Eastern Europe Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.7. Eastern Europe Low Speed Electric Vehicle Market: Country Analysis
13.8. Russia Market
13.9. Russia Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.10. Russia Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.11. Russia Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.12. Russia Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14. North America Market
14.1.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.4. North America Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.5. North America Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.6. North America Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.7. North America Low Speed Electric Vehicle Market: Country Analysis
14.8. USA Market
14.8.1. Summary
14.9. Market Overview
14.9.1. Region Information
14.9.2. Market Information
14.9.3. Background Information
14.9.4. Government Initiatives
14.9.5. Regulations
14.9.6. Regulatory Bodies
14.9.7. Major Associations
14.9.8. Taxes Levied
14.9.9. Corporate Tax Structure
14.9.10. Investments
14.9.11. Major Companies
14.10. USA Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.11. USA Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.12. USA Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.13. USA Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15. South America Market
15.1.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.4. South America Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.5. South America Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.6. South America Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.7. South America Low Speed Electric Vehicle Market: Country Analysis
15.8. Brazil Market
15.9. Brazil Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.10. Brazil Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.11. Brazil Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.12. Brazil Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16. Middle East Market
16.1.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
16.4. Middle East Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
16.5. Middle East Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.6. Middle East Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17. Africa Market
17.1.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Low Speed Electric Vehicle Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
17.4. Africa Low Speed Electric Vehicle Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
17.5. Africa Low Speed Electric Vehicle Market, Segmentation By Vehicle Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.6. Africa Low Speed Electric Vehicle Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
18. Global Market Competitive Landscape
19. Company Profiles
19.1. Deere & Company
19.1.1. Company Overview
19.1.2. Products And Services
19.1.3. Business Strategy
19.1.4. Financial Overview
19.2. Textron Inc
19.2.1. Company Overview
19.2.2. Products And Services
19.2.3. Business Strategy
19.2.4. Financial Overview
19.3. Club Car
19.3.1. Company Overview
19.3.2. Products And Services
19.3.3. Business Strategy
19.3.4. Financial Overview
19.4. The Toro Company
19.4.1. Company Overview
19.4.2. Products And Services
19.4.3. Business Strategy
19.4.4. Financial Overview
19.5. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
19.5.1. Company Overview
19.5.2. Products And Services
19.5.3. Business Strategy
19.5.4. Financial Overview
20. Key Mergers And Acquisitions
20.1.1. Geely Automobile Holdings Acquired Renault Group
20.1.2. Club Car Acquired Garia
20.1.3. Kaixin Auto Holdings Acquired Henan Yujie Times Automobile Company Limited
20.1.4. Lords Automotive Acquired Devam Electric Vehicles
20.1.5. Polaris Industries to Acquire WSI Industries
21. Market Opportunities And Strategies
21.1. Global Low Speed Electric Vehicle Market In 2026 - Countries Offering Most New Opportunities
21.2. Global Low Speed Electric Vehicle Market In 2026 - Segments Offering Most New Opportunities
21.3. Global Low Speed Electric Vehicle Market In 2026 - Growth Strategies
21.3.1. Market Trend Based Strategies
21.3.2. Competitor Strategies
22. Low Speed Electric Vehicle Market, Conclusions And Recommendations
22.1. Conclusions
22.2. Recommendations
22.2.1. Product
22.2.2. Place
22.2.3. Price
22.2.4. Promotion
22.2.5. People
23. Appendix
23.1. Market Data Sources
23.2. Research Methodology
23.3. Currencies
23.4. About the Publisher
23.5. Copyright and Disclaimer
Executive Summary
Low Speed Electric Vehicle Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global low speed electric vehicle market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider low speed electric vehicle market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities And Strategies
- Conclusions And Recommendations
- Appendix
Scope
Markets Covered
1) By Type: Electric Passenger Vehicle; Electric Personal Utility Vehicle; Electric Low Speed Off-Road Vehicle; Electric Low Speed Heavy Duty Vehicle2) By Battery: Lithium-Ion Battery LSEV; Lead-Acid Battery LSEV; Other Batteries
3) By Voltage: 24V; 36V; 48V; 60V; 72V
4) By Application: Personal Use; Commercial Use; Public Utilities
5) By End-User: Golf Courses; Hotels And Resorts; Tourist Destinations; Airports; Residential And Commercial Premises; Other End-Users
Companies Mentioned: Deere & Company; Textron Inc.; Club Car; The Toro Company; Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; low speed electric vehicle indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Deere & Company
- Textron Inc.
- Club Car
- The Toro Company
- Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 318 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 5980.9 Million |
| Forecasted Market Value ( USD | $ 24010.91 Million |
| Compound Annual Growth Rate | 14.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
