Low Speed Vehicle Market to 2027 - Global Analysis and Forecasts by Type; Propulsion and Geography

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.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global low speed vehicle market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the global low speed vehicle market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

1. Introduction

1.1 Study Scope
1.2 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 Publisher
12.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

Bintelli Electric Vehicle
Club Car, LLC
Cruise Car, Inc.,
Deere & Company
HDK Co., Ltd.
Moto Electric Vehicles
Polaris Inc.
Textron Specialized Vehicles Inc.
The Toro Company
Yamaha Golf-Car Company

Table of Contents

Companies Mentioned

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