Rising Trend Toward Leisure Features and Advent of Connected Technologies to Drive Demand
The low speed vehicle market is projected to grow from USD 10.4 billion in 2023 to USD 15.0 billion by 2028, at a CAGR of 7.4%. According to World Bank Statistics, more than 25% of citizens in US are above 60 years and have a separate community where they prefer street-legal vehicles for their daily commute and door-to-door mobility solutions. Also, a country like Japan has more than 28% of the aged population in the country. After the pandemic situation, many tourists have started traveling abroad where it was observed that in 2020 the number of people visiting museums and landmarks was 54 million which grew up to 71 million in 2021. Also, the anticipated growth of LSVs has increased as golf as a sport has noticed higher adoption across North America, Europe & Asian countries. Considering all these factors, LSV is the most preferred vehicle at golf courses, visiting tourist spots, and daily short-distance commutes for the retired community which will drive the market demand under the review period.
The LSVs with <60V batteries are projected to dominate the market.
The standard electric low speed vehicles are installed with six or eight batteries and the voltage could be 36V or 48V. The 48V batteries are mostly preferred for LSV vehicles as they have good vehicle load-carrying capacities up to 4 -6 seating capacities. LSVs with 36V or 48V deliver adequate power & torque and offer a cost advantage as replacing batteries are easy and affordable. These LSVs can perform well on flat & smooth surfaces at golf courses, large resorts, museums, amusement parks, college campuses, etc. They can run on a smooth surface with ~23-28 mph maximum speed. Many businesses have gone online which has led to an increase in mega distribution centers and warehouses globally to cater to public demand, which has boosted the sales of electric commercial turf utility vehicles and industrial utility vehicles which has ultimately increased the demand for high voltage batteries. These factors will boost the demand for lithium-ion batteries for <60V range batteries as they are more efficient and has lower maintenance cost which would keep the market demand upright for this segment in future .
The lithium-ion battery LSVs are expected to be the largest segment for electric LSVs in 2023.
Lithium-ion has the largest market for electric LSVs owing to its advantages such as higher travel range, better weight-to-performance ratio, lower self-discharge time, low maintenance, and less harmful to the environment. Further, falling prices of lithium-ion have attracted US and European OEMs to adopt lithium-ion batteries in LSVs to comply with the strict environmental laws of developed countries and develop green mobility solutions. Most of the LSVs are equipped with lithium-ion batteries and getting electrified due to having a proper charging infrastructure globally. The electric golf cart usually costs around USD 5500 to - USD 6000, whereas the gasoline-based golf cart usually costs USD 700 - USD 1000. Most of the OEMs offer a range of 30 -40 miles of range in full charge whereas in daily use, an electric golf cart runs only 5 - 10 miles a day and it costs very low for charging the vehicle with a better ROI than IC-based LSVs.
Europe is another prominent largest market for low speed vehicles
In Europe, the countries like UK, Germany & France have contributed to the largest market for low speed vehicles. The industrial utility vehicle has the largest market share in the European region, in which <8 kW power output vehicles are mostly preferred in resorts and golf courses due to their excellent torque and performance. Further, government and regional regulatory bodies provide the highest incentives for purchasing electric vehicles to promote clean transport to achieve reduced CO2 emissions in this region.
In Europe, commercial utility vehicle is the fastest growing market due to the increase in warehouse and mega centers. Until 2019, Germany had 140 mega centers which grew by almost 50% Y-o-Y between 2018 & 2019 which promotes demand for these vehicles for load carrying in warehouses. To suffice the demand, many Chinese players are exporting their industrial and commercial utility vehicles to Europe at relatively lower costs.
The break-up of the profile of primary participants in the low speed vehicle market:
- By Company Type: Tier 1 - 40%, Tier 2 -35 %, and Tier 3 - 25%
- By Designation: C Level - 50%, Director Level - 10%, Others-40%
- By Region: North America - 30%, Europe - 00%, Asia Pacific - 60%, Rest of the World - 10%
Prominent companies include Textron Inc. (US), Deere & Company (US), Yamaha Motor Co. Ltd. (Japan), The Toro Company (US), Waev Inc. (US), and Club Car (US) among others.
Research Coverage:
This research report categorizes the LSV market by application (Golf course, hotels and restaurants, airports, industrial facility, and others), by vehicle type (Golf cart, industrial turf utility vehicle, commercial utility vehicle, and personal mobility vehicle), by power output (<8kW, 8 - 15 kW, and >15 kW), by propulsion type (Electric, gasoline, and diesel), by voltage type (<60V, and >60V), by battery (Lithium -ion, and Lead acid), by category type (L6 and L7) and by region (North America, Europe, Asia Pacific, and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the LSV market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, recession impact, and recent developments associated with the LSV market. Competitive analysis of upcoming startups in the LSV market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall LSV market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Need of golf carts and street legal vehicle with autonomous technology for the geriatric population for their daily commute, increasing popularity of golf sports with increase in number of golf courses in US and Asia Pacific region, and increase in charging infrastructure), restraints (High cost of LSVs has lower sales of the vehicles in developing and underdeveloped countries), opportunities (Increase in infrastructure development in real estate, hotel and resort, and rehabilitation in other European countries for the families of Ukraine after Russia war, increase in autonomous vehicle and connected car technology for better experience of the LSV riders, and increase in global tourism sector which has reached to pre pandemic situation), and challenges (Adoption of lithium ion batteries with high density has increased the battery cost compared to lead acid battery, and lack of safety standards followed by the OEMs with LSV body structure design) are influencing the growth of the LSV market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the LSV market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the LSV market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the LSV market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Textron Inc. (US), Deere & Company (US), Club Car (US), The Toro Company (US), and Yamaha Motor Co Ltd (Japan) among others in the LSV market
- The report also helps stakeholders understand the pulse of the automotive micro-mobility market & electric vehicle market by providing them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Product Definition
1.2.1 Inclusions and Exclusions
1.3 Market Scope
Figure 1 Market Segmentation: Low Speed Vehicle Market
1.3.1 Years Considered
1.4 Currency Considered
1.5 Summary of Changes
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Low Speed Vehicle Market: Research Design
Figure 3 Research Methodology Model
2.2 Secondary Data
2.2.1 List of Key Secondary Sources to Estimate Base Numbers and Market Sizing
2.2.2 Key Data from Secondary Sources
2.3 Primary Data
Figure 4 Breakdown of Primary Interviews
2.3.1 Sampling Techniques and Data Collection Methods
2.4 Market Size Estimation
Figure 5 Research Methodology: Hypothesis Building
2.4.1 Bottom-Up Approach
Figure 6 Bottom-Up Approach: Low Speed Vehicle Market, by Vehicle Type and Country
2.4.2 Top-Down Approach
Figure 7 Top-Down Approach: Low Speed Vehicle Market, by Application and Propulsion Type
Figure 8 Low Speed Vehicle Market: Research Design and Methodology
2.4.3 Factor Analysis for Market Sizing: Demand- and Supply-Side
2.5 Factor Analysis
2.6 Market Breakdown and Data Triangulation
Figure 9 Data Triangulation
2.7 Recession Impact Analysis
2.8 Research Assumptions
Table 1 Assumptions
2.9 Research Limitations
3 Executive Summary
3.1 Introduction
3.1.1 Pre- and Post-Recession Scenario
Figure 10 Pre- and Post-Recession Scenario: Low Speed Vehicle Market, 2018-2028 (USD Billion)
3.2 Report Summary
Figure 11 Low Speed Vehicle Market, by Region, 2023 Vs. 2028
4 Premium Insights
4.1 Attractive Opportunities in Low Speed Vehicle Market
Figure 12 Rising Trend Toward Leisure Features and Advent of Connected Technologies to Drive Demand
4.2 Low Speed Vehicle Market, by Vehicle Type
Figure 13 Commercial Utility Vehicles to Hold Largest Market in 2023 (USD Million)
4.3 Low Speed Vehicle Market, by Propulsion
Figure 14 Electric Propulsion to Dominate Market During Forecast Period
4.4 Low Speed Vehicle Market, by Battery Type
Figure 15 Li-Ion Batteries to Hold Largest Market During Forecast Period
4.5 Low Speed Vehicle Market, by Application Type
Figure 16 Golf Courses to Account for Largest Market in 2023
4.6 Low Speed Vehicle Market, by Power Output
Figure 17 <8 Kw to Register Largest Market Share in 2023
4.7 Low Speed Vehicle Market, by Voltage Type
Figure 18 <60 V Segment to Hold Largest Market in 2023
4.8 Low Speed Vehicle Market, by Category Type
Figure 19 L7 Vehicles to Dominate Market in 2023
4.9 Low Speed Vehicle Market, by Region
Figure 20 North America Estimated to Account for Largest Share of Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Low Speed Vehicle Market: Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Geriatric Population
Figure 22 Us: Rise in Population, 65 and Above, 1980-2040
5.2.1.2 Growing Popularity of Golf
Table 2 Total Number of Golf Courses and Clubs, 2022
5.2.1.3 Suitable Electric Vehicle Charging Infrastructure
Figure 23 Number of Ev Charging Stations in US, 2018 Vs. 2025
Figure 24 Number of Charging Stations in Top 10 Countries in Europe, 2022
5.2.2 Restraints
5.2.2.1 High Costs in Developing and Underdeveloped Regions
5.2.3 Opportunities
5.2.3.1 Strong Real Estate and Commercial Sector
5.2.3.2 Development of Autonomous and Connected Technology
Table 3 Oems with Their Connected Technology Features
5.2.3.3 Increased Global Tourism
Figure 25 Travel and Tourism GDP, 2021
5.2.4 Challenges
5.2.4.1 Cost Reduction and Improved Energy Density of Ev Batteries
5.2.4.2 Lack of Safety Standards and Equipment
5.3 Porter's Five Forces Analysis
Table 4 Porter's Five Forces Analysis
Figure 26 Porter's Five Forces
5.3.1 Intensity of Competitive Rivalry
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Threat of New Entrants
5.4 Case Studies
5.4.1 Golf Car Powertrain Nvh Sources and Mitigation Methods
5.4.2 Golf Carts in Retired Communities
5.4.2.1 State and Local Governance Issues
5.4.3 Investigation into Conversion of Fleet of Plug-In-Electric Golf Carts into Solar-Powered Vehicles Using Fuzzy Logic Control
5.4.4 Design and Construction of Autonomous Golf Carts
5.4.5 Autonomous Vehicles for Retirement Communities, Colleges, and School Campuses
5.5 Patent Analysis
5.6 Trade Analysis
5.6.1 Export Data
Table 5 China: Lsv Export Share, by Country (Value%)
Table 6 Us: Lsv Export Share, by Country (Value%)
Table 7 Canada: Lsv Export Share, by Country (Value%)
Table 8 Finland: Lsv Export Share, by Country (Value%)
Table 9 Germany: Lsv Export Share, by Country (Value%)
Table 10 Japan: Lsv Export Share, by Country (Value%)
Table 11 France: Lsv Export Share, by Country (Value%)
Table 12 Uk: Lsv Export Share, by Country (Value%)
Table 13 India: Lsv Export Share, by Country (Value%)
5.6.2 Import Data
Table 14 Us: Lsv Import Share, by Country (Value%)
Table 15 Canada: Lsv Import Share, by Country (Value%)
Table 16 Russia: Lsv Import Share, by Country (Value%)
Table 17 Sweden: Lsv Import Share, by Country (Value%)
Table 18 Netherlands: Lsv Import Share, by Country (Value%)
Table 19 Japan: Lsv Import Share, by Country (Value%)
Table 20 China: Lsv Import Share, by Country (Value%)
Table 21 France: Lsv Import Share, by Country (Value%)
Table 22 Uk: Lsv Import Share, by Country (Value%)
5.7 Impact of Recession on Low Speed Vehicle Market
5.7.1 Introduction
5.7.2 Regional Macroeconomic Overview
5.7.3 Analysis of Key Economic Indicators
Table 23 Key Economic Indicators for Select Countries, 2021-2022
5.7.4 Economic Stagflation (Slowdown) Vs. Economic Recession
5.7.4.1 Europe
Table 24 Europe: Key Economic Indicators, 2021-2023
Table 25 Europe: Key Inflation Indicators, 2021-2023
5.7.4.2 Asia-Pacific
Table 26 Asia-Pacific: Key Economic Indicators, 2021-2023
Table 27 Asia-Pacific: Key Inflation Indicators, 2021-2023
5.7.4.3 Americas
Table 28 Americas: Key Economic Indicators, 2021-2023
Table 29 Americas: Key Inflation Indicators, 2021-2023
5.7.5 Economic Outlook/Projections
Table 30 GDP Growth Projections for Key Countries, 2024-2027 (% Growth)
5.8 Recession Impact on Low Speed Vehicles
5.8.1 Analysis of Golf Cart Sales (Units)
Table 31 Golf Cart Sales, by Region, 2022-2024
5.8.2 Analysis of Commercial Turf Utility Vehicle Sales (Units)
Table 32 Commercial Turf Utility Vehicle Sales, by Region, 2022-2024
5.8.3 Analysis of Industrial Utility Vehicle Sales (Units)
Table 33 Industrial Utility Vehicle Sales, by Region, 2022-2024
5.8.4 Analysis of Personal Mobility Vehicle Sales
Table 34 Personal Mobility Vehicle Sales, by Region, 2022-2024
5.8.5 Impact of Recession on Low Speed Vehicle Market: Scenario Analysis
Figure 27 Low Speed Vehicle Market Scenario, 2018-2028 (USD Million)
5.8.5.1 Most Likely Scenario
Table 35 Low Speed Vehicle Market (Realistic Scenario), by Region, 2018-2028 (USD Million)
5.8.5.2 High Impact Scenario
Table 36 Low Speed Vehicle Market (High Impact Scenario), by Region, 2018-2028 (USD Million)
5.8.5.3 Low Impact Scenario
Table 37 Low Speed Vehicle Market (Low Impact Scenario), by Region, 2018-2028 (USD Million)
5.9 Supply Chain Analysis
Figure 28 Supply Chain Analysis: Low Speed Vehicle Market
5.10 Market Ecosystem
Figure 29 Low Speed Vehicle Market Ecosystem
Table 38 Role of Companies in Low Speed Vehicle Market Ecosystem
5.11 Pricing Analysis
5.11.1 by Region
Table 39 Average Selling Price (ASP), by Region
5.11.2 by Vehicle Type
Table 40 Average Selling Price (ASP), by Vehicle Type
5.12 Regulatory Analysis
5.12.1 North America
Table 41 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2 Europe
Table 42 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.3 Asia-Pacific
Table 43 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.4 Rest of the World
Table 44 Rest of the World: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.5 Regulatory Analysis for Low Speed Vehicles, by Country
5.12.5.1 US
Table 45 Us: List of Regulations for Low Speed Vehicles
5.12.5.2 Canada
Table 46 Canada: List of Regulations for Low Speed Vehicles
5.12.5.3 Europe/Asia-Pacific
Table 47 Europe/Asia-Pacific: List of Regulations for Low Speed Vehicles
5.13 Technology Trend
5.13.1 Shift Toward Electric Vehicles
5.13.2 Advanced Features for Luxury and Safety
5.13.3 Advanced Gps, Sensors, and Radar Systems
5.14 Key Conferences and Events in 2023-2024
Table 48 Low Speed Vehicle Market: Detailed List of Conferences and Events
6 Low Speed Vehicle Market, by Vehicle Type
6.1 Introduction
6.1.1 Industry Insights
Figure 30 Low Speed Vehicle Market, by Vehicle Type, 2023 Vs. 2028 (USD Million)
Table 49 Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 50 Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 51 Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 52 Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
6.2 Golf Carts
6.2.1 Increasing Number of Registrations and Investments
Table 53 Golf Carts Market, by Region, 2018-2022 (Units)
Table 54 Golf Carts Market, by Region, 2023-2028 (Units)
Table 55 Golf Carts Market, by Region, 2018-2022 (USD Million)
Table 56 Golf Carts Market, by Region, 2023-2028 (USD Million)
6.3 Commercial Turf Utility Vehicles
6.3.1 High Demand Across Hotels and Resorts Worldwide
Table 57 Commercial Turf Utility Vehicles Market, by Region, 2018-2022 (Units)
Table 58 Commercial Turf Utility Vehicles Market, by Region, 2023-2028 (Units)
Table 59 Commercial Turf Utility Vehicles Market, by Region, 2018-2022 (USD Million)
Table 60 Commercial Turf Utility Vehicles Market, by Region, 2023-2028 (USD Million)
6.4 Industrial Utility Vehicles
6.4.1 Heavy Demand in Construction Sector
Table 61 Industrial Utility Vehicles Market, by Region, 2018-2022 (Units)
Table 62 Industrial Utility Vehicles Market, by Region, 2023-2028 (Units)
Table 63 Industrial Utility Vehicles Market, by Region, 2018-2022 (USD Million)
Table 64 Industrial Utility Vehicles Market, by Region, 2023-2028 (USD Million)
6.5 Personal Mobility Vehicles
6.5.1 Termed as Neighborhood Vehicles Due to Ease of Use
Table 65 Personal Mobility Vehicles Market, by Region, 2018-2022 (Units)
Table 66 Personal Mobility Vehicles Market, by Region, 2023-2028 (Units)
Table 67 Personal Mobility Vehicles Market, by Region, 2018-2022 (USD Million)
Table 68 Personal Mobility Vehicles Market, by Region, 2023-2028 (USD Million)
7 Low Speed Vehicle Market, by Power Output
7.1 Introduction
7.1.1 Industry Insights
Figure 31 Low Speed Vehicle Market, by Power Output, 2023 Vs. 2028 (USD Million)
Table 69 Low Speed Vehicle Market, by Power Output, 2018-2022 (Units)
Table 70 Low Speed Vehicle Market, by Power Output, 2023-2028 (Units)
Table 71 Low Speed Vehicle Market, by Power Output, 2018-2022 (USD Million)
Table 72 Low Speed Vehicle Market, by Power Output, 2023-2028 (USD Million)
7.2 <8 Kw
7.2.1 Rising Demand in Low Seating Golf Carts
Table 73 <8 Kw: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 74 <8 Kw: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 75 <8 Kw: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 76 <8 Kw: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
7.3 8 -15 Kw
7.3.1 Increased Usage in Hospitality Sector
Table 77 8 -15 Kw: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 78 8 -15 Kw: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 79 8 -15 Kw: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 80 8 -15 Kw: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
7.4 >15 Kw
7.4.1 Rising Demand from Major Industries
Table 81 >15 Kw: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 82 >15 Kw: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 83 >15 Kw: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 84 >15 Kw: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
8 Low Speed Vehicle Market, by Battery Type
8.1 Introduction
8.1.1 Industry Insights
Figure 32 Low Speed Vehicle Market, by Battery Type, 2023 Vs. 2028 (USD Million)
Table 85 Low Speed Vehicle Market, by Battery Type, 2018-2022 (Units)
Table 86 Low Speed Vehicle Market, by Battery Type, 2023-2028 (Units)
Table 87 Low Speed Vehicle Market, by Battery Type, 2018-2022 (USD Million)
Table 88 Low Speed Vehicle Market, by Battery Type, 2023-2028 (USD Million)
8.2 Lithium-Ion Batteries (Li-Ion)
8.2.1 Offers Nearly 100% Efficiency in Charge and Discharge
Table 89 Lithium-Ion Batteries Market, by Region, 2018-2022 (Units)
Table 90 Lithium-Ion Batteries Market, by Region, 2023-2028 (Units)
Table 91 Lithium-Ion Batteries Market, by Region, 2018-2022 (USD Million)
Table 92 Lithium-Ion Batteries Market, by Region, 2023-2028 (USD Million)
8.3 Lead-Acid Batteries
8.3.1 Suffers from Peukert Effect
Table 93 Lead-Acid Batteries Market, by Region, 2018-2022 (Units)
Table 94 Lead-Acid Batteries Market, by Region, 2023-2028 (Units)
Table 95 Lead-Acid Batteries Market, by Region, 2018-2022 (USD Million)
Table 96 Lead-Acid Batteries Market, by Region, 2023-2028 (USD Million)
9 Low Speed Vehicle Market, by Application
9.1 Introduction
9.1.1 Industry Insights
Figure 33 Low Speed Vehicle Market, by Application, 2023 Vs. 2028 (USD Million)
Table 97 Low Speed Vehicle Market, by Application, 2018-2022 (Units)
Table 98 Low Speed Vehicle Market, by Application, 2023-2028 (Units)
Table 99 Low Speed Vehicle Market, by Application, 2018-2022 (USD Million)
Table 100 Low Speed Vehicle Market, by Application, 2023-2028 (USD Million)
9.2 Golf Courses
9.2.1 Development of New Golf Courses
Table 101 Golf Courses: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 102 Golf Courses: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 103 Golf Courses: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 104 Golf Courses: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
9.3 Hotels and Resorts
9.3.1 Investments in Hospitality Sector
Table 105 Hotels and Resorts: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 106 Hotels and Resorts: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 107 Hotels and Resorts: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 108 Hotels and Resorts: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
9.4 Airports
9.4.1 Rising Passenger and Cargo Traffic
Table 109 Airports: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 110 Airports: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 111 Airports: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 112 Airports: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
9.5 Industrial Facilities
9.5.1 Growth of Construction and Manufacturing Sector
Table 113 Industrial Facilities: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 114 Industrial Facilities: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 115 Industrial Facilities: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 116 Industrial Facilities: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
9.6 Other Applications
Table 117 Other Applications: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 118 Other Applications: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 119 Other Applications: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 120 Other Applications: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
10 Low Speed Vehicle Market, by Propulsion
10.1 Introduction
10.1.1 Industry Insights
Figure 34 Low Speed Vehicle Market, by Propulsion, 2023 Vs. 2028 (USD Million)
Table 121 Low Speed Vehicle Market, by Propulsion, 2018-2022 (Units)
Table 122 Low Speed Vehicle Market, by Propulsion, 2023-2028 (Units)
Table 123 Low Speed Vehicle Market, by Propulsion Type, 2018-2022 (USD Million)
Table 124 Low Speed Vehicle Market, by Propulsion Type, 2023-2028 (USD Million)
10.2 Electric
10.2.1 Increased Infrastructure Facilities for Electric Propulsion
Table 125 Electric: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 126 Electric: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 127 Electric: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 128 Electric: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
10.3 Gasoline
10.3.1 Available at Lower Costs Than Electric Models
Table 129 Gasoline: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 130 Gasoline: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 131 Gasoline: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 132 Gasoline: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
10.4 Diesel
10.4.1 Higher Torque, Power, and Operations
Table 133 Diesel: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 134 Diesel: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 135 Diesel: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 136 Diesel: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
11 Low Speed Vehicle (L6 and L7) Market, by Category
11.1 Introduction
Figure 35 Low Speed Vehicle (L6 and L7) Market, by Category, 2023 Vs. 2028 (USD Million)
Table 137 Low Speed Vehicle (L6 and L7) Market, by Category, 2018-2022 (Units)
Table 138 Low Speed Vehicle (L6 and L7) Market, by Category, 2023-2028 (Units)
Table 139 Low Speed Vehicle (L6 and L7) Market, by Category, 2018-2022 (USD Million)
Table 140 Low Speed Vehicle (L6 and L7) Market, by Category, 2023-2028 (USD Million)
11.2 L7 Vehicles
11.2.1 Higher Demand from Japan, China, US, and Europe
Table 141 L7 Vehicles: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 142 L7 Vehicles: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 143 L7 Vehicles: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 144 L7 Vehicles: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
11.3 L6 Vehicles
11.3.1 Investments in Golf and Hospitality Sector to Drive Demand
Table 145 L6 Vehicles: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 146 L6 Vehicles: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 147 L6 Vehicles: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 148 L6 Vehicles: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
12 Low Speed Vehicle Market, by Voltage Type
12.1 Introduction
12.1.1 Industry Insights
Figure 36 Low Speed Vehicle Market, by Voltage, 2023 Vs. 2028 (USD Million)
Table 149 Low Speed Vehicle Market, by Voltage, 2018-2022 (Units)
Table 150 Low Speed Vehicle Market, by Voltage, 2023-2028 (Units)
Table 151 Low Speed Vehicle Market, by Voltage Type, 2018-2022 (USD Million)
Table 152 Low Speed Vehicle Market, by Voltage Type, 2023-2028 (USD Million)
12.2 <60 V
12.2.1 Used at Golf Courses, Resorts, Malls, and Other Public Places
Table 153 <60 V: Low Speed Vehicles Market, by Region, 2018-2022 (Units)
Table 154 <60 V: Low Speed Vehicles Market, by Region, 2023-2028 (Units)
Table 155 <60 V: Low Speed Vehicles Market, by Region, 2018-2022 (USD Million)
Table 156 <60 V: Low Speed Vehicles Market, by Region, 2023-2028 (USD Million)
12.3 >60 V
12.3.1 Higher Range and Efficiency with Active Investments from Oems
Table 157 >60 V: Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 158 >60 V: Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 159 >60 V: Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 160 >60 V: Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
13 Low Speed Vehicle Market, by Region
13.1 Introduction
Figure 37 Industry Insights
Figure 38 Low Speed Vehicle Market, by Region, 2023 Vs. 2028 (USD Million)
Table 161 Low Speed Vehicle Market, by Region, 2018-2022 (Units)
Table 162 Low Speed Vehicle Market, by Region, 2023-2028 (Units)
Table 163 Low Speed Vehicle Market, by Region, 2018-2022 (USD Million)
Table 164 Low Speed Vehicle Market, by Region, 2023-2028 (USD Million)
13.2 Asia-Pacific
Figure 39 Asia-Pacific: Low Speed Vehicle Market, 2023 Vs. 2028 (USD Million)
Table 165 Asia-Pacific: Low Speed Vehicle Market, by Country, 2018-2022 (Units)
Table 166 Asia-Pacific: Low Speed Vehicle Market, by Country, 2023-2028 (Units)
Table 167 Asia-Pacific: Low Speed Vehicle Market, by Country, 2018-2022 (USD Million)
Table 168 Asia-Pacific: Low Speed Vehicle Market, by Country, 2023-2028 (USD Million)
13.2.1 China
13.2.1.1 Development of Affordable and Easy-To-Maintain Models
Table 169 China: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 170 China: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 171 China: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 172 China: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.2 India
13.2.2.1 Launch of New Models by Domestic Players
Table 173 India: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 174 India: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 175 India: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 176 India: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.3 Japan
13.2.3.1 High Demand for Industrial Utility Vehicles
Table 177 Japan: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 178 Japan: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 179 Japan: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 180 Japan: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.4 South Korea
13.2.4.1 High Growth Opportunities in Tourism Sector
Table 181 South Korea: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 182 South Korea: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 183 South Korea: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 184 South Korea: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.5 Thailand
13.2.5.1 Affordable Golfing Options
Table 185 Thailand: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 186 Thailand: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 187 Thailand: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 188 Thailand: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.6 Indonesia
13.2.6.1 High Demand for Golf Courses
Table 189 Indonesia: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 190 Indonesia: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 191 Indonesia: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 192 Indonesia: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.7 Vietnam
13.2.7.1 Blue-Chip Tournaments and Events
Table 193 Vietnam: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 194 Vietnam: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 195 Vietnam: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 196 Vietnam: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.2.8 Philippines
13.2.8.1 Growing Golfers Community
Table 197 Philippines: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 198 Philippines: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 199 Philippines: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 200 Philippines: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.3 North America
Figure 40 North America: Low Speed Vehicle Market Snapshot
Table 201 North America: Low Speed Vehicle Market, by Country, 2018-2022 (Units)
Table 202 North America: Low Speed Vehicle Market, by Country, 2023-2028 (Units)
Table 203 North America: Low Speed Vehicle Market, by Country, 2018-2022 (USD Million)
Table 204 North America: Low Speed Vehicle Market, by Country, 2023-2028 (USD Million)
13.3.1 US
13.3.1.1 Rising Demand for Zero-Emission Vehicles
Table 205 Us: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 206 Us: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 207 Us: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 208 Us: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.3.2 Mexico
13.3.2.1 Demand from Growing Hospitality Sector
Table 209 Mexico: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 210 Mexico: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 211 Mexico: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 212 Mexico: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.3.3 Canada
13.3.3.1 Developments in Golf Industry
Table 213 Canada: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 214 Canada: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 215 Canada: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 216 Canada: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.4 Europe
Figure 41 Europe: Low Speed Vehicle Market Snapshot
Table 217 Europe: Low Speed Vehicle Market, by Country, 2018-2022 (Units)
Table 218 Europe: Low Speed Vehicle Market, by Country, 2023-2028 (Units)
Table 219 Europe: Low Speed Vehicle Market, by Country, 2018-2022 (USD Million)
Table 220 Europe: Low Speed Vehicle Market, by Country, 2023-2028 (USD Million)
13.4.1 UK
13.4.1.1 Increased Demand for Commercial Turf Utility Vehicles
Table 221 Uk: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 222 Uk: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 223 Uk: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 224 Uk: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.4.2 France
13.4.2.1 Growing Popularity of Golf
Table 225 France: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 226 France: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 227 France: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 228 France: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.4.3 Germany
13.4.3.1 Rising Demand for Golf Carts and Turf Utility Vehicles
Table 229 Germany: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 230 Germany: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 231 Germany: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 232 Germany: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.4.4 Nordic Countries
13.4.4.1 Growing Focus on Green and Zero-Emission Environment
Table 233 Nordic: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 234 Nordic: Low Speed Vehicle Market, by Vehicle Type, 2023-2027 (Units)
Table 235 Nordic: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 236 Nordic: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.4.5 Italy
13.4.5.1 Growth of Tourism Activities
Table 237 Italy: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 238 Italy: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 239 Italy: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 240 Italy: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.4.6 Spain
13.4.6.1 Increasing Golf Popularity
Table 241 Spain: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 242 Spain: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 243 Spain: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 244 Spain: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.5 Rest of the World (Row)
Figure 42 Rest of the World: Low Speed Vehicle Market, 2023 Vs. 2028 (USD Million)
Table 245 Rest of the World: Low Speed Vehicle Market, by Country, 2018-2022 (Units)
Table 246 Rest of the World: Low Speed Vehicle Market, by Country, 2023-2028 (Units)
Table 247 Rest of the World: Low Speed Vehicle Market, by Country, 2018-2022 (USD Million)
Table 248 Rest of the World: Low Speed Vehicle Market, by Country, 2023-2028 (USD Million)
13.5.1 South Africa
13.5.1.1 Lsvs Used for Commuting in Tourist Landscapes
Table 249 South Africa: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 250 South Africa: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 251 South Africa: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 252 South Africa: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.5.2 Brazil
13.5.2.1 Excellent Golf Travel Spot
Table 253 Brazil: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 254 Brazil: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 255 Brazil: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 256 Brazil: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
13.5.3 Iran
13.5.3.1 Significant Demand for Lsvs from Tourism Sector
Table 257 Iran: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (Units)
Table 258 Iran: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (Units)
Table 259 Iran: Low Speed Vehicle Market, by Vehicle Type, 2018-2022 (USD Million)
Table 260 Iran: Low Speed Vehicle Market, by Vehicle Type, 2023-2028 (USD Million)
14 Competitive Landscape
14.1 Overview
14.2 Low Speed Vehicle Manufacturers Share Analysis, 2022
Figure 43 Low Speed Vehicle Market Share Analysis, 2022
14.2.1 Market Ranking - Golf Cart Battery Manufacturers
Table 261 Golf Cart Battery Manufacturers: Market Ranking
14.2.2 List of Key Players - Golf Cart Motor Manufacturers
Table 262 Golf Cart Motor Manufacturers: List of Key Suppliers
14.2.3 List of Key Players - Golf Cart Connected Service Providers
Table 263 Golf Cart Connected Service Providers: List of Major Key Players
14.2.4 Model-Wise Price List - Golf Carts
Table 264 Low Speed Vehicle, Model-Wise Price List, 2022
14.3 Revenue Analysis of Top Listed/Public Players (Low Speed Vehicle), 2022
Figure 44 Revenue Analysis of Top Listed/Public Players, 2020-2028
14.4 Company Evaluation Quadrant (Low Speed Vehicle Suppliers)
14.4.1 Stars
14.4.2 Emerging Leaders
14.4.3 Pervasive Players
14.4.4 Participants
Figure 45 Competitive Evaluation Matrix (Low Speed Vehicle Market Manufacturers), 2022
14.5 Competitive Evaluation Matrix for Golf Cart Manufacturers, 2022
14.5.1 Stars
14.5.2 Emerging Leaders
14.5.3 Pervasive Players
14.5.4 Participants
Figure 46 Competitive Evaluation Matrix (Sme and Key Startup Companies), 2022
Figure 47 Companies Adopted New Product Developments and Expansions as Key Growth Strategies, 2019-2022
14.6 Competitive Scenario
14.6.1 Product Launches
14.7 Product Launches, 2022-2023
Table 265 Product Launches
14.8 Deals
Table 266 Deals, 2022-2023
14.9 Other Developments, 2022-2023
Table 267 Other Developments, 2019-2022
14.10 Right to Win
Table 268 Key Growth Strategies, 2019-2022
14.11 Competitive Benchmarking
14.11.1 Low-Speed Vehicles
Table 269 Low Speed Vehicles: Competitive Benchmarking of Key Players
14.11.2 Golf Cart Manufacturers
Table 270 Golf Cart Manufacturers: List of Key Startups/Smes
15 Company Profiles
15.1 Key Players
(Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
15.1.1 Textron Inc.
Table 271 Textron Inc.: Business Overview
Figure 48 Textron Inc.: Company Snapshot
Table 272 Textron Inc: Products Offered
Table 273 Textron Inc.: New Product Developments
Table 274 Textron Inc.: Deals
15.1.2 Deere & Company
Table 275 Deere & Company: Business Overview
Figure 49 Deere & Company: Company Snapshot
Table 276 Deere & Company: Products Offered
Table 277 Deere & Company: New Product Developments
Table 278 Deere & Company: Deals
Table 279 Deere & Company: Other Developments
15.1.3 Yamaha Motor Co. Ltd.
Table 280 Yamaha Motor Co. Ltd.: Business Overview
Figure 50 Yamaha Motor Co. Ltd.: Company Snapshot
Table 281 Yamaha Motor Co. Ltd.: Products Offered
Table 282 Yamaha Motor Co. Ltd.: New Product Developments
Table 283 Yamaha Motor Co. Ltd.: Deals
Table 284 Yamaha Motor Co. Ltd.: Other Developments
15.1.4 the Toro Company
Table 285 the Toro Company: Business Overview
Figure 51 the Toro Company: Company Snapshot
Table 286 the Toro Company: Products Offered
Table 287 the Toro Company: New Product Developments
Table 288 the Toro Company: Deals
Table 289 the Toro Company: Other Developments
15.1.5 Kubota Corporation
Table 290 Kubota Corporation: Business Overview
Figure 52 Kubota Corporation: Company Snapshot
Table 291 Kubota Corporation: Products Offered
Table 292 Kubota Corporation: New Product Developments
Table 293 Kubota Corporation: Other Developments
15.1.6 Club Car
Table 294 Club Car: Business Overview
Table 295 Club Car: Products Offered
Table 296 Club Car: New Product Developments
Table 297 Club Car: Deals
15.1.7 American Landmaster
Table 298 American Landmaster: Business Overview
Table 299 American Landmaster: Products Offered
Table 300 American Landmaster: New Product Developments
15.1.8 Columbia Vehicle Group Inc.
Table 301 Columbia Vehicle Group Inc.: Business Overview
Table 302 Columbia Vehicle Group Inc.: Products Offered
Table 303 Columbia Vehicle Group Inc.: New Product Developments
Table 304 Columbia Vehicle Group Inc.: Deals
15.1.9 Waev Inc.
Table 305 Waev Inc.: Business Overview
Table 306 Waev Inc.: Products Offered
Table 307 Waev Inc.: New Product Developments
Table 308 Waev Inc.: Deals
15.1.10 Suzhou Eagle Electric Vehicle Manufacturing
Table 309 Suzhou Eagle Electric Vehicle Manufacturing: Business Overview
Table 310 Suzhou Eagle Electric Vehicle Manufacturing: Products Offered
15.2 Low Speed Vehicle Market - Additional Players
15.2.1 Agt Electric Cars
Table 311 Agt Electric Cars
15.2.2 Bintelli Electric Vehicle
Table 312 Bintelli Electric Vehicle
15.2.3 Speedways Electric
15.2.4 Marshell Green Power
15.2.5 Garia
15.2.6 Star Ev
15.2.7 Hdk Electric Vehicle
15.2.8 Tropos Motors
15.2.9 Pilot Cars
15.2.10 Moto Electric Vehicles
15.2.11 Acg Inc.
15.2.12 Citecar Electric Vehicles
15.2.13 Cruise Car Inc.
15.2.14 Ligier Group
15.2.15 Kawasaki Motor Corporation US
15.2.16 Bradshaw Electric Vehicles
15.2.17 Autopower
*Details on Business Overview, Products Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
16 Recommendations
16.1 North America to Lead Market
16.2 Key Focus Areas: Safety Features and Electric Vehicles
16.3 Conclusion
17 Appendix
17.1 Insights from Industry Experts
17.2 Product Launches, 2019-2023
Table 313 Other Key Product Launches
17.3 Deals
Table 314 Deals, 2019-2022
17.4 Other Developments, 2019-2022
Table 315 Key Other Developments, 2019-2022
17.5 Discussion Guide
17.6 Customization Options
17.6.1 Global Low Speed Vehicle Market, by Propulsion Type and Country
17.6.1.1 North America (Us, Canada, Mexico)
17.6.1.2 Europe (Uk, France, Germany, Nordic, Italy, Spain)
17.6.1.3 Asia-Pacific (China, India, Japan, South Korea, Thailand)
17.6.2 Global Low Speed Vehicle Market, by Power Output and Country
17.6.2.1 North America (Us, Canada, Mexico)
17.6.2.2 Europe (Uk, France, Germany, Nordic, Italy, and Spain)
17.6.2.3 Asia-Pacific (China, India, Japan, South Korea, and Thailand)
17.6.3 Global Low Speed Vehicle Market, by Product and Country
17.6.3.1 North America (Us, Canada, Mexico)
17.6.3.2 Europe (Uk, France, Germany, Nordic, Italy, and Spain)
17.6.3.3 Asia-Pacific (China, India, Japan, South Korea, and Thailand)
17.6.4 Global Low Speed Vehicle Market, by Seating Capacity and Country
17.6.4.1 North America (Us, Canada, Mexico)
17.6.4.2 Europe (Uk, France, Germany, Nordic, Italy, and Spain)
17.6.4.3 Asia-Pacific (China, India, Japan, South Korea, and Thailand)
17.7 Related Reports
17.8 Knowledgestore: Subscription Portal
17.9 Author Details
Executive Summary
Companies Mentioned
- Acg Inc.
- Agt Electric Cars
- American Landmaster
- Autopower
- Bintelli Electric Vehicle
- Bradshaw Electric Vehicles
- Citecar Electric Vehicles
- Club Car
- Columbia Vehicle Group Inc.
- Cruise Car Inc.
- Deere & Company
- Garia
- Hdk Electric Vehicle
- Kawasaki Motor Corporation US
- Kubota Corporation
- Ligier Group
- Low Speed Vehicle Market - Additional Players
- Marshell Green Power
- Moto Electric Vehicles
- Pilot Cars
- Speedways Electric
- Star Ev
- Suzhou Eagle Electric Vehicle Manufacturing
- Textron Inc.
- The Toro Company
- Tropos Motors
- Waev Inc.
- Yamaha Motor Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 290 |
| Published | April 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 10.4 Billion |
| Forecasted Market Value ( USD | $ 15 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
