Low Speed Vehicle - Global Strategic Business Report

Global Low Speed Vehicle Market to Reach $18.8 Billion by 2030

The global market for Low Speed Vehicle estimated at US$11 Billion in the year 2022, is projected to reach a revised size of US$18.8 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. Below 8 kW, one of the segments analyzed in the report, is projected to record 7.1% CAGR and reach US$6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the 8 - 15 kW segment is readjusted to a revised 7.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 10.4% CAGR

The Low Speed Vehicle market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 14 Featured) -

• American LandMaster
• Club Car LLC
• Deere & Company
• Intimidator Inc.
• Kawasaki Motors Manufacturing Corp., U.S.A.
• Kubota Agricultural Machinery India Pvt. Ltd.
• Ontario Drive & Gear Ltd.
• Polaris Industries, Inc.
• Textron Inc.
• Yamaha Motor Co., Ltd.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year