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Global Low Speed Vehicle Market (2020-2025) by Vehicle Type, Power Output, Fuel Used, Application, Geography and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5174489
  • Report
  • November 2020
  • Region: Global
  • 170 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Club Car, LLC
  • Cruise Car, Inc.
  • Deere & Company
  • HDK Co., Ltd.
  • Moto Electric Vehicles
  • Polaris Inc.
Introduction

Low speed vehicles are four wheeled vehicles with speed range of 20-25 miles per hour and GVWR not exceeding 2500 pounds. Typically, these LSVs are used for hunting, golfing, ground keeping, and campus security etc. Hotels, Golf Clubs, Airports are some of the key users of LSVs.

The Global Low Speed Vehicle Market is estimated to be USD 3.9 Bn in 2020 and is expected to reach USD 6.36 Bn by 2025 growing at a CAGR of 8.5%.

The growth of this market is attributed to the increasing geriatric population, growing infrastructure for EV charging and strict emission regulations. The market is hampered due to the lack of safety standards and an absence of fail-safe electric and electronic components used in the LSVs. Advancements in mobility solution, increasing use of connected technologies and use of Lithium-ion batteries will create opportunities for the market.

Market Dynamics

Drivers
  • Increasing Geriatric Population
  • Growing EV charging infrastructure
  • Stringent emission regulations

Restraints
  • Lack of safety standards
  • Absence of fail-proof components

Opportunities
  • Advancements in Mobility Solutions
  • Use of Lithium-ion batteries
  • Connected Vehicle Technology

Segments Covered
By Applications, Hotels and Resorts are estimated to have largest market share, due to an increased spending on leisure, growth of the segment in the recent years etc. The demand from Golf clubs is expected to increase significantly during the forecasted period.
North America is anticipated to have a large market share and is expected to grow significantly during the forecasted period. The growth of the market is attributed to the demand of LSVs in various applications such as Golf clubs, resorts, airports etc.
The Global Low Speed Vehicle Market is segmented based vehicle type, power output, fuel used, application and geography.

Global Low Speed Vehicle Market, By Vehicle Type
  • Introduction
  • Golf Cart
  • Commercial Turf Utility Vehicle
  • Industrial Utility Vehicle
  • Personal Mobility Vehicle

Global Low Speed Vehicle Market, By Power Output
  • Introduction
  • < 8 KW
  • 8 KW–15 KW
  • >15 KW

Global Low Speed Vehicle Market, By Fuel Used
  • Introduction
  • Electric
  • Gasoline
  • Diesel

Global Low Speed Vehicle Market, By Application
  • Introduction
  • Golf Courses
  • Hotels & Resorts
  • Airports
  • Industrial Facilities

Global Low Speed Vehicle Market, By Geography
  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Company Profiles
Some of the companies covered in this report are Bintelli Electric Vehicles, 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.

IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share etc.

Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market.
Tortoise: Companies which are slow in growth, having a long legacy and stable or negative in performance.

Why buy this report?
The report offers a comprehensive evaluation of the Global Low Speed Vehicle Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, a Proprietary competitive positioning tool.

Report Highlights:
  • A complete analysis of the market including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Club Car, LLC
  • Cruise Car, Inc.
  • Deere & Company
  • HDK Co., Ltd.
  • Moto Electric Vehicles
  • Polaris Inc.

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Trends
5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Low Speed Vehicle Market, By Vehicle Type
6.1 Introduction
6.2 Golf Cart
6.3 Commercial Turf Utility Vehicle
6.4 Industrial Utility Vehicle
6.5 Personal Mobility Vehicle
7 Global Low Speed Vehicle Market, By Power Output
7.1 Introduction
7.2 < 8 KW
7.3 8 KW–15 KW
7.4 >15 KW
8 Global Low Speed Vehicle Market, By Fuel Used
8.1 Introduction
8.2 Electric
8.3 Gasoline
8.4 Diesel
9 Global Low Speed Vehicle Market, By Application Type
9.1 Introduction
9.2 Golf Courses
9.3 Hotels & Resorts
9.4 Airports
9.5 Industrial Facilities
10 Global Low Speed Vehicle Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Australia
10.5.5 Rest of APAC
10.6 Middle East and Africa
11 Competitive Landscape
11.1 IGR Competitive Quadrant
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 Mergers & Acquisitions
11.3.2 Agreements, Collaborations, & Partnerships
11.3.3 New Product Launches & Enhancements
11.3.4 Investments & Fundings
12 Company Profiles
12.1 Bintelli Electric Vehicles
12.2 Club Car, LLC
12.3 Cruise Car, Inc.
12.4 Deere & Company
12.5 HDK Co., Ltd.
12.6 Moto Electric Vehicles
12.7 Polaris Inc.
12.8 Textron Specialized Vehicles Inc.
12.9 The Toro Company
12.10 Yamaha Golf-Car Company
13 Appendix
13.1 Questionnaire
Note: Product cover images may vary from those shown
  • Bintelli Electric Vehicles
  • 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
Note: Product cover images may vary from those shown