Global Low Speed Vehicle Market 2020-2025: Opportunities in Advancements in Mobility Solutions, Use of Lithium-ion batteries, Connected Vehicle Technology - ResearchAndMarkets.com

The "Global Low Speed Vehicle Market 2020-2025 by Vehicle Type, Power Output, Fuel Used, Application, Geography, Impact of COVID-19, Ansoff's Analysis" report has been added to ResearchAndMarkets.com's offering.

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 CAGR of 8.5%.

Growth of the 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 absence of fail-safe electric and electronic components used in the LSVs. Advancements in mobility solution, increasing use of connected technology and use of Lithium-ion batteries will create opportunities in the market.

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

Segments Covered

By Applications, Hotels and Resorts are estimated to have largest market share, due to increased spending on leisure, growth of the segment in the recent years etc. The demand from Golf clubs is expected to increase significantly during forecast period. North America is anticipated to have a large market share and is expected to grow significantly during the forecast period. The growth of the market is attributed to the demand of LSVs in various application 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.

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.

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.

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

Key Topics Covered:

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 Less than 8 Kw

7.3 8 Kw-15 Kw

7.4 More than 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

11 Competitive Landscape

11.1 IGR Competitive Quadrants

11.2 Market Share Analysis

11.3 Competitive Scenario

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

For more information about this report visit https://www.researchandmarkets.com/r/t2bsaw

View source version on businesswire.com: https://www.businesswire.com/news/home/20201103005269/en/