Low Speed Electric Vehicle Market By Vehicle Type, By End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

The Low-speed electric vehicle Market is expected to experience a growth rate of 15.1% from 2023-2032 owing to Stringent government rules and regulations towards vehicle emissions across the globe - Allied Market Research

Low Speed Electric Vehicle Market - IMG1

Low-speed electric vehicle runs on an electric motor that requires a constant supply of energy from batteries to operate. There are a variety of batteries used in these vehicles, such as

1) lithium-ion, molten salt, zinc-air, and various nickel-based designs. Low-speed electric vehicles have gained popularity, owing to numerous technological advancements. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission, and reduced maintenance.

The market growth is driven by stringent government rules and regulations toward vehicle emissions and increases in fuel costs. In addition, the rise in pollution, technological advancements, surge in the automobile industry, and decrease in fossil fuel reserves have fuelled the growth in the development and production of low-speed electric vehicles. High vehicle costs and lack of proper charging infrastructure are some of the major restraining factors in this market. Furthermore, proactive government initiatives and technological advancement in electric vehicles ensure lucrative growth opportunities for this market globally. This can be attributed to the rise in the sale of automated vehicles globally. These features offer lucrative opportunities for the low-speed electric vehicle demand globally.

The global low-speed electric vehicle is segmented based on vehicle type, end user, and region. On the basis of vehicle type, the market has been segmented into passenger vehicles, heavy-duty vehicles, utility vehicles, and off-road vehicles. Based on end-users, the market has been bifurcated into golf courses, tourist destinations, hotels and resorts, airports, residential and commercial premises, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the global low-speed electric vehicle market are AGT Electric Cars, Bradshaw Electric Vehicles, Polaris Inc., SpeedwaysElectric, Textron Inc (Textron Specialized Vehicles Inc), HDK Electric Vehicle, Yamaha Motor Co., Ltd, Columbia Vehicle Group Inc, GARIA, and Star EV Corporation.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the low speed electric vehicle market analysis from 2022 to 2032 to identify the prevailing low speed electric vehicle market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the low speed electric vehicle market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global low speed electric vehicle market trends, key players, market segments, application areas, and market growth strategies.

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Upcoming/New Entrant by Regions
New Product Development/ Product Matrix of Key Players
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Vehicle Type

Passenger Vehicles
Heavy Duty Vehicles
Utility Vehicles
Off-Road Vehicles

By End User

Airports
Residential and Commercial Premises
Golf Courses
Tourist Destinations
Hotels and Resorts

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Bradshaw Electric Vehicles, Inc.
Polaris Inc.
GARIA
SpeedwaysElectric
Star EV Corporation
HDK Electric Vehicle
Yamaha Motor Co., Ltd.
AGT Electric Cars
Columbia Vehicle Group Inc.
Textron Inc. (Textron Specialized Vehicles Inc.)

Product Code: A02596

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. High threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. High bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Stringent government rules and regulations towards vehicle emissions
  - 3.4.1.2. Rise in fuel cost
- 3.4.2. Restraints
  - 3.4.2.1. High cost of electric vehicles
  - 3.4.2.2. Lack of proper charging infrastructure
- 3.4.3. Opportunities
  - 3.4.3.1. Improvement in electric vehicles R&D battery technology
  - 3.4.3.2. Proactive government initiatives

CHAPTER 4: LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Passenger Vehicles
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Heavy Duty Vehicles
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Utility Vehicles
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Off-Road Vehicles
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Golf Courses
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Tourist Destinations
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Hotels and Resorts
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Airports
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Residential and Commercial Premises
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country

CHAPTER 6: LOW SPEED ELECTRIC VEHICLE MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Vehicle Type
- 6.2.3. Market size and forecast, by End User
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Vehicle Type
  - 6.2.4.1.2. Market size and forecast, by End User
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Vehicle Type
  - 6.2.4.2.2. Market size and forecast, by End User
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Vehicle Type
  - 6.2.4.3.2. Market size and forecast, by End User
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Vehicle Type
- 6.3.3. Market size and forecast, by End User
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. UK
  - 6.3.4.1.1. Market size and forecast, by Vehicle Type
  - 6.3.4.1.2. Market size and forecast, by End User
  - 6.3.4.2. Germany
  - 6.3.4.2.1. Market size and forecast, by Vehicle Type
  - 6.3.4.2.2. Market size and forecast, by End User
  - 6.3.4.3. France
  - 6.3.4.3.1. Market size and forecast, by Vehicle Type
  - 6.3.4.3.2. Market size and forecast, by End User
  - 6.3.4.4. Russia
  - 6.3.4.4.1. Market size and forecast, by Vehicle Type
  - 6.3.4.4.2. Market size and forecast, by End User
  - 6.3.4.5. Rest of Europe
  - 6.3.4.5.1. Market size and forecast, by Vehicle Type
  - 6.3.4.5.2. Market size and forecast, by End User
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Vehicle Type
- 6.4.3. Market size and forecast, by End User
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Vehicle Type
  - 6.4.4.1.2. Market size and forecast, by End User
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Vehicle Type
  - 6.4.4.2.2. Market size and forecast, by End User
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Vehicle Type
  - 6.4.4.3.2. Market size and forecast, by End User
  - 6.4.4.4. Australia
  - 6.4.4.4.1. Market size and forecast, by Vehicle Type
  - 6.4.4.4.2. Market size and forecast, by End User
  - 6.4.4.5. Southeast Asia
  - 6.4.4.5.1. Market size and forecast, by Vehicle Type
  - 6.4.4.5.2. Market size and forecast, by End User
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Vehicle Type
  - 6.4.4.6.2. Market size and forecast, by End User
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Vehicle Type
- 6.5.3. Market size and forecast, by End User
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Latin America
  - 6.5.4.1.1. Market size and forecast, by Vehicle Type
  - 6.5.4.1.2. Market size and forecast, by End User
  - 6.5.4.2. Middle East
  - 6.5.4.2.1. Market size and forecast, by Vehicle Type
  - 6.5.4.2.2. Market size and forecast, by End User
  - 6.5.4.3. Africa
  - 6.5.4.3.1. Market size and forecast, by Vehicle Type
  - 6.5.4.3.2. Market size and forecast, by End User

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. AGT Electric Cars
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
8.2. Bradshaw Electric Vehicles, Inc.
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
8.3. Columbia Vehicle Group Inc.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
8.4. GARIA
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Key strategic moves and developments
8.5. HDK Electric Vehicle
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
8.6. Polaris Inc.
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
8.7. SpeedwaysElectric
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
8.8. Star EV Corporation
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Key strategic moves and developments
8.9. Textron Inc. (Textron Specialized Vehicles Inc.)
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. Yamaha Motor Co., Ltd.
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments