Global Low Speed Vehicle Market Research Report Information by Power output, Propulsion, Application, and By Region -Industry Forecast Till 2030

An average annual growth rate (CAGR) of 4.82% is predicted for the Global Low Speed Vehicle Market over the next few years. Low-speed cars are small, four-wheeled electric or gas cars that are made to special federal vehicle standards by certified manufacturers. Industrial vehicles, golf carts, and neighborhood electric vehicles are all good examples of low-speed cars that can get people from one place to another quickly. Low-speed cars come in both gas-powered and electric versions right now.

Low-speed EVs could make the transportation business better by offering more options that are safer, more affordable, and more flexible. There is also a push for places, towns, and car-free zones. Electric cars that go slowly can carry both goods and people, which is helpful. Electric low-speed cars that drive themselves can help business because they are safe and flexible. LSVs are safer than other cars, and now that they can drive themselves, electric low-speed vehicles are the best way to get around in many areas. For example, self-driving golf cars have a huge amount of promise to make getting around safely in areas with a lot of people walking and no cars is possible. The car is safer than cars driven by people because it is run by a driverless system.

Market Segmentation

There are three groups in the Low Speed Vehicle Market based on power output: <8 kW, 8-15 kW, and >15 kW.

The Low Speed Vehicle Market is split up by the type of fuel used: gasoline, diesel, and electricity.

Industrial Utility Vehicles, Golf Carts, Personnel Carriers, and Public Transport Vehicles are some of the applications that divide the Low Speed Vehicle Market.

Regional Analysis

In 2022, North America led the Low Speed Vehicle Market in terms of revenue. A low-speed vehicle (LSV) is a type of car that can go up to 25 mph (40 km/h) in North America. Most LSVs are driven by electricity and come with safety features like seat belts, headlights, and turn signals. When people use them, they usually go short distances, like going through residential areas, business parks, and college campuses. LSVs are very popular with retirees who like to drive slowly through retirement towns. In North America, LSVs must follow a number of rules and standards when they are built and when they are used to make sure they follow all the laws that apply.

It is the second biggest market for low-speed cars after North America. Low-speed vehicles, which are also called "neighborhood electric vehicles," are made for short trips in cities and usually have a top speed of 45 kilometers per hour. Most of the time, these cars are electric and put out less pollution than regular gasoline cars. A lot of European countries have rules and rewards for low-speed vehicles to get more people to use them. Some cities, for example, have set up low-emission zones that make it illegal for high-emission cars to operate in certain areas. This might encourage people to choose more environmentally friendly ways to get around, like driving slowly. Several companies in Europe are working hard to make low-speed cars and put them on the market.

Important Players

In the market for low-speed vehicles, there are big names like Polaris Industries Inc., Textron Inc., The Toro Company, Yamaha Golf-Cars, Deere & Company, Kubota Corporation, Columbia Vehicle Group Inc., Club Car, Llc, HDK Electric Vehicles, American Landmaster, and more.

Product Code: MRFR/AM/4042-CR

1 EXECUTIVE SUMMARY

1.1.1 GLOBAL LOW SPEED VEHICLE MARKET, BY POWER OUTPUT
1.1.2 GLOBAL LOW SPEED VEHICLE MARKET, BY PROPULSION
1.1.3 GLOBAL LOW SPEED VEHICLE MARKET, BY APPLICATION
1.1.4 GLOBAL LOW SPEED VEHICLE MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 STRICT GOVERNMENT REGULATIONS FOR EMISSIONS
- 4.2.2 GROWTH IN GREEN VEHICLES
- 4.2.3 INCREASED ADOPTION OF LSV IN BOTH THE PUBLIC AND PRIVATE SECTORS FOR TRANSPORTATION
- 4.2.4 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 HIGH COST OF PRODUCTION
- 4.3.2 LONG RUNNING TIME OF LSVS
- 4.3.3 RESTRAINT IMPACT ANALYSIS
4.4 OPPORTUNITIES
- 4.4.1 INTEGRATION OF AUTONOMOUS TECHNOLOGY
4.5 COVID 19 IMPACT ANALYSIS
- 4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY
- 4.5.2 IMPACT ON GLOBAL LOW SPEED VEHICLE MARKET
  - 4.5.2.1 IMPACT ON SUPPLY CHAIN
  - 4.5.2.2 PRICE VARIATION OF KEY RAW MATERIAL
  - 4.5.2.3 CASH FLOW CONSTRAINTS
  - 4.5.2.4 IMPACT ON IMPORT/EXPORT
- 4.5.3 IMPACT ON PRICING

5 MARKET FACTOR ANALYSIS

5.1 SUPPLY CHAIN ANALYSIS: GLOBAL LOW SPEED VEHICLE MARKET
- 5.1.1 DESIGN AND DEVELOPMENT
- 5.1.2 RAW MATERIAL SUPPLY
- 5.1.3 AUTOMOTIVE COMPONENT/PART SUPPLY
- 5.1.4 DISTRIBUTION
- 5.1.5 END USER
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THE THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 GLOBAL LOW SPEED VEHICLE MARKET, BY POWER OUTPUT

6.1 OVERVIEW
6.2 <8 KW
6.3 8-15 KW
6.4 >15 KW

7 GLOBAL LOW SPEED VEHICLE MARKET, BY PROPULSION

7.1 OVERVIEW
7.2 DIESEL
7.3 ELECTRIC
7.4 GASOLINE

8 GLOBAL LOW SPEED VEHICLE MARKET, BY APPLICATION

8.1 OVERVIEW
8.2 INDUSTRIAL UTILITY VEHICLE
8.3 GOLF CART
8.4 PERSONNEL CARRIER
8.5 PUBLIC TRANSPORT VEHICLE

9 GLOBAL LOW SPEED VEHICLE MARKET, BY REGION

9.1 OVERVIEW
9.2 NORTH AMERICA
- 9.2.1 US
- 9.2.2 CANADA
- 9.2.3 MEXICO
9.3 EUROPE
- 9.3.1 GERMANY
- 9.3.2 U.K.
- 9.3.3 FRANCE
- 9.3.4 SPAIN
- 9.3.5 REST OF EUROPE
9.4 ASIA-PACIFIC
- 9.4.1 CHINA
- 9.4.2 JAPAN
- 9.4.3 INDIA
- 9.4.4 AUSTRALIA
- 9.4.5 REST OFASIA PACIFIC
9.5 REST OF THE WORLD
- 9.5.1 SOUTH AMERICA
- 9.5.2 MIDDLE EAST & AFRICA

10 COMPETITIVE LANDSCAPE

10.1 INTRODUCTION
10.2 COMPETITIVE BENCHMARKING
10.3 MARKET SHARE ANALYSIS, 2021
10.4 KEY DEVELOPMENT IN THE GLOBAL LOW SPEED VEHICLE MARKET
- 10.4.1 PRODUCT LAUNCH/DEVELOPMENT
- 10.4.2 PARTNERSHIP
- 10.4.3 COLLABORATION

11 COMPANY PROFILES

11.1 POLARIS INDUSTRIES INC.
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 TEXTRON INC.
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 THE TORO COMPANY
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 YAMAHA GOLF-CARS
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES
11.5 DEERE & COMPANY
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 KUBOTA CORPORATION
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 COLUMBIA VEHICLE GROUP INC.
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 CLUB CAR, LLC
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 HDK ELECTRIC VEHICLES
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES
11.10 AMERICAN LANDMASTER
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS OFFERED
- 11.10.4 KEY DEVELOPMENTS
- 11.10.5 SWOT ANALYSIS
- 11.10.6 KEY STRATEGIES