Global Low Speed Vehicle Market to Reach 5101.8 Mn US$ by 2024 as per the Latest Research

A low-speed vehicle (LSV) is a legal class of 4-wheel vehicles that have a maximum capable speed typically around 25 mph (40 km/h), and have a minimum capable speed (typically 20 mph (32 km/h)) that allows them to travel on public roads not accessible to all golf carts or neighborhood electric vehicles (NEV).

Attracted by the market profits, more and more companies have entered into low speed vehicle industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of low speed vehicle industry in global market, Ingersoll Rand, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Byvin Corporation, Yogomo, Dojo and Shifeng have obvious large sales market share.

For the fierce competition between suppliers, price and gross margin is expected to decrease further. Global average price of low speed vehicle is predicted to decline 4.25 thousand USD/Unit in the end of 2025, for the manufacturers, gross margin is about 13%~23%.

The worldwide market for Low Speed Vehicle is expected to grow at a CAGR of roughly 6.0% over the next five years, will reach 5101.8 million US$ in 2024, from 3807.1 million US$ in 2019.

Market share of global Low Speed Vehicle industry is dominate by companies like Byvin Corporation, Yogomo, Shifeng, Ingersoll Rand, Dojo, Textron, Lichi, Polaris, Yamaha, GreenWheel EV, Xinyuzhou, Renault, Eagle, Tangjun and others which are profiled in this report as well in terms of Sales, Price, Revenue, Gross Margin and Market Share (2017-2018).

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With the help of 15 chapters spread over 100 pages this report describe Low Speed Vehicle Introduction, product scope, market overview, market opportunities, market risk, and market driving force. Later it provide top manufacturers sales, revenue, and price of Low Speed Vehicle, in 2017 and 2018 followed by regional and country wise analysis of sales, revenue and market share. Added to above, the important forecasting information by regions, type and application, with sales and revenue from 2019 to 2024 is provided in this research report. At last information about Low Speed Vehicle sales channel, distributors, traders, dealers, and research findings completes the global Low Speed Vehicle market research report.

Market Segment by Regions, regional analysis covers:

  • North America (USA, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Columbia, etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers:

  • Electric
  • Diesel
  • Gasoline

Market Segment by Applications, can be divided into

  • Personal Use
  • Public Utilities
  • Golf Cart
  • Sightseeing Cars
  • Other

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Table of Contents

1 Market Overview

2 Manufacturers Profiles

3 Global Low Speed Vehicle Market Competitions, by Manufacturer

4 Global Low Speed Vehicle Market Analysis by Regions

5 North America Low Speed Vehicle by Countries

6 Europe Low Speed Vehicle by Countries

7 Asia-Pacific Low Speed Vehicle by Countries

8 South America Low Speed Vehicle by Countries

9 Middle East and Africa Low Speed Vehicle by Countries

10 Global Low Speed Vehicle Market Segment by Type

11 Global Low Speed Vehicle Market Segment by Application

12 Low Speed Vehicle Market Forecast (2019-2024)

13 Sales Channel, Distributors, Traders and Dealers

14 Research Findings and Conclusion

15 Appendix

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Posted by on Thursday June 20 2019, 7:00 AM EDT. All trademarks acknowledged. Filed under Automotive, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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