Goldstein Market
Date of publication: 31 March 2020
Electric Low Speed Vehicle Market Analysis Report by Goldstein Market Intelligence
According to Goldstein Market Intelligence, the global electric low-speed vehicle market is expected to reach USD 7.4 billion by 2024.
According to Goldstein Market Intelligence, global electric low speed vehicle market is expected to reach USD 7.4 billion by 2024 from USD 2.3 billion in 2015, growing at a CAGR of 6.0% over the forecast period through 2024. Aroused need to curb air pollution and growing demand for fuel efficient vehicles are the major factors driving the growth of electric low speed vehicles market. Electric low speed vehicle market segmentation has been carried out on the basis of vehicle type and distribution channel. Golf carts, based on vehicle type, accounted for largest market share with more than 43% in 2015 on the back of rising golf courses and number of airports.
Global electric low speed vehicle market is dominated by North America by 28.0% of total global revenue share in 2015. Asia Pacific witnessed strong growth in past few years with China dominating the region in 2015 in terms for electric LSVs production.

Market Segmentation

On the basis of our in-depth analysis, Global Electric Low Speed Vehicle Market can be segmented as follows:

By Vehicle Type

  • Neighborhood electric vehicles (NEV)
  • Electric golf carts
  • Electric personal utility vehicles
  • Off road electric vehicles
  • Commercial electric vehicles

By End Users

  • Golf courses
  • Airports
  • Hotels and resorts
  • Residential premises
  • Other (Tourist spots etc)

 By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Request for Sample Report: Electric Low-Speed Vehicle Market Report Sample
“Global Electric Low Speed Vehicle Market Outlook 2024” by Goldstein Market Intelligence contains detailed overview of the global electric low speed vehicle market in terms of market segmentation by vehicle type and by distribution channel.
Further, Global Electric Low Speed Vehicle Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Textron Global Electric Motors (GEM), Reva, Zenn Motors, Hitachi Chemicals, Ingersoll Rand, Yamaha motors, Polaris, Star EV, Dongfeng Electric Vehicles Co. Ltd., Bradshaw Electric Vehicles, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global electric low speed vehicle market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
The Report is Available @

About Goldstein Research

Based in the US, Goldstein Market Intelligence currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.
Our analysts working on automotive industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
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