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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%.
According to this study, over the next five years the Low Speed Vehicle market will register a 6.5% CAGR in terms of revenue, the global market size will reach US$ 4967.3 million by 2024, from US$ 3619.5 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Low Speed Vehicle business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Low Speed Vehicle market by product type, application, key manufacturers and key regions and countries.
This study considers the Low Speed Vehicle value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Electric
Diesel
Gasoline
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Byvin Corporation
Yogomo
Shifeng
Ingersoll Rand
Dojo
Textron
Lichi
Polaris
Yamaha
GreenWheel EV
Xinyuzhou
Renault
Eagle
Tangjun
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Low Speed Vehicle consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Low Speed Vehicle market by identifying its various subsegments.
Focuses on the key global Low Speed Vehicle manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Low Speed Vehicle with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Low Speed Vehicle submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global Low Speed Vehicle Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Low Speed Vehicle Consumption 2014-2024
2.1.2 Low Speed Vehicle Consumption CAGR by Region
2.2 Low Speed Vehicle Segment by Type
2.2.1 Electric
2.2.2 Diesel
2.2.3 Gasoline
2.3 Low Speed Vehicle Consumption by Type
2.3.1 Global Low Speed Vehicle Consumption Market Share by Type (2014-2019)
2.3.2 Global Low Speed Vehicle Revenue and Market Share by Type (2014-2019)
2.3.3 Global Low Speed Vehicle Sale Price by Type (2014-2019)
2.4 Low Speed Vehicle Segment by Application
2.4.1 Personal Use
2.4.2 Public Utilities
2.4.3 Golf Cart
2.4.4 Sightseeing Cars
2.4.5 Other
2.5 Low Speed Vehicle Consumption by Application
2.5.1 Global Low Speed Vehicle Consumption Market Share by Application (2014-2019)
2.5.2 Global Low Speed Vehicle Value and Market Share by Application (2014-2019)
2.5.3 Global Low Speed Vehicle Sale Price by Application (2014-2019)
3 Global Low Speed Vehicle by Manufacturers
3.1 Global Low Speed Vehicle Sales Market Share by Manufacturers
3.1.1 Global Low Speed Vehicle Sales by Manufacturers (2017-2019)
3.1.2 Global Low Speed Vehicle Sales Market Share by Manufacturers (2017-2019)
3.2 Global Low Speed Vehicle Revenue Market Share by Manufacturers
3.2.1 Global Low Speed Vehicle Revenue by Manufacturers (2017-2019)
3.2.2 Global Low Speed Vehicle Revenue Market Share by Manufacturers (2017-2019)
3.3 Global Low Speed Vehicle Sale Price by Manufacturers
3.4 Global Low Speed Vehicle Manufacturing Base Distribution, Sales Area, Product Types by Manufacturers
3.4.1 Global Low Speed Vehicle Manufacturing Base Distribution and Sales Area by Manufacturers
3.4.2 Players Low Speed Vehicle Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 Low Speed Vehicle by Regions
4.1 Low Speed Vehicle by Regions
4.1.1 Global Low Speed Vehicle Consumption by Regions
4.1.2 Global Low Speed Vehicle Value by Regions
4.2 Americas Low Speed Vehicle Consumption Growth
4.3 APAC Low Speed Vehicle Consumption Growth
4.4 Europe Low Speed Vehicle Consumption Growth
4.5 Middle East & Africa Low Speed Vehicle Consumption Growth
5 Americas
5.1 Americas Low Speed Vehicle Consumption by Countries
5.1.1 Americas Low Speed Vehicle Consumption by Countries (2014-2019)
5.1.2 Americas Low Speed Vehicle Value by Countries (2014-2019)
5.2 Americas Low Speed Vehicle Consumption by Type
5.3 Americas Low Speed Vehicle Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Low Speed Vehicle Consumption by Countries
6.1.1 APAC Low Speed Vehicle Consumption by Countries (2014-2019)
6.1.2 APAC Low Speed Vehicle Value by Countries (2014-2019)
6.2 APAC Low Speed Vehicle Consumption by Type
6.3 APAC Low Speed Vehicle Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Low Speed Vehicle by Countries
7.1.1 Europe Low Speed Vehicle Consumption by Countries (2014-2019)
7.1.2 Europe Low Speed Vehicle Value by Countries (2014-2019)
7.2 Europe Low Speed Vehicle Consumption by Type
7.3 Europe Low Speed Vehicle Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Low Speed Vehicle by Countries
8.1.1 Middle East & Africa Low Speed Vehicle Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa Low Speed Vehicle Value by Countries (2014-2019)
8.2 Middle East & Africa Low Speed Vehicle Consumption by Type
8.3 Middle East & Africa Low Speed Vehicle Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 Low Speed Vehicle Distributors
10.3 Low Speed Vehicle Customer
11 Global Low Speed Vehicle Market Forecast
11.1 Global Low Speed Vehicle Consumption Forecast (2019-2024)
11.2 Global Low Speed Vehicle Forecast by Regions
11.2.1 Global Low Speed Vehicle Forecast by Regions (2019-2024)
11.2.2 Global Low Speed Vehicle Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global Low Speed Vehicle Forecast by Type
11.8 Global Low Speed Vehicle Forecast by Application
12 Key Players Analysis
12.1 Byvin Corporation
12.1.1 Company Details
12.1.2 Low Speed Vehicle Product Offered
12.1.3 Byvin Corporation Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Byvin Corporation News
12.2 Yogomo
12.2.1 Company Details
12.2.2 Low Speed Vehicle Product Offered
12.2.3 Yogomo Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 Yogomo News
12.3 Shifeng
12.3.1 Company Details
12.3.2 Low Speed Vehicle Product Offered
12.3.3 Shifeng Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 Shifeng News
12.4 Ingersoll Rand
12.4.1 Company Details
12.4.2 Low Speed Vehicle Product Offered
12.4.3 Ingersoll Rand Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 Ingersoll Rand News
12.5 Dojo
12.5.1 Company Details
12.5.2 Low Speed Vehicle Product Offered
12.5.3 Dojo Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 Dojo News
12.6 Textron
12.6.1 Company Details
12.6.2 Low Speed Vehicle Product Offered
12.6.3 Textron Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 Textron News
12.7 Lichi
12.7.1 Company Details
12.7.2 Low Speed Vehicle Product Offered
12.7.3 Lichi Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 Lichi News
12.8 Polaris
12.8.1 Company Details
12.8.2 Low Speed Vehicle Product Offered
12.8.3 Polaris Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.8.4 Main Business Overview
12.8.5 Polaris News
12.9 Yamaha
12.9.1 Company Details
12.9.2 Low Speed Vehicle Product Offered
12.9.3 Yamaha Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.9.4 Main Business Overview
12.9.5 Yamaha News
12.10 GreenWheel EV
12.10.1 Company Details
12.10.2 Low Speed Vehicle Product Offered
12.10.3 GreenWheel EV Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.10.4 Main Business Overview
12.10.5 GreenWheel EV News
12.11 Xinyuzhou
12.12 Renault
12.13 Eagle
12.14 Tangjun
13 Research Findings and Conclusion
List of Tables and Figures
Figure Picture of Low Speed Vehicle
Table Product Specifications of Low Speed Vehicle
Figure Low Speed Vehicle Report Years Considered
Figure M
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