Low Speed Electric Vehicles Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
313619 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Low Speed Electric Vehicles market including various factors related to and dependent influencing the market growth.
A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.
Global consumption of low speed electric vehicles surged in the past two years with the good sales of scooters in China market. Global low speed electric vehicles are expected to sales 1.5 million units in 2022 and more than 80% will appear in China market, which exhibits a promising trend of the industry. For the products types, lithium ion batteries based low speed electric vehicles are more favored in USA, Europe and Japan, while lead-acid batteries based products take a large market share in China.
Attracted by the market profits, more and more companies have entered into low speed electric vehicles industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of low speed electric vehicles industry in global market, Textron and Yamaha are the leaders. For another, China suppliers such as Yogomo, Dojo and Shifeng have obvious large sales market share.
Briefly speaking, in the nest short years, low speed electric vehicles industry is still a highly energetic field. It will come true that low speed electric vehicles market holds a CAGR over 10% in the next five years. Price and performance will be the attractive point for consumers. For the fierce competition, consolidation of low speed electric vehicles industry is expected to appear.
Global Low Speed Electric Vehicles market size will reach 9520 million US$ by 2030, from 4790 million US$ in 2020, at a CAGR of 9.0% during the forecast period. In this study, 2022 has been considered as the base year and 2023-2030 as the forecast period to estimate the market size for Low Speed Electric Vehicles.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Low Speed Electric Vehicles market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Low Speed Electric Vehicles market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Low Speed Electric Vehicles market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Low Speed Electric Vehicles Market: The major competitors working in the market are:
, Textron, Yamaha, Polaris, Renault, Garia, Ingersoll Rand, CiEcar Electric Vehicles, Star EV, Melex, Columbia, Yogomo, Dojo, Shifeng, Byvin, Lichi, Baoya, Fulu, Tangjun, Xinyuzhou, GreenWheel EV, Incalu, Kandi, APACHE, Zheren, Eagle, Taiqi
Market by Order Type
Lithium-Ion Battery Low Speed Electric Vehicle
Lead-Acid Battery Low Speed Electric Vehicle
Other (Including nickel-based battery, sodium-sulfur battery, secondary lithium battery, air battery, etc.)
Low Speed Electric Vehicles Data by Application
Personal Use
Golf Course
Public Utilities
Sightseeing
Others
Low Speed Electric Vehicles Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
The information about the Low Speed Electric Vehicles market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Low Speed Electric Vehicles Market Report:
To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
To provide an in-depth analysis of the Low Speed Electric Vehicles market with information on various segment and sub-segments
To provide a regional analysis and global analysis for the Low Speed Electric Vehicles market size and their forecasts
To provide strategic profiles of the key players operating in the Low Speed Electric Vehicles market, their key competencies, and market competition
To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
The impact of COVID-19 pandemic on the Low Speed Electric Vehicles market
Target Audiences for Low Speed Electric Vehicles Market:
Investors
Investment Bankers
Key Consulting Companies and Advisors
Venture Capitalists
Large, Medium-sized, and Small enterprises
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