Summary

Global Low-Speed Electric Vehicle Market Size, Share, and Analysis, By Product (Two-wheelers, Three-wheelers, and Four-wheelers), By Vehicle Type (Passenger LSEV, Heavy-duty LSEV, Utility LSEV, and Off-road LSEV), By Voltage (24V, 36V, 48V, 60V, and 72V), By End-User (Golf Courses, Tourist Destinations, Hotels and Resorts, Airports, Residential and Commercial Premises, and Others), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Global Low-Speed Electric Vehicle Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 6.1 billion and is projected to reach USD 21.5 billion by the completion of 2034.
Low-speed electric vehicle, or LSV, is a compact eco-friendly vehicle, that is designed for short travels at slow speeds. They are powered by rechargeable batteries and electric motors, due to which these vehicles are energy and emission-efficient. These types of vehicles are often used in city or college settings, retirement villages, and vacation spots for several activities such as travel, shopping, or leisurely driving. In addition, due to their limited speed and capabilities, they lack functions that can be seen in regular cars, such as air conditioning or modern safety systems. However, their basic design, low cost, and environmental friendliness make them an appealing choice for certain transportation requirements, thus helping in the growth of sustainable transportation options in different environments.

MARKET HIGHLIGHTS
Global Actuators and Valves Market are projected to reach USD 21.5 billion over the forecast period, as a result of rising environmental concerns and the need for eco-friendly transportation options. In addition, the increasing urban population and government support for electric transportation, and improvements in battery technology are the primary factors responsible for this trend. Moreover, low-speed electric vehicles are becoming highly popular across different industries like tourism and personal transportation due to their affordability and eco-friendly nature. Furthermore, companies are investing in research and development to improve the performance and safety features of these vehicles. Therefore, as consumers become more aware of climate change and air pollution, the market for low-speed electric vehicles is projected to rise, as it provides a practical option for short-distance transportation over traditional vehicles.

Global Low-Speed Electric Vehicle Market Segments:

• By Product
o Two-wheelers
o Three-wheelers
o Four-wheelers
• By Vehicle Type
o Passenger LSEV
o Heavy-duty LSEV
o Utility LSEV
o Off-road LSEV
• By Voltage
o 24V
o 36V
o 48V
o 60V
o 72V
• By End-User
o Golf Courses
o Tourist Destinations
o Hotels and Resorts
o Airports
o Residential and Commercial Premises
o Others

MARKET DYNAMICS
Growth Drivers
Increasing Environmental Awareness to Encourage Growth in the Global Low-Speed Electric Vehicle Market
Developments in EV Technologies Act as a Catalyst for Market Growth
Restraint
Regulatory Challenges in the Global Low-Speed Electric Vehicle Market Will Impact the Growth

Key Players
• Polaris Industries Inc.
• Club Car LLC
• Yamaha Motor Co., Ltd.
• Textron Specialized Vehicles Inc.
• Garia A/S
• Columbia Vehicle Group Inc.
• Melex Ltd.
• Electric Vehicle Systems (EVS)
• Shandong Shifeng (Group) Co., Ltd.
• AGT Electric Cars
• Star EV
• Tomberlin
• Zhidou Electric Vehicle Co., Ltd.
• GEM
• Tropos Motors Europe GmbH
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)



Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA


Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Global Low-Speed Electric Vehicle Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Global Low-Speed Electric Vehicle Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Global Low-Speed Electric Vehicle Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Global Low-Speed Electric Vehicle Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Global Low-Speed Electric Vehicle Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Product
11.3.1.1. Two-Wheelers
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Three-Wheelers
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Four-Wheelers
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Vehicle Type
11.3.2.1.Passenger LSEV
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Heavy Duty LSEV
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Utility LSEV
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Off-Road LSEV
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3. By Voltage
11.3.3.1.24V
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. 36V
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. 48V
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.4. 60V
11.3.3.4.1. By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.5. 72V
11.3.3.5.1. By Value (USD Million) 2024-2034F
11.3.3.5.2.Market Share (%) 2024-2034F
11.3.3.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By End-User
11.3.4.1.Golf Courses
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Tourist Destinations
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Hotels and Resorts
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4. Airports
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.5. Residential and Commercial Premises
11.3.4.5.1.By Value (USD Million) 2024-2034F
11.3.4.5.2. Market Share (%) 2024-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.6. Others
11.3.4.6.1. By Value (USD Million) 2024-2034F
11.3.4.6.2.Market Share (%) 2024-2034F
11.3.4.6.3.Y-o-Y Growth (%) 2024-2034F
12. North America Global Low-Speed Electric Vehicle Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Product
12.3.2.By Vehicle Type
12.3.3.By Voltage
12.3.4.By End-User
12.4. Country
12.4.1.United States
12.4.2. Canada
13. Europe Global Low-Speed Electric Vehicle Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Product
13.3.2.By Vehicle Type
13.3.3.By Voltage
13.3.4.By End-User
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Global Low-Speed Electric Vehicle Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Product
14.3.2.By Vehicle Type
14.3.3.By Voltage
14.3.4. By End-User
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Global Low-Speed Electric Vehicle Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Product
15.3.2.By Vehicle Type
15.3.3.By Voltage
15.3.4.By End-User
15.4. Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Global Low-Speed Electric Vehicle Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Product
16.3.2.By Vehicle Type
16.3.3.By Voltage
16.3.4.By End-User
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Polaris Industries Inc.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Club Car LLC
18.3.Yamaha Motor Co., Ltd.
18.4.Textron Specialized Vehicles Inc.
18.5.Garia A/S
18.6.Columbia Vehicle Group Inc.
18.7.Melex Ltd.
18.8.Electric Vehicle Systems (EVS)
18.9.Shandong Shifeng (Group) Co., Ltd.
18.10.AGT Electric Cars
18.11. Star EV
18.12.Tomberlin
18.13.Zhidou Electric Vehicle Co., Ltd.
18.14.GEM
18.15.Tropos Motors Europe GmbH
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation