Electric Low Speed Vehicles Market Projected to grow at a CAGR of 15.7% over the Forecast Period 2016-2024

New York, USA, 2018-Aug-27 — /EPR Network/ —According to Goldstein Research, global electric low speed vehicles market estimated at USD 2.3 billion in 2015 which is anticipated to reach a market size of USD 7.4 billion by 2024, growing at a CAGR of 15.7% over the forecast period 2016-2024. Rising demand for low speed and non-polluting electric vehicles in airports, public transportation, hotels and golf courses are the key drivers of the growth of global electric LSV market. Further geographically, global electric low-speed vehicles industry is dominated by North America, with a market share of 28.0% in 2016 and by 2024 the market size is expected to reach USD 2.07 billion.

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Market Segmentation

Global Electric Low Speed Vehicles Market can be segmented as follows:

By Vehicle Type

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  • Off road electric vehicles Market Analysis, 2016-2024
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By End Users

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

By Region

  • North America Electric Low Speed Vehicles Market Analysis, 2016-2024
  • Europe Electric Low Speed Vehicles Market Analysis, 2016-2024
  • Middle East And Africa Electric Low Speed Vehicles Market Analysis, 2016-2024
  • Latin America Electric Low Speed Vehicles Market Analysis, 2016-2024
  • Asia Pacific Electric Low Speed Vehicles Market Analysis, 2016-2024
  • Rest Of The World Electric Low Speed Vehicles Market Analysis, 2016-2024

Global Electric Low Speed Vehicles Market Outlook 2024contains detailed overview of the global electric low speed vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by vehicle type, end user and geography.

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The Global Electric Low Speed Vehicles Market Report encompasses the competitive outlook of major players across the globe that includes the R&D activities, investments, revenue distribution, financial analysis, business strategies and product portfolio. The in-depth analysis of electric low speed vehicles market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global electric low speed vehicles market discussed in the report are: 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.

Further, Global Electric Low Speed Vehicles Market Report encompasses the major trends & growth opportunities, market dynamics and other growth factors. The Electric Low Speed Vehicles Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis and Market Attractiveness. Report also includes the expert analysis which provides complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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