Global Electric Low Speed Vehicle Market Anticipated to Expand at a CAGR of 15.7% During the Forecast Period 2016-2024

Posted on 2018-09-25 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Sep-25 — /EPR Network/ —According to Goldstein Research, global electric low speed vehicle (LSV) market size is expected to reach USD 7.4 billion from estimated USD 2.3 billion in 2015, growing at a CAGR of 15.7% during the forecast period. The increasing demand for low speed electric vehicle &non-polluting vehicles for in-compound movement such as in hotels, golf courses, airports and others are driving the growth of the market. Further the rise in number of golf courses and construction of new large sites will propel the demand of electric low speed vehicles. Global electric low speed vehicle market segmentation has been carried out on the basis of vehicle type, end users and geography. Geographically, North America accounted for highest market share of +28% which is driven by increasing environmental awareness among the people and high number of golf courses in the region.

Further the government of developing countries such as China, India & Brazil is looking for increase in investments to deploy electric LSV in public transport system.

Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-electric-low-speed-vehicles-lsv-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

Market Segmentation

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 Global Electric Low Speed Vehicle Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe Global Electric Low Speed Vehicle Market (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 Global Electric Low Speed Vehicle Market (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America Global Electric Low Speed Vehicle Market (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific Global Electric Low Speed Vehicle Market (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 (%)}

Browse Full Report: https://www.goldsteinresearch.com/report/global-electric-low-speed-vehicles-lsv-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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

Further, for the in-depth analysis, Global Electric Low Speed Vehicle Market Report encompasses the market 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 industry research report gives us a pinpoint analysis of global electric low speed vehicle market which shows market trends along with market forecast that will help market 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.

Key questions answered in this Global Electric Low Speed Vehicle Report

What is the Global Electric Low Speed Vehicle Market Size by 2024 and what would be the expected growth rate of the market?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the electric low speed vehicle market trends?
What are the factors which are driving this market?
What are the major barriers to electric low speed vehicle market growth?
Who are the key vendors in this market space?
What are the market opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research 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 industry, 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 market research report 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 industry scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Market Segmentation

By Vehicle Type

By End Users

By Region

About Goldstein Research

Matched content

Editor’s pick