Lewes, DE -- (SBWire) -- 05/29/2019 --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%.
Global Low Speed Vehicle market size will reach 5674.6 million US$ by 2025, from 3700 million US$ in 2018, at a CAGR of 6.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Low Speed Vehicle.
This industry study presents the global Low Speed Vehicle market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Low Speed Vehicle production, revenue and market share by manufacturers, key regions and type;
The consumption of Low Speed Vehicle in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Byvin Corporation, Yogomo, etc.
The following manufacturers are covered in this report:
Byvin Corporation
Yogomo
Shifeng
Ingersoll Rand
Dojo
Textron
Lichi
Polaris
Yamaha
GreenWheel EV
Xinyuzhou
Renault
Eagle
Tangjun
Low Speed Vehicle Breakdown Data by Type
Electric
Diesel
Gasoline
Low Speed Vehicle Breakdown Data by Application
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars
Other
Low Speed Vehicle Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions
Low Speed Vehicle Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Low Speed Vehicle status and future forecast?involving, production, revenue, consumption, historical and forecast.
To present the key Low Speed Vehicle manufacturers, production, revenue, market share, Recent Development and development plans in next few years.
To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Low Speed Vehicle :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Low Speed Vehicle market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Spanning over 112 pages "Global Low Speed Vehicle Market Insights, Forecast to 2025" report covers Study Coverage, Executive Summary, Market Size by Manufacturers, Low Speed Vehicle Production by Regions, Low Speed Vehicle Consumption by Regions, Market Size by Type, Market Size by Application, Key Industry Players, Entry Strategy for Key Countries, Production Forecasts, Consumption Forecast, Opportunities & Challenges, Threat and Affecting Factors, Key Findings in the Global Low Speed Vehicle Study, Appendix.
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