Low Speed Electric Vehicles Market Will Reach 9520 Million US$ by the End of 2025
Low Speed Electric Vehicles Market New Research Report Announced with business priorities in order to assist companies to realign their business strategies.
Los Angeles, CA -- (SBWire) -- 06/06/2019 --This report studies the global Low Speed Electric Vehicles market status and forecast, categorizes the global Low Speed Electric Vehicles market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).
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.
Get PDF Report Template @ https://www.qyresearch.com/sample-form/form/228309/global-low-speed-electric-vehicles-market
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 2021 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.
The global Low Speed Electric Vehicles market is valued at 4790 million US$ in 2017 and will reach 9520 million US$ by the end of 2025, growing at a CAGR of 9.0% during 2018-2025.
The major manufacturers covered in this report
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
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
Other regions (Central & South America, Middle East & Africa)
Get Customized report here : https://www.qyresearch.com/customize-request/form/228309/global-low-speed-electric-vehicles-market
Benefits of Purchasing QY Research Report
Analyst Support: Get you query resolved from our expert analysts before and after purchasing the report
Customer's Satisfaction: Our expert team will assist with all your research needs and customize the report
Inimitable Expertise: Analysts will provide deep insights about the reports
Assured Quality: We focus on the quality and accuracy of the report
About QYResearch
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
Media Relations Contact
Rahul Singh
Director - Digital Marketing
QY Research, Inc.
1-626-295-2442
https://www.qyresearch.com/index/detail/228309/global-low-speed-electric-vehicles-market
View this press release online at: http://rwire.com/1230081