Global Low Speed Vehicle Market Growth 2019-2024

20off

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%.

According to this study, over the next five years the Low Speed Vehicle market will register a 6.5% CAGR in terms of revenue, the global market size will reach US$ 4967.3 million by 2024, from US$ 3619.5 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Low Speed Vehicle business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Low Speed Vehicle market by product type, application, key manufacturers and key regions and countries.

This study considers the Low Speed Vehicle value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Electric
Diesel
Gasoline
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Byvin Corporation
Yogomo
Shifeng
Ingersoll Rand
Dojo
Textron
Lichi
Polaris
Yamaha
GreenWheel EV
Xinyuzhou
Renault
Eagle
Tangjun

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Low Speed Vehicle consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Low Speed Vehicle market by identifying its various subsegments.
Focuses on the key global Low Speed Vehicle manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Low Speed Vehicle with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Low Speed Vehicle submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents

2019-2024 Global Low Speed Vehicle Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Low Speed Vehicle Consumption 2014-2024
2.1.2 Low Speed Vehicle Consumption CAGR by Region
2.2 Low Speed Vehicle Segment by Type
2.2.1 Electric
2.2.2 Diesel
2.2.3 Gasoline
2.3 Low Speed Vehicle Consumption by Type
2.3.1 Global Low Speed Vehicle Consumption Market Share by Type (2014-2019)
2.3.2 Global Low Speed Vehicle Revenue and Market Share by Type (2014-2019)
2.3.3 Global Low Speed Vehicle Sale Price by Type (2014-2019)
2.4 Low Speed Vehicle Segment by Application
2.4.1 Personal Use
2.4.2 Public Utilities
2.4.3 Golf Cart
2.4.4 Sightseeing Cars
2.4.5 Other
2.5 Low Speed Vehicle Consumption by Application
2.5.1 Global Low Speed Vehicle Consumption Market Share by Application (2014-2019)
2.5.2 Global Low Speed Vehicle Value and Market Share by Application (2014-2019)
2.5.3 Global Low Speed Vehicle Sale Price by Application (2014-2019)

3 Global Low Speed Vehicle by Manufacturers
3.1 Global Low Speed Vehicle Sales Market Share by Manufacturers
3.1.1 Global Low Speed Vehicle Sales by Manufacturers (2017-2019)
3.1.2 Global Low Speed Vehicle Sales Market Share by Manufacturers (2017-2019)
3.2 Global Low Speed Vehicle Revenue Market Share by Manufacturers
3.2.1 Global Low Speed Vehicle Revenue by Manufacturers (2017-2019)
3.2.2 Global Low Speed Vehicle Revenue Market Share by Manufacturers (2017-2019)
3.3 Global Low Speed Vehicle Sale Price by Manufacturers
3.4 Global Low Speed Vehicle Manufacturing Base Distribution, Sales Area, Product Types by Manufacturers
3.4.1 Global Low Speed Vehicle Manufacturing Base Distribution and Sales Area by Manufacturers
3.4.2 Players Low Speed Vehicle Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion

4 Low Speed Vehicle by Regions
4.1 Low Speed Vehicle by Regions
4.1.1 Global Low Speed Vehicle Consumption by Regions
4.1.2 Global Low Speed Vehicle Value by Regions
4.2 Americas Low Speed Vehicle Consumption Growth
4.3 APAC Low Speed Vehicle Consumption Growth
4.4 Europe Low Speed Vehicle Consumption Growth
4.5 Middle East & Africa Low Speed Vehicle Consumption Growth

5 Americas
5.1 Americas Low Speed Vehicle Consumption by Countries
5.1.1 Americas Low Speed Vehicle Consumption by Countries (2014-2019)
5.1.2 Americas Low Speed Vehicle Value by Countries (2014-2019)
5.2 Americas Low Speed Vehicle Consumption by Type
5.3 Americas Low Speed Vehicle Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC
6.1 APAC Low Speed Vehicle Consumption by Countries
6.1.1 APAC Low Speed Vehicle Consumption by Countries (2014-2019)
6.1.2 APAC Low Speed Vehicle Value by Countries (2014-2019)
6.2 APAC Low Speed Vehicle Consumption by Type
6.3 APAC Low Speed Vehicle Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 Europe
7.1 Europe Low Speed Vehicle by Countries
7.1.1 Europe Low Speed Vehicle Consumption by Countries (2014-2019)
7.1.2 Europe Low Speed Vehicle Value by Countries (2014-2019)
7.2 Europe Low Speed Vehicle Consumption by Type
7.3 Europe Low Speed Vehicle Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa
8.1 Middle East & Africa Low Speed Vehicle by Countries
8.1.1 Middle East & Africa Low Speed Vehicle Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa Low Speed Vehicle Value by Countries (2014-2019)
8.2 Middle East & Africa Low Speed Vehicle Consumption by Type
8.3 Middle East & Africa Low Speed Vehicle Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends

10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 Low Speed Vehicle Distributors
10.3 Low Speed Vehicle Customer

11 Global Low Speed Vehicle Market Forecast
11.1 Global Low Speed Vehicle Consumption Forecast (2019-2024)
11.2 Global Low Speed Vehicle Forecast by Regions
11.2.1 Global Low Speed Vehicle Forecast by Regions (2019-2024)
11.2.2 Global Low Speed Vehicle Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global Low Speed Vehicle Forecast by Type
11.8 Global Low Speed Vehicle Forecast by Application

12 Key Players Analysis
12.1 Byvin Corporation
12.1.1 Company Details
12.1.2 Low Speed Vehicle Product Offered
12.1.3 Byvin Corporation Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Byvin Corporation News
12.2 Yogomo
12.2.1 Company Details
12.2.2 Low Speed Vehicle Product Offered
12.2.3 Yogomo Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 Yogomo News
12.3 Shifeng
12.3.1 Company Details
12.3.2 Low Speed Vehicle Product Offered
12.3.3 Shifeng Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 Shifeng News
12.4 Ingersoll Rand
12.4.1 Company Details
12.4.2 Low Speed Vehicle Product Offered
12.4.3 Ingersoll Rand Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 Ingersoll Rand News
12.5 Dojo
12.5.1 Company Details
12.5.2 Low Speed Vehicle Product Offered
12.5.3 Dojo Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 Dojo News
12.6 Textron
12.6.1 Company Details
12.6.2 Low Speed Vehicle Product Offered
12.6.3 Textron Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 Textron News
12.7 Lichi
12.7.1 Company Details
12.7.2 Low Speed Vehicle Product Offered
12.7.3 Lichi Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 Lichi News
12.8 Polaris
12.8.1 Company Details
12.8.2 Low Speed Vehicle Product Offered
12.8.3 Polaris Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.8.4 Main Business Overview
12.8.5 Polaris News
12.9 Yamaha
12.9.1 Company Details
12.9.2 Low Speed Vehicle Product Offered
12.9.3 Yamaha Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.9.4 Main Business Overview
12.9.5 Yamaha News
12.10 GreenWheel EV
12.10.1 Company Details
12.10.2 Low Speed Vehicle Product Offered
12.10.3 GreenWheel EV Low Speed Vehicle Sales, Revenue, Price and Gross Margin (2017-2019)
12.10.4 Main Business Overview
12.10.5 GreenWheel EV News
12.11 Xinyuzhou
12.12 Renault
12.13 Eagle
12.14 Tangjun

13 Research Findings and Conclusion

Research Process

The research starts with the extensive procurement process of data/information and statistics from company annual reports, government websites, statistic agencies, and paid databases. This information creates a base for the study. This information also helps to define the scope and to narrow down the area for study for the market. This raw information is processed and analysed to extract crisp data points which currently affect or are likely to affect the industry over the forecast period. After analysing the information, a proprietary market estimation & forecast technique is applied, which generates the quantitative figures/sizes of the market/sub-segments in the current scenario as well as for over the forecast period. After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

After populating the market sizes & estimates, numbers are verified with the industry participants and key opinion leaders. The wide network of industry participants performs a value addition in the research and verify the numbers & estimates of the study. In the last stage of the research process, a final report is prepared which is then published on different websites as well as distributed through various channels. Below figure contains the different stages of the whole research performed to produce the report.

DATA MINING

Data mining is one of the extensive stages of our research process. It involves the procurement of market data and related information through different verified & credible sources. This step helps to obtain the raw information about the supply chain of the industry, the monetary process of different Products & End-Uses, the pool of market participants & the nature of the industry and the scope of the study. The data mining stage comprises both primary as well as secondary sources of information. Some of the key data sources are as follows:

Secondary Research In the process of secondary research, various sources are referred to identify and collect industry trends and information for the research process. We at having access to some of the most diversified and extensive paid databases which give us the most accurate data/information on markets sizes, Products and pricing.

In the primary research process for data mining, various key industry participants from both supply and demand side are interviewed to obtain both qualitative as well as quantitative information on the market. In-depth interviews with key primary respondents, including industry professionals, subject matter experts (SMEs), industry consultants, and C-level executives of major companies are conducted to obtain critical qualitative and quantitative aspects pertaining to the market, as well as to assess the prospects for market growth over the forecast period.

ANALYSIS

This step involves the analysis & mapping of all the information procured from the previous step. This step also encompasses the scrutiny of data discrepancies observed across various data sources and finalising the appropriate data for estimation and forecasting. This analysis is done by our experienced panel of industry analysts.

MARKET ESTIMATION

Understanding and penetrating the market in terms of valuation is a crucial task in the process of business research. This again becomes significantly important while investing and choosing the business opportunities. In this regard, we perform two ways market sizing approach simultaneously namely top-down and bottom-up approaches. In this step, we place different data points, numeric attributes, information, and industry trends at an appropriate space in order to deduce the estimates & forecast values over the coming years. We use different mathematical models to estimate the market sizes of different economies and segments. Each of which is further summed up to define the total market. We own a proprietary tool for market estimations which helps us to comprehend market size estimates & forecasts for different markets and industries. Below figure explains the process of market estimation using independent tool employed by our analysts to get the sizing off the market.