Low-speed vehicle Market to grow at exponential Growth Rate From 2019 To 2023, according to Global Low-speed vehicle Market – Global Industry Forecast to 2023 Research Report. This Report analyzes Low-speed vehicle Industry by Power Output (15kW), by Propulsion (Diesel, Electric, Gasoline), by Application (Industrial Utility, Golf Cart, Personnel Carrier, Public Transport Vehicle), and Region - Global Report Forecast till 2023.

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Prominent players profiled in the low-speed vehicles market are Deere Company (the U.S.), Kubota Corporation (Japan), Yamaha Golf-Car Company (the U.S.), The Toro Company (the U.S.), Polaris Industries Inc. (the U.S.), Taylor-Dunn Manufacturing Company (the U.S.), Tomberlin Automotive Grp. (the U.S.), Textron (the U.S.), Club Car LLC. (the U.S.), and American Landmaster (the U.S.). Merger, acquisition, collaboration, and other methods are strategies these companies employ to stay ahead of the rest. 

The global low-speed vehicle market is garnering much attention from various sectors due to which it can expect a smooth run with 5% CAGR during the forecast period (2018-2023). During that time, its valuation can grow from USD 8,613.3 million in 2017 to USD 11,509.6 million by 2023. Market Research Future’s (MRFR) detailed report on the market has its focus on segments, drivers, and competitive analysis of the entire market. This can give a peek into the future market demography and enable market players in having strategies planned accordingly.

Extensive research of the low-speed vehicle market segments the market by output, propulsion, and application.

Based on the output, the low-speed vehicle market can be segmented into 15kW. The 8-15kW segment is dominating the market with a valuation of USD 4,142.2 million in 2018 and can go up to USD 5,284 million by 2023. Meanwhile, the >15kW segment is gaining fast popularity and can attain the highest CAGR of 5.7% during the forecast period.

Propulsion-wise, the low-speed vehicle market comprises diesel, gasoline, and electric. The electric segment is in the leading position and is valued at USD 4,955.1 million in 2018 which can go up to USD 6,458.6 million by 2023. The segment is expected to beat others at 5.5% CAGR during the forecast period.

Application-based segmentation of the low-speed vehicle market comprise industrial utility, golf cart, personnel carrier, and public transport vehicle. Golf cart segment holds the maximum market share and enjoys a valuation of USD 4,771.5 million in 2018. It can rise to USD 6,176.1 million by 2023. The segment is expected to grow with the fastest CAGR of 5.3% during the forecast period.

Table Of Content:

1. REPORT PROLOGUE

2. INTRODUCTION

2.1. DEFINITION

2.2. SCOPE OF THE STUDY

2.2.1. RESEARCH OBJECTIVE

2.2.2. ASSUMPTIONS

2.2.3. LIMITATIONS

2.3. MARKET STRUCTURE

2.4. MARKET SEGMENTATION

Continued…

LIST OF TABLES:

Table 1 Global Low-speed vehicle Market: By Type, 2014-2022 (USD Billion)

Table 2: Low-speed vehicle Global Market, By Region, 2014-2022 (USD Billion)

Table 3 Low-speed vehicle Glboal Market, By Region, 2014-2022 (USD Billion)

Table 4 Low-speed vehicle Glboal Market, By Region, 2014-2022 (USD Billion)

Continued…

LIST OF FIGURES:

FIGURE 1 Low-speed vehicle Global Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis Of Low-speed vehicle Global Market

FIGURE 4 Value Chain Of Low-speed vehicle Global Market

Continued…

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