Low Speed Electric Vehicles Market

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.

Low Speed Electric Vehicles Market contains market size and forecasts of Low Speed Electric Vehicles in global, including the following market information:

Global Low Speed Electric Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Low Speed Electric Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)

Global top five Low Speed Electric Vehicles companies in 2021 (%)

The global Low Speed Electric Vehicles market was valued at 7343.6 million in 2021 and is projected to reach US$ 14800 million by 2028, at a CAGR of 10.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Lithium-Ion Battery Low Speed Electric Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Low Speed Electric Vehicles include Textron, Yamaha, Polaris, Renault, Garia, Ingersoll Rand, CitEcar Electric Vehicles, Star EV and Melex, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Low Speed Electric Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Low Speed Electric Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Low Speed Electric Vehicles Market Segment Percentages, by Type, 2021 (%)

Lithium-Ion Battery Low Speed Electric Vehicle

Lead-Acid Battery Low Speed Electric Vehicle

Other

Global Low Speed Electric Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Low Speed Electric Vehicles Market Segment Percentages, by Application, 2021 (%)

Personal Use

Golf Course

Public Utilities

Sightseeing

Others

Global Low Speed Electric Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)

Global Low Speed Electric Vehicles Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Low Speed Electric Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Low Speed Electric Vehicles revenues share in global market, 2021 (%)

Key companies Low Speed Electric Vehicles sales in global market, 2017-2022 (Estimated), (K Units)

Key companies Low Speed Electric Vehicles sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Textron

Yamaha

Polaris

Renault

Garia

Ingersoll Rand

CitEcar Electric Vehicles

Star EV

Melex

Columbia

Yogomo

Dojo

Shifeng

Byvin

Lichi

Baoya

Fulu

Tangjun

Xinyuzhou

GreenWheel EV

Incalu

Kandi

APACHE

Zheren

Eagle

Taiqi