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Download Free sampleA 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).
Low Speed Vehicle Market contains market size and forecasts of Low Speed Vehicle in global, including the following market information:
Global Low Speed Vehicle Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Low Speed Vehicle Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Low Speed Vehicle companies in 2021 (%)
The global Low Speed Vehicle market was valued at 10230 million in 2021 and is projected to reach US$ 16420 million by 2028, at a CAGR of 7.0% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Electric Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Low Speed Vehicle include Byvin Corporation, Yogomo, Shifeng, Ingersoll Rand, Dojo, Textron, Lichi, Polaris and Yamaha, 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 Vehicle 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 Vehicle Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Speed Vehicle Market Segment Percentages, by Type, 2021 (%)
Electric
Diesel
Gasoline
Global Low Speed Vehicle Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Speed Vehicle Market Segment Percentages, by Application, 2021 (%)
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars
Others
Global Low Speed Vehicle Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Speed Vehicle 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 Vehicle revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Low Speed Vehicle revenues share in global market, 2021 (%)
Key companies Low Speed Vehicle sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Low Speed Vehicle sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Byvin Corporation
Yogomo
Shifeng
Ingersoll Rand
Dojo
Textron
Lichi
Polaris
Yamaha
GreenWheel EV
Xinyuzhou
Renault
Eagle
Tangjun
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