Global Low Speed Electric Vehicles Market Size Worth USD 8870 Million by 2023

The Low Speed Electric Vehicles Market is expected to reach USD 8870 Million by 2023 from USD 4790 Million in 2017, at a CAGR grow of 10.8% over the next five years.

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.

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.

Over the next five years, projects that Low Speed Electric Vehicles Market will register a 10.8% CAGR in terms of revenue, reach US$ 8870 million by 2023, from US$ 4790 million in 2017.

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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 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:
• 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

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into:
• Lithium-Ion Battery Low Speed Electric Vehicle
• Lead-Acid Battery Low Speed Electric Vehicle
• Other (Including nickel-based battery, sodium-sulfur battery, secondary lithium battery, air battery, etc.)

Split by applications, this report focuses on sales, market share and growth rate of Low Speed Electric Vehicles in each application, can be divided into:
• Personal Use
• Golf Course
• Public Utilities
• Sightseeing
• Others

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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 Electric Vehicles consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Low Speed Electric Vehicles market by identifying its various subsegments.
Focuses on the key global Low Speed Electric Vehicles 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 Electric Vehicles 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 Electric Vehicles 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.

Market Segment by Table of Contents:

2018-2023 Global Low Speed Electric Vehicles Consumption Market Report

Low Speed Electric Vehicles Market Scope of the Report

Low Speed Electric Vehicles Market Executive Summary

Global Low Speed Electric Vehicles Market by Players

Low Speed Electric Vehicles by Regions

Americas Low Speed Electric Vehicles Consumption by Countries

APAC Low Speed Electric Vehicles Consumption by Countries

Europe Low Speed Electric Vehicles by Countries

Middle East & Africa Low Speed Electric Vehicles by Countries

Market Drivers, Challenges and Trends

Marketing, Distributors and Customer

Global Low Speed Electric Vehicles Market Forecast (2018-2023)

Low Speed Electric Vehicles Market Key Players Analysis

Research Findings and Conclusion

For more information on this report, Please visit at: https://www.marketstudyreport.com/reports/2018-2023-global-low-speed-electric-vehicles-consumption-market-report/?utm_source=OPR-SP

Related Reports: -
Global Low Speed Electric Vehicles Sales Market Report 2018
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 key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
https://www.marketstudyreport.com/reports/global-low-speed-electric-vehicles-sales-market-report-2018

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