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Low Speed Electric Vehicles Market Size and Share 2018 to 2025 Sales, Production, Consumption and Segmentation

01-12-2019 01:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Researchmoz

This industry study presents the global Low Speed Electric Vehicles market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Low Speed Electric Vehicles production, revenue and market share by manufacturers, key regions and type;
The consumption of Low Speed Electric Vehicles in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Textron, Yamaha, etc.

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. 

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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. 
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. 
Global Low Speed Electric Vehicles market size will reach 9520 million US$ by 2025, from 4790 million US$ in 2017, at a CAGR of 9.0% during the forecast period. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Low Speed Electric Vehicles.

View Complete TOC with Tables and Figures index at: https://www.researchmoz.us/global-low-speed-electric-vehicles-market-insights-forecast-to-2025-report.html/toc

The following manufacturers are 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

Low Speed Electric Vehicles Breakdown Data by Type
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.)
Low Speed Electric Vehicles Breakdown Data by Application
Personal Use
Golf Course
Public Utilities
Sightseeing
Others

Low Speed Electric Vehicles Production by Region
United States
Europe
China
Japan
South Korea
India
Other Regions

Low Speed Electric Vehicles Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa

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ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators. 

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