Neighborhood Electric Vehicle Market 2020 Booming Worldwide With Eminent Key Players AGT Electric Cars, American Landmaster, Columbia Vehicle Group Inc, Deere and Company, Kubota Corporation, Marshell, Polaris Inc., Textron Inc

A neighborhood electric vehicle is a motor vehicle that is four wheeled and goes top speed ranges from 20kmph to 40kmph along with a unsophisticated vehicle weight rating of less than 1,400 kg. The rules and regulations are shadowed by low speed electric vehicle as per defined by states & federals.

Strict government rules and regulations toward vehicle emission and increase in fuel costs are some of the major factors driving the growth of the neighborhood electric vehicle market. Moreover, rise in pollution, surge in automobile industry, technological advancements, and decrease in fossil fuel reserves are some of the other factors anticipated to boost the growth of the market

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Key Players:
1. AGT Electric Cars
2. American Landmaster
3. Columbia Vehicle Group Inc
4. Deere and Company
5. Kubota Corporation
6. Marshell
7. Polaris Inc.
8. Textron Inc.
9. The Toro Company
10. Yamaha Motor Corporation

Market Segmentation:
The global neighborhood electric vehicle market is segmented on the basis of type, power output, application. On the basis of type, the market is segmented as commercial turf and industrial utility vehicle, golf cart, personal mobility vehicle. On the basis of power output, the market is segmented as less than 8 kw, 8-15 kw, greater than 15 kw. On the basis of application, the market is segmented as golf courses, hotels and resorts, airports, industrial facilities.

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Major highlights of the report:
• An all-inclusive evaluation of the parent market
• The evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of the market value and volume in the past, present, and forecast years
• Market share evaluation
• Study of niche industrial sectors
• Tactical approaches of the market leaders
• Lucrative strategies to help companies strengthen their position in the market.

Regional Outlook:
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neighborhood electric vehicle market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The neighborhood electric vehicle market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting neighborhood electric vehicle market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the neighborhood electric vehicle market in these regions.

Sameer Joshi
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This release was published on openPR.