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Low-Speed Vehicle Market trends in 2021 - prepare for a year of new opportunities

04-08-2021 08:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Research Dive

Low-Speed Vehicle Market

Low-Speed Vehicle Market

The Covid-19 pandemic is predicted to impact the global low-speed vehicle market in a negative way. The battery - powered vehicles segment will garner a considerable amount of the global market share. The Golf carts segment is anticipated to reach newer heights. The Hotels & resorts segment to be at the forefront during the projected timeframe. The Asia-Pacific region will generate huge investment opportunities in the forecast period. The key players of the market are concentrating on various strategies to sustain in these trying times.

According to a recent report published by Research Dive, the global low speed vehicle market is anticipated to garner $7,099.8 million by 2027, growing at a health CAGR from 2019 to 2027. The report segments the global market on the basis of propulsion, applications, end users and regions. This report is a comprehensive analysis of recent drivers, key segments, opportunities, restraints, and major players of the market.

Download FREE Sample Report and know How Government initiatives are expected to drive the global low-speed vehicle market @ https://www.researchdive.com/request-toc-and-sample/274

Golf carts will be most lucrative till 2027

By applications, the global low-speed vehicle market is divided into industrial utility, golf cart, personnel carrier, and public transport vehicle. Amongst these, golf carts are expected to dominate the market shares and continue leading till 2027. This is due to their vast usage for short-distance rides, particularly in golf courses, airports, railway stations, factories, hospitals, and others.

Check out How COVID-19 impact on the Low-Speed Vehicle Market. Click here to Connect with Analyst @ https://www.researchdive.com/connect-to-analyst/274

Hotels & resorts are estimated to dominate the market until 2027

By end-users, the global low-speed market is segmented into golf courses, tourist destinations, hotels & resorts, airports, and residential & commercial premises. Out of these, hotels & resorts are expected to dominate the market shares owing to delivering high quality of services such as reliable transportations and comfortable seats.

Regional Breakdown of the Market

The global low- speed vehicle market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is anticipated to be the fastest-growing region, primarily because of China being the top global manufacturer of low-speed vehicles. In addition, this region is experiencing a growing trend in the use of low-speed vehicles for publicity, branding, and distribution.

Top Companies Leading the Market

The major players of the global low- speed vehicle industry are Trane Technologies Plc., Textron Inc., Yamaha Motor Co. Ltd., Polaris Inc., John Deere, The Toro Co., Kubota Co., American Landmaster, Columbia Vehicle Group, AGT Electric Cars, and others. These players are implementing various business strategies like mergers and acquisitions, collaborations & partnerships in order to gain a major market share in the global industry.

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About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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