Electrically Efficient : The Low Speed Electric Vehicle Market Forecast, 2018 - 2025

Allied Market Research published a report, titled, "Low-speed Electric Vehicles Market by Vehicle Type (Passenger Vehicle, Heavy-duty Vehicles, Utility Vehicles, and Off-road Vehicles), and End User (Golf Courses, Tourist Destinations, Hotels & Resorts, Airports, Residential & Commercial Premises, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025. The report offers extensive analyses of the key winning strategies, industry dynamics, market size & estimations, top investment pockets, and competitive landscape. As per the report, the global low speed electric vehicle market garnered $2.39 billion in 2017, and is projected to reach $7.62 billion by 2025, registering a CAGR of 15.4% from 2018 to 2025.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/2933

𝐎𝐟𝐟-𝐫𝐨𝐚𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞, 𝐡𝐞𝐚𝐯𝐲 𝐝𝐮𝐭𝐲 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐟𝐚𝐬𝐭𝐞𝐬𝐭 𝐠𝐫𝐨𝐰𝐭𝐡 𝐛𝐲 𝟐𝟎𝟐𝟓

Among vehicle types, the off-road vehicle segment held the largest share in 2017, accounting for of two-fifths of the total market revenue. This is attributed to factors such as high performance and robustness coupled with rapid proliferation of hospitality and tourisms industry. On the other hand, the heavy-duty vehicle segment is expected to grow at the fastest CAGR of 21.5% due to the growing demand for low speed heavy-duty commercial vehicles at golf courses, hotels, and construction sites for carrying loads, passengers, or equipment over short distances. The report also analyzes passenger vehicle and utility vehicle segments.

𝐆𝐨𝐥𝐟 𝐜𝐨𝐮𝐫𝐬𝐞𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟐𝟓

Among end users, the golf courses segment held the largest share in 2017, accounting for nearly two-fifths of the total market share. It is expected to maintain this trend through 2025 on account of the growing demand for golf carts at golf courses due to growing interest in leisure activities, increasing disposable income, improving standards of living, and technological improvements in such vehicles. However, the residential & commercial premises segment would grow at the fastest CAGR of 21.7%, owing to the increased use of low speed electric vehicles in mega township projects for ferrying individuals and high demand for low-cost transportation and rental services in commercial and educational institutes. The other end users analyzed in the report are tourist destinations, hotels & resorts, and airports.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/low-speed-electric-vehicles-market/purchase-options

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐚𝐜𝐜𝐫𝐮𝐞 𝐡𝐢𝐠𝐡𝐞𝐬𝐭 𝐫𝐞𝐯𝐞𝐧𝐮𝐞, 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐡𝐞 𝐟𝐚𝐬𝐭𝐞𝐬𝐭 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝟐𝟎𝟐𝟓

North America accounted for 41% of the total market revenue in 2017 and is anticipated to retain its lion's share through 2025. This is on account of the extensive adoption of advanced electric vehicles and increased demand for fuel-efficient and eco-friendly vehicles in the region. Moreover, availability of battery charging stations in the region supplements the growth of the market in the region. However, the Asia-Pacific region would register the highest CAGR of 16.6% from 2018 to 2025 due to increased adoption of smart mobility services, government incentives to promote sales of electric vehicles, rapid urbanization, rise in fuel prices, and increased awareness about non-conventional fuel-driven vehicles in the region. The other regions analyzed in the report include Europe and Latin America, Middle East and Africa (LAMEA).

The key market players analyzed in the report include HDK Electric Vehicles, Bradshaw Electric Vehicles, Textron Inc., Polaris Industries, Yamaha Motors Co. Ltd., Ingersoll Rand, Inc., Speedway Electric, AGT Electric Cars, Bintelli Electric Vehicles, and Ligier Group. New product launches, joint ventures, expansions, mergers & acquisitions, partnerships, collaborations, and others are some of the strategies implemented by these players to gain a lead position in the industry.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/2933

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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