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市場調査レポート

低速車両の世界市場:種類別 (芝生用/産業用ユーティリティビークル、ゴルフカート、PMV (パーソナルモビリティビークル))・出力別・推進方式別 (ディーゼル、電気、ガソリン)・用途別・地域別の将来予測 (2025年まで)

Low-Speed Vehicle Market by Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personal Mobility Vehicle), Power Output, Propulsion (Diesel, Electric, and Gasoline), Application and Region - Forecast to 2025

発行 MarketsandMarkets 商品コード 935685
出版日 ページ情報 英文 157 Pages
即納可能
価格
本日の銀行送金レート: 1USD=108.53円で換算しております。
低速車両の世界市場:種類別 (芝生用/産業用ユーティリティビークル、ゴルフカート、PMV (パーソナルモビリティビークル))・出力別・推進方式別 (ディーゼル、電気、ガソリン)・用途別・地域別の将来予測 (2025年まで) Low-Speed Vehicle Market by Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personal Mobility Vehicle), Power Output, Propulsion (Diesel, Electric, and Gasoline), Application and Region - Forecast to 2025
出版日: 2020年05月05日 ページ情報: 英文 157 Pages
概要

世界の低速車両の市場は、2020年には42億米ドル、2025年には63億米ドルと、8.6%のCAGRで成長すると予測されています。特に、ホテル・リゾート施設や産業施設、ゴルフコース、ゲーテッドコミュニティ、大学といった場所での今後の利用拡大が期待されています。一方、安全機能の低さが今後の市場成長の妨げとなる可能性もあります。種類別では、芝生用業務車両向け需要が最大のシェアを占めています。地域別では、北米諸国が最大の市場となっています。

当レポートでは、世界の低速車両 (LSV) の市場について分析し、市場の基本構造や最新情勢、主な市場促進・阻害要因、市場動向の見通し (今後6年間分)、種類別・出力別・推進方式別・用途別・地域別の詳細動向、市場競争の状態、主要企業のプロファイルなどを調査しております。

第1章 イントロダクション

第2章 調査方法

第3章 エグゼクティブサマリー

第4章 重要考察

第5章 MnMの提言

  • 北米諸国の最優先市場としての重視
  • 安全機能・電化対応の強化
  • 結論

第6章 市場概略

  • イントロダクション
  • 分析対象期間
  • 市場のダイナミクス
    • 市場促進要因
    • 市場抑制要因
    • 市場機会
    • 課題
  • 米国のLSV規制:州別
  • サプライチェーン
  • 低速車両市場:シナリオ分析
    • 最も可能性の高いシナリオ
    • 楽観的なシナリオ
    • 悲観的なシナリオ
  • COVID-19の影響
    • COVID-19の健康面での評価
    • 低速車両市場への影響

第7章 低速車両市場:種類別

  • イントロダクション
  • ゴルフカート
  • 業務用・芝生用ユーティリティビークル (小型トラック)
  • 産業用ユーティリティビークル
  • パーソナルモビリティビークル (PMV:個人用移動車両)

第8章 低速車両市場:用途別

  • イントロダクション
  • ゴルフコース
  • ホテル・リゾート施設
  • 空港
  • 産業施設

第9章 低速車両市場:推進方式別

  • イントロダクション
  • 電気
  • ガソリン
  • ディーゼル

第10章 低速車両市場:出力別

  • イントロダクション
  • 8kW以下
  • 8~15kW
  • 15kW以上

第11章 低速車両市場:地域別

  • イントロダクション
  • アジア太平洋地域
    • 中国
    • インド
    • 日本
    • 韓国
    • タイ
    • その他のアジア太平洋諸国
  • 北米
    • 米国
    • メキシコ
    • カナダ
  • 欧州
    • 英国
    • フランス
    • ドイツ
    • 北欧諸国
    • イタリア
    • スペイン
  • 他の国々 (RoW)
    • 南アフリカ
    • ブラジル
    • イラン

第12章 競争環境

  • 概要
  • 市場ランキング分析
  • 企業戦略の方向性:マッピング
    • 先駆的企業
    • 活動的企業
    • 革新的企業
    • 新規企業
  • 市場競争マトリックス (ベンダー間の比較分析)
    • 製品ポートフォリオの拡充度
    • 事業戦略の秀逸性
  • 市場開拓・掌握の方法:主要企業の場合
  • 競争シナリオ
    • 新製品の開発/発売
    • 事業拡張
    • 企業買収/事業協力/合意

第13章 企業プロファイル

  • POLARIS INC.
  • TEXTRON INC.
  • DEERE & COMPANY
  • THE TORO COMPANY
  • INGERSOLL-RAND
  • ヤマハ発動機
  • クボタ
  • AMERICAN LANDMASTER
  • COLUMBIA VEHICLE GROUP INC.
  • その他の企業
    • 北米
    • アジア太平洋地域
    • 欧州
    • その他の地域

第14章 付録

図表

LIST OF TABLES

  • TABLE 1 GOVERNMENT POLICIES AND STRINGENT EMISSION STANDARDS FOR LOW-SPEED VEHICLES IN US 42
  • TABLE 2 LOW-SPEED VEHICLE MARKET (MOST LIKELY SCENARIO), BY REGION, 2018-2025 (USD MILLION) 48
  • TABLE 3 LOW-SPEED VEHICLE MARKET (OPTIMISTIC SCENARIO), BY REGION, 2018-2025 (USD MILLION) 48
  • TABLE 4 LOW-SPEED VEHICLE MARKET (PESSIMISTIC SCENARIO), BY REGION, 2018-2025 (USD MILLION) 49
  • TABLE 5 GLOBAL LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 55
  • TABLE 6 GLOBAL LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 56
  • TABLE 7 GOLF CART MARKET, BY REGION, 2018-2025 (UNITS) 56
  • TABLE 8 GOLF CART MARKET, BY REGION, 2018-2025 (USD MILLION) 57
  • TABLE 9 COMMERCIAL TURF UTILITY VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 58
  • TABLE 10 COMMERCIAL TURF UTILITY VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 58
  • TABLE 11 INDUSTRIAL UTILITY VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 59
  • TABLE 12 INDUSTRIAL UTILITY VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 59
  • TABLE 13 PERSONAL MOBILITY VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 60
  • TABLE 14 PERSONAL MOBILITY VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 60
  • TABLE 15 GLOBAL LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE, 2018-2025 (UNITS) 63
  • TABLE 16 GLOBAL LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE, 2018-2025 (USD MILLION) 63
  • TABLE 17 LOW-SPEED VEHICLE MARKET FOR GOLF COURSES, BY REGION, 2018-2025 (UNITS) 64
  • TABLE 18 LOW-SPEED VEHICLE MARKET FOR GOLF COURSES, BY REGION, 2018-2025 (USD MILLION) 64
  • TABLE 19 LOW-SPEED VEHICLE MARKET FOR HOTELS & RESORTS, BY REGION, 2018-2025 (UNITS) 65
  • TABLE 20 LOW-SPEED VEHICLE MARKET FOR HOTELS & RESORTS, BY REGION, 2018-2025 (USD MILLION) 65
  • TABLE 21 LOW-SPEED VEHICLE MARKET FOR AIRPORTS, BY REGION, 2018-2025 (UNITS) 66
  • TABLE 22 LOW-SPEED VEHICLE MARKET FOR AIRPORTS, BY REGION, BY REGION, 2018-2025 (USD MILLION) 66
  • TABLE 23 LOW-SPEED VEHICLE MARKET FOR INDUSTRIAL FACILITIES, BY REGION, 2018-2025 (UNITS) 67
  • TABLE 24 LOW-SPEED VEHICLE MARKET FOR INDUSTRIAL FACILITIES, BY REGION, 2018-2025 (USD MILLION) 67
  • TABLE 25 GLOBAL LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE, 2018-2025 (UNITS) 70
  • TABLE 26 GLOBAL LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE, 2018-2025 (USD MILLION) 70
  • TABLE 27 ELECTRIC LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 71
  • TABLE 28 ELECTRIC LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 71
  • TABLE 29 GASOLINE LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 72
  • TABLE 30 GASOLINE LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 72
  • TABLE 31 DIESEL LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 73
  • TABLE 32 DIESEL LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 73
  • TABLE 33 GLOBAL LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT, 2018-2025 (UNITS) 76
  • TABLE 34 GLOBAL LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT, 2018-2025 (USD MILLION) 76
  • TABLE 35 <8 KW LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 77
  • TABLE 36 <8 KW LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 77
  • TABLE 37 8-15 KW LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 78
  • TABLE 38 8-15 KW LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 78
  • TABLE 39 >15 KW LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 79
  • TABLE 40 >15 KW LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 79
  • TABLE 41 GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (UNITS) 83
  • TABLE 42 GLOBAL LOW-SPEED VEHICLE MARKET, BY REGION, 2018-2025 (USD MILLION) 83
  • TABLE 43 APAC: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (UNITS) 85
  • TABLE 44 APAC: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (USD MILLION) 86
  • TABLE 45 CHINA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 86
  • TABLE 46 CHINA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 87
  • TABLE 47 INDIA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 87
  • TABLE 48 INDIA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 88
  • TABLE 49 JAPAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 88
  • TABLE 50 JAPAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 89
  • TABLE 51 SOUTH KOREA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 89
  • TABLE 52 SOUTH KOREA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 90
  • TABLE 53 THAILAND: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 90
  • TABLE 54 THAILAND: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 91
  • TABLE 55 NORTH AMERICA: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (UNITS) 93
  • TABLE 56 NORTH AMERICA LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (USD MILLION) 93
  • TABLE 57 US: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 93
  • TABLE 58 US: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 94
  • TABLE 59 MEXICO: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 94
  • TABLE 60 MEXICO: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 95
  • TABLE 61 CANADA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 95
  • TABLE 62 CANADA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 96
  • TABLE 63 EUROPE: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (UNITS) 97
  • TABLE 64 EUROPE: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (USD MILLION) 97
  • TABLE 65 UK: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 98
  • TABLE 66 UK: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 98
  • TABLE 67 FRANCE: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 99
  • TABLE 68 FRANCE: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025 (USD MILLION) 99
  • TABLE 69 GERMANY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 100
  • TABLE 70 GERMANY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 100
  • TABLE 71 NORDIC: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 101
  • TABLE 72 NORDIC: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 101
  • TABLE 73 ITALY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 102
  • TABLE 74 ITALY: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 102
  • TABLE 75 SPAIN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 103
  • TABLE 76 SPAIN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 103
  • TABLE 77 ROW: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (UNITS) 104
  • TABLE 78 ROW: LOW-SPEED VEHICLE MARKET, BY COUNTRY, 2018-2025 (USD MILLION) 104
  • TABLE 79 SOUTH AFRICA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 105
  • TABLE 80 SOUTH AFRICA: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 105
  • TABLE 81 BRAZIL: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 106
  • TABLE 82 BRAZIL: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 106
  • TABLE 83 IRAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (UNITS) 107
  • TABLE 84 IRAN: LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2018-2025 (USD MILLION) 107
  • TABLE 85 NEW PRODUCT DEVELOPMENTS/LAUNCHES, 2018-2019 118
  • TABLE 86 EXPANSIONS, 2018-2019 119
  • TABLE 87 ACQUISITIONS/PARTNERSHIPS/AGREEMENTS, 2018-2020 120
  • TABLE 88 CURRENCY EXCHANGE RATES (WRT PER USD) 149

LIST OF FIGURES

  • FIGURE 1 LOW-SPEED VEHICLE MARKET: MARKET SEGMENTATION 18
  • FIGURE 2 LOW-SPEED VEHICLE MARKET: RESEARCH DESIGN 20
  • FIGURE 3 RESEARCH METHODOLOGY MODEL 21
  • FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION 23
  • FIGURE 5 DATA TRIANGULATION 27
  • FIGURE 6 PARAMETERS & ASSUMPTIONS FOLLOWED FOR LOW-SPEED VEHICLE MARKET ANALYSIS 28
  • FIGURE 7 PARAMETERS & LIMITATIONS FOR LOW-SPEED VEHICLE MARKET ANALYSIS 29
  • FIGURE 8 LOW-SPEED VEHICLE MARKET OUTLOOK 30
  • FIGURE 9 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION) 31
  • FIGURE 10 STRINGENT EMISSION NORMS, RISING DEMAND FOR ELECTRIC VEHICLES, AND LOWER OPERATING COSTS ARE EXPECTED TO DRIVE GLOBAL LOW-SPEED VEHICLE MARKET DURING FORECAST PERIOD 32
  • FIGURE 11 GOLF COURSES TO HOLD LARGEST MARKET SIZE IN 2020 32
  • FIGURE 12 COMMERCIAL TURF UTILITY VEHICLE IS PROJECTED TO HOLD LARGEST MARKET SIZE IN 2025 33
  • FIGURE 13 MARKET FOR ELECTRIC LSV SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 33
  • FIGURE 14 LSV WITH <8 KW TO HOLD LARGEST MARKET SIZE THROUGHOUT FORECAST PERIOD 34
  • FIGURE 15 NORTH AMERICA TO CONTINUE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 34
  • FIGURE 16 GLOBAL LOW-SPEED VEHICLE MARKET DYNAMICS 37
  • FIGURE 17 NUMBER OF PERSONS AGED 65 AND ABOVE: 1900-2060 (NUMBERS IN MILLIONS) 38
  • FIGURE 18 NUMBER OF CUMULATIVE EV SALES VS. CUMULATIVE EV CHARGING STATIONS AND RATIO OF EVS TO CHARGING STATIONS 39
  • FIGURE 19 NUMBER OF EV CHARGING STATIONS IN EUROPE 39
  • FIGURE 20 LOW-SPEED VEHICLES: SUPPLY CHAIN & KEY PLAYERS 47
  • FIGURE 21 COVID-19 GLOBAL PROPAGATION 50
  • FIGURE 22 COVID-19 PROPAGATION: SELECT COUNTRIES 50
  • FIGURE 23 LOW-SPEED VEHICLE MARKET-WITH VS WITHOUT COVID-19 SCENARIO, 2020 (US$ MILLION) 51
  • FIGURE 24 LOW-SPEED VEHICLE MARKET-IMPACT OF COVID-19 BY REGION, 2018-2025 (US$ BILLION) 52
  • FIGURE 25 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE, 2020 VS. 2025 (USD MILLION) 55
  • FIGURE 26 LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE, 2020 VS. 2025 (USD MILLION) 63
  • FIGURE 27 LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE, 2020 VS. 2025 (USD MILLION) 70
  • FIGURE 28 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT, 2020 VS. 2025 (USD MILLION) 76
  • FIGURE 29 LOW-SPEED VEHICLE MARKET: MARKET IN EUROPE IS ESTIMATED TO GROW AT HIGHEST CAGR (2020-2025) 81
  • FIGURE 30 LOW-SPEED VEHICLE MARKET, BY REGION, 2020 VS. 2025 (USD MILLION) 83
  • FIGURE 31 APAC: LOW-SPEED VEHICLE MARKET SNAPSHOT 85
  • FIGURE 32 NORTH AMERICA: LOW-SPEED VEHICLE MARKET SNAPSHOT 92
  • FIGURE 33 LOW-SPEED VEHICLE MARKET IN EUROPE, BY COUNTRY, 2020 VS. 2025 (USD MILLION) 96
  • FIGURE 34 GLOBAL LOW-SPEED VEHICLE MARKET: RANKING ANALYSIS, 2019 108
  • FIGURE 35 LOW-SPEED VEHICLE MANUFACTURERS: COMPETITIVE LEADERSHIP MAPPING, 2019 111
  • FIGURE 36 LOW-SPEED VEHICLE MANUFACTURERS: COMPANY-WISE PRODUCT OFFERING ANALYSIS 112
  • FIGURE 37 LOW-SPEED VEHICLE MANUFACTURERS: COMPANY-WISE BUSINESS STRATEGY ANALYSIS 113
  • FIGURE 38 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS & PARTNERSHIPS/ AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES AS KEY GROWTH STRATEGIES, 2017-2019 117
  • FIGURE 39 POLARIS INC.: COMPANY SNAPSHOT 121
  • FIGURE 40 TEXTRON INC.: COMPANY SNAPSHOT 124
  • FIGURE 41 DEERE & COMPANY: COMPANY SNAPSHOT 128
  • FIGURE 42 THE TORO COMPANY: COMPANY SNAPSHOT 131
  • FIGURE 43 INGERSOLL-RAND: COMPANY SNAPSHOT 133
  • FIGURE 44 YAMAHA MOTOR CORPORATION: COMPANY SNAPSHOT 136
  • FIGURE 45 KUBOTA CORPORATION: COMPANY SNAPSHOT 139
目次
Product Code: AT 5757

"Increase in stringent emission regulations and growing adoption from the geriatric population drive the low-speed vehicles market."

The global low-speed vehicle market is projected to grow at a CAGR of 8.6% to reach a market size of USD 6.3 billion by 2025 from 4.2 billion in 2020The rising trend of using LSVs in hotels & resorts, industrial facilities, golf course, gated communities & college campuses is projected to fuel the demand of these vehicles. On the other hand, minimal safety features are identified as the key factors which can restrain the growth of the LSV market.

"Low-speed vehicle with <8KW is estimated to be the largest market for LSV market, by power output."

The market for a low-speed vehicle with <8KW vehicle is projected to be the largest market. As most of the Golf courses and resorts mostly prefer low-speed vehicles with output power less than 8 KW (~3-4 KW). The growing demand for LSVs with low seating capacity is further likely to augment the sales of LSVs with <8 KW power output. Also, with high demand for these low-power LSVs, the Chinese players are exporting these vehicles in North America and Europe at relatively much lower costs. However, the lack of safety standards coupled with built-quality is hampering the sales of these LSVs manufactured by China in North America and Europe. Thus, with an increase in short commute, the demand for these types of vehicles is estimated to grow.

"Commercial turf utility Vehicle is estimated to have the largest share in Global LSV market"

The commercial turf utility vehicle market is projected to be the largest segment for Global low-speed vehicles. the demand for commercial turf utility vehicles is expected to grow due to the increase in the number of hotels and resorts and the operation of existing luxury resorts and hotels, which are the end-users of commercial turf utility vehicles.

"North America anticipated holding the largest share in Global LSV Market."

The North American market is estimated to dominate the Global LSV market during the forecast period. North America accounts for 51% of the world's golf supply with the US accounting for 43% of the world's golf supply. Thus, the US is the largest market in the region and accounts for more than two-thirds of the overall market. Electric low-speed vehicles are widely preferred across the region because of their zero-carbon emission and noise reduction. The increased use of low-speed vehicles in commercial applications such as hotels and resorts and golf courses are likely to bolster the demand of low speed vehicles in North America.

The study contains insights provided by various industry experts. The break-up of the primaries is as follows:

  • By Company Type - Tier-1 - 90%, Tier-2 - 10%
  • By Designation - C level - 20 %, Manager level - 60%, Other designations -20%
  • By Region- North America - 40%, Europe - 30%, APAC- 20%, RoW-10%

The key companies profiled in the study are Ingersoll Rand (US), Textron Inc. (US), Yamaha Motor Corporation (Japan), Polaris Inc. (US), and Deere & Company (US), The Toro Company (US), Kubota Corporation (Japan), American Landmaster (US), Columbia Vehicle Group (US), AGT Electric Cars (US) and Bintelli Electric Cars (US) and other additional companies.

Research Coverage

Global Low Speed Vehicles Market By Vehicle Type (Golf Cart, Commercial Turf Utility Vehicle, Industrial Utility Vehicle, Personal Mobility Vehicle), Power Output (<8kW, 8-15kW, >15 kW), Propulsion (Diesel, Electric, Gasoline), Application type (Golf Courses, Hotels & Resorts, Airports, Industrial Facilities) & Region (North America, Europe, APAC and RoW)

Key Benefits of Buying the Report:

The study provides a qualitative and quantitative analysis of the global low speed vehicle market, by vehicle, in volume (units) and value (USD million), at the regional level.

The study provides a qualitative and quantitative analysis of the global low speed vehicle market, by application, in volume (units) and value (USD million), at the regional level.

The study provides a qualitative and quantitative analysis of the global low speed vehicle market, by propulsion type, in volume (units), and value (USD million), at the regional level.

The study provides a qualitative and quantitative analysis of the global low speed vehicle market, by power output, in volume (units), and value (USD million), at the regional level.

The study includes the profiles of 10 key companies and an additional nine companies, which have a significant impact on the market, along with their financial structure, recent developments, and product portfolio.

The report covers the competitive landscape that reflects the market ranking analysis of leading players, along with the dominant strategies adopted by these stakeholders to retain their position.

TABLE OF CONTENTS

1 INTRODUCTION 17

  • 1.1 STUDY OBJECTIVES 17
  • 1.2 PRODUCT DEFINITION 17
    • 1.2.1 INCLUSIONS & EXCLUSIONS 18
  • 1.3 MARKET SCOPE 18
  • 1.4 LIMITATIONS 19
  • 1.5 STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20

  • 2.1 RESEARCH DATA 20
    • 2.1.1 SECONDARY DATA 21
      • 2.1.1.1 Key secondary sources 21
      • 2.1.1.2 Key data from secondary sources 22
    • 2.1.2 PRIMARY DATA 22
    • 2.1.3 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 23
    • 2.1.4 PRIMARY PARTICIPANTS 23
  • 2.2 FACTOR ANALYSIS 24
    • 2.2.1 INTRODUCTION 24
    • 2.2.2 DEMAND-SIDE ANALYSIS 24
      • 2.2.2.1 Increasing demand for electric low-speed vehicle applications 24
    • 2.2.3 SUPPLY-SIDE ANALYSIS 25
      • 2.2.3.1 Technological advancements and diversification in automotive industry 25
  • 2.3 MARKET SIZE ESTIMATION 25
    • 2.3.1 BOTTOM-UP APPROACH: MARKET SIZE ESTIMATION METHODOLOGY OF GLOBAL LOW-SPEED VEHICLES (BY VEHICLE TYPE AND APPLICATION) 26
    • 2.3.2 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY OF GLOBAL LOW-SPEED VEHICLES (BY PROPULSION TYPE AND POWER OUTPUT) 26
  • 2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 27
  • 2.5 ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 30

4 PREMIUM INSIGHTS 32

  • 4.1 ATTRACTIVE OPPORTUNITIES IN LOW-SPEED VEHICLE MARKET 32
  • 4.2 LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE 32
  • 4.3 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE 33
  • 4.4 LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE 33
  • 4.5 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT 34
  • 4.6 LOW-SPEED VEHICLE MARKET, BY REGION 34

5 RECOMMENDATIONS BY MARKETSANDMARKETS 35

  • 5.1 LOW-SPEED VEHICLE MANUFACTURERS SHOULD FOCUS ON NORTH AMERICA AS PRIORITY MARKET 35
  • 5.2 COMPANIES SHOULD ENHANCE FOCUS ON SAFETY FEATURES AND ELECTRIC VEHICLES 35
  • 5.3 CONCLUSION 35

6 MARKET OVERVIEW 36

  • 6.1 INTRODUCTION 36
  • 6.2 YEARS CONSIDERED 36
  • 6.3 MARKET DYNAMICS 37
    • 6.3.1 DRIVERS 37
      • 6.3.1.1 Rising geriatric population to drive demand for LSVs 37
      • 6.3.1.2 Growing electric vehicle charging infrastructure to boost demand for LSVs 38
      • 6.3.1.3 Increasing stringent emission regulations to raise demand for low-speed electric vehicles 39
    • 6.3.2 RESTRAINTS 40
      • 6.3.2.1 Lack of safety standards/equipment 40
    • 6.3.3 OPPORTUNITIES 40
      • 6.3.3.1 Growing advancements in mobility solutions 40
      • 6.3.3.2 Increasing use of lithium-ion batteries in low-speed vehicles 40
      • 6.3.3.3 Rising deployment of connected technology and autonomous low-speed vehicles 41
    • 6.3.4 CHALLENGES 41
      • 6.3.4.1 Development of fail-safe electronic and electrical components 41
      • 6.3.4.2 Cost reduction and improved energy density of EV batteries 41
  • 6.4 US LSV REGULATIONS, BY STATE 42
  • 6.5 SUPPLY CHAIN 47
  • 6.6 LOW-SPEED VEHICLE MARKET, SCENARIOS ANALYSIS 47
    • 6.6.1 MOST LIKELY SCENARIO 47
    • 6.6.2 OPTIMISTIC SCENARIO 48
    • 6.6.3 PESSIMISTIC SCENARIO 49
  • 6.7 IMPACT OF COVID-19 49
    • 6.7.1 COVID-19 HEALTH ASSESSMENT 49
    • 6.7.2 IMPACT ON LOW-SPEED VEHICLE MARKET 51

7 LOW-SPEED VEHICLE MARKET, BY VEHICLE TYPE 53

  • 7.1 INTRODUCTION 54
    • 7.1.1 RESEARCH METHODOLOGY 54
    • 7.1.2 ASSUMPTIONS 54
    • 7.1.3 INDUSTRY INSIGHTS 55
  • 7.2 GOLF CART 56
    • 7.2.1 INCREASE IN NUMBER OF GOLF COURSES IS EXPECTED TO PROPEL GOLF CART MARKET GROWTH 56
  • 7.3 COMMERCIAL TURF UTILITY VEHICLE 57
    • 7.3.1 HOTELS & RESORTS LIKELY TO BOOST DEMAND FOR COMMERCIAL TURF UTILITY VEHICLES 57
  • 7.4 INDUSTRIAL UTILITY VEHICLE 59
    • 7.4.1 GROWING CONSTRUCTION SECTOR LIKELY TO DRIVE DEMAND FOR INDUSTRIAL UTILITY VEHICLES 59
  • 7.5 PERSONAL MOBILITY VEHICLE 60
    • 7.5.1 RISE IN DOMESTIC TRAVEL TO DRIVE PERSONAL MOBILITY MARKET 60

8 LOW-SPEED VEHICLE MARKET, BY APPLICATION TYPE 61

  • 8.1 INTRODUCTION 62
    • 8.1.1 RESEARCH METHODOLOGY 62
    • 8.1.2 ASSUMPTIONS 62
    • 8.1.3 INDUSTRY INSIGHTS 62
  • 8.2 GOLF COURSES 64
    • 8.2.1 DEVELOPMENT OF NEW GOLF COURSES TO DRIVE DEMAND FOR GOLF CARTS 64
  • 8.3 HOTELS & RESORTS 65
    • 8.3.1 INVESTMENTS IN HOSPITALITY SECTOR TO DRIVE LOW-SPEED VEHICLE MARKET 65
  • 8.4 AIRPORTS 66
    • 8.4.1 LOW OPERATING COST OF ELECTRIC LOW-SPEED VEHICLES AND INCREASE IN AIR CARGO TO BOOST MARKET GROWTH 66
  • 8.5 INDUSTRIAL FACILITIES 67
    • 8.5.1 GROWTH OF MANUFACTURING SECTOR TO INCREASE DEMAND FOR LOW-SPEED VEHICLES 67

9 LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE 68

  • 9.1 INTRODUCTION 69
    • 9.1.1 RESEARCH METHODOLOGY 69
    • 9.1.2 INDUSTRY INSIGHTS 69
  • 9.2 ELECTRIC 71
    • 9.2.1 INVESTMENTS IN CHARGING INFRASTRUCTURE LIKELY TO FUEL DEMAND FOR ELECTRIC LSV 71
  • 9.3 GASOLINE 72
    • 9.3.1 RANGE ANXIETY OF ELECTRIC VEHICLES TO DRIVE GASOLINE LOW-SPEED VEHICLE MARKET 72
  • 9.4 DIESEL 73
    • 9.4.1 LACK OF CHARGING INFRASTRUCTURE IN ROW LIKELY TO FUEL DEMAND FOR DIESEL LSV IN NEAR FUTURE 73

10 LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT 74

  • 10.1 INTRODUCTION 75
    • 10.1.1 RESEARCH METHODOLOGY 75
    • 10.1.2 INDUSTRY INSIGHTS 75
  • 10.2 <8 KW 77
    • 10.2.1 RISING DEMAND FOR LSV IN GOLF COURSES AND RESORTS IS LIKELY TO FUEL DEMAND FOR LOW-POWER OUTPUT LSV 77
  • 10.3 8 -15 KW 78
    • 10.3.1 RISING DEMAND IN HOTELS & RESORTS TO BOLSTER DEMAND FOR LSV WITH POWER OUTPUT RANGE OF 8-15 KW 78
  • 10.4 >15 KW 79
    • 10.4.1 RISING DEMAND IN INDUSTRIAL SEGMENT ANTICIPATED TO BOOST MARKET GROWTH 79

11 LOW-SPEED VEHICLE MARKET, BY REGION 80

  • 11.1 INTRODUCTION 81
    • 11.1.1 RESEARCH METHODOLOGY 82
    • 11.1.2 ASSUMPTIONS 82
    • 11.1.3 INDUSTRY INSIGHTS 82
  • 11.2 APAC 84
    • 11.2.1 CHINA 86
      • 11.2.1.1 Growth of industrial sector is driving LSV market 86
    • 11.2.2 INDIA 87
      • 11.2.2.1 Growth in tourism and hospitality sectors is likely to boost demand for LSVs 87
    • 11.2.3 JAPAN 88
      • 11.2.3.1 High demand for industrial utility vehicles is likely to propel market growth 88
    • 11.2.4 SOUTH KOREA 89
      • 11.2.4.1 Low-speed vehicle market is largely driven by high growth opportunities in industrial and tourism sectors 89
    • 11.2.5 THAILAND 90
      • 11.2.5.1 Owing to affordable golfing demand for LSVs to increase in Thailand 90
    • 11.2.6 REST OF APAC 91
  • 11.3 NORTH AMERICA 92
    • 11.3.1 US 93
      • 11.3.1.1 Rising demand for zero-emission vehicles and growth of tourism industry to drive US market 93
    • 11.3.2 MEXICO 94
      • 11.3.2.1 Growing hospitality sector to drive Mexican low-speed vehicle market 94
    • 11.3.3 CANADA 95
      • 11.3.3.1 Increasing demand for LSVs in golf courses likely to drive Canadian low-speed vehicle market 95
  • 11.4 EUROPE 96
    • 11.4.1 UK 98
      • 11.4.1.1 Commercial turf utility vehicles to hold lion's share in UK 98
    • 11.4.2 FRANCE 99
      • 11.4.2.1 Golf carts projected to be fastest-growing segment in French LSV market, by vehicle type 99
    • 11.4.3 GERMANY 100
      • 11.4.3.1 Demand for golf carts is anticipated to grow at faster rate 100
    • 11.4.4 NORDIC 101
      • 11.4.4.1 Commercial utility vehicles to remain most attractive segment throughout forecast period 101
    • 11.4.5 ITALY 102
      • 11.4.5.1 Tourism is likely to increase demand for LSVs in Italy 102
    • 11.4.6 SPAIN 103
      • 11.4.6.1 Commercial turf utility vehicles to create significant revenue opportunities in Spain 103
  • 11.5 ROW 104
    • 11.5.1 SOUTH AFRICA 105
      • 11.5.1.1 Increase in number of golf courses likely to increase demand for LSVs in South Africa 105
    • 11.5.2 BRAZIL 106
      • 11.5.2.1 Hotels and world-class golf courses likely to boost demand for LSVs 106
    • 11.5.3 IRAN 107
      • 11.5.3.1 Growth of travel and tourism industry to boost growth of LSVs 107

12 COMPETITIVE LANDSCAPE 108

  • 12.1 OVERVIEW 108
  • 12.2 MARKET RANKING ANALYSIS 108
  • 12.3 COMPETITIVE LEADERSHIP MAPPING 109
    • 12.3.1 TERMINOLOGY 109
    • 12.3.2 VISIONARY LEADERS 110
    • 12.3.3 INNOVATORS 110
    • 12.3.4 DYNAMIC DIFFERENTIATORS 110
    • 12.3.5 EMERGING COMPANIES 110
  • 12.4 COMPETITIVE LEADERSHIP MATRIX 111
    • 12.4.1 STRENGTH OF PRODUCT PORTFOLIO 112
    • 12.4.2 BUSINESS STRATEGY EXCELLENCE 113
  • 12.5 RIGHT TO WIN 114
  • 12.6 COMPETITIVE SCENARIO 118
    • 12.6.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES 118
    • 12.6.2 EXPANSIONS, 2018-2019 119
    • 12.6.3 ACQUISITIONS/PARTNERSHIPS/AGREEMENTS, 2018-2020 120

13 COMPANY PROFILES 121

  • 13.1 POLARIS INC. 121

(Business Overview, Products Offered, Recent Developments, and SWOT Analysis)*

  • 13.2 TEXTRON INC. 124
  • 13.3 DEERE & COMPANY 128
  • 13.4 THE TORO COMPANY 131
  • 13.5 INGERSOLL-RAND 133
  • 13.6 YAMAHA MOTOR CORPORATION 136
  • 13.7 KUBOTA CORPORATION 139
  • 13.8 AMERICAN LANDMASTER 141
  • 13.9 COLUMBIA VEHICLE GROUP INC. 141
  • 13.10 ADDITIONAL COMPANIES 142
    • 13.10.1 NORTH AMERICA 142
      • 13.10.1.1 AGT Electric Cars 142
      • 13.10.1.2 Bintelli Electric Vehicles 143
    • 13.10.2 ASIA PACIFIC 144
      • 13.10.2.1 Suzhou Eagle Electric Vehicle Manufacturing 144
      • 13.10.2.2 speedways electric 146
      • 13.10.2.3 Marshell 147
    • 13.10.3 NORTH AMERICA 147
      • 13.10.3.1 Garia 147
      • 13.10.3.2 Star EV 147
      • 13.10.3.3 HDK electric vehicle 147
      • 13.10.3.4 Tropos Technologies 148
    • 13.10.4 ROW 148
      • 13.10.4.1 Pilotcars 148

Details on Business Overview, Products Offered, Recent Developments, and SWOT Analysis not be captured in case of unlisted companies.

14 APPENDIX 149

  • 14.1 CURRENCY & PRICING 149
  • 14.2 KEY INSIGHTS OF INDUSTRY EXPERTS 150
  • 14.3 DISCUSSION GUIDE 151
  • 14.4 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 153
  • 14.5 AVAILABLE CUSTOMIZATIONS 155
    • 14.5.1 GLOBAL LOW-SPEED VEHICLE MARKET, BY PROPULSION TYPE, BY COUNTRY 155
      • 14.5.1.1 North America (US, Canada, Mexico) 155
      • 14.5.1.2 Europe (UK, France, Germany, Nordic, Italy, and Spain) 155
      • 14.5.1.3 APAC (China, India, Japan, South Korea, and Thailand) 155
    • 14.5.2 GLOBAL LOW-SPEED VEHICLE MARKET, BY POWER OUTPUT, BY COUNTRY 155
      • 14.5.2.1 North America (US, Canada, Mexico) 155
      • 14.5.2.2 Europe (UK, France, Germany, Nordic, Italy, and Spain) 155
      • 14.5.2.3 APAC (China, India, Japan, South Korea, and Thailand) 155
  • 14.6 RELATED REPORTS 155
  • 14.7 AUTHOR DETAILS 156