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低速車市場- 世界の産業規模、シェア、動向、機会、予測、推進タイプ別、車両タイプ別、用途別、地域別、競合、2019年~2029年

Low Speed Vehicle Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Propulsion Type, By Vehicle Type, By Application, By Region & Competition, 2019-2029F


出版日
ページ情報
英文 183 Pages
納期
2~3営業日
カスタマイズ可能
価格
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低速車市場- 世界の産業規模、シェア、動向、機会、予測、推進タイプ別、車両タイプ別、用途別、地域別、競合、2019年~2029年
出版日: 2024年11月15日
発行: TechSci Research
ページ情報: 英文 183 Pages
納期: 2~3営業日
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  • 全表示
  • 概要
  • 目次
概要

低速車の世界市場規模は2023年に123億1,000万米ドル、予測期間中のCAGRは8.62%で2029年には201億2,000万米ドルに達すると予測されています。

低速車両は、最高速度が時速25マイルに制限され、総重量が1,400kg未満であることが特徴で、主に産業、商業、共同輸送の場面で機能します。その用途はゴルフ・カートから近所の乗り物まで幅広く、適応性と使い勝手の良さを示しています。

市場概要
予測期間 2025-2029
市場規模:2023年 123億1,000万米ドル
市場規模:2029年 201億2,000万米ドル
CAGR:2024年~2029年 8.62%
急成長セグメント 電気自動車
最大市場 北米

電気自動車への嗜好の高まりは、その環境に優しい特性、電動パワートレイン、最小限の二酸化炭素排出量に大きく影響されており、従来の自動車と比較して二酸化炭素を23%削減することに貢献しています。この動向は、持続可能な輸送ソリューションに向けた、より広範な世界のシフトと一致しています。COVID-19パンデミックによる混乱は、生産減速による短期的な販売減少につながったもの、市場は回復・拡大基調にあります。

パンデミック以前の生産水準への回復に加え、電気推進力や自律走行機能などの技術的進歩が市場の将来性を高めています。低排出ガスを目標とする規制要件とともに、環境に対する関心の高まりが、低速車市場の技術革新に拍車をかけています。自律走行技術の出現と、低速車へのADAS(先進運転支援システム)などの機能の搭載は、新たな成長機会をもたらします。業界をリードする企業による戦略的な展開と技術革新・技術進歩への注力を通じて、世界の低速車市場は予測期間中に大きく拡大する戦略的な設定となっています。

主要市場促進要因

環境への配慮と持続可能性

規制による支援と奨励

主な市場課題

インフラの制約

交通混雑時の安全性への懸念

主要市場動向

自律走行低速車の出現

技術革新とカスタマイズ

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 世界の低速車市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 推進タイプ別(電気自動車、内燃機関)
    • 車両タイプ別(スポーツフィールドユーティリティビークル、商用ユーティリティビークル、パーソナルキャリア)
    • 用途別(スポーツフィールド、産業施設、空港、ホテル・リゾート)
    • 地域別
    • 上位5社、その他(2023)
  • 世界の低速車市場マッピング&機会評価
    • 推進タイプ別
    • 車両タイプ別
    • 用途別

第6章 北米の低速車市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 推進タイプ別
    • 車両タイプ別
    • 用途別
    • 国別

第7章 欧州の低速車市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 推進タイプ別
    • 車両タイプ別
    • 用途別
    • 国別

第8章 アジア太平洋地域の低速車市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 推進タイプ別
    • 車両タイプ別
    • 用途別
    • 国別

第9章 中東・アフリカの低速車市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 推進タイプ別
    • 車両タイプ別
    • 用途別
    • 国別

第10章 南米の低速車市場展望

  • 市場規模・予測
    • 金額別
  • 市場シェア・予測
    • 推進タイプ別
    • 車両タイプ別
    • 用途別
    • 国別

第11章 市場力学

  • 促進要因
  • 課題

第12章 COVID-19が世界の低速車市場に与える影響

  • 影響評価モデル
    • 影響を受ける主要セグメント
    • 影響を受ける主要地域
    • 影響を受ける主要国

第13章 市場動向と発展

第14章 競合情勢

  • 企業プロファイル
    • Textron, Inc
    • Polaris Inc
    • Club Car, LLC
    • Yamaha Motor Corporation, U.S.A.
    • Columbia Vehicle Group, Inc
    • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
    • ACG, Inc.
    • STAR EV Corporation
    • Alke s.r.l.
    • GEM WAEV, LLC

第15章 戦略的提言・アクションプラン

  • 主要な重点分野
  • ターゲット推進タイプ
  • 対象車両タイプ

第16章 調査会社について・免責事項

目次
Product Code: 26538

Global Low Speed Vehicle Market was valued at USD 12.31 Billion in 2023 and is expected to reach USD 20.12 Billion by 2029 with a CAGR of 8.62% during the forecast period. Low-speed vehicles, characterized by a restricted maximum speed of 25 mph and a gross weight less than 1,400 kg, primarily function in industrial, commercial, and communal transportation settings. Their use spans from golf carts to neighborhood vehicles, showcasing their adaptability and user-friendliness.

Market Overview
Forecast Period2025-2029
Market Size 2023USD 12.31 Billion
Market Size 2029USD 20.12 Billion
CAGR 2024-20298.62%
Fastest Growing SegmentElectric Vehicle
Largest MarketNorth America

The growing preference for these vehicles is largely influenced by their environmentally friendly attributes, electric powertrains, and minimized carbon emissions, contributing to a 23% reduction in carbon dioxide when compared with traditional vehicles. This trend aligns with a broader global shift towards sustainable transport solutions. Despite the disruptions caused by the COVID-19 pandemic which led to a short-term decrease in sales due to production slowdowns, the market is on a path to recovery and expansion.

The resurgence to pre-pandemic production levels, along with technological advancements like electric propulsion and autonomous driving capabilities, enhances the market's future prospects. The heightening concern for the environment, alongside regulatory requirements targeting lower emissions, is spurring innovation within the low-speed vehicle market. The emergence of autonomous technology and the incorporation of features such as Advanced Driver-Assistance Systems (ADAS) in low-speed vehicles present new growth opportunities. Through strategic deployments and a focus on innovation and technological advancements by leading industry players, the Global Low Speed Vehicle Market is strategically set for significant expansion over the forecast period.

Key Market Drivers

Eco-Friendliness and Sustainability

One of the principal driving factors in the Global Low Speed Vehicle Market is its eco-friendly nature. Growing awareness and a strong societal push to reduce carbon emissions fuel the demand for vehicles designed with sustainability in mind. Typically electric, low-speed vehicles offer a substantial reduction in carbon dioxide emissions compared to standard vehicles. Households utilizing both a low-speed vehicle and a traditional car report around a 23% decrease in emissions, as these vehicles leverage the ability to operate efficiently on a single charge. As the world becomes more focused on addressing environmental issues, the clear ecological advantages of low-speed vehicles are resonating with both individual consumers and businesses. These vehicles present not only an economical option in operational terms but also a viable response to urban pollution and emissions regulations, especially those gaining traction in larger economic areas. These benefits are promoting widespread adoption across various sectors, ranging from local commuting to campus transportation solutions, and support the ongoing global commitment to environmental sustainability.

Regulatory Support and Encouragement

Governmental regulations play an essential role in propelling the Global Low Speed Vehicle Market forward. In regions like North America, Asia, and Europe, there is a notable increase in government policies advocating for lower vehicle emissions and financially supporting the shift to electric vehicles. Strict government policies require manufacturers to align with low-emission vehicle standards, thus pushing a move towards cleaner technologies. For instance, regulatory initiatives such as the California Air Resources Board (CARB) promote Zero-Emission Vehicles (ZEVs), which include low-speed vehicles. Moreover, the financial architecture supports this through subsidies and tax incentives, making the purchase of electric low-speed vehicles more accessible for end-users. This governmental backing not only addresses climate change and pollution concerns but actively propels the market by enhancing consumer accessibility. The regulatory support is a crucial stimulant for industry innovation, pushing companies to constantly evolve their products to remain compliant with regulations while aligning with sustainability-driven consumer preferences. For instance, In August 2024, Walton County postponed a low-speed vehicle ordinance amid business owner opposition. The ordinance aimed to define LSVs as four-wheel vehicles with a top speed of 20-25 mph. It also sought to amend local regulations to improve public understanding of LSVs.

Key Market Challenges

Infrastructure Constraints

Infrastructure limitations present a significant obstacle to the growth trajectory of the Global Low Speed Vehicle Market. The integration of low-speed vehicles requires dedicated infrastructure, including charging stations, specific lanes, and specialized parking areas. Many areas lack the necessary infrastructure to effectively accommodate low-speed vehicles, thus restricting their practical use. In urban environments where higher-speed vehicles dominate the roads, the integration of these two speed categories without appropriate infrastructure raises safety issues and potential regulatory conflicts. The need for a comprehensive network of electric vehicle charging stations further complicates matters, as the pace of global infrastructure development does not match the rate of vehicle adoption. Without significant investment and strategic infrastructural planning, the full convenience and advantages offered by low-speed vehicles may remain untapped.

Safety Concerns in Mixed Traffic Conditions

Safety is a significant concern for the Global Low Speed Vehicle Market, primarily because these vehicles are engineered for lower speeds, generally under 25 mph. This feature raises concerns about their safety when they share roads with conventional, faster vehicles. While their slower nature provides benefits in controlled settings, it becomes a potential risk on regular streets, increasing the likelihood of accidents. The lack of comprehensive safety mechanisms tailored for lower-speed dynamics in mixed traffic environments further exacerbates these risks. If potential customers have reservations regarding safety, the uptake of these vehicles could be negatively impacted. Consequently, addressing these safety issues through advancements in technologies such as advanced driver assistance systems and implementing urban policies that accommodate mixed-speed traffic is crucial for maintaining market growth.

Key Market Trends

Emergence of Autonomous Low-Speed Vehicles

A key trend in the Global Low Speed Vehicle Market is the introduction of autonomous vehicle technologies. Autonomous Low Speed Vehicles (ALSVs) are increasingly being utilized across various sectors, particularly in controlled environments like college campuses, healthcare institutions, and retirement communities. These self-driving vehicles offer significant benefits in terms of safety and operational efficiency due to the integration of Advanced Driver-Assistance Systems (ADAS). Companies like Carteav already provide autonomous mobility services, underscoring the growing acceptance and use of this technology. Post-pandemic, it's expected that demand for autonomous golf carts will rise due to the enhanced social experience and operational efficiencies provided. This trend indicates an optimistic outlook, suggesting that autonomous functionalities are progressively becoming a key feature in the low-speed vehicle market. For instance, In September 2024, Ecar Technology, a Chinese low-speed self-driving vehicle startup, raised USD 28.1 million from investors like Guohe Capital and China Capital Management. The funds will be used to build a smart factory and increase production capacity. This aims to meet the rising demand for driverless vehicles.

Technological Innovations and Customization

Low-speed vehicles are experiencing a wave of technological enhancements, including features such as GPS integration, smartphone connectivity, and wireless charging capabilities. The desire for customization is growing, with consumers increasingly seeking vehicles that align with their personal tastes and functional needs. This consumer-driven trend has encouraged manufacturers to prioritize bespoke solutions and promote differentiation within the low-speed vehicle market, thereby attracting a wider audience. These innovative features, combined with the essential characteristics of a low-speed vehicle, make them attractive options for various applications, further driving industry growth. Golf carts equipped with integrated sensors that enhance user experiences by enabling equipment tracking are becoming popular, signifying a continuous evolution in customer expectations and technological adoption.

Segmental Insights

Propulsion Type Insights

Electric vehicles (EVs) are rapidly emerging as the fastest growing segment in the low-speed vehicle market due to increasing environmental awareness, favorable policies, and advances in battery technology. Consumers and companies are drawn to EVs for their eco-friendly attributes, as they produce no direct emissions, helping to reduce urban pollution. This aligns well with the global push for sustainable urban transportation solutions, particularly as cities prioritize reducing their carbon footprints. Consequently, both governmental and municipal authorities have introduced policies and incentives to support the adoption of electric LSVs, especially for short-distance commutes in urban settings, campuses, and resorts.

Technological advancements in battery and charging infrastructure have also boosted the adoption of electric LSVs. Improved battery efficiency has extended EV range and lowered costs, making them increasingly affordable. As a result, manufacturers have been able to offer LSVs that meet the needs of diverse sectors, including tourism, recreation, and utility applications, often replacing traditional gas-powered options. Lithium-ion batteries, which are lighter and more efficient than traditional options, further enhance LSV performance, extending both range and battery lifespan.

The convenience and cost-effectiveness of electric LSVs for short trips make them attractive to a wide range of consumers. In many cases, these vehicles are easier to maintain and operate than gasoline-powered models, with lower fuel costs and fewer moving parts. These factors, combined with increased consumer demand for clean energy solutions, have positioned electric LSVs as the preferred choice for various settings, from residential areas to industrial sites, and continue to drive the segment's rapid growth within the LSV market.

Regional Insights

North America dominated the low-speed vehicle market primarily due to a combination of favorable regulatory frameworks, a robust consumer base, and advancements in technology. One key factor is the strong emphasis on sustainability and eco-friendliness within the region, which aligns well with the growing adoption of LSVs, particularly electric models. Many municipalities across North America have enacted regulations promoting the use of LSVs to reduce urban congestion and lower emissions, creating a conducive environment for growth in this market segment.

The presence of established manufacturers and a diverse range of offerings significantly contribute to North America's dominance. Companies like E-Z-GO, Polaris, and GEM (Global Electric Motorcars) have a strong foothold in the region, providing a wide variety of models for personal and commercial use. This competition fosters innovation and keeps prices competitive, encouraging more consumers to consider LSVs for personal transport, recreational use, and even short-distance commuting.

The growing popularity of sustainable transportation solutions is reflected in the increasing adoption of electric LSVs, especially in residential areas, golf courses, and commercial developments. The development of charging infrastructure and advancements in battery technology enhance the practicality of electric LSVs, making them a preferred choice for many users.

The cultural acceptance of LSVs in North America, particularly in suburban and resort communities, drives demand. Consumers are increasingly recognizing the benefits of using LSVs for short trips, further solidifying their place in the transportation ecosystem. Collectively, these factors ensure that North America remains at the forefront of the LSV market, outpacing other regions in terms of sales and adoption rates.

Key Market Players

  • Textron, Inc
  • Polaris Inc
  • Club Car, LLC
  • Yamaha Motor Corporation, U.S.A.
  • Columbia Vehicle Group, Inc
  • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
  • ACG, Inc.
  • STAR EV Corporation
  • Alke s.r.l.
  • GEM WAEV, LLC

Report Scope:

In this report, the Global Low Speed Vehicle Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Low Speed Vehicle Market, By Propulsion Type:

  • Electric Vehicle
  • ICE

Low Speed Vehicle Market, By Vehicle Type:

  • Sports Field Utility Vehicle
  • Commercial Utility Vehicle
  • Personal Carrier

Low Speed Vehicle Market, By Application:

  • Sports Field
  • Industrial Facilities
  • Airports
  • Hotels & Resort

Low Speed Vehicle Market, By Region:

  • North America
    • United States
    • Canada
    • Mexico
  • Europe & CIS
    • France
    • Germany
    • Spain
    • Italy
    • United Kingdom
  • Asia-Pacific
    • China
    • Japan
    • India
    • Vietnam
    • South Korea
    • Australia
    • Thailand
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey
    • Egypt
  • South America
    • Brazil
    • Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Low Speed Vehicle Market.

Available Customizations:

Global Low Speed Vehicle Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Introduction

  • 1.1. Product Overview
  • 1.2. Key Highlights of the Report
  • 1.3. Market Coverage
  • 1.4. Market Segments Covered
  • 1.5. Research Tenure Considered

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Market Overview
  • 3.2. Market Forecast
  • 3.3. Key Regions
  • 3.4. Key Segments

4. Voice of Customer

  • 4.1. Factors Influencing Purchase Decision
  • 4.2. Sources of Information

5. Global Low Speed Vehicle Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Propulsion Type Market Share Analysis (Electric Vehicle and ICE)
    • 5.2.2. By Vehicle Type Market Share Analysis (Sports Field Utility Vehicle, Commercial Utility vehicle and Personal Carrier)
    • 5.2.3. By Application Market Share Analysis (Sports Field, Industrial Facilities, Airports, and Hotels & Resort)
    • 5.2.4. By Regional Market Share Analysis
      • 5.2.4.1. North America Market Share Analysis
      • 5.2.4.2. Europe Market Share Analysis
      • 5.2.4.3. Asia-Pacific Market Share Analysis
      • 5.2.4.4. Middle East & Africa Market Share Analysis
      • 5.2.4.5. South America Market Share Analysis
    • 5.2.5. By Top 5 Companies Market Share Analysis, Others (2023)
  • 5.3. Global Low Speed Vehicle Market Mapping & Opportunity Assessment
    • 5.3.1. By Propulsion Type Market Mapping & Opportunity Assessment
    • 5.3.2. By Vehicle Type Market Mapping & Opportunity Assessment
    • 5.3.3. By Application Market Mapping & Opportunity Assessment

6. North America Low Speed Vehicle Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Propulsion Type Market Share Analysis
    • 6.2.2. By Vehicle Type Market Share Analysis
    • 6.2.3. By Application Market Share Analysis
    • 6.2.4. By Country Market Share Analysis
      • 6.2.4.1. United States Low Speed Vehicle Market Outlook
        • 6.2.4.1.1. Market Size & Forecast
        • 6.2.4.1.1.1. By Value
        • 6.2.4.1.2. Market Share & Forecast
        • 6.2.4.1.2.1. By Propulsion Type Market Share Analysis
        • 6.2.4.1.2.2. By Vehicle Type Market Share Analysis
        • 6.2.4.1.2.3. By Application Market Share Analysis
      • 6.2.4.2. Canada Low Speed Vehicle Market Outlook
        • 6.2.4.2.1. Market Size & Forecast
        • 6.2.4.2.1.1. By Value
        • 6.2.4.2.2. Market Share & Forecast
        • 6.2.4.2.2.1. By Propulsion Type Market Share Analysis
        • 6.2.4.2.2.2. By Vehicle Type Market Share Analysis
        • 6.2.4.2.2.3. By Application Market Share Analysis
      • 6.2.4.3. Mexico Low Speed Vehicle Market Outlook
        • 6.2.4.3.1. Market Size & Forecast
        • 6.2.4.3.1.1. By Value
        • 6.2.4.3.2. Market Share & Forecast
        • 6.2.4.3.2.1. By Propulsion Type Market Share Analysis
        • 6.2.4.3.2.2. By Vehicle Type Market Share Analysis
        • 6.2.4.3.2.3. By Application Market Share Analysis

7. Europe Low Speed Vehicle Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Propulsion Type Market Share Analysis
    • 7.2.2. By Vehicle Type Market Share Analysis
    • 7.2.3. By Application Market Share Analysis
    • 7.2.4. By Country Market Share Analysis
      • 7.2.4.1. Germany Low Speed Vehicle Market Outlook
        • 7.2.4.1.1. Market Size & Forecast
        • 7.2.4.1.1.1. By Value
        • 7.2.4.1.2. Market Share & Forecast
        • 7.2.4.1.2.1. By Propulsion Type Market Share Analysis
        • 7.2.4.1.2.2. By Vehicle Type Market Share Analysis
        • 7.2.4.1.2.3. By Application Market Share Analysis
      • 7.2.4.2. France Low Speed Vehicle Market Outlook
        • 7.2.4.2.1. Market Size & Forecast
        • 7.2.4.2.1.1. By Value
        • 7.2.4.2.2. Market Share & Forecast
        • 7.2.4.2.2.1. By Propulsion Type Market Share Analysis
        • 7.2.4.2.2.2. By Vehicle Type Market Share Analysis
        • 7.2.4.2.2.3. By Application Market Share Analysis
      • 7.2.4.3. Spain Low Speed Vehicle Market Outlook
        • 7.2.4.3.1. Market Size & Forecast
        • 7.2.4.3.1.1. By Value
        • 7.2.4.3.2. Market Share & Forecast
        • 7.2.4.3.2.1. By Propulsion Type Market Share Analysis
        • 7.2.4.3.2.2. By Vehicle Type Market Share Analysis
        • 7.2.4.3.2.3. By Application Market Share Analysis
      • 7.2.4.4. Italy Low Speed Vehicle Market Outlook
        • 7.2.4.4.1. Market Size & Forecast
        • 7.2.4.4.1.1. By Value
        • 7.2.4.4.2. Market Share & Forecast
        • 7.2.4.4.2.1. By Propulsion Type Market Share Analysis
        • 7.2.4.4.2.2. By Vehicle Type Market Share Analysis
        • 7.2.4.4.2.3. By Application Market Share Analysis
      • 7.2.4.5. United Kingdom Low Speed Vehicle Market Outlook
        • 7.2.4.5.1. Market Size & Forecast
        • 7.2.4.5.1.1. By Value
        • 7.2.4.5.2. Market Share & Forecast
        • 7.2.4.5.2.1. By Propulsion Type Market Share Analysis
        • 7.2.4.5.2.2. By Vehicle Type Market Share Analysis
        • 7.2.4.5.2.3. By Application Market Share Analysis

8. Asia-Pacific Low Speed Vehicle Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Propulsion Type Market Share Analysis
    • 8.2.2. By Vehicle Type Market Share Analysis
    • 8.2.3. By Application Market Share Analysis
    • 8.2.4. By Country Market Share Analysis
      • 8.2.4.1. China Low Speed Vehicle Market Outlook
        • 8.2.4.1.1. Market Size & Forecast
        • 8.2.4.1.1.1. By Value
        • 8.2.4.1.2. Market Share & Forecast
        • 8.2.4.1.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.1.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.1.2.3. By Application Market Share Analysis
      • 8.2.4.2. Japan Low Speed Vehicle Market Outlook
        • 8.2.4.2.1. Market Size & Forecast
        • 8.2.4.2.1.1. By Value
        • 8.2.4.2.2. Market Share & Forecast
        • 8.2.4.2.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.2.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.2.2.3. By Application Market Share Analysis
      • 8.2.4.3. India Low Speed Vehicle Market Outlook
        • 8.2.4.3.1. Market Size & Forecast
        • 8.2.4.3.1.1. By Value
        • 8.2.4.3.2. Market Share & Forecast
        • 8.2.4.3.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.3.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.3.2.3. By Application Market Share Analysis
      • 8.2.4.4. Thailand Low Speed Vehicle Market Outlook
        • 8.2.4.4.1. Market Size & Forecast
        • 8.2.4.4.1.1. By Value
        • 8.2.4.4.2. Market Share & Forecast
        • 8.2.4.4.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.4.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.4.2.3. By Application Market Share Analysis
      • 8.2.4.5. South Korea Low Speed Vehicle Market Outlook
        • 8.2.4.5.1. Market Size & Forecast
        • 8.2.4.5.1.1. By Value
        • 8.2.4.5.2. Market Share & Forecast
        • 8.2.4.5.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.5.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.5.2.3. By Application Market Share Analysis
      • 8.2.4.6. Vietnam Low Speed Vehicle Market Outlook
        • 8.2.4.6.1. Market Size & Forecast
        • 8.2.4.6.1.1. By Value
        • 8.2.4.6.2. Market Share & Forecast
        • 8.2.4.6.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.6.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.6.2.3. By Application Market Share Analysis
      • 8.2.4.7. Australia Low Speed Vehicle Market Outlook
        • 8.2.4.7.1. Market Size & Forecast
        • 8.2.4.7.1.1. By Value
        • 8.2.4.7.2. Market Share & Forecast
        • 8.2.4.7.2.1. By Propulsion Type Market Share Analysis
        • 8.2.4.7.2.2. By Vehicle Type Market Share Analysis
        • 8.2.4.7.2.3. By Application Market Share Analysis

9. Middle East & Africa Low Speed Vehicle Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Propulsion Type Market Share Analysis
    • 9.2.2. By Vehicle Type Market Share Analysis
    • 9.2.3. By Application Market Share Analysis
    • 9.2.4. By Country Market Share Analysis
      • 9.2.4.1. South Africa Low Speed Vehicle Market Outlook
        • 9.2.4.1.1. Market Size & Forecast
        • 9.2.4.1.1.1. By Value
        • 9.2.4.1.2. Market Share & Forecast
        • 9.2.4.1.2.1. By Propulsion Type Market Share Analysis
        • 9.2.4.1.2.2. By Vehicle Type Market Share Analysis
        • 9.2.4.1.2.3. By Application Market Share Analysis
      • 9.2.4.2. Saudi Arabia Low Speed Vehicle Market Outlook
        • 9.2.4.2.1. Market Size & Forecast
        • 9.2.4.2.1.1. By Value
        • 9.2.4.2.2. Market Share & Forecast
        • 9.2.4.2.2.1. By Propulsion Type Market Share Analysis
        • 9.2.4.2.2.2. By Vehicle Type Market Share Analysis
        • 9.2.4.2.2.3. By Application Market Share Analysis
      • 9.2.4.3. UAE Low Speed Vehicle Market Outlook
        • 9.2.4.3.1. Market Size & Forecast
        • 9.2.4.3.1.1. By Value
        • 9.2.4.3.2. Market Share & Forecast
        • 9.2.4.3.2.1. By Propulsion Type Market Share Analysis
        • 9.2.4.3.2.2. By Vehicle Type Market Share Analysis
        • 9.2.4.3.2.3. By Application Market Share Analysis
      • 9.2.4.4. Turkey Low Speed Vehicle Market Outlook
        • 9.2.4.4.1. Market Size & Forecast
        • 9.2.4.4.1.1. By Value
        • 9.2.4.4.2. Market Share & Forecast
        • 9.2.4.4.2.1. By Propulsion Type Market Share Analysis
        • 9.2.4.4.2.2. By Vehicle Type Market Share Analysis
        • 9.2.4.4.2.3. By Application Market Share Analysis
      • 9.2.4.5. Egypt Low Speed Vehicle Market Outlook
        • 9.2.4.5.1. Market Size & Forecast
        • 9.2.4.5.1.1. By Value
        • 9.2.4.5.2. Market Share & Forecast
        • 9.2.4.5.2.1. By Propulsion Type Market Share Analysis
        • 9.2.4.5.2.2. By Vehicle Type Market Share Analysis
        • 9.2.4.5.2.3. By Application Market Share Analysis

10. South America Low Speed Vehicle Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Propulsion Type Market Share Analysis
    • 10.2.2. By Vehicle Type Market Share Analysis
    • 10.2.3. By Application Market Share Analysis
    • 10.2.4. By Country Market Share Analysis
      • 10.2.4.1. Brazil Low Speed Vehicle Market Outlook
        • 10.2.4.1.1. Market Size & Forecast
        • 10.2.4.1.1.1. By Value
        • 10.2.4.1.2. Market Share & Forecast
        • 10.2.4.1.2.1. By Propulsion Type Market Share Analysis
        • 10.2.4.1.2.2. By Vehicle Type Market Share Analysis
        • 10.2.4.1.2.3. By Application Market Share Analysis
      • 10.2.4.2. Argentina Low Speed Vehicle Market Outlook
        • 10.2.4.2.1. Market Size & Forecast
        • 10.2.4.2.1.1. By Value
        • 10.2.4.2.2. Market Share & Forecast
        • 10.2.4.2.2.1. By Propulsion Type Market Share Analysis
        • 10.2.4.2.2.2. By Vehicle Type Market Share Analysis
        • 10.2.4.2.2.3. By Application Market Share Analysis

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Impact of COVID-19 on Global Low Speed Vehicle Market

  • 12.1. Impact Assessment Model
    • 12.1.1. Key Segments Impacted
    • 12.1.2. Key Regions Impacted
    • 12.1.3. Key Countries Impacted

13. Market Trends & Developments

14. Competitive Landscape

  • 14.1. Company Profiles
    • 14.1.1. Textron, Inc
      • 14.1.1.1. Company Details
      • 14.1.1.2. Products
      • 14.1.1.3. Financials (As Per Availability)
      • 14.1.1.4. Key Market Focus & Geographical Presence
      • 14.1.1.5. Recent Developments
      • 14.1.1.6. Key Management Personnel
    • 14.1.2. Polaris Inc
      • 14.1.2.1. Company Details
      • 14.1.2.2. Products
      • 14.1.2.3. Financials (As Per Availability)
      • 14.1.2.4. Key Market Focus & Geographical Presence
      • 14.1.2.5. Recent Developments
      • 14.1.2.6. Key Management Personnel
    • 14.1.3. Club Car, LLC
      • 14.1.3.1. Company Details
      • 14.1.3.2. Products
      • 14.1.3.3. Financials (As Per Availability)
      • 14.1.3.4. Key Market Focus & Geographical Presence
      • 14.1.3.5. Recent Developments
      • 14.1.3.6. Key Management Personnel
    • 14.1.4. Yamaha Motor Corporation, U.S.A.
      • 14.1.4.1. Company Details
      • 14.1.4.2. Products
      • 14.1.4.3. Financials (As Per Availability)
      • 14.1.4.4. Key Market Focus & Geographical Presence
      • 14.1.4.5. Recent Developments
      • 14.1.4.6. Key Management Personnel
    • 14.1.5. Columbia Vehicle Group, Inc
      • 14.1.5.1. Company Details
      • 14.1.5.2. Products
      • 14.1.5.3. Financials (As Per Availability)
      • 14.1.5.4. Key Market Focus & Geographical Presence
      • 14.1.5.5. Recent Developments
      • 14.1.5.6. Key Management Personnel
    • 14.1.6. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd
      • 14.1.6.1. Company Details
      • 14.1.6.2. Products
      • 14.1.6.3. Financials (As Per Availability)
      • 14.1.6.4. Key Market Focus & Geographical Presence
      • 14.1.6.5. Recent Developments
      • 14.1.6.6. Key Management Personnel
    • 14.1.7. ACG, Inc.
      • 14.1.7.1. Company Details
      • 14.1.7.2. Products
      • 14.1.7.3. Financials (As Per Availability)
      • 14.1.7.4. Key Market Focus & Geographical Presence
      • 14.1.7.5. Recent Developments
      • 14.1.7.6. Key Management Personnel
    • 14.1.8. STAR EV Corporation
      • 14.1.8.1. Company Details
      • 14.1.8.2. Products
      • 14.1.8.3. Financials (As Per Availability)
      • 14.1.8.4. Key Market Focus & Geographical Presence
      • 14.1.8.5. Recent Developments
      • 14.1.8.6. Key Management Personnel
    • 14.1.9. Alke s.r.l.
      • 14.1.9.1. Company Details
      • 14.1.9.2. Products
      • 14.1.9.3. Financials (As Per Availability)
      • 14.1.9.4. Key Market Focus & Geographical Presence
      • 14.1.9.5. Recent Developments
      • 14.1.9.6. Key Management Personnel
    • 14.1.10. GEM WAEV, LLC
      • 14.1.10.1. Company Details
      • 14.1.10.2. Products
      • 14.1.10.3. Financials (As Per Availability)
      • 14.1.10.4. Key Market Focus & Geographical Presence
      • 14.1.10.5. Recent Developments
      • 14.1.10.6. Key Management Personnel

15. Strategic Recommendations/Action Plan

  • 15.1. Key Focus Areas
  • 15.2. Target Propulsion Type
  • 15.3. Target Vehicle Type

16. About Us & Disclaimer