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Market Outlook
The global low speed vehicle market attained a value of USD 3.6 billion in 2019. The industry is further expected to grow at a CAGR of 3.2% in the forecast period of 2020-2025 to reach a value of USD 4.4 billion by 2025. The low speed vehicle market growth is being driven by the increasing trend for low speed cars in gated societies, resorts, industrial, and university campuses.
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Properties and Applications
A low speed vehicle is a four-wheeled motor vehicle with a speed of 30 kmph to 40kmph and gross vehicle weight of up to 1,360 kg. The various types of low speed vehicle include:
The end uses of low speed vehicle are:
The EMR report looks into the regional markets for low speed vehicles like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The global low speed vehicle market is being driven by the enactment of strict laws and regulations by the governments on vehicle emissions. The rise in pollution, technological advances, and the automotive industry, along with the fall in fossil fuel stocks, are further fuelling the demand growth of the global low speed vehicles industry. In addition, advances in ride-hailing and embedded mobility alternatives is expected to support the anticipated growth of the low speed vehicle industry. However, since the authorities have not defined the security requirements for these cars, it might hinder the growth of the industry.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global low speed vehicle market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Questions Answered in the Report:
1 Preface
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3 Executive Summary
3.1 Market Overview
3.2 Market Analysis
4 Global Low Speed Vehicle Market Analysis
4.1 Global Low Speed Vehicle Market (2015-2019) & Forecast (2020-2025)
4.2 Global Low Speed Vehicle Market Breakup by Type
4.2.1 Passenger Vehicle
4.2.2 Heavy Duty Vehicle
4.2.3 Utility Vehicle
4.2.4 Off-Road Vehicle
4.3 Global Low Speed Vehicle Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
4.3.1 Passenger Vehicle
4.3.2 Heavy Duty Vehicle
4.3.3 Utility Vehicle
4.3.4 Off-Road Vehicle
4.4 Global Low Speed Vehicle Market Breakup by End Use
4.4.1 Golf Courses
4.4.2 Tourist Destinations
4.4.3 Hotels & Resorts
4.4.4 Airports
4.4.5 Residential & Commercial Premises
4.5 Global Low Speed Vehicle Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
4.5.1 Golf Courses
4.5.2 Tourist Destinations
4.5.3 Hotels & Resorts
4.5.4 Airports
4.5.5 Residential & Commercial Premises
4.6 Global Low Speed Vehicle Market Breakup by Region
4.6.1 North America
4.6.1.1 United States of America
4.6.1.2 Canada
4.6.2 Europe
4.6.2.1 Germany
4.6.2.2 United Kingdom
4.6.2.3 France
4.6.2.4 Italy
4.6.2.5 Others
4.6.3 Asia Pacific
4.6.3.1 China
4.6.3.2 Japan
4.6.3.3 India
4.6.3.4 ASEAN
4.6.3.5 Others
4.6.4 Latin America
4.6.4.1 Brazil
4.6.4.2 Argentina
4.6.4.3 Mexico
4.6.4.4 Others
4.6.5 Middle East & Africa
4.6.5.1 Saudi Arabia
4.6.5.2 United Arab Emirates
4.6.5.3 Nigeria
4.6.5.4 South Africa
4.6.5.5 Others
4.7 Global Low Speed Vehicle Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
4.7.1 North America
4.7.1.1 United States of America
4.7.1.2 Canada
4.7.2 Europe
4.7.2.1 Germany
4.7.2.2 United Kingdom
4.7.2.3 France
4.7.2.4 Italy
4.7.2.5 Others
4.7.3 Asia Pacific
4.7.3.1 China
4.7.3.2 Japan
4.7.3.3 India
4.7.3.4 ASEAN
4.7.3.5 Others
4.7.4 Latin America
4.7.4.1 Brazil
4.7.4.2 Argentina
4.7.4.3 Mexico
4.7.4.4 Others
4.7.5 Middle East & Africa
4.7.5.1 Saudi Arabia
4.7.5.2 United Arab Emirates
4.7.5.3 Nigeria
4.7.5.4 South Africa
4.7.5.5 Others
5 SWOT Analysis
5.1 Overview
5.2 Strengths
5.3 Weaknesses
5.4 Opportunities
5.5 Threats
6 Porter’s Five Forces Analysis
6.1 Overview
6.2 Buyer’s Power
6.3 Supplier’s Power
6.4 New Entrants
6.5 Degree of Rivalry
6.6 Substitutes
7 Regional Price Analysis
7.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
7.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
8 EKDA For Price
8.1 Labor
8.2 Utilities
8.3 Other Input Costs
8.4 Market Dynamics
9 EKDA For Demand
9.1 Government Regulations
9.2 Market Competition
9.3 Price
9.4 Availability
10 Key Players & Company Profiles
10.1 Polaris Industries
10.2 Deere & Co.
10.3 Kubota
10.4 Club Car/Ingersoll Rand
10.5 Textron Specialized Vehicles
10.6 Yamaha Motor
10.7 Kawasaki Motors
10.8 Ontario Drive & Gear Ltd.
10.9 Others
11 Events and Developments
Additional Customization Available
12 Manufacturing Process
12.1.1 Detailed Process Flow
12.1.2 Operations Involved
12.1.3 Mass Balance
13 Cost Analysis
13.1 Land, Location and Site Development
13.2 Construction
13.3 Plant Machinery
13.4 Cost of Raw Material
13.5 Packaging
13.6 Transportation
13.7 Utilities
13.8 Manpower
13.9 Other Capital Investment
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