Low Speed Vehicle Market Research Report

 Growth opportunities in the global market look promising over the next six years. This is mainly due to the capability to carry suitable number of passengers with its helpful impact on transport and rising usage of low-speed vehicles, especially the on the streets of towns and cities.

Request for a FREE Sample Report on Low Speed Vehicle Market

Low Speed Vehicle Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The key driver contributing to the growth of the global market is the growing use of low-speed vehicles, primarily on the streets of cities and towns. Also, these vehicles' capacity to carry passengers is having a positive impact on the transportation industry which will stimulate the market growth. The collaboration of companies, governments, and associations to reduce vehicle emissions is expected to fuel the low speed vehicle market demand. Moreover, the strategic initiatives undertaken by government have resulted in the adoption of these vehicles. For example, Europe in 2019 introduced a policy in which sustainable transport charging infrastructure and internalization of transport externalities will result in more charging stations which will accelerate the growth of the low-speed EV in the market.

The leading players in the market are promoting new strategies to expand the business, which is fuelling the market growth. For example, in 2018, Polaris developed ATV low-speed vehicles, which helped the company intensify its presence, thus leading to a larger scale of the low-speed vehicles. Polaris has planned to launch its vehicle by the end of 2022, which is expected to strengthen the market share. However, minimal safety standards and equipment's in low-speed vehicles may curb the market growth.

Regional Drivers

Based on the regional coverage, North America is expected to lead market over the forecast period owing to the presence of major players like Deere and Company Polaris Inc., which is bringing more revenue reflecting high purchasing power. Moreover, the program initiated by California Air Resources Board (CARB) guides manufacturers to produce and deliver zero-emission vehicles (ZEVs), leading to the adoption of vehicles, thus raising the market growth.

Low Speed Vehicle Market’s Leading Manufacturers:

  • STAR EV CORPORATION
  • American Landmaster
  • Yamaha Motor Co., Ltd.
  • INGERSOLL RAND
  • Deere & Company.
  • Intimidator UTV
  • Kawasaki Heavy Industries
  • Textron Inc
  • KUBOTA Corporation
  • Polaris Inc.

Low Speed Vehicle Market Segmentation:

Segmentation by Vehicle Type:

  • Golf Cart
  • Commercial Vehicle
  • Industrial Vehicle
  • Personal Vehicle
  • Others

Segmentation by Propulsion:

  • Electric
  • Gasoline
  • Diesel

Segmentation by Power Output:

  • <8 KW
  • 8 –15 KW
  • >15 KW

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia Water Recycling Market - Opportunities & Forecast, 2020-2027

  This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the markets along with major players in the country. The report offers detailed profile and data information analysis of the leading companies in the Saudi Arabia Water Recycling Market: ·          ENEXIO MANAGEMENT GmbH ·          Q.E.D. Environmental Systems Ltd. ·          Flottweg SE ·          Sierra Instruments Inc. ·          Veolia Environment S.A. ·          Enduro Composites Inc. ·          Endress Hauser AG ·          Servomex – Spectris ·          Experts Water Technologies Co. Ltd. (EWTCO) The key drivers of the Saudi Arabia Water Recycling Market are as follows: The growing number of recycling programs and favorable government initiatives on water and sanitatio
Read more

3D Projector Market Research Report

 Growth opportunities in the 3D projector market look promising over the next six years. This is mainly due to the increasing adoption of 3D projectors in home theatres and cinema halls, the growing usage of the 3D projector for large venues and events, and advancements in 3D projector technology. Request for a FREE Sample Report on 3D Projector Market. 3D Projector Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The augmenting adoption of the 3D projectors in cinema halls, smart classrooms, and home theatres is a key factor stimulating the growth of the global 3D projector market. The projectors' ongoing technological innovations and easy accessibility will attract consumers to choose 3D projector solutions with better image quality and several connectivity features like Bluetooth & Wi-Fi connectivity. Also, the growing prominence of 3D movies because of the authentic experience imparted by the 3D proje
Read more

Artificial Intelligence in Agriculture Market Research Report

  Growth opportunities in the Artificial Intelligence in Agriculture Market look promising over the next six years. This is mainly due to the ongoing government initiatives, reduction in labor expenses, and help to overcome the traditional challenges in every field. Request for a FREE Sample Report on Artificial Intelligence in Agriculture Market Artificial Intelligence in Agriculture Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis) Key Drivers The stimulating demand for agriculture production led by the accelerating population rate, increasing incorporation of information management systems and sophisticated technologies, including deep learning and machine learning techniques to enhance the crop productivity along with the surging favorable initiatives by the government are some of the most prominent drivers supplementing the growth of the global AI in the agriculture market. Also, these devices allow controlling of p
Read more