A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.
This report contains market size and forecasts of Low Speed Electric Vehicles in global, including the following market information:
Global Low Speed Electric Vehicles Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Low Speed Electric Vehicles Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Low Speed Electric Vehicles companies in 2021 (%)
The global Low Speed Electric Vehicles market was valued at 7343.6 million in 2021 and is projected to reach US$ 14800 million by 2028, at a CAGR of 10.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Lithium-Ion Battery Low Speed Electric Vehicle Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Low Speed Electric Vehicles include Textron, Yamaha, Polaris, Renault, Garia, Ingersoll Rand, CitEcar Electric Vehicles, Star EV and Melex, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Low Speed Electric Vehicles manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Low Speed Electric Vehicles Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Speed Electric Vehicles Market Segment Percentages, by Type, 2021 (%)
Lithium-Ion Battery Low Speed Electric Vehicle
Lead-Acid Battery Low Speed Electric Vehicle
Other
Global Low Speed Electric Vehicles Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Speed Electric Vehicles Market Segment Percentages, by Application, 2021 (%)
Personal Use
Golf Course
Public Utilities
Sightseeing
Others
Global Low Speed Electric Vehicles Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Low Speed Electric Vehicles Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Low Speed Electric Vehicles revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Low Speed Electric Vehicles revenues share in global market, 2021 (%)
Key companies Low Speed Electric Vehicles sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Low Speed Electric Vehicles sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Textron
Yamaha
Polaris
Renault
Garia
Ingersoll Rand
CitEcar Electric Vehicles
Star EV
Melex
Columbia
Yogomo
Dojo
Shifeng
Byvin
Lichi
Baoya
Fulu
Tangjun
Xinyuzhou
GreenWheel EV
Incalu
Kandi
APACHE
Zheren
Eagle
Taiqi