Market Research Future published report on “Global Low-speed Vehicle Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Low-speed Vehicle Market Can Attain an Outstanding Valuation of USD 11,509.6 Mn by 2023. Low-speed Vehicle Market Segmentation by Power Output (15kW), by Propulsion (Diesel, Electric, Gasoline), by Application (Industrial Utility, Golf Cart, Personnel Carrier, Public Transport Vehicle), and Region - Global Report Forecast till 2023

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The global low-speed vehicle market is garnering much attention from various sectors due to which it can expect a smooth run with 5% CAGR during the forecast period (2018-2023). During that time, its valuation can grow from USD 8,613.3 million in 2017 to USD 11,509.6 million by 2023. Market Research Future’s (MRFR) detailed report on the market has its focus on segments, drivers, and competitive analysis of the entire market. This can give a peek into the future market demography and enable market players in having strategies planned accordingly.

However, the low-speed vehicle market can go through marshes during the forecast period as its high production cost can clog the smooth flow expected of it. Meanwhile, low-speed vehicle’s long-life span can also adversely impact the growth rate by hindering the upgradation.

The report includes a segmental analysis of the low-speed vehicle market for better understanding. The market can be segmented by power output, propulsion, and application. By power output, the low-speed vehicle market comprises 15kW. Based on propulsion, the low-speed vehicle market can be segmented into diesel, electric, and gasoline. Based on application, the low-speed vehicle market includes industrial utility, golf cart, personnel carrier, and public transport vehicle.

Geographic analysis of the low-speed vehicle market spans across North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is leading the market with its market valuation pinned at USD 3,473.8 million in 2018. The regional market value can go up to USD 4,456.5 million by 2023 with an impressive 5.1% CAGR during the forecast period. Golf is a favorite sport in the region, and infrastructural superiority of the region are helping the market in staying ahead of its competitors. In addition, several market titans are based out of the region which provides sufficient traction to the market.

Europe has the second largest market share, and it exhibits similar features like that of North America. The regional market has a valuation of USD 2,509.7 million in 2018 which is expected to scale and exceed to USD 3,128.3 million by 2023 at a 4.5% CAGR during the forecast period.

The APAC can turn the table on the global players. The region has several countries investing heavily in refurbishing their industrial sectors which, as a consequence, is generating huge demand for low-speed vehicles. The regional low-speed vehicle market is eyeing for a valuation of USD 2,784.2 million by 2023 at a meteoric CAGR of 5.8% during the forecast period.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…

Read More On Global Low-speed Vehicle Market: https://www.marketwatch.com/press-release/low-speed-vehicles-market-2018-global-key-players-size-share-trends-and-key-country-forecast-to-2023-2018-05-25

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