According to Goldstein Research, Global electric LSV market is expected to reach USD7.4 billion by the end of 2024, growing at a CAGR of 15.7% over the forecast period, 2016-2024. Growing demand for non-polluting and low speed vehicles such as in golf courses, hotels, airports, are driving the growth of global electric LSV market. Global Electric LSV market segmentation has beendoneon the basis of vehicle type, end-user and geography. Zero emission from LSV has gained traction all over the globe and majorly flourishes in golf course industry. Technological advancement in this field is carried on to bridge the gap between electric LSV and conventional internal combustion engines. Global Electric LSV market is dominated by North America with 28% revenue share in 2016. North America is closely followed by Asia-Pacific and Europe on account of sustainable environmental readiness.
Market Segmentation
On the basis of our in-depth analysis, GlobalElectric LSV Market can be segmented as follows:
• By Vehicle Type
o Neighborhood electric vehicles (NEV)
o Electric golf carts
o Electric personal utility vehicles
o Off road electric vehicles
o Commercial electric vehicles
• By End Users
o Golf courses
o Airports
o Hotels and resorts
o Residential premises
o Other (Tourist spots, etc.)
• By region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o
“Global Electric Low Speed Vehicle Market Research ”contains detailed overview of the Global Electric LSV market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by gaming vehicle type and end-users.
Further, for the in-depth analysis, Global Electric LSV Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asTextron, Global Electric Motors (GEM), Reva, Zenn Motors, Hitachi Chemicals, Ingersoll Rand, Yamaha motors, Polaris, Star EV, Dongfeng Electric Vehicles Co. Ltd., Bradshaw Electric Vehicles,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the GlobalElectric LSV market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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