Low speed vehicles are four wheeled vehicles whose maximum speed is up to 25 miles per hour on a paved level surface. The total weight of low speed vehicles is limited to 3,000 pounds. Furthermore, low speed vehicles are also available in the global market as a name of LSV.

To drive low speed vehicle in street, government has mandated some regulations pertaining to safety and security of vehicles. Such as accessories such as headlight, taillight, blinkers, mirrors, among other should be attached in a vehicles at the driving conditions.

Due to seeing these government laws leading original equipment players are providing additional facility to install these accessories out of the factory through dealers or suppliers in a bid to make strong foot hold in the market.

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The global market is characterized as consolidated in most of the developed countries while developing country are focusing to use these vehicles for street driving purpose. Moreover, supportive government policies coupled with increased investment in research and development for light weight vehicles is promising to create wistful business opportunity for low speed vehicle in across the globe.

FACTS AT A GLANCE

Companies: Textron Specialized Vehicles Inc. (Cushman),ACG Inc.,Yamaha Motor Corporation,Club Car,Polaris Inc.,Deere & Company,HDK Electric Vehicle,The Toro Company,American Landmaster,Kubota Corporation,AGT Electric Cars,Bintelli Electric Vehicles,Columbia Vehicle Group Inc.,Others

Coverage: All major geographies and key segments

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Segments: Low Speed Vehicles Market Segmented By Golf Cart, Industrial Utility Vehicle, Commercial Turf Utility Vehicle, Personal Mobility Vehicle Type in Electric, Gasoline, Diesel Propulsion

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

Growing technological advancement in the low speed vehicles such as electric low speed vehicles coupled with rising adopted rate of low speed vehicles in recreating places are projected to fillip the sales of low speed vehicles market over the forecast period.
Moreover, beneficial factors over golf cart for instance convenience, ease in drive, efficiency, ergonomic factors, and among others are expected to accelerate the global sales of low speed vehicles market in the coming decades.

Lack of infrastructure, inadequacy in the cognizant of low speed vehicles, and high cost is projected to hamper the global sales of low speed vehicles over the course of next coming years.

Leading manufacturer are focused to make light weight parts and developed fully electric vehicles with high speed are considered as win-win trend in the global low speed vehicles market.

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