Lucintel's latest market report analyzed that low speed electric vehicle provides attractive opportunities in the golf carts, personal utility vehicles, light speed off road, and low speed heavy duty vehicles. The low speed electric vehicle market is expected to reach $13.1 billion by 2027 with a CAGR of 5.1%. In this market, 48 Volt powered LSEV is the largest segment by voltage. Development of low cost lithium ion batteries, adoption of 3D printing technology for LSEV manufacturing, and increasing use of LSEVs as personal transportation vehicles in countries like United States provides strategic growth path in this market.
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Based on voltage, the low speed electric vehicle market is segmented into 24V, 36V, 48V, 60V and 72V. The 48 Volt powered LSEV segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to rising demand for high performance LSEVs.
Browse in-depth TOC on “Low Speed Electric Vehicle Market”
105 – Tables
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The Low Speed Electric Vehicle Market is marked by the presence of several big and small players. Some of the prominent players offering low speed electric vehicle include BYVIN, Yogomo, Textron, Shandong Shifeng, Polaris, Groupe Renault, LIGIER GROUP, Yujie Group, Terra Motors, Changzhou Yufeng Vehicle, Jiangsu Kingbon Vehicle, Jiangsu East Yonsland Vehicle, and ZHIDOU.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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