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Low Speed Electric Vehicle Market by Vehicle Type (Passenger Vehicle, Heavy Duty Vehicle, Utility Vehicle, and Off-road vehicle) and End User (Golf Courses, Tourist Destinations, Hotels & Resorts, Airports, and Residential & Commercial Premises): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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AU_182933
Pages: 191
Jan 2019 | 1686 Views
 
Author(s) : Pranav Padalkar
Tables: 76
Charts: 58
 

low speed electric vehicle market Overview:

The global low speed electric vehicle market was valued at $2,395.8 million in 2017, and is projected to reach $7,617.3 million by 2025, registering a CAGR of 15.4% from 2018 to 2025. In 2017, North America accounted for the highest share in the global low speed electric vehicle market.
A low speed electric vehicle is a motor vehicle that is four wheeled and whose top speed ranges from 20kmph to 40kmph along with a gross vehicle weight rating of less than 1,400 kg. The rules and regulations are followed by low speed electric vehicle as per defined by states & federals. The low speed electric vehicle is commonly known in the U.S. as a neighborhood electric vehicle.

Low speed electric vehicle runs on an electric motor that requires a continuous supply of energy from batteries to operate. There are a variety of batteries used in these vehicles such as lithium ion, molten salt, zinc-air, and various nickel-based designs. The electric vehicle was primarily designed to replace conventional ways of travel as they lead to environmental pollution. Low speed electric vehicles have gained popularity owing to numerous technological advancements. The electric vehicle outperforms the conventional vehicle providing higher fuel economy, low carbon emission, and maintenance.

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The market growth is driven by stringent government rules and regulations toward vehicle emission and increase in fuel costs. In addition, rise in pollution, technological advancements, surge in automobile industry, and decrease in fossil fuel reserves have fueled the growth in the development and production of low speed electric vehicle. High vehicle cost and lack of proper charging infrastructure are some of the major restraining factors of this market. Furthermore, proactive government initiatives and technological advancements in electric vehicles ensure lucrative growth opportunities for this market globally. This can be attributed to rise in the sale of automated vehicles globally. These features offer lucrative opportunities for the low speed electric vehicle demand globally.

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Key players operating in the global low speed electric vehicle market are HDK Electric Vehicles, Bradshaw Electric Vehicles, Textron Inc., Polaris Industries, Yamaha Motors Co. Ltd., Ingersoll Rand, Inc., Speedway Electric, AGT Electric Cars, Bintelli Electric Vehicles and Ligier Group.

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Stringent government rules and regulations toward vehicle emission

The conventional gas-powered vehicle makes use of an internal combustion engine to generate power. In an ideal scenario, the combustion system fully incinerates the fuel and only creates carbon dioxide and water as waste, however, the combustion system generates various greenhouse gases, leading to environmental pollution. On the other hand, an electric vehicle uses an electric motor powered with continuous supply of current; thus, it does not create any pollutants. The U.S., Germany, France, and China have implemented stringent government laws and regulations for vehicular emission, making it mandatory for the automobile manufacturers to use advanced technologies to combat high-emission levels in vehicles. A program launched by the California Air Resources Board (CARB) also includes guidelines for manufacturers to produce and deliver zero-emission vehicles (ZEVs), substantially boosting the adoption of electric vehicles.

Increase in fuel costs

Increase in fuel costs over the past decade has led to rise in adoption of electric vehicles as a mode of daily commute Moreover, with the limited sources of crude oil globally, the prices are expected to be high in the future. Although gasoline prices have been increasing, electricity costs have been low in many countries such as China, Germany, and Denmark. Electric vehicles equipped with electric motors help in maintaining higher speed more effectively as well as make the ride more comfortable on rough roads. Hence, rise in consumer inclination toward e-motors as a key mode of transport has fueled the growth of the market.

High cost of electric vehicles

High cost of electric vehicles is a major factor that restrains the growth of the low speed electric vehicle market. The cost of the battery and technology makes e-vehicles costlier than traditional vehicles or conventional cars. Moreover, use of lithium ion batteries or drive mechanism of motor incurs maximum cost, thereby restraining the growth of the market. Hence, surge in adoption of electric vehicles in countries other than China is limited by high costs. However, the low speed electric vehicle market is growing at a rapid rate globally, which may reduce the impact of this restraint in the near future.

Lack of proper charging infrastructure

The low speed electric vehicles battery source does not have any alternative source for charging. The shortage of charging points in cities is a major challenging factor for growth of the global low speed electric vehicle market. Thus, complete drain of the battery can create a problem for electric vehicle and can put the traveler at risk. Moreover, the implementation of supportive infrastructure required for electric vehicle in developing countries is less. In addition, prices of electric vehicles are also very high, which in turn hampers the overall growth of the low speed electric vehicle market.

Proactive government initiatives

A low speed electric passenger car operates on two energy sources: an internal combustion engine and an electric battery & motor/generator. It is a conventional internal combustion engine (ICE) vehicle with an oversized starter motor that can also be used as a generator, usually known as integrated starter-generator (ISG) or a belted alternator starter (BAS), and an oversized battery that powers the vehicle, which is recharged by the motor. Using gasoline diesel injection in vehicles can further decrease the emissions of hybrid vehicles, making it a zero-emission vehicle. On the other hand, it is also expected to increase the fuel economy of the vehicle, making it more economical than other electric and hybrid vehicles. Integration of GDI systems in hybrid vehicles creates various opportunities for leading players in the future.

Improvement in electric vehicles R&D & battery technology

Growth in urbanization and rise in attractive offers on electric vehicles from various governments are anticipated to offer lucrative opportunities for market expansion. With growing inclination of the consumers toward e-motors, governments of various countries are focusing on development of infrastructure for electric vehicle, including bicycle tracks, public charging stations, and others. For instance, Sanyo (Japan) opened two solar parking lots in Tokyo where around 100 electric vehicles can be recharged by solar panels. Furthermore, various e-bike battery and drive mechanism provider companies are innovating their product offerings for longer battery life, lower maintenance, higher speeds, and lower weights. In addition, low speed electric vehicle manufacturers are focusing on improvement of bike design for aesthetic purpose. Thus, all these factors are expected to offer potential growth opportunities for the market in the near future.

Key Benefits for low speed electric vehicle market:

  • This study presents the analytical depiction of the low speed electric vehicle market analysis along with the current trends and future estimations to depict the imminent investment pockets.

  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

  • The report presents information related to the key drivers, restraints, and opportunities of the market with a detailed impact analysis.

  • The current market is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

low speed electric vehicle key Market Segments:

By Vehicle Type

  • Passenger vehicle

  • Heavy duty vehicle

  • Utility vehicle

  • Off-road vehicle

By End User

  • Golf Courses

  • Tourist Destinations

  • Hotels & Resorts

  • Airports

  • Residential & Commercial Premises

By Region

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Russia

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

 

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porters five forces analysis
3.4. Key Player Positioning (2017)
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Stringent government rules and regulations toward vehicle emission
3.5.1.2. Increase in fuel costs

3.5.2. Restraints

3.5.2.1. High cost of electric vehicles
3.5.2.2. Lack of proper charging infrastructure

3.5.3. Opportunities

3.5.3.1. Proactive government initiatives
3.5.3.2. Improvement in electric vehicles R&D & battery technology

Chapter: 4: LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE

4.1. Overview
4.2. Passenger Vehicle

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. Heavy Duty Vehicle

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. Utility Vehicle

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

4.5. Off-Road Vehicle

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

Chapter: 5: LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER

5.1. Overview
5.2. Golf Courses

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. Tourist Destinations

5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. Hotels & Resorts

5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

5.5. Airports

5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

5.6. Residential & Commercial Premises

5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country

Chapter: 6: LOW SPEED ELECTRIC VEHICLE MARKET, BY REGION

6.1. Overview
6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by Vehicle Type
6.2.3. Market size and forecast, by End User
6.2.4. Market analysis by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by Vehicle Type
6.2.4.1.2. Market size and forecast, by end user

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by Vehicle Type
6.2.4.2.2. Market size and forecast, by end user

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by Vehicle Type
6.2.4.3.2. Market size and forecast, by end user

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by Vehicle Type
6.3.3. Market size and forecast, by end user
6.3.4. Market analysis by country

6.3.4.1. UK

6.3.4.1.1. Market size and forecast, by Vehicle Type
6.3.4.1.2. Market size and forecast, by end user

6.3.4.2. Germany

6.3.4.2.1. Market size and forecast, by Vehicle Type
6.3.4.2.2. Market size and forecast, by end user

6.3.4.3. France

6.3.4.3.1. Market size and forecast, by Vehicle Type
6.3.4.3.2. Market size and forecast, by end user

6.3.4.4. Russia

6.3.4.4.1. Market size and forecast, by Vehicle Type
6.3.4.4.2. Market size and forecast, by end user

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by Vehicle Type
6.3.4.5.2. Market size and forecast, by end user

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by Vehicle Type
6.4.3. Market size and forecast, by end user
6.4.4. Market analysis by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by Vehicle Type
6.4.4.1.2. Market size and forecast, by end user

6.4.4.2. Japan

6.4.4.2.1. Market size and forecast, by Vehicle Type
6.4.4.2.2. Market size and forecast, by end user

6.4.4.3. India

6.4.4.3.1. Market size and forecast, by Vehicle Type
6.4.4.3.2. Market size and forecast, by end user

6.4.4.4. Australia

6.4.4.4.1. Market size and forecast, by Vehicle Type
6.4.4.4.2. Market size and forecast, by end user

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by Vehicle Type
6.4.4.5.2. Market size and forecast, by end user

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by Vehicle Type
6.5.3. Market size and forecast, by end user
6.5.4. Market analysis by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by Vehicle Type
6.5.4.1.2. Market size and forecast, by end user

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by Vehicle Type
6.5.4.2.2. Market size and forecast, by end user

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by Vehicle Type
6.5.4.3.2. Market size and forecast, by end user

Chapter: 7: COMPANY PROFILES

7.1. AGT Electric Cars

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Product portfolio

7.2. Bintelli Electric Vehicles

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Key strategic moves and developments

7.3. Bradshaw Electric Vehicles

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Product portfolio
7.3.4. Key strategic moves and developments

7.4. Ingersoll-Rand plc

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance

7.5. Ligier Group

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio

7.6. Polaris Industries, Inc

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. Speedways Electric

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio

7.8. Textron Inc (Textron Specialized Vehicles Inc.)

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Business performance
7.8.6. Key strategic moves and developments

7.9. Xiamen Dalle Electric Car Co., Ltd (HDK electric vehicle)

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Product portfolio

7.10. Yamaha Motor Co., Ltd

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Business performance
7.10.6. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 2017-2025($MILLION)
TABLE 02. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR PASSENGER VEHICLE, BY REGION 2017-2025 ($MILLION)
TABLE 03. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR HEAVY DUTY VEHICLE, BY REGION 2017-2025 ($MILLION)
TABLE 04. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR UTILITY VEHICLE, BY REGION 20172025 ($MILLION)
TABLE 05. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR OFF-ROAD VEHICLE, BY REGION 20172025 ($MILLION)
TABLE 06. GLOBAL LOW SPEED ELECTRIC VEHICLE MARKET, BY INDUTRY VERTICAL, 20172025 ($MILLION)
TABLE 07. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR GOLF COURSES, BY REGION, 20172025 ($MILLION)
TABLE 08. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR TOURIST DESTINATIONS, BY REGION 2017-2025 ($MILLION)
TABLE 09. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR HOTELS & RESORTS, BY REGION, 20172025 ($MILLION)
TABLE 10. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR AIRPORTS, BY REGION, 20172025 ($MILLION)
TABLE 11. LOW SPEED ELECTRIC VEHICLE MARKET REVENUE FOR RESIDENTIAL & COMMERCIAL PREMISES, BY REGION 20172025 ($MILLION)
TABLE 12. NORTH AMERICAN LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 13. NORTH AMERICAN LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 14. U. S. LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 15. U.S. LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 16. CANADA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 17. CANADA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 18. MEXICO LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 19. MEXICO LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 20. EUROPEAN LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 21. EUROPEAN LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 22. UK LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 23. UK LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 24. GERMANY LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 25. GERMANY LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 26. FRANCE LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 27. FRANCE LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 28. RUSSIA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 29. RUSSIA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 30. REST OF EUROPE LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 31. REST OF EUROPE LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 32. ASIA-PACIFIC LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 33. ASIA-PACIFIC LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 34. CHINA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 35. CHINA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 36. JAPAN LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 37. JAPAN LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 38. INDIA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 39. INDIA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 40. AUSTRALIA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 41. AUSTRALIA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 42. REST OF ASIA-PACIFIC LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 44. LAMEA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 45. LAMEA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 46. LATIN AMERICA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 47. LATIN AMERICA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 48. MIDDLE EAST LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 49. MIDDLE EAST LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 50. AFRICA LOW SPEED ELECTRIC VEHICLE MARKET, BY VEHICLE TYPE, 20172025 ($MILLION)
TABLE 51. AFRICA LOW SPEED ELECTRIC VEHICLE MARKET, BY END USER, 20172025 ($MILLION)
TABLE 52. AGT ELECTRIC CARS: COMPANY SNAPSHOT
TABLE 53. AGT ELECTRIC CARS: PRODUCT PORTFOLIO
TABLE 54. BINTELLI ELECTRIC VEHICLES: COMPANY SNAPSHOT
TABLE 55. BINTELLI ELECTRIC VEHICLES: OPERATING SEGMENTS
TABLE 56. BINTELLI ELECTRIC VEHICLES: PRODUCT PORTFOLIO
TABLE 57. BRADSHAW ELECTRIC VEHICLES: COMPANY SNAPSHOT
TABLE 58. BRADSHAW ELECTRIC VEHICLES: PRODUCT PORTFOLIO
TABLE 59. INGERSOLL-RAND PLC: COMPANY SNAPSHOT
TABLE 60. INGERSOLL-RAND PLC: OPERATING SEGMENTS
TABLE 61. INGERSOLL-RAND PLC: PRODUCT PORTFOLIO
TABLE 62. LIGIER GROUP: COMPANY SNAPSHOT
TABLE 63. LIGIER GROUP: PRODUCT PORTFOLIO
TABLE 64. POLARIS INDUSTRIES, INC: COMPANY SNAPSHOT
TABLE 65. POLARIS INDUSTRIES, INC: OPERATING SEGMENTS
TABLE 66. POLARIS INDUSTRIES, INC: PRODUCT PORTFOLIO
TABLE 67. SPEEDWAYS ELECTRIC: COMPANY SNAPSHOT
TABLE 68. SPEEDWAYS ELECTRIC: PRODUCT PORTFOLIO
TABLE 69. TEXTRON INC: COMPANY SNAPSHOT
TABLE 70. TEXTRON INC: OPERATING SEGMENTS
TABLE 71. TEXTRON INC: PRODUCT PORTFOLIO
TABLE 72. XIAMEN DALLE ELECTRIC CAR CO., LTD: COMPANY SNAPSHOT
TABLE 73. XIAMEN DALLE ELECTRIC CAR CO., LTD: PRODUCT PORTFOLIO
TABLE 74. YAMAHA MOTOR CO., LTD: COMPANY SNAPSHOT
TABLE 75. YAMAHA MOTOR CO., LTD: OPERATING SEGMENTS
TABLE 76. YAMAHA MOTOR CO., LTD: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 20162018*
FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 20162018*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 20162018*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13. HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 14. MARKET SHARE ANALYSIS (2017)
FIGURE 15. GLOBAL LOW SPEED ELECTRIC VEHICLE MARKET SHARE, BY VEHICLE TYPE, 20172025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR PASSENGER VEHICLE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR HEAVY DUTY VEHICLE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR UTILITY VEHICLE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR OFF-ROAD VEHICLE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 20. GLOBAL LOW SPEED ELECTRIC VEHICLE MARKET SHARE, BY END USER, 20172025 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR GOLF COURSES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR TOURIST DESTINATIONS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR HOTELS & RESORTS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR AIRPORTS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET FOR RESIDENTIAL & COMMERCIAL PREMISES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 26. LOW SPEED ELECTRIC VEHICLE MARKET, BY REGION, 2017-2025 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET, BY COUNTRY, 20172025 (%)
FIGURE 28. U. S. LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 29. CANADA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 30. MEXICO LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 31. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET, BY COUNTRY, 20172025 (%)
FIGURE 32. UK LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 33. GERMANY LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 34. FRANCE LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 35. RUSSIA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 36. REST OF EUROPE LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 37. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET, BY COUNTRY, 20172025 (%)
FIGURE 38. CHINA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 39. JAPAN LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 40. INDIA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 41. AUSTRALIA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 42. REST OF ASIA-PACIFIC LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 43. COMPARATIVE SHARE ANALYSIS OF LOW SPEED ELECTRIC VEHICLE MARKET, BY COUNTRY, 20172025 (%)
FIGURE 44. LATIN AMERICA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 45. MIDDLE EAST LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 46. AFRICA LOW SPEED ELECTRIC VEHICLE MARKET, 20172025 ($MILLION)
FIGURE 47. INGERSOLL-RAND PLC: REVENUE, 20152017 ($MILLION)
FIGURE 48. INGERSOLL-RAND PLC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 49. INGERSOLL-RAND PLC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 50. POLARIS INDUSTRIES, INC: REVENUE, 20152017 ($MILLION)
FIGURE 51. POLARIS INDUSTRIES, INC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 52. POLARIS INDUSTRIES, INC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 53. TEXTRON INC: REVENUE, 20152017 ($MILLION)
FIGURE 54. TEXTRON INC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 55. TEXTRON INC: REVENUE SHARE BY REGION, 2017 (%)
FIGURE 56. YAMAHA MOTOR CO., LTD: REVENUE, 20152017 ($MILLION)
FIGURE 57. YAMAHA MOTOR CO., LTD: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 58. YAMAHA MOTOR CO., LTD: REVENUE SHARE BY REGION, 2017 (%)

 

The low speed electric vehicle functions on electricity and does not use conventional fuels, such as gasoline or diesel, as its power source. Moreover, the usage of alternative fuel and electricity in these vehicles leads to zero emissions, making them ecofriendly. The advent of low speed electric vehicles is a paradigm shift in the modern world. Automobile manufacturers are inclined toward electric and alternative fuel vehicles due to increase in vehicle emission regulations. The low speed electric vehicle market is in its maturity stage and contributes significant revenue in the overall automotive industry.

The market growth is driven by stringent government rules and regulations toward vehicle emission and increase in fuel costs. In addition, rise in pollution, technological advancements, surge in automobile industry, and decrease in fossil fuel reserves have fueled the growth in the development and production of low speed electric vehicle. High vehicle cost and lack of proper charging infrastructure are some of the major restraining factors of this market. Furthermore, proactive government initiatives and technological advancements in electric vehicles ensure lucrative growth opportunities for this market globally. This can be attributed to rise in the sale of automated vehicles globally. These features offer lucrative opportunities for the low speed electric vehicle demand globally.

Among the analyzed geographical regions, currently, North America is the highest revenue contributor and is expected to dominate during the forecast period, followed by Europe, Asia-Pacific, and LAMEA. This growth is attributed to the increase in demand for electric vehicles for various types of vehicles ranging from low-end passenger cars to heavy load commercial vehicles.

 

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