Global Electric Low Speed Vehicles (LSV) Market Outlook 2024: Global Opportunity And Demand Analysis

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Value Visibility Global Electric Low Speed Vehicle Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024

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Report Code :AM 1025

2016-2024

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Executive Summary

Sample Request Global Electric Low Speed Vehicles (LSV) Market Share(%), By Region2016-2024

Global Electric Low Speed Vehicles (LSV) Market Size USD (Million). 20162024 6000.0

XX XX

XX%

5000.0

CAGR: (2016-2024)

4000.0

XX

XX%

e l p XX%

XX%

3000.0 2000.0

2016

XX%

1000.0

XX%

2024

XX%

0.0 2016e

2017e

2018f

2019f

2020f

Source: Goldstein Research

In 2016,

2021f

2022f

2023f

2024f

m a S

Golf Cart accounted for the highest market share XX% in Electric Low Speed Vehicles (LSV) Market

Global Electric Low Speed Vehicles (LSV) Market Share(%), By Vehicle Type2016

XX%

Europe

Asia-Pacific

MEA

Source: Goldstein Research

With

XX% share in 2016, North-America region dominated the Global Electric Low Speed Vehicles (LSV) market

Global Electric Low Speed Vehicles (LSV) Market Share(%), By End User2016

XX% XX%

XX%

Source: Goldstein Research

XX%

Electric Persnoal Utility Vehicle

Electric Low Speed Off Road Vehicle

Copyright

Latin America

XX%

Golf Cart

XX% XX%

North America

XX%

Electric Low Speed Heavy Duty Vehicle

XX% XX%

XX%

Source: Goldstein Research

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Golf Courses Hotels & Resorts Tourists Destinations Airports Residential & Commercials Others

Key Findings

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 The global electric low speed vehicles (LSV) market tends to reach USD XX Million by 2024 at a CAGR of XX % over the forecast period. While the worldwide supply of golf facilities continues to be highly concentrated among traditional golfing nations, the sport is spreading around the globe, and new courses are opening in interesting places.  As nations around the world struggle to halt the Earth’s rising temperature, China has made the transition to low-carbon transport a priority. As part of the effort to develop low-emission vehicles, national electric car manufacturers have enjoyed significant support from the Chinese government. Yet their sales are dwarfed by those of a pint-sized competitor: the low-speed electric vehicle  Despite the name, low-speed electric vehicles (LSEVs) aren’t actually that slow. With a top speed of 60km/h, they’re fast enough for getting around big and heavily congested cities. Most models are compact, resembling three-wheeled utility vehicles or golf buggies –a practical solution for the dire lack parking spaces that have become a significant problem

e l p

Eco Friendly

Durable

 There is already a growing global interest in smaller LSEVs, including foldable EVs in European cities and 3D printable EVs in Japan. But so far, many international cities have been reluctant to adopt them on large scale. As a result, LSEVs have remained a marginal “neighborhood EV” 

The United States accounted for the largest portion of the global electric car stock. In 2016, China became the country with the largest electric car stock, with about a third of the global total. With more than 200 million electric two-wheelers, 3 to 4 million low-speed electric vehicles (LSEVs) and more than 300 thousand electric buses, China is also by far the global leader in the electrification of other transport modes

Comfortable

Asia-Pacific & North America Electric Low Speed Vehicles (LSV) Market (USD Million)

Range Availability

m a S Asia-Pacific

2016 2024 Copyright

XX Million

North America XX Million XX Million

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Market Evolution in Registration of Electric Cars

Major Players Presence-Regional Analysis

Major Players/ Industries

North America

APAC

Europe

Textron Polaris Reva Zenn Motors Hitachi Chemicals Ingersoll Rand Yamaha motors Bradshaw Electric Vehicles Star EV

m a S

Latin America

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Middle East & Africa

e l p

Medium Penetration www.goldsteinresearch.com

Low Penetration

ROW

Global Electric LSV Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 Global Electric LSV Market Size (USD Million). 2016-2024

Global Electric LSV Market Y-O-Y Growth Rate, 2016-2024 8.00%

XX

XX%

XX

XX XX

XX

7.00%

XX

6.00%

XX%

5.00%

4.00%

XX

3.00%

XX

m a S 2.00%

XX

1.00%

XX 2016e

2017e

2018f

Source: Goldstein Research

2019f

2020f

2021f

2022f

2023f

2024f

0.00%

e l p

2016e

XX%

2017e

2018f

XX%

2019f

2020f Y-o-Y

XX%

2021f

XX%

2022f

XX%

2023f

Source: Goldstein Research

 Global electric LSV industry tends to increase at a CAGR of XX% and reach the market value of USD XX million by 2024. In 2016, global electric LSV market valued USD XX million owing to growing demand for non-polluting and low speed electric vehicles in hotels, airports, public transportation and golf courses. Ninety percent of Asia’s current golf projects are new golf courses, as opposed to additions. Around half of these projects are already under construction. Twelve new Asian courses opened in 2014 while The North American region, which includes the United States, Mexico, Canada, Central America and the Caribbean, comprises around XX% of the world’s land mass, but the region is home to XX% of the world’s golf course supply. The majority of those courses are in North America, namely the US However, the government also does not extend any tax credits or cash incentives to make currently costly electric vehicles easier to afford, although drivers of these cars do get free parking Copyright

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2024f

Market Dynamics

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Growth Drivers

Growth Barriers

Clean gy olo Techn

Money Saving

m a S Utilizing lead acid battery technology

e l p

General Trend

Highly Complex

Moderately Complex

Waived

Technology Copyright

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Impacting Factors of Electric Low Speed Vehicles (LSV) Market  Drivers of Electric Low Speed Vehicles (LSV) These vehicles are designed to be used within protected environments and on roadways with a maximum posted speed of 25 mph. Currently these vehicles are not subject to the same federal requirements for occupant protection as passenger cars

m a S Source: Goldstein Research Copyright

e l p

The U.S. and Canadian federal motor vehicle safety agencies have harmonized their regulations and stipulated the maximum operating speed of these vehicles, however state and local roadway authorities have regulated the maximum speed of roadways and intersection characteristics on which these vehicles can operate The cost of gasoline heavily depends on the current political situation and our dwindling supplies of oil, which some expect to last us around 50 years. On the other hand, the cost of electricity is stable across the country, and improved sources of renewable power are in active development by some of the largest tech companies in the world One overlooked advantage of electric vehicles is the ability to charge them at home or at a parking lot. People who live in family houses can simply plug in their vehicles after they return home from work, and leave the next morning with batteries fully charged. Fleet vehicles can be charged using smart EV charging systems that offer maximum cost savings, thanks to advanced energy management tools www.goldsteinresearch.com

Global Electric LSV Market Size (USD Million) & CAGR (%), By End-Use Industry2016-2024 Sample Request Market Market Size Size (USD (USD Million) Million) & & CAGR CAGR (%) (%) Analysis, Analysis, By By End-Use End-Use Industry-2016-2024 Industry-2016-2024

2015

2016

2017

2018

2019

2020

2021

2022

2024

CAGR (%) 2016-2024

Golf Courses

XXXX

XX%

Hotels & Resorts

XXXX

XX%

Tourists Destinations

XXXX

XX%

Airports

XXXX

XX%

Residential & Commercials

XXXX

XX%

Others

XXXX

XX%

Total

XXXX

XX%

Segment- By End-Use Industry

m a S

e l p

Source: Goldstein Research

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