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Low Speed Vehicle Market Research Report Information by Power output (<8 kW, 8โ€“15 kW, >15 KW), Propulsion (Diesel, Electric, Gasoline), Application (Industrial Utility Vehicle, Golf Cart, Personnel Carrier, Public Transport Vehicle), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) โ€“Market Forecast Till 2032


ID: MRFR/AM/4042-CR | 150 Pages | Author: Sejal Akre| March 2024

Low Speed Vehicle Market Segmentation




  • Global Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • Global Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Global Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • Global Low speed vehicle market Regional Outlook (USD Million, 2018-2032)

  • North America Outlook (USD Million, 2018-2032)


  • North America Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • North America Low speed vehicle market, By Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • North America Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • US Outlook (USD Million, 2018-2032)


    • US Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • US Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • US Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle






ย 



  • Canada Outlook (USD Million, 2018-2032)


  • Canada Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • Canada Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Canada Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • Mexico Outlook (USD Million, 2018-2032)


  • Mexico Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • Mexico Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Mexico Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • Europe Outlook (USD Million, 2018-2032)


  • Europe Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • Europe Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Europe Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • Germany Outlook (USD Million, 2018-2032)


    • Germany Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • Germany Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • Germany Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • France Outlook (USD Million, 2018-2032)


    • France Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • France Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • France Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • UK Outlook (USD Million, 2018-2032)


    • UK Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • UK Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • UK Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • Spain Outlook (USD Million, 2018-2032)


    • Spain Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • Spain Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • Spain Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • Italy Outlook (USD Million, 2018-2032)


    • Italy Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • Italy Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • Italy Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • Rest of Europe Outlook (USD Million, 2018-2032)


    • Rest of Europe Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW






ย 




  • Rest of Europe Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Rest of Europe Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle




ย 



  • Asia-Pacific Outlook (USD Million, 2018-2032)


  • Asia-Pacific Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • Asia-Pacific Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Asia-Pacific Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • China Outlook (USD Million, 2018-2032)


    • China Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • China Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • China Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • India Outlook (USD Million, 2018-2032)


    • India Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW






ย 




  • India Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • India Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • Japan Outlook (USD Million, 2018-2032)


  • Japan Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • Japan Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Japan Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • South Korea Outlook (USD Million, 2018-2032)


  • South Korea Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • South Korea Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • South Korea Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • Rest of Asia-Pacific Outlook (USD Million, 2018-2032)


  • Rest of Asia-Pacific Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • Rest of Asia-Pacific Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Rest of Asia-Pacific Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • ย 



  • Middle East & Africa Outlook (USD Million, 2018-2032)


  • Middle East & Africa Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • Middle East & Africa Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Middle East & Africa Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • Saudi Arabia Countries Outlook (USD Million, 2018-2032)


    • Saudi Arabia Countries Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW






ย 




  • Saudi Arabia Countries Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Saudi Arabia Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • UAE Outlook (USD Million, 2018-2032)


  • UAE Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




  • UAE Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • UAE Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



  • Rest of Middle East & Africa Outlook (USD Million, 2018-2032)


  • Rest of Middle East & Africa Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • Rest of Middle East & Africa Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Rest of Middle East & Africa Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • ย 



  • South America Outlook (USD Million, 2018-2032)


  • South America Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • South America Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • South America Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle

    • Brazil Outlook (USD Million, 2018-2032)


    • Brazil Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW




    • Brazil Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

      • Diesel

      • Electric

      • Gasoline




    • Brazil Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

      • Industrial Utility Vehicle

      • Golf Cart

      • Personnel Carrier

      • Public Transport Vehicle



    • Argentina Outlook (USD Million, 2018-2032)


    • Argentina Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

      • <8 kW

      • 8โ€“15 kW

      • >15 KW






ย 




  • Argentina Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Argentina Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle




ย 



  • Rest of South America Outlook (USD Million, 2018-2032)


  • Rest of South America Low speed vehicle market, By Power output Outlook (USD Million, 2018-2032)

    • <8 kW

    • 8โ€“15 kW

    • >15 KW




ย 




  • Rest of South America Low speed vehicle market, Propulsion Outlook (USD Million, 2018-2032)

    • Diesel

    • Electric

    • Gasoline




  • Rest of South America Low speed vehicle market, Application Outlook (USD Million, 2018-2032)

    • Industrial Utility Vehicle

    • Golf Cart

    • Personnel Carrier

    • Public Transport Vehicle



Research Methodology on Low-Speed Vehicle Market


Introduction


This research paper involves the exploration of the low-speed vehicle market and the analysis of the various factors responsible for the growth of this market. The research methodology outlines the methods and tools that have been utilized in the study. A comprehensive investigation of the current trends, future projections, and developments in the low-speed vehicle market, based on technology, components, application and region, is conducted during this research.


Research Design


The research design adopted for this paper includes the following elements:



  • ย Secondary Research:


Secondary research is conducted through online and offline sources of information such as journals, books, web resources, annual reports, news articles, market intelligence from industry experts, etc. to study and analyze the trends, current market conditions, and growth prospects of the low-speed vehicle market.



  • Primary Research:


Primary research is conducted through interviews and surveys with industry experts and professionals. The data collected from interviews and surveys are used to understand and forecast the low-speed vehicle marketโ€™s potential for future growth.


Data Collection


Data is gathered through the primary and secondary sources mentioned above. Various sources such as trade journals, newspaper sources, the internet, corporate reports, and other sources are used to compile the information. Further, the collected data is fed into the statistical models developed to analyze the data and predict the low-speed vehicle marketโ€™s future trajectory.


Data Validation Techniques


The collected information is checked for accuracy by applying the triangulation method. Moreover, multiple layers of quality checks are employed throughout the research process to identify and correct errors in the collected data.


Summary


In conclusion, this research outlines the research methodology used to analyze and forecast the growth of the low-speed vehicle market. The research design included the use of both primary and secondary sources of information. Triangulation is employed as a data validation technique.

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TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1.1 GLOBAL LOW SPEED VEHICLE MARKET, BY POWER OUTPUT 17

1.1.2 GLOBAL LOW SPEED VEHICLE MARKET, BY PROPULSION 18

1.1.3 GLOBAL LOW SPEED VEHICLE MARKET, BY APPLICATION 19

1.1.4 GLOBAL LOW SPEED VEHICLE MARKET, BY REGION 20

2 MARKET INTRODUCTION 21

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 22

3 RESEARCH METHODOLOGY 23

3.1 RESEARCH PROCESS 23

3.2 PRIMARY RESEARCH 24

3.3 SECONDARY RESEARCH 25

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 27

3.6 LIST OF ASSUMPTIONS 28

4 MARKET DYNAMICS 29

4.1 INTRODUCTION 29

4.2 DRIVERS 30

4.2.1 STRICT GOVERNMENT REGULATIONS FOR EMISSIONS 30

4.2.2 GROWTH IN GREEN VEHICLES 30

4.2.3 INCREASED ADOPTION OF LSV IN BOTH THE PUBLIC AND PRIVATE SECTORS FOR TRANSPORTATION 30

4.2.4 DRIVERS IMPACT ANALYSIS 31

4.3 RESTRAINTS 31

4.3.1 HIGH COST OF PRODUCTION 31

4.3.2 LONG RUNNING TIME OF LSVS 31

4.3.3 RESTRAINT IMPACT ANALYSIS 32

4.4 OPPORTUNITIES 32

4.4.1 INTEGRATION OF AUTONOMOUS TECHNOLOGY 32

4.5 COVID 19 IMPACT ANALYSIS 32

4.5.1 IMPACT ON OVERALL AUTOMOTIVE INDUSTRY 32

4.5.2 IMPACT ON GLOBAL LOW SPEED VEHICLE MARKET 33

4.5.2.1 IMPACT ON SUPPLY CHAIN 33

4.5.2.2 PRICE VARIATION OF KEY RAW MATERIAL 33

4.5.2.3 CASH FLOW CONSTRAINTS 33

4.5.2.4 IMPACT ON IMPORT/EXPORT 33

4.5.3 IMPACT ON PRICING 33

5 MARKET FACTOR ANALYSIS 34

5.1 SUPPLY CHAIN ANALYSIS: GLOBAL LOW SPEED VEHICLE MARKET 34

5.1.1 DESIGN AND DEVELOPMENT 34

5.1.2 RAW MATERIAL SUPPLY 35

5.1.3 AUTOMOTIVE COMPONENT/PART SUPPLY 35

5.1.4 DISTRIBUTION 35

5.1.5 END USER 35

5.2 PORTER'S FIVE FORCES MODEL 36

5.2.1 THE THREAT OF NEW ENTRANTS 36

5.2.2 BARGAINING POWER OF SUPPLIERS 37

5.2.3 THREAT OF SUBSTITUTES 37

5.2.4 BARGAINING POWER OF BUYERS 37

5.2.5 INTENSITY OF RIVALRY 37

6 GLOBAL LOW SPEED VEHICLE MARKET, BY POWER OUTPUT 38

6.1 OVERVIEW 38

6.2 <8 KW 39

6.3 8โ€“15 KW 39

6.4 >15 KW 40

7 GLOBAL LOW SPEED VEHICLE MARKET, BY PROPULSION 41

7.1 OVERVIEW 41

7.2 DIESEL 42

7.3 ELECTRIC 42

7.4 GASOLINE 42

8 GLOBAL LOW SPEED VEHICLE MARKET, BY APPLICATION 43

8.1 OVERVIEW 43

8.2 INDUSTRIAL UTILITY VEHICLE 44

8.3 GOLF CART 44

8.4 PERSONNEL CARRIER 45

8.5 PUBLIC TRANSPORT VEHICLE 45

9 GLOBAL LOW SPEED VEHICLE MARKET, BY REGION 46

9.1 OVERVIEW 46

9.2 NORTH AMERICA 48

9.2.1 US 50

9.2.2 CANADA 51

9.2.3 MEXICO 52

9.3 EUROPE 53

9.3.1 GERMANY 55

9.3.2 U.K. 56

9.3.3 FRANCE 57

9.3.4 SPAIN 58

9.3.5 REST OF EUROPE 59

9.4 ASIA-PACIFIC 60

9.4.1 CHINA 62

9.4.2 JAPAN 63

9.4.3 INDIA 64

9.4.4 AUSTRALIA 65

9.4.5 REST OFASIA PACIFIC 66

9.5 REST OF THE WORLD 67

9.5.1 SOUTH AMERICA 69

9.5.2 MIDDLE EAST & AFRICA 70

10 COMPETITIVE LANDSCAPE 71

10.1 INTRODUCTION 71

10.2 COMPETITIVE BENCHMARKING 72

10.3 MARKET SHARE ANALYSIS, 2021 73

10.4 KEY DEVELOPMENT IN THE GLOBAL LOW SPEED VEHICLE MARKET 73

10.4.1 PRODUCT LAUNCH/DEVELOPMENT 73

10.4.2 PARTNERSHIP 74

10.4.3 COLLABORATION 74

11 COMPANY PROFILES 75

11.1 POLARIS INDUSTRIES INC. 75

11.1.1 COMPANY OVERVIEW 75

11.1.2 FINANCIAL OVERVIEW 76

11.1.3 PRODUCTS OFFERED 76

11.1.4 KEY DEVELOPMENTS 77

11.1.5 SWOT ANALYSIS 77

11.1.6 KEY STRATEGIES 78

11.2 TEXTRON INC. 79

11.2.1 COMPANY OVERVIEW 79

11.2.2 FINANCIAL OVERVIEW 80

11.2.3 PRODUCTS OFFERED 81

11.2.4 KEY DEVELOPMENTS 82

11.2.5 SWOT ANALYSIS 82

11.2.6 KEY STRATEGIES 82

11.3 THE TORO COMPANY 83

11.3.1 COMPANY OVERVIEW 83

11.3.2 FINANCIAL OVERVIEW 84

11.3.3 PRODUCTS OFFERED 84

11.3.4 KEY DEVELOPMENTS 85

11.3.5 SWOT ANALYSIS 85

11.3.6 KEY STRATEGIES 85

11.4 YAMAHA GOLF-CARS 86

11.4.1 COMPANY OVERVIEW 86

11.4.2 FINANCIAL OVERVIEW 86

11.4.3 PRODUCTS OFFERED 87

11.4.4 KEY DEVELOPMENTS 87

11.4.5 SWOT ANALYSIS 88

11.4.6 KEY STRATEGIES 88

11.5 DEERE & COMPANY 89

11.5.1 COMPANY OVERVIEW 89

11.5.2 FINANCIAL OVERVIEW 89

11.5.3 PRODUCTS OFFERED 90

11.5.4 KEY DEVELOPMENTS 90

11.5.5 SWOT ANALYSIS 90

11.5.6 KEY STRATEGIES 90

11.6 KUBOTA CORPORATION 91

11.6.1 COMPANY OVERVIEW 91

11.6.2 FINANCIAL OVERVIEW 92

11.6.3 PRODUCTS OFFERED 92

11.6.4 KEY DEVELOPMENTS 93

11.6.5 SWOT ANALYSIS 93

11.6.6 KEY STRATEGIES 93

11.7 COLUMBIA VEHICLE GROUP INC. 94

11.7.1 COMPANY OVERVIEW 94

11.7.2 FINANCIAL OVERVIEW 94

11.7.3 PRODUCTS OFFERED 94

11.7.4 KEY DEVELOPMENTS 95

11.7.5 SWOT ANALYSIS 95

11.7.6 KEY STRATEGIES 95

11.8 CLUB CAR, LLC 96

11.8.1 COMPANY OVERVIEW 96

11.8.2 FINANCIAL OVERVIEW 96

11.8.3 PRODUCTS OFFERED 97

11.8.4 KEY DEVELOPMENTS 98

11.8.5 SWOT ANALYSIS 99

11.8.6 KEY STRATEGIES 99

11.9 HDK ELECTRIC VEHICLES 100

11.9.1 COMPANY OVERVIEW 100

11.9.2 FINANCIAL OVERVIEW 100

11.9.3 PRODUCTS OFFERED 100

11.9.4 KEY DEVELOPMENTS 101

11.9.5 SWOT ANALYSIS 102

11.9.6 KEY STRATEGIES 102

11.10 AMERICAN LANDMASTER 103

11.10.1 COMPANY OVERVIEW 103

11.10.2 FINANCIAL OVERVIEW 103

11.10.3 PRODUCTS OFFERED 103

11.10.4 KEY DEVELOPMENTS 104

11.10.5 SWOT ANALYSIS 104

11.10.6 KEY STRATEGIES 105

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 28

TABLE 2 GLOBAL LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 39

TABLE 3 GLOBAL LOW SPEED VEHICLES MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 42

TABLE 4 GLOBAL LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 44

TABLE 5 GLOBAL LOW SPEED VEHICLE MARKET SIZE, BY REGION, 2018-2032 (USD MILLION) 47

TABLE 6 NORTH AMERICA: LOW SPEED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION) 48

TABLE 7 NORTH AMERICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 49

TABLE 8 NORTH AMERICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 49

TABLE 9 NORTH AMERICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 49

TABLE 10 US LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 50

TABLE 11 US LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 50

TABLE 12 US LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 50

TABLE 13 CANADA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 51

TABLE 14 CANADA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 51

TABLE 15 CANADA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 51

TABLE 16 MEXICO LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 52

TABLE 17 MEXICO LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 52

TABLE 18 MEXICO LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 52

TABLE 19 EUROPE: LOW SPEED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION) 53

TABLE 20 EUROPE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 54

TABLE 21 EUROPE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 54

TABLE 22 EUROPE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 54

TABLE 23 GERMANY LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 55

TABLE 24 GERMANY LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 55

TABLE 25 GERMANY LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 55

TABLE 26 U.K. LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 56

TABLE 27 U.K. LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 56

TABLE 28 U.K. LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 56

TABLE 29 FRANCE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 57

TABLE 30 FRANCE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 57

TABLE 31 FRANCE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 57

TABLE 32 SPAIN LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 58

TABLE 33 SPAIN LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 58

TABLE 34 SPAIN LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 58

TABLE 35 REST OF EUROPE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 59

TABLE 36 REST OF EUROPE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 59

TABLE 37 REST OF EUROPE LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 59

TABLE 38 ASIA-PACIFIC: LOW SPEED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION) 60

TABLE 39 ASIA-PACIFIC LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 61

TABLE 40 ASIA-PACIFIC LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 61

TABLE 41 ASIA-PACIFIC LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 61

TABLE 42 CHINA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 62

TABLE 43 CHINA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 62

TABLE 44 CHINA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 62

TABLE 45 INDIA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 63

TABLE 46 INDIA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 63

TABLE 47 JAPAN LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 63

TABLE 48 JAPAN LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 64

TABLE 49 JAPAN LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 64

TABLE 50 INDIA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 64

TABLE 51 SOUTH KOREA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 65

TABLE 52 SOUTH KOREA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 65

TABLE 53 AUSTRALIA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 65

TABLE 54 REST OF ASIA PACIFIC LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 66

TABLE 55 REST OF ASIA PACIFIC LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 66

TABLE 56 REST OF ASIA PACIFIC LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 66

TABLE 57 REST OF THE WORLD: LOW SPEED VEHICLE MARKET SIZE, BY COUNTRY, 2018-2032 (USD MILLION) 67

TABLE 58 REST OF THE WORLD LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 68

TABLE 59 REST OF THE WORLD LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 68

TABLE 60 REST OF THE WORLD LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 68

TABLE 61 SOUTH AMERICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 69

TABLE 62 SOUTH AMERICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 69

TABLE 63 SOUTH AMERICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 69

TABLE 64 MIDDLE EAST & AFRICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY POWER OUTPUT, 2018-2032 (USD MILLION) 70

TABLE 65 MIDDLE EAST & AFRICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY PROPULSION, 2018-2032 (USD MILLION) 70

TABLE 66 MIDDLE EAST & AFRICA LOW SPEED VEHICLE MARKET ESTIMATES & FORECAST, BY APPLICATION, 2018-2032 (USD MILLION) 70

TABLE 67 PRODUCT LAUNCH/DEVELOPMENT 73

TABLE 68 PARTNERSHIP 74

TABLE 69 COLLABORATION 74

TABLE 70 POLARIS INDUSTRIES INC.: PRODUCTS OFFERED 76

TABLE 71 POLARIS INDUSTRIES INC.: KEY DEVELOPMENTS 77

TABLE 72 TEXTRON INC.: PRODUCTS OFFERED 81

TABLE 73 THE TORO COMPANY: PRODUCTS OFFERED 84

TABLE 74 YAMAHA GOLF-CARS: PRODUCTS OFFERED 87

TABLE 75 YAMAHA GOLF-CARS: KEY DEVELOPMENTS 87

TABLE 76 DEERE & COMPANY: PRODUCTS OFFERED 90

TABLE 77 KUBOTA CORPORATION.: PRODUCTS OFFERED 92

TABLE 78 KUBOTA CORPORATION: KEY DEVELOPMENTS 93

TABLE 79 COLUMBIA VEHICLE GROUP INC.: PRODUCTS OFFERED 94

TABLE 80 COLUMBIA VEHICLE GROUP INC.: KEY DEVELOPMENTS 95

TABLE 81 CLUB CAR LLC.: PRODUCTS OFFERED 97

TABLE 82 CLUB CAR, LLC.: KEY DEVELOPMENTS 98

TABLE 83 HDK ELECTRIC VEHICLES: PRODUCTS OFFERED 100

TABLE 84 HDK ELECTRIC VEHICLES: KEY DEVELOPMENTS 101

TABLE 85 AMERICAN LANDMASTER: PRODUCTS OFFERED 103

TABLE 86 AMERICAN LANDMASTER: KEY DEVELOPMENTS 104

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 GLOBAL LOW SPEED VEHICLE MARKET ANALYSIS, BY POWER OUTPUT 17

FIGURE 3 GLOBAL LOW SPEED VEHICLE MARKET ANALYSIS, BY PROPULSION 18

FIGURE 4 GLOBAL LOW SPEED VEHICLE MARKET ANALYSIS, BY APPLICATION 19

FIGURE 5 GLOBAL LOW SPEED VEHICLE MARKET ANALYSIS, BY REGION 20

FIGURE 6 GLOBAL LOW SPEED VEHICLE MARKET: STRUCTURE 22

FIGURE 7 RESEARCH PROCESS 23

FIGURE 8 TOP-DOWN & BOTTOM-UP APPROACHES 26

FIGURE 9 DRO ANALYSIS OF THE GLOBAL LOW SPEED VEHICLE MARKET 29

FIGURE 10 DRIVERS IMPACT ANALYSIS: GLOBAL LOW SPEED VEHICLE MARKET 31

FIGURE 11 RESTRAINT IMPACT ANALYSIS: GLOBAL LOW SPEED VEHICLE MARKET 32

FIGURE 12 SUPPLY CHAIN: GLOBAL LOW SPEED VEHICLE MARKET 34

FIGURE 13 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL LOW SPEED VEHICLE MARKET 36

FIGURE 14 GLOBAL LOW SPEED VEHICLE MARKET, BY POWER OUTPUT, 2021 (% SHARE) 38

FIGURE 15 GLOBAL LOW SPEED VEHICLE MARKET, BY POWER OUTPUT, 2018 TO 2032 (USD MILLION) 38

FIGURE 16 GLOBAL LOW SPEED VEHICLE MARKET, BY PROPULSION, 2021 (% SHARE) 41

FIGURE 17 GLOBAL LOW SPEED VEHICLES MARKET, BY PROPULSION, 2018 TO 2032 (USD MILLION) 41

FIGURE 18 GLOBAL LOW SPEED VEHICLE MARKET, BY APPLICATION, 2021 (% SHARE) 43

FIGURE 19 GLOBAL LOW SPEED VEHICLE MARKET, BY APPLICATION, 2018 TO 2032 (USD MILLION) 43

FIGURE 20 GLOBAL LOW SPEED VEHICLE MARKET, BY REGION, 2021 (% SHARE) 46

FIGURE 21 GLOBAL LOW SPEED VEHICLE MARKET, BY REGION, 2018 TO 2032 (USD MILLION) 47

FIGURE 22 NORTH AMERICA: LOW SPEED VEHICLE MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 48

FIGURE 23 EUROPE: LOW SPEED VEHICLE MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 53

FIGURE 24 ASIA-PACIFIC: LOW SPEED VEHICLE MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 60

FIGURE 25 REST OF THE WORLD: LOW SPEED VEHICLE MARKET SHARE, BY COUNTRY, 2021 (% SHARE) 67

FIGURE 26 BENCHMARKING OF MAJOR COMPETITORS 72

FIGURE 27 MARKET SHARE ANALYSIS, 2021 (%) 73

FIGURE 28 POLARIS INDUSTRIES INC.: FINANCIAL OVERVIEW SNAPSHOT 76

FIGURE 29 POLARIS INDUSTRIES INC.: SWOT ANALYSIS 77

FIGURE 30 TEXTRON INC.: FINANCIAL OVERVIEW SNAPSHOT) 80

FIGURE 31 TEXTRON INC.: SWOT ANALYSIS 82

FIGURE 32 THE TORO COMPANY: FINANCIAL OVERVIEW SNAPSHOT 84

FIGURE 33 THE TORO COMPANY: SWOT ANALYSIS 85

FIGURE 34 YAMAHA MOTOR CO. LTD. (PARENT ORGANIZATION): FINANCIAL OVERVIEW SNAPSHOT 86

FIGURE 35 YAMAHA GOLF-CARS: SWOT ANALYSIS 88

FIGURE 36 DEERE & COMPANY: FINANCIAL OVERVIEW SNAPSHOT 89

FIGURE 37 DEERE & COMPANY: SWOT ANALYSIS 90

FIGURE 38 KUBOTA CORPORATION.: FINANCIAL OVERVIEW SNAPSHOT 92

FIGURE 39 KUBOTA CORPORATION: SWOT ANALYSIS 93

FIGURE 40 COLUMBIA VEHICLE GROUP INC.: SWOT ANALYSIS 95

FIGURE 41 INGERSOLL RAND (PARENTAL BRAND OF CLUB CAR, LLC): FINANCIAL OVERVIEW SNAPSHOT 96

FIGURE 42 CLUB CAR, LLC: SWOT ANALYSIS 99

FIGURE 43 HDK ELECTRIC VEHICLES: SWOT ANALYSIS 102

FIGURE 44 AMERICAN LANDMASTER: SWOT ANALYSIS 104

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