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市场调查报告书
商品编码
1587729

到 2030 年低速汽车市场预测：按类型、动力来源、输出、电池类型、座椅数量、应用、最终用户和地区进行的全球分析

Low-Speed Vehicle Market Forecasts to 2030 - Global Analysis By Type, Power Source, Power Output, Battery Type, Seating Capacity, Application, End User and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC的数据，2024年全球低速汽车市场规模为132.3亿美元，预计2030年将达到248.8亿美元，预测期内复合年增长率为11.1%。

低速车辆 (LSV) 市场是指汽车产业的一个细分市场，专注于设计以有限速度行驶的车辆，通常最高时速为 20-25 英里/小时（32-40 公里/小时）。这些车辆包括高尔夫球车、公共产业和个人移动解决方案，主要用于大都会环境中的短途出行。 LSV 通常由电力驱动，其环保特性满足了对环保运输方式日益增长的需求。

资料显示，2021年我国电动摩托车销量达5,337.5万辆，较去年同期成长16.5%，而锂电摩托车销量达与前一年同期比较万辆，与前一年同期比较去年同期成长22.6%，渗透率达17.4%。

都市化进程

全球最大城市的都市化是推动 LSV 市场的关键因素之一。 LSV描述了随着城市变得越来越拥挤和拥堵，实用且有效的近距离交通选择。 LSV 灵活且体积小，非常适合在拥挤地区和狭窄道路上行驶，同时也有助于改善空气品质。此外，LSV 可以将货物运送到最后一英里，从而消除对大型车辆的需求，并促进更永续的城市环境。

速度和范围有限

有限的速度和范围是市场的严重问题，影响使用和整体吸引力。大多数低速车辆都设计为在固定速度限制内行驶，通常设定为每小时 25 英里，这限制了它们在远距旅行和高速公路上的使用。此外，如果您需要远距旅行，您可能会发现电池的续航里程有限（通常一次充电可行驶 30 至 50 英里）。这些限制可能会让重视简单性和适应性的买家望而却步，因此製造商会创新具有更好性能指标的模型，以提高用户满意度并扩大他们的市场范围。

都市化与交通拥堵

交通拥挤和都市化对市场扩张有重大影响。不断增长的城市和人口对传统交通基础设施的需求将导致通勤时间延长和交通拥堵加剧。专为短程运输设计的低速车辆是穿越人口稠密城市的有效方式。它们体积小、速度慢，使其成为当地交通的理想选择，尤其是在人口稠密的地区。此外，LSV 可以取代大型车辆，减少交通流量并促进环保的城市交通。低速车辆的发展趋势与对环境永续城市交通解决方案日益增长的需求相吻合。

缺乏充电基础设施

对于低速汽车（LSV），特别是电动车来说，充电基础设施的缺乏是一个主要障碍。许多地区缺乏公共充电站，导致 LSV 车主很难为其车辆加油，尤其是那些无法使用家庭充电站的人。基础设施的缺乏引起了 LSV 潜在购买者的一系列担忧，并限制了 LSV 在远距旅行和频繁使用中的可用性。充电网路扩张缓慢，特别是在郊区和农村地区，进一步阻碍了 LSV 的普及。必须解决这个问题以促进市场成长和用户信任。

COVID-19 的影响

COVID-19 的爆发对低速车辆 (LSV) 行业产生了各种影响。经济不确定性、製造延误和供应链中断导致汽车销售和产量暂时下降。然而，疫情增加了对安全、环保的个人交通工具的需求，LSV成为近距离出行的首选，以避免拥挤的公共运输。随着组织和企业使用 LSV 进行非接触式交付和现场移动，它也推动了商业领域的需求。随着经济的扩张，环保交通的趋势预计将支持市场的扩张和復苏。

预计高尔夫球车市场在预测期内将是最大的市场

由于高尔夫球车在高尔夫球场的应用，预计在预测期内将占据最大的市场占有率。然而，由于其适应性和效用，它也被用于许多其他情况。如今，高尔夫球车经常用于维护、个人交通，甚至在封闭的社区内。它们的低排放气体、安静运行和易用性使其成为寻求便捷、环保交通的人的首选。

预计个人消费领域在预测期内复合年增长率最高。

预计个人消费领域在预测期内将以最高的复合年增长率成长。人们对环境议题的认识不断提高，促使人们使用电动 LSV 等环保交通方式。电动车运行成本低、价格实惠、适合住宅短途出行，作为日常交通工具颇具吸引力。这些车辆代表了满足个人交通需求的有用、经济且环保的解决方案。

比最大的地区

由于快速的都市化、日益严重的交通拥堵以及对减少碳排放的日益关注，预计亚太地区在预测期内将占据最大的市场占有率。该地区日益增强的环保意识和电动车推广法规（例如购买电动车的补贴）鼓励了 LSV 的使用。中国、日本和印度等国家的中产阶级人口不断增长、燃油价格上涨以及对经济实惠且环保的短途交通的渴望进一步推动了 LSV 的需求。

复合年增长率最高的地区

由于环境意识的提高和政府法规促进电动车的采用，预计北美地区在预测期内将实现最高的复合年增长率。消费者正在寻找经济且环保的短途旅行选择，尤其是在住宅、高尔夫球场和商业地点。 LSV 的需求部分是由燃料价格上涨和降低排放气体的需求所推动的。此外，电动车技术的进步和税额扣抵等激励措施使 LSV 对美国和加拿大的个人和企业越来越有吸引力。

免费客製化服务

订阅此报告的客户可以存取以下免费自订选项之一：

  • 公司简介
    • 其他市场参与企业的综合分析（最多 3 家公司）
    • 主要企业SWOT分析（最多3家企业）
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计/预测/复合年增长率（註：基于可行性检查）
  • 竞争标基准化分析
    • 按产品系列、地理分布和策略联盟对主要企业基准化分析

根据Stratistics MRC的数据，2024年全球低速车辆市场规模为132.3亿美元，预计2030年将达到248.8亿美元，预测期内复合年增长率为11.1%。低速车辆 (LSV) 市场是指汽车产业中专注于限速行驶车辆的细分市场，最高时速通常为 20-25 英里/小时（32-40 公里/小时）。这些车辆包括高尔夫球车、公共产业和个人移动解决方案，主要用于大都会环境中的短途出行。 LSV 通常由电力驱动，其环保特性满足了人们对环保运输方式日益增长的需求。

资料显示，2021年我国电动摩托车销量达5,337.5万辆，较去年同期成长16.5%，而锂电摩托车销量达与前一年同期比较万辆，与前一年同期比较去年同期成长22.6%，渗透率达17.4%。

都市化进程

全球最大城市的都市化是推动 LSV 市场的关键因素之一。 LSV描述了随着城市变得越来越拥挤和拥堵，实用且有效的近距离交通选择。 LSV 灵活且体积小，非常适合在拥挤地区和狭窄道路上行驶，同时也有助于改善空气品质。此外，LSV 可以将货物运送到最后一英里，从而消除对大型车辆的需求，并促进更永续的城市环境。

速度和范围有限

有限的速度和范围是市场的严重问题，影响使用和整体吸引力。大多数低速车辆都设计为在固定速度限制内行驶，通常设定为每小时 25 英里，这限制了它们在远距旅行和高速公路上的使用。此外，如果您需要远距旅行，您可能会发现电池的续航里程有限（通常一次充电可行驶 30 至 50 英里）。这些限制可能会让重视简单性和适应性的买家望而却步，因此製造商会创新具有更好性能指标的模型，以提高用户满意度并扩大他们的市场范围。

都市化与交通拥堵

交通拥挤和都市化对市场扩张有重大影响。不断增长的城市和人口对传统交通基础设施的需求将导致通勤时间延长和交通拥堵加剧。专为短程运输设计的低速车辆是穿越人口稠密城市的有效方式。它们体积小、速度慢，使其成为当地交通的理想选择，尤其是在人口稠密的地区。此外，LSV 可以取代大型车辆，减少交通流量并促进环保的城市交通。低速车辆的发展趋势与对环境永续城市交通解决方案日益增长的需求相吻合。

缺乏充电基础设施

对于低速汽车（LSV），特别是电动车来说，充电基础设施的缺乏是一个主要障碍。许多地区缺乏公共充电站，导致 LSV 车主很难为其车辆加油，尤其是那些无法使用家庭充电站的人。基础设施的缺乏引起了潜在 LSV 购买者的一系列担忧，并限制了 LSV 在远距旅行和频繁使用中的可用性。充电网路扩张缓慢，特别是在郊区和农村地区，进一步阻碍了 LSV 的普及。必须解决这个问题以促进市场成长和用户信任。

COVID-19 的影响

COVID-19 的爆发对低速车辆 (LSV) 行业产生了各种影响。经济不确定性、製造延误和供应链中断导致汽车销售和产量暂时下降。然而，疫情增加了对安全、环保的个人交通工具的需求，LSV成为近距离出行的首选，以避免拥挤的公共运输。随着组织和企业使用 LSV 进行非接触式交付和现场移动，它也推动了商业领域的需求。随着经济的扩张，环保交通的趋势预计将支持市场的扩张和復苏。

预计高尔夫球车市场在预测期内将是最大的市场

由于高尔夫球车在高尔夫球场的应用，预计在预测期内将占据最大的市场占有率。然而，由于其适应性和效用，它也被用于许多其他情况。如今，高尔夫球车经常用于维护、个人交通，甚至在封闭的社区内。它们的低排放气体、安静和易用性使其成为寻求便利、环保交通的人的首选。

预计个人消费领域在预测期内复合年增长率最高。

预计个人消费领域在预测期内将以最高的复合年增长率成长。人们对环境问题的认识不断提高，促使人们使用电动 LSV 等环保交通工具。电动车运行成本低、价格实惠、适合住宅短途出行，作为日常交通工具颇具吸引力。这些车辆代表了满足个人交通需求的有用、经济且环保的解决方案。

比最大的地区

由于快速的都市化、日益严重的交通拥堵以及对减少碳排放的日益关注，预计亚太地区在预测期内将占据最大的市场占有率。该地区日益增强的环保意识和电动车推广法规（例如购买电动车的补贴）鼓励了 LSV 的使用。中国、日本和印度等国家的中产阶级人口不断增长、燃油价格上涨以及对经济实惠且环保的短途交通的渴望进一步推动了 LSV 的需求。

复合年增长率最高的地区

由于环境意识的提高和政府法规促进电动车的采用，预计北美地区在预测期内将实现最高的复合年增长率。消费者正在寻找经济且环保的短途旅行选择，尤其是在住宅、高尔夫球场和企业。 LSV 的需求部分是由燃料价格上涨和降低排放气体的需求所推动的。此外，电动车技术的进步和税额扣抵等激励措施使 LSV 对美国和加拿大的个人和企业越来越有吸引力。

免费客製化服务

订阅此报告的客户可以存取以下免费自订选项之一：

  • 公司简介
    • 其他市场参与企业的综合分析（最多 3 家公司）
    • 主要企业SWOT分析（最多3家企业）
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计/预测/复合年增长率（註：基于可行性检查）
  • 竞争标基准化分析
    • 按产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 研究资讯来源
    • 主要研究资讯来源
    • 二次研究资讯来源
    • 先决条件

第三章市场趋势分析

  • 介绍
  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • COVID-19 的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第五章 全球低速汽车市场：依类型

  • 介绍
  • 邻里电动车 (NEV)
  • 高尔夫球车
  • 公共产业车辆
    • 商用草坪公共产业车
    • 工业公共产业车
  • 电动自行车（E-bike）
  • 其他的

第六章 全球低速汽车市场：依动力来源划分

  • 介绍
  • 电
  • 汽油
  • 柴油引擎

第七章 全球低速汽车市场：按功率输出

  • 介绍
  • 8kW以下
  • 8～15kW
  • 15kW以上

第八章全球低速汽车市场：依电池类型

  • 介绍
  • 锂离子电池
  • 铅酸电池

第九章 全球低速汽车市场：依座位数划分

  • 介绍
  • 1人
  • 2人
  • 多个名字

第十章 全球低速汽车市场：依应用分类

  • 介绍
  • 个人交通
  • 商业的
  • 休閒
  • 工业设施
  • 高尔夫球场
  • 饭店及度假村
  • 其他的

第十一章全球低速汽车市场：依最终用户分类

  • 介绍
  • 个人消费者
  • 公司
  • 政府和地方政府
  • 其他的

第十二章 全球低速汽车市场：按地区划分

  • 介绍
  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 欧洲其他地区
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东/非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东/非洲

第十三章 主要发展

  • 合约、伙伴关係、合作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务拓展
  • 其他关键策略

第十四章 公司概况

  • Club Car
  • Yamaha Golf-Car Company
  • Polaris Industries Inc.
  • Textron Specialized Vehicles Inc.
  • Bradshaw Electric Vehicles
  • Garia
  • American Custom Golf Cars
  • JH Global Services, Inc.
  • Tomberlin
  • Cushman
  • Eco Battery
  • Invacare Corporation
  • EZ-GO Express
  • Green Power Motor Company Inc.
Product Code: SMRC27723

According to Stratistics MRC, the Global Low-Speed Vehicle Market is accounted for $13.23 billion in 2024 and is expected to reach $24.88 billion by 2030 growing at a CAGR of 11.1% during the forecast period. The low-speed vehicle (LSV) market refers to the segment of the automotive industry focused on vehicles designed for limited-speed travel, typically reaching a maximum speed of 20 to 25 miles per hour (32 to 40 km/h). These vehicles, which include golf carts, commercial utility vehicles, and personal mobility solutions, are mostly utilized for short-distance transportation in metropolitan settings. The eco-friendly characteristics of LSVs, which are frequently electric-powered, correspond with the rising demand for environmentally beneficial modes of transportation.

According to data, the sales volume of electrical two-wheelers in China in 2021 reached 53.375 million units, up 16.5% year on year, and therefore the sales volume of lithium two-wheelers reached 9.287 million units, up 22.6% year on year, with a penetration rate of 17.4%.

Market Dynamics:

Driver:

Increased urbanization

The global metropolis urbanization is one of the main factors propelling the LSV market. LSVs provide a practical and effective short-distance transportation option as cities get increasingly crowded and congested. They are ideal for negotiating congested regions and small streets because to their agility and reduced size, which also helps to improve the quality of the air. Furthermore, LSVs can deliver goods the last mile, which eliminates the need for larger vehicles and promotes a more sustainable urban environment.

Restraint:

Limited speed and range

Limited speed and range pose serious problems for the market, affecting their usage and overall appeal. Their use is limited for longer journeys or on higher-speed roads because the majority of low-speed vehicles are made to run within certain speed limits, usually set at 25 mph. Additionally, those needing longer travel distances might find the battery's limited range-typically between 30 and 50 miles on a single charge. These restrictions have the potential to turn off purchasers who value simplicity and adaptability, which encourages manufacturers to innovate and create models with better performance metrics in order to increase user happiness and broaden their market reach.

Opportunity:

Urbanization and traffic congestion

Traffic congestion and urbanization have an enormous effect on market expansion. Longer commutes and more traffic jams result from the demand on traditional transportation infrastructure caused by growing cities and populations. Designed for short-distance transport, low-speed vehicles provide an efficient means to get through densely populated cities. They are perfect for local travel because of their small size and slow pace, especially in places with a high population density. Additionally, by offering a substitute for larger cars, LSVs help to lessen traffic and encourage more environmentally friendly urban mobility. The trend toward low-speed vehicles is in line with the growing need for environmentally sustainable city transit solutions.

Threat:

Insufficient charging infrastructure

Insufficient charging infrastructure is a significant barrier in the low-speed vehicle (LSV), particularly for electric models. The scarcity of public charging stations in many areas makes it challenging for LSV owners to refuel their vehicles, particularly for those without access to home charging stations. Range anxiety among potential purchasers arises from this lack of infrastructure, which limits the usability of LSVs over longer trips and more frequent usage. Further impeding the wider use of LSVs is the sluggish expansion of charging networks, especially in suburban and rural locations. To promote growth and user confidence in the market, this issue must be addressed.

Covid-19 Impact

The COVID-19 epidemic impacted the low-speed vehicle (LSV) sector in a various manners. Economic uncertainty, manufacturing delays, and supply chain disruptions caused a brief drop in vehicle sales and production. However, the pandemic increased demand for safe and environmentally friendly personal transportation choices, and LSVs became a well-liked option for short-distance travel to avoid congested public transportation. Demand in the commercial sector was also fuelled by the use of LSVs by organizations and corporations for contactless delivery and on-site mobility. The trend toward environmentally friendly transportation is anticipated to bolster the market's expansion and recovery as economies expand.

The golf carts segment is expected to be the largest during the forecast period

The golf carts segment is projected to account for the largest market share during the projection period, due to their application on golf courses. However due to their adaptability and usefulness, they have been used in a number of other settings. These days, golf carts are frequently utilized for maintenance, personal transportation, and even as a means of mobility inside gated communities. They are a desirable choice for people looking for a convenient and environmentally friendly mode of transportation because of their minimal emissions, silent operation, and ease of use.

The individual consumers segment is expected to have the highest CAGR during the forecast period

During the projection period, the individual consumers segment is expected to grow at the highest CAGR. Growing environmental concerns are encouraging individuals to use eco-friendly modes of transportation, such as electric LSVs. They are attractive for daily transportation due to their cheap running costs, affordability, and adaptability for short-distance travel in residential areas. These vehicles offer a useful, economical, and environmentally conscious solution to individual transportation requirements.

Region with largest share:

During the estimation period, the Asia Pacific region is expected to capture the largest market share, due to rapid urbanization, worsening traffic, and a rising focus on cutting carbon emissions. The use of LSVs is being promoted by the region's growing environmental consciousness and pro-EV regulations, such as subsidies for the purchase of electric vehicles. Further driving demand for LSVs in nations like China, Japan, and India are growing middle-class populations, rising fuel prices, and the desire for affordable, environmentally friendly transportation for short journeys.

Region with highest CAGR:

The North America region is projected to achieve the highest CAGR during the forecast period, owing to increasing environmental awareness and government regulations promoting electric vehicle adoption. Consumers seek economical and environmentally beneficial options for short-distance travel, especially in residential neighborhoods, golf courses, and business establishments. The demand for LSVs is partly fuelled by rising fuel prices and a need for lower emissions. Furthermore, LSVs are becoming more and more attractive to people and companies in the US and Canada due to developments in electric vehicle technology and incentives like tax credits.

Key players in the market

Some of the key players profiled in the Low-Speed Vehicle Market include Club Car, Yamaha Golf-Car Company, Polaris Industries Inc., Textron Specialized Vehicles Inc., Bradshaw Electric Vehicles, Garia, American Custom Golf Cars, JH Global Services, Inc., Tomberlin, Cushman, Eco Battery, Invacare Corporation, EZ-GO Express, and Green Power Motor Company Inc.

Key Developments:

In August 2024, Club Car announced the launch of its new electric golf cart model, featuring enhanced battery technology for longer range and improved performance on golf courses.

In March 2024, Polaris Industries Inc. unveiled the GEM e2, a compact electric vehicle designed for neighborhood transportation, focusing on sustainability and ease of use in urban areas.

In January 2024, Textron Specialized Vehicles announced the development of the new Cushman Hauler, an electric utility vehicle tailored for industrial applications with enhanced cargo capacity.

In November 2023, Yamaha Golf-Car Company launched its latest golf cart model with advanced safety features and customizable options for enhanced user experience.

Types Covered:

  • Neighborhood Electric Vehicles (NEVs)
  • Golf Carts
  • Utility Vehicles
  • Electric Bicycles (E-bikes)
  • Other Types

Power Sources Covered:

  • Electric
  • Gasoline
  • Diesel

Power Outputs Covered:

  • <8 kW
  • 8-15 kW
  • >15 kW

Battery Types Covered:

  • Li-Ion Battery
  • Lead Acid Battery

Seating Capacities Covered:

  • Single-Seater
  • Two-Seater
  • Multi-Seater

Applications Covered:

  • Personal Transportation
  • Commercial
  • Recreational
  • Industrial Facilities
  • Golf Courses
  • Hotels & Resorts
  • Other Applications

End Users Covered:

  • Individual Consumers
  • Businesses
  • Government and Municipalities
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

According to Stratistics MRC, the Global Low-Speed Vehicle Market is accounted for $13.23 billion in 2024 and is expected to reach $24.88 billion by 2030 growing at a CAGR of 11.1% during the forecast period. The low-speed vehicle (LSV) market refers to the segment of the automotive industry focused on vehicles designed for limited-speed travel, typically reaching a maximum speed of 20 to 25 miles per hour (32 to 40 km/h). These vehicles, which include golf carts, commercial utility vehicles, and personal mobility solutions, are mostly utilized for short-distance transportation in metropolitan settings. The eco-friendly characteristics of LSVs, which are frequently electric-powered, correspond with the rising demand for environmentally beneficial modes of transportation.

According to data, the sales volume of electrical two-wheelers in China in 2021 reached 53.375 million units, up 16.5% year on year, and therefore the sales volume of lithium two-wheelers reached 9.287 million units, up 22.6% year on year, with a penetration rate of 17.4%.

Market Dynamics:

Driver:

Increased urbanization

The global metropolis urbanization is one of the main factors propelling the LSV market. LSVs provide a practical and effective short-distance transportation option as cities get increasingly crowded and congested. They are ideal for negotiating congested regions and small streets because to their agility and reduced size, which also helps to improve the quality of the air. Furthermore, LSVs can deliver goods the last mile, which eliminates the need for larger vehicles and promotes a more sustainable urban environment.

Restraint:

Limited speed and range

Limited speed and range pose serious problems for the market, affecting their usage and overall appeal. Their use is limited for longer journeys or on higher-speed roads because the majority of low-speed vehicles are made to run within certain speed limits, usually set at 25 mph. Additionally, those needing longer travel distances might find the battery's limited range-typically between 30 and 50 miles on a single charge. These restrictions have the potential to turn off purchasers who value simplicity and adaptability, which encourages manufacturers to innovate and create models with better performance metrics in order to increase user happiness and broaden their market reach.

Opportunity:

Urbanization and traffic congestion

Traffic congestion and urbanization have an enormous effect on market expansion. Longer commutes and more traffic jams result from the demand on traditional transportation infrastructure caused by growing cities and populations. Designed for short-distance transport, low-speed vehicles provide an efficient means to get through densely populated cities. They are perfect for local travel because of their small size and slow pace, especially in places with a high population density. Additionally, by offering a substitute for larger cars, LSVs help to lessen traffic and encourage more environmentally friendly urban mobility. The trend toward low-speed vehicles is in line with the growing need for environmentally sustainable city transit solutions.

Threat:

Insufficient charging infrastructure

Insufficient charging infrastructure is a significant barrier in the low-speed vehicle (LSV), particularly for electric models. The scarcity of public charging stations in many areas makes it challenging for LSV owners to refuel their vehicles, particularly for those without access to home charging stations. Range anxiety among potential purchasers arises from this lack of infrastructure, which limits the usability of LSVs over longer trips and more frequent usage. Further impeding the wider use of LSVs is the sluggish expansion of charging networks, especially in suburban and rural locations. To promote growth and user confidence in the market, this issue must be addressed.

Covid-19 Impact

The COVID-19 epidemic impacted the low-speed vehicle (LSV) sector in a various manners. Economic uncertainty, manufacturing delays, and supply chain disruptions caused a brief drop in vehicle sales and production. However, the pandemic increased demand for safe and environmentally friendly personal transportation choices, and LSVs became a well-liked option for short-distance travel to avoid congested public transportation. Demand in the commercial sector was also fuelled by the use of LSVs by organizations and corporations for contactless delivery and on-site mobility. The trend toward environmentally friendly transportation is anticipated to bolster the market's expansion and recovery as economies expand.

The golf carts segment is expected to be the largest during the forecast period

The golf carts segment is projected to account for the largest market share during the projection period, due to their application on golf courses. However due to their adaptability and usefulness, they have been used in a number of other settings. These days, golf carts are frequently utilized for maintenance, personal transportation, and even as a means of mobility inside gated communities. They are a desirable choice for people looking for a convenient and environmentally friendly mode of transportation because of their minimal emissions, silent operation, and ease of use.

The individual consumers segment is expected to have the highest CAGR during the forecast period

During the projection period, the individual consumers segment is expected to grow at the highest CAGR. Growing environmental concerns are encouraging individuals to use eco-friendly modes of transportation, such as electric LSVs. They are attractive for daily transportation due to their cheap running costs, affordability, and adaptability for short-distance travel in residential areas. These vehicles offer a useful, economical, and environmentally conscious solution to individual transportation requirements.

Region with largest share:

During the estimation period, the Asia Pacific region is expected to capture the largest market share, due to rapid urbanization, worsening traffic, and a rising focus on cutting carbon emissions. The use of LSVs is being promoted by the region's growing environmental consciousness and pro-EV regulations, such as subsidies for the purchase of electric vehicles. Further driving demand for LSVs in nations like China, Japan, and India are growing middle-class populations, rising fuel prices, and the desire for affordable, environmentally friendly transportation for short journeys.

Region with highest CAGR:

The North America region is projected to achieve the highest CAGR during the forecast period, owing to increasing environmental awareness and government regulations promoting electric vehicle adoption. Consumers seek economical and environmentally beneficial options for short-distance travel, especially in residential neighborhoods, golf courses, and business establishments. The demand for LSVs is partly fuelled by rising fuel prices and a need for lower emissions. Furthermore, LSVs are becoming more and more attractive to people and companies in the US and Canada due to developments in electric vehicle technology and incentives like tax credits.

Key players in the market

Some of the key players profiled in the Low-Speed Vehicle Market include Club Car, Yamaha Golf-Car Company, Polaris Industries Inc., Textron Specialized Vehicles Inc., Bradshaw Electric Vehicles, Garia, American Custom Golf Cars, JH Global Services, Inc., Tomberlin, Cushman, Eco Battery, Invacare Corporation, EZ-GO Express, and Green Power Motor Company Inc.

Key Developments:

In August 2024, Club Car announced the launch of its new electric golf cart model, featuring enhanced battery technology for longer range and improved performance on golf courses.

In March 2024, Polaris Industries Inc. unveiled the GEM e2, a compact electric vehicle designed for neighborhood transportation, focusing on sustainability and ease of use in urban areas.

In January 2024, Textron Specialized Vehicles announced the development of the new Cushman Hauler, an electric utility vehicle tailored for industrial applications with enhanced cargo capacity.

In November 2023, Yamaha Golf-Car Company launched its latest golf cart model with advanced safety features and customizable options for enhanced user experience.

Types Covered:

  • Neighborhood Electric Vehicles (NEVs)
  • Golf Carts
  • Utility Vehicles
  • Electric Bicycles (E-bikes)
  • Other Types

Power Sources Covered:

  • Electric
  • Gasoline
  • Diesel

Power Outputs Covered:

  • <8 kW
  • 8-15 kW
  • >15 kW

Battery Types Covered:

  • Li-Ion Battery
  • Lead Acid Battery

Seating Capacities Covered:

  • Single-Seater
  • Two-Seater
  • Multi-Seater

Applications Covered:

  • Personal Transportation
  • Commercial
  • Recreational
  • Industrial Facilities
  • Golf Courses
  • Hotels & Resorts
  • Other Applications

End Users Covered:

  • Individual Consumers
  • Businesses
  • Government and Municipalities
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Low-Speed Vehicle Market, By Type

  • 5.1 Introduction
  • 5.2 Neighborhood Electric Vehicles (NEVs)
  • 5.3 Golf Carts
  • 5.4 Utility Vehicles
    • 5.4.1 Commercial Turf Utility Vehicles
    • 5.4.2 Industrial Utility Vehicles
  • 5.5 Electric Bicycles (E-bikes)
  • 5.6 Other Types

6 Global Low-Speed Vehicle Market, By Power Source

  • 6.1 Introduction
  • 6.2 Electric
  • 6.3 Gasoline
  • 6.4 Diesel

7 Global Low-Speed Vehicle Market, By Power Output

  • 7.1 Introduction
  • 7.2 <8 kW
  • 7.3 8-15 kW
  • 7.4 >15 kW

8 Global Low-Speed Vehicle Market, By Battery Type

  • 8.1 Introduction
  • 8.2 Li-Ion Battery
  • 8.3 Lead Acid Battery

9 Global Low-Speed Vehicle Market, By Seating Capacity

  • 9.1 Introduction
  • 9.2 Single-Seater
  • 9.3 Two-Seater
  • 9.4 Multi-Seater

10 Global Low-Speed Vehicle Market, By Application

  • 10.1 Introduction
  • 10.2 Personal Transportation
  • 10.3 Commercial
  • 10.4 Recreational
  • 10.5 Industrial Facilities
  • 10.6 Golf Courses
  • 10.7 Hotels & Resorts
  • 10.8 Other Applications

11 Global Low-Speed Vehicle Market, By End User

  • 11.1 Introduction
  • 11.2 Individual Consumers
  • 11.3 Businesses
  • 11.4 Government and Municipalities
  • 11.5 Other End Users

12 Global Low-Speed Vehicle Market, By Geography

  • 12.1 Introduction
  • 12.2 North America
    • 12.2.1 US
    • 12.2.2 Canada
    • 12.2.3 Mexico
  • 12.3 Europe
    • 12.3.1 Germany
    • 12.3.2 UK
    • 12.3.3 Italy
    • 12.3.4 France
    • 12.3.5 Spain
    • 12.3.6 Rest of Europe
  • 12.4 Asia Pacific
    • 12.4.1 Japan
    • 12.4.2 China
    • 12.4.3 India
    • 12.4.4 Australia
    • 12.4.5 New Zealand
    • 12.4.6 South Korea
    • 12.4.7 Rest of Asia Pacific
  • 12.5 South America
    • 12.5.1 Argentina
    • 12.5.2 Brazil
    • 12.5.3 Chile
    • 12.5.4 Rest of South America
  • 12.6 Middle East & Africa
    • 12.6.1 Saudi Arabia
    • 12.6.2 UAE
    • 12.6.3 Qatar
    • 12.6.4 South Africa
    • 12.6.5 Rest of Middle East & Africa

13 Key Developments

  • 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 13.2 Acquisitions & Mergers
  • 13.3 New Product Launch
  • 13.4 Expansions
  • 13.5 Other Key Strategies

14 Company Profiling

  • 14.1 Club Car
  • 14.2 Yamaha Golf-Car Company
  • 14.3 Polaris Industries Inc.
  • 14.4 Textron Specialized Vehicles Inc.
  • 14.5 Bradshaw Electric Vehicles
  • 14.6 Garia
  • 14.7 American Custom Golf Cars
  • 14.8 JH Global Services, Inc.
  • 14.9 Tomberlin
  • 14.10 Cushman
  • 14.11 Eco Battery
  • 14.12 Invacare Corporation
  • 14.13 EZ-GO Express
  • 14.14 Green Power Motor Company Inc.

List of Tables

  • Table 1 Global Low-Speed Vehicle Market Outlook, By Region (2022-2030) ($MN)
  • Table 2 Global Low-Speed Vehicle Market Outlook, By Type (2022-2030) ($MN)
  • Table 3 Global Low-Speed Vehicle Market Outlook, By Neighborhood Electric Vehicles (NEVs) (2022-2030) ($MN)
  • Table 4 Global Low-Speed Vehicle Market Outlook, By Golf Carts (2022-2030) ($MN)
  • Table 5 Global Low-Speed Vehicle Market Outlook, By Utility Vehicles (2022-2030) ($MN)
  • Table 6 Global Low-Speed Vehicle Market Outlook, By Commercial Turf Utility Vehicles (2022-2030) ($MN)
  • Table 7 Global Low-Speed Vehicle Market Outlook, By Industrial Utility Vehicles (2022-2030) ($MN)
  • Table 8 Global Low-Speed Vehicle Market Outlook, By Electric Bicycles (E-bikes) (2022-2030) ($MN)
  • Table 9 Global Low-Speed Vehicle Market Outlook, By Other Types (2022-2030) ($MN)
  • Table 10 Global Low-Speed Vehicle Market Outlook, By Power Source (2022-2030) ($MN)
  • Table 11 Global Low-Speed Vehicle Market Outlook, By Electric (2022-2030) ($MN)
  • Table 12 Global Low-Speed Vehicle Market Outlook, By Gasoline (2022-2030) ($MN)
  • Table 13 Global Low-Speed Vehicle Market Outlook, By Diesel (2022-2030) ($MN)
  • Table 14 Global Low-Speed Vehicle Market Outlook, By Power Output (2022-2030) ($MN)
  • Table 15 Global Low-Speed Vehicle Market Outlook, By <8 kW (2022-2030) ($MN)
  • Table 16 Global Low-Speed Vehicle Market Outlook, By 8-15 kW (2022-2030) ($MN)
  • Table 17 Global Low-Speed Vehicle Market Outlook, By >15 kW (2022-2030) ($MN)
  • Table 18 Global Low-Speed Vehicle Market Outlook, By Battery Type (2022-2030) ($MN)
  • Table 19 Global Low-Speed Vehicle Market Outlook, By Li-Ion Battery (2022-2030) ($MN)
  • Table 20 Global Low-Speed Vehicle Market Outlook, By Lead Acid Battery (2022-2030) ($MN)
  • Table 21 Global Low-Speed Vehicle Market Outlook, By Seating Capacity (2022-2030) ($MN)
  • Table 22 Global Low-Speed Vehicle Market Outlook, By Single-Seater (2022-2030) ($MN)
  • Table 23 Global Low-Speed Vehicle Market Outlook, By Two-Seater (2022-2030) ($MN)
  • Table 24 Global Low-Speed Vehicle Market Outlook, By Multi-Seater (2022-2030) ($MN)
  • Table 25 Global Low-Speed Vehicle Market Outlook, By Application (2022-2030) ($MN)
  • Table 26 Global Low-Speed Vehicle Market Outlook, By Personal Transportation (2022-2030) ($MN)
  • Table 27 Global Low-Speed Vehicle Market Outlook, By Commercial (2022-2030) ($MN)
  • Table 28 Global Low-Speed Vehicle Market Outlook, By Recreational (2022-2030) ($MN)
  • Table 29 Global Low-Speed Vehicle Market Outlook, By Industrial Facilities (2022-2030) ($MN)
  • Table 30 Global Low-Speed Vehicle Market Outlook, By Golf Courses (2022-2030) ($MN)
  • Table 31 Global Low-Speed Vehicle Market Outlook, By Hotels & Resorts (2022-2030) ($MN)
  • Table 32 Global Low-Speed Vehicle Market Outlook, By Other Applications (2022-2030) ($MN)
  • Table 33 Global Low-Speed Vehicle Market Outlook, By End User (2022-2030) ($MN)
  • Table 34 Global Low-Speed Vehicle Market Outlook, By Individual Consumers (2022-2030) ($MN)
  • Table 35 Global Low-Speed Vehicle Market Outlook, By Businesses (2022-2030) ($MN)
  • Table 36 Global Low-Speed Vehicle Market Outlook, By Government and Municipalities (2022-2030) ($MN)
  • Table 37 Global Low-Speed Vehicle Market Outlook, By Other End Users (2022-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.