A low speed electric vehicle (LSV) is a four-wheeled vehicle with an attainable speed of more than 20 miles per hour but not more than 25 miles per hour (in China, not more than 70 kilometers per hour) on a paved surface, and it has a gross vehicle weight rating (GVWR) of less than 3,000 pounds. It cannot be powered by gas or diesel fuel.

Global consumption of low speed electric vehicles surged in the past two years with the good sales of scooters in China market. Global low speed electric vehicles are expected to sales 1.5 million units in 2021 and more than 80% will appear in China market, which exhibits a promising trend of the industry. For the products types, lithium ion batteries based low speed electric vehicles are more favored in USA, Europe and Japan, while lead-acid batteries based products take a large market share in China.

Attracted by the market profits, more and more companies have entered into low speed electric vehicles industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of low speed electric vehicles industry in global market, Textron and Yamaha are the leaders. For another, China suppliers such as Yogomo, Dojo and Shifeng have obvious large sales market share.

Briefly speaking, in the nest short years, low speed electric vehicles industry is still a highly energetic field. It will come true that low speed electric vehicles market holds a CAGR over 10% in the next five years. Price and performance will be the attractive point for consumers. For the fierce competition, consolidation of low speed electric vehicles industry is expected to appear.

According to this study, over the next five years the Low Speed Electric Vehicles market will register a 10.8% CAGR in terms of revenue, the global market size will reach US$ 8870 million by 2024, from US$ 4790 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Low Speed Electric Vehicles business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Low Speed Electric Vehicles market by product type, application, key manufacturers and key regions and countries.

This study considers the Low Speed Electric Vehicles value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

Lithium-Ion Battery Low Speed Electric Vehicle

Lead-Acid Battery Low Speed Electric Vehicle

Other (Including nickel-based battery, sodium-sulfur battery, secondary lithium battery, air battery, etc.)

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

Personal Use

Golf Course

Public Utilities

Sightseeing

Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

Textron

Yamaha

Polaris

Renault

Garia

Ingersoll Rand

CiEcar Electric Vehicles

Star EV

Melex

Columbia

Yogomo

Dojo

Shifeng

Byvin

Lichi

Baoya

Fulu

Tangjun

Xinyuzhou

GreenWheel EV

Incalu

Kandi

APACHE

Zheren

Eagle

Taiqi

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Low Speed Electric Vehicles consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.

To understand the structure of Low Speed Electric Vehicles market by identifying its various subsegments.

Focuses on the key global Low Speed Electric Vehicles manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Low Speed Electric Vehicles with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Low Speed Electric Vehicles submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

2019-2024 Global Low Speed Electric Vehicles Consumption Market Report

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

2.1 World Market Overview

2.1.1 Global Low Speed Electric Vehicles Consumption 2014-2024

2.1.2 Low Speed Electric Vehicles Consumption CAGR by Region

2.2 Low Speed Electric Vehicles Segment by Type

2.2.1 Lithium-Ion Battery Low Speed Electric Vehicle

2.2.2 Lead-Acid Battery Low Speed Electric Vehicle

2.2.3 Other (Including nickel-based battery, sodium-sulfur battery, secondary lithium battery, air battery, etc.)

2.3 Low Speed Electric Vehicles Consumption by Type

2.3.1 Global Low Speed Electric Vehicles Consumption Market Share by Type (2014-2019)

2.3.2 Global Low Speed Electric Vehicles Revenue and Market Share by Type (2014-2019)

2.3.3 Global Low Speed Electric Vehicles Sale Price by Type (2014-2019)

2.4 Low Speed Electric Vehicles Segment by Application

2.4.1 Personal Use

2.4.2 Golf Course

2.4.3 Public Utilities

2.4.4 Sightseeing

2.4.5 Others

2.5 Low Speed Electric Vehicles Consumption by Application

2.5.1 Global Low Speed Electric Vehicles Consumption Market Share by Application (2014-2019)

2.5.2 Global Low Speed Electric Vehicles Value and Market Share by Application (2014-2019)

2.5.3 Global Low Speed Electric Vehicles Sale Price by Application (2014-2019)

3 Global Low Speed Electric Vehicles by Players

3.1 Global Low Speed Electric Vehicles Sales Market Share by Players

3.1.1 Global Low Speed Electric Vehicles Sales by Players (2017-2019)

3.1.2 Global Low Speed Electric Vehicles Sales Market Share by Players (2017-2019)

3.2 Global Low Speed Electric Vehicles Revenue Market Share by Players

3.2.1 Global Low Speed Electric Vehicles Revenue by Players (2017-2019)

3.2.2 Global Low Speed Electric Vehicles Revenue Market Share by Players (2017-2019)

3.3 Global Low Speed Electric Vehicles Sale Price by Players

3.4 Global Low Speed Electric Vehicles Manufacturing Base Distribution, Sales Area, Product Types by Players

3.4.1 Global Low Speed Electric Vehicles Manufacturing Base Distribution and Sales Area by Players

3.4.2 Players Low Speed Electric Vehicles Products Offered

3.5 Market Concentration Rate Analysis

3.5.1 Competition Landscape Analysis

3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)

3.6 New Products and Potential Entrants

3.7 Mergers & Acquisitions, Expansion

4 Low Speed Electric Vehicles by Regions

4.1 Low Speed Electric Vehicles by Regions

4.1.1 Global Low Speed Electric Vehicles Consumption by Regions

4.1.2 Global Low Speed Electric Vehicles Value by Regions

4.2 Americas Low Speed Electric Vehicles Consumption Growth

4.3 APAC Low Speed Electric Vehicles Consumption Growth

4.4 Europe Low Speed Electric Vehicles Consumption Growth

4.5 Middle East & Africa Low Speed Electric Vehicles Consumption Growth

5 Americas

5.1 Americas Low Speed Electric Vehicles Consumption by Countries

5.1.1 Americas Low Speed Electric Vehicles Consumption by Countries (2014-2019)

5.1.2 Americas Low Speed Electric Vehicles Value by Countries (2014-2019)

5.2 Americas Low Speed Electric Vehicles Consumption by Type

5.3 Americas Low Speed Electric Vehicles Consumption by Application

5.4 United States

5.5 Canada

5.6 Mexico

5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC Low Speed Electric Vehicles Consumption by Countries

6.1.1 APAC Low Speed Electric Vehicles Consumption by Countries (2014-2019)

6.1.2 APAC Low Speed Electric Vehicles Value by Countries (2014-2019)

6.2 APAC Low Speed Electric Vehicles Consumption by Type

6.3 APAC Low Speed Electric Vehicles Consumption by Application

6.4 China

6.5 Japan

6.6 Korea

6.7 Southeast Asia

6.8 India

6.9 Australia

6.10 Key Economic Indicators of Few APAC Countries

7 Europe

7.1 Europe Low Speed Electric Vehicles by Countries

7.1.1 Europe Low Speed Electric Vehicles Consumption by Countries (2014-2019)

7.1.2 Europe Low Speed Electric Vehicles Value by Countries (2014-2019)

7.2 Europe Low Speed Electric Vehicles Consumption by Type

7.3 Europe Low Speed Electric Vehicles Consumption by Application

7.4 Germany

7.5 France

7.6 UK

7.7 Italy

7.8 Russia

7.9 Spain

7.10 Key Economic Indicators of Few Europe Countries

8 Middle East & Africa

8.1 Middle East & Africa Low Speed Electric Vehicles by Countries

8.1.1 Middle East & Africa Low Speed Electric Vehicles Consumption by Countries (2014-2019)

8.1.2 Middle East & Africa Low Speed Electric Vehicles Value by Countries (2014-2019)

8.2 Middle East & Africa Low Speed Electric Vehicles Consumption by Type

8.3 Middle East & Africa Low Speed Electric Vehicles Consumption by Application

8.4 Egypt

8.5 South Africa

8.6 Israel

8.7 Turkey

8.8 GCC Countries

9 Market Drivers, Challenges and Trends

9.1 Market Drivers and Impact

9.1.1 Growing Demand from Key Regions

9.1.2 Growing Demand from Key Applications and Potential Industries

9.2 Market Challenges and Impact

9.3 Market Trends

10 Marketing, Distributors and Customer

10.1 Sales Channel

10.1.1 Direct Channels

10.1.2 Indirect Channels

10.2 Low Speed Electric Vehicles Distributors

10.3 Low Speed Electric Vehicles Customer

11 Global Low Speed Electric Vehicles Market Forecast

11.1 Global Low Speed Electric Vehicles Consumption Forecast (2019-2024)

11.2 Global Low Speed Electric Vehicles Forecast by Regions

11.2.1 Global Low Speed Electric Vehicles Forecast by Regions (2019-2024)

11.2.2 Global Low Speed Electric Vehicles Value Forecast by Regions (2019-2024)

11.2.3 Americas Consumption Forecast

11.2.4 APAC Consumption Forecast

11.2.5 Europe Consumption Forecast

11.2.6 Middle East & Africa Consumption Forecast

11.3 Americas Forecast by Countries

11.3.1 United States Market Forecast

11.3.2 Canada Market Forecast

11.3.3 Mexico Market Forecast

11.3.4 Brazil Market Forecast

11.4 APAC Forecast by Countries

11.4.1 China Market Forecast

11.4.2 Japan Market Forecast

11.4.3 Korea Market Forecast

11.4.4 Southeast Asia Market Forecast

11.4.5 India Market Forecast

11.4.6 Australia Market Forecast

11.5 Europe Forecast by Countries

11.5.1 Germany Market Forecast

11.5.2 France Market Forecast

11.5.3 UK Market Forecast

11.5.4 Italy Market Forecast

11.5.5 Russia Market Forecast

11.5.6 Spain Market Forecast

11.6 Middle East & Africa Forecast by Countries

11.6.1 Egypt Market Forecast

11.6.2 South Africa Market Forecast

11.6.3 Israel Market Forecast

11.6.4 Turkey Market Forecast

11.6.5 GCC Countries Market Forecast

11.7 Global Low Speed Electric Vehicles Forecast by Type

11.8 Global Low Speed Electric Vehicles Forecast by Application

12 Key Players Analysis

12.1 Textron

12.1.1 Company Details

12.1.2 Low Speed Electric Vehicles Product Offered

12.1.3 Textron Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.1.4 Main Business Overview

12.1.5 Textron News

12.2 Yamaha

12.2.1 Company Details

12.2.2 Low Speed Electric Vehicles Product Offered

12.2.3 Yamaha Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.2.4 Main Business Overview

12.2.5 Yamaha News

12.3 Polaris

12.3.1 Company Details

12.3.2 Low Speed Electric Vehicles Product Offered

12.3.3 Polaris Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.3.4 Main Business Overview

12.3.5 Polaris News

12.4 Renault

12.4.1 Company Details

12.4.2 Low Speed Electric Vehicles Product Offered

12.4.3 Renault Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.4.4 Main Business Overview

12.4.5 Renault News

12.5 Garia

12.5.1 Company Details

12.5.2 Low Speed Electric Vehicles Product Offered

12.5.3 Garia Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.5.4 Main Business Overview

12.5.5 Garia News

12.6 Ingersoll Rand

12.6.1 Company Details

12.6.2 Low Speed Electric Vehicles Product Offered

12.6.3 Ingersoll Rand Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.6.4 Main Business Overview

12.6.5 Ingersoll Rand News

12.7 CiEcar Electric Vehicles

12.7.1 Company Details

12.7.2 Low Speed Electric Vehicles Product Offered

12.7.3 CiEcar Electric Vehicles Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.7.4 Main Business Overview

12.7.5 CiEcar Electric Vehicles News

12.8 Star EV

12.8.1 Company Details

12.8.2 Low Speed Electric Vehicles Product Offered

12.8.3 Star EV Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.8.4 Main Business Overview

12.8.5 Star EV News

12.9 Melex

12.9.1 Company Details

12.9.2 Low Speed Electric Vehicles Product Offered

12.9.3 Melex Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.9.4 Main Business Overview

12.9.5 Melex News

12.10 Columbia

12.10.1 Company Details

12.10.2 Low Speed Electric Vehicles Product Offered

12.10.3 Columbia Low Speed Electric Vehicles Sales, Revenue, Price and Gross Margin (2017-2019)

12.10.4 Main Business Overview

12.10.5 Columbia News

12.11 Yogomo

12.12 Dojo

12.13 Shifeng

12.14 Byvin

12.15 Lichi

12.16 Baoya

12.17 Fulu

12.18 Tangjun

12.19 Xinyuzhou

12.20 GreenWheel EV

12.21 Incalu

12.22 Kandi

12.23 APACHE

12.24 Zheren

12.25 Eagle

12.26 Taiqi

13 Research Findings and Conclusion

List of Tables and Figures

Figure Picture of Low Speed Electric Vehicles

Table Product Specifications of Low Speed Electric Vehicles

Figure Low Speed Electric Vehicles Report Years Consid