According to Stratistics MRC, the Global Low Speed Vehicle Market is accounted for $8.09 billion in 2022 and is expected to reach $13.87 billion by 2028 growing at a CAGR of 9.4% during the forecast period.
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Low-speed vehicles are four-wheeled vehicles with a maximum speed of 40 km/h and a minimum speed of 32 km/h, which is adequate for driving on the road. Meter maids, hunting, yard work, industrial utilities, grounds maintenance, and campus security all require low-speed vehicles. The vehicles are small and light, and they can hold up to 6 people. They also get great mileage, which contributes to the market for vehicles experiencing growth. These products are quickly gaining popularity among drivers who want to produce a small carbon footprint.
Some of the key players in Low Speed Vehicle market include American Landmaster, Bradshaw Electric Vehicles, Club Car, Deere & Company, Ingersoll-Rand plc, Kubota corp, Motor Electric Vehicles, Polaris Industries Inc, Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd, Taylor-Dunn, Textron Inc, The Toro Company, Tomberlin Automotive Group, Yamaha Golf-Car Company.
Vehicle Types Covered:
• Commercial Turf Utility Vehicle
• Golf Cart
• Personal Mobility Vehicle
• Public Transport
• Personal Carrier
• Off-Road Vehicle
• Utility Vehicle
• Heavy Duty Vehicle
• Passenger Vehicle
• Other Vehicle Types
Propulsion Types Covered:
• Diesel
• Electric
• Gasoline
• ICE
• Other Propulsion Types
Battery Types Covered:
• Lead Acid
• Lithium-Ion Batteries (Li-Ion)
• Other Battery Types
Voltage Types Covered:
• <60V
• >60V
Category Types Covered:
• L6
• L7
Power Outputs Covered:
• <8 KW
• 8–15 KW
• >15 KW
Applications Covered:
• Airports
• Golf Courses
• Hotels & Resorts
• Industrial Facilities
• Other Applications
End Users Covered:
• Residential & Commercial Premises
• Tourist Destinations
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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