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Low Speed Vehicle (LSV) Market Share

Report ID: GMI5789
Published Date: May 2023
Report Format: PDF

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Low Speed Vehicle Market Share

Some major players operating in the low speed vehicle market are

AGT Electric Cars
American Landmaster
Bradshaw
CLUB CAR
Columbia Vehicle Group Inc.
Deere & Company
Evolution Electric Vehicles
Garia
ICON Electric Vehicles
KUBOTA Corporation
Moto Electric Vehicles
Motrec International Inc.
Star EV Corporation

These companies focus on strategic partnerships and new product launches & commercialization for market expansion. They are heavily investing in research to introduce innovative products and garner maximum revenue in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of low speed vehicle exceeded USD 6.5 Billion in 2022 and will grow at a 10% CAGR between 2023 and 2032.

Commercial low-speed vehicles market share was around 25% in 2022 and is expected to grow at a lucrative pace by 2032, owing to increasing disposable incomes and consumer preferences toward luxury tourism, particularly in North America and Europe.

North America market share accounted for 40% in 2022, due to increasing government initiatives to encourage sustainable mobility as well as the growing construction & infrastructure industry.

AGT Electric Cars., American Landmaster, Bradshaw, CLUB CAR, Columbia Vehicle Group Inc., Deere & Company, Evolution Electric Vehicles, Garia, ICON Electric Vehicles, KUBOTA Corporation., Moto Electric Vehicles, Motrec International Inc., and Star EV Corporation.