Global Low Speed Electric Vehicles Sales Market Report 2020

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.

Market Analysis and Insights: Global Low Speed Electric Vehicles Market
The global Low Speed Electric Vehicles market size is projected to reach US$ 10550 million by 2026, from US$ 6290.7 million in 2020, at a CAGR of 9.0% during 2021-2026.

Global Low Speed Electric Vehicles Scope and Market Size
The global Low Speed Electric Vehicles market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Low Speed Electric Vehicles market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the Low Speed Electric Vehicles market is segmented into
Lithium-Ion Battery Low Speed Electric Vehicle
Lead-Acid Battery Low Speed Electric Vehicle
Other

Segment by Application, the Low Speed Electric Vehicles market is segmented into
Personal Use
Golf Course
Public Utilities
Sightseeing
Others

The Low Speed Electric Vehicles market is analysed and market size information is provided by regions (countries). Segment by Application, the Low Speed Electric Vehicles market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Low Speed Electric Vehicles Market Share Analysis
Low Speed Electric Vehicles market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Low Speed Electric Vehicles business, the date to enter into the Low Speed Electric Vehicles market, Low Speed Electric Vehicles product introduction, recent developments, etc.

The major vendors covered:
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