Global Electric Low Speed Vehicle Market Anticipated to Expand at a CAGR of 15.7% by 2024

NEW YORK - June 15, 2018 - PRLog -- According to Goldstein Research, global electric low speed vehicle market is expected to reach USD 7.4 billion by 2024 from USD 3.2 billion in 2015, growing at a CAGR of 15.7% over the forecast period 2016-2024. Growing demand for non-polluting and low speed electric vehicles in hotels, airports, public transportation and golf courses is one of the key factors driving the growth of global electric LSV market. Global electric low speed vehicle marketsegmentationhas beendoneon the basis of type of vehicle type, end-user and geography.Rio summit, Earth summit and Kyoto protocol, are some of the major initiatives taken by global leaders to reduce the carbon footprint and to deploy more electric vehicles.

Global electric low speed vehicle industry (https://www.goldsteinresearch.com/report/global-electric-low-speed-vehicles-lsv-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024) is largely dominated by North America, with a revenue share ofmore than 28%.North America electrical LSV''s market is expected to reach USD 2.07 billion by 2024.

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Market Segmentation
On the basis of our in-depth analysis, Global Electric Low Speed Vehicle Market can be segmented as follows:
By Vehicle Type
·

o   Neighborhood electric vehicles (NEV)

o   Electric golf carts

o   Electric personal utility vehicles

o   Off road electric vehicles

o   Commercial electric vehicles
By End Users
·

o   Golf courses

o   Airports

o   Hotels and resorts

o   Residential premises

o   Other (Tourist spots etc)
By Region
o   North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}

o   Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

o   Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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"Global Electric Low Speed Vehicle Market Outlook 2024"contains detailed overview of the global electric low speed vehicle market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by vehicle type and end-user.

Further, for the in-depth analysis, Global Electric Low Speed Vehicle Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter's five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Textron, Global Electric Motors (GEM), Reva, Zenn Motors, Hitachi Chemicals, Ingersoll Rand, Yamaha motors, Polaris, Star EV, Dongfeng Electric Vehicles Co. Ltd., Bradshaw Electric Vehicles,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global electric low speed vehicle market size (https://www.goldsteinresearch.com/pressrelease/electric-low-speed-vehicles-market-to-surpass-7-billion-by-2024) along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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