Return to: Auto News

Golf Carts And Neighborhood Electric Vehicles (NEV) Propelling Electric Low Speed Vehicle (LSV) Market

According to Goldstein Research, rising need to curb air pollution and growing demand for fuel efficient vehicles are the major factors driving the growth of electric LSVs market. Global Electric LSV Market Segmentation includes vehicle type such as neighborhood electric vehicles (NEV), electric golf carts, electric personal utility vehicles, off road electric vehicles and commercial electric vehicles. Electric LSV is emerging on the back of rising number of golf courses and increasing number of airports. Rio summit, Earth summit and Kyoto protocol for instance, are some major initiative taken by global leaders to reduce the carbon footprint and to deploy more electric vehicles. According to our analysts “Electric LSV market is anticipated to expand at compound annual growth rate of 15.7% over the forecast period.” Global Electric LSV market is majorly growing in developed nations owing to flourishing golf industry and awareness among people regarding environment-friendly technologies.
Market Segmentation
On the basis of our in-depth analysis, Global Electric LSV Market can be segmented as follows:
• Based on 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
• Based on End User
o Golf courses
o Airports
o Hotels and resorts
o Residential premises
o Other (Tourist spots etc)
• On the basis of 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 (%)}

“Global Electric LSV Market Outlook 2024” contains detailed overview of the global electric LSV market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by vehicle type and by end user.
Further, for the in-depth analysis, Global Electric LSV 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 LSV market trends 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.
Send us sample request @
About Goldstein Research
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: +1-437-886-1181
UK: +44-203-318-6627
www.goldsteinresearch ...

News Release: Golf Carts And Neighborhood Electric Vehicles (NEV) Propelling Electric Low Speed Vehicle (LSV) Market
Submitted on: February 13, 2018 08:06:26 AM
Submitted by: Steve blade
On behalf of: