
Europe Low-Speed Vehicle Market Size, Share & Industry Trends Analysis Report
Description
Europe Low-Speed Vehicle Market Size, Share & Industry Trends Analysis Report By Category Type (L7, and L6), By Vehicle Type, By Power Output, By Propulsion, By Battery Type, By Voltage Type, By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Low-Speed Vehicle Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).
The growing ageing population will be the driving force behind the market as this age group needs vehicles that can be used for mobility. Strict emission regulations and standards supporting the demand. The use of LSVs for short-distance travel also makes growing fuel prices a significant factor in the market's growth.
Low-speed vehicles (LSVs) have four wheels and a maximum speed of around 25 mph (40 km/h). These vehicles are used as golf carts, turf utility vehicles, neighborhood vehicles, and industrial automobiles. Due to its portability, it is used in a variety of locations, including gated communities, corporate offices, industrial areas, and campuses of schools, colleges, and universities. Currently, low-speed vehicles come in both electric and conventional fuel versions. More than 60% of these vehicles are electrically powered, and it is predicted that they will contribute to the growth of market throughout the review period.
A key driver propelling the market in Europe is the growing prominence of golf infrastructure. Despite being primarily centered in the highest-ranked golfing nations, Europe is seeing a steady increase in the number of golf courses. The general public has limited access to several of these facilities since they are only available to private clubs, golf resorts, and golf-specific properties. Currently, a large share of the world's golf course supply can be found in Europe. This growing popularity of golf courses is predicted to raise the demand for golf carts, thereby supporting market growth.
The Germany market dominated the Europe Low-Speed Vehicle Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $935.5 million by 2030. The UK market is showcasing a CAGR of 5.9% during (2023 - 2030). Additionally, The France market would display a CAGR of 7.6% during (2023 - 2030).
Based on Category Type, the market is segmented into L7, and L6. Based on Vehicle Type, the market is segmented into Commercial Turf Utility Vehicle, Golf Cart, Industrial Utility Vehicle, and Personal Mobility Vehicle. Based on Power Output, the market is segmented into <8KW, 8-15KW, and >15KW. Based on Propulsion, the market is segmented into Electric, Diesel, and Gasoline. Based on Battery Type, the market is segmented into Li-Ion, and Lead Acid. Based on Voltage Type, the market is segmented into <60 V, and >60 V. Based on Application, the market is segmented into Golf Courses, Hotels & Resorts, Airports, Industrial Facilities, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Textron, Inc., Deere & Company, Yamaha Motor Co., Ltd., The Toro Company, KUBOTA Corporation, Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.), Waev, Inc., Club Car, LLC, American LandMaster, and Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
Scope of the Study
Market Segments covered in the Report:
By Category Type
- L7
- L6
- Commercial Turf Utility Vehicle
- Golf Cart
- Industrial Utility Vehicle
- Personal Mobility Vehicle
- <8KW
- 8-15KW
- >15KW
- Electric
- Diesel
- Gasoline
- Li-Ion
- Lead Acid
- <60 V
- >60 V
- Golf Courses
- Hotels & Resorts
- Airports
- Industrial Facilities
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Textron, Inc.
- Deere & Company
- Yamaha Motor Co., Ltd.
- The Toro Company
- KUBOTA Corporation
- Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
- Waev, Inc.
- Club Car, LLC
- American LandMaster
- Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
- Exhaustive coverage
- Highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Table of Contents
148 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Low-Speed Vehicle Market, by Category Type
- 1.4.2 Europe Low-Speed Vehicle Market, by Vehicle Type
- 1.4.3 Europe Low-Speed Vehicle Market, by Power Output
- 1.4.4 Europe Low-Speed Vehicle Market, by Propulsion
- 1.4.5 Europe Low-Speed Vehicle Market, by Battery Type
- 1.4.6 Europe Low-Speed Vehicle Market, by Voltage Type
- 1.4.7 Europe Low-Speed Vehicle Market, by Application
- 1.4.8 Europe Low-Speed Vehicle Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Market Share Analysis, 2022
- 3.4 Top Winning Strategies
- 3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Jan – 2023, Jun) Leading Players
- Chapter 4. Europe Low-Speed Vehicle Market by Category Type
- 4.1 Europe L7 Market by Country
- 4.2 Europe L6 Market by Country
- Chapter 5. Europe Low-Speed Vehicle Market by Vehicle Type
- 5.1 Europe Commercial Turf Utility Vehicle Market by Country
- 5.2 Europe Golf Cart Market by Country
- 5.3 Europe Industrial Utility Vehicle Market by Country
- 5.4 Europe Personal Mobility Vehicle Market by Country
- Chapter 6. Europe Low-Speed Vehicle Market by Power Output
- 6.1 Europe <8KW Market by Country
- 6.2 Europe 8-15KW Market by Country
- 6.3 Europe >15KW Market by Country
- Chapter 7. Europe Low-Speed Vehicle Market by Propulsion
- 7.1 Europe Electric Market by Country
- 7.2 Europe Diesel Market by Country
- 7.3 Europe Gasoline Market by Country
- Chapter 8. Europe Low-Speed Vehicle Market by Battery Type
- 8.1 Europe Li-Ion Market by Country
- 8.2 Europe Lead Acid Market by Country
- Chapter 9. Europe Low-Speed Vehicle Market by Voltage Type
- 9.1 Europe <60 V Market by Country
- 9.2 Europe >60 V Market by Country
- Chapter 10. Europe Low-Speed Vehicle Market by Application
- 10.1 Europe Golf Courses Market by Country
- 10.2 Europe Hotels & Resorts Market by Country
- 10.3 Europe Airports Market by Country
- 10.4 Europe Industrial Facilities Market by Country
- 10.5 Europe Others Market by Country
- Chapter 11. Europe Low-Speed Vehicle Market by Country
- 11.1 Germany Low-Speed Vehicle Market
- 11.1.1 Germany Low-Speed Vehicle Market by Category Type
- 11.1.2 Germany Low-Speed Vehicle Market by Vehicle Type
- 11.1.3 Germany Low-Speed Vehicle Market by Power Output
- 11.1.4 Germany Low-Speed Vehicle Market by Propulsion
- 11.1.5 Germany Low-Speed Vehicle Market by Battery Type
- 11.1.6 Germany Low-Speed Vehicle Market by Voltage Type
- 11.1.7 Germany Low-Speed Vehicle Market by Application
- 11.2 UK Low-Speed Vehicle Market
- 11.2.1 UK Low-Speed Vehicle Market by Category Type
- 11.2.2 UK Low-Speed Vehicle Market by Vehicle Type
- 11.2.3 UK Low-Speed Vehicle Market by Power Output
- 11.2.4 UK Low-Speed Vehicle Market by Propulsion
- 11.2.5 UK Low-Speed Vehicle Market by Battery Type
- 11.2.6 UK Low-Speed Vehicle Market by Voltage Type
- 11.2.7 UK Low-Speed Vehicle Market by Application
- 11.3 France Low-Speed Vehicle Market
- 11.3.1 France Low-Speed Vehicle Market by Category Type
- 11.3.2 France Low-Speed Vehicle Market by Vehicle Type
- 11.3.3 France Low-Speed Vehicle Market by Power Output
- 11.3.4 France Low-Speed Vehicle Market by Propulsion
- 11.3.5 France Low-Speed Vehicle Market by Battery Type
- 11.3.6 France Low-Speed Vehicle Market by Voltage Type
- 11.3.7 France Low-Speed Vehicle Market by Application
- 11.4 Russia Low-Speed Vehicle Market
- 11.4.1 Russia Low-Speed Vehicle Market by Category Type
- 11.4.2 Russia Low-Speed Vehicle Market by Vehicle Type
- 11.4.3 Russia Low-Speed Vehicle Market by Power Output
- 11.4.4 Russia Low-Speed Vehicle Market by Propulsion
- 11.4.5 Russia Low-Speed Vehicle Market by Battery Type
- 11.4.6 Russia Low-Speed Vehicle Market by Voltage Type
- 11.4.7 Russia Low-Speed Vehicle Market by Application
- 11.5 Spain Low-Speed Vehicle Market
- 11.5.1 Spain Low-Speed Vehicle Market by Category Type
- 11.5.2 Spain Low-Speed Vehicle Market by Vehicle Type
- 11.5.3 Spain Low-Speed Vehicle Market by Power Output
- 11.5.4 Spain Low-Speed Vehicle Market by Propulsion
- 11.5.5 Spain Low-Speed Vehicle Market by Battery Type
- 11.5.6 Spain Low-Speed Vehicle Market by Voltage Type
- 11.5.7 Spain Low-Speed Vehicle Market by Application
- 11.6 Italy Low-Speed Vehicle Market
- 11.6.1 Italy Low-Speed Vehicle Market by Category Type
- 11.6.2 Italy Low-Speed Vehicle Market by Vehicle Type
- 11.6.3 Italy Low-Speed Vehicle Market by Power Output
- 11.6.4 Italy Low-Speed Vehicle Market by Propulsion
- 11.6.5 Italy Low-Speed Vehicle Market by Battery Type
- 11.6.6 Italy Low-Speed Vehicle Market by Voltage Type
- 11.6.7 Italy Low-Speed Vehicle Market by Application
- 11.7 Rest of Europe Low-Speed Vehicle Market
- 11.7.1 Rest of Europe Low-Speed Vehicle Market by Category Type
- 11.7.2 Rest of Europe Low-Speed Vehicle Market by Vehicle Type
- 11.7.3 Rest of Europe Low-Speed Vehicle Market by Power Output
- 11.7.4 Rest of Europe Low-Speed Vehicle Market by Propulsion
- 11.7.5 Rest of Europe Low-Speed Vehicle Market by Battery Type
- 11.7.6 Rest of Europe Low-Speed Vehicle Market by Voltage Type
- 11.7.7 Rest of Europe Low-Speed Vehicle Market by Application
- Chapter 12. Company Profiles
- 12.1 Textron, Inc.
- 12.1.1 Company Overview
- 12.1.2 Financial Analysis
- 12.1.3 Segmental and Regional Analysis
- 12.1.4 Research & Development Expenses
- 12.1.5 Recent strategies and developments:
- 12.1.5.1 Product Launches and Product Expansions:
- 12.2 Deere & Company
- 12.2.1 Company Overview
- 12.2.2 Financial Analysis
- 12.2.3 Segmental and Regional Analysis
- 12.2.4 Research & Development Expenses
- 12.2.5 Recent strategies and developments:
- 12.2.5.1 Product Launches and Product Expansions:
- 12.2.5.2 Acquisition and Mergers:
- 12.3 Yamaha Motor Co., Ltd.
- 12.3.1 Company Overview
- 12.3.2 Financial Analysis
- 12.3.3 Segmental and Regional Analysis
- 12.3.4 Research & Development Expense
- 12.3.5 Recent strategies and developments:
- 12.3.5.1 Product Launches and Product Expansions:
- 12.4 The Toro Company
- 12.4.1 Company Overview
- 12.4.2 Financial Analysis
- 12.4.3 Segmental and Regional Analysis
- 12.4.4 Product Development Expenses
- 12.4.5 Recent strategies and developments:
- 12.4.5.1 Product Launches and Product Expansions:
- 12.4.5.2 Acquisition and Mergers:
- 12.5 KUBOTA Corporation
- 12.5.1 Company Overview
- 12.5.2 Financial Analysis
- 12.5.3 Segmental and Regional Analysis
- 12.5.4 Research & Development Expenses
- 12.5.5 Recent strategies and developments:
- 12.5.5.1 Product Launches and Product Expansions:
- 12.6 Columbia Vehicle Group Inc. (Nordic Group of Companies, Ltd.)
- 12.6.1 Company Overview
- 12.6.2 Financial Analysis
- 12.6.3 Segmental and Regional Analysis
- 12.6.4 Recent strategies and developments:
- 12.6.4.1 Partnerships, Collaborations, and Agreements:
- 12.7 Waev, Inc.
- 12.7.1 Company Overview
- 12.7.2 Recent strategies and developments:
- 12.7.2.1 Acquisition and Mergers:
- 12.8 Club Car, LLC
- 12.8.1 Company overview
- 12.8.2 Recent strategies and developments:
- 12.8.2.1 Product Launches and Product Expansions:
- 12.8.2.2 Acquisition and Mergers:
- 12.9 American LandMaster
- 12.9.1 Company Overview
- 12.9.2 Recent strategies and developments:
- 12.9.2.1 Product Launches and Product Expansions:
- 12.10. Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd.
- 12.10.1 Company Overview
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