
North America Low-Speed Vehicle Market Size, Share & Industry Trends Analysis Report
Description
North America 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 North America Low-Speed Vehicle Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
In the United States, the Federal Motor Vehicle Safety Standards have issued safety regulations for vehicles traveling between 20 and 25 miles per hour. A four-wheeled motor vehicle is considered a low-speed vehicle if its maximum speed is between 20 and 25 mph (32 and 40 km/h) and its gross vehicle weight rating is less than 2,500 pounds (1,134 kg).
In places like gated and retirement communities, LSVs with greater cargo carrying capacity, provide a flexible and affordable alternative to trucks. Although these small, lightweight vehicles are intended to carry primarily passengers or property, enforcing the complete range of Federal Motor Vehicle Safety Standards (FMVSSs) that apply to automobiles, trucks, and multipurpose passenger vehicles is equally inappropriate.
The Canadian government made several investments to make it simpler for Canadians to purchase and charge electric vehicles (EVs), in addition to ensuring that more ZEVs are available for purchase. For nearly 85,000 federally funded chargers throughout Canada by 2027, the Canadian government has invested in 50,000 additional EV charging stations nationwide. In addition, provincial governments and the corporate sector encourage charging stations. This supportive government attitude is predicted to surge the sales of EVs in the region, further offering growth prospects to the market.
The US market dominated the North America Low-Speed Vehicle Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,070.3 million by 2030. The Canada market is estimated to grow at a CAGR of 8.9% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 8% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- 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
126 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Low-Speed Vehicle Market, by Category Type
- 1.4.2 North America Low-Speed Vehicle Market, by Vehicle Type
- 1.4.3 North America Low-Speed Vehicle Market, by Power Output
- 1.4.4 North America Low-Speed Vehicle Market, by Propulsion
- 1.4.5 North America Low-Speed Vehicle Market, by Battery Type
- 1.4.6 North America Low-Speed Vehicle Market, by Voltage Type
- 1.4.7 North America Low-Speed Vehicle Market, by Application
- 1.4.8 North America 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. North America Low-Speed Vehicle Market by Category Type
- 4.1 North America L7 Market by Country
- 4.2 North America L6 Market by Country
- Chapter 5. North America Low-Speed Vehicle Market by Vehicle Type
- 5.1 North America Commercial Turf Utility Vehicle Market by Country
- 5.2 North America Golf Cart Market by Country
- 5.3 North America Industrial Utility Vehicle Market by Country
- 5.4 North America Personal Mobility Vehicle Market by Country
- Chapter 6. North America Low-Speed Vehicle Market by Power Output
- 6.1 North America <8KW Market by Country
- 6.2 North America 8-15KW Market by Country
- 6.3 North America >15KW Market by Country
- Chapter 7. North America Low-Speed Vehicle Market by Propulsion
- 7.1 North America Electric Market by Country
- 7.2 North America Diesel Market by Country
- 7.3 North America Gasoline Market by Country
- Chapter 8. North America Low-Speed Vehicle Market by Battery Type
- 8.1 North America Li-Ion Market by Country
- 8.2 North America Lead Acid Market by Country
- Chapter 9. North America Low-Speed Vehicle Market by Voltage Type
- 9.1 North America <60 V Market by Country
- 9.2 North America >60 V Market by Country
- Chapter 10. North America Low-Speed Vehicle Market by Application
- 10.1 North America Golf Courses Market by Country
- 10.2 North America Hotels & Resorts Market by Country
- 10.3 North America Airports Market by Country
- 10.4 North America Industrial Facilities Market by Country
- 10.5 North America Others Market by Country
- Chapter 11. North America Low-Speed Vehicle Market by Country
- 11.1 US Low-Speed Vehicle Market
- 11.1.1 US Low-Speed Vehicle Market by Category Type
- 11.1.2 US Low-Speed Vehicle Market by Vehicle Type
- 11.1.3 US Low-Speed Vehicle Market by Power Output
- 11.1.4 US Low-Speed Vehicle Market by Propulsion
- 11.1.5 US Low-Speed Vehicle Market by Battery Type
- 11.1.6 US Low-Speed Vehicle Market by Voltage Type
- 11.1.7 US Low-Speed Vehicle Market by Application
- 11.2 Canada Low-Speed Vehicle Market
- 11.2.1 Canada Low-Speed Vehicle Market by Category Type
- 11.2.2 Canada Low-Speed Vehicle Market by Vehicle Type
- 11.2.3 Canada Low-Speed Vehicle Market by Power Output
- 11.2.4 Canada Low-Speed Vehicle Market by Propulsion
- 11.2.5 Canada Low-Speed Vehicle Market by Battery Type
- 11.2.6 Canada Low-Speed Vehicle Market by Voltage Type
- 11.2.7 Canada Low-Speed Vehicle Market by Application
- 11.3 Mexico Low-Speed Vehicle Market
- 11.3.1 Mexico Low-Speed Vehicle Market by Category Type
- 11.3.2 Mexico Low-Speed Vehicle Market by Vehicle Type
- 11.3.3 Mexico Low-Speed Vehicle Market by Power Output
- 11.3.4 Mexico Low-Speed Vehicle Market by Propulsion
- 11.3.5 Mexico Low-Speed Vehicle Market by Battery Type
- 11.3.6 Mexico Low-Speed Vehicle Market by Voltage Type
- 11.3.7 Mexico Low-Speed Vehicle Market by Application
- 11.4 Rest of North America Low-Speed Vehicle Market
- 11.4.1 Rest of North America Low-Speed Vehicle Market by Category Type
- 11.4.2 Rest of North America Low-Speed Vehicle Market by Vehicle Type
- 11.4.3 Rest of North America Low-Speed Vehicle Market by Power Output
- 11.4.4 Rest of North America Low-Speed Vehicle Market by Propulsion
- 11.4.5 Rest of North America Low-Speed Vehicle Market by Battery Type
- 11.4.6 Rest of North America Low-Speed Vehicle Market by Voltage Type
- 11.4.7 Rest of North America 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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