Market Research Logo

Low Speed Vehicle Market for North America by Manufacturer, Power Output (<8 kW, 8–15 kW, and >15 kW), Propulsion (Diesel, Electric, and Gasoline), Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personnel Carrier), and Country - Foreca

Low Speed Vehicle Market for North America by Manufacturer, Power Output (<8 kW, 8–15 kW, and >15 kW), Propulsion (Diesel, Electric, and Gasoline), Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personnel Carrier), and Country - Forecast to 2022

“Increase in demand for green vehicles and changing face of transportation industry to drive the low speed vehicle market.”
The low speed vehicle market in North America is projected to grow at a CAGR of 3.06%. From USD 3.57 billion in 2017 it is projected to reach USD 4.15 billion by 2022. The rising trend of using low speed vehicles in gated communities, resorts, industrial & college campuses is projected to fuel the demand for these vehicles. On the other hand, high cost as compared with ICE vehicles, and minimal safety features are identified as the key factors which can restrain the growth of the low speed vehicle market.

“Personnel Carrier market is estimated to show the fastest growth and is expected to dominate the LSV market, by LSV type”
The market for personnel carriers is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. Among all the vehicle type, personal carriers are expected to be highly accepted by the consumers. These vehicles are estimated to be used in resorts and gated communities. This type of vehicles varies in seating capacity from 2 to 8. Hence, these vehicles are used in tourist spots as well as in industrial or residential areas. Also, up to certain loads, these vehicles can be used with medium power output. Thus, with an increase in short commute, the demand for these type of vehicles is estimated to grow. Taylor Dunn is one of the leading players offering the personnel carriers in the US market.

“Golf Carts is estimated to have the largest share in low speed vehicle market”
The Golf cart market is projected to be the largest segment of the low speed vehicle market for North America. The growth in golf carts can be attributed due to increasing focus on vehicle electrification and increase in a golf course in North America. In 2015, the number of people participating in the sport increased by 2% from 2012. The use of electric golf cars results in better performance, less use of energy, reduced noise, and are easy to maneuver.

“US to dominate the market growth.”
The US market is estimated to dominate the low speed vehicle market for North America during the forecast period. The growth can be attributed due to high purchase orders from the US military for the utility vehicles. For instance, the US Marine Corps has ordered more than 100 utility task vehicles from Polaris to be delivered by the end of 2017. These vehicles are all-purpose and are suitable for all terrain applications. Also, the growth in the country is boosted by the increase in trend of golf communities, which eventually resulted in demand for golf carts.

The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
By Company Type — Tier-1 - 35%, Tier-2 - 45%, and Tier 3- 20%
By Designation — C level - 35 %, D level – 25%, Other- 40%
By Country — US- 60%, Canada - 30%, Mexico– 10%,

The key companies profiled in the study are Polaris (US), Textron (US), Deere (US), Toro (US), Kubota (Japan), Yamaha (Japan), Club Car (US), Taylor-Dunn (US), Columbia Parcar (US), and American Landmaster (US).

Research Coverage
The low speed vehicle market for North America is segmented by manufacturer (Polaris, Deere, Kubota, Club Car/Ingersoll Ran, Textron, Yamaha, Kawasaki, Ontario, American Sportworks, Bad Boy/Intimidator, and others), power output (<8 kW, 8 kW–15 kW, and >15 kW), propulsion (diesel, electric, and gasoline), and low speed vehicle type (commercial turf utility vehicles, golf carts, industrial utility vehicles, and personnel carriers)

Reasons to Buy the Report:
The report provides insights with reference to the following points:
Market Size: The report gives in-depth market sizing and forecasts up to 5 years with third level segmentation.
OEM-wise Analysis: The report provides market sizing of low speed vehicles by manufacturers and the forecast of the same to 2022.
Market Development: The report provides comprehensive information about lucrative emerging markets. The report analyzes the markets for Low speed vehicles in North America.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the low speed vehicle market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table CURRENCY EXCHANGE RATES (W.R.T. USD)
    • PACKAGE SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • KEY DATA FROM SECONDARY SOURCES
      • PRIMARY DATA
      • SAMPLING TECHNIQUES & DATA COLLECTION METHODS
      • PRIMARY PARTICIPANTS
    • FACTOR ANALYSIS
      • INTRODUCTION
      • DEMAND-SIDE ANALYSIS
      • SUPPLY-SIDE ANALYSIS
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN NORTH AMERICA FOR ELECTRIC LOW SPEED VEHICLES
    • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY MANUFACTURER
    • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY POWER OUTPUT
    • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY PROPULSION
    • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY VEHICLE TYPE
    • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
        • Table TECHNICAL PERFORMANCE OF DIFFERENT EV BATTERIES
    • MACRO INDICATOR ANALYSIS
      • INTRODUCTION
      • MACRO INDICATORS INFLUENCING THE LOW SPEED VEHICLES MARKET FOR US
        • Table US: RISING GNI PER CAPITA EXPECTED TO DRIVE THE SALES OF LUXURY VEHICLES DURING THE FORECAST PERIOD
    • SUPPLY CHAIN ANALYSIS
    • LOW SPEED VEHICLES: US STATE-WISE REGULATIONS ON PERMITTED USAGE & SPEED LIMIT
  • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY MANUFACTURER
    • INTRODUCTION
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY MANUFACTURER, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY MANUFACTURER, 2015-2022 (USD BILLION)
    • POLARIS
      • Table LOW SPEED VEHICLES MARKET FOR POLARIS, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR POLARIS, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR POLARIS, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR POLARIS, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • DEERE
      • Table LOW SPEED VEHICLES MARKET FOR DEERE, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR DEERE, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR DEERE, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR DEERE, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • KUBOTA
      • Table LOW SPEED VEHICLES MARKET FOR KUBOTA, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR KUBOTA, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR KUBOTA, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR KUBOTA, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • CLUB CAR/INGERSOLL RAND
      • Table LOW SPEED VEHICLES MARKET FOR CLUB CAR/INGERSOLL RAND, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR CLUB CAR/INGERSOLL RAND, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR CLUB CAR/INGERSOLL RAND, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR CLUB CAR/INGERSOLL RAND, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • TEXTRON
      • Table LOW SPEED VEHICLES MARKET FOR TEXTRON, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR TEXTRON, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR TEXTRON, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR TEXTRON, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • YAMAHA
      • Table LOW SPEED VEHICLES MARKET FOR YAMAHA, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR YAMAHA, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR YAMAHA, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR YAMAHA, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • KAWASAKI
      • Table LOW SPEED VEHICLES MARKET FOR KAWASAKI, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR KAWASAKI, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR KAWASAKI, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR KAWASAKI, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • ONTARIO
      • Table LOW SPEED VEHICLES MARKET FOR ONTARIO, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR ONTARIO, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR ONTARIO, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR ONTARIO, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • AMERICAN SPORTWORKS
      • Table LOW SPEED VEHICLES MARKET FOR AMERICAN SPORTWORKS, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR AMERICAN SPORTWORKS, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR AMERICAN SPORTWORKS, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR AMERICAN SPORTWORKS, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • BAD BOY/INTIMIDATOR
      • Table LOW SPEED VEHICLES MARKET FOR BAD BOY/INTIMIDATOR, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR BAD BOY/INTIMIDATOR, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR BAD BOY/INTIMIDATOR, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR BAD BOY/INTIMIDATOR, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
    • OTHERS
      • Table LOW SPEED VEHICLES MARKET FOR OTHERS, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR OTHERS, BY COUNTRY, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR OTHERS, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR OTHERS, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
  • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY POWER OUTPUT
    • INTRODUCTION
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY POWER OUTPUT, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY POWER OUTPUT, 2015-2022 (USD BILLION)
    • <8 KW
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR <8 KW POWER OUTPUT, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR <8 KW POWER OUTPUT, BY COUNTRY, 2015-2022 (USD BILLION)
    • 8 KW-15 KW
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR 8 KW-15 KW POWER OUTPUT, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR 8 KW-15 KW POWER OUTPUT, BY COUNTRY, 2015-2022 (USD BILLION)
    • >15 KW
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR >15 KW POWER OUTPUT, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR >15 KW POWER OUTPUT, BY COUNTRY, 2015-2022 (USD BILLION)
  • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY PROPULSION
    • INTRODUCTION
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY PROPULSION, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY PROPULSION, 2015-2022 (USD BILLION)
    • DIESEL
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR DIESEL PROPULSION, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR DIESEL PROPULSION, BY COUNTRY, 2015-2022 (USD BILLION)
    • ELECTRIC
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR ELECTRIC PROPULSION, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR ELECTRIC PROPULSION, BY COUNTRY, 2015-2022 (USD BILLION)
    • GASOLINE
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR GASOLINE PROPULSION, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR GASOLINE PROPULSION, BY COUNTRY, 2015-2022 (USD BILLION)
  • LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY LSV TYPE
    • INTRODUCTION
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY VEHICLE TYPE, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY VEHICLE TYPE, 2015-2022 (USD BILLION)
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY COUNTRY, 2015-2022 (UNITS)
      • Table LOW SPEED VEHICLES MARKET FOR NORTH AMERICA, BY COUNTRY, 2015-2022 (USD BILLION)
    • COMMERCIAL TURF UTILITY VEHICLES
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR COMMERCIAL TURF UTILITY VEHICLES, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR COMMERCIAL TURF UTILITY VEHICLES, BY COUNTRY, 2015-2022 (USD BILLION)
    • GOLF CARTS
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR GOLF CARTS, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR GOLF CARTS, BY COUNTRY, 2015-2022 (USD BILLION)
    • INDUSTRIAL UTILITY VEHICLES
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR INDUSTRIAL UTILITY VEHICLES, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR INDUSTRIAL UTILITY VEHICLES, BY COUNTRY, 2015-2022 (USD BILLION)
    • PERSONNEL CARRIERS
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR PERSONNEL CARRIERS, BY COUNTRY, 2015-2022 (UNITS)
      • Table NORTH AMERICA: LOW SPEED VEHICLES MARKET FOR PERSONNEL CARRIERS, BY COUNTRY, 2015-2022 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS: LOW SPEED VEHICLE MARKET, 2016
      • Table LOW SPEED VEHICLE SUPPLIERS: MARKET RANKING
    • RECENT DEVELOPMENTS
      • Table RECENT DEVELOPMENTS, 2017
  • COMPANY PROFILES
    • POLARIS
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TEXTRON
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • DEERE
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TORO
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • KUBOTA
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • YAMAHA
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • CLUB CAR
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • TAYLOR DUNN
      • OVERVIEW
      • PRODUCTS OFFERED
    • COLUMBIA PARCAR
      • OVERVIEW
      • PRODUCTS OFFERED
    • AMERICAN LANDMASTER
      • OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • PRIMARY INSIGHTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
      • LOW SPEED VEHICLE MARKET FOR NORTH AMERICA, BY MANUFACTURER & POWER OUTPUT
      • LOW SPEED VEHICLE MARKET FOR NORTH AMERICA, BY MANUFACTURER & MODELS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report