A low-speed vehicle (LSV) is a legal class of 4-wheel vehicles that have a maximum capable speed typically around 25 mph (40 km/h), and have a minimum capable speed (typically 20 mph (32 km/h)) that allows them to travel on public roads not accessible to all golf carts or neighborhood electric vehicles (NEV).

Scope of the Report:
Attracted by the market profits, more and more companies have entered into low speed vehicle industry, the competition between manufacturers at home and abroad is fierce for the time being. For the major players of low speed vehicle industry in global market, Ingersoll Rand, Textron, Yamaha and Polaris are the leaders. In the other side, China suppliers such as Byvin Corporation, Yogomo, Dojo and Shifeng have obvious large sales market share.
For the fierce competition between suppliers, price and gross margin is expected to decrease further. Global average price of low speed vehicle is predicted to decline 4.25 thousand USD/Unit in the end of 2025, for the manufacturers, gross margin is about 13%~23%.
The worldwide market for Low Speed Vehicle is expected to grow at a CAGR of roughly 6.0% over the next five years, will reach 5101.8 million US$ in 2024, from 3807.1 million US$ in 2019, according to a new study.
This report focuses on the Low Speed Vehicle in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers
Byvin Corporation
Yogomo
Shifeng
Ingersoll Rand
Dojo
Textron
Lichi
Polaris
Yamaha
GreenWheel EV
Xinyuzhou
Renault
Eagle
Tangjun

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Electric
Diesel
Gasoline

Market Segment by Applications, can be divided into
Personal Use
Public Utilities
Golf Cart
Sightseeing Cars
Other

The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Low Speed Vehicle product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Low Speed Vehicle, with price, sales, revenue and global market share of Low Speed Vehicle in 2017 and 2018.
Chapter 3, the Low Speed Vehicle competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Low Speed Vehicle breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Low Speed Vehicle market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Low Speed Vehicle sales channel, distributors, customers, research findings and conclusion, appendix and data source.